XML 24 R8.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 763 $ 698
Noncash revenues, expenses, gains and losses included in income (loss):    
Net losses on sales of securities available for sale and other assets 121 260
Net (gain) loss on divestitures and other 127 (3)
Unrealized (gains) losses in earnings - net 249 (317)
Equity in income from equity method investments, net of dividends or distributions 0 (3)
Depreciation and other amortization 849 866
Impairments of assets 4 0
Changes in operating assets and liabilities:    
Insurance reserves 553 (319)
Premiums and other receivables and payables - net (282) 392
Reinsurance assets, net (1,032) (537)
Capitalization of deferred policy acquisition costs (895) (761)
Current and deferred income taxes - net 128 165
Other, net (430) (497)
Total adjustments (608) (754)
Net cash provided by (used in) operating activities 155 (56)
Sales or distributions of:    
Available for sale securities 3,781 4,762
Other securities 115 18
Other invested assets 1,194 316
Maturities of fixed maturity securities available for sale 2,881 2,060
Principal payments received on and sales of mortgage and other loans receivable 119 254
Purchases of:    
Available for sale securities (7,061) (7,951)
Other securities (674) (40)
Other invested assets (2,332) (256)
Mortgage and other loans receivable (70) (75)
Net change in short-term investments 2,947 3,877
Other, net (67) (214)
Net cash provided by investing activities 833 2,751
Proceeds from (payments for)    
Purchase of common stock (508) (2,229)
Dividends on common stock (241) (234)
Other, net (42) 34
Net cash used in financing activities (799) (2,677)
Effect of exchange rate changes on cash and restricted cash (6) 18
Net increase in cash and restricted cash 183 36
Cash and restricted cash at beginning of year 1,345 1,372
Cash and restricted cash at end of period 1,528 1,408
Cash Equivalents, Restricted Cash and Restricted Cash Equivalents:    
Cash 1,454 1,393
Restricted cash included in Short-term investments [1] 57 2
Restricted cash included in Other assets [1] 17 13
Total cash and restricted cash shown in the Condensed Consolidated Statements of Cash Flows 1,528 1,408
Cash paid during the period for:    
Interest 67 72
Taxes 96 96
Non-cash investing activities:    
Fixed maturity securities and other invested assets transferred in connection with reinsurance transactions 0 (17)
Consolidated Entity, Excluding Consolidated VIE    
Proceeds from (payments for)    
Repayments of debt (7) (247)
Consolidated VIE    
Proceeds from (payments for)    
Repayments of debt $ (1) $ (1)
[1] Includes funds held for tax sharing payments to AIG Parent, security deposits, and replacement reserve deposits related to real estate.