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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Fixed maturity securities:    
Bonds available for sale, at fair value, net of allowance for credit losses of $198 in 2020 (amortized cost: 2020 - $237,345; 2019 - $233,230) $ 258,505 $ 251,086
Other bond securities, at fair value (See Note 5) 5,437 6,682
Equity Securities, at fair value (See Note 5) 679 841
Mortgage and other loans receivable, net of allowance for credit losses of $794 in 2020 and $438 in 2019 46,522 46,984
Other invested assets (portion measured at fair value: 2020 - $6,561; 2019 - $6,827) 17,692 18,792
Short-term investments, including restricted cash of $197 in 2020 and $188 in 2019 (portion measured at fair value: 2020 - $6,388; 2019 - $5,343) 21,316 13,230
Total investments 350,151 337,615
Cash 3,408 2,856
Accrued investment income 2,294 2,334
Premiums and other receivables, net of allowance for credit losses and disputes of $212 in 2020 and $178 in 2019 12,829 10,274
Reinsurance assets, net of allowance for credit losses and disputes 40,656 37,977
Deferred income taxes 13,294 13,146
Deferred policy acquisition costs 10,003 11,207
Other assets, net of allowance for credit losses of $52 in 2020, including restricted cash of $247 in 2020 and $243 in 2019 (portion measured at fair value: 2020 - $899; 2019 - $3,151) 13,455 16,383
Separate account assets, at fair value 88,742 93,272
Total assets 569,388 525,064
Liabilities:    
Liability for unpaid losses and loss adjustment expenses, net of allowance for credit losses of $14 in 2020 77,853 78,328
Unearned premiums 20,103 18,269
Future policy benefits for life and accident and health insurance contracts 50,636 50,512
Policyholder contract deposits (portion measured at fair value: 2020 - $9,233; 2019 - $6,910) 155,852 151,869
Other policyholder funds 3,447 3,428
Fortitude Re funds withheld payable (portion measured at fair value: 2020 - $4,510) 42,033 0
Other liabilities (portion measured at fair value: 2020 - $581; 2019 - $1,100) 28,624 26,609
Long-term debt (portion measured at fair value: 2020 - $2,181; 2019 - $2,062) 29,248 25,479
Separate account liabilities 88,742 93,272
Total liabilities 506,570 457,637
Contingencies, commitments and guarantees (see Note 11)
AIG shareholders' equity:    
Series A Non-cumulative preferred stock and additional paid in capital, $5.00 par value; 100,000,000 shares authorized; shares issued: 2020 - 20,000 and 2019 - 20,000; liquidation preference $500 485 485
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2020 - 1,906,671,492 and 2019 - 1,906,671,492 4,766 4,766
Treasury stock, at cost; 2020 - 1,045,237,650 shares; 2019 - 1,036,672,461 shares of common stock (49,327) (48,987)
Additional paid-in capital 81,294 81,345
Retained earnings 15,847 23,084
Accumulated other comprehensive income 9,169 4,982
Total AIG shareholders' equity 62,234 65,675
Non-redeemable noncontrolling interests 584 1,752
Total equity 62,818 67,427
Total liabilities and equity 569,388 525,064
Fortitude    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 34,556 0
Debt of consolidated investments    
Liabilities:    
Long-term debt (portion measured at fair value: 2020 - $2,181; 2019 - $2,062) $ 10,032 $ 9,871