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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Fixed maturity securities:    
Bonds available for sale, at fair value, net of allowance for credit losses of $236 in 2020 (amortized cost: 2020 - $242,470; 2019 - $233,230) $ 265,965 $ 251,086
Other bond securities, at fair value (See Note 5) 5,415 6,682
Equity Securities, at fair value (See Note 5) 871 841
Mortgage and other loans receivable, net of allowance for credit losses of $797 in 2020 and $438 in 2019 45,590 46,984
Other invested assets (portion measured at fair value: 2020 - $7,064; 2019 - $6,827) 17,915 18,792
Short-term investments, including restricted cash of $214 in 2020 and $188 in 2019 (portion measured at fair value: 2020 - $7,214; 2019 - $5,343) 20,648 13,230
Total investments 356,404 337,615
Cash 3,191 2,856
Accrued investment income 2,324 2,334
Premiums and other receivables, net of allowance for credit losses and disputes of $215 in 2020 and $178 in 2019 11,827 10,274
Reinsurance assets, net of allowance for credit losses and disputes 40,337 37,977
Deferred income taxes 12,958 13,146
Deferred policy acquisition costs 10,176 11,207
Other assets, net of allowance for credit losses of $52 in 2020, including restricted cash of $202 in 2020 and $243 in 2019 (portion measured at fair value: 2020 - $901; 2019 - $3,151) 13,270 16,383
Separate account assets, at fair value 92,036 93,272
Total assets 577,230 525,064
Liabilities:    
Liability for unpaid losses and loss adjustment expenses, net of allowance for credit losses of $14 in 2020 78,584 78,328
Unearned premiums 20,093 18,269
Future policy benefits for life and accident and health insurance contracts 51,090 50,512
Policyholder contract deposits (portion measured at fair value: 2020 - $9,322; 2019 - $6,910) 158,205 151,869
Other policyholder funds 3,571 3,428
Fortitude Re funds withheld payable (portion measured at fair value: 2020 - $5,136) 42,543 0
Other liabilities (portion measured at fair value: 2020 - $600; 2019 - $1,100) 28,264 26,609
Long-term debt 28,731 25,479
Separate account liabilities 92,036 93,272
Total liabilities 512,623 457,637
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 - 1,045,222,917 shares; 2019 - 1,036,672,461 shares of common stock (49,327) (48,987)
Additional paid-in capital 81,368 81,345
Retained earnings 15,838 23,084
Accumulated other comprehensive income 10,978 4,982
Total AIG shareholders' equity 64,108 65,675
Non-redeemable noncontrolling interests 499 1,752
Total equity 64,607 67,427
Total liabilities and equity 577,230 525,064
Fortitude    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 34,707 0
Debt of consolidated investments    
Liabilities:    
Long-term debt $ 9,506 $ 9,871