EQUITY (Tables)

9 Months Ended

Sep. 30, 2020

Class of Stock [Line Items]

Rollforward of common stock outstanding

Nine Months Ended September 30, 2020	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Shares, beginning of year	1,906,671,492	(1,036,672,461)	869,999,031
Shares issued	-	3,610,496	3,610,496
Shares repurchased	-	(12,160,952)	(12,160,952)
Shares, end of period	1,906,671,492	(1,045,222,917)	861,448,575

Dividends Paid

The following table presents declaration date, record date, payment date and dividends paid per common share on AIG Common Stock in the nine months ended September 30, 2020 and 2019:

				Dividends Paid
Declaration Date	Record Date	Payment Date		Per Common Share
August 3, 2020	September 17, 2020	September 30, 2020	$	0.32
May 4, 2020	June 15, 2020	June 29, 2020		0.32
February 12, 2020	March 16, 2020	March 30, 2020		0.32
August 7, 2019	September 17, 2019	September 30, 2019	$	0.32
May 6, 2019	June 14, 2019	June 28, 2019		0.32
February 13, 2019	March 15, 2019	March 29, 2019		0.32

Repurchases Of Common Stock and Warrant

The following table presents repurchases of AIG Common Stock and warrants to purchase shares of AIG Common Stock:

Nine Months Ended September 30,
(in millions)		2020		2019
Aggregate repurchases of common stock	$	500	$	-
Total number of common shares repurchased		12		-
Aggregate repurchases of warrants	$	-	$	-
Total number of warrants repurchased		-		-

Accumulated Other Comprehensive Income (Loss)

		Unrealized Appreciation								Fair Value of
		(Depreciation) of Fixed		Unrealized						Liabilities Under
		Maturity Securities on		Appreciation		Foreign		Retirement		Fair Value Option
		Which Allowance		(Depreciation)		Currency		Plan		Attributable to
		for Credit Losses		of All Other		Translation		Liabilities		Changes in
(in millions)		Was Taken		Investments		Adjustments		Adjustment		Own Credit Risk		Total
Balance, June 30, 2020, net of tax	$	(233)	$	13,281	$	(2,767)	$	(1,120)	$	8	$	9,169
Change in unrealized appreciation of investments		101		2,273		-		-		-		2,374
Change in deferred policy acquisition costs
adjustment and other		(5)		(296)		-		-		-		(301)
Change in future policy benefits		-		(147)		-		-		-		(147)
Change in foreign currency translation adjustments		-		-		297		-		-		297
Change in net actuarial loss		-		-		-		2		-		2
Change in prior service credit		-		-		-		-		-		-
Change in deferred tax asset (liability)		(17)		(445)		55		(3)		-		(410)
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		1		1
Total other comprehensive income (loss)		79		1,385		352		(1)		1		1,816
Noncontrolling interests		-		2		5		-		-		7
Balance, September 30, 2020, net of tax	$	(154)	$	14,664	$	(2,420)	$	(1,121)	$	9	$	10,978
Balance, December 31, 2019, net of tax	$	-	$	8,722	$	(2,625)	$	(1,122)	$	7	$	4,982
Change in unrealized appreciation (depreciation)
of investments		(212)		6,088		-		-		-		5,876
Change in deferred policy acquisition costs
adjustment and other		14		(655)		-		-		-		(641)
Change in future policy benefits		-		2,187		-		-		-		2,187
Change in foreign currency translation adjustments		-		-		169		-		-		169
Change in net actuarial loss		-		-		-		18		-		18
Change in prior service credit		-		-		-		(1)		-		(1)
Change in deferred tax asset (liability)		44		(1,695)		37		(16)		-		(1,630)
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		2		2
Total other comprehensive income (loss)		(154)		5,925		206		1		2		5,980
Noncontrolling interests		-		(17)		1		-		-		(16)
Balance, September 30, 2020, net of tax	$	(154)	$	14,664	$	(2,420)	$	(1,121)	$	9	$	10,978

		Unrealized Appreciation								Fair Value of
		(Depreciation) of Fixed		Unrealized						Liabilities Under
		Maturity Securities on		Appreciation		Foreign		Retirement		Fair Value Option
		Which Other-Than-		(Depreciation)		Currency		Plan		Attributable to
		Temporary Credit		of All Other		Translation		Liabilities		Changes in
(in millions)		Impairments Were Taken		Investments		Adjustments		Adjustment		Own Credit Risk		Total
Balance, June 30, 2019, net of tax	$	720	$	8,034	$	(2,692)	$	(1,079)	$	8	$	4,991
Change in unrealized appreciation (depreciation)
of investments		(9)		4,386		-		-		-		4,377
Change in deferred policy acquisition costs
adjustment and other		11		(522)		-		-		-		(511)
Change in future policy benefits		-		(3,042)		-		-		-		(3,042)
Change in foreign currency translation adjustments		-		-		(24)		-		-		(24)
Change in net actuarial loss		-		-		-		13		-		13
Change in prior service credit		-		-		-		(1)		-		(1)
Change in deferred tax liability		(4)		(166)		(10)		(5)		-		(185)
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		1		1
Total other comprehensive income (loss)		(2)		656		(34)		7		1		628
Noncontrolling interests		-		5		(1)		-		-		4
Balance, September 30, 2019, net of tax	$	718	$	8,685	$	(2,725)	$	(1,072)	$	9	$	5,615
Balance, December 31, 2018, net of tax	$	(38)	$	2,426	$	(2,725)	$	(1,086)	$	10	$	(1,413)
Change in unrealized appreciation of investments		935		15,262		-		-		-		16,197
Change in deferred policy acquisition costs
adjustment and other		(3)		(2,246)		-		-		-		(2,249)
Change in future policy benefits		-		(5,291)		-		-		-		(5,291)
Change in foreign currency translation adjustments		-		-		31		-		-		31
Change in net actuarial loss		-		-		-		29		-		29
Change in prior service credit		-		-		-		(2)		-		(2)
Change in deferred tax liability		(176)		(1,447)		(30)		(13)		-		(1,666)
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		(1)		(1)
Total other comprehensive income (loss)		756		6,278		1		14		(1)		7,048
Noncontrolling interests		-		19		1		-		-		20
Balance, September 30, 2019, net of tax	$	718	$	8,685	$	(2,725)	$	(1,072)	$	9	$	5,615

Other comprehensive income (loss) reclassification adjustments

		Unrealized Appreciation								Fair Value of
		(Depreciation) of Fixed		Unrealized						Liabilities Under
		Maturity Securities on		Appreciation		Foreign		Retirement		Fair Value Option
		Which Allowance		(Depreciation)		Currency		Plan		Attributable to
		for Credit Losses		of All Other		Translation		Liabilities		Changes in
(in millions)		Was Taken		Investments		Adjustments		Adjustment		Own Credit Risk		Total
Three Months Ended September 30, 2020
Unrealized change arising during period	$	99	$	2,002	$	297	$	(9)	$	1	$	2,390
Less: Reclassification adjustments
included in net income		3		172		-		(11)		-		164
Total other comprehensive income (loss),
before income tax expense (benefit)		96		1,830		297		2		1		2,226
Less: Income tax expense (benefit)		17		445		(55)		3		-		410
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	79	$	1,385	$	352	$	(1)	$	1	$	1,816
Nine Months Ended September 30, 2020
Unrealized change arising during period	$	(198)	$	8,158	$	169	$	(15)	$	2	$	8,116
Less: Reclassification adjustments
included in net income		-		538		-		(32)		-		506
Total other comprehensive income (loss),
before income tax expense (benefit)		(198)		7,620		169		17		2		7,610
Less: Income tax expense (benefit)		(44)		1,695		(37)		16		-		1,630
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(154)	$	5,925	$	206	$	1	$	2	$	5,980
		Unrealized Appreciation								Fair Value of
		(Depreciation) of Fixed		Unrealized						Liabilities Under
		Maturity Securities on		Appreciation		Foreign		Retirement		Fair Value Option
		Which Other-Than-		(Depreciation)		Currency		Plan		Attributable to
		Temporary Credit		of All Other		Translation		Liabilities		Changes in
(in millions)		Impairments Were Taken		Investments		Adjustments		Adjustment		Own Credit Risk		Total
Three Months Ended September 30, 2019
Unrealized change arising during period	$	3	$	949	$	(24)	$	3	$	1	$	932
Less: Reclassification adjustments
included in net income		1		127		-		(9)		-		119
Total other comprehensive income (loss),
before income tax expense		2		822		(24)		12		1		813
Less: Income tax expense		4		166		10		5		-		185
Total other comprehensive income (loss),
net of income tax expense	$	(2)	$	656	$	(34)	$	7	$	1	$	628
Nine Months Ended September 30, 2019
Unrealized change arising during period	$	929	$	7,912	$	31	$	3	$	(1)	$	8,874
Less: Reclassification adjustments
included in net income		(3)		187		-		(24)		-		160
Total other comprehensive income (loss),
before income tax expense		932		7,725		31		27		(1)		8,714
Less: Income tax expense		176		1,447		30		13		-		1,666
Total other comprehensive income (loss),
net of income tax expense	$	756	$	6,278	$	1	$	14	$	(1)	$	7,048

Schedule of effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Consolidated Statements of Income

	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Condensed Consolidated Statements of Income
	Three Months Ended September 30,
(in millions)		2020		2019
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken
Investments		$	3	$	-		Other realized capital gains
Total			3		-
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken
Investments			-		1		Other realized capital gains
Total			-		1
Unrealized appreciation (depreciation) of all other investments
Investments			172		127		Other realized capital gains
Total			172		127
Change in retirement plan liabilities adjustment
Prior-service credit			-		-		*
Actuarial losses			(11)		(9)		*
Total			(11)		(9)
Total reclassifications for the period		$	164	$	119
	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Condensed Consolidated Statements of Income
	Nine Months Ended September 30,
(in millions)		2020		2019
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken
Investments		$	-	$	-		Other realized capital gains
Total			-		-
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken
Investments			-		(3)		Other realized capital gains
Total			-		(3)
Unrealized appreciation (depreciation) of all other investments
Investments			538		187		Other realized capital gains
Total			538		187
Change in retirement plan liabilities adjustment
Prior-service credit			(1)		-		*
Actuarial losses			(31)		(24)		*
Total			(32)		(24)
Total reclassifications for the period		$	506	$	160

*These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. For additional information see Note 14 to the Condensed Consolidated Financial Statements.

Preferred Stock

Class of Stock [Line Items]

Dividends Paid

			Dividends Paid
Declaration Date	Record Date	Payment Date		Per Preferred Share		Per Depositary Share
August 3, 2020	August 31, 2020	September 15, 2020	$	365.625	$	0.365625
May 4, 2020	May 29, 2020	June 15, 2020		365.625		0.365625
February 12, 2020	February 28, 2020	March 16, 2020		365.625		0.365625
August 7, 2019	August 30, 2019	September 16, 2019	$	365.625	$	0.365625
May 21, 2019	May 31, 2019	June 17, 2019		369.6875		0.3696875