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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Fixed maturity securities:    
Bonds available for sale, at fair value, net of allowance for credit losses of $122 in 2021 and $186 in 2020 (amortized cost: 2021 - $247,438; 2020 - $244,337) [1] $ 263,012 $ 271,496
Other bond securities, at fair value (See Note 5) [1] 4,973 5,291
Equity Securities, at fair value (See Note 5) [1] 1,160 1,056
Mortgage and other loans receivable, net of allowance for credit losses of $787 in 2021 and $814 in 2020 [1] 45,468 45,562
Other invested assets (portion measured at fair value: 2021 - $8.713; 2020 - $8,422) [1] 19,390 19,060
Short-term investments, including restricted cash of $210 in 2021 and $180 in 2020 (portion measured at fair value: 2021 - $4,426; 2020 - $5,968) [1] 14,454 18,203
Total investments 348,457 360,668
Cash [1] 2,796 2,827
Accrued investment income [1] 2,309 2,271
Premiums and other receivables, net of allowance for credit losses and disputes of $203 in 2021 and $205 in 2020 13,808 11,333
Reinsurance assets, net of allowance for credit losses and disputes 41,932 38,963
Deferred income taxes 13,690 12,624
Deferred policy acquisition costs 11,144 9,805
Other assets, net of allowance for credit losses of $49 in 2021 and $49 in 2020, including restricted cash of $238 in 2021 and $223 in 2020 (portion measured at fair value: 2021 - $1,006; 2020 - $887) [1] 13,223 13,122
Separate account assets, at fair value 102,689 100,290
Total assets 584,390 586,481
Liabilities:    
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2021 and $14 in 2020 78,832 77,720
Unearned premiums 21,012 18,660
Future policy benefits for life and accident and health insurance contracts 50,709 51,097
Policyholder contract deposits (portion measured at fair value: 2021 - $7.617; 2020 - $9,798) 157,741 160,251
Other policyholder funds 3,564 3,548
Fortitude Re funds withheld payable (portion measured at fair value: 2021 - $3,487; 2020 - $6,042) 40,181 43,060
Other liabilities (portion measured at fair value: 2021 - $703; 2020 - $570) [1] 30,454 27,122
Long-term debt (portion measured at fair value: 2021 - $2,015; 2020 - $2,097) [1] 26,432 28,103
Separate account liabilities 102,689 100,290
Total liabilities 520,830 519,282
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: 2021 - 20,000 and 2020 - 20,000; liquidation preference $500 485 485
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2021 - 1,906,671,492 and 2020 - 1,906,671,492 4,766 4,766
Treasury stock, at cost; 2021 - 1,047,288,039 shares; 2020 - 1,045,113,443 shares of common stock (49,412) (49,322)
Additional paid-in capital 81,253 81,418
Retained earnings 19,121 15,504
Accumulated other comprehensive income 6,466 13,511
Total AIG shareholders' equity 62,679 66,362
Non-redeemable noncontrolling interests 881 837
Total equity 63,560 67,199
Total liabilities and equity 584,390 586,481
Fortitude    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 34,342 34,578
Debt of consolidated investments    
Liabilities:    
Long-term debt (portion measured at fair value: 2021 - $2,015; 2020 - $2,097) [1] $ 9,216 $ 9,431
[1] See Note 8 for details of balances associated with variable interest entities.