EQUITY (Tables)

6 Months Ended

Jun. 30, 2021

Class of Stock [Line Items]

Rollforward of common stock outstanding

Six Months Ended June 30, 2021	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Shares, beginning of year	1,906,671,492	(1,045,113,443)	861,558,049
Shares issued	-	6,015,808	6,015,808
Shares repurchased	-	(12,645,927)	(12,645,927)
Shares, end of period	1,906,671,492	(1,051,743,562)	854,927,930

Dividends Paid

The following table presents declaration date, record date, payment date and dividends paid per common share on AIG Common Stock in the six months ended June 30, 2021 and 2020:

				Dividends Paid
Declaration Date	Record Date	Payment Date		Per Common Share
May 6, 2021	June 15, 2021	June 29, 2021	$	0.32
February 16, 2021	March 16, 2021	March 30, 2021		0.32
May 4, 2020	June 15, 2020	June 29, 2020	$	0.32
February 12, 2020	March 16, 2020	March 30, 2020		0.32

Repurchases Of Common Stock and Warrant

The following table presents repurchases of AIG Common Stock:

Six Months Ended June 30,
(in millions)		2021		2020
Aggregate repurchases of common stock	$	592	$	500
Total number of common shares repurchased		13		12
Aggregate repurchases of warrants	$	-	$	-
Total number of warrants repurchased		-		-

Accumulated Other Comprehensive Income (Loss)

										Fair Value of
		Unrealized Appreciation		Unrealized						Liabilities Under
		(Depreciation) of Fixed		Appreciation		Foreign		Retirement		Fair Value Option
		Maturity Securities on		(Depreciation)		Currency		Plan		Attributable to
		Which Allowance for		of All Other		Translation		Liabilities		Changes in
(in millions)		Credit Losses Was Taken		Investments		Adjustments		Adjustment		Own Credit Risk		Total
Balance, March 31, 2021, net of tax	$	(62)	$	9,894	$	(2,142)	$	(1,231)	$	7	$	6,466
Change in unrealized appreciation
of investments		10		5,836		-		-		-		5,846
Change in deferred policy acquisition costs
adjustment and other		(2)		(691)		-		-		-		(693)
Change in future policy benefits		-		(378)		-		-		-		(378)
Change in foreign currency translation adjustments		-		-		25		-		-		25
Change in net actuarial loss		-		-		-		12		-		12
Change in prior service cost		-		-		-		2		-		2
Change in deferred tax liability		(4)		(1,057)		(11)		-		-		(1,072)
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		-		-
Total other comprehensive income		4		3,710		14		14		-		3,742
Noncontrolling interests		-		(1)		-		-		-		(1)
Balance, June 30, 2021, net of tax	$	(58)	$	13,605	$	(2,128)	$	(1,217)	$	7	$	10,209
Balance, December 31, 2020, net of tax	$	(95)	$	17,093	$	(2,267)	$	(1,228)	$	8	$	13,511
Change in unrealized appreciation (depreciation)
of investments		51		(5,854)		-		-		-		(5,803)
Change in deferred policy acquisition costs
adjustment and other		(4)		702		-		-		-		698
Change in future policy benefits		-		767		-		-		-		767
Change in foreign currency translation adjustments		-		-		195		-		-		195
Change in net actuarial loss		-		-		-		11		-		11
Change in prior service cost		-		-		-		4		-		4
Change in deferred tax asset (liability)		(10)		896		(56)		(4)		-		826
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		(1)		(1)
Total other comprehensive income (loss)		37		(3,489)		139		11		(1)		(3,303)
Noncontrolling interests		-		(1)		-		-		-		(1)
Balance, June 30, 2021, net of tax	$	(58)	$	13,605	$	(2,128)	$	(1,217)	$	7	$	10,209

										Fair Value of
		Unrealized Appreciation		Unrealized						Liabilities Under
		(Depreciation) of Fixed		Appreciation		Foreign		Retirement		Fair Value Option
		Maturity Securities on		(Depreciation)		Currency		Plan		Attributable to
		Which Allowance for		of All Other		Translation		Liabilities		Changes in
(in millions)		Credit Losses Was Taken		Investments		Adjustments		Adjustment		Own Credit Risk		Total
Balance, March 31, 2020, net of tax	$	(359)	$	3,190	$	(2,706)	$	(1,129)	$	10	$	(994)
Change in unrealized appreciation
of investments		171		13,786		-		-		-		13,957
Change in deferred policy acquisition costs
adjustment and other		(11)		(1,736)		-		-		-		(1,747)
Change in future policy benefits		-		662		-		-		-		662
Change in foreign currency translation adjustments		-		-		(59)		-		-		(59)
Change in net actuarial loss		-		-		-		12		-		12
Change in prior service cost		-		-		-		-		-		-
Change in deferred tax liability		(34)		(2,630)		(2)		(3)		-		(2,669)
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		(2)		(2)
Total other comprehensive income (loss)		126		10,082		(61)		9		(2)		10,154
Noncontrolling interests		-		(9)		-		-		-		(9)
Balance, June 30, 2020, net of tax	$	(233)	$	13,281	$	(2,767)	$	(1,120)	$	8	$	9,169
Balance, December 31, 2019, net of tax	$	-	$	8,722	$	(2,625)	$	(1,122)	$	7	$	4,982
Change in unrealized appreciation (depreciation)
of investments		(313)		3,815		-		-		-		3,502
Change in deferred policy acquisition costs
adjustment and other		19		(359)		-		-		-		(340)
Change in future policy benefits		-		2,334		-		-		-		2,334
Change in foreign currency translation adjustments		-		-		(128)		-		-		(128)
Change in net actuarial loss		-		-		-		16		-		16
Change in prior service credit		-		-		-		(1)		-		(1)
Change in deferred tax asset (liability)		61		(1,250)		(18)		(13)		-		(1,220)
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		1		1
Total other comprehensive income (loss)		(233)		4,540		(146)		2		1		4,164
Noncontrolling interests		-		(19)		(4)		-		-		(23)
Balance, June 30, 2020, net of tax	$	(233)	$	13,281	$	(2,767)	$	(1,120)	$	8	$	9,169

Other comprehensive income (loss) reclassification adjustments

										Fair Value of
		Unrealized Appreciation		Unrealized						Liabilities Under
		(Depreciation) of Fixed		Appreciation		Foreign		Retirement		Fair Value Option
		Maturity Securities on		(Depreciation)		Currency		Plan		Attributable to
		Which Allowance for		of All Other		Translation		Liabilities		Changes in
(in millions)		Credit Losses Was Taken		Investments		Adjustments		Adjustment		Own Credit Risk		Total
Three Months Ended June 30, 2021
Unrealized change arising during period	$	4	$	4,906	$	25	$	3	$	-	$	4,938
Less: Reclassification adjustments
included in net income		(4)		139		-		(11)		-		124
Total other comprehensive income,
before income tax expense		8		4,767		25		14		-		4,814
Less: Income tax expense		4		1,057		11		-		-		1,072
Total other comprehensive income,
net of income tax expense	$	4	$	3,710	$	14	$	14	$	-	$	3,742
Six Months Ended June 30, 2021
Unrealized change arising during period	$	41	$	(3,855)	$	195	$	(8)	$	(1)	$	(3,628)
Less: Reclassification adjustments
included in net income		(6)		530		-		(23)		-		501
Total other comprehensive income (loss),
before income tax expense (benefit)		47		(4,385)		195		15		(1)		(4,129)
Less: Income tax expense (benefit)		10		(896)		56		4		-		(826)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	37	$	(3,489)	$	139	$	11	$	(1)	$	(3,303)
										Fair Value of
		Unrealized Appreciation		Unrealized						Liabilities Under
		(Depreciation) of Fixed		Appreciation		Foreign		Retirement		Fair Value Option
		Maturity Securities on		(Depreciation)		Currency		Plan		Attributable to
		Which Allowance for		of All Other		Translation		Liabilities		Changes in
(in millions)		Credit Losses Was Taken		Investments		Adjustments		Adjustment		Own Credit Risk		Total
Three Months Ended June 30, 2020
Unrealized change arising during period	$	157	$	12,864	$	(59)	$	1	$	(2)	$	12,961
Less: Reclassification adjustments
included in net income		(3)		152		-		(11)		-		138
Total other comprehensive income (loss),
before income tax expense		160		12,712		(59)		12		(2)		12,823
Less: Income tax expense		34		2,630		2		3		-		2,669
Total other comprehensive income (loss),
net of income tax expense	$	126	$	10,082	$	(61)	$	9	$	(2)	$	10,154
Six Months Ended June 30, 2020
Unrealized change arising during period	$	(297)	$	6,156	$	(128)	$	(6)	$	1	$	5,726
Less: Reclassification adjustments
included in net income		(3)		366		-		(21)		-		342
Total other comprehensive income (loss),
before income tax expense (benefit)		(294)		5,790		(128)		15		1		5,384
Less: Income tax expense (benefit)		(61)		1,250		18		13		-		1,220
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(233)	$	4,540	$	(146)	$	2	$	1	$	4,164

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 AOCI					Affected Line Item in the
	Three Months Ended June 30,					Condensed Consolidated
(in millions)		2021		2020		Statements of Income (Loss)
Unrealized appreciation (depreciation) of fixed maturity
securities on which allowance for credit losses was taken
Investments		$	(4)	$	(3)	Net realized gains
Total			(4)		(3)
Unrealized appreciation (depreciation) of all other
investments
Investments			139		152	Net realized gains
Total			139		152
Change in retirement plan liabilities adjustment
Prior-service credit			(1)		(1)	*
Actuarial losses			(10)		(10)	*
Total			(11)		(11)
Total reclassifications for the period		$	124	$	138
	Amount Reclassified from AOCI					Affected Line Item in the
	Six Months Ended June 30,					Condensed Consolidated
(in millions)		2021		2020		Statements of Income (Loss)
Unrealized appreciation (depreciation) of fixed maturity
securities on which allowance for credit losses was taken
Investments		$	(6)	$	(3)	Net realized gains
Total			(6)		(3)
Unrealized appreciation (depreciation) of all other
investments
Investments			530		366	Net realized gains
Total			530		366
Change in retirement plan liabilities adjustment
Prior-service credit			(2)		(1)	*
Actuarial losses			(21)		(20)	*
Total			(23)		(21)
Total reclassifications for the period		$	501	$	342

*These AOCI 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
May 6, 2021	May 31, 2021	June 15, 2021	$	365.625	$	0.365625
February 16, 2021	February 26, 2021	March 15, 2021		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