EQUITY (Tables)

12 Months Ended

Dec. 31, 2021

Class of Stock [Line Items]

Rollforward of common stock outstanding

	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Year Ended December 31, 2019
Shares, beginning of year	1,906,671,492	(1,040,062,063)	866,609,429
Shares issued	-	3,389,602	3,389,602
Shares repurchased	-	-	-
Shares, end of year	1,906,671,492	(1,036,672,461)	869,999,031
Year Ended December 31, 2020
Shares, beginning of year	1,906,671,492	(1,036,672,461)	869,999,031
Shares issued	-	3,719,970	3,719,970
Shares repurchased	-	(12,160,952)	(12,160,952)
Shares, end of year	1,906,671,492	(1,045,113,443)	861,558,049
Year Ended December 31, 2021
Shares, beginning of year	1,906,671,492	(1,045,113,443)	861,558,049
Shares issued	-	6,853,070	6,853,070
Shares repurchased	-	(49,723,756)	(49,723,756)
Shares, end of year	1,906,671,492	(1,087,984,129)	818,687,363

Dividends Paid

				Dividends Paid
Declaration Date	Record Date	Payment Date		Per Common Share
November 4, 2021	December 16, 2021	December 30, 2021	$	0.32
August 5, 2021	September 16, 2021	September 30, 2021		0.32
May 6, 2021	June 15, 2021	June 29, 2021		0.32
February 16, 2021	March 16, 2021	March 30, 2021		0.32
November 5, 2020	December 14, 2020	December 28, 2020	$	0.32
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
October 31, 2019	December 12, 2019	December 26, 2019	$	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

Years Ended December 31,
(in millions)		2021		2020		2019
Aggregate repurchases of common stock	$	2,643	$	500	$	-
Total number of common shares repurchased		50		12		-
Aggregate repurchases of warrants*	$	-	$	-	$	-
Total number of warrants repurchased		-		-		-

*Our warrants to purchase shares of AIG Common Stock expired on January 19, 2021.

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 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, January 1, 2019, net of tax	$	(38)	$	2,426	$	(2,725)	$	(1,086)	$	10	$	(1,413)
Change in unrealized appreciation
of investments		842		13,333		-		-		-		14,175
Change in deferred policy acquisition costs
adjustment and other*		15		(1,871)		-		-		-		(1,856)
Change in future policy benefits		-		(4,462)		-		-		-		(4,462)
Change in foreign currency translation adjustments		-		-		135		-		-		135
Change in net actuarial loss		-		-		-		(58)		-		(58)
Change in prior service credit		-		-		-		(2)		-		(2)
Change in deferred tax asset (liability)		(196)		(1,311)		(31)		24		-		(1,514)
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		(3)		(3)
Total other comprehensive income (loss)		661		5,689		104		(36)		(3)		6,415
Noncontrolling interests		-		16		4		-		-		20
Balance, December 31, 2019, net of tax	$	623	$	8,099	$	(2,625)	$	(1,122)	$	7	$	4,982
		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, January 1, 2020, net of tax	$	-	$	8,722	$	(2,625)	$	(1,122)	$	7	$	4,982
Change in unrealized appreciation (depreciation)
of investments		(133)		9,624		-		-		-		9,491
Change in deferred policy acquisition costs
adjustment and other		11		(1,327)		-		-		-		(1,316)
Change in future policy benefits		-		2,408		-		-		-		2,408
Change in foreign currency translation adjustments		-		-		303		-		-		303
Change in net actuarial loss		-		-		-		(67)		-		(67)
Change in prior service credit		-		-		-		(18)		-		(18)
Change in deferred tax asset (liability)		27		(2,351)		56		(21)		-		(2,289)
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		1		1
Total other comprehensive income (loss)		(95)		8,354		359		(106)		1		8,513
Noncontrolling interests		-		(17)		1		-		-		(16)
Balance, December 31, 2020, net of tax	$	(95)	$	17,093	$	(2,267)	$	(1,228)	$	8	$	13,511
Change in unrealized appreciation (depreciation)
of investments		58		(9,313)		-		-		-		(9,255)
Change in deferred policy acquisition costs
adjustment and other		(14)		885		-		-		-		871
Change in future policy benefits		-		917		-		-		-		917
Change in foreign currency translation adjustments		-		-		(117)		-		-		(117)
Change in net actuarial loss		-		-		-		417		-		417
Change in prior service cost		-		-		-		8		-		8
Change in deferred tax asset (liability)		(9)		1,510		(70)		(100)		-		1,331
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		(2)		(2)
Total other comprehensive income (loss)		35		(6,001)		(187)		325		(2)		(5,830)
Other changes in AOCI:
SAFG 9.9% noncontrolling interest sale		3		(1,100)		(2)		-		-		(1,099)
Noncontrolling interests		-		(102)		(3)		-		-		(105)
Balance, December 31, 2021, net of tax	$	(57)	$	10,094	$	(2,453)	$	(903)	$	6	$	6,687

*Includes net unrealized gains and losses attributable to businesses held for sale at December 31, 2019.

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 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
December 31, 2019
Unrealized change arising during period	$	853	$	7,324	$	135	$	(97)	$	(3)	$	8,212
Less: Reclassification adjustments
included in net income		(4)		324		-		(37)		-		283
Total other comprehensive income (loss),
before income tax expense (benefit)		857		7,000		135		(60)		(3)		7,929
Less: Income tax expense (benefit)		196		1,311		31		(24)		-		1,514
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	661	$	5,689	$	104	$	(36)	$	(3)	$	6,415
		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
December 31, 2020
Unrealized change arising during period	$	(161)	$	11,758	$	303	$	(130)	$	1	$	11,771
Less: Reclassification adjustments
included in net income		(39)		1,053		-		(45)		-		969
Total other comprehensive income (loss),
before income tax expense (benefit)		(122)		10,705		303		(85)		1		10,802
Less: Income tax expense (benefit)		(27)		2,351		(56)		21		-		2,289
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(95)	$	8,354	$	359	$	(106)	$	1	$	8,513
December 31, 2021
Unrealized change arising during period	$	44	$	(6,583)	$	(117)	$	379	$	(2)	$	(6,279)
Less: Reclassification adjustments
included in net income		-		928		-		(46)		-		882
Total other comprehensive income (loss),
before income tax expense (benefit)		44		(7,511)		(117)		425		(2)		(7,161)
Less: Income tax expense (benefit)		9		(1,510)		70		100		-		(1,331)
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	35	$	(6,001)	$	(187)	$	325	$	(2)	$	(5,830)

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

							Affected Line Item in the
Years Ended December 31,	Amount Reclassified from AOCI						Consolidated Statements
(in millions)	2021			2020		2019	of Income (Loss)
Unrealized appreciation (depreciation) of fixed maturity securities on
which allowance for credit losses was taken
Investments	$	-	$	(39)	$	-	Net realized gains
Total		-		(39)		-
Unrealized appreciation (depreciation) of fixed maturity securities on
which other-than-temporary credit impairments were taken
Investments	$	-	$	-	$	(4)	Net realized gains
Total		-		-		(4)
Unrealized appreciation (depreciation) of all other investments
Investments		928		1,053		324	Net realized gains
Total		928		1,053		324
Change in retirement plan liabilities adjustment
Prior-service credit		(3)		(1)		-	*
Actuarial losses		(43)		(44)		(37)	*
Total		(46)		(45)		(37)
Total reclassifications for the year	$	882	$	969	$	283

*These AOCI components are included in the computation of net periodic pension cost. For additional information see Note 20.

Changes in Ownership Interest

Year Ended December 31,
(in millions)		2021
Net income attributable to AIG common shareholders	$	9,359
Changes in AIG equity for sale of 9.9% interest in SAFG		(629)
Change from Net income attributable to AIG common shareholders and changes in AIG's ownership interests	$	8,730

Preferred Stock

Class of Stock [Line Items]

Dividends Paid

			Dividends Paid
Declaration Date	Record Date	Payment Date		Per Preferred Share		Per Depositary Share
November 4, 2021	November 30, 2021	December 15, 2021	$	365.625	$	0.365625
August 5, 2021	August 31, 2021	September 15, 2021		365.625		0.365625
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
November 5, 2020	November 30, 2020	December 15, 2020	$	365.625	$	0.365625
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
October 31, 2019	November 29, 2019	December 16, 2019	$	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