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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income (loss) $ 9,923 $ (5,829) $ 4,169
Income from discontinued operations 0 (4) (48)
Noncash revenues, expenses, gains and losses included in income (loss):      
Net gains on sales of securities available for sale and other assets (2,099) (1,179) (862)
Net (gain) loss on divestitures (3,044) 8,525 75
Losses on extinguishment of debt 389 12 32
Unrealized gains in earnings - net (1,889) (735) (1,306)
Equity in loss from equity method investments, net of dividends or distributions 3 246 260
Depreciation and other amortization 4,633 4,120 5,006
Impairments of assets 46 98 299
Changes in operating assets and liabilities:      
Insurance reserves 5,127 461 (4,590)
Premiums and other receivables and payables - net (655) 2,586 437
Reinsurance assets, net (1,241) (693) 217
Capitalization of deferred policy acquisition costs (4,906) (4,292) (5,403)
Current and deferred income taxes - net 1,314 (2,434) 912
Other, net (1,322) 156 (1,005)
Total adjustments (3,644) 6,871 (5,928)
Net cash provided by (used in) operating activities 6,279 1,038 (1,807)
Sales or distribution of:      
Available for sale securities 26,098 23,103 22,145
Other securities 975 2,533 7,918
Other invested assets 6,258 3,896 4,185
Divestitures, net 4,683 2,173 2
Maturities of fixed maturity securities available for sale 34,765 27,620 25,488
Principal payments received on and sales of mortgage and other loans receivable 8,267 7,805 5,826
Purchases of:      
Available for sale securities (74,204) (58,284) (54,410)
Other securities (2,034) (617) (1,638)
Other invested assets (3,168) (3,522) (3,346)
Mortgage and other loans receivable (9,013) (5,990) (9,515)
Net change in short-term investments 5,088 (4,925) (3,633)
Other, net (995) 6 1,503
Net cash used in investing activities (3,280) (6,202) (5,475)
Proceeds from (payments for)      
Policyholder contract deposits 25,424 22,385 25,453
Policyholder contract withdrawals (22,481) (17,854) (19,823)
Issuance of preferred stock, net of issuance costs 0 0 485
Purchase of common stock (2,592) (500) 0
Dividends paid on preferred stock (29) (29) (22)
Dividends paid on common stock (1,083) (1,103) (1,114)
Other, net 1,222 541 1,600
Net cash provided by (used in) financing activities (3,735) 5,058 7,258
Effect of exchange rate changes on cash and restricted cash (67) 49 16
Net increase in cash and restricted cash (803) (57) (8)
Cash and restricted cash at beginning of year 3,230 3,287 3,358
Cash and restricted cash at end of year 2,427 3,230 3,287
American International Group, Inc.      
Proceeds from (payments for)      
Issuance of debt 107 4,196 734
Repayments of debt (4,147) (1,923) (1,504)
Debt of consolidated investments      
Proceeds from (payments for)      
Issuance of debt 4,338 2,128 3,147
Repayments of debt $ (4,494) $ (2,783) $ (1,698)