INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT (Details - Condensed Consolidating Statements of Cash Flows) - USD ($) $ in Millions |
6 Months Ended |
|
|
|
Jun. 30, 2019 |
Jun. 30, 2018 |
Jun. 30, 2019 |
Dec. 31, 2018 |
Jun. 30, 2018 |
Condensed Financial Statements, Captions [Line Items] |
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
$ (1,272)
|
$ (340)
|
|
|
|
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
Sales of investments |
31,667
|
31,164
|
|
|
|
|
|
Sale of divested businesses, net |
0
|
10
|
|
|
|
|
|
Purchase of investments |
(31,966)
|
(28,504)
|
|
|
|
|
|
Loans to subsidiaries - net |
0
|
0
|
|
|
|
|
|
Contributions from (to) subsidiaries - net |
0
|
0
|
|
|
|
|
|
Acquisition of businesses, net of cash and restricted cash acquired |
0
|
|
|
|
|
|
|
Net change in short-term investments |
(4,837)
|
(3,840)
|
|
|
|
|
|
Other, net |
989
|
(300)
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
(4,147)
|
(1,470)
|
|
|
|
|
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
Issuance of long-term debt |
2,199
|
3,504
|
|
|
|
|
|
Repayments of long-term debt |
(910)
|
(1,959)
|
|
|
|
|
|
Issuance of preferred stock |
485
|
0
|
|
|
|
|
|
Purchase of common stock |
0
|
(646)
|
|
|
|
|
|
Intercompany loans - net |
0
|
0
|
|
|
|
|
|
Dividends paid on preferred stock |
(7)
|
0
|
|
|
|
|
|
Dividends paid on common stock |
(557)
|
(575)
|
|
|
|
|
|
Other, net |
4,008
|
1,099
|
|
|
|
|
|
Net cash provided by financing activities |
5,218
|
1,423
|
|
|
|
|
|
Effect of exchange rate changes on cash and restricted cash |
28
|
30
|
|
|
|
|
|
Change in cash and restricted cash |
(173)
|
(357)
|
|
|
|
|
|
Cash and restricted cash at beginning of year |
3,358
|
2,737
|
|
|
|
|
|
Cash and restricted cash at end of period |
3,185
|
2,380
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Cash |
|
|
$ 2,935
|
|
$ 2,873
|
$ 2,135
|
|
Total cash and restricted cash shown in the Consolidated Statements of Cash Flows |
3,358
|
2,737
|
3,185
|
|
3,358
|
2,380
|
|
Interest: |
|
|
|
|
|
|
|
Third party |
(684)
|
(664)
|
|
|
|
|
|
Intercompany |
0
|
0
|
|
|
|
|
|
Taxes: |
|
|
|
|
|
|
|
Income tax authorities |
(140)
|
(40)
|
|
|
|
|
|
Intercompany |
0
|
0
|
|
|
|
|
|
AIG (As Guarantor) |
|
|
|
|
|
|
|
Condensed Financial Statements, Captions [Line Items] |
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
1,278
|
1,312
|
|
|
|
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
Sales of investments |
1,064
|
3,800
|
|
|
|
|
|
Sale of divested businesses, net |
0
|
0
|
|
|
|
|
|
Purchase of investments |
(1,408)
|
(1,327)
|
|
|
|
|
|
Loans to subsidiaries - net |
551
|
422
|
|
|
|
|
|
Contributions from (to) subsidiaries - net |
(319)
|
57
|
|
|
|
|
|
Acquisition of businesses, net of cash and restricted cash acquired |
0
|
|
|
|
|
|
|
Net change in short-term investments |
(1,769)
|
(4,017)
|
|
|
|
|
|
Other, net |
41
|
(51)
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
(1,840)
|
(1,116)
|
|
|
|
|
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
Issuance of long-term debt |
595
|
2,472
|
|
|
|
|
|
Repayments of long-term debt |
(6)
|
(1,313)
|
|
|
|
|
|
Issuance of preferred stock |
485
|
|
|
|
|
|
|
Purchase of common stock |
0
|
(646)
|
|
|
|
|
|
Intercompany loans - net |
20
|
25
|
|
|
|
|
|
Dividends paid on preferred stock |
(7)
|
|
|
|
|
|
|
Dividends paid on common stock |
(557)
|
(575)
|
|
|
|
|
|
Other, net |
(74)
|
(162)
|
|
|
|
|
|
Net cash provided by financing activities |
456
|
(199)
|
|
|
|
|
|
Effect of exchange rate changes on cash and restricted cash |
0
|
0
|
|
|
|
|
|
Change in cash and restricted cash |
(106)
|
(3)
|
|
|
|
|
|
Cash and restricted cash at beginning of year |
127
|
8
|
|
|
|
|
|
Cash and restricted cash at end of period |
21
|
5
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Cash |
|
|
20
|
|
2
|
3
|
|
Total cash and restricted cash shown in the Consolidated Statements of Cash Flows |
127
|
8
|
21
|
|
127
|
5
|
|
Interest: |
|
|
|
|
|
|
|
Third party |
(497)
|
(478)
|
|
|
|
|
|
Intercompany |
(1)
|
(1)
|
|
|
|
|
|
Taxes: |
|
|
|
|
|
|
|
Income tax authorities |
(10)
|
(17)
|
|
|
|
|
|
Intercompany |
695
|
846
|
|
|
|
|
|
Non-cash financing and investing activities: |
|
|
|
|
|
|
|
Return of capital |
15
|
2,706
|
|
|
|
|
|
Dividends received in the form of securities |
624
|
60
|
|
|
|
|
|
Capital contributions |
15
|
2,339
|
|
|
|
|
|
Validus Holdings, Ltd |
|
|
|
|
|
|
|
Condensed Financial Statements, Captions [Line Items] |
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
(9)
|
0
|
|
|
|
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
Sales of investments |
0
|
0
|
|
|
|
|
|
Sale of divested businesses, net |
0
|
0
|
|
|
|
|
|
Purchase of investments |
0
|
0
|
|
|
|
|
|
Loans to subsidiaries - net |
0
|
0
|
|
|
|
|
|
Contributions from (to) subsidiaries - net |
0
|
0
|
|
|
|
|
|
Acquisition of businesses, net of cash and restricted cash acquired |
0
|
|
|
|
|
|
|
Net change in short-term investments |
0
|
0
|
|
|
|
|
|
Other, net |
0
|
0
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
0
|
0
|
|
|
|
|
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
Issuance of long-term debt |
0
|
0
|
|
|
|
|
|
Repayments of long-term debt |
0
|
0
|
|
|
|
|
|
Issuance of preferred stock |
0
|
|
|
|
|
|
|
Purchase of common stock |
0
|
0
|
|
|
|
|
|
Intercompany loans - net |
0
|
0
|
|
|
|
|
|
Dividends paid on preferred stock |
0
|
|
|
|
|
|
|
Dividends paid on common stock |
0
|
0
|
|
|
|
|
|
Other, net |
0
|
0
|
|
|
|
|
|
Net cash provided by financing activities |
0
|
0
|
|
|
|
|
|
Effect of exchange rate changes on cash and restricted cash |
0
|
0
|
|
|
|
|
|
Change in cash and restricted cash |
(9)
|
0
|
|
|
|
|
|
Cash and restricted cash at beginning of year |
9
|
0
|
|
|
|
|
|
Cash and restricted cash at end of period |
0
|
0
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Cash |
|
|
0
|
|
9
|
0
|
|
Total cash and restricted cash shown in the Consolidated Statements of Cash Flows |
9
|
0
|
0
|
|
9
|
0
|
|
Interest: |
|
|
|
|
|
|
|
Third party |
(11)
|
0
|
|
|
|
|
|
Intercompany |
0
|
0
|
|
|
|
|
|
Taxes: |
|
|
|
|
|
|
|
Income tax authorities |
0
|
0
|
|
|
|
|
|
Intercompany |
0
|
0
|
|
|
|
|
|
AIGLH |
|
|
|
|
|
|
|
Condensed Financial Statements, Captions [Line Items] |
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
982
|
1,211
|
|
|
|
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
Sales of investments |
0
|
0
|
|
|
|
|
|
Sale of divested businesses, net |
0
|
0
|
|
|
|
|
|
Purchase of investments |
0
|
0
|
|
|
|
|
|
Loans to subsidiaries - net |
0
|
0
|
|
|
|
|
|
Contributions from (to) subsidiaries - net |
0
|
0
|
|
|
|
|
|
Acquisition of businesses, net of cash and restricted cash acquired |
0
|
|
|
|
|
|
|
Net change in short-term investments |
0
|
0
|
|
|
|
|
|
Other, net |
0
|
0
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
0
|
0
|
|
|
|
|
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
Issuance of long-term debt |
0
|
0
|
|
|
|
|
|
Repayments of long-term debt |
0
|
0
|
|
|
|
|
|
Issuance of preferred stock |
0
|
|
|
|
|
|
|
Purchase of common stock |
0
|
0
|
|
|
|
|
|
Intercompany loans - net |
0
|
0
|
|
|
|
|
|
Dividends paid on preferred stock |
0
|
|
|
|
|
|
|
Dividends paid on common stock |
(990)
|
(1,228)
|
|
|
|
|
|
Other, net |
0
|
0
|
|
|
|
|
|
Net cash provided by financing activities |
(990)
|
(1,228)
|
|
|
|
|
|
Effect of exchange rate changes on cash and restricted cash |
0
|
0
|
|
|
|
|
|
Change in cash and restricted cash |
(8)
|
(17)
|
|
|
|
|
|
Cash and restricted cash at beginning of year |
9
|
20
|
|
|
|
|
|
Cash and restricted cash at end of period |
1
|
3
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Cash |
|
|
1
|
|
9
|
3
|
|
Total cash and restricted cash shown in the Consolidated Statements of Cash Flows |
9
|
20
|
1
|
|
9
|
3
|
|
Interest: |
|
|
|
|
|
|
|
Third party |
(25)
|
(23)
|
|
|
|
|
|
Intercompany |
0
|
1
|
|
|
|
|
|
Taxes: |
|
|
|
|
|
|
|
Income tax authorities |
0
|
0
|
|
|
|
|
|
Intercompany |
0
|
0
|
|
|
|
|
|
Other Subsidiaries |
|
|
|
|
|
|
|
Condensed Financial Statements, Captions [Line Items] |
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
(1,232)
|
(849)
|
|
|
|
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
Sales of investments |
31,107
|
29,992
|
|
|
|
|
|
Sale of divested businesses, net |
0
|
10
|
|
|
|
|
|
Purchase of investments |
(31,062)
|
(29,805)
|
|
|
|
|
|
Loans to subsidiaries - net |
(20)
|
(25)
|
|
|
|
|
|
Contributions from (to) subsidiaries - net |
0
|
0
|
|
|
|
|
|
Acquisition of businesses, net of cash and restricted cash acquired |
0
|
|
|
|
|
|
|
Net change in short-term investments |
(3,068)
|
177
|
|
|
|
|
|
Other, net |
948
|
(249)
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
(2,095)
|
100
|
|
|
|
|
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
Issuance of long-term debt |
1,604
|
1,032
|
|
|
|
|
|
Repayments of long-term debt |
(904)
|
(646)
|
|
|
|
|
|
Issuance of preferred stock |
0
|
|
|
|
|
|
|
Purchase of common stock |
0
|
0
|
|
|
|
|
|
Intercompany loans - net |
(551)
|
(422)
|
|
|
|
|
|
Dividends paid on preferred stock |
0
|
|
|
|
|
|
|
Dividends paid on common stock |
(1,301)
|
(786)
|
|
|
|
|
|
Other, net |
4,401
|
1,204
|
|
|
|
|
|
Net cash provided by financing activities |
3,249
|
382
|
|
|
|
|
|
Effect of exchange rate changes on cash and restricted cash |
28
|
30
|
|
|
|
|
|
Change in cash and restricted cash |
(50)
|
(337)
|
|
|
|
|
|
Cash and restricted cash at beginning of year |
3,213
|
2,709
|
|
|
|
|
|
Cash and restricted cash at end of period |
3,163
|
2,372
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Cash |
|
|
2,914
|
|
2,853
|
2,129
|
|
Total cash and restricted cash shown in the Consolidated Statements of Cash Flows |
3,213
|
2,709
|
3,163
|
|
3,213
|
2,372
|
|
Interest: |
|
|
|
|
|
|
|
Third party |
(151)
|
(163)
|
|
|
|
|
|
Intercompany |
1
|
2
|
|
|
|
|
|
Taxes: |
|
|
|
|
|
|
|
Income tax authorities |
(130)
|
(23)
|
|
|
|
|
|
Intercompany |
(695)
|
(846)
|
|
|
|
|
|
Other assets |
|
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Restricted cash |
|
|
232
|
[1] |
343
|
227
|
[1] |
Other assets | AIG (As Guarantor) |
|
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Restricted cash |
|
|
1
|
|
1
|
1
|
|
Other assets | Validus Holdings, Ltd |
|
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Restricted cash |
|
|
0
|
|
|
0
|
|
Other assets | AIGLH |
|
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Restricted cash |
|
|
0
|
|
|
0
|
|
Other assets | Other Subsidiaries |
|
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Restricted cash |
|
|
231
|
|
342
|
226
|
|
Short-term investments |
|
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Restricted cash |
|
|
18
|
[1] |
142
|
18
|
[1] |
Short-term investments | AIG (As Guarantor) |
|
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Restricted cash |
|
|
0
|
|
124
|
1
|
|
Short-term investments | Validus Holdings, Ltd |
|
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Restricted cash |
|
|
0
|
|
|
0
|
|
Short-term investments | AIGLH |
|
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Restricted cash |
|
|
0
|
|
|
0
|
|
Short-term investments | Other Subsidiaries |
|
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Restricted cash |
|
|
18
|
|
18
|
17
|
|
Reclassification and Eliminations |
|
|
|
|
|
|
|
Condensed Financial Statements, Captions [Line Items] |
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
(2,291)
|
(2,014)
|
|
|
|
|
|
Cash flows from investing activities: |
|
|
|
|
|
|
|
Sales of investments |
(504)
|
(2,628)
|
|
|
|
|
|
Sale of divested businesses, net |
0
|
0
|
|
|
|
|
|
Purchase of investments |
504
|
2,628
|
|
|
|
|
|
Loans to subsidiaries - net |
(531)
|
(397)
|
|
|
|
|
|
Contributions from (to) subsidiaries - net |
319
|
(57)
|
|
|
|
|
|
Acquisition of businesses, net of cash and restricted cash acquired |
0
|
|
|
|
|
|
|
Net change in short-term investments |
0
|
0
|
|
|
|
|
|
Other, net |
0
|
0
|
|
|
|
|
|
Net cash provided by (used in) investing activities |
(212)
|
(454)
|
|
|
|
|
|
Cash flows from financing activities: |
|
|
|
|
|
|
|
Issuance of long-term debt |
0
|
0
|
|
|
|
|
|
Repayments of long-term debt |
0
|
0
|
|
|
|
|
|
Issuance of preferred stock |
0
|
|
|
|
|
|
|
Purchase of common stock |
0
|
0
|
|
|
|
|
|
Intercompany loans - net |
531
|
397
|
|
|
|
|
|
Dividends paid on preferred stock |
0
|
|
|
|
|
|
|
Dividends paid on common stock |
2,291
|
2,014
|
|
|
|
|
|
Other, net |
(319)
|
57
|
|
|
|
|
|
Net cash provided by financing activities |
2,503
|
2,468
|
|
|
|
|
|
Effect of exchange rate changes on cash and restricted cash |
0
|
0
|
|
|
|
|
|
Change in cash and restricted cash |
0
|
0
|
|
|
|
|
|
Cash and restricted cash at beginning of year |
0
|
0
|
|
|
|
|
|
Cash and restricted cash at end of period |
0
|
0
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Cash |
|
|
0
|
|
0
|
0
|
|
Total cash and restricted cash shown in the Consolidated Statements of Cash Flows |
0
|
0
|
0
|
|
$ 0
|
0
|
|
Interest: |
|
|
|
|
|
|
|
Third party |
0
|
0
|
|
|
|
|
|
Intercompany |
0
|
0
|
|
|
|
|
|
Taxes: |
|
|
|
|
|
|
|
Income tax authorities |
0
|
0
|
|
|
|
|
|
Intercompany |
$ 0
|
$ 0
|
|
|
|
|
|
Reclassification and Eliminations | Other assets |
|
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Restricted cash |
|
|
0
|
|
|
0
|
|
Reclassification and Eliminations | Short-term investments |
|
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations [Abstract] |
|
|
|
|
|
|
|
Restricted cash |
|
|
$ 0
|
|
|
$ 0
|
|
|
|