XML 57 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Fixed maturity securities:    
Bonds available for sale, at fair value, net of allowance for credit losses [1] $ 232,735 $ 277,202
Other bond securities [1] 6,898 6,278
Equity securities, at fair value (See Note 5) [1] 629 739
Mortgage and other loans receivable [1] 49,314 46,048
Other invested assets [1] 16,040 15,668
Short-term investments [1] 9,446 13,357
Total investments 315,062 359,292
Cash [1] 2,378 2,198
Accrued investment income [1] 2,232 2,239
Premiums and other receivables, net of allowance for credit losses and disputes of $180 in 2022 and $185 in 2021 15,000 12,409
Deferred income taxes 14,353 11,714
Deferred policy acquisition costs 14,838 10,514
Other assets [1] 13,863 14,351
Separate account assets, at fair value 86,735 109,111
Total assets 538,938 596,112
Liabilities:    
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2022 and $14 in 2021 76,739 79,026
Unearned premiums 21,120 19,313
Future policy benefits for life and accident and health insurance contracts 57,676 59,950
Policyholder contract deposits (portion measured at fair value: 2022 - $6,997; 2021 - $9,736) 156,557 156,686
Other policyholder funds 3,835 3,476
Fortitude Re funds withheld payable (portion measured at fair value: 2022 - $(638); 2021 - $5,922) 32,970 40,771
Other liabilities (portion measured at fair value: 2022 - $280; 2021 - $586) [1] 28,044 28,704
Separate account liabilities 86,735 109,111
Total liabilities 492,114 527,200
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: 2022 - 20,000 and 2021 - 20,000; liquidation preference $500 485 485
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2022 - 1,906,671,492 and 2021 - 1,906,671,492 4,766 4,766
Treasury stock, at cost; 2022 - 1,135,399,976 shares; 2021 - 1,087,984,129 shares of common stock (54,480) (51,618)
Additional paid-in capital 81,679 81,851
Retained earnings 30,550 23,785
Accumulated other comprehensive income (loss) (17,656) 6,687
Total AIG shareholders’ equity 45,344 65,956
Non-redeemable noncontrolling interests 1,480 2,956
Total equity 46,824 68,912
Total liabilities and equity 538,938 596,112
Fortitude RE    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 32,965 33,365
Excluding Fortitude    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 41,512 40,919
Consolidated Entities, Excluding Consolidated Investments    
Liabilities:    
Long-term debt 22,186 23,741
Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary    
Liabilities:    
Long-term debt [1] $ 6,252 $ 6,422
[1] See Note 8 for details of balances associated with variable interest entities.