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Condensed Consolidated Statements of Income (Loss) (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Premiums $ 7,516,000,000 $ 7,914,000,000 $ 14,626,000,000 $ 14,421,000,000
Policy fees 742,000,000 771,000,000 1,506,000,000 1,555,000,000
Total net investment income 2,604,000,000 3,675,000,000 5,841,000,000 7,332,000,000
Total net realized gains (losses) 3,392,000,000 (1,926,000,000) 7,811,000,000 1,324,000,000
Other income 187,000,000 247,000,000 465,000,000 503,000,000
Total revenues 14,441,000,000 10,681,000,000 30,249,000,000 25,135,000,000
Benefits, losses and expenses:        
Policyholder benefits and losses incurred 5,123,000,000 6,084,000,000 10,378,000,000 11,223,000,000
Interest credited to policyholder account balances 910,000,000 872,000,000 1,787,000,000 1,740,000,000
Amortization of deferred policy acquisition costs 1,298,000,000 915,000,000 2,735,000,000 2,219,000,000
General operating and other expenses 2,223,000,000 2,218,000,000 4,404,000,000 4,306,000,000
Interest expense 266,000,000 338,000,000 529,000,000 680,000,000
Loss on extinguishment of debt 299,000,000 106,000,000 299,000,000 98,000,000
Net (gain) loss on divestitures 1,000,000 1,000,000 (39,000,000) (6,000,000)
Total benefits, losses and expenses 10,120,000,000 10,534,000,000 20,093,000,000 20,260,000,000
Income from continuing operations before income tax expense (benefit) 4,321,000,000 147,000,000 10,156,000,000 4,875,000,000
Income tax expense (benefit) 928,000,000 (3,000,000) 2,107,000,000 795,000,000
Income from continuing operations 3,393,000,000 150,000,000 8,049,000,000 4,080,000,000
Loss from discontinued operations, net of income tax expense (1,000,000) 0 (1,000,000) 0
Net income 3,392,000,000 150,000,000 8,048,000,000 4,080,000,000
Less:        
Net income from continuing operations attributable to noncontrolling interests 356,000,000 51,000,000 752,000,000 105,000,000
Net income attributable to AIG 3,036,000,000 99,000,000 7,296,000,000 3,975,000,000
Less: Dividends on preferred stock 8,000,000 8,000,000 15,000,000 15,000,000
Net income attributable to AIG common shareholders $ 3,028,000,000 $ 91,000,000 $ 7,281,000,000 $ 3,960,000,000
Basic:        
Income from continuing operations (in dollars per share) $ 3.83 $ 0.11 $ 9.06 $ 4.58
Income from discontinued operations (in dollars per share) 0 0 0 0
Net income attributable to AIG common shareholders (in dollars per share) 3.83 0.11 9.06 4.58
Diluted:        
Income from continuing operations (in dollars per share) 3.78 0.11 8.95 4.53
Income from discontinued operations (in dollars per share) 0 0 0 0
Net income attributable to AIG common shareholders (in dollars per share) $ 3.78 $ 0.11 $ 8.95 $ 4.53
Weighted average shares outstanding:        
Basic (in shares) 790,897,301 862,930,931 803,532,447 865,508,343
Diluted (in shares) 800,730,746 872,877,303 813,298,338 874,566,280
Excluding Fortitude Re Funds Withheld Assets        
Revenues:        
Total net investment income $ 2,416,000,000 $ 3,168,000,000 $ 5,362,000,000 $ 6,339,000,000
Total net realized gains (losses) 702,000,000 (43,000,000) 1,943,000,000 652,000,000
Fortitude Re funds withheld assets        
Revenues:        
Total net investment income 188,000,000 507,000,000 479,000,000 993,000,000
Total net realized gains (losses) (86,000,000) 173,000,000 (226,000,000) 346,000,000
Fortitude Re funds withheld embedded derivative        
Revenues:        
Total net realized gains (losses) $ 2,776,000,000 $ (2,056,000,000) $ 6,094,000,000 $ 326,000,000