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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Fixed maturity securities:    
Bonds available for sale, at fair value, net of allowance for credit losses of $186 in 2022 and $98 in 2021 (amortized cost: 2022 - $255,993; 2021 - $259,210) [1] $ 226,156 $ 277,202
Other bond securities, at fair value (See Note 5) [1] 4,485 6,278
Equity securities, at fair value (See Note 5) [1] 575 739
Mortgage and other loans receivable [1] 49,605 46,048
Other invested assets [1] 15,953 15,668
Short-term investments [1] 12,376 13,357
Total investments 309,150 359,292
Cash [1] 2,043 2,198
Accrued investment income [1] 2,376 2,239
Premiums and other receivables, net of allowance for credit losses and disputes of $169 in 2022 and $185 in 2021 13,243 12,409
Deferred income taxes 15,144 11,714
Deferred policy acquisition costs 15,518 10,514
Other assets [1] 12,714 14,351
Separate account assets, at fair value 84,853 109,111
Total assets 526,634 596,112
Liabilities:    
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2022 and $14 in 2021 75,167 79,026
Unearned premiums 18,338 19,313
Future policy benefits for life and accident and health insurance contracts 59,223 59,950
Policyholder contract deposits (portion measured at fair value: 2022 - $7,146; 2021 - $9,736) 158,891 156,686
Other policyholder funds 3,909 3,476
Fortitude Re funds withheld payable (portion measured at fair value: 2022 - $(2,235); 2021 - $5,922) 30,383 40,771
Other liabilities (portion measured at fair value: 2022 - $343; 2021 - $586) [1] 26,456 28,704
Separate account liabilities 84,853 109,111
Total liabilities 484,399 527,200
Contingencies, commitments and guarantees (See Note 15)
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 - 1,172,543,436 shares; 2021 - 1,087,984,129 shares of common stock (56,473) (51,618)
Additional paid-in capital 80,284 81,851
Retained earnings 33,032 23,785
Accumulated other comprehensive income (loss) (22,092) 6,687
Total AIG shareholders’ equity 40,002 65,956
Non-redeemable noncontrolling interests 2,233 2,956
Total equity 42,235 68,912
Total liabilities and equity 526,634 596,112
Recurring Basis    
Fixed maturity securities:    
Other invested assets 12,042 10,504
Short-term investments 5,708 4,426
Other assets 621 957
Liabilities:    
Policyholder contract deposits (portion measured at fair value: 2022 - $7,146; 2021 - $9,736) 7,146 9,736
Fortitude Re funds withheld payable (2,235)  
Fortitude Re funds withheld payable (portion measured at fair value: 2022 - $(2,235); 2021 - $5,922)   5,922
Consolidated Entities, Excluding Consolidated Investments    
Liabilities:    
Short-term and long-term debt 21,299 23,741
Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary    
Liabilities:    
Short-term and long-term debt [1] 5,880 6,422
Fortitude RE    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 32,159 33,365
Excluding Fortitude    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes $ 39,434 $ 40,919
[1] See Note 9 for details of balances associated with variable interest entities.