XML 58 R35.htm IDEA: XBRL DOCUMENT v3.22.4
Schedule V
 12 Months Ended
Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule V
Valuation and Qualifying Accounts

Schedule V
For the years ended December 31, 2022, 2021, and 2020
(in millions)
Balance,
Beginning
of year		Initial
Allowance
Upon CECL
Adoption		Charged to
Costs and
Expenses		Charge
Offs		Divestitures
Other
Changes(a)
Balance,
End of year
2022
Allowance for mortgage and other loans receivable(b)
$629 $— $104 $(17)$— $— $716 
Allowance for premiums and insurances balances receivable
185 — — (15)— (1)169 
Allowance for reinsurance assets333 — (39)(5)— 6 295 
Federal and foreign valuation allowance for deferred tax assets
1,987 — (25)— — 2,284 4,246 
2021
Allowance for mortgage and other loans receivable
$814 $— $(164)$(2)$(19)$— $629 
Allowance for premiums and insurances balances receivable
205 — (15)(2)— (3)185 
Allowance for reinsurance assets326 — 24 (17)— — 333 
Federal and foreign valuation allowance for deferred tax assets
1,330 — 718 — — (61)1,987 
2020
Allowance for mortgage and other loans receivable
$438 $318 $75 $(17)$— $— $814 
Allowance for premiums and insurances balances receivable
178 34 6 (12)— (1)205 
Allowance for reinsurance assets151 172 12 (9)— — 326 
Federal and foreign valuation allowance for deferred tax assets
1,425 — (65)— — (30)1,330 
(a)Includes recoveries of amounts previously charged off and reclassifications to/from other accounts.
(b)Excludes $37.6 billion loan receivable from AIGFP, which has a full allowance for credit losses, recognized upon the deconsolidation of AIGFP. For additional information, see Note 1 to the Consolidated Financial Statements.