XML 73 R50.htm IDEA: XBRL DOCUMENT

Equity (Tables)

12 Months Ended

Dec. 31, 2022

Stockholders' Equity Note [Abstract]

The following table presents a rollforward of outstanding shares:


Years Ended December 31,	2022			2021			2020
(in millions)	Common Stock Issued	Treasury Stock	Common Stock Outstanding	Common Stock Issued	Treasury Stock	Common Stock Outstanding	Common Stock Issued	Treasury Stock	Common Stock Outstanding
Shares, beginning of year	1,906.7	(1,088.0)	818.7	1,906.7	(1,045.1)	861.6	1,906.7	(1,036.7)	870.0
Shares issued	—	5.5	5.5	—	6.8	6.8	—	3.7	3.7
Shares repurchased	—	(90.1)	(90.1)	—	(49.7)	(49.7)	—	(12.1)	(12.1)
Shares, end of year	1,906.7	(1,172.6)	734.1	1,906.7	(1,088.0)	818.7	1,906.7	(1,045.1)	861.6

Schedule of accumulated other comprehensive income (loss)

The following table presents a rollforward of Accumulated other comprehensive income (loss):


(in millions)		Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Allowance for Credit Losses Was Taken		Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Retirement Plan Liabilities Adjustment		Fair Value of Liabilities Under Fair Value Option Attributable to Changes in Own Credit Risk		Total
Balance, January 1, 2020, net of tax	$	—	$	8,722	$	(2,625)	$	(1,122)	$	7	$	4,982
Change in unrealized appreciation (depreciation) of investments		(133)		9,624		—		—		—		9,491
Change in deferred policy acquisition costs adjustment and other		11		(1,327)		—		—		—		(1,316)
Change in future policy benefits		—		2,408		—		—		—		2,408
Change in foreign currency translation adjustments		—		—		303		—		—		303
Change in net actuarial loss		—		—		—		(67)		—		(67)
Change in prior service cost		—		—		—		(18)		—		(18)
Change in deferred tax asset (liability)		27		(2,351)		56		(21)		—		(2,289)
Change in fair value of liabilities under fair value option attributable to changes in own credit risk		—		—		—		—		1		1
Total other comprehensive income (loss)		(95)		8,354		359		(106)		1		8,513


(in millions)		Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Allowance for Credit Losses Was Taken		Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Retirement Plan Liabilities Adjustment		Fair Value of Liabilities Under Fair Value Option Attributable to Changes in Own Credit Risk		Total
Noncontrolling interests		—		(17)		1		—		—		(16)
Balance, December 31, 2020, net of tax	$	(95)	$	17,093	$	(2,267)	$	(1,228)	$	8	$	13,511
Change in unrealized appreciation (depreciation) of investments		58		(9,313)		—		—		—		(9,255)
Change in deferred policy acquisition costs adjustment and other		(14)		885		—		—		—		871
Change in future policy benefits		—		917		—		—		—		917
Change in foreign currency translation adjustments		—		—		(117)		—		—		(117)
Change in net actuarial loss		—		—		—		417		—		417
Change in prior service cost		—		—		—		8		—		8
Change in deferred tax asset (liability)		(9)		1,510		(70)		(100)		—		1,331
Change in fair value of liabilities under fair value option attributable to changes in own credit risk		—		—		—		—		(2)		(2)
Total other comprehensive income (loss)		35		(6,001)		(187)		325		(2)		(5,830)
Other changes in AOCI:
Corebridge 9.9% noncontrolling interests sale		3		(1,100)		(2)		—		—		(1,099)
Noncontrolling interests		—		(102)		(3)		—		—		(105)

Balance, December 31, 2021, net of tax	$	(57)	$	10,094	$	(2,453)	$	(903)	$	6	$	6,687
Change in unrealized appreciation (depreciation) of investments		(119)		(47,647)		—		—		—		(47,766)
Change in deferred policy acquisition costs adjustment and other		9		6,284		—		—		—		6,293
Change in future policy benefits		—		2,612		—		—		—		2,612
Change in foreign currency translation adjustments		—		—		(470)		—		—		(470)
Change in net actuarial loss		—		—		—		(31)		—		(31)
Change in prior service cost		—		—		—		8		—		8
Change in deferred tax asset (liability)		23		5,976		(44)		3		—		5,958
Change in fair value of liabilities under fair value option attributable to changes in own credit risk		—		—		—		—		(6)		(6)
Total other comprehensive loss		(87)		(32,775)		(514)		(20)		(6)		(33,402)
Other changes in AOCI:
Corebridge 12.4% noncontrolling interests sale		—		2,044		(3)		(1)		—		2,040
Noncontrolling interests		(6)		(2,588)		11		—		—		(2,583)
Balance, December 31, 2022, net of tax	$	(138)	$	(18,049)	$	(2,981)	$	(924)	$	—	$	(22,092)

Schedule of other comprehensive income (loss) reclassification adjustments

The following table presents the other comprehensive income (loss) reclassification adjustments for the years ended December 31, 2022, 2021 and 2020, respectively:


(in millions)	Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Allowance for Credit Losses Was Taken			Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Retirement Plan Liabilities Adjustment		Fair Value of Liabilities Under Fair Value Option Attributable to Changes in Own Credit Risk		Total
Year Ended December 31, 2022
Unrealized change arising during period	$	(103)	$	(39,940)	$	(470)	$	(53)	$	(6)	$	(40,572)
Less: Reclassification adjustments included in net income		7		(1,189)		—		(30)		—		(1,212)
Total other comprehensive income (loss), before of income tax expense (benefit)		(110)		(38,751)		(470)		(23)		(6)		(39,360)
Less: Income tax expense (benefit)		(23)		(5,976)		44		(3)		—		(5,958)
Total other comprehensive income (loss), net of income tax expense (benefit)	$	(87)	$	(32,775)	$	(514)	$	(20)	$	(6)	$	(33,402)


Year Ended December 31, 2021
Unrealized change arising during period	$	44	$	(6,583)	$	(117)	$	379	$	(2)	$	(6,279)
Less: Reclassification adjustments included in net income		—		928		—		(46)		—		882
Total other comprehensive income (loss), before income tax expense (benefit)		44		(7,511)		(117)		425		(2)		(7,161)
Less: Income tax expense (benefit)		9		(1,510)		70		100		—		(1,331)


(in millions)	Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Allowance for Credit Losses Was Taken			Unrealized Appreciation (Depreciation) of All Other Investments		Foreign Currency Translation Adjustments		Retirement Plan Liabilities Adjustment		Fair Value of Liabilities Under Fair Value Option Attributable to Changes in Own Credit Risk		Total
Total other comprehensive income (loss), net of income tax expense (benefit)	$	35	$	(6,001)	$	(187)	$	325	$	(2)	$	(5,830)

Year Ended December 31, 2020
Unrealized change arising during period	$	(161)	$	11,758	$	303	$	(130)	$	1	$	11,771
Less: Reclassification adjustments included in net income		(39)		1,053		—		(45)		—		969
Total other comprehensive income (loss), before income tax expense (benefit)		(122)		10,705		303		(85)		1		10,802
Less: Income tax expense (benefit)		(27)		2,351		(56)		21		—		2,289
Total other comprehensive income (loss), net of income tax expense (benefit)	$	(95)	$	8,354	$	359	$	(106)	$	1	$	8,513

Schedule of effect of the reclassification of significant items out of accumulated other comprehensive income on the respective line items in the Consolidated Statements of Income

The following table presents the effect of the reclassification of significant items out of AOCI on the respective line items in the Consolidated Statements of Income (Loss):
















							Affected Line Item in the
Years Ended December 31,		Amount Reclassified from AOCI					Consolidated
(in millions)		2022		2021		2020	Statements of Income (Loss)
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken
Investments	$	7	$	—	$	(39)	Net realized gains (losses)
Total		7		—		(39)
Unrealized appreciation (depreciation) of all other investments
Investments		(1,189)		928		1,053	Net realized gains (losses)
Total		(1,189)		928		1,053
Change in retirement plan liabilities adjustment
Prior-service credit		(2)		(3)		(1)	*
Actuarial losses		(28)		(43)		(44)	*
Total		(30)		(46)		(45)
Total reclassifications for the period	$	(1,212)	$	882	$	969

*These AOCI components are included in the computation of net periodic pension cost. For additional information, see Note 20.

Schedule of noncontrolling interest

The following table presents the effect of changes in our ownership interest in Corebridge on our equity:


Year Ended December 31,
(in millions)		2022
Net income attributable to AIG common shareholders	$	10,247
Changes in AIG equity for sale of 12.4% interest in Corebridge		608
Change from Net income attributable to AIG common shareholders and changes in AIG's ownership interests	$	10,855

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 45
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=65888546&loc=d3e21300-112643

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21553-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 480
-SubTopic 10
-Section S99
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=122040564&loc=d3e177068-122764

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21538-112644

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21488-112644

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21506-112644

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21484-112644

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21475-112644

+ Details