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Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Assets:    
Bonds available for sale, allowance for credit losses $ 136 $ 186
Bonds available for sale, amortized cost 254,179 255,993
Mortgage and other loans receivable, allowance for credit losses 38,421 38,351
Other invested assets [1] 16,104 15,953
Short-term investments [1] 13,253 12,376
Premiums and other receivables, allowance for credit losses and disputes 175 169
Other assets, allowance for credit losses 49 49
Other assets [1] 12,967 12,384
Liabilities:    
Liability for unpaid losses and loss adjustment expenses, allowance for credit losses 14 14
Policyholder contract deposits 157,896 155,984
Fortitude Re funds withheld payable (portion measured at fair value: 2023 - $(1,863); 2022 - $(2,235)) (30,368) (30,383)
Short term debt $ 1,500 $ 1,500
AIG shareholders’ equity:    
Preferred stock, par value (in dollars per share) $ 5.00 $ 5.00
Preferred stock, shares authorized (in shares) 100,000,000 100,000,000
Preferred stock, shares issued (in shares) 20,000 20,000
Preferred stock liquidation preference $ 500 $ 500
Common stock, par value (in dollars per share) $ 2.50 $ 2.50
Common stock, shares authorized (in shares) 5,000,000,000 5,000,000,000
Common stock, shares issued (in shares) 1,906,671,492 1,906,671,492
Treasury stock, shares of common stock (in shares) 1,179,092,272 1,172,543,436
Fortitude RE    
Assets:    
Reinsurance asset, allowance for credit loss $ 0 $ 0
Excluding Fortitude    
Assets:    
Reinsurance asset, allowance for credit loss 278 295
Short-term investments, at cost (approximates fair value)    
Assets:    
Restricted cash 105 140
Other assets    
Assets:    
Restricted cash 30 33
Recurring Basis    
Assets:    
Other invested assets 12,163 12,042
Short-term investments 6,866 5,708
Other assets 726 621
Liabilities:    
Policyholder contract deposits 6,109 5,408
Fortitude Re funds withheld payable (portion measured at fair value: 2023 - $(1,863); 2022 - $(2,235)) (1,863) (2,235)
Other liabilities 367 343
Long-term debt, portion measured at fair value $ 72 $ 56
[1] See Note 9 for details of balances associated with variable interest entities.