XML 64 R46.htm IDEA: XBRL DOCUMENT v3.23.3
Summary of Significant Accounting Policies - Adjusted Balance Sheet to Apply Adopted Guidance (Details) - USD ($)
$ in Millions
Sep. 30, 2023
Jun. 30, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Dec. 31, 2021
[2]
Jan. 01, 2021
Dec. 31, 2020
Assets:                
Premiums and other receivables, net of allowance for credit losses and disputes of $141 in 2023 and $169 in 2022 $ 11,388   $ 13,243          
Reinsurance assets, net of allowance for credit losses and disputes               $ 3,176
Deferred income taxes 14,612   14,804       $ 12,963  
Deferred policy acquisition costs 11,999   12,857       12,955  
Market risk benefit assets, at fair value 978   796       338 338
Other assets 11,857 [1]   12,384 [1]       13,520  
Total assets 521,521   522,228       598,841  
Liabilities:                
Future policy benefits for life and accident and health insurance contracts 51,666   51,914 $ 49,337     67,364  
Policyholder contract deposits 159,737   155,984 154,852     148,223  
Market risk benefit liabilities, at fair value 4,519   4,736       8,739 8,739
Other policyholder funds 3,365   3,463       3,796  
Other liabilities(c) 24,202 [1]   26,757 [1]       27,520  
Total liabilities 478,308   478,774       532,906  
Additional paid-in capital 77,764   79,915          
Retained earnings 37,689   34,893       16,437  
Accumulated other comprehensive loss (22,529)   (22,616)       11,314  
Total AIG shareholders’ equity 39,984   40,970       65,098  
Non-redeemable noncontrolling interests 3,229   2,484          
Total equity 43,213 $ 46,491 43,454 $ 42,113 $ 47,224 $ 69,034 65,935  
Total liabilities and equity 521,521   522,228       598,841  
Fortitude RE                
Assets:                
Reinsurance assets, net of allowance for credit losses and disputes 28,895   30,751       42,244 36,801
Excluding Fortitude                
Assets:                
Reinsurance assets, net of allowance for credit losses and disputes $ 38,163   38,971       39,432 36,300
As Previously Reported                
Assets:                
Reinsurance assets, net of allowance for credit losses and disputes               2,707
Deferred income taxes     15,144       12,624  
Deferred policy acquisition costs     15,518       9,805  
Market risk benefit assets, at fair value     0       0  
Other assets     12,714       13,122  
Total assets     526,634       586,481  
Liabilities:                
Future policy benefits for life and accident and health insurance contracts     59,223       56,878  
Policyholder contract deposits     158,891       154,470  
Market risk benefit liabilities, at fair value     0       0  
Other policyholder funds     3,909       3,548  
Other liabilities(c)     26,456       27,122  
Total liabilities     484,399       519,282  
Additional paid-in capital     80,284          
Retained earnings     33,032       15,504  
Accumulated other comprehensive loss     (22,092)       13,511  
Total AIG shareholders’ equity     40,002       66,362  
Non-redeemable noncontrolling interests     2,233          
Total equity     42,235       67,199  
Total liabilities and equity     526,634       586,481  
As Previously Reported | Fortitude RE                
Assets:                
Reinsurance assets, net of allowance for credit losses and disputes     32,159       34,578 $ 29,135
As Previously Reported | Excluding Fortitude                
Assets:                
Reinsurance assets, net of allowance for credit losses and disputes     39,434       38,963  
Cumulative effect adjustments                
Assets:                
Deferred income taxes     (340)       339  
Deferred policy acquisition costs     (2,661)       3,150  
Market risk benefit assets, at fair value     796       338  
Other assets     (330)       398  
Total assets     (4,406)       12,360  
Liabilities:                
Future policy benefits for life and accident and health insurance contracts     (7,309)       10,486  
Policyholder contract deposits     (2,907)       (6,247)  
Market risk benefit liabilities, at fair value     4,736       8,739  
Other policyholder funds     (446)       248  
Other liabilities(c)     301       398  
Total liabilities     (5,625)       13,624  
Additional paid-in capital     (369)          
Retained earnings     1,861       933  
Accumulated other comprehensive loss     (524)       (2,197)  
Total AIG shareholders’ equity     968       (1,264)  
Non-redeemable noncontrolling interests     251          
Total equity     1,219       (1,264)  
Total liabilities and equity     (4,406)       12,360  
Cumulative effect adjustments | Fortitude RE                
Assets:                
Reinsurance assets, net of allowance for credit losses and disputes     (1,408)       7,666  
Cumulative effect adjustments | Excluding Fortitude                
Assets:                
Reinsurance assets, net of allowance for credit losses and disputes     $ (463)       $ 469  
[1] See Note 10 for details of balances associated with variable interest entities.
[2] Updated to reflect the adoption of long-duration targets improvements, see Note 2.