XML 65 R47.htm IDEA: XBRL DOCUMENT v3.23.3
Summary of Significant Accounting Policies - Adjusted Income Statement and Comprehensive Income to Apply Adopted Guidance (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Premiums $ 7,244 $ 7,828 $ 24,782 $ 22,460
Policy fees 702 735 2,094 2,193
Total net realized gains (losses) 1,081 2,572 (1,125) 8,783
Total revenues 12,774 13,998 36,976 42,605
Policyholder benefits and losses incurred 4,982 6,049 18,237 16,093
Change in the fair value of market risk benefits, net (418) (435) (484) (713)
Interest credited to policyholder account balances 1,135 959 3,237 2,749
Amortization of deferred policy acquisition costs 1,190 1,170 3,673 3,423
General operating and other expenses 2,117 2,075 6,365 6,445
Total benefits, losses and expenses 9,206 10,094 31,772 29,062
Income (loss) from continuing operations before income tax expense (benefit) 3,568 3,904 5,204 13,543
Income tax expense (benefit) 821 817 853 2,816
Income (loss) from continuing operations 2,747 3,087 4,351 10,727
Net income (loss) 2,747 3,087 4,351 10,726
Net income (loss) from continuing operations attributable to noncontrolling interests 720 339 801 1,051
Net income (loss) attributable to AIG 2,027 2,748 3,550 9,675
Net income attributable to AIG common shareholders $ 2,020 $ 2,741 $ 3,528 $ 9,653
Income (loss) attributable to AIG common shareholders (in dollars per share) $ 2.83 $ 3.59 $ 4.86 $ 12.22
Net income attributable to AIG common shareholders (in dollars per share) $ 2.81 $ 3.55 $ 4.83 $ 12.08
Statement of Comprehensive Income [Abstract]        
Net income (loss) $ 2,747 $ 3,087 $ 4,351 $ 10,726
Change in unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken (66) (74) 24 (83)
Change in unrealized appreciation (depreciation) of all other investments (5,694) (9,504) (3,440) (40,427)
Change in fair value of market risk benefits attributable to changes in our own credit risk (81) 253 (196) 1,617
Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts 1,147 1,725 1,100 5,885
Change in foreign currency translation adjustments (269) (721) (356) (1,062)
Other comprehensive income (loss) (4,918) (8,306) (2,743) (34,034)
Comprehensive income (loss) (2,171) (5,219) 1,608 (23,308)
Comprehensive income (loss) attributable to noncontrolling interests (712) (378) (263) (1,676)
Comprehensive income (loss) attributable to AIG $ (1,459) (4,841) $ 1,871 (21,632)
As Previously Reported        
Income Statement [Abstract]        
Premiums   7,832   22,458
Policy fees   732   2,238
Total net realized gains (losses)   3,175   10,986
Total revenues   14,602   44,851
Policyholder benefits and losses incurred   6,187   16,565
Change in the fair value of market risk benefits, net   0   0
Interest credited to policyholder account balances   951   2,738
Amortization of deferred policy acquisition costs   1,248   3,983
General operating and other expenses   2,093   6,497
Total benefits, losses and expenses   10,755   30,848
Income (loss) from continuing operations before income tax expense (benefit)   3,847   14,003
Income tax expense (benefit)   806   2,913
Income (loss) from continuing operations   3,041   11,090
Net income (loss)   3,041   11,089
Net income (loss) from continuing operations attributable to noncontrolling interests   332   1,084
Net income (loss) attributable to AIG   2,709   10,005
Net income attributable to AIG common shareholders   $ 2,702   $ 9,983
Income (loss) attributable to AIG common shareholders (in dollars per share)   $ 3.54   $ 12.64
Net income attributable to AIG common shareholders (in dollars per share)   $ 3.50   $ 12.49
Statement of Comprehensive Income [Abstract]        
Net income (loss)   $ 3,041   $ 11,089
Change in unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken   (73)   (78)
Change in unrealized appreciation (depreciation) of all other investments   (8,324)   (34,469)
Change in fair value of market risk benefits attributable to changes in our own credit risk   0   0
Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts   0   0
Change in foreign currency translation adjustments   (591)   (877)
Other comprehensive income (loss)   (8,973)   (35,388)
Comprehensive income (loss)   (5,932)   (24,299)
Comprehensive income (loss) attributable to noncontrolling interests   (464)   (1,784)
Comprehensive income (loss) attributable to AIG   (5,468)   (22,515)
Effect of Change        
Income Statement [Abstract]        
Premiums   (4)   2
Policy fees   3   (45)
Total net realized gains (losses)   (603)   (2,203)
Total revenues   (604)   (2,246)
Policyholder benefits and losses incurred   (138)   (472)
Change in the fair value of market risk benefits, net   (435)   (713)
Interest credited to policyholder account balances   8   11
Amortization of deferred policy acquisition costs   (78)   (560)
General operating and other expenses   (18)   (52)
Total benefits, losses and expenses   (661)   (1,786)
Income (loss) from continuing operations before income tax expense (benefit)   57   (460)
Income tax expense (benefit)   11   (97)
Income (loss) from continuing operations   46   (363)
Net income (loss)   46   (363)
Net income (loss) from continuing operations attributable to noncontrolling interests   7   (33)
Net income (loss) attributable to AIG   39   (330)
Net income attributable to AIG common shareholders   $ 39   $ (330)
Income (loss) attributable to AIG common shareholders (in dollars per share)   $ 0.05   $ (0.42)
Net income attributable to AIG common shareholders (in dollars per share)   $ 0.05   $ (0.41)
Statement of Comprehensive Income [Abstract]        
Net income (loss)   $ 46   $ (363)
Change in unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken   (1)   (5)
Change in unrealized appreciation (depreciation) of all other investments   (1,180)   (5,958)
Change in fair value of market risk benefits attributable to changes in our own credit risk   253   1,617
Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts   1,725   5,885
Change in foreign currency translation adjustments   (130)   (185)
Other comprehensive income (loss)   667   1,354
Comprehensive income (loss)   713   991
Comprehensive income (loss) attributable to noncontrolling interests   86   108
Comprehensive income (loss) attributable to AIG   $ 627   $ 883