Held-For-Sale Classification (Tables)

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table summarizes the components of assets and liabilities held-for-sale on the Consolidated Balance Sheets at December 31, 2023 after elimination of intercompany balances:

(in millions)		AIG Life		Other		Total
Assets:
Bonds available for sale	$	167	$	14	$	181
Other invested assets		—		67		67
Short-term investments, including restricted cash of $0		11		1		12
Cash		3		—		3
Accrued investment income		3		—		3
Premiums and other receivables, net of allowance for credit losses and disputes		116		9		125
Reinsurance assets - other, net of allowance for credit losses and disputes		899		3		902
Deferred income taxes		47		—		47
Deferred policy acquisition costs		814		—		814
Other assets, net of allowance for credit losses(a)		83		31		114
Total assets held for sale	$	2,143	$	125	$	2,268
Liabilities:
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses	$	—	$	19	$	19
Unearned premiums		54		7		61
Future policy benefits for life and accident and health insurance contracts		838		—		838
Other liabilities		854		3		857
Total liabilities held for sale	$	1,746	$	29	$	1,775

(a)Other assets, net of allowance for credit losses includes goodwill and other intangibles of $23 million and $3 million, respectively, for AIG Life.