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Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Premiums $ 33,254 $ 31,856 $ 31,285
Policy fees 2,797 2,913 3,005
Total net investment income 14,592 11,767 14,612
Total net realized gains (losses) (4,608) 7,064 2,271
Other income 767 850 984
Total revenues 46,802 54,450 52,157
Benefits, losses and expenses:      
Policyholder benefits and losses incurred (including remeasurement losses of $342, $304 and $247 for the years ended December 31, 2023, 2022 and 2021, respectively) 24,755 22,176 23,785
Change in the fair value of market risk benefits, net 2 (958) (447)
Interest credited to policyholder account balances 4,424 3,744 3,570
Amortization of deferred policy acquisition costs 4,808 4,557 4,524
General operating and other expenses 8,499 9,122 8,728
Interest expense 1,136 1,125 1,305
Gain (loss) on extinguishment of debt (37) 303 389
Net (gain) loss on divestitures and other (643) 82 (3,044)
Total benefits, losses and expenses 42,944 40,151 38,810
Income from continuing operations before income tax expense (benefit) 3,858 14,299 13,347
Income tax expense (benefit) (20) 3,025 2,441
Income from continuing operations 3,878 11,274 10,906
Income (loss) from discontinued operations, net of income tax expense 0 (1) 0
Net income 3,878 11,273 10,906
Less:      
Net income from continuing operations attributable to noncontrolling interests 235 1,046 539
Net income attributable to AIG 3,643 10,227 10,367
Less: Dividends on preferred stock 29 29 29
Net income (loss) attributable to AIG common shareholders $ 3,614 $ 10,198 $ 10,338
Basic:      
Income (loss) from continuing operations (in dollars per share) $ 5.02 $ 13.10 $ 12.10
Income from discontinued operations (in dollars per share) 0 0 0
Net income (loss) attributable to AIG common shareholders (in dollars per share) 5.02 13.10 12.10
Diluted:      
Income (loss) from continuing operations (in dollars per share) 4.98 12.94 11.95
Income from discontinued operations (in dollars per share) 0 0 0
Net income attributable to AIG common shareholders (in dollars per share) $ 4.98 $ 12.94 $ 11.95
Weighted average shares outstanding:      
Basic (in shares) 719,506,291 778,621,118 854,320,449
Diluted (in shares) 725,233,068 787,941,750 864,884,879
Current $ 491 $ 517 $ (45)
Deferred (511) 2,508 2,486
Excluding Fortitude Re Funds Withheld Assets      
Revenues:      
Total net investment income 13,048 10,824 12,641
Total net realized gains (losses) (2,306) 69 1,871
Fortitude Re funds withheld assets      
Revenues:      
Total net investment income 1,544 943 1,971
Total net realized gains (losses) (295) (486) 1,003
Fortitude Re funds withheld embedded derivative      
Revenues:      
Total net realized gains (losses) $ (2,007) $ 7,481 $ (603)