Statutory Financial Data and Restrictions (Tables)

12 Months Ended

Dec. 31, 2023

Statutory Accounting Practices Disclosure

The following table presents statutory net income (loss) and capital and surplus for our General Insurance companies and our Life and Retirement companies in accordance with statutory accounting practices:


(in millions)		2023		2022		2021
Years Ended December 31,
Statutory net income (loss)(a)(b):
General Insurance companies:
Domestic	$	1,912	$	2,272	$	2,649
Foreign		1,867		1,047		1,573
Total General Insurance companies	$	3,779	$	3,319	$	4,222
Life and Retirement companies:
Domestic	$	3,354	$	3,091	$	2,588
Foreign		(51)		5		5
Total Life and Retirement companies	$	3,303	$	3,096	$	2,593
At December 31,
Statutory capital and surplus(a)(b):
General Insurance companies:
Domestic	$	18,703	$	19,563
Foreign		11,527		13,913
Total General Insurance companies	$	30,230	$	33,476
Life and Retirement companies:
Domestic	$	14,752	$	12,229
Foreign		467		486
Total Life and Retirement companies	$	15,219	$	12,715
Aggregate minimum required statutory capital and surplus:
General Insurance companies:
Domestic	$	3,625	$	3,680
Foreign		6,041		7,314
Total General Insurance companies	$	9,666	$	10,994
Life and Retirement companies:
Domestic	$	4,025	$	4,057
Foreign		223		194
Total Life and Retirement companies	$	4,248	$	4,251

(a)Excludes discontinued operations and other divested businesses.

(b)The 2023 amounts reflect our best estimate of the statutory net income, capital and surplus as of the date of AIG’s Form 10-K filing.

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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