Held-For-Sale Classification (Tables)

3 Months Ended

Mar. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Components of Assets and Liabilities Held-for-Sale

The following table summarizes the components of assets and liabilities held-for-sale on the Condensed Consolidated Balance Sheets at March 31, 2024 and December 31, 2023 after elimination of intercompany balances:

	March 31, 2024						December 31, 2023
(in millions)	AIG Life		Other		Total		AIG Life		Other		Total
Assets:
Bonds available for sale	$	160	$	15	$	175	$	167	$	14	$	181
Other invested assets	—		167		167		—		67		67
Short-term investments	24		1		25		11		1		12
Cash	—		1		1		3		—		3
Accrued investment income	3		1		4		3		—		3
Premiums and other receivables, net of allowance for credit losses and disputes	131		14		145		116		9		125
Reinsurance assets - other, net of allowance for credit losses and disputes	882		5		887		899		3		902
Deferred income taxes	47		—		47		47		—		47
Deferred policy acquisition costs	841		1		842		814		—		814
Other assets, net of allowance for credit losses(a)	82		13		95		83		31		114
Total assets held for sale	$	2,170	$	218	$	2,388	$	2,143	$	125	$	2,268
Liabilities:
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses	$	—	$	24	$	24	$	—	$	19	$	19
Unearned premiums	62		11		73		54		7		61
Future policy benefits for life and accident and health insurance contracts	842		—		842		838		—		838
Other liabilities	869		5		874		854		3		857
Total liabilities held for sale	$	1,773	$	40	$	1,813	$	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 at March 31, 2024 and $23 million and $3 million, respectively, at December 31, 2023.