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Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Premiums $ 8,167 $ 8,481
Policy fees 714 698
Net investment income:    
Total net investment income 3,904 3,533
Net realized gains (losses):    
Total net realized losses (424) (1,909)
Other income 217 181
Total revenues 12,578 10,984
Benefits, losses and expenses:    
Policyholder benefits and losses incurred (including remeasurement losses of $100 and $64 for the three months ended March 31, 2024, and 2023, respectively) 6,320 6,397
Change in the fair value of market risk benefits, net (369) 196
Interest credited to policyholder account balances 1,204 1,040
Amortization of deferred policy acquisition costs 1,104 1,293
General operating and other expenses 2,014 1,980
Interest expense 260 307
Net (gain) loss on divestitures and other (6) 2
Total benefits, losses and expenses 10,527 11,215
Income (loss) from continuing operations before income tax expense (benefit) 2,051 (231)
Income tax expense (benefit) 451 (144)
Income (loss) from continuing operations 1,600 (87)
Income (loss) from discontinued operations, net of income taxes 0 0
Net income (loss) 1,600 (87)
Less: Net income (loss) from continuing operations attributable to noncontrolling interests 384 (117)
Net income (loss) attributable to AIG 1,216 30
Less: Dividends on preferred stock and preferred stock redemption premiums 22 7
Net income (loss) attributable to AIG common shareholders $ 1,194 $ 23
Basic:    
Income (loss) from continuing operations (in dollars per share) $ 1.75 $ 0.03
Income from discontinued operations (in dollars per share) 0 0
Net income (loss) attributable to AIG common shareholders (in dollars per share) 1.75 0.03
Diluted:    
Income (loss) from continuing operations (in dollars per share) 1.74 0.03
Income from discontinued operations (in dollars per share) 0 0
Net income attributable to AIG common shareholders (in dollars per share) $ 1.74 $ 0.03
Weighted average shares outstanding:    
Basic (in shares) 682,576,848 738,661,428
Diluted (in shares) 687,961,518 744,099,186
Excluding Fortitude Re funds withheld assets    
Net investment income:    
Total net investment income $ 3,535 $ 3,087
Net realized gains (losses):    
Total net realized losses (258) (713)
Fortitude Re funds withheld assets    
Net investment income:    
Total net investment income 369 446
Net realized gains (losses):    
Total net realized losses (179) (31)
Fortitude Re funds withheld embedded derivative    
Net realized gains (losses):    
Total net realized losses $ 13 $ (1,165)