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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Fixed maturity securities:    
Bonds available for sale, at fair value, net of allowance for credit losses of $211 in 2020 (amortized cost: 2020 - $234,586; 2019 - $233,230) $ 241,776 $ 251,086
Other bond securities, at fair value (See Note 6) 5,353 6,682
Equity Securities, at fair value (See Note 6) 624 841
Mortgage and other loans receivable, net of allowance for credit losses of $787 in 2020 and $438 in 2019 46,844 46,984
Other invested assets (portion measured at fair value: 2020 - $6,576; 2019 - $6,827) 17,966 18,792
Short-term investments, including restricted cash of $324 in 2020 and $188 in 2019 (portion measured at fair value: 2020 - $8,186; 2019 - $5,343) 19,773 13,230
Total investments 332,336 337,615
Cash 2,738 2,856
Accrued investment income 2,312 2,334
Premiums and other receivables, net of allowance for credit losses and disputes of $210 in 2020 and $178 in 2019 12,072 10,274
Reinsurance assets, net of allowance for credit losses and disputes of $310 in 2020 and $151 in 2019 39,927 37,977
Deferred income taxes 13,975 13,146
Deferred policy acquisition costs 11,889 11,207
Other assets, net of allowance for credit losses of $52 in 2020, including restricted cash of $257 in 2020 and $243 in 2019 (portion measured at fair value: 2020 - $3,311; 2019 - $3,151) 16,392 16,383
Separate account assets, at fair value 78,836 93,272
Total assets 510,477 525,064
Liabilities:    
Liability for unpaid losses and loss adjustment expenses, net of allowance for credit losses of $14 in 2020 77,747 78,328
Unearned premiums 20,128 18,269
Future policy benefits for life and accident and health insurance contracts 49,803 50,512
Policyholder contract deposits (portion measured at fair value: 2020 - $8,153; 2019 - $6,910) 154,067 151,869
Other policyholder funds 3,460 3,428
Other liabilities (portion measured at fair value: 2020 - $637; 2019 - $1,100) 29,183 26,609
Long-term debt (portion measured at fair value: 2020 - $2,276; 2019 - $2,062) 25,268 25,479
Separate account liabilities 78,836 93,272
Total liabilities 448,634 457,637
Contingencies, commitments and guarantees (see Note 11)
AIG shareholders' equity:    
Series A Non-cumulative preferred stock and additional paid in capital, $5.00 par value; 100,000,000 shares authorized; shares issued: 2020 - 20,000 and 2019 - 20,000; liquidation preference $500 485 485
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2020 - 1,906,671,492 and 2019 - 1,906,671,492 4,766 4,766
Treasury stock, at cost; 2020 - 1,045,380,884 shares; 2019 - 1,036,672,461 shares of common stock (49,334) (48,987)
Additional paid-in capital 81,188 81,345
Retained earnings 24,062 23,084
Accumulated other comprehensive income (loss) (994) 4,982
Total AIG shareholders' equity 60,173 65,675
Non-redeemable noncontrolling interests 1,670 1,752
Total equity 61,843 67,427
Total liabilities and equity 510,477 525,064
Debt of consolidated investments    
Liabilities:    
Long-term debt (portion measured at fair value: 2020 - $2,276; 2019 - $2,062) $ 10,142 $ 9,871