EQUITY (Tables)

6 Months Ended

Jun. 30, 2020

Class of Stock [Line Items]

Rollforward of common stock outstanding

Six Months Ended June 30, 2020	Common	Treasury	Common Stock
	Stock Issued	Stock	Outstanding
Shares, beginning of year	1,906,671,492	(1,036,672,461)	869,999,031
Shares issued	-	3,595,763	3,595,763
Shares repurchased	-	(12,160,952)	(12,160,952)
Shares, end of period	1,906,671,492	(1,045,237,650)	861,433,842

Dividends Paid

The following table presents declaration date, record date, payment date and dividends paid per common share on AIG Common Stock in the six months ended June 30, 2020 and June 30, 2019:

				Dividends Paid
Declaration Date	Record Date	Payment Date		Per Common Share
May 4, 2020	June 15, 2020	June 29, 2020	$	0.32
February 12, 2020	March 16, 2020	March 30, 2020		0.32
May 6, 2019	June 14, 2019	June 28, 2019	$	0.32
February 13, 2019	March 15, 2019	March 29, 2019		0.32

Repurchases Of Common Stock and Warrant

The following table presents repurchases of AIG Common Stock and warrants to purchase shares of AIG Common Stock:

Six Months Ended June 30,
(in millions)		2020		2019
Aggregate repurchases of common stock	$	500	$	-
Total number of common shares repurchased		12		-
Aggregate repurchases of warrants	$	-	$	-
Total number of warrants repurchased		-		-

Accumulated Other Comprehensive Income (Loss)

		Unrealized Appreciation								Fair Value of
		(Depreciation) of Fixed		Unrealized						Liabilities Under
		Maturity Securities on		Appreciation		Foreign		Retirement		Fair Value Option
		Which Allowance		(Depreciation)		Currency		Plan		Attributable to
		for Credit Losses		of All Other		Translation		Liabilities		Changes in
(in millions)		Was Taken		Investments		Adjustments		Adjustment		Own Credit Risk		Total
Balance, March 31, 2020, net of tax	$	(359)	$	3,190	$	(2,706)	$	(1,129)	$	10	$	(994)
Change in unrealized appreciation of investments		171		13,786		-		-		-		13,957
Change in deferred policy acquisition costs
adjustment and other		(11)		(1,736)		-		-		-		(1,747)
Change in future policy benefits		-		662		-		-		-		662
Change in foreign currency translation adjustments		-		-		(59)		-		-		(59)
Change in net actuarial loss		-		-		-		12		-		12
Change in prior service credit		-		-		-		-		-		-
Change in deferred tax liability		(34)		(2,630)		(2)		(3)		-		(2,669)
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		(2)		(2)
Total other comprehensive income (loss)		126		10,082		(61)		9		(2)		10,154
Noncontrolling interests		-		(9)		-		-		-		(9)
Balance, June 30, 2020, net of tax	$	(233)	$	13,281	$	(2,767)	$	(1,120)	$	8	$	9,169
Balance, December 31, 2019, net of tax	$	-	$	8,722	$	(2,625)	$	(1,122)	$	7	$	4,982
Change in unrealized appreciation (depreciation)
of investments		(313)		3,815		-		-		-		3,502
Change in deferred policy acquisition costs
adjustment and other		19		(359)		-		-		-		(340)
Change in future policy benefits		-		2,334		-		-		-		2,334
Change in foreign currency translation adjustments		-		-		(128)		-		-		(128)
Change in net actuarial loss		-		-		-		16		-		16
Change in prior service credit		-		-		-		(1)		-		(1)
Change in deferred tax asset (liability)		61		(1,250)		(18)		(13)		-		(1,220)
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		1		1
Total other comprehensive income (loss)		(233)		4,540		(146)		2		1		4,164
Noncontrolling interests		-		(19)		(4)		-		-		(23)
Balance, June 30, 2020, net of tax	$	(233)	$	13,281	$	(2,767)	$	(1,120)	$	8	$	9,169

		Unrealized Appreciation								Fair Value of
		(Depreciation) of Fixed		Unrealized						Liabilities Under
		Maturity Securities on		Appreciation		Foreign		Retirement		Fair Value Option
		Which Other-Than-		(Depreciation)		Currency		Plan		Attributable to
		Temporary Credit		of All Other		Translation		Liabilities		Changes in
(in millions)		Impairments Were Taken		Investments		Adjustments		Adjustment		Own Credit Risk		Total
Balance, March 31, 2019, net of tax	$	638	$	5,129	$	(2,562)	$	(1,087)	$	10	$	2,128
Change in unrealized appreciation of investments		95		5,812		-		-		-		5,907
Change in deferred policy acquisition costs
adjustment and other		(6)		(868)		-		-		-		(874)
Change in future policy benefits		-		(1,181)		-		-		-		(1,181)
Change in foreign currency translation adjustments		-		-		(133)		-		-		(133)
Change in net actuarial loss		-		-		-		15		-		15
Change in prior service cost		-		-		-		-		-		-
Change in deferred tax asset (liability)		(7)		(849)		4		(7)		-		(859)
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		(2)		(2)
Total other comprehensive income (loss)		82		2,914		(129)		8		(2)		2,873
Noncontrolling interests		-		9		1		-		-		10
Balance, June 30, 2019, net of tax	$	720	$	8,034	$	(2,692)	$	(1,079)	$	8	$	4,991
Balance, December 31, 2018, net of tax	$	(38)	$	2,426	$	(2,725)	$	(1,086)	$	10	$	(1,413)
Change in unrealized appreciation of investments		944		10,876		-		-		-		11,820
Change in deferred policy acquisition costs
adjustment and other		(14)		(1,724)		-		-		-		(1,738)
Change in future policy benefits		-		(2,249)		-		-		-		(2,249)
Change in foreign currency translation adjustments		-		-		55		-		-		55
Change in net actuarial loss		-		-		-		16		-		16
Change in prior service credit		-		-		-		(1)		-		(1)
Change in deferred tax liability		(172)		(1,281)		(20)		(8)		-		(1,481)
Change in fair value of liabilities under fair value
option attributable to changes in own credit risk		-		-		-		-		(2)		(2)
Total other comprehensive income (loss)		758		5,622		35		7		(2)		6,420
Noncontrolling interests		-		14		2		-		-		16
Balance, June 30, 2019, net of tax	$	720	$	8,034	$	(2,692)	$	(1,079)	$	8	$	4,991

Other comprehensive income (loss) reclassification adjustments

		Unrealized Appreciation								Fair Value of
		(Depreciation) of Fixed		Unrealized						Liabilities Under
		Maturity Securities on		Appreciation		Foreign		Retirement		Fair Value Option
		Which Allowance		(Depreciation)		Currency		Plan		Attributable to
		for Credit Losses		of All Other		Translation		Liabilities		Changes in
(in millions)		Was Taken		Investments		Adjustments		Adjustment		Own Credit Risk		Total
Three Months Ended June 30, 2020
Unrealized change arising during period	$	157	$	12,864	$	(59)	$	1	$	(2)	$	12,961
Less: Reclassification adjustments
included in net income		(3)		152		-		(11)		-		138
Total other comprehensive income (loss),
before income tax expense		160		12,712		(59)		12		(2)		12,823
Less: Income tax expense		34		2,630		2		3		-		2,669
Total other comprehensive income (loss),
net of income tax expense	$	126	$	10,082	$	(61)	$	9	$	(2)	$	10,154
Six Months Ended June 30, 2020
Unrealized change arising during period	$	(297)	$	6,156	$	(128)	$	(6)	$	1	$	5,726
Less: Reclassification adjustments
included in net income		(3)		366		-		(21)		-		342
Total other comprehensive income (loss),
before income tax expense (benefit)		(294)		5,790		(128)		15		1		5,384
Less: Income tax expense (benefit)		(61)		1,250		18		13		-		1,220
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	(233)	$	4,540	$	(146)	$	2	$	1	$	4,164
		Unrealized Appreciation								Fair Value of
		(Depreciation) of Fixed		Unrealized						Liabilities Under
		Maturity Securities on		Appreciation		Foreign		Retirement		Fair Value Option
		Which Other-Than-		(Depreciation)		Currency		Plan		Attributable to
		Temporary Credit		of All Other		Translation		Liabilities		Changes in
(in millions)		Impairments Were Taken		Investments		Adjustments		Adjustment		Own Credit Risk		Total
Three Months Ended June 30, 2019
Unrealized change arising during period	$	85	$	3,854	$	(133)	$	5	$	(2)	$	3,809
Less: Reclassification adjustments
included in net income		(4)		91		-		(10)		-		77
Total other comprehensive income (loss),
before income tax expense (benefit)		89		3,763		(133)		15		(2)		3,732
Less: Income tax expense (benefit)		7		849		(4)		7		-		859
Total other comprehensive income (loss),
net of income tax expense (benefit)	$	82	$	2,914	$	(129)	$	8	$	(2)	$	2,873
Six Months Ended June 30, 2019
Unrealized change arising during period	$	926	$	6,963	$	55	$	-	$	(2)	$	7,942
Less: Reclassification adjustments
included in net income		(4)		60		-		(15)		-		41
Total other comprehensive income (loss),
before income tax expense		930		6,903		55		15		(2)		7,901
Less: Income tax expense		172		1,281		20		8		-		1,481
Total other comprehensive income (loss),
net of income tax expense	$	758	$	5,622	$	35	$	7	$	(2)	$	6,420

Schedule of effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Consolidated Statements of Income

	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Condensed Consolidated Statements of Income
	Three Months Ended June 30,
(in millions)		2020		2019
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken
Investments		$	(3)	$	-		Other realized capital gains
Total			(3)		-
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken
Investments			-		(4)		Other realized capital gains
Total			-		(4)
Unrealized appreciation (depreciation) of all other investments
Investments			152		91		Other realized capital gains
Total			152		91
Change in retirement plan liabilities adjustment
Prior-service credit			(1)		-		*
Actuarial losses			(10)		(10)		*
Total			(11)		(10)
Total reclassifications for the period		$	138	$	77
	Amount Reclassified from Accumulated Other Comprehensive Income					Affected Line Item in the Condensed Consolidated Statements of Income
	Six Months Ended June 30,
(in millions)		2020		2019
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken
Investments		$	(3)	$	-		Other realized capital gains
Total			(3)		-
Unrealized appreciation (depreciation) of fixed maturity securities on which other-than-temporary credit impairments were taken
Investments			-		(4)		Other realized capital gains
Total			-		(4)
Unrealized appreciation (depreciation) of all other investments
Investments			366		60		Other realized capital gains
Total			366		60
Change in retirement plan liabilities adjustment
Prior-service credit			(1)		-		*
Actuarial losses			(20)		(15)		*
Total			(21)		(15)
Total reclassifications for the period		$	342	$	41

*These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. For additional information see Note 14 herein.

Preferred Stock

Class of Stock [Line Items]

Dividends Paid

			Dividends Paid
Declaration Date	Record Date	Payment Date		Per Preferred Share		Per Depositary Share
May 4, 2020	May 29, 2020	June 15, 2020	$	365.625	$	0.365625
February 12, 2020	February 28, 2020	March 16, 2020		365.625		0.365625
May 21, 2019	May 31, 2019	June 17, 2019	$	369.6875	$	0.3696875