INCOME TAXES (Details - Components of the net deferred tax assets (liabilities) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Losses and tax credit carryforwards	$ 9,257	$ 10,541
Basis differences on investments	4,911	2,673
Life policy reserves	2,396	1,766
Accruals not currently deductible, and other	632	743
Investments in foreign subsidiaries	146	148
Loss reserve discount	423	471
Loan loss and other reserves	560	58
Unearned premium reserve reduction	326	382
Fixed assets and intangible assets	1,077	963
Other	0	319
Employee benefits	567	617
Total deferred tax assets	20,295	18,681
Deferred tax liabilities:
Deferred policy acquisition costs	(2,026)	(2,200)
Unrealized gains related to available for sale debt securities	(4,328)	(2,123)
Other	(221)	0
Total deferred tax liabilities	(6,575)	(4,323)
Net deferred tax assets before valuation allowance	13,720	14,358
Valuation allowance	(1,330)	(1,427)
Net deferred tax assets (liabilities)	$ 12,390	$ 12,931

The tax effect as of the balance sheet date of the amount of accruals and other expenses not currently deductible.

No definition available.

Name:	aig_DeferredTaxAssetsAccrualsNotCurrentlyDeductibleAndOther
Namespace Prefix:	aig_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

Represents the unclassified net amount of deferred tax assets before valuation allowance and liabilities as of the balance sheet date, which result from applying the applicable enacted tax rate to net temporary differences and carryforwards pertaining to assets or liabilities. A temporary difference is a difference between the tax basis of an asset or liability and its carrying amount in the financial statements prepared in accordance with generally accepted accounting principles that will reverse in ensuing periods.

+ References

No definition available.