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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Fixed maturity securities:    
Bonds available for sale, at fair value, net of allowance for credit losses of $186 in 2020 (amortized cost: 2020 - $244,337; 2019 - $233,230) [1] $ 271,496,000,000 $ 251,086,000,000
Other bond securities, at fair value (See Note 6) [1] 5,291,000,000 6,682,000,000
Equity Securities, at fair value (See Note 6) [1] 1,056,000,000 841,000,000
Mortgage and other loans receivable, net of allowance for credit losses of $814 in 2020 and $438 in 2019 [1] 45,562,000,000 46,984,000,000
Other invested assets (portion measured at fair value: 2020 - $8,422; 2019 - $6,827) [1] 19,060,000,000 18,792,000,000
Short-term investments, including restricted cash of $180 in 2020 and $188 in 2019 (portion measured at fair value: 2020 - $5,968; 2019 - $5,343) [1] 18,203,000,000 13,230,000,000
Total investments 360,668,000,000 337,615,000,000
Cash [1] 2,827,000,000 2,856,000,000
Accrued investment income [1] 2,271,000,000 2,334,000,000
Premiums and other receivables, net of allowance for credit losses and disputes of $205 in 2020 and $178 in 2019 11,333,000,000 10,274,000,000
Reinsurance assets, net of allowance for credit losses and disputes 38,963,000,000 37,977,000,000
Deferred income taxes 12,624,000,000 13,146,000,000
Deferred policy acquisition costs 9,805,000,000 11,207,000,000
Other assets, net of allowance for credit losses of $49 in 2020, including restricted cash of $223 in 2020 and $243 in 2019 (portion measured at fair value: 2020 - $887; 2019 - $3,151) [1] 13,122,000,000 16,383,000,000
Separate account assets, at fair value 100,290,000,000 93,272,000,000
Total assets 586,481,000,000 525,064,000,000
Liabilities:    
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2020 77,720,000,000 78,328,000,000
Unearned premiums 18,660,000,000 18,269,000,000
Future policy benefits for life and accident and health insurance contracts 51,097,000,000 50,512,000,000
Policyholder contract deposits (portion measured at fair value: 2020 - $9,798; 2019 - $6,910) 160,251,000,000 151,869,000,000
Other policyholder funds 3,548,000,000 3,428,000,000
Fortitude Re funds withheld payable (portion measured at fair value: 2020 - $6,042) 43,060,000,000 0
Other liabilities (portion measured at fair value: 2020 - $570; 2019 - $1,100) [1] 27,122,000,000 26,609,000,000
Long-term debt [1] 37,534,000,000 35,350,000,000
Separate account liabilities 100,290,000,000 93,272,000,000
Total liabilities 519,282,000,000 457,637,000,000
Contingencies, commitments and guarantees (see Note 16)
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 $500 485,000,000 485,000,000
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 4,766,000,000 4,766,000,000
Treasury stock, at cost; 2020 - 1,045,113,443 shares; 2019 - 1,036,672,461 shares of common stock (49,322,000,000) (48,987,000,000)
Additional paid-in capital 81,418,000,000 81,345,000,000
Retained earnings 15,504,000,000 23,084,000,000
Accumulated other comprehensive income 13,511,000,000 4,982,000,000
Total AIG shareholders' equity 66,362,000,000 65,675,000,000
Non-redeemable noncontrolling interests 837,000,000 1,752,000,000
Total equity 67,199,000,000 67,427,000,000
Total liabilities and equity 586,481,000,000 525,064,000,000
Fortitude    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 34,578,000,000 0
American International Group, Inc.    
Liabilities:    
Long-term debt 28,103,000,000 25,479,000,000
Debt of consolidated investments    
Liabilities:    
Long-term debt [1] $ 9,431,000,000 $ 9,871,000,000
[1] See Note 10 for details of balances associated with variable interest entities.