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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Fixed maturity securities:    
Bonds available for sale, at fair value, net of allowance for credit losses of $66 in 2021 and $186 in 2020 (amortized cost: 2021 - $254,925; 2020 - $244,337) [1] $ 274,341 $ 271,496
Other bond securities, at fair value (See Note 5) [1] 4,651 5,291
Equity Securities, at fair value (See Note 5) [1] 1,035 1,056
Mortgage and other loans receivable, net of allowance for credit losses of $641 in 2021 and $814 in 2020 [1] 45,821 45,562
Other invested assets (portion measured at fair value: 2021 - $10.037; 2020 - $8,422) [1] 15,977 19,060
Short-term investments, including restricted cash of $77 in 2021 and $180 in 2020 (portion measured at fair value: 2021 - $5,640; 2020 - $5,968) [1] 13,771 18,203
Total investments 355,596 360,668
Cash [1] 2,699 2,827
Accrued investment income [1] 2,312 2,271
Premiums and other receivables, net of allowance for credit losses and disputes of $194 in 2021 and $205 in 2020 13,593 11,333
Deferred income taxes 12,385 12,624
Deferred policy acquisition costs 10,607 9,805
Other assets, net of allowance for credit losses of $49 in 2021 and $49 in 2020, including restricted cash of $58 in 2021 and $223 in 2020 (portion measured at fair value: 2021 - $998; 2020 - $887) [1] 17,429 13,122
Separate account assets, at fair value 105,423 100,290
Total assets 594,800 586,481
Liabilities:    
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2021 and $14 in 2020 79,274 77,720
Unearned premiums 21,245 18,660
Future policy benefits for life and accident and health insurance contracts 57,777 56,878
Policyholder contract deposits (portion measured at fair value: 2021 - $9.273; 2020 - $9,798) 156,623 154,470
Other policyholder funds 3,542 3,548
Fortitude Re funds withheld payable (portion measured at fair value: 2021 - $5,443; 2020 - $6,042) 40,888 43,060
Other liabilities (portion measured at fair value: 2021 - $703; 2020 - $570) [1] 32,819 27,122
Separate account liabilities 105,423 100,290
Total liabilities 529,141 519,282
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: 2021 - 20,000 and 2020 - 20,000; liquidation preference $500 485 485
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2021 - 1,906,671,492 and 2020 - 1,906,671,492 4,766 4,766
Treasury stock, at cost; 2021 - 1,070,875,441 shares; 2020 - 1,045,113,443 shares of common stock (50,641) (49,322)
Additional paid-in capital 81,327 81,418
Retained earnings 20,320 15,504
Accumulated other comprehensive income 8,606 13,511
Total AIG shareholders' equity 64,863 66,362
Non-redeemable noncontrolling interests 796 837
Total equity 65,659 67,199
Total liabilities and equity 594,800 586,481
Excluding Fortitude    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 41,062 38,963
Fortitude    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 33,694 34,578
American International Group, Inc.    
Liabilities:    
Long-term debt 24,582 28,103
Debt of consolidated investments    
Liabilities:    
Long-term debt [1] $ 6,968 $ 9,431
[1] See Note 8 for details of balances associated with variable interest entities.