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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Fixed maturity securities:    
Bonds available for sale, at fair value, net of allowance for credit losses of $191 in 2022 and $98 in 2021 (amortized cost: 2022 - $259,480; 2021 - $259,210) [1] $ 257,219 $ 277,202
Other bond securities, at fair value (See Note 5) [1] 6,582 6,278
Equity Securities, at fair value (See Note 5) [1] 695 739
Mortgage and other loans receivable, net of allowance for credit losses of $617 in 2022 and $629 in 2021 [1] 47,470 46,048
Other invested assets (portion measured at fair value: 2022 - $11,687; 2021 - $10,504) [1] 16,186 15,668
Short-term investments, including restricted cash of $152 in 2022 and $197 in 2021 (portion measured at fair value: 2022 - $3,430; 2021 - $4,426) [1] 9,718 13,357
Total investments 337,870 359,292
Cash [1] 2,537 2,198
Accrued investment income [1] 2,272 2,239
Premiums and other receivables, net of allowance for credit losses and disputes of $184 in 2022 and $185 in 2021 14,827 12,409
Deferred income taxes 13,435 11,714
Deferred policy acquisition costs 12,915 10,514
Other assets, net of allowance for credit losses of $49 in 2022 and $49 in 2021, including restricted cash of $40 in 2022 and $32 in 2021 (portion measured at fair value: 2022 - $764; 2021 - $957) [1] 13,205 14,351
Separate account assets, at fair value 100,850 109,111
Total assets 573,513 596,112
Liabilities:    
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2022 and $14 in 2021 78,183 79,026
Unearned premiums 21,764 19,313
Future policy benefits for life and accident and health insurance contracts 58,650 59,950
Policyholder contract deposits (portion measured at fair value: 2022 - $8,080; 2021 - $9,736) 156,476 156,686
Other policyholder funds 3,768 3,476
Fortitude Re funds withheld payable (portion measured at fair value: 2022 - $2,206; 2021 - $5,922) 36,481 40,771
Other liabilities (portion measured at fair value: 2022 - $396; 2021 - $586) [1] 29,300 28,704
Separate account liabilities 100,850 109,111
Total liabilities 515,410 527,200
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: 2022 - 20,000 and 2021 - 20,000; liquidation preference $500 485 485
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2022 - 1,906,671,492 and 2021 - 1,906,671,492 4,766 4,766
Treasury stock, at cost; 2022 - 1,106,447,402 shares; 2021 - 1,087,984,129 shares of common stock (52,791) (51,618)
Additional paid-in capital 81,620 81,851
Retained earnings 27,764 23,785
Accumulated other comprehensive income (loss) (5,900) 6,687
Total AIG shareholders' equity 55,944 65,956
Non-redeemable noncontrolling interests 2,159 2,956
Total equity 58,103 68,912
Total liabilities and equity 573,513 596,112
Excluding Fortitude    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 42,326 40,919
Fortitude    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 33,276 33,365
American International Group, Inc.    
Liabilities:    
Long-term debt 23,572 23,741
Debt of consolidated investments    
Liabilities:    
Long-term debt [1] $ 6,366 $ 6,422
[1] See Note 8 for details of balances associated with variable interest entities.