10-Q
Quarterly Report
American International Group, Inc.
AIG 67EU
NYSE
CIK: 5272
File #: 1-8787
Balance Sheet
305 line items · 2 periods
XBRL
| Item | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|
Assets: | ||
Investments: | ||
Fixed maturity securities: | ||
Bonds available for sale, at fair value, net of allowance for credit losses of $125 in 2024 and $162 in 2023 (amortized cost: 2024 - $255,067; 2023 - $253,035) | 232,487,000,000 | 231,733,000,000 |
Level 1 - Recurring Basis - U.S. government and government sponsored entities | 25,000,000 | 35,000,000 |
Level 2 - Recurring Basis - U.S. government and government sponsored entities | 5,764,000,000 | 5,581,000,000 |
Level 3 - Recurring Basis - U.S. government and government sponsored entities | 0 | 0 |
Levels 1, 2 and 3 - Recurring Basis - U.S. government and government sponsored entities | 5,789,000,000 | 5,616,000,000 |
Level 1 - Recurring Basis - Obligations of states, municipalities and political subdivisions | 0 | 0 |
Level 2 - Recurring Basis - Obligations of states, municipalities and political subdivisions | 9,260,000,000 | 9,816,000,000 |
Level 3 - Recurring Basis - Obligations of states, municipalities and political subdivisions | 833,000,000 | 847,000,000 |
Levels 1, 2 and 3 - Recurring Basis - Obligations of states, municipalities and political subdivisions | 10,093,000,000 | 10,663,000,000 |
Level 1 - Recurring Basis - Non-U.S. governments | 163,000,000 | 233,000,000 |
Level 2 - Recurring Basis - Non-U.S. governments | 11,798,000,000 | 12,213,000,000 |
Level 3 - Recurring Basis - Non-U.S. governments | 7,000,000 | 7,000,000 |
Levels 1, 2 and 3 - Recurring Basis - Non-U.S. governments | 11,968,000,000 | 12,453,000,000 |
Level 1 - Recurring Basis - Corporate debt | 0 | 0 |
Level 2 - Recurring Basis - Corporate debt | 133,861,000,000 | 136,753,000,000 |
Level 3 - Recurring Basis - Corporate debt | 1,957,000,000 | 1,679,000,000 |
Levels 1, 2 and 3 - Recurring Basis - Corporate debt | 135,818,000,000 | 138,432,000,000 |
Level 1 - Recurring Basis - RMBS | 0 | 0 |
Level 2 - Recurring Basis - RMBS | 13,308,000,000 | 12,804,000,000 |
Level 3 - Recurring Basis - RMBS | 8,113,000,000 | 7,640,000,000 |
Levels 1, 2 and 3 - Recurring Basis - RMBS | 21,421,000,000 | 20,444,000,000 |
Level 1 - Recurring Basis - CMBS | 0 | 0 |
Level 2 - Recurring Basis - CMBS | 13,898,000,000 | 13,495,000,000 |
Level 3 - Recurring Basis - CMBS | 590,000,000 | 633,000,000 |
Levels 1, 2 and 3 - Recurring Basis - CMBS | 14,488,000,000 | 14,128,000,000 |
Level 1 - Recurring Basis - CLO/ABS | 0 | 0 |
Level 2 - Recurring Basis - CLO/ABS | 14,864,000,000 | 13,959,000,000 |
Level 3 - Recurring Basis - CLO/ABS | 18,046,000,000 | 16,038,000,000 |
Levels 1, 2 and 3 - Recurring Basis - CLO/ABS | 32,910,000,000 | 29,997,000,000 |
Level 1 - Recurring Basis | 188,000,000 | 268,000,000 |
Level 2 - Recurring Basis | 202,753,000,000 | 204,621,000,000 |
Level 3 - Recurring Basis | 29,546,000,000 | 26,844,000,000 |
Levels 1, 2 and 3 - Recurring Basis | 232,487,000,000 | 231,733,000,000 |
Level 3 - Obligations of states, municipalities and political subdivisions | 809,000,000 | 824,000,000 |
Level 3 - Corporate debt | 1,945,000,000 | 1,803,000,000 |
Level 3 - RMBS | 4,672,000,000 | 4,656,000,000 |
Level 3 - CLO/ABS | 16,371,000,000 | 14,242,000,000 |
Level 3 - CMBS | 547,000,000 | 587,000,000 |
Level 3 - Market risk benefit assets | 1,172,000,000 | 912,000,000 |
U.S. government and government sponsored entities | 5,789,000,000 | 5,616,000,000 |
Obligations of states, municipalities and political subdivisions | 10,093,000,000 | 10,663,000,000 |
Non-U.S. governments | 11,968,000,000 | 12,453,000,000 |
Corporate debt | 135,818,000,000 | 138,432,000,000 |
RMBS | 21,421,000,000 | 20,444,000,000 |
CMBS | 14,488,000,000 | 14,128,000,000 |
CLO/ABS | 32,910,000,000 | 29,997,000,000 |
Mortgage-backed, asset-backed and collateralized | 68,819,000,000 | 64,569,000,000 |
Non-Investment Grade | 16,900,000,000 | 17,100,000,000 |
Fortitude Holdings - Carrying Value | 16,726,000,000 | 17,384,000,000 |
Fortitude Holdings - Estimated Fair Value | 16,726,000,000 | 17,384,000,000 |
Consolidated VIE - Real Estate and Investment Entities | 39,000,000 | 36,000,000 |
Consolidated VIE - Securitization Vehicles | 154,000,000 | 148,000,000 |
Consolidated VIE | 193,000,000 | 184,000,000 |
Other bond securities, at fair value (See Note 6) | 5,403,000,000 | 5,241,000,000 |
Level 1 - Recurring Basis - Obligations of states, municipalities and political subdivisions | 0 | 0 |
Level 2 - Recurring Basis - Obligations of states, municipalities and political subdivisions | 89,000,000 | 90,000,000 |
Level 3 - Recurring Basis - Obligations of states, municipalities and political subdivisions | 1,000,000 | 1,000,000 |
Levels 1, 2 and 3 - Recurring Basis - Obligations of states, municipalities and political subdivisions | 90,000,000 | 91,000,000 |
Level 1 - Recurring Basis - Non-U.S. governments | 0 | 0 |
Level 2 - Recurring Basis - Non-U.S. governments | 39,000,000 | 37,000,000 |
Level 3 - Recurring Basis - Non-U.S. governments | 0 | 0 |
Levels 1, 2 and 3 - Recurring Basis - Non-U.S. governments | 39,000,000 | 37,000,000 |
Level 1 - Recurring Basis - Corporate debt | 0 | 0 |
Level 2 - Recurring Basis - Corporate debt | 2,775,000,000 | 2,697,000,000 |
Level 3 - Recurring Basis - Corporate debt | 222,000,000 | 211,000,000 |
Levels 1, 2 and 3 - Recurring Basis - Corporate debt | 2,997,000,000 | 2,908,000,000 |
Level 1 - Recurring Basis - RMBS | 0 | 0 |
Level 2 - Recurring Basis - RMBS | 113,000,000 | 105,000,000 |
Level 3 - Recurring Basis - RMBS | 160,000,000 | 158,000,000 |
Levels 1, 2 and 3 - Recurring Basis - RMBS | 273,000,000 | 263,000,000 |
Level 1 - Recurring Basis - CMBS | 0 | 0 |
Level 2 - Recurring Basis - CMBS | 266,000,000 | 244,000,000 |
Level 3 - Recurring Basis - CMBS | 17,000,000 | 17,000,000 |
Levels 1, 2 and 3 - Recurring Basis - CMBS | 283,000,000 | 261,000,000 |
Level 1 - Recurring Basis - CLO/ABS | 0 | 0 |
Level 2 - Recurring Basis - CLO/ABS | 560,000,000 | 512,000,000 |
Level 3 - Recurring Basis - CLO/ABS | 1,161,000,000 | 1,169,000,000 |
Levels 1, 2 and 3 - Recurring Basis - CLO/ABS | 1,721,000,000 | 1,681,000,000 |
Level 1 - Recurring Basis | 0 | 0 |
Level 2 - Recurring Basis | 3,842,000,000 | 3,685,000,000 |
Level 3 - Recurring Basis | 1,561,000,000 | 1,556,000,000 |
Levels 1, 2 and 3 - Recurring Basis | 5,403,000,000 | 5,241,000,000 |
Obligations of states, municipalities and political subdivisions - Available for sale fixed maturity securities, including short-term investments | 90,000,000 | 91,000,000 |
Non-U.S. governments - Available for sale fixed maturity securities, including short-term investments | 39,000,000 | 37,000,000 |
Corporate debt - Available for sale fixed maturity securities, including short-term investments | 2,997,000,000 | 2,908,000,000 |
RMBS - Available for sale fixed maturity securities, including short-term investments | 273,000,000 | 263,000,000 |
CMBS - Available for sale fixed maturity securities, including short-term investments | 283,000,000 | 261,000,000 |
CLO/ABS - Available for sale fixed maturity securities, including short-term investments | 1,721,000,000 | 1,681,000,000 |
Mortgage-backed, asset-backed and collateralized - Available for sale fixed maturity securities, including short-term investments | 2,277,000,000 | 2,205,000,000 |
Available for sale fixed maturity securities, including short-term investments | 5,403,000,000 | 5,241,000,000 |
Fortitude Holdings - Carrying Value | 5,035,000,000 | 4,867,000,000 |
Fortitude Holdings - Estimated Fair Value | 5,035,000,000 | 4,867,000,000 |
Consolidated VIE - Real Estate and Investment Entities | 46,000,000 | 45,000,000 |
Consolidated VIE - Securitization Vehicles | 0 | 0 |
Consolidated VIE | 46,000,000 | 45,000,000 |
Equity securities, at fair value (See Note 6) | 797,000,000 | 728,000,000 |
Level 1 - Recurring Basis | 727,000,000 | 632,000,000 |
Level 2 - Recurring Basis | 12,000,000 | 40,000,000 |
Level 3 - Recurring Basis | 58,000,000 | 56,000,000 |
Levels 1, 2 and 3 - Recurring Basis | 797,000,000 | 728,000,000 |
Equity securities | 797,000,000 | 728,000,000 |
Consolidated VIE - Real Estate and Investment Entities | 19,000,000 | 8,000,000 |
Consolidated VIE - Securitization Vehicles | 0 | 0 |
Consolidated VIE | 19,000,000 | 8,000,000 |
Mortgage and other loans receivable, net of allowance for credit losses of $38,501 in 2024 and $38,473 in 2023 | 52,475,000,000 | 51,553,000,000 |
Level 1 - Estimated Fair Value | 0 | 0 |
Level 2 - Estimated Fair Value | 322,000,000 | 272,000,000 |
Level 3 - Estimated Fair Value | 48,810,000,000 | 48,264,000,000 |
Estimated Fair Value | 49,132,000,000 | 48,536,000,000 |
Carrying Value | 52,475,000,000 | 51,553,000,000 |
Excluding AIGFP Operating | 52,475,000,000 | 51,553,000,000 |
Consolidated VIE - Real Estate and Investment Entities | 0 | 0 |
Consolidated VIE - Securitization Vehicles | 1,993,000,000 | 2,063,000,000 |
Consolidated VIE | 1,993,000,000 | 2,063,000,000 |
Other invested assets (portion measured at fair value: 2024 - $11,510; 2023 - $11,733) | 15,977,000,000 | 16,217,000,000 |
Recurring Basis | 11,510,000,000 | 11,733,000,000 |
Private equity funds | 10,500,000,000 | 10,600,000,000 |
Level 1 - Fair value on a non-recurring basis | 0 | 0 |
Level 2 - Fair value on a non-recurring basis | 0 | 0 |
Level 3 - Fair value on a non-recurring basis | 98,000,000 | 80,000,000 |
Fair value on a non-recurring basis | 98,000,000 | 80,000,000 |
Level 1 - Estimated Fair Value | 0 | 0 |
Level 2 - Estimated Fair Value | 896,000,000 | 913,000,000 |
Level 3 - Estimated Fair Value | 6,000,000 | 6,000,000 |
Estimated Fair Value | 902,000,000 | 919,000,000 |
Carrying Value | 902,000,000 | 919,000,000 |
Hedge Funds | 700,000,000 | 700,000,000 |
Fortitude Re Funds Withheld Assets | 156,000,000 | 156,000,000 |
DaVinciRe Holdings Ltd | 300,000,000 | 300,000,000 |
Consolidated VIE - Real Estate and Investment Entities - Alternative investments | 2,536,000,000 | 2,695,000,000 |
Consolidated VIE - Securitization Vehicles - Alternative investments | 0 | 0 |
Consolidated VIE - Alternative investments | 2,536,000,000 | 2,695,000,000 |
Consolidated VIE - Real Estate and Investment Entities - Investment real estate | 1,413,000,000 | 1,488,000,000 |
Consolidated VIE - Securitization Vehicles - Investment real estate | 0 | 0 |
Consolidated VIE - Investment real estate | 1,413,000,000 | 1,488,000,000 |
Unconsolidated VIE | 9,200,000,000 | 9,100,000,000 |
Short-term investments, including restricted cash of $4 in 2024 and $4 in 2023 (portion measured at fair value: 2024 - $8,487; 2023 - $10,772) | 15,077,000,000 | 17,200,000,000 |
Recurring Basis | 8,487,000,000 | 10,772,000,000 |
Level 1 - Recurring Basis | 2,969,000,000 | 2,635,000,000 |
Level 2 - Recurring Basis | 5,518,000,000 | 8,137,000,000 |
Level 3 - Recurring Basis | 0 | 0 |
Levels 1, 2 and 3 - Recurring Basis | 8,487,000,000 | 10,772,000,000 |
Level 1 - Estimated Fair Value | 0 | 0 |
Level 2 - Estimated Fair Value | 6,590,000,000 | 6,428,000,000 |
Level 3 - Estimated Fair Value | 0 | 0 |
Estimated Fair Value | 6,590,000,000 | 6,428,000,000 |
Carrying Value | 6,590,000,000 | 6,428,000,000 |
Assets held-for-sale - Carrying Value | 25,000,000 | 11,000,000 |
Fortitude Holdings - Carrying Value | 178,000,000 | 176,000,000 |
Fortitude Holdings - Estimated Fair Value | 178,000,000 | 176,000,000 |
Consolidated VIE - Real Estate and Investment Entities | 157,000,000 | 125,000,000 |
Consolidated VIE - Securitization Vehicles | 4,000,000 | 10,000,000 |
Consolidated VIE | 161,000,000 | 135,000,000 |
Total investments | 322,216,000,000 | 322,672,000,000 |
Cash | 1,816,000,000 | 2,155,000,000 |
Level 1 - Estimated Fair Value | 1,816,000,000 | 2,155,000,000 |
Level 2 - Estimated Fair Value | 0 | 0 |
Level 3 - Estimated Fair Value | 0 | 0 |
Estimated Fair Value | 1,816,000,000 | 2,155,000,000 |
Carrying Value | 1,816,000,000 | 2,155,000,000 |
Assets held-for-sale - Carrying Value | 1,000,000 | 3,000,000 |
Consolidated VIE - Real Estate and Investment Entities | 54,000,000 | 61,000,000 |
Consolidated VIE - Securitization Vehicles | 0 | 0 |
Consolidated VIE | 54,000,000 | 61,000,000 |
Accrued investment income | 2,698,000,000 | 2,588,000,000 |
Consolidated VIE - Real Estate and Investment Entities | 2,000,000 | 2,000,000 |
Consolidated VIE - Securitization Vehicles | 6,000,000 | 7,000,000 |
Consolidated VIE | 8,000,000 | 9,000,000 |
Premiums and other receivables, net of allowance for credit losses and disputes of $134 in 2024 and $139 in 2023 | 11,293,000,000 | 10,561,000,000 |
Fortitude RE | 29,732,000,000 | 30,612,000,000 |
Excluding Fortitude | 38,833,000,000 | 36,914,000,000 |
Deferred income taxes | 14,376,000,000 | 14,445,000,000 |
Deferred policy acquisition costs | 12,111,000,000 | 12,085,000,000 |
Market risk benefit assets, at fair value | 1,172,000,000 | 912,000,000 |
Recurring Basis | 1,172,000,000 | 912,000,000 |
Level 1 - Recurring Basis | 0 | 0 |
Level 2 - Recurring Basis | 0 | 0 |
Level 3 - Recurring Basis | 1,172,000,000 | 912,000,000 |
Other assets, net of allowance for credit losses of $49 in 2024 and $49 in 2023, including restricted cash of $43 in 2024 and $45 in 2023 (portion measured at fair value: 2024 - $705; 2023 - $754) | 12,313,000,000 | 13,089,000,000 |
Recurring Basis | 705,000,000 | 754,000,000 |
Level 1 - Estimated Fair Value | 43,000,000 | 45,000,000 |
Level 2 - Estimated Fair Value | 0 | 0 |
Level 3 - Estimated Fair Value | 0 | 0 |
Estimated Fair Value | 43,000,000 | 45,000,000 |
Carrying Value | 43,000,000 | 45,000,000 |
Fortitude Holdings - Carrying Value | 675,000,000 | 758,000,000 |
Consolidated VIE - Real Estate and Investment Entities | 80,000,000 | 94,000,000 |
Consolidated VIE - Securitization Vehicles | 9,000,000 | 2,000,000 |
Consolidated VIE | 89,000,000 | 96,000,000 |
Separate account assets, at fair value | 95,173,000,000 | 91,005,000,000 |
Level 1 - Recurring Basis | 91,859,000,000 | 87,814,000,000 |
Level 2 - Recurring Basis | 3,314,000,000 | 3,191,000,000 |
Level 3 - Recurring Basis | 0 | 0 |
Levels 1, 2 and 3 - Recurring Basis | 95,173,000,000 | 91,005,000,000 |
Assets held for sale | 2,388,000,000 | 2,268,000,000 |
Assets held-for-sale - AIG Life | 2,170,000,000 | 2,143,000,000 |
Assets held-for-sale - Other | 218,000,000 | 125,000,000 |
Assets held-for-sale | 2,388,000,000 | 2,268,000,000 |
Total assets | 544,121,000,000 | 539,306,000,000 |
Fortitude Holdings - Carrying Value | 28,930,000,000 | 29,575,000,000 |
Consolidated VIE - Real Estate and Investment Entities | 4,346,000,000 | 4,554,000,000 |
Consolidated VIE - Securitization Vehicles | 2,166,000,000 | 2,230,000,000 |
Consolidated VIE | 6,512,000,000 | 6,784,000,000 |
Unconsolidated VIE - Real Estate and Investment Entities | 9,226,000,000 | 9,125,000,000 |
Unconsolidated VIE - Other Investment Companies | 58,000,000 | 58,000,000 |
Unconsolidated VIE | 9,284,000,000 | 9,183,000,000 |
Liabilities: | ||
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2024 and $14 in 2023 | 70,060,000,000 | 70,393,000,000 |
Unearned premiums | 17,831,000,000 | 17,387,000,000 |
Future policy benefits for life and accident and health insurance contracts | 58,985,000,000 | 58,576,000,000 |
Reportable Segments - Universal Life - Life and Retirement - Life Insurance | 3,917,000,000 | 3,731,000,000 |
Other Operations before consolidation and eliminations - Universal Life | 55,000,000 | 55,000,000 |
Universal Life | 3,972,000,000 | 3,786,000,000 |
Policyholder contract deposits (portion measured at fair value: 2024 - $8,613; 2023 - $7,997) | 163,698,000,000 | 161,979,000,000 |
Recurring Basis | 8,613,000,000 | 7,997,000,000 |
Level 1 - Recurring Basis | 0 | 0 |
Level 2 - Recurring Basis | 63,000,000 | 55,000,000 |
Level 3 - Recurring Basis | 8,550,000,000 | 7,942,000,000 |
Levels 1, 2 and 3 - Recurring Basis | 8,613,000,000 | 7,997,000,000 |
Level 3 | 1,700,000,000 | 1,500,000,000 |
Life and Retirement | 163,698,000,000 | — |
Life and Retirement - Individual Retirement | 95,063,000,000 | — |
Life and Retirement - Group Retirement | 40,703,000,000 | — |
Life and Retirement - Life Insurance | 10,375,000,000 | — |
Life and Retirement - Institutional Markets | 14,370,000,000 | — |
Life and Retirement - Other | 3,187,000,000 | — |
Market risk benefit liabilities, at fair value | 5,167,000,000 | 5,705,000,000 |
Recurring Basis | 5,167,000,000 | 5,705,000,000 |
Level 1 - Recurring Basis | 0 | 0 |
Level 2 - Recurring Basis | 0 | 0 |
Level 3 - Recurring Basis | 5,167,000,000 | 5,705,000,000 |
Other policyholder funds | 3,315,000,000 | 3,356,000,000 |
Fortitude Re funds withheld payable (portion measured at fair value: 2024 - $(1,364); 2023 - $(1,226)) | 28,789,000,000 | 29,484,000,000 |
Recurring Basis | 1,364,000,000 | 1,226,000,000 |
Level 1 - Estimated Fair Value | 0 | 0 |
Level 2 - Estimated Fair Value | 0 | 0 |
Level 3 - Estimated Fair Value | 30,153,000,000 | 30,710,000,000 |
Estimated Fair Value | 30,153,000,000 | 30,710,000,000 |
Carrying Value | 30,153,000,000 | 30,710,000,000 |
Level 1 - Recurring Basis | — | 0 |
Level 2 - Recurring Basis | — | 0 |
Level 3 - Recurring Basis | — | 1,226,000,000 |
Levels 1, 2 and 3 - Recurring Basis | — | 1,226,000,000 |
Other liabilities (portion measured at fair value: 2024 - $493; 2023 - $624) | 28,245,000,000 | 25,958,000,000 |
Level 1 - Estimated Fair Value | 0 | 0 |
Level 2 - Estimated Fair Value | 3,585,000,000 | 2,467,000,000 |
Level 3 - Estimated Fair Value | 0 | 0 |
Estimated Fair Value | 3,585,000,000 | 2,467,000,000 |
Carrying Value | 3,585,000,000 | 2,467,000,000 |
Assets held-for-sale - Carrying Value | 52,000,000 | 45,000,000 |
Consolidated VIE - Real Estate and Investment Entities | 70,000,000 | 82,000,000 |
Consolidated VIE - Securitization Vehicles | 33,000,000 | 1,000,000 |
Consolidated VIE | 103,000,000 | 83,000,000 |
Consolidated Entities, Excluding Consolidated Investments | 19,318,000,000 | 19,796,000,000 |
Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary | 2,617,000,000 | 2,591,000,000 |
Consolidated Entities, Excluding Consolidated Investments - Level 1 - Estimated Fair Value | 0 | 0 |
Consolidated Entities, Excluding Consolidated Investments - Level 2 - Estimated Fair Value | 17,928,000,000 | 18,595,000,000 |
Consolidated Entities, Excluding Consolidated Investments - Level 3 - Estimated Fair Value | 249,000,000 | 267,000,000 |
Consolidated Entities, Excluding Consolidated Investments - Estimated Fair Value | 18,177,000,000 | 18,862,000,000 |
Consolidated Entities, Excluding Consolidated Investments - Carrying Value | 19,250,000,000 | 19,743,000,000 |
Consolidated VIE - Real Estate and Investment Entities | 1,019,000,000 | 1,094,000,000 |
Consolidated VIE - Securitization Vehicles | 1,114,000,000 | 1,106,000,000 |
Consolidated VIE | 2,133,000,000 | 2,200,000,000 |
Separate account liabilities | 95,173,000,000 | 91,005,000,000 |
Life and Retirement | 95,173,000,000 | 91,005,000,000 |
Life and Retirement - Individual Retirement | 49,938,000,000 | 47,893,000,000 |
Life and Retirement - Group Retirement | 40,065,000,000 | 38,188,000,000 |
Life and Retirement - Life Insurance | 1,016,000,000 | 932,000,000 |
Life and Retirement - Institutional Markets | 4,154,000,000 | 3,992,000,000 |
Liabilities held for sale | 1,813,000,000 | 1,775,000,000 |
Assets held-for-sale - AIG Life | 1,773,000,000 | 1,746,000,000 |
Assets held-for-sale - Other | 40,000,000 | 29,000,000 |
Assets held-for-sale | 1,813,000,000 | 1,775,000,000 |
Total liabilities | 495,011,000,000 | 488,005,000,000 |
Consolidated VIE - Real Estate and Investment Entities | 1,089,000,000 | 1,176,000,000 |
Consolidated VIE - Securitization Vehicles | 1,147,000,000 | 1,107,000,000 |
Consolidated VIE | 2,236,000,000 | 2,283,000,000 |
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: 2024 - 0 and 2023 - 20,000; liquidation preference $500 | 0 | 485,000,000 |
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2024 - 1,906,671,492 and 2023 - 1,906,671,492 | 4,766,000,000 | 4,766,000,000 |
Treasury stock, at cost; 2024 - 1,235,652,452 shares; 2023 - 1,217,831,721 shares of common stock | 60,603,000,000 | 59,189,000,000 |
Additional paid-in capital | 75,625,000,000 | 75,810,000,000 |
Retained earnings | 38,466,000,000 | 37,516,000,000 |
Accumulated other comprehensive loss | (14,869,000,000) | (14,037,000,000) |
Total AIG shareholders’ equity | 43,385,000,000 | 45,351,000,000 |
Non-redeemable noncontrolling interests | 5,725,000,000 | 5,950,000,000 |
Total equity | 49,110,000,000 | 51,301,000,000 |
Preferred Stock and Additional Paid-in Capital | 0 | 485,000,000 |
Common Stock | 4,766,000,000 | 4,766,000,000 |
Treasury Stock | (60,603,000,000) | (59,189,000,000) |
Additional Paid-in Capital | 75,625,000,000 | 75,810,000,000 |
Retained Earnings | 38,466,000,000 | 37,516,000,000 |
Total | (14,869,000,000) | (14,037,000,000) |
Total AIG Shareholders' Equity | 43,385,000,000 | 45,351,000,000 |
Non- redeemable Non- controlling Interests | 5,725,000,000 | 5,950,000,000 |
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken | (66,000,000) | (106,000,000) |
Unrealized appreciation (depreciation) of all other investments | (11,702,000,000) | (10,888,000,000) |
Change in Fair Value of Market Risk Benefits Attributable to Changes in Our Own Credit Risk | (493,000,000) | (476,000,000) |
Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts | 1,535,000,000 | 1,233,000,000 |
Foreign Currency Translation Adjustments | (3,329,000,000) | (2,979,000,000) |
Change in retirement plan liabilities adjustment | (814,000,000) | (821,000,000) |
Total liabilities and equity | 544,121,000,000 | 539,306,000,000 |