Market Summary
USD62.72+0.36
Delayedas of 20 Sep 2023, 02:44 pm0.58%
AIG Alerts
AIG Stock Price
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AIG Valuation
AIG Price/Sales (Trailing)
AIG Profitability
AIG Fundamentals
AIG Revenue
AIG Earnings
Price Action
52 Week Range
45.6664.44
(Low)(High)
Last 7 days
3.6%
Last 30 days
7.6%
Last 90 days
10.5%
Trailing 12 Months
15.6%
AIG Financial Health
AIG Investor Care
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Net sales
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Latest Insider Trading transactions for AIG
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-09 | Carbone Kathleen | sold | -475,504 | 61.3 | -7,757 | vp & chief accounting officer |
2023-02-28 | McElroy David | sold (taxes) | -639,455 | 61.11 | -10,464 | evp & ceo general insurance |
2023-02-28 | Fato Luciana | sold (taxes) | -4,640,570 | 61.11 | -75,938 | evp, gc, comms & govt affairs |
2023-02-28 | Repko John P | sold (taxes) | -1,473,300 | 61.11 | -24,109 | evp and chief info. officer |
2023-02-28 | Bolt Thomas Allen | sold (taxes) | -93,009 | 61.11 | -1,522 | evp and chief risk officer |
2023-02-28 | FITZSIMONS SHANE | sold (taxes) | -248,045 | 61.11 | -4,059 | evp & chief financial officer |
2023-02-28 | Glazer Rose Marie E. | sold (taxes) | -51,149 | 61.11 | -837 | evp & chief hr officer |
2023-02-28 | Carbone Kathleen | sold (taxes) | -47,482 | 61.11 | -777 | vp & chief accounting officer |
2023-02-28 | Zaffino Peter | sold (taxes) | -8,044,700 | 61.11 | -131,643 | chairman & ceo |
2023-02-28 | Hogan Kevin T. | sold (taxes) | -3,427,230 | 61.11 | -56,083 | ceo, corebridge financial, inc |
Which funds bought or sold AIG recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 10.47 | 16,268 | 78,312 | 0.02% |
2023-09-12 | DCM Advisors, LLC | reduced | -0.14 | 959,840 | 7,767,560 | 3.33% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | 79.00 | 633 | -% |
2023-09-01 | Portside Wealth Group, LLC | new | - | 821,399 | 821,399 | 0.15% |
2023-08-25 | EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC | added | 0.6 | 2,215,000 | 17,038,000 | 2.35% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 48,106 | 385,518 | -% |
2023-08-23 | Rehmann Capital Advisory Group | added | 0.54 | 66,088 | 510,454 | 0.05% |
2023-08-23 | Stonebridge Capital Advisors LLC | reduced | -55.15 | -6,678 | 7,020 | -% |
2023-08-22 | US Asset Management LLC | sold off | -100 | -106,000 | - | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | added | 429 | 29,059,000 | 34,811,700 | 0.33% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
AIG Alerts
Schedule 13G FIlings of American International Group
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | price t rowe associates inc /md/ | 4.4% | 32,884,193 | SC 13G/A | |
| Feb 13, 2023 | capital research global investors | 5.6% | 41,329,361 | SC 13G | |
| Feb 09, 2023 | vanguard group inc | 10.25% | 76,173,119 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.5% | 63,474,041 | SC 13G/A | |
| Jun 09, 2022 | vanguard group inc | 10.21% | 80,883,510 | SC 13G/A | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 9.2% | 76,999,222 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 9.59% | 79,591,144 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 8.9% | 74,043,375 | SC 13G/A | |
| Feb 16, 2021 | price t rowe associates inc /md/ | 7.4% | 64,038,129 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 9.32% | 80,337,158 | SC 13G/A |
Recent SEC filings of American International Group
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 08, 2023 | 8-K | Current Report | |
| Aug 17, 2023 | 8-K | Current Report | |
| Aug 11, 2023 | 4 | Insider Trading | |
| Aug 07, 2023 | 4 | Insider Trading | |
| Aug 07, 2023 | 4/A | Insider Trading | |
| Aug 04, 2023 | 13F-HR | Fund Holdings Report | |
| Aug 02, 2023 | 10-Q | Quarterly Report | |
| Aug 01, 2023 | 8-K | Current Report | |
| Jul 26, 2023 | 4 | Insider Trading | |
| Jul 26, 2023 | 4 | Insider Trading |
AIG Fair Value
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Peers (Alternatives to American International Group)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PGR | 83.3B | 55.3B | 6.38% | 11.93% | 47.79 | 1.51 | 11.39% | 104.72% |
AIG | 45.3B | 50.4B | 7.61% | 15.58% | 10.05 | 0.9 | -9.25% | -63.51% |
ALL | 29.7B | 54.6B | 6.77% | -13.02% | -11.1 | 0.54 | 9.14% | -383.17% |
AFG | 9.7B | 7.5B | 0.28% | -7.28% | 11.39 | 1.3 | 12.86% | -17.26% |
HIG | - | 23.6B | 2.72% | 12.08% | - | - | 5.78% | -4.19% |
TRV | 38.3B | 38.7B | 2.91% | 2.81% | 17.13 | 0.99 | 8.33% | -37.32% |
RE | 25.2B | 13.3B | 0.67% | 24.34% | 20.79 | 1.9 | 12.64% | 55.58% |
| MID-CAP | ||||||||
ESGR | 4.0B | 1.3B | -0.18% | 24.18% | 14.4 | 3.07 | 41.34% | 137.60% |
RNR | 10.5B | 7.4B | 15.73% | 34.35% | 25.5 | 1.41 | 62.27% | 144.80% |
| SMALL-CAP | ||||||||
PLMR | 1.3B | 348.9M | 2.75% | -38.18% | 23 | 3.82 | 16.85% | 25.90% |
HMN | 1.2B | 1.4B | 1.93% | -21.70% | -111.09 | 0.86 | 3.44% | -114.81% |
PRA | 998.8M | 1.1B | 4.21% | -11.45% | 107.75 | 0.88 | -2.53% | -76.30% |
JRVR | 562.0M | 901.0M | -2.03% | -39.05% | 12.11 | 0.62 | 14.76% | 164.17% |
American International Group News
Returns for AIG
Cumulative Returns on AIG
4.5%
10-Year Cumulative Returns
3.6%
7-Year Cumulative Returns
5.5%
5-Year Cumulative Returns
33.3%
3-Year Cumulative Returns
Risks for AIG
What is the probability of a big loss on AIG?
69.6%
Probability that American International Group stock will be more than 20% underwater in next one year
38.5%
Probability that American International Group stock will be more than 30% underwater in next one year.
22.3%
Probability that American International Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does AIG drawdown profile look like?
Y-axis is the maximum loss one would have experienced if American International Group was unfortunately bought at previous high price.
Drawdowns
Financials for American International Group
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -0.9% | 50,390 | 50,835 | 56,437 | 57,296 | 55,529 | 52,547 | 52,057 | 47,646 | 45,032 | 43,747 | 43,736 | 45,875 | 48,568 | 51,733 | 49,746 | 50,491 | 49,063 | 48,133 | 47,389 | 47,464 | 47,729 |
| S&GA Expenses | 0.7% | 9,039 | 8,977 | 9,195 | 8,707 | 8,854 | 8,866 | 8,790 | 8,711 | 8,462 | 8,331 | 8,396 | 8,388 | 8,584 | 8,637 | 8,537 | 8,763 | 8,901 | 9,084 | 9,302 | 9,252 | 9,076 |
| EBITDA | -100.0% | - | 14,285 | 20,255 | 25,120 | 23,495 | 19,089 | 18,037 | 12,346 | 10,032 | -14.00 | -1,716 | 156 | 1,530 | 13,699 | 11,710 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.28* | 0.36* | 0.43* | 0.41* | 0.36* | 0.35* | 0.26* | 0.22* | 0.00* | -0.04* | 0.00* | 0.03* | 0.26* | 0.24* | - | - | - | - | - | - |
| Interest Expenses | 1.0% | 1,181 | 1,169 | 1,125 | 1,108 | 1,154 | 1,226 | 1,305 | 1,366 | 1,417 | 1,444 | 1,457 | 1,459 | 1,428 | 1,423 | 1,417 | 1,464 | 1,442 | 1,381 | 1,309 | 1,190 | 1,154 |
| Earnings Before Taxes | -26.3% | 5,762 | 7,820 | 14,282 | 18,534 | 16,863 | 13,085 | 12,099 | 6,493 | 4,685 | -5,123 | -7,293 | -5,699 | -4,807 | 6,691 | 5,287 | 3,556 | 769 | 184 | 257 | 1,827 | 551 |
| EBT Margin | -100.0% | - | 0.16* | 0.25* | 0.32* | 0.30* | 0.25* | 0.23* | 0.14* | 0.10* | -0.12* | -0.17* | -0.12* | -0.10* | 0.13* | 0.11* | - | - | - | - | - | - |
| Net Income | -21.9% | 4,503 | 5,764 | 10,276 | 13,382 | 12,340 | 9,685 | 9,388 | 5,589 | 4,210 | -3,817 | -5,944 | -4,962 | -4,594 | 4,443 | 3,348 | 1,797 | -118 | -290 | -6.00 | -6,044 | -6,524 |
| Net Income Margin | -100.0% | - | 0.12* | 0.18* | 0.23* | 0.22* | 0.18* | 0.18* | 0.12* | 0.09* | -0.09* | -0.14* | -0.11* | -0.09* | 0.09* | 0.07* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 4,665 | 4,207 | 4,533 | 4,100 | 5,696 | 6,279 | 6,193 | 2,523 | 2,264 | 1,038 | 1,214 | -774 | -1,417 | -1,807 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.1% | 537,138 | 536,627 | 522,228 | 522,932 | 538,938 | 573,513 | 596,112 | 594,800 | 598,250 | 584,390 | 598,841 | 577,230 | 569,388 | 510,477 | 525,064 | 525,122 | 522,269 | 512,922 | 491,984 | 504,860 | 496,829 |
| Cash Equivalents | 14.3% | 2,352 | 2,058 | 2,043 | 2,496 | 2,728 | 2,729 | 2,427 | 2,834 | 3,061 | 3,244 | 3,230 | 3,607 | 3,852 | 3,319 | 3,287 | 3,770 | 3,185 | 3,179 | 3,358 | 3,123 | 2,380 |
| Liabilities | 0.1% | 490,647 | 490,321 | 478,774 | 481,931 | 492,114 | 515,410 | 527,200 | 529,141 | 531,342 | 520,830 | 532,906 | 512,623 | 506,570 | 448,634 | 457,637 | 457,677 | 456,164 | 450,829 | 434,675 | 445,683 | 435,032 |
| Short Term Borrowings | 0% | 1,500 | 1,500 | 1,500 | 1,502 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Long Term Debt | - | - | - | - | - | - | 1,782 | 1,871 | 1,964 | 26,161 | 26,432 | 37,534 | 28,731 | 29,248 | 25,268 | 35,350 | 35,262 | 36,291 | 35,776 | 34,540 | 34,594 | 33,784 |
| Shareholder's Equity | -8.3% | 42,454 | 46,306 | 40,970 | 39,023 | 47,225 | 58,666 | 69,034 | 65,659 | 66,908 | 63,560 | 65,098 | 64,607 | 62,818 | 61,843 | 67,427 | 67,445 | 66,105 | 62,093 | 57,309 | 59,177 | 61,797 |
| Retained Earnings | 3.5% | 35,916 | 34,690 | 34,893 | 33,009 | 30,550 | 27,764 | 23,785 | 20,320 | 18,935 | 19,121 | 16,437 | 15,838 | 15,847 | 24,062 | 23,084 | 22,439 | 22,077 | 21,259 | 20,884 | 21,749 | 23,318 |
| Additional Paid-In Capital | -2.4% | 77,677 | 79,562 | 79,915 | 80,301 | 81,679 | 81,620 | 81,851 | 81,327 | 81,322 | 81,253 | 81,418 | 81,368 | 81,294 | 81,188 | 81,345 | 81,287 | 81,211 | 81,148 | 81,268 | 81,008 | 80,924 |
| Shares Outstanding | -1.7% | 726 | 739 | - | 763 | 791 | 816 | - | 853 | 863 | 868 | - | 868 | 867 | 874 | 878 | 877 | 876 | 875 | 888 | 895 | 903 |
| Minority Interest | 35.1% | 4,037 | 2,989 | 2,484 | 1,978 | 1,480 | 2,159 | 2,956 | 796 | 825 | 881 | 837 | 499 | 584 | 1,670 | 1,752 | 1,842 | 1,566 | 1,306 | 948 | 591 | 611 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 1.2% | 4,720 | 4,665 | 4,207 | 4,533 | 4,067 | 5,678 | 6,279 | 6,193 | 4,087 | 2,264 | 1,038 | -409 | -774 | -1,417 | -1,807 | -1,145 | -1,326 | -432 | -394 | 1,006 | 878 |
| Share Based Compensation | - | - | - | 288 | - | - | - | 278 | - | - | - | 274 | - | - | - | - | - | - | - | - | - | - |
| Cashflow From Investing | -14.2% | -6,801 | -5,953 | -3,626 | -2,621 | 899 | -3,932 | -3,280 | -3,905 | -4,944 | -4,064 | -6,202 | -5,903 | -4,231 | -4,129 | -5,475 | -4,099 | -2,900 | -230 | -223 | -1,351 | -2,154 |
| Cashflow From Financing | 174.1% | 1,968 | 718 | -676 | -2,546 | -5,194 | -2,198 | -3,735 | -2,607 | 54.00 | 1,712 | 5,058 | 6,208 | 5,744 | 5,726 | 7,258 | 5,871 | 5,044 | 1,527 | 1,249 | 762 | 753 |
| Dividend Payments | 1.3% | 970 | 958 | 982 | 1,010 | 1,039 | 1,065 | 1,083 | 1,095 | 1,102 | 1,103 | 1,103 | 1,106 | 1,108 | 1,112 | 1,114 | 1,115 | 1,120 | 1,127 | 1,138 | 1,146 | 1,150 |
| Buy Backs | -26.7% | 3,212 | 4,383 | 5,200 | 5,339 | 5,105 | 3,624 | 2,592 | 1,651 | 592 | 362 | 500 | 500 | 500 | 500 | - | 745 | 1,093 | 1,441 | 1,739 | 994 | 921 |
AIG Income Statement
2023-06-30Consolidated Statements of Income (Loss) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues: | ||||
| Premiums | $ 9,057 | $ 7,512 | $ 17,538 | $ 14,632 |
| Policy fees | 694 | 728 | 1,392 | 1,458 |
| Total net investment income | 3,571 | 2,604 | 7,104 | 5,841 |
| Total net realized gains (losses) | (297) | 2,632 | (2,206) | 6,211 |
| Other income | 193 | 187 | 374 | 465 |
| Total revenues | 13,218 | 13,663 | 24,202 | 28,607 |
| Benefits, losses and expenses: | ||||
| Policyholder benefits and losses incurred (including remeasurement (gains) losses of $93 and $81 for the three months ended June 30, 2023 and 2022, respectively; $157 and $227 for the six months ended June 30, 2023 and 2022, respectively) | 6,858 | 4,984 | 13,255 | 10,044 |
| Change in the fair value of market risk benefits, net | (262) | (45) | (66) | (278) |
| Interest credited to policyholder account balances | 1,062 | 911 | 2,102 | 1,790 |
| Amortization of deferred policy acquisition costs | 1,190 | 1,116 | 2,483 | 2,253 |
| General operating and other expenses | 2,268 | 2,206 | 4,248 | 4,370 |
| Interest expense | 278 | 266 | 585 | 529 |
| Loss on extinguishment of debt | 0 | 299 | 0 | 299 |
| Net (gain) loss on divestitures and other | (43) | 1 | (41) | (39) |
| Total benefits, losses and expenses | 11,351 | 9,738 | 22,566 | 18,968 |
| Income (loss) from continuing operations before income tax expense (benefit) | 1,867 | 3,925 | 1,636 | 9,639 |
| Income tax expense (benefit) | 176 | 845 | 32 | 1,999 |
| Income (loss) from continuing operations | 1,691 | 3,080 | 1,604 | 7,640 |
| Income (loss) from discontinued operations, net of income tax expense | 0 | (1) | 0 | (1) |
| Net income (loss) | 1,691 | 3,079 | 1,604 | 7,639 |
| Less: | ||||
| Net income (loss) from continuing operations attributable to noncontrolling interests | 198 | 325 | 81 | 712 |
| Net income (loss) attributable to AIG | 1,493 | 2,754 | 1,523 | 6,927 |
| Less: Dividends on preferred stock | 8 | 8 | 15 | 15 |
| Net income attributable to AIG common shareholders | $ 1,485 | $ 2,746 | $ 1,508 | $ 6,912 |
| Basic: | ||||
| Income (loss) from continuing operations (in dollars per share) | $ 2.05 | $ 3.47 | $ 2.06 | $ 8.60 |
| Income from discontinued operations (in dollars per share) | 0 | 0 | 0 | 0 |
| Net income (loss) attributable to AIG common shareholders (in dollars per share) | 2.05 | 3.47 | 2.06 | 8.60 |
| Diluted: | ||||
| Income (loss) from continuing operations (in dollars per share) | 2.03 | 3.43 | 2.05 | 8.50 |
| Income from discontinued operations (in dollars per share) | 0 | 0 | 0 | 0 |
| Net income attributable to AIG common shareholders (in dollars per share) | $ 2.03 | $ 3.43 | $ 2.05 | $ 8.50 |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 725,754,549 | 790,897,301 | 732,175,533 | 803,532,447 |
| Diluted (in shares) | 730,547,112 | 800,730,746 | 737,290,694 | 813,298,338 |
| Excluding Fortitude Re Funds Withheld Assets | ||||
| Revenues: | ||||
| Total net investment income | $ 3,280 | $ 2,416 | $ 6,367 | $ 5,362 |
| Total net realized gains (losses) | (339) | (58) | (1,052) | 343 |
| Fortitude Re funds withheld assets | ||||
| Revenues: | ||||
| Total net investment income | 291 | 188 | 737 | 479 |
| Total net realized gains (losses) | (138) | (86) | (169) | (226) |
| Fortitude Re funds withheld embedded derivative | ||||
| Revenues: | ||||
| Total net realized gains (losses) | $ 180 | $ 2,776 | $ (985) | $ 6,094 |
AIG Balance Sheet
2023-06-30Consolidated Balance Sheets - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | ||
|---|---|---|---|---|
| Fixed maturity securities: | ||||
| Bonds available for sale, at fair value, net of allowance for credit losses of $125 in 2023 and $186 in 2022 (amortized cost: 2023 - $249,235; 2022 - $255,993)* | [1] | $ 222,530 | $ 226,156 | |
| Other bond securities, at fair value (See Note 5) | [1] | 4,941 | 4,485 | |
| Equity securities, at fair value (See Note 5) | [1] | 660 | 575 | |
| Mortgage and other loans receivable, net of allowance for credit losses of $38,441 in 2023 and $38,351 in 2022* | [1] | 51,605 | 49,605 | |
| Other invested assets (portion measured at fair value: 2023 - $12,105; 2022 - $12,042)* | [1] | 16,067 | 15,953 | |
| Short-term investments, including restricted cash of $32 in 2023 and $140 in 2022 (portion measured at fair value: 2023 - $4,278; 2022 - $5,708)* | [1] | 10,955 | 12,376 | |
| Total investments | 306,758 | 309,150 | ||
| Cash | [1] | 2,283 | 2,043 | |
| Accrued investment income | [1] | 2,506 | 2,376 | |
| Premiums and other receivables, net of allowance for credit losses and disputes of $160 in 2023 and $169 in 2022 | 12,428 | 13,243 | ||
| Deferred income taxes | 14,103 | 14,804 | ||
| Deferred policy acquisition costs | 12,702 | 12,857 | ||
| Market risk benefit assets, at fair value | 954 | 796 | ||
| Other assets, net of allowance for credit losses of $49 in 2023 and $49 in 2022, including restricted cash of $37 in 2023 and $33 in 2022 (portion measured at fair value: 2023 - $521; 2022 - $621)* | [1] | 12,832 | 12,384 | |
| Separate account assets, at fair value | 89,718 | 84,853 | ||
| Assets held for sale | 12,695 | 0 | ||
| Total assets | 537,138 | 522,228 | ||
| Liabilities: | ||||
| Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2023 and $14 in 2022 | 70,284 | 75,167 | ||
| Unearned premiums | 19,152 | 18,338 | ||
| Future policy benefits for life and accident and health insurance contracts | 55,690 | 51,914 | ||
| Policyholder contract deposits (portion measured at fair value: 2023 - $6,864; 2022 - $5,408) | 159,572 | 155,984 | ||
| Market risk benefit liabilities, at fair value | 4,977 | 4,736 | ||
| Other policyholder funds | 3,430 | 3,463 | ||
| Fortitude Re funds withheld payable (portion measured at fair value: 2023 - $(2,118); 2022 - $(2,235)) | 29,588 | 30,383 | ||
| Other liabilities (portion measured at fair value: 2023 - $383; 2022 - $343)* | [1] | 24,496 | 26,757 | |
| Separate account liabilities | 89,718 | 84,853 | ||
| Liabilities held for sale | 9,595 | 0 | ||
| Total liabilities | 490,647 | 478,774 | ||
| Contingencies, commitments and guarantees (See Note 15) | ||||
| 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: 2023 - 20,000 and 2022 - 20,000; liquidation preference $500 | 485 | 485 | ||
| Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2023 - 1,906,671,492 and 2022 - 1,906,671,492 | 4,766 | 4,766 | ||
| Treasury stock, at cost; 2023 - 1,189,147,491 shares; 2022 - 1,172,543,436 shares of common stock | (57,408) | (56,473) | ||
| Additional paid-in capital | 77,677 | 79,915 | ||
| Retained earnings | 35,916 | 34,893 | ||
| Accumulated other comprehensive loss | (18,982) | (22,616) | ||
| Total AIG shareholders’ equity | 42,454 | 40,970 | ||
| Non-redeemable noncontrolling interests | 4,037 | 2,484 | ||
| Total equity | 46,491 | 43,454 | ||
| Total liabilities and equity | 537,138 | 522,228 | ||
| Recurring Basis | ||||
| Fixed maturity securities: | ||||
| Other invested assets (portion measured at fair value: 2023 - $12,105; 2022 - $12,042)* | 12,105 | 12,042 | ||
| Short-term investments, including restricted cash of $32 in 2023 and $140 in 2022 (portion measured at fair value: 2023 - $4,278; 2022 - $5,708)* | 4,278 | 5,708 | ||
| Market risk benefit assets, at fair value | 954 | 796 | ||
| Other assets, net of allowance for credit losses of $49 in 2023 and $49 in 2022, including restricted cash of $37 in 2023 and $33 in 2022 (portion measured at fair value: 2023 - $521; 2022 - $621)* | 521 | 621 | ||
| Liabilities: | ||||
| Policyholder contract deposits (portion measured at fair value: 2023 - $6,864; 2022 - $5,408) | 6,864 | 5,408 | ||
| Market risk benefit liabilities, at fair value | 4,977 | 4,736 | ||
| Fortitude Re funds withheld payable (portion measured at fair value: 2023 - $(2,118); 2022 - $(2,235)) | 2,118 | 2,235 | ||
| Consolidated Entities, Excluding Consolidated Investments | ||||
| Liabilities: | ||||
| Short-term and long-term debt* | 21,352 | 21,299 | ||
| Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary | ||||
| Liabilities: | ||||
| Short-term and long-term debt* | [1] | 2,793 | 5,880 | |
| Fortitude RE | ||||
| Fixed maturity securities: | ||||
| Reinsurance assets, net of allowance for credit losses and disputes | 30,541 | 30,751 | ||
| Excluding Fortitude | ||||
| Fixed maturity securities: | ||||
| Reinsurance assets, net of allowance for credit losses and disputes | $ 39,618 | $ 38,971 | ||
| ||||
American International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance. It also provides professional liability insurance products for a range of businesses and risks, including directors and officers, mergers and acquisitions, fidelity, employment practices, fiduciary liability, cyber risk, kidnap and ransom, and errors and omissions insurance. In addition, this segment offers personal auto and property insurance, such as auto, homeowners, umbrella, yacht, fine art, and collections; voluntary and sponsor-paid personal accident; supplemental health products; extended warranty insurance products; and travel insurance products. Its Life and Retirement segment offers variable annuities, index and fixed annuities, and retail mutual funds; and financial planning and advisory services; record-keeping, plan administrative, and compliance services; and term life and universal life insurance. It also provides stable value wrap products, and structured settlement and pension risk transfer annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent marketing organizations, independent insurance agents, financial advisors, direct marketing, banks, and broker-dealers. The company was founded in 1919 and is headquartered in New York, New York.