AMERICAN INTERNATIONAL GROUP INC
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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FY2023 · Filed Feb 14, 2024
AIG$79.63+2.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at December 31,
| (in millions, except for share data) | December 31,2023 | December 31,2022 |
|---|---|---|
| Assets: | ||
| Investments: | ||
| Fixed maturity securities: | ||
| Bonds available for sale, at fair value, net of allowance for credit losses of $162 in 2023 and $186 in 2022 (amortized cost: 2023 - $253,035; 2022 - $255,993)* | $231,733 | $226,156 |
| Other bond securities, at fair value (See Note 6)* | 5,241 | 4,485 |
| Equity securities, at fair value (See Note 6)* | 728 | 575 |
| Mortgage and other loans receivable, net of allowance for credit losses of $38,473 in 2023 and $38,351 in 2022* | 51,553 | 49,605 |
| Other invested assets (portion measured at fair value: 2023 - $11,733; 2022 - $12,042)* | 16,217 | 15,953 |
| Short-term investments, including restricted cash of $4 in 2023 and $140 in 2022 (portion measured at fair value: 2023 - $10,772; 2022 - $5,708)* | 17,200 | 12,376 |
| Total investments | 322,672 | 309,150 |
| Cash* | 2,155 | 2,043 |
| Accrued investment income* | 2,588 | 2,376 |
| Premiums and other receivables, net of allowance for credit losses and disputes of $139 in 2023 and $169 in 2022 | 10,561 | 13,243 |
| Reinsurance assets - Fortitude Re, net of allowance for credit losses and disputes of $0 in 2023 and $0 in 2022 | 30,612 | 30,751 |
| Reinsurance assets - other, net of allowance for credit losses and disputes of $236 in 2023 and $295 in 2022 | 36,914 | 38,971 |
| Deferred income taxes | 14,445 | 14,804 |
| Deferred policy acquisition costs | 12,085 | 12,857 |
| Market risk benefit assets, at fair value | 912 | 796 |
| Other assets, net of allowance for credit losses of $49 in 2023 and $49 in 2022, including restricted cash of $45 in 2023 and $33 in 2022 (portion measured at fair value: 2023 - $754; 2022 - $621)* | 13,089 | 12,384 |
| Separate account assets, at fair value | 91,005 | 84,853 |
| Assets held for sale | 2,268 | — |
| Total assets | $539,306 | $522,228 |
| Liabilities: | ||
| Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2023 and $14 in 2022 | $70,393 | $75,167 |
| Unearned premiums | 17,387 | 18,338 |
| Future policy benefits for life and accident and health insurance contracts | 58,576 | 51,914 |
| Policyholder contract deposits (portion measured at fair value: 2023 - $7,997; 2022 - $5,408) | 161,979 | 155,984 |
| Market risk benefit liabilities, at fair value | 5,705 | 4,736 |
| Other policyholder funds | 3,356 | 3,463 |
| Fortitude Re funds withheld payable (portion measured at fair value: 2023 - $(1,226); 2022 - $(2,235)) | 29,484 | 30,383 |
| Other liabilities (portion measured at fair value: 2023 - $624; 2022 - $343)* | 25,958 | 26,757 |
| Short-term and long-term debt, of which $250 and $1,500 is short-term debt in 2023 and 2022 (portion measured at fair value: 2023 - $53; 2022 - $56) | 19,796 | 21,299 |
| Debt of consolidated investment entities* | 2,591 | 5,880 |
| Separate account liabilities | 91,005 | 84,853 |
| Liabilities held for sale | 1,775 | — |
| Total liabilities | 488,005 | 478,774 |
| Contingencies, commitments and guarantees (See Note 17) | ||
| 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 - 1,217,831,721 shares; 2022 - 1,172,543,436 shares of common stock | (59,189) | (56,473) |
| Additional paid-in capital | 75,810 | 79,915 |
| Retained earnings | 37,516 | 34,893 |
| Accumulated other comprehensive loss | (14,037) | (22,616) |
| Total AIG shareholders’ equity | 45,351 | 40,970 |
| Non-redeemable noncontrolling interests | 5,950 | 2,484 |
| Total equity | 51,301 | 43,454 |
| Total liabilities and equity | $539,306 | $522,228 |
*See Note 10 for details of balances associated with variable interest entities.
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