AMERICAN INTERNATIONAL GROUP INC
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 14, 2024
AIG$77.75-3.9%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
SCHEDULE IVReinsurance
Reinsurance
| Schedule IV | ||||||
|---|---|---|---|---|---|---|
| (in millions) · GrossAmount · Ceded to OtherCompanies · Assumed fromOther Companies · Net Amount · Percent of AmountAssumed to Net | ||||||
| Long-duration insurance in-force | $1,308,474 | $363,471 | $173 | $945,176 | — | % |
| Premiums earned: | ||||||
| General Insurance companies | $30,781 | $12,268 | $7,050 | $25,563 | 27.6 | % |
| Life and Retirement companies | 4,706 | 1,126 | 4,111 | 7,691 | 53.5 | |
| Total | $35,487 | $13,394 | $11,161 | $33,254 | 33.6 | % |
| Long-duration insurance in-force | $1,280,831 | $346,879 | $188 | $934,140 | — | % |
| Premiums earned: | ||||||
| General Insurance companies | $32,053 | $12,425 | $7,137 | $26,765 | 26.7 | % |
| Life and Retirement companies | 4,739 | 966 | 1,318 | 5,091 | 25.9 | |
| Total | $36,792 | $13,391 | $8,455 | $31,856 | 26.5 | % |
| Long-duration insurance in-force | $1,280,090 | $363,008 | $192 | $917,274 | — | % |
| Premiums earned: | ||||||
| General Insurance companies | $30,279 | $11,301 | $6,640 | $25,618 | 25.9 | % |
| Life and Retirement companies | 4,604 | 1,202 | 2,265 | 5,667 | 40.0 | |
| Total | $34,883 | $12,503 | $8,905 | $31,285 | 28.5 | % |
Valuation and Qualifying Accounts
| Schedule V | ||||||
|---|---|---|---|---|---|---|
| For the years ended December 31, 2023, 2022, and 2021 | ||||||
| (in millions) | Balance,Beginningof year | Charged toCosts andExpenses | WriteOffs | Reclassifiedto AssetsHeld for Sale | OtherChanges(a) | Balance,End of year |
| Allowance for premiums and insurances balances receivable | $169 | $(7) | $(29) | $— | $6 | $139 |
| Federal and foreign valuation allowance for deferred tax assets | 4,246 | (357) | — | (82) | (691) | 3,116 |
| Allowance for premiums and insurances balances receivable | $185 | $— | $(15) | $— | $(1) | $169 |
| Federal and foreign valuation allowance for deferred tax assets | 1,987 | (25) | — | — | 2,284 | 4,246 |
| Allowance for premiums and insurances balances receivable | $205 | $(15) | $(2) | $— | $(3) | $185 |
| Federal and foreign valuation allowance for deferred tax assets | 1,330 | 718 | — | — | (61) | 1,987 |
(a)Includes recoveries of amounts previously charged off and reclassifications to/from other accounts.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.