AMERICAN INTERNATIONAL GROUP, INC.
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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FY2025 · Filed Feb 12, 2026
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 31,2025 | December 31,2024 |
|---|---|---|
| Assets: | ||
| Investments: | ||
| Fixed maturity securities: | ||
| Bonds available for sale, at fair value, net of allowance for credit losses of $37 in 2025 and $38 in 2024 (amortized cost: 2025 - $71,772; 2024 - $66,195) | $71,032 | $64,006 |
| Other bond securities, at fair value | 741 | 745 |
| Equity securities, at fair value | 502 | 704 |
| Mortgage and other loans receivable, net of allowance for credit losses of $37,747 in 2025 and $37,800 in 2024 | 2,887 | 3,868 |
| Other invested assets (portion measured at fair value: 2025 - $5,011; 2024 - $7,384) | 6,696 | 9,828 |
| Short-term investments, including restricted cash of $55 in 2025 and $55 in 2024 (portion measured at fair value: 2025 - $5,909; 2024 - $9,789) | 11,141 | 14,462 |
| Total investments | 92,999 | 93,613 |
| Cash | 1,274 | 1,302 |
| Accrued investment income | 691 | 599 |
| Premiums and other receivables, net of allowance for credit losses and disputes of $131 in 2025 and $127 in 2024 | 10,441 | 10,463 |
| Reinsurance assets - Fortitude Re | 3,167 | 3,427 |
| Reinsurance assets - other, net of allowance for credit losses and disputes of $248 in 2025 and $220 in 2024 | 34,829 | 34,618 |
| Deferred income tax assets | 5,096 | 4,956 |
| Deferred policy acquisition costs | 2,106 | 2,065 |
| Goodwill | 3,435 | 3,373 |
| Deposit accounting assets, net of allowance for credit losses of $49 in 2025 and $49 in 2024 | 2,443 | 2,171 |
| Other assets, including restricted cash of $16 in 2025 and $15 in 2024 (portion measured at fair value: 2025 - $135; 2024 - $179) | 4,773 | 4,735 |
| Total assets | $161,254 | $161,322 |
| Liabilities: | ||
| Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2025 and $14 in 2024 | $70,666 | $69,168 |
| Unearned premiums | 17,991 | 17,232 |
| Future policy benefits | 1,385 | 1,317 |
| Other policyholder funds | 352 | 418 |
| Fortitude Re funds withheld payable (portion measured at fair value: 2025 - $(92); 2024 - $(128)) | 3,038 | 3,207 |
| Premiums and other related payables | 5,448 | 6,052 |
| Deposit accounting liabilities | 3,295 | 3,005 |
| Commissions and premium taxes payable | 1,556 | 1,522 |
| Current and deferred income tax liabilities | 661 | 426 |
| Other liabilities (portion measured at fair value: 2025 - $162; 2024 - $251) | 6,509 | 7,503 |
| Long-term debt | 9,035 | 8,764 |
| Debt of consolidated investment entities | 156 | 158 |
| Total liabilities | 120,092 | 118,772 |
| Contingencies, commitments and guarantees (See Note 15) | ||
| AIG shareholders’ equity: | ||
| Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2025 - 1,906,671,492 and 2024 - 1,906,671,492 | 4,766 | 4,766 |
| Treasury stock, at cost; 2025 - 1,368,489,324 shares; 2024 - 1,300,512,040 shares of common stock | (71,199) | (65,573) |
| Additional paid-in capital | 75,373 | 75,348 |
| Retained earnings | 37,186 | 35,079 |
| Accumulated other comprehensive loss | (4,987) | (7,099) |
| Total AIG shareholders’ equity | 41,139 | 42,521 |
| Non-redeemable noncontrolling interests | 23 | 29 |
| Total equity | 41,162 | 42,550 |
| Total liabilities and equity | $161,254 | $161,322 |
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