AMERICAN INTERNATIONAL GROUP INC
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
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 31,2024 | December 31,2023 |
|---|---|---|
| Assets: | ||
| Investments: | ||
| Fixed maturity securities: | ||
| Bonds available for sale, at fair value, net of allowance for credit losses of $38 in 2024 and $34 in 2023 (amortized cost: 2024 - $66,195; 2023 - $68,119)* | $64,006 | $65,242 |
| Other bond securities, at fair value (See Note 6) | 745 | 663 |
| Equity securities, at fair value (See Note 6) | 704 | 665 |
| Mortgage and other loans receivable, net of allowance for credit losses of $37,800 in 2024 and $37,776 in 2023* | 3,868 | 4,441 |
| Other invested assets (portion measured at fair value: 2024 - $7,384; 2023 - $4,175) | 9,828 | 6,368 |
| Short-term investments, including restricted cash of $55 in 2024 and $1 in 2023 (portion measured at fair value: 2024 - $9,789; 2023 - $9,363)* | 14,462 | 12,865 |
| Total investments | 93,613 | 90,244 |
| Cash | 1,302 | 1,540 |
| Accrued investment income* | 599 | 580 |
| Premiums and other receivables, net of allowance for credit losses and disputes of $127 in 2024 and $138 in 2023 | 10,463 | 9,967 |
| Reinsurance assets - Fortitude Re, net of allowance for credit losses and disputes of $0 in 2024 and $0 in 2023 | 3,427 | 3,839 |
| Reinsurance assets - other, net of allowance for credit losses and disputes of $220 in 2024 and $206 in 2023 | 34,618 | 35,293 |
| Deferred income tax assets | 4,956 | 6,186 |
| Deferred policy acquisition costs | 2,065 | 2,117 |
| Goodwill | 3,373 | 3,422 |
| Deposit accounting assets, net of allowance for credit losses of $49 in 2024 and $49 in 2023 | 2,171 | 1,915 |
| Other assets, including restricted cash of $15 in 2024 and $32 in 2023 (portion measured at fair value: 2024 - $179; 2023 - $374)* | 4,735 | 5,425 |
| Assets held for sale | — | 30 |
| Assets of discontinued operations | — | 378,748 |
| Total assets | $161,322 | $539,306 |
| Liabilities: | ||
| Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2024 and $14 in 2023 | $69,168 | $70,393 |
| Unearned premiums | 17,232 | 17,375 |
| Future policy benefits | 1,317 | 1,467 |
| Other policyholder funds | 418 | 495 |
| Fortitude Re funds withheld payable (portion measured at fair value: 2024 - $(128); 2023 - $(148)) | 3,207 | 3,527 |
| Premiums and other related payables | 6,052 | 6,219 |
| Deposit accounting liabilities | 3,005 | 2,612 |
| Commissions and premium taxes payable | 1,522 | 1,351 |
| Current and deferred income tax liabilities | 426 | 347 |
| Other liabilities (portion measured at fair value: 2024 - $251; 2023 - $482) | 7,503 | 7,496 |
| Long-term debt | 8,764 | 10,375 |
| Debt of consolidated investment entities* | 158 | 231 |
| Liabilities held for sale | — | 28 |
| Liabilities of discontinued operations | — | 366,089 |
| Total liabilities | 118,772 | 488,005 |
| 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: 2024 - 0 and 2023 - 20,000; liquidation preference $500 | — | 485 |
| 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 | 4,766 |
| Treasury stock, at cost; 2024 - 1,300,512,040 shares; 2023 - 1,217,831,721 shares of common stock | (65,573) | (59,189) |
| Additional paid-in capital | 75,348 | 75,810 |
| Retained earnings | 35,079 | 37,516 |
| Accumulated other comprehensive loss | (7,099) | (14,037) |
| Total AIG shareholders’ equity | 42,521 | 45,351 |
| Non-redeemable noncontrolling interests | 29 | 5,950 |
| Total equity | 42,550 | 51,301 |
| Total liabilities and equity | $161,322 | $539,306 |
*See Note 10 for details of balances associated with variable interest entities.
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