AMERICAN INTERNATIONAL GROUP INC
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
Contents
Debt
We expect to service and repay general borrowings through maturing investments and dispositions of invested assets, future cash flows from operations, cash flows generated from invested assets, future debt or preferred stock issuances and other financing arrangements.
The following table provides the rollforward of our total debt outstanding:
| Year Ended December 31, 2024 | Balance,Beginningof Year | Issuances | MaturitiesandRepayments | Effect ofForeignExchange | OtherChanges | Balance,End ofYear |
|---|---|---|---|---|---|---|
| (in millions) | ||||||
| General borrowings: | ||||||
| Notes and bonds payable | $9,079 | $660 | $(1,653) | $(85) | $(116) | $7,885 |
| Junior subordinated debt | 992 | — | (393) | — | 3 | 602 |
| AIG Japan Holdings Kabushiki Kaisha | 267 | — | — | (28) | — | 239 |
| Total general borrowings | 10,338 | 660 | (2,046) | (113) | (113) | 8,726 |
| Borrowings supported by assets | 37 | — | (1) | — | 1 | 37 |
| Other subsidiaries' notes, bonds, loans and mortgages payable - not guaranteed by AIG | — | 1 | — | — | — | 1 |
| Total long-term debt | $10,375 | $661 | $(2,047) | $(113) | $(112) | $8,764 |
| Debt of consolidated investment entities - not guaranteed by AIG(a) | $231 | $— | (1) | — | (72)(b) | $158 |
(a)At December 31, 2024, includes debt of consolidated investment entities primarily related to real estate investments of $158 million. At December 31, 2023, includes debt of consolidated investment entities related to real estate investments of $79 million and other securitization vehicles of $152 million.
(b)Includes the effect of consolidating previously unconsolidated partnerships.
Debt Maturities
The following table summarizes maturing long-term debt at December 31, 2024 of AIG for the next four quarters:
| FirstQuarter · SecondQuarter · ThirdQuarter · FourthQuarter | |||||
|---|---|---|---|---|---|
| (in millions) | 2025 | 2025 | 2025 | 2025 | Total |
| General borrowings | $239 | $146 | $— | $— | $385 |
| Borrowings supported by assets | — | — | — | 12 | 12 |
| Other subsidiaries' notes, bonds, loans and mortgages payable | — | — | — | 1 | 1 |
| Total | $239 | $146 | $— | $13 | $398 |
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