AMERICAN INTERNATIONAL GROUP INC
For the period ended Mar 31, 2025. Filed May 2, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 2, 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:
| Three Months Ended March 31, 2025 | Balance,Beginningof Year | Issuances | MaturitiesandRepayments | Effect ofForeignExchange | Balance,End ofPeriod |
|---|---|---|---|---|---|
| (in millions) | |||||
| General borrowings: | |||||
| Notes and bonds payable | $7,885 | $— | $— | $71 | $7,956 |
| Junior subordinated debt | 602 | — | — | — | 602 |
| AIG Japan Holdings Kabushiki Kaisha | 239 | — | (247) | 8 | — |
| Total general borrowings | 8,726 | — | (247) | 79 | 8,558 |
| Borrowings supported by assets | 37 | — | — | — | 37 |
| Other subsidiaries' notes, bonds, loans and mortgages payable - not guaranteed by AIG | 1 | — | — | — | 1 |
| Total long-term debt | $8,764 | $— | $(247) | $79 | $8,596 |
| Debt of consolidated investment entities - not guaranteed by AIG(a) | $158 | $— | (1) | — | $157 |
(a)At March 31, 2025, includes debt of consolidated investment entities primarily related to real estate investments of $157 million. At December 31, 2024, includes debt of consolidated investment entities related to real estate investments of $158 million.
The following table summarizes maturing long-term debt at March 31, 2025 of AIG for the next four quarters:
| SecondQuarter · ThirdQuarter · FourthQuarter · FirstQuarter | |||||
|---|---|---|---|---|---|
| (in millions) | 2025 | 2025 | 2025 | 2026 | Total |
| General borrowings | $146 | $— | $— | $— | $146 |
| Borrowings supported by assets | — | — | 12 | 7 | 19 |
| Other subsidiaries' notes, bonds, loans and mortgages payable | — | — | 1 | — | 1 |
| Total | $146 | $— | $13 | $7 | $166 |
| AIG | First Quarter 2025 Form 10-Q | 75 |
|---|
The following table presents maturities of long-term debt (including unamortized original issue discount, hedge accounting valuation adjustments and fair value adjustments, when applicable):
| March 31, 2025 · Remainder · Year Ending | ||||||||
|---|---|---|---|---|---|---|---|---|
| (in millions) | Total | of 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | Thereafter |
| General borrowings: | ||||||||
| Notes and bonds payable | $7,956 | $146 | $266 | $885 | $855 | $260 | $337 | $5,207 |
| Junior subordinated debt | 602 | — | — | — | — | — | — | 602 |
| Total general borrowings | 8,558 | 146 | 266 | 885 | 855 | 260 | 337 | 5,809 |
| Borrowings supported by assets | 37 | 12 | 7 | — | — | — | — | 18 |
| Other subsidiaries notes, bonds, loans and mortgages payable | 1 | 1 | — | — | — | — | — | — |
| Total long-term debt* | $8,596 | $159 | $273 | $885 | $855 | $260 | $337 | $5,827 |
*Does not reflect $157 million of notes issued by consolidated investment entities, for which recourse is limited to the assets of the respective investment entities and for which there is no recourse to the general credit of AIG.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.