American International Group, Inc. (AIG) Financial Statements (2024 and earlier)

Company Profile

Business Address 1271 AVE OF THE AMERICAS
NEW YORK, NY 10020-1304
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,90422,57227,37716,08612,54712,748
Cash and cash equivalents2,0432,1982,8272,8562,8732,362
Short-term investments16,86120,37424,55013,2309,67410,386
Restricted cash and investments301514494330343 
Total current assets:19,20523,08627,87116,41612,89012,748
Noncurrent Assets
Operating lease, right-of-use asset 8801,000906648
Property, plant and equipment 1,5931,7121,8401,9532,1722,522
Long-term investments and receivables 5,963     
Long-term investments 5,963     
Intangible assets, net (including goodwill) 4,6314,3564,3934,3714,4421,594
Goodwill 3,9274,0564,0744,0384,0821,594
Intangible assets, net (excluding goodwill) 704300319333360 
Deferred income tax assets15,14411,71412,62413,146
Total noncurrent assets:28,21118,78219,76320,1186,6144,116
Other undisclosed assets479,218554,244538,847488,530472,480481,437
TOTAL ASSETS:526,634596,112586,481525,064491,984498,301
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,500     
Total current liabilities:1,500     
Noncurrent Liabilities
Other undisclosed liabilities482,899527,200519,282457,637434,675432,593
Total liabilities:484,399527,200519,282457,637434,675432,593
Equity
Equity, attributable to parent, including:40,00265,95666,36265,67556,36165,171
Common stock4,7664,7664,7664,7664,7664,766
Treasury stock, value(56,473)(51,618)(49,322)(48,987)(49,144)(47,595)
Additional paid in capital80,28481,85181,41881,34581,26881,078
Accumulated other comprehensive income (loss)(22,092)6,68713,5114,982(1,413)5,465
Retained earnings33,03223,78515,50423,08420,88421,457
Other undisclosed equity, attributable to parent485485485485  
Equity, attributable to noncontrolling interest2,2332,9568371,752948537
Total equity:42,23568,91267,19967,42757,30965,708
TOTAL LIABILITIES AND EQUITY:526,634596,112586,481525,064491,984498,301

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues56,43752,05743,73649,74647,38949,520
Premiums earned, net31,85731,25928,52330,56130,614
Net investment income11,76714,61213,63114,61912,47614,179
Realized investment gains (losses)8,991     
Financial services revenue34,309
Cost of revenue(26,480)(27,945)(32,639)(34,398)(36,552)(37,852)
Policyholder benefits and claims incurred, net(22,771)(24,388)(24,806)(25,402)(27,412)
Deferred policy acquisition costs, amortization expense   (4,211)(5,164)(5,386)(4,288)
Financial services costs(29,972)
Gross profit:29,95724,11211,09715,34810,83711,668
Operating expenses(9,195)(8,790)(8,396)(8,537)(9,302)(9,107)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
(37)     
Operating income:20,72515,3222,7016,8111,5352,561
Nonoperating income (expense)
(Investment Income, Nonoperating)
8,9093,044(8,525)(75)3868
Interest and debt expense(1,428)(1,694)(1,469)(1,449)(1,316)(1,163)
Income (loss) from continuing operations before equity method investments, income taxes:28,20616,672(7,293)5,2872571,466
Other undisclosed income (loss) from continuing operations before income taxes(13,924)(4,573)    
Income (loss) from continuing operations before income taxes:14,28212,099(7,293)5,2872571,466
Income tax expense (benefit)(3,006)(2,176)1,460(1,166)(154)(7,526)
Income (loss) from continuing operations:11,2769,923(5,833)4,121103(6,060)
Income (loss) before gain (loss) on sale of properties:9,923(5,829)4,16961(6,056)
Income (loss) from discontinued operations (1) 448(42)4
Net income (loss):11,2759,923(5,829)4,16961(6,056)
Other undisclosed net loss attributable to parent(999)(535)(115)(821)(67)(28)
Net income (loss) attributable to parent:10,2769,388(5,944)3,348(6)(6,084)
Preferred stock dividends and other adjustments(29)(29)(29)(22)  
Net income (loss) available to common stockholders, diluted:10,2479,359(5,973)3,326(6)(6,084)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):11,2759,923(5,829)4,16961(6,056)
Other comprehensive income (loss)(33,402)(5,830)8,5136,415(6,293)2,235
Comprehensive income (loss):(22,127)4,0932,68410,584(6,232)(3,821)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1,584(430)(99)(841)(76)(28)
Comprehensive income (loss), net of tax, attributable to parent:(20,543)3,6632,5859,743(6,308)(3,849)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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