American International Group Inc. (AIG) Financial Statements (2025 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)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,71022,29624,59619,88218,17919,938
Cash and cash equivalents1,3811,8162,1551,9942,2831,923
Short-term investments13,32920,48022,44117,88815,89618,015
Restricted cash and investments167168168302303305
Total current assets:14,87722,46424,76420,18418,48220,243
Noncurrent Assets
Operating lease, right-of-use asset   767   
Property, plant and equipment   1,378   
Long-term investments and receivables   5,500   
Long-term investments   5,500   
Intangible assets, net (including goodwill)3,407 3,933   
Goodwill3,407 3,539   
Intangible assets, net (excluding goodwill)   394   
Restricted cash and investments184345   
Deferred income tax assets5,56814,37614,44514,61214,10314,480
Total noncurrent assets:8,99314,41926,06814,61214,10314,480
Other undisclosed assets144,020507,238488,474486,725504,553501,904
TOTAL ASSETS:167,890544,121539,306521,521537,138536,627
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  2502501,0001,5001,500
Total current liabilities:  2502501,0001,5001,500
Noncurrent Liabilities
Other undisclosed liabilities123,415494,761487,755477,308489,147488,821
Total liabilities:123,415495,011488,005478,308490,647490,321
Equity
Equity, attributable to parent, including:44,44543,38545,35139,98442,45443,317
Common stock  4,7664,7664,7664,7664,766
Treasury stock, value(62,255)(60,603)(59,189)(58,191)(57,408)(56,857)
Additional paid in capital75,27475,62575,81077,76477,67779,562
Accumulated other comprehensive loss(7,565)(14,869)(14,037)(22,529)(18,982)(19,329)
Retained earnings34,22538,46637,51637,68935,91634,690
Other undisclosed equity, attributable to parent4,766 485485485485
Equity, attributable to noncontrolling interest305,7255,9503,2294,0372,989
Total equity:44,47549,11051,30143,21346,49146,306
TOTAL LIABILITIES AND EQUITY:167,890544,121539,306521,521537,138536,627

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues6,56012,5789,82612,77413,21810,984
Premiums earned, net5,7488,1678,4727,2449,0578,481
Net investment income9903,9043,9323,5563,5713,533
Realized investment gains (losses)(180)(424)(3,483)1,081(297)(1,909)
Cost of revenue(3,467)(7,524)(7,705)(6,117)(7,920)(7,437)
Policyholder benefits and claims incurred, net(3,467)(6,320)(6,518)(4,982)(6,858)(6,397)
Policyholder account balance, interest expense  (1,204)(1,187)(1,135)(1,062)(1,040)
Gross profit:3,0935,0542,1216,6575,2983,547
Operating expenses(1,610)(2,014)(2,134)(2,117)(2,268)(1,980)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
(7)(4)(4)(11)(12)(13)
Operating income (loss):1,4763,036(17)4,5293,0181,554
Nonoperating income (expense)
(Investment Income, Nonoperating)
1026(4,107)101(254)(1,911)
Interest and debt expense (126)(260)(213)(301)(278)(307)
Income (loss) from continuing operations before equity method investments, income taxes:1,4522,782(4,337)4,3292,486(664)
Other undisclosed income (loss) from continuing operations before income taxes(835)(731)2,991(761)(619)433
Income (loss) from continuing operations before income taxes:6172,051(1,346)3,5681,867(231)
Income tax expense (benefit)(142)(451)873(821)(176)144
Income (loss) from continuing operations:4751,600(473)2,7471,691(87)
Loss from discontinued operations(4,359)     
Net income (loss):(3,884)1,600(473)2,7471,691(87)
Net income (loss) attributable to noncontrolling interest(93)     
Other undisclosed net income (loss) attributable to parent  (384)566(720)(198)117
Net income (loss) attributable to parent:(3,977)1,216932,0271,49330
Preferred stock dividends and other adjustments  (22)(7)(7)(8)(7)
Net income (loss) available to common stockholders, diluted:(3,977)1,194862,0201,48523

Comprehensive Income ($ in millions)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income (loss):(3,884)1,600(473)2,7471,691(87)
Other comprehensive income (loss)6,694(1,057)8,683(4,918)(1,738)3,913
Comprehensive income (loss):2,8105438,210(2,171)(47)3,826
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(93)(86)(1,797)71260(509)
Comprehensive income (loss), net of tax, attributable to parent:2,7174576,413(1,459)133,317

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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