American International Group, Inc. (AIG) financial statements (2022 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
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22,57227,37716,08612,54712,74814,17011,761
Cash and cash equivalents2,1982,8272,8562,8732,3621,8681,629
Short-term investments20,37424,55013,2309,67410,38612,30210,132
Restricted cash and investments514494330343  439
Total current assets:23,08627,87116,41612,89012,74814,17012,200
Noncurrent Assets
Operating lease, right-of-use asset1,000906648
Property, plant and equipment1,7121,8401,9532,1722,5222,6603,135
Intangible assets, net (including goodwill)4,3564,3934,3714,4421,5941,528 
Goodwill4,0564,0744,0384,0821,5941,528 
Intangible assets, net (excluding goodwill)300319333360   
Deferred income tax assets11,71412,62413,146
Total noncurrent assets:18,78219,76320,1186,6144,1164,1883,135
Other undisclosed assets554,244538,847488,530472,480481,437479,906481,608
TOTAL ASSETS:596,112586,481525,064491,984498,301498,264496,943
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities527,200519,282457,637434,675432,593421,406406,733
Total liabilities:527,200519,282457,637434,675432,593421,406406,733
Stockholders' equity
Stockholders' equity attributable to parent, including:65,95666,36265,67556,36165,17176,30089,658
Common stock4,7664,7664,7664,7664,7664,7664,766
Treasury stock, value(51,618)(49,322)(48,987)(49,144)(47,595)(41,471)(30,098)
Additional paid in capital81,85181,41881,34581,26881,07881,06481,510
Accumulated other comprehensive income (loss)6,68713,5114,982(1,413)5,4653,2302,537
Retained earnings23,78515,50423,08420,88421,45728,71130,943
Other undisclosed stockholders' equity attributable to parent485485485    
Stockholders' equity attributable to noncontrolling interest2,9568371,752948537558552
Total stockholders' equity:68,91267,19967,42757,30965,70876,85890,210
TOTAL LIABILITIES AND EQUITY:596,112586,481525,064491,984498,301498,264496,943

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues52,05743,73649,74647,38949,52052,36758,327
Premiums earned, net31,25928,52330,56130,614
Net investment income14,61213,63114,61912,47614,17914,06514,053
Financial services revenue34,30937,12539,410
Cost of revenue(27,945)(32,639)(34,398)(36,552)(37,852)(40,663)(40,312)
Policyholder benefits and claims incurred, net(24,388)(24,806)(25,402)(27,412)
Deferred policy acquisition costs, amortization expense (4,211)(5,164)(5,386)(4,288)(4,521)(5,236)
Financial services costs(29,972)(32,437)(31,345)
Gross profit:24,11211,09715,34810,83711,66811,70418,015
Operating expenses(8,790)(8,396)(8,537)(9,302)(9,107)(10,989)(12,686)
Operating income:15,3222,7016,8111,5352,5617155,329
Nonoperating income (expense)
(Investment Income, Nonoperating)
3,044(8,525)(75)3868545(11)
Interest and debt expense(1,694)(1,469)(1,449)(1,316)(1,163)(1,334)(2,037)
Income (loss) from continuing operations before equity method investments, income taxes:16,672(7,293)5,2872571,466(74)3,281
Other undisclosed loss from continuing operations before income taxes(4,573)      
Income (loss) from continuing operations before income taxes:12,099(7,293)5,2872571,466(74)3,281
Income tax expense (benefit)(2,176)1,460(1,166)(154)(7,526)(185)(1,059)
Income (loss) from continuing operations:9,923(5,833)4,121103(6,060)(259)2,222
Income (loss) from discontinued operations 448(42)4(90) 
Net income (loss):9,923(5,829)4,16961(6,056)(349)2,222
Other undisclosed net loss attributable to parent(535)(115)(821)(67)(28)(500)(26)
Net income (loss) attributable to parent:9,388(5,944)3,348(6)(6,084)(849)2,196
Preferred stock dividends and other adjustments(29)(29)(22)    
Net income (loss) available to common stockholders, diluted:9,359(5,973)3,326(6)(6,084)(849)2,196

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):9,923(5,829)4,16961(6,056)(349)2,222
Other comprehensive income (loss)(5,830)8,5136,415(6,293)2,235693(8,086)
Comprehensive income (loss):4,0932,68410,584(6,232)(3,821)344(5,864)
Comprehensive loss, net of tax, attributable to noncontrolling interest(430)(99)(841)(76)(28)(500)(20)
Comprehensive income (loss), net of tax, attributable to parent:3,6632,5859,743(6,308)(3,849)(156)(5,884)

Statements sources

The financial statements are based on the company's filings with the 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: