American International Group, Inc. (AIG) financial statements (2021 and earlier)

Company profile

Business Address 175 WATER STREET
NEW YORK, NY 10038
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27,37716,08612,54712,74814,17011,76132,713
Cash and cash equivalents2,8272,8562,8732,3621,8681,6291,758
Short-term investments24,55013,2309,67410,38612,30210,13230,955
Restricted cash and investments494330343  439 
Total current assets:27,87116,41612,89012,74814,17012,20032,713
Noncurrent Assets
Operating lease, right-of-use asset906648
Property, plant and equipment1,8401,9532,1722,5222,6603,1352,700
Intangible assets, net (including goodwill)4,3934,3714,4421,5941,528 1,454
Goodwill4,0744,0384,0821,5941,528 1,454
Intangible assets, net (excluding goodwill)319333360    
Deferred income tax assets12,62413,146
Total noncurrent assets:19,76320,1186,6144,1164,1883,1354,154
Other undisclosed assets538,847488,530472,480481,437479,906481,608478,714
TOTAL ASSETS:586,481525,064491,984498,301498,264496,943515,581
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities519,282457,637434,675432,593421,406406,733408,309
Total liabilities:519,282457,637434,675432,593421,406406,733408,309
Stockholders' equity
Stockholders' equity attributable to parent, including:66,36265,67556,36165,17176,30089,658106,898
Common stock4,7664,7664,7664,7664,7664,7664,766
Treasury stock, value(49,322)(48,987)(49,144)(47,595)(41,471)(30,098)(19,218)
Additional paid in capital81,41881,34581,26881,07881,06481,51080,958
Accumulated other comprehensive income (loss)13,5114,982(1,413)5,4653,2302,53710,617
Retained earnings15,50423,08420,88421,45728,71130,94329,775
Other undisclosed stockholders' equity attributable to parent485485     
Stockholders' equity attributable to noncontrolling interest8371,752948537558552374
Total stockholders' equity:67,19967,42757,30965,70876,85890,210107,272
TOTAL LIABILITIES AND EQUITY:586,481525,064491,984498,301498,264496,943515,581

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues43,73649,74647,38949,52052,36758,32764,406
Premiums earned, net28,52330,56130,614
Net investment income13,63114,61912,47614,17914,06514,05316,079
Financial services revenue34,30937,12539,41037,254
Cost of revenue(32,639)(34,398)(36,552)(37,852)(40,663)(40,312)(28,273)
Policyholder benefits and claims incurred, net(24,806)(25,402)(27,412)
Deferred policy acquisition costs, amortization expense(4,211)(5,164)(5,386)(4,288)(4,521)(5,236)5,330
Financial services costs(29,972)(32,437)(31,345)(28,273)
Gross profit:11,09715,34810,83711,66811,70418,01536,133
Operating expenses(8,396)(8,537)(9,302)(9,107)(10,989)(12,686)(13,480)
Operating income:2,7016,8111,5352,5617155,32922,653
Nonoperating income (expense)(8,525)(75)3868545(11)(2,116)
Investment income, nonoperating(8,525)(75)3868545(11)(2,714)
Foreign currency transaction gain, before tax      598
Interest and debt expense(1,469)(1,449)(1,316)(1,163)(1,334)(2,037)(4,000)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (6,036)
Income (loss) from continuing operations before income taxes:(7,293)5,2872571,466(74)3,28110,501
Income tax expense (benefit)1,460(1,166)(154)(7,526)(185)(1,059)(2,927)
Income (loss) from continuing operations:(5,833)4,121103(6,060)(259)2,2227,574
Income (loss) from discontinued operations448(42)4(90) (50)
Net income (loss):(5,829)4,16961(6,056)(349)2,2227,524
Other undisclosed net income (loss) attributable to parent(115)(821)(67)(28)(500)(26)5
Net income (loss) attributable to parent:(5,944)3,348(6)(6,084)(849)2,1967,529
Preferred stock dividends and other adjustments(29)(22)     
Net income (loss) available to common stockholders, diluted:(5,973)3,326(6)(6,084)(849)2,1967,529

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(5,829)4,16961(6,056)(349)2,2227,524
Other comprehensive income (loss)8,5136,415(6,293)2,235693(8,086)4,257
Comprehensive income (loss):2,68410,584(6,232)(3,821)344(5,864)11,781
Comprehensive loss, net of tax, attributable to noncontrolling interest(99)(841)(76)(28)(500)(20)(5)
Other undisclosed comprehensive income, net of tax, attributable to parent      10
Comprehensive income (loss), net of tax, attributable to parent:2,5859,743(6,308)(3,849)(156)(5,884)11,786

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.

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