American International Group, Inc. (AIG) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17,47412,54712,74814,17011,76132,71346,481
Cash and cash equivalents3,3612,8732,3621,8681,6291,7582,241
Short-term investments14,1139,67410,38612,30210,13230,95544,240
Restricted cash and investments273343  439  
Total current assets:17,74712,89012,74814,17012,20032,71346,481
Noncurrent Assets
Property, plant and equipment 2,1722,5222,6603,1352,7002,315
Intangible assets, net (including goodwill)4,1004,4421,5941,528 1,4541,475
Goodwill4,1004,0821,5941,528 1,4541,475
Intangible assets, net (excluding goodwill) 360     
Deferred income tax assets13,054
Total noncurrent assets:17,1546,6144,1164,1883,1354,1543,790
Other undisclosed assets490,221472,480481,437479,906481,608478,714491,058
TOTAL ASSETS:525,122491,984498,301498,264496,943515,581541,329
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities457,677434,675432,593421,406406,733408,309440,218
Total liabilities:457,677434,675432,593421,406406,733408,309440,218
Temporary equity, carrying amount      30
Stockholders' equity
Stockholders' equity attributable to parent65,60356,36165,17176,30089,658106,898100,470
Common stock4,7664,7664,7664,7664,7664,7664,766
Treasury stock, value(48,989)(49,144)(47,595)(41,471)(30,098)(19,218)(14,520)
Additional paid in capital81,28781,26881,07881,06481,51080,95880,899
Accumulated other comprehensive income (loss)5,615(1,413)5,4653,2302,53710,6176,360
Retained earnings22,43920,88421,45728,71130,94329,77522,965
Other undisclosed stockholders' equity attributable to parent485      
Stockholders' equity attributable to noncontrolling interest1,842948537558552374611
Total stockholders' equity:67,44557,30965,70876,85890,210107,272101,081
TOTAL LIABILITIES AND EQUITY:525,122491,984498,301498,264496,943515,581541,329

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues50,49147,38949,52052,36758,32764,40668,678
Premiums earned, net31,58130,614
Net investment income13,78612,47614,17914,06514,05316,07915,810
Financial services revenue34,30937,12539,41037,25437,350
Cost of revenue(36,697)(36,552)(37,852)(40,663)(40,312)(28,273)(29,523)
Policyholder benefits and claims incurred, net(27,301)(27,412)
Deferred policy acquisition costs, amortization expense(5,553)(5,386)(4,288)(4,521)(5,236)5,3305,157
Financial services costs(29,972)(32,437)(31,345)(28,273)(29,523)
Gross profit:13,79410,83711,66811,70418,01536,13339,155
Operating expenses(8,763)(9,302)(9,107)(10,989)(12,686)(13,480)(9,166)
Other operating income, net
(Other Expenses)
      4,202
Operating income:5,0311,5352,5617155,32922,65334,191
Nonoperating income (expense)(1)3868545(11)(2,116)(365)
Investment income, nonoperating(1)3868545(11)(2,714)(516)
Foreign currency transaction gain, before tax     598151
Interest and debt expense(1,474)(1,316)(1,163)(1,334)(2,037)(4,000)(2,793)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (6,036)(21,665)
Income (loss) from continuing operations before income taxes:3,5562571,466(74)3,28110,5019,368
Income tax expense(813)(154)(7,526)(185)(1,059)(2,927)(360)
Income (loss) from continuing operations:2,743103(6,060)(259)2,2227,5749,008
Income (loss) from discontinued operations(3)(42)4(90) (50)84
Net income (loss):2,74061(6,056)(349)2,2227,5249,092
Net loss attributable to noncontrolling interest(283)     (7)
Other undisclosed net income (loss) attributable to parent(660)(67)(28)(500)(26)5 
Net income (loss) attributable to parent:1,797(6)(6,084)(849)2,1967,5299,085
Preferred stock dividends and other adjustments(15)      
Net income (loss) available to common stockholders, diluted:1,782(6)(6,084)(849)2,1967,5299,085

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):2,74061(6,056)(349)2,2227,5249,092
Other comprehensive income (loss)6,180(6,293)2,235693(8,086)4,257(6,237)
Comprehensive income (loss):8,920(6,232)(3,821)344(5,864)11,7812,855
Comprehensive loss, net of tax, attributable to noncontrolling interest(972)(76)(28)(500)(20)(5)(16)
Other undisclosed comprehensive income, net of tax, attributable to parent     1032
Comprehensive income (loss), net of tax, attributable to parent:7,948(6,308)(3,849)(156)(5,884)11,7862,871

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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