Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||
net income | 524,000,000 | 1,144,000,000 | 698,000,000 | 901,000,000 | 457,000,000 | -3,884,000,000 | 1,600,000,000 | 2,747,000,000 | 1,691,000,000 | -87,000,000 | 3,041,000,000 | 3,392,000,000 | 4,656,000,000 | 1,737,000,000 | -7,766,000,000 | 1,654,000,000 | 973,000,000 | 1,116,000,000 | 1,211,000,000 |
income from discontinued operations | 0 | 0 | |||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||
noncash revenues, expenses, gains and losses included in income | |||||||||||||||||||
net incomees on sales of securities available for sale and other assets | 86,000,000 | 193,000,000 | 260,000,000 | 505,000,000 | -127,000,000 | -193,000,000 | 452,000,000 | 88,000,000 | 336,000,000 | 450,000,000 | |||||||||
net gain on divestitures and other | 0 | -101,000,000 | |||||||||||||||||
(gain) loss on extinguishment of debt | 0 | ||||||||||||||||||
unrealized gains in earnings - net | 268,000,000 | -488,000,000 | -317,000,000 | -112,000,000 | 500,000,000 | -1,232,000,000 | -2,006,000,000 | -28,000,000 | |||||||||||
equity in income from equity method investments, net of dividends or distributions | -3,000,000 | 3,000,000 | -12,000,000 | -17,000,000 | |||||||||||||||
depreciation and other amortization | 831,000,000 | 883,000,000 | 866,000,000 | 990,000,000 | 856,000,000 | 838,000,000 | 913,000,000 | 971,000,000 | 1,088,000,000 | 1,186,000,000 | 1,220,000,000 | 1,251,000,000 | 1,447,000,000 | 1,220,000,000 | 682,000,000 | 1,878,000,000 | 1,176,000,000 | 1,645,000,000 | 1,012,000,000 |
impairments of assets | 3,000,000 | -2,000,000 | 0 | 26,000,000 | 23,000,000 | 1,000,000 | 11,000,000 | 11,000,000 | -6,000,000 | 41,000,000 | 25,000,000 | 70,000,000 | -6,000,000 | 173,000,000 | |||||
changes in operating assets and liabilities: | |||||||||||||||||||
insurance reserves | -214,000,000 | 1,073,000,000 | -319,000,000 | -1,523,000,000 | -218,000,000 | 730,000,000 | 1,352,000,000 | -665,000,000 | 558,000,000 | 3,015,000,000 | 318,000,000 | -332,000,000 | 1,734,000,000 | 940,000,000 | 206,000,000 | 1,651,000,000 | -1,089,000,000 | -1,458,000,000 | 401,000,000 |
premiums and other receivables and payables - net | -119,000,000 | -1,205,000,000 | 392,000,000 | -32,000,000 | 5,000,000 | -573,000,000 | 29,000,000 | -666,000,000 | -1,581,000,000 | 641,000,000 | -1,268,000,000 | -3,482,000,000 | -4,164,000,000 | -6,000,000 | 1,840,000,000 | -62,000,000 | -64,000,000 | 211,000,000 | -189,000,000 |
reinsurance assets | 326,000,000 | -61,000,000 | -537,000,000 | 1,926,000,000 | 549,000,000 | -38,000,000 | -1,710,000,000 | 1,233,000,000 | 327,000,000 | -2,561,000,000 | 180,000,000 | 1,243,000,000 | -1,223,000,000 | ||||||
capitalization of deferred policy acquisition costs | -888,000,000 | -927,000,000 | -761,000,000 | -854,000,000 | -862,000,000 | -582,000,000 | -1,221,000,000 | -1,236,000,000 | -1,335,000,000 | -1,689,000,000 | -1,161,000,000 | -1,157,000,000 | -1,386,000,000 | -1,170,000,000 | -845,000,000 | -1,379,000,000 | -1,338,000,000 | -1,642,000,000 | -1,201,000,000 |
current and deferred income taxes - net | 216,000,000 | 336,000,000 | 165,000,000 | 473,000,000 | 58,000,000 | -430,000,000 | 367,000,000 | 719,000,000 | -139,000,000 | -200,000,000 | 582,000,000 | 719,000,000 | 1,123,000,000 | 298,000,000 | -2,574,000,000 | 842,000,000 | 234,000,000 | 77,000,000 | 446,000,000 |
other | 56,000,000 | 482,000,000 | -497,000,000 | -1,237,000,000 | 617,000,000 | 1,625,000,000 | -808,000,000 | 811,000,000 | -281,000,000 | -463,000,000 | -39,000,000 | -625,000,000 | -158,000,000 | 410,000,000 | -991,000,000 | -78,000,000 | 327,000,000 | -1,292,000,000 | 383,000,000 |
total adjustments | 819,000,000 | 247,000,000 | -754,000,000 | -822,000,000 | 1,218,000,000 | 1,362,000,000 | -1,081,000,000 | 763,000,000 | -1,077,000,000 | 584,000,000 | 346,000,000 | -2,819,000,000 | -4,599,000,000 | 1,217,000,000 | 9,104,000,000 | -1,668,000,000 | -490,000,000 | 7,970,000,000 | -11,570,000,000 |
net cash from operating activities - continuing operations | 1,343,000,000 | 1,391,000,000 | -56,000,000 | 125,000,000 | 1,699,000,000 | ||||||||||||||
net cash from operating activities - discontinued operations | 0 | 0 | |||||||||||||||||
net cash from operating activities | 1,343,000,000 | 1,391,000,000 | -56,000,000 | 125,000,000 | 1,699,000,000 | 930,000,000 | 519,000,000 | 3,510,000,000 | 614,000,000 | 497,000,000 | 3,387,000,000 | 574,000,000 | 57,000,000 | 2,954,000,000 | 1,339,000,000 | -14,000,000 | 483,000,000 | 9,087,000,000 | -10,359,000,000 |
cash flows from investing activities: | |||||||||||||||||||
proceeds from | |||||||||||||||||||
sales or distributions of: | |||||||||||||||||||
available for sale securities | 2,479,000,000 | 2,625,000,000 | 4,762,000,000 | 6,740,000,000 | 2,175,000,000 | -447,000,000 | 5,595,000,000 | 2,991,000,000 | 5,804,000,000 | 10,676,000,000 | 2,636,000,000 | 8,563,000,000 | 6,097,000,000 | 6,652,000,000 | 6,818,000,000 | 7,040,000,000 | 4,733,000,000 | -2,542,000,000 | 15,307,000,000 |
other securities | 42,000,000 | 68,000,000 | 18,000,000 | 71,000,000 | 80,000,000 | -95,000,000 | 207,000,000 | 467,000,000 | 314,000,000 | 313,000,000 | 519,000,000 | 358,000,000 | 411,000,000 | 238,000,000 | 460,000,000 | 1,577,000,000 | 2,621,000,000 | 1,721,000,000 | 888,000,000 |
other invested assets | 1,029,000,000 | 1,026,000,000 | 316,000,000 | 5,290,000,000 | 535,000,000 | 202,000,000 | 561,000,000 | 624,000,000 | 557,000,000 | 413,000,000 | 674,000,000 | 770,000,000 | 795,000,000 | 1,491,000,000 | 687,000,000 | 1,447,000,000 | 1,414,000,000 | 105,000,000 | 1,826,000,000 |
divestitures | 581,000,000 | 234,000,000 | 3,000,000 | 32,000,000 | |||||||||||||||
maturities of fixed maturity securities available for sale | 2,267,000,000 | 2,041,000,000 | 2,060,000,000 | 2,336,000,000 | 1,949,000,000 | -19,000,000 | 4,957,000,000 | 3,866,000,000 | 4,309,000,000 | 4,130,000,000 | 4,286,000,000 | 4,742,000,000 | 5,674,000,000 | 8,675,000,000 | 5,993,000,000 | 6,768,000,000 | 6,277,000,000 | 4,743,000,000 | 7,145,000,000 |
principal payments received on and sales of mortgage and other loans receivable | 220,000,000 | 406,000,000 | 254,000,000 | 524,000,000 | 217,000,000 | -829,000,000 | 1,095,000,000 | 1,491,000,000 | 2,071,000,000 | 957,000,000 | 2,522,000,000 | 1,621,000,000 | 1,921,000,000 | 1,569,000,000 | 1,345,000,000 | 1,014,000,000 | 1,759,000,000 | 931,000,000 | 1,543,000,000 |
purchases of: | |||||||||||||||||||
mortgage and other loans receivable | -43,000,000 | -127,000,000 | -75,000,000 | -176,000,000 | -55,000,000 | 2,000,000,000 | -2,239,000,000 | -1,978,000,000 | -2,937,000,000 | -2,009,000,000 | -2,232,000,000 | -4,077,000,000 | -3,515,000,000 | -2,437,000,000 | -920,000,000 | -1,733,000,000 | -3,593,000,000 | -738,000,000 | -2,181,000,000 |
net change in short-term investments | 701,000,000 | 572,000,000 | 3,877,000,000 | -2,862,000,000 | 1,001,000,000 | -1,812,000,000 | 2,135,000,000 | -3,552,000,000 | 1,895,000,000 | -1,152,000,000 | -5,386,000,000 | 142,000,000 | 3,645,000,000 | 1,504,000,000 | -1,834,000,000 | -6,023,000,000 | 251,000,000 | -6,087,000,000 | 1,250,000,000 |
net cash from investing activities - continuing operations | -56,000,000 | 564,000,000 | 2,751,000,000 | 2,653,000,000 | 315,000,000 | ||||||||||||||
net cash from investing activities - discontinued operations | 0 | 0 | |||||||||||||||||
net cash from investing activities | -56,000,000 | 564,000,000 | 2,751,000,000 | 2,653,000,000 | 315,000,000 | -1,604,000,000 | 308,000,000 | -3,431,000,000 | 833,000,000 | -1,474,000,000 | -4,799,000,000 | 1,681,000,000 | 853,000,000 | -1,279,000,000 | -2,270,000,000 | -633,000,000 | -646,000,000 | -18,634,000,000 | 14,487,000,000 |
cash flows from financing activities: | |||||||||||||||||||
issuance of long-term debt | 0 | 660,000,000 | 0 | 496,000,000 | -1,000,000 | 743,000,000 | 997,000,000 | 6,465,000,000 | 11,000,000 | 25,000,000 | 365,000,000 | 2,048,000,000 | 151,000,000 | ||||||
repayments of long-term debt | 0 | -840,000,000 | -247,000,000 | -1,537,000,000 | -46,000,000 | -3,000,000 | -461,000,000 | -224,000,000 | -450,000,000 | -1,000,000 | -49,000,000 | -7,593,000,000 | -7,000,000 | -1,612,000,000 | -1,511,000,000 | -308,000,000 | -602,000,000 | ||
repayments of debt of consolidated investment entities | -1,000,000 | 0 | -121,000,000 | -120,000,000 | -159,000,000 | -127,000,000 | -171,000,000 | -204,000,000 | -737,000,000 | -650,000,000 | |||||||||
purchase of common stock | -1,245,000,000 | -1,778,000,000 | -2,229,000,000 | -1,822,000,000 | -1,505,000,000 | -1,685,000,000 | -1,640,000,000 | -810,000,000 | -540,000,000 | -577,000,000 | -1,293,000,000 | -1,711,000,000 | -1,394,000,000 | -1,059,000,000 | 0 | -500,000,000 | -3,585,000,000 | ||
redemption of preferred stock | 0 | 0 | 0 | -485,000,000 | |||||||||||||||
dividends on preferred stock and preferred stock redemption premiums | 0 | 0 | 0 | -22,000,000 | |||||||||||||||
dividends on common stock | -246,000,000 | -254,000,000 | -234,000,000 | -244,000,000 | -254,000,000 | -261,000,000 | -243,000,000 | ||||||||||||
net cash from financing activities - continuing operations | -1,532,000,000 | -1,535,000,000 | -2,677,000,000 | -2,475,000,000 | -1,911,000,000 | ||||||||||||||
net cash from financing activities - discontinued operations | -529,000,000 | 0 | |||||||||||||||||
net cash from financing activities | -1,532,000,000 | -1,535,000,000 | -2,677,000,000 | -3,004,000,000 | -1,911,000,000 | 993,000,000 | -1,141,000,000 | -124,000,000 | -932,000,000 | 817,000,000 | 1,222,000,000 | -2,198,000,000 | -595,000,000 | -1,460,000,000 | 1,480,000,000 | 660,000,000 | 737,000,000 | 9,266,000,000 | -4,048,000,000 |
effect of exchange rate changes on cash and restricted cash | -2,000,000 | 13,000,000 | 18,000,000 | -46,000,000 | 29,000,000 | -37,000,000 | -29,000,000 | -55,000,000 | 16,000,000 | 2,000,000 | -42,000,000 | -59,000,000 | -13,000,000 | -6,000,000 | -7,000,000 | 10,000,000 | 11,000,000 | ||
net increase in cash and restricted cash | -247,000,000 | 433,000,000 | 36,000,000 | 132,000,000 | -100,000,000 | 531,000,000 | -158,000,000 | -232,000,000 | -1,000,000 | 302,000,000 | 209,000,000 | 542,000,000 | 23,000,000 | ||||||
cash and restricted cash at beginning of year | 0 | 0 | 1,372,000,000 | 0 | 0 | -631,000,000 | 2,204,000,000 | 0 | 0 | 2,216,000,000 | 0 | 0 | 2,427,000,000 | 0 | 0 | 3,287,000,000 | 0 | ||
cash and restricted cash of held for sale assets | 25,000,000 | -112,000,000 | 2,000,000 | -218,000,000 | |||||||||||||||
cash and restricted cash at end of period | -247,000,000 | 433,000,000 | 1,408,000,000 | 157,000,000 | -461,000,000 | 1,863,000,000 | -318,000,000 | 294,000,000 | 2,058,000,000 | -232,000,000 | -1,000,000 | 2,729,000,000 | -227,000,000 | 533,000,000 | 3,319,000,000 | 585,000,000 | |||
aig | third quarter 2025 form 10-q | |||||||||||||||||||
equity in (income) income from equity method investments, net of dividends or distributions | -59,000,000 | 13,000,000 | -6,000,000 | 21,000,000 | -89,000,000 | -91,000,000 | 65,000,000 | 167,000,000 | 57,000,000 | -119,000,000 | |||||||||
aig | second quarter 2025 form 10-q | |||||||||||||||||||
net (gain) loss on divestitures and other | -3,000,000 | -96,000,000 | -6,000,000 | 2,000,000 | |||||||||||||||
6 | |||||||||||||||||||
(income) income from discontinued operations | 46,000,000 | 24,000,000 | |||||||||||||||||
unrealized (gains) losses in earnings - net | -567,000,000 | 403,000,000 | 264,000,000 | -2,549,000,000 | -226,000,000 | ||||||||||||||
issuance of debt of consolidated investment entities | 57,000,000 | 57,000,000 | 112,000,000 | 36,000,000 | 41,000,000 | 111,000,000 | 697,000,000 | 916,000,000 | |||||||||||
net decrease in cash and restricted cash | -343,000,000 | ||||||||||||||||||
cash and restricted cash at end of year | |||||||||||||||||||
98 | |||||||||||||||||||
loss on extinguishment of debt | 0 | ||||||||||||||||||
aig | third quarter 2024 form 10-q | |||||||||||||||||||
aig | second quarter 2024 form 10-q | |||||||||||||||||||
change in the fair value of market risk benefits in earnings | -891,000,000 | -693,000,000 | -679,000,000 | 316,000,000 | |||||||||||||||
policyholder contract deposits | 8,504,000,000 | 8,630,000,000 | 7,694,000,000 | 8,226,000,000 | 7,322,000,000 | 6,065,000,000 | 6,392,000,000 | 6,350,000,000 | 3,431,000,000 | 4,979,000,000 | 5,823,000,000 | 7,472,000,000 | 4,002,000,000 | ||||||
policyholder contract withdrawals | -7,150,000,000 | -7,608,000,000 | -6,333,000,000 | -6,468,000,000 | -5,269,000,000 | -4,665,000,000 | -4,802,000,000 | -4,994,000,000 | -4,230,000,000 | -4,337,000,000 | -4,112,000,000 | -4,680,000,000 | -3,682,000,000 | ||||||
repayments of delayed draw term loan agreement | |||||||||||||||||||
borrowings under delayed draw term loan agreement | |||||||||||||||||||
dividends paid on preferred stock | -7,000,000 | -8,000,000 | -7,000,000 | -7,000,000 | -8,000,000 | -7,000,000 | -7,000,000 | -8,000,000 | -7,000,000 | -8,000,000 | |||||||||
dividends paid on common stock | -254,000,000 | -260,000,000 | -234,000,000 | -240,000,000 | -248,000,000 | -258,000,000 | -269,000,000 | -275,000,000 | -276,000,000 | -278,000,000 | |||||||||
aig | third quarter 2023 form 10-q | |||||||||||||||||||
aig | second quarter 2023 form 10-q | |||||||||||||||||||
net (gains) losses on sales of securities available for sale and other assets | -12,000,000 | 584,000,000 | 165,000,000 | -112,000,000 | |||||||||||||||
net gain on divestitures | -6,000,000 | 1,000,000 | -40,000,000 | ||||||||||||||||
change in cash of held for sale assets | |||||||||||||||||||
aig | third quarter 2022 form 10-q | |||||||||||||||||||
aig | second quarter 2022 form 10-q | |||||||||||||||||||
gains on extinguishment of debt | |||||||||||||||||||
cash | 2,537,000,000 | -61,000,000 | 670,000,000 | 2,738,000,000 | 426,000,000 | ||||||||||||||
restricted cash included in short-term investments* | 152,000,000 | 18,000,000 | -127,000,000 | 324,000,000 | 46,000,000 | ||||||||||||||
restricted cash included in other assets* | 40,000,000 | -184,000,000 | -10,000,000 | 257,000,000 | 113,000,000 | ||||||||||||||
total cash and restricted cash shown in the condensed consolidated statements of cash flows | 2,729,000,000 | -227,000,000 | 533,000,000 | 3,319,000,000 | 585,000,000 | ||||||||||||||
net gains on sales of securities available for sale and other assets | -562,000,000 | -265,000,000 | -459,000,000 | ||||||||||||||||
net (gains) losses on divestitures | |||||||||||||||||||
losses on extinguishment of debt | 51,000,000 | 0 | |||||||||||||||||
reinsurance assets and funds held under reinsurance contracts | 189,000,000 | ||||||||||||||||||
net (gains) losses on sale or disposal of divested businesses | |||||||||||||||||||
divested businesses | 24,000,000 | ||||||||||||||||||
net gain on sales of securities available for sale and other assets | |||||||||||||||||||
net (gain) loss on sale or disposal of divested businesses | 8,412,000,000 | 216,000,000 | |||||||||||||||||
unrealized losses in earnings - net | |||||||||||||||||||
issuance of long-term debt and debt of consolidated investment entities | 4,836,000,000 | 673,000,000 | |||||||||||||||||
repayments of long-term debt and debt of consolidated investment entities | -993,000,000 | -884,000,000 | |||||||||||||||||
issuance of preferred stock, net of issuance costs | |||||||||||||||||||
noncash revenues, expenses, gains and losses included in income: | |||||||||||||||||||
(gains) losses on extinguishment of debt | 17,000,000 | ||||||||||||||||||
reinsurance assets and funds held under reinsurance treaties | -2,131,000,000 | 1,134,000,000 | 9,903,000,000 | -12,237,000,000 | |||||||||||||||
borrowings under syndicated credit facility | 1,300,000,000 | ||||||||||||||||||
change in cash of businesses held for sale | 9,000,000 | 52,000,000 | |||||||||||||||||
net (gain) loss on sale of divested businesses | |||||||||||||||||||
acquisition of businesses, net of cash and restricted cash acquired | |||||||||||||||||||
issuance of preferred stock | 0 | ||||||||||||||||||
net gain on sale of divested businesses | |||||||||||||||||||
net income on sale of divested businesses | 100,000,000 | ||||||||||||||||||
net change in restricted cash | -22,000,000 | ||||||||||||||||||
dividends paid | -307,000,000 | ||||||||||||||||||
effect of exchange rate changes on cash | -82,000,000 | ||||||||||||||||||
net decrease in cash | |||||||||||||||||||
cash at beginning of year | 1,868,000,000 | ||||||||||||||||||
cash at end of period | 1,918,000,000 | ||||||||||||||||||
supplementary disclosure of condensed consolidated cash flow information | |||||||||||||||||||
cash paid during the period for: | |||||||||||||||||||
interest | 354,000,000 | ||||||||||||||||||
taxes | 68,000,000 | ||||||||||||||||||
non-cash investing/financing activities: | |||||||||||||||||||
interest credited to policyholder contract deposits included in financing activities | 824,000,000 | ||||||||||||||||||
see accompanying notes to condensed consolidated financial statements. |
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