American International (AIG) 10-Q 2 Nov 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2023	Oct. 27, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	1-8787
Entity Registrant Name	American International Group, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-2592361
Entity Address, Address Line One	1271 Avenue of the Americas
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10020
City Area Code	212
Local Phone Number	770-7000
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		702,040,343
Document Fiscal Year Focus	2023
Entity Central Index Key	0000005272
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Common Stock, Par Value $2.50 Per Share
Document Information [Line Items]
Title of 12(b) Security	Common Stock, Par Value $2.50 Per Share
Trading Symbol	AIG
Security Exchange Name	NYSE
4.875% Series A-3 Junior Subordinated Debentures
Document Information [Line Items]
Title of 12(b) Security	4.875% Series A-3 Junior Subordinated Debentures
Trading Symbol	AIG 67EU
Security Exchange Name	NYSE
Depositary Shares Each Representing a 1/1,000th Interest in a Share of Series A 5.85% Non-Cumulative Perpetual Preferred Stock
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares Each Representing a 1/1,000th Interest in a Share of Series A 5.85% Non-Cumulative Perpetual Preferred Stock
Trading Symbol	AIG PRA
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions		Sep. 30, 2023	Dec. 31, 2022
Fixed maturity securities:
Bonds available for sale, at fair value, net of allowance for credit losses of $138 in 2023 and $186 in 2022 (amortized cost: 2023 - $248,691; 2022 - $255,993)*	[1]	$ 214,940	$ 226,156
Other bond securities, at fair value (See Note 5)	[1]	4,840	4,485
Equity securities, at fair value (See Note 5)	[1]	515	575
Mortgage and other loans receivable, net of allowance for credit losses of $38,521 in 2023 and $38,351 in 2022*	[1]	50,922	49,605
Other invested assets (portion measured at fair value: 2023 - $12,014; 2022 - $12,042)*	[1]	16,054	15,953
Short-term investments, including restricted cash of $4 in 2023 and $140 in 2022 (portion measured at fair value: 2023 - $6,459; 2022 - $5,708)*	[1]	13,048	12,376
Total investments		300,319	309,150
Cash	[1]	1,994	2,043
Accrued investment income	[1]	2,574	2,376
Premiums and other receivables, net of allowance for credit losses and disputes of $141 in 2023 and $169 in 2022		11,388	13,243
Deferred income taxes		14,612	14,804
Deferred policy acquisition costs		11,999	12,857
Market risk benefit assets, at fair value		978	796
Other assets, net of allowance for credit losses of $49 in 2023 and $49 in 2022, including restricted cash of $36 in 2023 and $33 in 2022 (portion measured at fair value: 2023 - $485; 2022 - $621)*	[1]	11,857	12,384
Separate account assets, at fair value		84,724	84,853
Assets held for sale		14,018	0
Total assets		521,521	522,228
Liabilities:
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2023 and $14 in 2022		69,823	75,167
Unearned premiums		18,409	18,338
Future policy benefits for life and accident and health insurance contracts		51,666	51,914
Policyholder contract deposits (portion measured at fair value: 2023 - $6,376; 2022 - $5,408)		159,737	155,984
Market risk benefit liabilities, at fair value		4,519	4,736
Other policyholder funds		3,365	3,463
Fortitude Re funds withheld payable (portion measured at fair value: 2023 - $(3,413); 2022 - $(2,235))		27,691	30,383
Other liabilities (portion measured at fair value: 2023 - $351; 2022 - $343)*	[1]	24,202	26,757
Separate account liabilities		84,724	84,853
Liabilities held for sale		10,117	0
Total liabilities		478,308	478,774
Contingencies, commitments and guarantees (See Note 15)
AIG shareholders’ equity:
Series A non-cumulative preferred stock and additional paid in capital, $5.00 par value; 100,000,000 shares authorized; shares issued: 2023 - 20,000 and 2022 - 20,000; liquidation preference $500		485	485
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2023 - 1,906,671,492 and 2022 - 1,906,671,492		4,766	4,766
Treasury stock, at cost; 2023 - 1,202,096,780 shares; 2022 - 1,172,543,436 shares of common stock		(58,191)	(56,473)
Additional paid-in capital		77,764	79,915
Retained earnings		37,689	34,893
Accumulated other comprehensive loss		(22,529)	(22,616)
Total AIG shareholders’ equity		39,984	40,970
Non-redeemable noncontrolling interests		3,229	2,484
Total equity		43,213	43,454
Total liabilities and equity		521,521	522,228
Recurring Basis
Fixed maturity securities:
Other invested assets (portion measured at fair value: 2023 - $12,014; 2022 - $12,042)*		12,014	12,042
Short-term investments, including restricted cash of $4 in 2023 and $140 in 2022 (portion measured at fair value: 2023 - $6,459; 2022 - $5,708)*		6,459	5,708
Market risk benefit assets, at fair value		978	796
Other assets, net of allowance for credit losses of $49 in 2023 and $49 in 2022, including restricted cash of $36 in 2023 and $33 in 2022 (portion measured at fair value: 2023 - $485; 2022 - $621)*		485	621
Liabilities:
Policyholder contract deposits (portion measured at fair value: 2023 - $6,376; 2022 - $5,408)		6,376	5,408
Market risk benefit liabilities, at fair value		4,519	4,736
Fortitude Re funds withheld payable (portion measured at fair value: 2023 - $(3,413); 2022 - $(2,235))		3,413	2,235
Consolidated Entities, Excluding Consolidated Investments
Liabilities:
Short-term and long-term debt		21,338	21,299
Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Short-term and long-term debt	[1]	2,717	5,880
Fortitude RE
Fixed maturity securities:
Reinsurance assets, net of allowance for credit losses and disputes		28,895	30,751
Excluding Fortitude
Fixed maturity securities:
Reinsurance assets, net of allowance for credit losses and disputes		$ 38,163	$ 38,971
[1]See Note 10 for details of balances associated with variable interest entities.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions		Sep. 30, 2023	Dec. 31, 2022
Assets:
Bonds available for sale, allowance for credit losses		$ 138	$ 186
Bonds available for sale, amortized cost		248,691	255,993
Mortgage and other loans receivable, allowance for credit losses		38,521	38,351
Other invested assets	[1]	16,054	15,953
Short-term investments	[1]	13,048	12,376
Premiums and other receivables, allowance for credit losses and disputes		141	169
Other assets, allowance for credit losses		49	49
Other assets	[1]	11,857	12,384
Liabilities:
Liability for unpaid losses and loss adjustment expenses, allowance for credit losses		14	14
Policyholder contract deposits		159,737	155,984
Fortitude Re funds withheld payable (portion measured at fair value: 2023 - $(3,413); 2022 - $(2,235))		(27,691)	(30,383)
Short term debt		$ 1,000	$ 1,500
AIG shareholders’ equity:
Preferred stock, par value (in dollars per share)		$ 5	$ 5
Preferred stock, shares authorized (in shares)		100,000,000	100,000,000
Preferred stock, shares issued (in shares)		20,000	20,000
Preferred stock liquidation preference		$ 500	$ 500
Common stock, par value (in dollars per share)		$ 2.50	$ 2.50
Common stock, shares authorized (in shares)		5,000,000,000	5,000,000,000
Common stock, shares issued (in shares)		1,906,671,492	1,906,671,492
Treasury stock, shares of common stock (in shares)		1,202,096,780	1,172,543,436
Fortitude RE
Assets:
Reinsurance asset, allowance for credit loss		$ 0	$ 0
Excluding Fortitude
Assets:
Reinsurance asset, allowance for credit loss		275	295
Short-term investments, at cost (approximates fair value)
Assets:
Restricted cash		4	140
Other assets
Assets:
Restricted cash		36	33
Recurring Basis
Assets:
Other invested assets		12,014	12,042
Short-term investments		6,459	5,708
Other assets		485	621
Liabilities:
Policyholder contract deposits		6,376	5,408
Fortitude Re funds withheld payable (portion measured at fair value: 2023 - $(3,413); 2022 - $(2,235))		(3,413)	(2,235)
Other liabilities		351	343
Long-term debt, portion measured at fair value		$ 102	$ 56
[1]See Note 10 for details of balances associated with variable interest entities.

Consolidated Statements of Inco

Consolidated Statements of Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues:
Premiums	$ 7,244	$ 7,828	$ 24,782	$ 22,460
Policy fees	702	735	2,094	2,193
Total net investment income	3,556	2,668	10,660	8,509
Total net realized gains (losses)	1,081	2,572	(1,125)	8,783
Other income	191	195	565	660
Total revenues	12,774	13,998	36,976	42,605
Benefits, losses and expenses:
Policyholder benefits and losses incurred (including remeasurement (gains) losses of $35 and $17 for the three months ended September 30, 2023 and 2022, respectively; $192 and $244 for the nine months ended September 30, 2023 and 2022, respectively)	4,982	6,049	18,237	16,093
Change in the fair value of market risk benefits, net	(418)	(435)	(484)	(713)
Interest credited to policyholder account balances	1,135	959	3,237	2,749
Amortization of deferred policy acquisition costs	1,190	1,170	3,673	3,423
General operating and other expenses	2,117	2,075	6,365	6,445
Interest expense	280	282	865	811
Gain (loss) on extinguishment of debt	21	0	21	299
Net (gain) loss on divestitures and other	(101)	(6)	(142)	(45)
Total benefits, losses and expenses	9,206	10,094	31,772	29,062
Income (loss) from continuing operations before income tax expense (benefit)	3,568	3,904	5,204	13,543
Income tax expense (benefit)	821	817	853	2,816
Income (loss) from continuing operations	2,747	3,087	4,351	10,727
Income (loss) from discontinued operations, net of income tax expense	0	0	0	(1)
Net income (loss)	2,747	3,087	4,351	10,726
Less:
Net income (loss) from continuing operations attributable to noncontrolling interests	720	339	801	1,051
Net income (loss) attributable to AIG	2,027	2,748	3,550	9,675
Less: Dividends on preferred stock	7	7	22	22
Net income attributable to AIG common shareholders	$ 2,020	$ 2,741	$ 3,528	$ 9,653
Basic:
Income (loss) from continuing operations (in dollars per share)	$ 2.83	$ 3.59	$ 4.86	$ 12.22
Income from discontinued operations (in dollars per share)	0	0	0	0
Net income (loss) attributable to AIG common shareholders (in dollars per share)	2.83	3.59	4.86	12.22
Diluted:
Income (loss) from continuing operations (in dollars per share)	2.81	3.55	4.83	12.08
Income from discontinued operations (in dollars per share)	0	0	0	0
Net income attributable to AIG common shareholders (in dollars per share)	$ 2.81	$ 3.55	$ 4.83	$ 12.08
Weighted average shares outstanding:
Basic (in shares)	712,598,496	763,051,482	725,579,999	789,888,322
Diluted (in shares)	718,727,312	771,132,401	731,033,045	799,092,556
Excluding Fortitude Re Funds Withheld Assets
Revenues:
Total net investment income	$ 3,292	$ 2,513	$ 9,659	$ 7,875
Total net realized gains (losses)	171	901	(881)	1,244
Fortitude Re funds withheld assets
Revenues:
Total net investment income	264	155	1,001	634
Total net realized gains (losses)	(227)	(86)	(396)	(312)
Fortitude Re funds withheld embedded derivative
Revenues:
Total net realized gains (losses)	$ 1,137	$ 1,757	$ 152	$ 7,851

Consolidated Statements of In_2

Consolidated Statements of Income (Loss) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Remeasurement gain (loss) on policyholder contract deposits	$ 35	$ 17	$ 192	$ 244

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 2,747	$ 3,087	$ 4,351	$ 10,726
Other comprehensive income (loss), net of tax
Change in unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken	(66)	(74)	24	(83)
Change in unrealized appreciation (depreciation) of all other investments	(5,694)	(9,504)	(3,440)	(40,427)
Change in fair value of market risk benefits attributable to changes in our own credit risk	(81)	253	(196)	1,617
Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts	1,147	1,725	1,100	5,885
Change in foreign currency translation adjustments	(269)	(721)	(356)	(1,062)
Change in retirement plan liabilities adjustment	45	15	125	40
Change in fair value of liabilities under fair value option attributable to changes in our own credit risk	0	0	0	(4)
Other comprehensive income (loss)	(4,918)	(8,306)	(2,743)	(34,034)
Comprehensive income (loss)	(2,171)	(5,219)	1,608	(23,308)
Comprehensive income (loss) attributable to noncontrolling interests	(712)	(378)	(263)	(1,676)
Comprehensive income (loss) attributable to AIG	$ (1,459)	$ (4,841)	$ 1,871	$ (21,632)

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Millions		Total	Total AIG Shareholders' Equity	Preferred Stock and Additional Paid-in Capital	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Non- redeemable Non- controlling Interests
Balance, beginning of period at Dec. 31, 2021	[1]	$ 69,034	$ 66,068	$ 485	$ 4,766	$ (51,618)	$ 81,669	$ 25,695	$ 5,071	$ 2,966
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued under stock plans		(83)	(83)			243	(326)
Purchase of common stock		(4,370)	(4,370)			(4,370)
Net income attributable to AIG or noncontrolling interests		10,726	9,675					9,675		1,051
Dividends on preferred stock		(22)	(22)					(22)
Dividends on common stock		(746)	(746)					(746)
Other comprehensive loss		(34,034)	(31,307)						(31,307)	(2,727)
Net decrease due to divestitures and acquisitions		1,626	497				(1,619)		2,116	1,129
Contributions from noncontrolling interests		22								22
Distributions to noncontrolling interests		(230)								(230)
Other		190	194				208	(14)		(4)
Balance, end of period at Sep. 30, 2022		42,113	39,906	485	4,766	(55,745)	79,932	34,588	(24,120)	2,207
Balance, beginning of period at Jun. 30, 2022		47,224	45,712	485	4,766	(54,480)	81,497	32,091	(18,647)	1,512
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued under stock plans		2	2			3	(1)
Purchase of common stock		(1,268)	(1,268)			(1,268)
Net income attributable to AIG or noncontrolling interests		3,087	2,748					2,748		339
Dividends on preferred stock		(7)	(7)					(7)
Dividends on common stock		(240)	(240)					(240)
Other comprehensive loss		(8,306)	(7,589)						(7,589)	(717)
Net decrease due to divestitures and acquisitions		1,626	497				(1,619)		2,116	1,129
Contributions from noncontrolling interests		17								17
Distributions to noncontrolling interests		(63)								(63)
Other		41	51				55	(4)		(10)
Balance, end of period at Sep. 30, 2022		42,113	39,906	485	4,766	(55,745)	79,932	34,588	(24,120)	2,207
Balance, beginning of period at Dec. 31, 2022		43,454	40,970	485	4,766	(56,473)	79,915	34,893	(22,616)	2,484
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued under stock plans		(132)	(132)			241	(373)
Purchase of common stock		(1,959)	(1,959)			(1,959)
Net income attributable to AIG or noncontrolling interests		4,351	3,550					3,550		801
Dividends on preferred stock		(22)	(22)					(22)
Dividends on common stock		(748)	(748)					(748)
Other comprehensive loss		(2,743)	(1,679)						(1,679)	(1,064)
Net decrease due to divestitures and acquisitions		1,127	(92)				(1,858)		1,766	1,219
Contributions from noncontrolling interests		35	(92)							35
Distributions to noncontrolling interests		(317)								(317)
Other		167	96				80	16		71
Balance, end of period at Sep. 30, 2023		43,213	39,984	485	4,766	(58,191)	77,764	37,689	(22,529)	3,229
Balance, beginning of period at Jun. 30, 2023		46,491	42,454	485	4,766	(57,408)	77,677	35,916	(18,982)	4,037
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued under stock plans		8	8			11	(3)
Purchase of common stock		(794)	(794)			(794)
Net income attributable to AIG or noncontrolling interests		2,747	2,027					2,027		720
Dividends on preferred stock		(7)	(7)					(7)
Dividends on common stock		(254)	(254)					(254)
Other comprehensive loss		(4,918)	(3,486)						(3,486)	(1,432)
Net decrease due to divestitures and acquisitions		(48)	(6)				55		(61)	(42)
Contributions from noncontrolling interests		8	(6)							8
Distributions to noncontrolling interests		(65)								(65)
Other		45	42				35	7		3
Balance, end of period at Sep. 30, 2023		$ 43,213	$ 39,984	$ 485	$ 4,766	$ (58,191)	$ 77,764	$ 37,689	$ (22,529)	$ 3,229
[1]Updated to reflect the adoption of long-duration targets improvements, see Note 2.

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Stockholders' Equity [Abstract]
Dividends declared, preferred stock (in dollars per share)	$ 365.625	$ 365.625	$ 1,096.875	$ 1,096.875
Dividend paid (in dollars per share)	$ 0.36	$ 0.32	$ 1.04	$ 0.96

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2023		Sep. 30, 2022
Cash flows from operating activities:
Net income (loss)		$ 4,351		$ 10,726
Loss from discontinued operations, net of income taxes		0		1
Noncash revenues, expenses, gains and losses included in income (loss):
Net losses on sales of securities available for sale and other assets		874		737
Net (gain) loss on divestitures and other		(142)		(45)
Gain (loss) on extinguishment of debt		21		299
Unrealized (gains) losses in earnings - net		795		(171)
Change in the fair value of market risk benefits in earnings, net		(1,056)		(1,032)
Equity in (income) loss from equity method investments, net of dividends or distributions		10		(159)
Depreciation and other amortization		3,245		3,321
Impairments of assets		35		12
Changes in operating assets and liabilities:
Insurance reserves		2,908		434
Premiums and other receivables and payables - net		(1,606)		(8,953)
Reinsurance assets, net		(1,001)		1,317
Capitalization of deferred policy acquisition costs		(4,260)		(3,756)
Current and deferred income taxes - net		380		2,327
Other, net		67		(1,091)
Total adjustments		270		(6,760)
Net cash provided by operating activities		4,621		3,967
Sales or distributions of:
Available for sale securities		19,471		17,296
Other securities		1,094		1,288
Other invested assets		1,594		2,239
Divestitures, net		269		0
Maturities of fixed maturity securities available for sale		12,305		14,702
Principal payments received on and sales of mortgage and other loans receivable		4,519		6,064
Purchases of:
Available for sale securities		(29,503)		(28,896)
Other securities		(1,303)		(3,198)
Other invested assets		(1,407)		(1,701)
Mortgage and other loans receivable		(6,924)		(9,824)
Net change in short-term investments		(2,809)		(1,599)
Other, net		(1,378)		1,364
Net cash used in investing activities		(4,072)		(2,265)
Proceeds from (payments for)
Policyholder contract deposits		24,550		19,831
Policyholder contract withdrawals		(20,409)		(14,736)
Issuance of debt		1,238		7,473
Repayments of debt		(675)		(7,649)
Borrowings under delayed draw term loan agreement		0		1,502
Purchase of common stock		(1,927)		(4,398)
Dividends paid on preferred stock		(22)		(22)
Dividends paid on common stock		(748)		(746)
Other, net		(1,545)		(2,511)
Net cash used in financing activities		(239)		(1,519)
Effect of exchange rate changes on cash and restricted cash		(37)		(114)
Net increase in cash and restricted cash		273		69
Cash and restricted cash at beginning of year		2,216		2,427
Cash and restricted cash at end of period		2,034		2,496
Cash and restricted cash of held for sale assets		(455)		0
Cash Equivalents, Restricted Cash and Restricted Cash Equivalents:
Cash		1,994	[1]	2,294
Total cash and restricted cash shown in the Condensed Consolidated Statements of Cash Flows		2,034		2,496
Cash paid during the period for:
Interest		745		734
Taxes		473		489
Non-cash investing activities:
Fixed maturity securities available for sale received in connection with pension risk transfer transactions		2,818		0
Fixed maturity securities and other invested assets received in connection with reinsurance transactions		0		2
Fixed maturity securities and other invested assets transferred in connection with reinsurance transactions		(825)		(212)
Non-cash financing activities:
Interest credited to policyholder contract deposits included in financing activities		3,217		2,667
Fee income debited to policyholder contract deposits included in financing activities		(1,567)		(1,268)
Consolidated VIE
Proceeds from (payments for)
Issuance of debt		205		849
Repayments of debt		(406)		(1,112)
Repayments of delayed draw term loan agreement		(500)		0
Cash Equivalents, Restricted Cash and Restricted Cash Equivalents:
Cash		54
Short-term investments
Cash Equivalents, Restricted Cash and Restricted Cash Equivalents:
Restricted cash	[2]	4		133
Other assets
Cash Equivalents, Restricted Cash and Restricted Cash Equivalents:
Restricted cash	[2]	$ 36		$ 69
[1]See Note 10 for details of balances associated with variable interest entities.[2]Includes funds held for tax sharing payments to AIG Parent, security deposits, and replacement reserve deposits related to real estate.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide insurance solutions that help businesses and individuals in approximately 70 countries and jurisdictions protect their assets and manage risks. Unless the context indicates otherwise, the terms “AIG,” “we,” “us,” “our” or "the Company" mean American International Group, Inc. and its consolidated subsidiaries, and the term “AIG Parent” means American International Group, Inc. and not any of its consolidated subsidiaries. These unaudited Condensed Consolidated Financial Statements do not include all disclosures that are normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States (GAAP) and should be read in conjunction with the audited Consolidated Financial Statements and the related notes included in our Annual Report on Form 10-K for the year ended December 31, 2022 (the 2022 Annual Report). The condensed consolidated financial information as of December 31, 2022 included herein has been derived from the audited Consolidated Financial Statements in the 2022 Annual Report. Prior to the fourth quarter ending December 31, 2022, certain of our foreign subsidiaries included in the Condensed Consolidated Financial Statements report on the basis of a fiscal year ending November 30. For these periods, the effect on our consolidated financial condition and results of operations of all material events occurring at these subsidiaries through the date of each of the periods presented in these Condensed Consolidated Financial Statements has been considered for adjustment and/or disclosure. Effective with the fourth quarter of the year ended December 31, 2022, these foreign subsidiaries now report on the basis of a calendar year ending December 31, and corresponding calendar quarters. For additional information on the change in fiscal year of these foreign subsidiaries, see Note 1 in our 2022 Annual Report. In the opinion of management, these Condensed Consolidated Financial Statements contain normal recurring adjustments, including eliminations of material intercompany accounts and transactions, necessary for a fair statement of the results presented herein. Operating results for the nine months ended September 30, 2023, are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. We evaluated the need to recognize or disclose events that occurred subsequent to September 30, 2023 and prior to the issuance of these Condensed Consolidated Financial Statements. We adopted the Financial Accounting Standards Board's (FASB) targeted improvements to the accounting for long-duration contracts (the standard or LDTI) on January 1, 2023 with a transition date of January 1, 2021 (Transition Date). In accordance with the transition guidance in the standard, we updated our prior period Condensed Consolidated Financial Statements presented herein to reflect LDTI. For additional detail, see Note 2. SALES/DISPOSALS OF ASSETS AND BUSINESSES AIG Life Limited On September 25, 2023, Corebridge Financial, Inc. (Corebridge) announced that it entered into a definitive agreement to sell AIG Life Limited (AIG Life) to Aviva plc for £460 million in cash, subject to certain adjustments. The sale of AIG Life is expected to close in the first half of 2024, subject to regulatory approvals and other customary closing conditions. For further details on this transaction, see Note 4. Laya Healthcare Limited On August 3, 2023, Corebridge announced that it entered into a definitive agreement to sell its subsidiary, Laya Healthcare Limited (Laya), to AXA for €650 million in cash, subject to certain adjustments. On October 31, 2023, Corebridge completed the sale of Laya to AXA. For further details on this transaction, see Note 4. Validus Re On May 22, 2023, AIG announced that it entered into a definitive agreement to sell Validus Reinsurance, Ltd. (Validus Re), including AlphaCat Managers Ltd. and the Talbot Treaty reinsurance business, to RenaissanceRe Holdings Ltd. (RenaissanceRe). On November 1, 2023, AIG completed the sale of Validus Re to RenaissanceRe and received $2.7 billion in cash from RenaissanceRe and 1.3 million shares of RenaissanceRe common stock valued at approximately $275 million as of the closing date. For further details on this transaction, see Note 4. Crop Risk Services On May 2, 2023, AIG announced that it reached an agreement to sell Crop Risk Services, Inc. (CRS) to American Financial Group, Inc. (AFG) and in substance, AIG exited the crop business. The gross proceeds, before deducting commissions, are $234 million. On July 3, 2023, the transaction closed, resulting in a pre-tax gain of $126 million. Separation of Life and Retirement Business and Relationship with Blackstone Inc. AIG owns 65.6 percent of the outstanding common stock of Corebridge as of September 30, 2023. Corebridge is the holding company for AIG’s Life and Retirement business. AIG continues to consolidate Corebridge in AIG’s Condensed Consolidated Financial Statements. The portion of equity interest of Corebridge that AIG does not own is reflected as noncontrolling interest in AIG’s Condensed Consolidated Financial Statements. On June 26, 2023, Corebridge repurchased 12.2 million shares of Corebridge common stock for an aggregate purchase price of $200 million, of which 11.0 million shares were from AIG for an aggregate purchase price of $180 million. As a result, AIG recorded a decrease of $15 million in Total AIG shareholders' equity. On June 12, 2023, AIG closed a secondary offering of 74.75 million shares of Corebridge common stock at a public offering price of $16.25 per share, which included 65 million shares initially offered and the full exercise by the underwriters of their option to purchase an additional 9.75 million shares. The aggregate gross proceeds of the offering to AIG, before deducting underwriting discounts and commissions and other expenses payable by AIG, were approximately $1.2 billion. After consideration of underwriting discounts, commissions and other related expenses payable by AIG, AIG recorded a decrease of $71 million in Total AIG shareholders' equity. On September 19, 2022, AIG closed on the initial public offering (IPO) of 80 million shares of Corebridge common stock at a public offering price of $21.00 per share, representing 12.4 percent of Corebridge's common stock. The aggregate gross proceeds of the offering to AIG, before deducting underwriting discounts and commissions and other expenses payable by AIG, were approximately $1.7 billion. After consideration of underwriting discounts, commissions and other related expenses payable by AIG, AIG recorded an increase of $497 million in Total AIG shareholders' equity, recalculated on an LDTI basis. Blackstone Inc. (Blackstone) completed the acquisition of a 9.9 percent equity stake in Corebridge in November 2021. Blackstone is required to hold its ownership interest in Corebridge, subject to exceptions permitting Blackstone to sell 25 percent, 67 percent and 75 percent of its ownership interest after the first, second and third anniversaries, respectively, of the closing of the Corebridge IPO (September 19, 2023, 2024 and 2025, respectively), with the transfer restrictions terminating in full on September 19, 2027. Other Events On December 14, 2022, AIG announced that its wholly-owned subsidiary, AIG Financial Products Corp. (AIGFP), filed a voluntary petition to reorganize under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware and filed a proposed plan of reorganization. The reorganization will not have a material impact on the consolidated balance sheets of AIG or our respective businesses. AIGFP has no material operations or businesses and no employees. In conjunction with the bankruptcy filing, AIGFP and its consolidated subsidiaries were deconsolidated from the results of AIG, resulting in a pre-tax loss of $114 million for the twelve months ended December 31, 2022, reported in Net gain (loss) on divestitures and other. In addition, AIGFP and its subsidiaries were determined to be an unconsolidated variable interest entity. USE OF ESTIMATES The preparation of financial statements in accordance with U.S. GAAP requires the application of accounting policies that often involve a significant degree of judgment. Accounting policies that we believe are most dependent on the application of estimates and assumptions are considered our critical accounting estimates and are related to the determination of: • loss reserves; • valuation of future policy benefit liabilities and recognition of measurement gains and losses; • valuation of market risk benefits (MRBs) related to guaranteed benefit features of variable annuity, fixed annuity and fixed index annuity products; • valuation of embedded derivative liabilities for fixed index annuity and index universal life products; • reinsurance assets, including the allowance for credit losses and disputes; • goodwill impairment; • allowance for credit losses on certain investments, primarily on loans and available for sale fixed maturity securities; • fair value measurements of certain financial assets and financial liabilities; and • income taxes, in particular the recoverability of our deferred tax asset and establishment of provisions for uncertain tax positions. These accounting estimates require the use of assumptions about matters, some of which are highly uncertain at the time of estimation. To the extent actual experience differs from the assumptions used, our consolidated financial condition, results of operations and cash flows could be materially affected.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies There were no material changes to our significant accounting policies with the exception of the policies listed below which were impacted by the adoption of LDTI. For additional information on our significant accounting policies not impacted by the adoption of LDTI, see Note 2 to the Consolidated Financial Statements in the 2022 Annual Report. The following list identifies our significant accounting policies presented in other Notes to these Condensed Consolidated Financial Statements, with a reference to the Note where a detailed description can be found: Note 6. Investments • Net realized gains (losses) Note 7. Lending Activities Note 8. Reinsurance • Reinsurance assets – net of allowance Note 9. Deferred Policy Acquisition Costs • Deferred policy acquisition costs • Deferred sales inducements • Amortization of deferred policy acquisition costs Note 12. Insurance Liabilities • Future policy benefits • Policyholder contract deposits • Other policyholder funds Note 13. Market Risk Benefits OTHER SIGNIFICANT ACCOUNTING POLICIES Insurance revenues include premiums and policy fees. All premiums and policy fees are presented net of reinsurance, as applicable. Premiums from long-duration life products, other than universal and variable life contracts, are recognized as revenues when due. Premiums from individual and group annuity contracts that are life contingent are recognized as revenues when due. For limited payment contracts, premiums are due over a significantly shorter period than the period over which benefits are provided. Prior to the adoption of LDTI, effective on January 1, 2021, the difference between the gross premium received and the net premium was deferred and recognized in premiums in a constant relationship to insurance in-force, or for annuities, the amount of expected future policy benefits. This Deferred Profit Liability (DPL) was recorded in the Condensed Consolidated Balance Sheets in Other policyholder funds. After January 1, 2021, the difference between the gross premium received and recorded as revenue and the net premium is deferred and recognized in Policyholder benefits in a constant relationship to insurance in-force, or for annuities, the amount of expected future policy benefits. This DPL is recorded in the Condensed Consolidated Balance Sheets in Future policy benefits for life and accident and health insurance contracts. Prior to the adoption of LDTI, effective on January 1, 2021, reinsurance premiums ceded under yearly renewable term (YRT) reinsurance agreements were recognized as a reduction in revenues over the period the reinsurance coverage was utilized in proportion to the risks to which the premiums relate, while premiums ceded under modified coinsurance (modco) treaties were recognized when due. Following the adoption of LDTI, after January 1, 2021 all reinsurance premiums ceded are recognized when due, following a ceded net premium ratio (NPR) methodology that also accrues a proportionate amount of estimated benefits. Reinsurance premiums for assumed business are estimated based on information received from ceding companies and reinsurers. Any subsequent differences that arise regarding such estimates are recorded in the periods in which they are determined. Amounts received as payment for investment-oriented contracts such as universal life, variable annuities, fixed annuities, and fixed index annuities, are reported as deposits to Policyholder contract deposits or Separate account liabilities, as applicable. Revenues from these contracts are recorded in policy fees and consist of policy charges for the cost of insurance, policy administration charges, surrender charges and amortization of unearned revenue reserves (URR). Policy fees are recognized as revenues in the period in which they are assessed against policyholders, unless the fees are designed to compensate AIG for services to be provided in the future. Prior to the adoption of LDTI, effective on January 1, 2021, fees deferred as unearned revenue were amortized in relation to the incidence of estimated gross profits (EGPs) to be realized over the estimated lives of the contracts. After January 1, 2021 fees deferred as unearned revenue are amortized on a constant level basis over the estimated lives of the contracts, consistent with the ACCOUNTING STANDARDS ADOPTED DURING 2023 Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, the FASB issued an accounting standard update with the objective of making targeted improvements to the existing recognition, measurement, presentation, and disclosure requirements for long-duration contracts issued by an insurance entity. The Company adopted the standard on January 1, 2023 using the modified retrospective transition method relating to liabilities for traditional and limited payment contracts and deferred policy acquisition costs. The Company also adopted the standard in relation to MRBs on a full retrospective basis. As of the Transition Date, the impact of the adoption of the standard was a net decrease to beginning Accumulated other comprehensive income (loss) (AOCI) of $2.2 billion and a net increase to beginning Retained earnings of $933 million primarily driven by (1) changes related to MRBs in our Individual Retirement and Group Retirement operating segments, including the impact of non-performance risk adjustments which reclassified the portion of the changes in fair value attributable to non-performance risk from Retained earnings to AOCI, (2) changes to the discount rate used to measure the liability for future policy benefits which most significantly impacted our Life Insurance and Institutional Markets operating segments, and (3) the removal of balances recorded in AOCI related to changes in unrealized appreciation (depreciation) on investments. The Condensed Consolidated Financial Statements as of December 31, 2022 and for three and nine months ended September 30, 2022 have been adjusted to reflect the effects of applying the standard. The accounting for the Fortitude Reinsurance Company Ltd. (Fortitude Re) reinsurance assets, including the discount rates, continued to be calculated using the same methodology and assumptions as the direct policies, and therefore have been recalculated on an LDTI basis. The accounting for reinsurance transactions between AIG and Fortitude Re structured as modco remained unchanged. Market risk benefits: The standard requires the measurement of all MRBs (e.g., living benefit and death benefit guarantees associated with variable annuities) associated with deposit (or account balance) contracts at fair value at each reporting period. Changes in fair value compared to prior periods are recorded and presented separately within the income statement, with the exception of our own credit risk changes (non-performance adjustments), which are recognized in Other comprehensive income (loss) (OCI). MRBs impacted both Retained earnings and AOCI upon transition. The accounting for MRBs primarily impacted our Individual Retirement and Group Retirement operating segments. For additional disclosures about MRBs, see Note 13. Discount rate assumption: The standard requires the discount rate assumption for the liability for future policy benefits to be updated at the end of each reporting period using an upper-medium grade (low credit risk) fixed income instrument yield that maximizes the use of observable market inputs. Upon transition, the Company had an adjustment to AOCI due to the fact that the market upper-medium grade (low credit risk) interest rates as of the Transition Date differed from reserve interest accretion rates. Following adoption of the standard, the impact of changes to discount rates are recognized through OCI. Changes resulting from updating the discount rate each reporting period primarily impact term life insurance and other traditional life insurance products, as well as pension risk transfer (PRT) and structured settlement products. For additional information on the discount rate assumption under accounting for Long-Duration Contracts Standard, see Note 12. Removal of balances related to changes in unrealized appreciation (depreciation) on investments: Under the standard, the majority of balances recorded in AOCI related to changes in unrealized appreciation (depreciation) on investments were eliminated. In addition to the above, the standard also: • Requires the review and, if necessary, update of future policy benefit assumptions at least annually for traditional and limited pay long duration contracts, with the recognition and parenthetical presentation of any resulting re-measurement gain or loss in Policyholder benefits and losses incurred (except for discount rate changes as noted above) in the Condensed Consolidated Statements of Income (Loss). For additional information, see Note 12. • Simplifies the amortization of DAC to a constant level basis over the expected term of the related contracts and no longer requires an impairment test. For additional information, see Note 9. • Increases disclosures of disaggregated rollforwards of several balances, including but not limited to liabilities for future policy benefits, deferred acquisition costs, account balances, MRBs, separate account liabilities and information about significant inputs, judgments and methods used in measurement and changes thereto and impact of those changes. The following table presents the impacts in connection with the adoption of LDTI effective as of January 1, 2021 as well as cross references to the applicable notes herein for additional information: Pre-Adoption, Cumulative Effect Updated Balances (in millions) Reinsurance assets - Fortitude Re, net of allowance for credit losses and disputes (a) $ 34,578 $ 7,666 $ 42,244 Reinsurance assets - other, net of allowance for credit losses and disputes (a) 38,963 469 39,432 Deferred income taxes 12,624 339 12,963 Deferred policy acquisition costs (b) 9,805 3,150 12,955 Market risk benefit assets (c) — 338 338 Other assets, net of allowance for credit losses (d) 13,122 398 13,520 Total assets 586,481 12,360 598,841 Future policy benefits for life and accident and health insurance contracts (e) 56,878 10,486 67,364 Policyholder contract deposits (e) 154,470 (6,247) 148,223 Market risk benefit liabilities (c) — 8,739 8,739 Other policyholder funds (f) 3,548 248 3,796 Other liabilities (g) 27,122 398 27,520 Total liabilities 519,282 13,624 532,906 Retained earnings 15,504 933 16,437 Accumulated other comprehensive income (loss) 13,511 (2,197) 11,314 Total AIG Shareholders' equity 66,362 (1,264) 65,098 Total equity 67,199 (1,264) 65,935 Total liabilities and equity 586,481 12,360 598,841 (a) For additional information on the transition impacts associated with LDTI, see Note 8. (b) For additional information on the transition impacts associated with LDTI, see Note 9. (c) For additional information on the transition impacts associated with LDTI, see Note 13. (d) Other assets include deferred sales inducement assets. For additional information on the transition impacts associated with LDTI, see Note 9. (e) For additional information on the transition impacts associated with LDTI, see Note 12. (f) Other policyholder funds include URR. For additional information on the transition impacts associated with LDTI, see Note 12. (g) Other liabilities include deferred cost of reinsurance liabilities. For additional information on the transition impacts associated with LDTI, see Note 8. The following table presents the impacts in connection with the adoption of LDTI effective as of January 1, 2021 on our previously reported Condensed Consolidated Balance Sheets as of December 31, 2022: As Previously Effect of Updated Balances (in millions) Reinsurance assets - Fortitude Re, net of allowance for credit losses and disputes $ 32,159 $ (1,408) $ 30,751 Reinsurance assets - other, net of allowance for credit losses and disputes 39,434 (463) 38,971 Deferred income taxes 15,144 (340) 14,804 Deferred policy acquisition costs 15,518 (2,661) 12,857 Market risk benefit assets — 796 796 Other assets, net of allowance for credit losses 12,714 (330) 12,384 Total assets 526,634 (4,406) 522,228 Future policy benefits for life and accident and health insurance contracts 59,223 (7,309) 51,914 Policyholder contract deposits 158,891 (2,907) 155,984 Market risk benefit liabilities — 4,736 4,736 Other policyholder funds 3,909 (446) 3,463 Other liabilities 26,456 301 26,757 Total liabilities 484,399 (5,625) 478,774 Additional paid-in capital 80,284 (369) 79,915 Retained earnings 33,032 1,861 34,893 Accumulated other comprehensive income (loss) (22,092) (524) (22,616) Total AIG Shareholders' equity 40,002 968 40,970 Non-redeemable noncontrolling interests 2,233 251 2,484 Total equity 42,235 1,219 43,454 Total liabilities and equity 526,634 (4,406) 522,228 The following table presents the impacts in connection with the adoption of LDTI on our previously reported Condensed Consolidated Statements of Income (Loss): Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 As Effect of Updated As Effect of Updated (in millions, except per common share data) Revenues: Premiums $ 7,832 $ (4) $ 7,828 $ 22,458 $ 2 $ 22,460 Policy fees 732 3 735 2,238 (45) 2,193 Total net realized gains (losses) 3,175 (603) 2,572 10,986 (2,203) 8,783 Total revenues 14,602 (604) 13,998 44,851 (2,246) 42,605 Benefits, losses and expenses: Policyholder benefits and losses incurred 6,187 (138) 6,049 16,565 (472) 16,093 Change in the fair value of market risk benefits, net — (435) (435) — (713) (713) Interest credited to policyholder account balances 951 8 959 2,738 11 2,749 Amortization of deferred acquisition costs 1,248 (78) 1,170 3,983 (560) 3,423 General operating and other expenses 2,093 (18) 2,075 6,497 (52) 6,445 Total benefits, losses and expenses 10,755 (661) 10,094 30,848 (1,786) 29,062 Income (loss) from continuing operations before income tax expense (benefit) 3,847 57 3,904 14,003 (460) 13,543 Income tax expense (benefit) 806 11 817 2,913 (97) 2,816 Income (loss) from continuing operations 3,041 46 3,087 11,090 (363) 10,727 Net income (loss) 3,041 46 3,087 11,089 (363) 10,726 Net income (loss) from continuing operations attributable to noncontrolling interests 332 7 339 1,084 (33) 1,051 Net income (loss) attributable to AIG 2,709 39 2,748 10,005 (330) 9,675 Net income (loss) attributable to AIG common shareholders 2,702 39 2,741 9,983 (330) 9,653 Income (loss) per common share attributable to AIG common shareholders: Common stock - Basic 3.54 0.05 3.59 12.64 (0.42) 12.22 Common stock - Diluted 3.50 0.05 3.55 12.49 (0.41) 12.08 The following table presents the impacts in connection with the adoption of LDTI on our previously reported Condensed Consolidated Statements of Comprehensive Income (Loss): Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 As Effect of Updated As Effect of Updated (in millions) Net income $ 3,041 $ 46 $ 3,087 $ 11,089 $ (363) $ 10,726 Other comprehensive income (loss), net of tax Change in unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken (73) (1) (74) (78) (5) (83) Change in unrealized appreciation (depreciation) of all other investments (8,324) (1,180) (9,504) (34,469) (5,958) (40,427) Change in fair value of market risk benefits attributable to changes in our own credit risk — 253 253 — 1,617 1,617 Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts — 1,725 1,725 — 5,885 5,885 Change in foreign currency translation adjustments (591) (130) (721) (877) (185) (1,062) Other comprehensive income (loss) (8,973) 667 (8,306) (35,388) 1,354 (34,034) Comprehensive income (loss) (5,932) 713 (5,219) (24,299) 991 (23,308) Comprehensive income (loss) attributable to noncontrolling interests (464) 86 (378) (1,784) 108 (1,676) Comprehensive income (loss) attributable to AIG (5,468) 627 (4,841) (22,515) 883 (21,632) The following table presents the impacts in connection with the adoption of LDTI on our previously reported Condensed Consolidated Statements of Cash Flows: Nine Months Ended September 30, 2022 As Previously Effect of Updated Balances (in millions) Cash flows from operating activities: Net income $ 11,089 $ (363) $ 10,726 Adjustments to reconcile net income (loss) to net cash provided by operating activities: Noncash revenues, expenses, gains and losses included in income (loss): Unrealized gains in earnings - net (2,738) 2,567 (171) Change in the fair value of market risk benefits in earnings, net — (1,032) (1,032) Depreciation and other amortization 3,918 (597) 3,321 Changes in operating assets and liabilities: Insurance reserves 1,720 (1,286) 434 Premiums and other receivables and payables - net (8,914) (39) (8,953) Reinsurance assets, net 200 1,117 1,317 Capitalization of deferred policy acquisition costs (3,704) (52) (3,756) Current and deferred income taxes - net 2,424 (97) 2,327 Other, net (822) (269) (1,091) Total adjustments (7,072) 312 (6,760) Net cash provided by operating activities 4,018 (51) 3,967 Cash flows from financing activities: Policyholder contract deposits 19,779 52 19,831 Net cash used in financing activities (1,571) 52 (1,519) Troubled Debt Restructuring and Vintage Disclosures In March 2022, the FASB issued an accounting standard update that eliminates the accounting guidance for troubled debt restructurings for creditors and amends the guidance on “vintage disclosures” to require disclosure of current-period gross write-offs by year of origination. The standard also updates the requirements for accounting for credit losses by adding enhanced disclosures for creditors related to loan refinancings and restructurings for borrowers experiencing financial difficulty. The Company adopted the standard prospectively as of January 1, 2023 and the standard did not have a material impact on our reported consolidated financial condition, results of operations, or cash flows. For the updated required disclosures, see Note 7. FUTURE APPLICATION OF ACCOUNTING STANDARDS Fair Value Measurement On June 30, 2022, the FASB issued an accounting standards update to address diversity in practice by clarifying that a contractual sale restriction should not be considered in the measurement of the fair value of an equity security. It also requires entities with investments in equity securities subject to contractual sale restrictions to disclose certain qualitative and quantitative information about such securities. The guidance is effective for public companies for fiscal years beginning after December 15, 2023 and interim periods within those years, with early adoption permitted. For entities other than investment companies, the accounting standards update applies prospectively, with any adjustments resulting from adoption recognized in earnings on the date of adoption. We are assessing the impact of this standard.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Segment Information	3. Segment Information We report our results of operations consistent with the manner in which our chief operating decision makers review the business to assess performance and allocate resources, as follows: GENERAL INSURANCE General Insurance business is presented as two operating segments: • North America – consists of insurance businesses in the United States, Canada and Bermuda, and our global reinsurance business, AIG Re. • International – consists of regional insurance businesses in Japan, the United Kingdom, Europe, Middle East and Africa (EMEA region), Asia Pacific, Latin America and Caribbean, and China. International also includes the results of Talbot Holdings, Ltd. as well as AIG’s Global Specialty business. North America and International operating segments consist of the following products: – Commercial Lines – consists of Property, Liability, Financial Lines and Specialty. – Personal Insurance – consists of Accident & Health and Personal Lines. For further discussion on recent activity in the General Insurance business, see Note 1. LIFE AND RETIREMENT Life and Retirement business is presented as four operating segments: • Individual Retirement – consists of fixed annuities, fixed index annuities and variable annuities. • Group Retirement – consists of record-keeping, plan administrative and compliance services, financial planning and advisory solutions offered to employer-defined contribution plan participants, along with proprietary and non-proprietary annuities and advisory and brokerage products offered outside of plans. • Life Insurance – primary products in the U.S. include term life and universal life insurance. International operations primarily include distribution of life and health products in the UK and Ireland. Corebridge previously announced agreements to sell Laya and AIG Life. The sale of Laya closed on October 31, 2023 and the AIG Life sale is expected to close in the first half of 2024. • Institutional Markets – consists of stable value wrap products, structured settlement and pension risk transfer annuities, corporate- and bank-owned life insurance, high net worth products and guaranteed investment contracts (GICs). For further discussion on the ongoing separation of the Life and Retirement business from AIG and other recent activity, see Note 1. OTHER OPERATIONS Other Operations primarily consists of income from assets held by AIG Parent and other corporate subsidiaries, deferred tax assets related to tax attributes, corporate expenses and intercompany eliminations, our institutional asset management business and results of our consolidated investment entities, General Insurance portfolios in run-off as well as the historical results of our legacy insurance lines ceded to Fortitude Re. SEGMENT RESULTS We evaluate segment performance based on adjusted revenues and adjusted pre-tax income (loss). Adjusted revenues and adjusted pre-tax income (loss) are derived by excluding certain items from total revenues and pre-tax income (loss), respectively. These items generally fall into one or more of the following broad categories: legacy matters having no relevance to our current businesses or operating performance; adjustments to enhance transparency to the underlying economics of transactions; and measures that we believe to be common to the industry. Legal entities are attributed to each segment based upon the predominance of activity in that legal entity. For the items excluded from adjusted revenues and adjusted pre-tax income (loss), see the table below. The following table presents AIG’s continuing operations by operating segment: Three Months Ended September 30, 2023 2022 (in millions) Adjusted Adjusted Adjusted Adjusted General Insurance North America $ 3,079 $ 235 (a) $ 3,140 $ (439) (a) International 3,343 376 (a) 3,267 607 (a) Net investment income 756 756 582 582 Total General Insurance 7,178 1,367 6,989 750 Life and Retirement Individual Retirement 1,560 572 1,301 377 Group Retirement 688 191 672 193 Life Insurance 1,276 133 1,250 131 Institutional Markets 656 75 1,110 83 Total Life and Retirement 4,180 971 4,333 784 Other Operations Other Operations before consolidation and eliminations 56 (468) 126 (467) Consolidation and eliminations 26 3 (152) (147) Total Other Operations 82 (465) (26) (614) Total 11,440 1,873 11,296 920 Reconciling items: Changes in fair value of securities used to hedge guaranteed living benefits 13 (6) 14 6 Change in the fair value of market risk benefits, net (b) — 418 — 435 Changes in benefit reserves related to net realized gains (losses) — 2 — 2 Changes in the fair value of equity securities 40 40 16 16 Other income (expense) - net (7) — (7) — Gain (loss) on extinguishment of debt — (21) — — Net investment income on Fortitude Re funds withheld assets 264 264 155 155 Net realized losses on Fortitude Re funds withheld assets (227) (227) (86) (86) Net realized gains on Fortitude Re funds withheld embedded derivative 1,137 1,137 1,757 1,757 Net realized gains (c) 114 133 845 846 Net gain on divestitures and other — 101 — 6 Non-operating litigation reserves and settlements — — 8 3 Favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements — 75 — 62 Net loss reserve discount charge — (5) — (10) Pension expense related to a one-time lump sum payment to former employees — (8) — — Integration and transaction costs associated with acquiring or divesting businesses — (65) — (52) Restructuring and other costs — (132) — (147) Non-recurring costs related to regulatory or accounting changes — (11) — (9) Revenues and pre-tax income $ 12,774 $ 3,568 $ 13,998 $ 3,904 Nine Months Ended September 30, 2023 2022 (in millions) Adjusted Adjusted Adjusted Adjusted General Insurance North America $ 9,254 $ 886 (a) $ 8,901 $ 223 (a) International 9,924 821 (a) 10,148 1,190 (a) Net investment income 2,227 2,227 1,805 1,805 Total General Insurance 21,405 3,934 20,854 3,218 Life and Retirement Individual Retirement 4,622 1,690 3,915 1,213 Group Retirement 2,061 579 2,078 614 Life Insurance 3,805 293 3,875 364 Institutional Markets 4,979 286 2,445 274 Total Life and Retirement 15,467 2,848 12,313 2,465 Other Operations Other Operations before consolidation and eliminations 299 (1,325) 627 (1,086) AIG consolidation and eliminations (52) (51) (424) (410) Total Other Operations 247 (1,376) 203 (1,496) Total 37,119 5,406 33,370 4,187 Reconciling items: Changes in fair value of securities used to hedge guaranteed living benefits 40 (12) 41 29 Change in the fair value of market risk benefits, net (b) — 484 — 713 Changes in benefit reserves related to net realized gains (losses) — 7 — 11 Changes in the fair value of equity securities 134 134 (41) (41) Other income (expense) - net (26) — (23) — Loss on extinguishment of debt — (21) — (299) Net investment income on Fortitude Re funds withheld assets 1,001 1,001 634 634 Net realized gains (losses) on Fortitude Re funds withheld assets (396) (396) (312) (312) Net realized gains (losses) on Fortitude Re funds withheld embedded derivative 152 152 7,851 7,851 Net realized gains (losses) (c) (1,053) (1,023) 1,039 1,055 Net gain (loss) on divestitures and other — 142 — 45 Non-operating litigation reserves and settlements 1 — 46 41 Favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements — 112 — 206 Net loss reserve discount charge — (85) — (4) Pension expense related to a one-time lump sum payment to former employees — (75) — — Integration and transaction costs associated with acquiring or divesting businesses — (196) — (136) Restructuring and other costs — (402) — (415) Non-recurring costs related to regulatory or accounting changes — (36) — (22) Net impact from elimination of international reporting lag (d) 4 12 — — Revenues and pre-tax income (loss) $ 36,976 $ 5,204 $ 42,605 $ 13,543 (a) General Insurance North America’s and General Insurance International’s Adjusted pre-tax income does not include Net investment income as the investment portfolio results are managed at the General Insurance level. Net investment income is shown separately as a component of General Insurance’s total Adjusted pre-tax income results. (b) Includes realized gains and losses on certain derivative instruments used for non-qualifying (economic) hedging. (c) Includes all net realized gains and losses except earned income (periodic settlements and changes in settlement accruals) on derivative instruments used for non-qualifying (economic) hedging or for asset replication and net realized gains and losses on Fortitude Re funds withheld assets held by AIG in support of Fortitude Re’s reinsurance obligations to AIG (Fortitude Re funds withheld assets). (d) See Note 1.

Held-For-Sale Classification

Held-For-Sale Classification	9 Months Ended
	Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Held-For-Sale Classification	4. Held-For-Sale Classification HELD-FOR-SALE CLASSIFICATION We report and classify a business as held-for-sale (Held-For-Sale Business) when management has approved the sale or received approval to sell the business and is committed to a formal plan, the business is available for immediate sale, the business is being actively marketed, the sale is anticipated to occur during the next 12 months and certain other specified criteria are met. A Held-For-Sale Business is recorded at the lower of its carrying amount or estimated fair value less cost to sell. If the carrying amount of the business exceeds its estimated fair value, a loss is recognized. Assets and liabilities related to a Held-For-Sale Business are reported in Assets held for sale and Liabilities held for sale, respectively, in our Condensed Consolidated Balance Sheets beginning in the period in which the business is classified as held-for-sale. At September 30, 2023, the following business was reported and classified as held-for-sale: Validus Re To further simplify AIG's business model and reduce volatility in our portfolio, on May 22, 2023, AIG announced that it entered into a definitive agreement to sell Validus Re, including AlphaCat Managers Ltd. and the Talbot Treaty reinsurance business to RenaissanceRe for $2.7 billion in cash and approximately 1.3 million common shares of RenaissanceRe. Additionally, AIG agreed to retain 95 percent of the difference between (i) the reserves with respect to the business as of the closing date of the sale for losses occurring prior to the closing date and (ii) the associated reserve development following the closing date with respect to such losses. Any reserve development will be settled annually, commencing with the calendar year ending December 31, 2024. This arrangement stays in effect until the parties determine to terminate such arrangement (which they will re-evaluate on an annual basis beginning 5 years after the closing date) or until all such liabilities of the acquired reinsurance business have run off. This reserve cover is considered contingent consideration and will be recognized at fair value when the sale of Validus Re closes. On September 4, 2023, AIG entered into an Adverse Development Cover Excess of Loss Agreement (the ADC Agreement) to hedge the risk of adverse development pertaining to Validus Re’s reserves with Clarendon National Insurance Company (Clarendon), a wholly owned subsidiary of Enstar Group Limited. Under the ADC Agreement, AIG will be reimbursed up to $400 million of adverse development for all policies in force as of December 31, 2022 when paid losses exceed the baseline reserve balance of $3.043 billion. The expected premium to be paid to Clarendon is $80 million. On November 1, 2023, AIG completed the sale of Validus Re to RenaissanceRe and received $2.7 billion in cash from RenaissanceRe and 1.3 million shares of RenaissanceRe common stock valued at approximately $275 million as of the closing date. The results of Validus Re are reported in General Insurance. AIG Life Limited To further simplify Corebridge’s business model, on September 25, 2023, Corebridge announced that it entered into a definitive agreement to sell AIG Life to Aviva plc for £460 million in cash, subject to certain adjustments. The sale of AIG Life is expected to close in the first half of 2024, subject to regulatory approvals and other customary closing conditions. The results of AIG Life are reported in Life and Retirement. Laya and Other To further simplify Corebridge’s business model, on August 3, 2023, Corebridge announced that it entered into a definitive agreement to sell its subsidiary, Laya, to AXA for €650 million in cash, subject to certain adjustments. On October 31, 2023, Corebridge completed the sale of Laya to AXA. The results of Laya are reported in Life and Retirement. Other primarily consists of owner occupied real estate. The following table summarizes the components of assets and liabilities held-for-sale on the Condensed Consolidated Balance Sheets at September 30, 2023 after elimination of intercompany balances: (in millions) Validus Re AIG Life Laya and Other Total Assets: Bonds available for sale $ 3,822 $ 137 $ — $ 3,959 Other invested assets 5 — — 5 Short-term investments, including restricted cash of $262 1,478 32 76 1,586 Cash 176 2 15 193 Accrued investment income 21 3 — 24 Premiums and other receivables, net of allowance for credit losses and disputes 3,195 127 15 3,337 Reinsurance assets - other, net of allowance for credit losses and disputes 1,759 794 — 2,553 Deferred income taxes 23 35 1 59 Deferred policy acquisition costs 623 755 — 1,378 Other assets, net of allowance for credit losses (a) 676 109 139 924 Total assets held for sale $ 11,778 $ 1,994 $ 246 $ 14,018 Liabilities: Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses $ 5,046 $ — $ — $ 5,046 Unearned premiums 2,504 71 — 2,575 Future policy benefits for life and accident and health insurance contracts — 592 — 592 Other policyholder funds — — 40 40 Other liabilities 910 918 36 1,864 Total liabilities held for sale $ 8,460 $ 1,581 $ 76 $ 10,117

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	5. Fair Value Measurements FAIR VALUE MEASUREMENTS ON A RECURRING BASIS Assets and liabilities recorded at fair value in the Condensed Consolidated Balance Sheets are measured and classified in accordance with a fair value hierarchy consisting of three “levels” based on the observability of valuation inputs: • Level 1: Fair value measurements based on quoted prices (unadjusted) in active markets that we have the ability to access for identical assets or liabilities. Market price data generally is obtained from exchange or dealer markets. We do not adjust the quoted price for such instruments. • Level 2: Fair value measurements based on inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. • Level 3: Fair value measurements based on valuation techniques that use significant inputs that are unobservable. Both observable and unobservable inputs may be used to determine the fair values of positions classified in Level 3. The circumstances for using these measurements include those in which there is little, if any, market activity for the asset or liability. Therefore, we must make certain assumptions about the inputs a hypothetical market participant would use to value that asset or liability. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The following is a description of the valuation methodologies used for instruments carried at fair value. These methodologies are applied to assets and liabilities across the levels discussed above, and the observability of the inputs used determines the appropriate level in the fair value hierarchy for the respective asset or liability. VALUATION METHODOLOGIES OF FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE There were no material changes to valuation methodologies of financial instruments measured at fair value with the exception of the valuation methodologies listed below which were impacted by the adoption of LDTI. For additional information on valuation methodologies not impacted by the adoption LDTI, see Note 4 to the Consolidated Financial Statements in the 2022 Annual Report. Market Risk Benefits and Embedded Derivatives within Policyholder Contract Deposits Certain variable annuity, fixed annuity and fixed index annuity contracts contain MRBs related to guaranteed benefit features that we separate from the host contracts and account for at fair value, with certain changes recognized in earnings. MRBs are contracts or contract features that provide protection to policyholders from other-than-nominal capital market risks and expose the insurance entity to other-than-nominal capital market risks. The fair value of MRBs contained in certain variable annuity, fixed annuity and fixed index annuity contracts is measured based on policyholder behavior and capital market assumptions related to projected cash flows over the expected lives of the contracts. These discounted cash flow projections primarily include benefits and related fees assessed, when applicable. In some instances, the projected cash flows from fees may exceed projected cash flows related to benefit payments and therefore, at a point in time, the carrying value of the MRBs may be in a net asset position. The projected cash flows incorporate best estimate assumptions for policyholder behavior (including mortality, lapses, withdrawals and benefit utilization), along with an explicit risk margin to reflect a market participant’s estimates of projected cash flows and policyholder behavior. Estimates of future policyholder behavior assumptions are subjective and are based primarily on our historical experience. Because of the dynamic and complex nature of the projected cash flows with respect to MRBs in our variable annuity, fixed annuity, and fixed index annuity contracts, risk neutral valuations are used, which are calibrated to observable interest rate and equity option prices. Estimating the underlying cash flows for these products involves judgments regarding the capital market assumptions related to expected market rates of return, market volatility, credit spreads, correlations of certain market variables, fund performance and discount rates. Additionally, estimating the underlying cash flows for these products also involves judgments regarding policyholder behavior. The portion of fees attributable to the fair value of expected benefit payments is included within the fair value measurement of these MRBs, and related fees are classified in change in the fair value of MRBs, net, as earned, consistent with other changes in the fair value of these MRBs. Any portion of the fees not attributed to the MRBs is excluded from the fair value measurement and classified in policy fees as earned. Option pricing models are used to estimate the fair value of embedded derivatives in our fixed index annuity and life contracts, taking into account the capital market assumptions for future index growth rates, volatility of the index, future interest rates, and our ability to adjust the participation rate and the cap on fixed index credited rates in light of market conditions and policyholder behavior assumptions. Projected cash flows are discounted using the interest rate swap curve (swap curve), which is viewed as being consistent with the credit spreads for highly-rated financial institutions (S&P AA-rated or above). A swap curve shows the fixed-rate leg of a non-complex swap against the floating rate (for example, Secured Overnight Financing Rate (SOFR) or London Inter-Bank Offered Rate) leg of a related tenor. We also incorporate our own risk of non-performance in the valuation of MRBs and embedded derivatives associated with variable annuity, fixed annuity, fixed index annuity and life contracts. The non-performance risk adjustment (NPA) reflects a market participant’s view of our claims-paying ability by incorporating an additional spread to the swap curve used to discount projected benefit cash flows. The NPA is calculated by constructing forward rates based on a weighted average of observable corporate credit indices to approximate the claims-paying ability rating of our insurance companies. The corporate credit indices are observable for the first 30 years. For years 30 to 50, the yield is derived using market observable yields. Yields for years 50 to 100 are extrapolated using a flat forward approach, maintaining a constant forward spread through the period. MRBs are measured using a NPA that is a locked-in estimate of our claims-paying ability at policy issue (locked-in NPA) as well as a NPA that reflects an estimate of our current claims-paying ability (current NPA). ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS The following table presents information about assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value measurement based on the observability of the inputs used: September 30, 2023 Level 1 Level 2 Level 3 Counterparty Netting (a) Cash Total (in millions) Assets: Bonds available for sale: U.S. government and government sponsored entities $ 338 $ 5,616 $ — $ — $ — $ 5,954 Obligations of states, municipalities and political subdivisions — 9,681 765 — — 10,446 Non-U.S. governments 250 11,471 3 — — 11,724 Corporate debt — 124,553 1,538 — — 126,091 RMBS — 11,185 7,546 — — 18,731 CMBS — 12,943 567 — — 13,510 CLO/ABS — 13,342 15,142 — — 28,484 Total bonds available for sale 588 188,791 25,561 — — 214,940 Other bond securities: Obligations of states, municipalities and political subdivisions — 90 1 — — 91 Non-U.S. governments — 33 — — — 33 Corporate debt — 2,403 221 — — 2,624 RMBS — 109 158 — — 267 CMBS — 255 23 — — 278 CLO/ABS — 497 1,050 — — 1,547 Total other bond securities — 3,387 1,453 — — 4,840 Equity securities 441 15 59 — — 515 Other invested assets (b) — 148 2,228 — — 2,376 Derivative assets (c) : Interest rate contracts — 2,715 533 — — 3,248 Foreign exchange contracts — 1,779 1 — — 1,780 Equity contracts 4 1,043 375 — — 1,422 Credit contracts — — 33 — — 33 Other contracts — — 16 — — 16 Counterparty netting and cash collateral — — — (3,985) (2,141) (6,126) Total derivative assets 4 5,537 958 (3,985) (2,141) 373 Short-term investments 2,384 4,075 — — — 6,459 Market risk benefit assets — — 978 — — 978 Other assets (c) — — 112 — — 112 Separate account assets 81,567 3,157 — — — 84,724 Total (d) $ 84,984 $ 205,110 $ 31,349 $ (3,985) $ (2,141) $ 315,317 Liabilities: Policyholder contract deposits $ — $ 49 $ 6,327 $ — $ — $ 6,376 Market risk benefit liabilities — — 4,519 — — 4,519 Derivative liabilities (c) : Interest rate contracts — 5,174 — — — 5,174 Foreign exchange contracts — 648 3 — — 651 Equity contracts 6 843 4 — — 853 Credit contracts — 5 33 — — 38 Counterparty netting and cash collateral — — — (3,985) (2,472) (6,457) Total derivative liabilities 6 6,670 40 (3,985) (2,472) 259 Fortitude Re funds withheld payable — — (3,413) — — (3,413) Other liabilities — — 92 — — 92 Long-term debt — 102 — — — 102 Total $ 6 $ 6,821 $ 7,565 $ (3,985) $ (2,472) $ 7,935 December 31, 2022 Level 1 Level 2 Level 3 Counterparty Netting (a) Cash Total (in millions) Assets: Bonds available for sale: U.S. government and government sponsored entities $ 25 $ 6,594 $ — $ — $ — $ 6,619 Obligations of states, municipalities and political subdivisions — 11,275 824 — — 12,099 Non-U.S. governments 158 13,326 1 — — 13,485 Corporate debt — 134,992 2,847 — — 137,839 RMBS — 11,264 7,553 — — 18,817 CMBS — 13,267 926 — — 14,193 CLO/ABS — 10,356 12,748 — — 23,104 Total bonds available for sale 183 201,074 24,899 — — 226,156 Other bond securities: Obligations of states, municipalities and political subdivisions — 111 — — — 111 Non-U.S. governments — 66 — — — 66 Corporate debt — 1,976 416 — — 2,392 RMBS — 113 173 — — 286 CMBS — 303 28 — — 331 CLO/ABS — 389 910 — — 1,299 Total other bond securities — 2,958 1,527 — — 4,485 Equity securities 518 18 39 — — 575 Other invested assets (b) — 145 2,075 — — 2,220 Derivative assets (c) : Interest rate contracts 1 3,410 311 — — 3,722 Foreign exchange contracts — 1,844 — — — 1,844 Equity contracts 11 132 285 — — 428 Commodity contracts — 9 — — — 9 Credit contracts — — 32 — — 32 Other contracts — — 14 — — 14 Counterparty netting and cash collateral — — — (3,895) (1,640) (5,535) Total derivative assets 12 5,395 642 (3,895) (1,640) 514 Short-term investments 2,821 2,887 — — — 5,708 Market risk benefit assets — — 796 — — 796 Other assets (c) — — 107 — — 107 Separate account assets 81,655 3,198 — — — 84,853 Total $ 85,189 $ 215,675 $ 30,085 $ (3,895) $ (1,640) $ 325,414 Liabilities: Policyholder contract deposits $ — $ 41 $ 5,367 $ — $ — $ 5,408 Market risk benefit liabilities — — 4,736 — — 4,736 Derivative liabilities (c) : Interest rate contracts — 4,838 — — — 4,838 Foreign exchange contracts — 1,138 — — — 1,138 Equity contracts 2 10 14 — — 26 Credit contracts — 9 32 — — 41 Counterparty netting and cash collateral — — — (3,895) (1,917) (5,812) Total derivative liabilities 2 5,995 46 (3,895) (1,917) 231 Fortitude Re funds withheld payable — — (2,235) — — (2,235) Other liabilities — — 112 — — 112 Long-term debt — 56 — — — 56 Total $ 2 $ 6,092 $ 8,026 $ (3,895) $ (1,917) $ 8,308 (a) Represents netting of derivative exposures covered by qualifying master netting agreements. (b) Excludes investments that are measured at fair value using the net asset value (NAV) per share (or its equivalent), which totaled $9.6 billion and $9.8 billion as of September 30, 2023 and December 31, 2022, respectively. (c) Presented as part of Other assets and Other liabilities on the Condensed Consolidated Balance Sheets. (d) Excludes $5.4 billion of assets reclassified to Assets held for sale on the Condensed Consolidated Balance Sheets. CHANGES IN LEVEL 3 RECURRING FAIR VALUE MEASUREMENTS The following tables present changes during the three and nine months ended September 30, 2023 and 2022 in Level 3 assets and liabilities measured at fair value on a recurring basis, and the realized and unrealized gains (losses) related to the Level 3 assets and liabilities in the Condensed Consolidated Balance Sheets at September 30, 2023 and 2022: (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended September 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 869 $ (3) $ (78) $ (23) $ — $ — $ — $ 765 $ — $ (82) Non-U.S. governments 6 — — (3) — — — 3 — — Corporate debt 1,721 (5) (78) (76) 176 (200) — 1,538 — (83) RMBS 7,617 101 (82) (74) 2 (25) 7 7,546 — (122) CMBS 553 (3) (27) 4 65 (25) — 567 — (32) CLO/ABS 14,214 51 (115) 411 553 (46) 74 15,142 — (121) Total bonds available for sale 24,980 141 (380) 239 796 (296) 81 25,561 — (440) Other bond securities: Obligations of states, municipalities and political subdivisions 3 — — (2) — — — 1 — — Corporate Debt 155 1 — 65 — — — 221 3 — RMBS 164 (2) — (4) — — — 158 (3) — CMBS 26 (3) — — — — — 23 (3) — CLO/ABS 1,044 1 — (19) 1 (3) 26 1,050 (11) — Total other bond securities 1,392 (3) — 40 1 (3) 26 1,453 (14) — Equity securities 72 1 — (2) — (12) — 59 1 — Other invested assets 2,140 (13) (12) 69 44 — — 2,228 — — Other assets 111 — — 1 — — — 112 — — Total (a) $ 28,695 $ 126 $ (392) $ 347 $ 841 $ (311) $ 107 $ 29,413 $ (13) $ (440) (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 6,813 $ (716) $ — $ 230 $ — $ — $ — $ 6,327 $ 972 $ — Derivative liabilities, net: Interest rate contracts (339) (174) — (20) — — — (533) 181 — Foreign exchange contracts 2 (1) — 1 — — — 2 — — Equity contracts (645) 411 — (137) — — — (371) (147) — Credit contracts — 1 — (1) — — — — — — Other contracts (15) (17) — 16 — — — (16) 17 — Total derivative liabilities, net (b) (997) 220 — (141) — — — (918) 51 — Fortitude Re funds withheld payable (2,118) (1,137) — (158) — — — (3,413) 1,139 — Other Liabilities 98 (6) — — — — — 92 — — Total (c) $ 3,796 $ (1,639) $ — $ (69) $ — $ — $ — $ 2,088 $ 2,162 $ — (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 957 $ (1) $ (106) $ (29) $ — $ (7) $ — $ 814 $ — $ (167) Non-U.S. governments 9 — — (1) 1 — — 9 — — Corporate debt 2,483 (31) (53) (100) 1,781 (163) — 3,917 — (55) RMBS 8,352 101 (267) (299) 2 (8) — 7,881 — (39) CMBS 871 (1) (31) (33) 12 (12) — 806 — (50) CLO/ABS 11,696 (25) (454) 523 366 (323) — 11,783 — (557) Total bonds available for sale 24,368 43 (911) 61 2,162 (513) — 25,210 — (868) Other bond securities: Corporate debt 461 (5) — 66 28 (1) — 549 (7) — RMBS 192 (7) — 26 — — — 211 (8) — CMBS 32 (3) — — — — — 29 (3) — CLO/ABS 2,442 (25) — (158) 12 (15) — 2,256 (92) — Total other bond securities 3,127 (40) — (66) 40 (16) — 3,045 (110) — Equity securities 12 (1) — 8 15 — — 34 — — Other invested assets 2,008 62 (25) (45) — (42) — 1,958 20 — Other assets 107 — — — — — — 107 — — Total (a) $ 29,622 $ 64 $ (936) $ (42) $ 2,217 $ (571) $ — $ 30,354 $ (90) $ (868) (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 4,728 $ (274) $ — $ 289 $ — $ — $ — $ 4,743 $ 287 $ — Derivative liabilities, net: Interest rate contracts (143) 37 — (110) — 6 — (210) 30 — Foreign exchange contracts 1 — — — — — — 1 — — Equity contracts (149) 88 — (94) — — — (155) (89) — Credit contracts 32 1 — (2) — — — 31 — — Other contracts (16) (16) — 16 — — — (16) 17 — Total derivative liabilities, net (b) (275) 110 — (190) — 6 — (349) (42) — Fortitude Re funds withheld payable (638) (1,757) — (110) — — — (2,505) 1,791 — Total (c) $ 3,815 $ (1,921) $ — $ (11) $ — $ 6 $ — $ 1,889 $ 2,036 $ — (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Nine Months Ended September 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 824 $ (2) $ (26) $ (31) $ — $ — $ — $ 765 $ — $ (54) Non-U.S. governments 1 1 1 (5) 7 (2) — 3 — 1 Corporate debt 2,847 (101) (19) (450) 496 (1,219) (16) 1,538 — (61) RMBS 7,553 315 37 (275) 33 (89) (28) 7,546 — (33) CMBS 926 (25) (69) (35) 98 (328) — 567 — (114) CLO/ABS 12,748 112 62 1,641 666 (246) 159 15,142 — (47) Total bonds available for sale 24,899 300 (14) 845 1,300 (1,884) 115 25,561 — (308) Other bond securities: Obligations of states, municipalities and political subdivisions — — — 1 — — — 1 — — Corporate debt 416 3 — (7) — (191) — 221 2 — RMBS 173 5 — (20) — — — 158 (8) — CMBS 28 (5) — — — — — 23 (4) — CLO/ABS 910 29 — 75 5 (48) 79 1,050 (31) — Total other bond securities 1,527 32 — 49 5 (239) 79 1,453 (41) — Equity securities 39 3 — 27 10 (20) — 59 2 — Other invested assets 2,075 (84) (5) 198 44 — — 2,228 (84) — Other assets 107 — — 5 — — — 112 — — Total (a) $ 28,647 $ 251 $ (19) $ 1,124 $ 1,359 $ (2,143) $ 194 $ 29,413 $ (123) $ (308) (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 5,367 $ 94 $ — $ 866 $ — $ — $ — $ 6,327 $ 296 $ — Derivative liabilities, net: Interest rate contracts (311) (90) — (132) — — — (533) 146 — Foreign exchange contracts — 1 — 1 — — — 2 (4) — Equity contracts (271) 362 — (462) — — — (371) (11) — Credit contracts — — — — — — — — 1 — Other contracts (14) (50) — 48 — — — (16) 49 — Total derivative liabilities, net (b) (596) 223 — (545) — — — (918) 181 — Fortitude Re funds withheld payable (2,235) (152) — (1,026) — — — (3,413) 671 — Other Liabilities 112 (20) — — — — — 92 — — Total (c) $ 2,648 $ 145 $ — $ (705) $ — $ — $ — $ 2,088 $ 1,148 $ — (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Nine Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 1,431 $ 1 $ (534) $ (94) $ 17 $ (7) $ — $ 814 $ — $ (319) Non-U.S. governments 7 — — (1) 3 — — 9 — — Corporate debt 2,641 (57) (204) (137) 2,163 (489) — 3,917 — (183) RMBS 10,378 323 (1,210) (1,173) 2 (439) — 7,881 — (704) CMBS 1,190 12 (144) 84 12 (348) — 806 — (143) CLO/ABS 11,215 (6) (1,457) 2,174 1,830 (1,973) — 11,783 — (1,486) Total bonds available for sale 26,862 273 (3,549) 853 4,027 (3,256) — 25,210 — (2,835) Other bond securities: Corporate debt 134 (9) — 190 250 (16) — 549 (8) — RMBS 196 (25) — 40 — — — 211 (28) — CMBS 35 (6) — — — — — 29 (6) — CLO/ABS 2,332 (274) — 194 75 (71) — 2,256 (414) — Total other bond securities 2,697 (314) — 424 325 (87) — 3,045 (456) — Equity securities 6 (1) — 14 15 — — 34 — — Other invested assets 1,948 307 (52) (83) 47 (209) — 1,958 316 — Other assets 114 — — (7) — — — 107 — — Total (a) $ 31,627 $ 265 $ (3,601) $ 1,201 $ 4,414 $ (3,552) $ — $ 30,354 $ (140) $ (2,835) (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 5,572 $ (1,477) $ — $ 648 $ — $ — $ — $ 4,743 $ 1,724 $ — Derivative liabilities, net: Interest rate contracts — 48 — (183) (81) 6 — (210) 27 — Foreign exchange contracts (1) 1 — 1 — — — 1 (1) — Equity contracts (444) 478 — (188) — (1) — (155) (272) — Credit contracts 30 3 — (2) — — — 31 — — Other contracts (13) (48) — 45 — — — (16) 49 — Total derivative liabilities, net (b) (428) 482 — (327) (81) 5 — (349) (197) — Fortitude Re funds withheld payable 5,922 (7,851) — (576) — — — (2,505) 8,107 — Total (c) $ 11,066 $ (8,846) $ — $ (255) $ (81) $ 5 $ — $ 1,889 $ 9,634 $ — (a) Excludes MRB assets of $978 million at September 30, 2023 and $743 million at September 30, 2022, For additional information, see Note 13. (b) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only. (c) Excludes MRB liabilities of $4.5 billion at September 30, 2023 and $4.6 billion at September 30, 2022. For additional information, see Note 13. Market risk benefits and net realized and unrealized gains and losses included in income related to Level 3 assets and liabilities shown above are reported in the Condensed Consolidated Statements of Income (Loss) as follows: (in millions) Net Net Realized Change in the fair value of market risk benefits, net (c) Other Total Three Months Ended September 30, 2023 Assets: Bonds available for sale $ 202 $ (61) $ — $ — $ 141 Other bond securities (3) — — — (3) Equity securities 1 — — — 1 Other invested assets (11) (2) — — (13) Three Months Ended September 30, 2022 Assets: Bonds available for sale $ 106 $ (63) $ — $ — $ 43 Other bond securities (40) — — — (40) Equity securities (1) — — — (1) Other invested assets 62 — — — 62 Nine Months Ended September 30, 2023 Assets: Bonds available for sale $ 385 $ (85) $ — $ — $ 300 Other bond securities 32 — — — 32 Equity securities 3 — — — 3 Other invested assets (82) (2) — — (84) Nine Months Ended September 30, 2022 Assets: Bonds available for sale $ 412 $ (139) $ — $ — $ 273 Other bond securities (314) — — — (314) Equity securities (1) — — — (1) Other invested assets 307 — — — 307 (in millions) Net Net Realized Change in the fair value of market risk benefits, net (c) Other Total Three Months Ended September 30, 2023 Liabilities: Policyholder contract deposits (a) $ — $ (716) $ — $ — $ (716) Market risk benefit liabilities, net (b) — (1) (879) — (880) Derivative liabilities, net — 415 (180) (15) 220 Fortitude Re funds withheld payable — (1,137) — — (1,137) Other Liabilities — (6) — — (6) Three Months Ended September 30, 2022 Liabilities: Policyholder contract deposits (a) $ — $ (274) $ — $ — $ (274) Market risk benefit liabilities, net (b) — (2) (720) — (722) Derivative liabilities, net — 170 (43) (17) 110 Fortitude Re funds withheld payable — (1,757) — — (1,757) Nine Months Ended September 30, 2023 Liabilities: Policyholder contract deposits (a) $ — $ 94 $ — $ — $ 94 Market risk benefit liabilities, net (b) — (4) (1,676) — (1,680) Derivative liabilities, net — 392 (122) (47) 223 Fortitude Re funds withheld payable — (152) — — (152) Other Liabilities — (20) — — (20) Nine Months Ended September 30, 2022 Liabilities: Policyholder contract deposits (a) $ — $ (1,477) $ — $ — $ (1,477) Market risk benefit liabilities, net (b) — (10) (1,677) — (1,687) Derivative liabilities, net — 617 (90) (45) 482 Fortitude Re funds withheld payable — (7,851) — — (7,851) (a) Primarily embedded derivatives. (b) Market risk benefit assets and liabilities have been netted in the above table for presentation purposes only. (c) The portion of the fair value change attributable to own credit risk is recognized in OCI. (in millions) Purchases Sales Issuances and Settlements (a) Purchases, Sales, Issuances and Settlements, Net (a) Three Months Ended September 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ — $ (23) $ — $ (23) Non-U.S. governments — — (3) (3) Corporate debt 197 (30) (243) (76) RMBS 194 (6) (262) (74) CMBS — (7) 11 4 CLO/ABS 604 (158) (35) 411 Total bonds available for sale 995 (224) (532) 239 Other bond securities: Obligations of states, municipalities and political subdivisions — (2) — (2) Corporate debt 89 — (24) 65 RMBS — — (4) (4) CLO/ABS 35 (10) (44) (19) Total other bond securities 124 (12) (72) 40 Equity securities — (2) — (2) Other invested assets 74 — (5) 69 Other assets — — 1 1 Total $ 1,193 $ (238) $ (608) $ 347 Liabilities: Policyholder contract deposits $ — $ 348 $ (118) $ 230 Derivative liabilities, net (302) 9 152 (141) Fortitude Re funds withheld payable — — (158) (158) Total $ (302) $ 357 $ (124) $ (69) Three Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 5 $ — $ (34) $ (29) Non-U.S. governments — — (1) (1) Corporate debt 31 (49) (82) (100) RMBS 56 — (355) (299) CMBS 27 — (60) (33) CLO/ABS 581 (22) (36) 523 Total bonds available for sale 700 (71) (568) 61 Other bond securities: Corporate debt 2 — 64 66 RMBS 31 — (5) 26 CLO/ABS 65 (123) (100) (158) Total other bond securities 98 (123) (41) (66) Equity securities 8 — — 8 Other invested assets 53 — (98) (45) Total $ 859 $ (194) $ (707) $ (42) Liabilities: Policyholder contract deposits $ — $ 239 $ 50 $ 289 Derivative liabilities, net (243) 3 50 (190) Fortitude Re funds withheld payable — — (110) (110) Total $ (243) $ 242 $ (10) $ (11) (in millions) Purchases Sales Issuances and Settlements (a) Purchases, Sales, Issuances and Settlements, Net (a) Nine Months Ended September 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 1 $ (27) $ (5) $ (31) Non-U.S. governments — — (5) (5) Corporate debt 219 (30) (639) (450) RMBS 595 (67) (803) (275) CMBS 10 (39) (6) (35) CLO/ABS 1,996 (309) (46) 1,641 Total bonds available for sale 2,821 (472) (1,504) 845 Other bond securities: Obligations of states, municipalities and political subdivisions 3 (2) — 1 Corporate debt 176 — (183) (7) RMBS 6 — (26) (20) CLO/ABS 162 (10) (77) 75 Total other bond securities 347 (12) (286) 49 Equity securities 31 (2) (2) 27 Other invested assets 226 — (28) 198 Other assets — — 5 5 Total $ 3,425 $ (486) $ (1,815) $ 1,124 Liabilities: Policyholder contract deposits $ — $ 1,076 $ (210) $ 866 Derivative liabilities, net (752) 18 189 (545) Fortitude Re funds withheld payable — — (1,026) (1,026) Total $ (752) $ 1,094 $ (1,047) $ (705) Nine Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 6 $ (64) $ (36) $ (94) Non-U.S. governments — — (1) (1) Corporate Debt 54 (49) (142) (137) RMBS 341 — (1,514) (1,173) CMBS 173 — (89) 84 CLO/ABS 2,712 (22) (516) 2,174 Total bonds available for sale 3,286 (135) (2,298) 853 Other bond securities: Corporate debt 26 — 164 190 RMBS 62 — (22) 40 CLO/ABS 681 (123) (364) 194 Total other bond securities 769 (123) (222) 424 Equity securities 13 — 1 14 Other invested assets 570 — (653) (83) Other assets — — (7) (7) Total $ 4,638 $ (258) $ (3,179) $ 1,201 Liabilities: Policyholder contract deposits $ — $ 656 $ (8) $ 648 Derivative liabilities, net (492) 6 159 (327) Fortitude Re funds withheld payable — — (576) (576) Total $ (492) $ 662 $ (425) $ (255) (a) There were no issuances during the three and nine months ended September 30, 2023 and 2022. Transfers of Level 3 Assets and Liabilities The Net realized and unrealized gains (losses) included in income (loss) or OCI as shown in the table above excludes $1 million and $9 million of net gains (losses) related to assets and liabilities transferred into Level 3 during the three and nine months ended September 30, 2023, respectively, and includes $(21) million and $(35) million of net gains (losses) related to assets and liabilities transferred out of Level 3 during the three and nine months ended September 30, 2023, respectively. The Net realized and unrealized gains (losses) included in income (loss) or OCI as shown in the table above excludes $(25) million and $(98) million of net gains (losses) related to assets and liabilities transferred into Level 3 during the three and nine months ended September 30, 2022, respectively, and includes $(36) million and $(122) million of net gains (losses) related to assets and liabilities transferred out of Level 3 during the three and nine months ended September 30, 2022, respectively. Transfers of Level 3 Assets During the three and nine months ended September 30, 2023 and 2022, transfers into Level 3 assets primarily included certain investments in private placement corporate debt, residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS) and collateralized loan obligations (CLO)/asset-backed securities (ABS). Transfers of private placement corporate debt and certain ABS into Level 3 assets were primarily the result of limited market pricing information that required us to determine fair value for these securities based on inputs that are adjusted to better reflect our own assumptions regarding the characteristics of a specific security or associated market liquidity. The transfers of investments in RMBS, CMBS and CLO and certain ABS into Level 3 assets were due to diminished market transparency and liquidity for individual security types. During the three and nine months ended September 30, 2023 and 2022, transfers out of Level 3 assets primarily included certain investments in private placement corporate debt, RMBS, CMBS and CLO/ABS. Transfers of private placement corporate debt and certain ABS into Level 3 assets were primarily the result of limited market pricing information that required us to determine fair value for these securities based on inputs that are adjusted to better reflect our own assumptions regarding the characteristics of a specific security or associated market liquidity. The transfers of investments in RMBS, CMBS and CLO and certain ABS into Level 3 assets were due to diminished market transparency and liquidity for individual security types. Transfers of Level 3 Liabilities There were no significant transfers of derivative or other liabilities into or out of Level 3 for the three and nine months ended September 30, 2023. During the nine months ended September 30, 2022, transfers of derivatives into Level 3 were primarily due to increased long-dated European swaption activity with SOFR tenors. QUANTITATIVE INFORMATION ABOUT LEVEL 3 FAIR VALUE MEASUREMENTS The table below presents information about the significant unobservable inputs used for recurring fair value measurements for certain Level 3 instruments, and includes only those instruments for which information about the inputs is reasonably available to us, such as data from independent third-party valuation service providers. Because input information from third-parties with respect to certain Level 3 instruments (primarily CLO/ABS) may not be reasonably available to us, balances shown below may not equal total amounts reported for such Level 3 assets and liabilities: (in millions) Fair Value at Valuation Unobservable Input (b) Range (Weighted Average) (c) Assets: Obligations of states, municipalities and political subdivisions $ 743 Discounted cash flow Yield 5.64% - 6.05% (5.85%) Corporate debt 1,459 Discounted cash flow Yield 5.36% - 9.14% (7.25%) RMBS (a) 4,855 Discounted cash flow Constant prepayment rate 3.95% - 9.01% (6.48%) Loss severity 44.22% - 77.29% (60.75%) Constant default rate 0.76% - 2.46% (1.61%) Yield 5.38% - 7.34% (6.36%) CLO/ABS (a) 12,955 Discounted cash flow Yield 6.31% - 8.57% (7.44%) CMBS 501 Discounted cash flow Yield 5.85% - 17.89% (11.87%) Market risk benefit assets 978 Discounted cash flow Equity volatility 6.65% - 52.35% Base lapse rate 0.16% - 28.80% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 38.25% - 160.01% Utilization (h) 80.00% - 100.00% Equity / interest rate correlation 0.00% - 30.00% NPA (g) 0.62% - 2.08% (in millions) Fair Value at Valuation Unobservable Input (b) Range (Weighted Average) (c) Liabilities (d) : Market risk benefit liabilities: Variable annuities guaranteed benefits 1,835 Discounted cash flow Equity volatility 6.65% - 52.35% Base lapse rate 0.16% - 28.80% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 38.25% - 160.01% Utilization (h) 80.00% - 100.00% Equity / interest rate correlation 0.00% - 30.00% NPA (g) 0.62% - 2.08% Fixed annuities guaranteed benefits 824 Discounted cash flow Base lapse rate 0.20% - 15.75% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 40.26% - 168.43% Utilization (h) 90.00% - 97.50% NPA (g) 0.62% - 2.08% Fixed index annuities guaranteed benefits 1,860 Discounted cash flow Equity volatility 6.65% - 52.35% Base lapse rate 0.20% - 50.00% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 24.00% - 146.00% Utilization (h) 60.00% - 97.50% Option budget 0.00%

Investments

Investments	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	6. Investments SECURITIES AVAILABLE FOR SALE The following table presents the amortized cost and fair value of our available for sale securities: (in millions) Amortized Cost Allowance for Credit Losses (a) Gross Unrealized Gains Gross Unrealized Losses Fair Value September 30, 2023 Bonds available for sale: U.S. government and government sponsored entities $ 6,456 $ — $ 4 $ (506) $ 5,954 Obligations of states, municipalities and political subdivisions 11,781 — 39 (1,374) 10,446 Non-U.S. governments 13,559 (4) 68 (1,899) 11,724 Corporate debt 151,989 (87) 806 (26,617) 126,091 Mortgage-backed, asset-backed and collateralized: RMBS 19,643 (33) 826 (1,705) 18,731 CMBS 15,143 (13) 18 (1,638) 13,510 CLO/ABS 30,120 (1) 120 (1,755) 28,484 Total mortgage-backed, asset-backed and collateralized 64,906 (47) 964 (5,098) 60,725 Total bonds available for sale (b) $ 248,691 $ (138) $ 1,881 $ (35,494) $ 214,940 December 31, 2022 Bonds available for sale: U.S. government and government sponsored entities $ 7,094 $ — $ 21 $ (496) $ 6,619 Obligations of states, municipalities and political subdivisions 13,195 — 99 (1,195) 12,099 Non-U.S. governments 15,133 (6) 91 (1,733) 13,485 Corporate debt 160,242 (132) 1,152 (23,423) 137,839 Mortgage-backed, asset-backed and collateralized: RMBS 19,584 (37) 807 (1,537) 18,817 CMBS 15,610 (11) 14 (1,420) 14,193 CLO/ABS 25,135 — 38 (2,069) 23,104 Total mortgage-backed, asset-backed and collateralized 60,329 (48) 859 (5,026) 56,114 Total bonds available for sale (b) $ 255,993 $ (186) $ 2,222 $ (31,873) $ 226,156 (a) Represents the allowance for credit losses that has been recognized. Changes in the allowance for credit losses are recorded through Net realized gains (losses) and are not recognized in OCI. (b) At September 30, 2023 and December 31, 2022, the fair value of bonds available for sale held by us that were below investment grade or not rated totaled $17.4 billion or 8 percent and $22.3 billion or 10 percent, respectively. Securities Available for Sale in a Loss Position for Which No Allowance for Credit Loss Has Been Recorded The following table summarizes the fair value and gross unrealized losses on our available for sale securities, aggregated by major investment category and length of time that individual securities have been in a continuous unrealized loss position for which no allowance for credit loss has been recorded: Less than 12 Months 12 Months or More Total (in millions) Fair Gross Fair Gross Fair Gross September 30, 2023 Bonds available for sale: U.S. government and government sponsored entities $ 4,708 $ 307 $ 816 $ 199 $ 5,524 $ 506 Obligations of states, municipalities and political subdivisions 5,378 589 4,099 785 9,477 1,374 Non-U.S. governments 6,831 965 3,578 928 10,409 1,893 Corporate debt 53,646 10,739 62,852 15,812 116,498 26,551 RMBS 7,529 705 5,481 961 13,010 1,666 CMBS 6,322 770 5,851 860 12,173 1,630 CLO/ABS 10,794 536 11,640 1,219 22,434 1,755 Total bonds available for sale $ 95,208 $ 14,611 $ 94,317 $ 20,764 $ 189,525 $ 35,375 December 31, 2022 Bonds available for sale: U.S. government and government sponsored entities $ 3,493 $ 368 $ 1,816 $ 128 $ 5,309 $ 496 Obligations of states, municipalities and political subdivisions 8,697 1,180 73 15 8,770 1,195 Non-U.S. governments 10,702 1,526 779 191 11,481 1,717 Corporate debt 110,683 19,756 13,778 3,609 124,461 23,365 RMBS 10,953 1,293 1,005 182 11,958 1,475 CMBS 11,620 1,094 1,728 326 13,348 1,420 CLO/ABS 16,852 1,388 4,307 681 21,159 2,069 Total bonds available for sale $ 173,000 $ 26,605 $ 23,486 $ 5,132 $ 196,486 $ 31,737 At September 30, 2023, we held 32,663 individual fixed maturity securities that were in an unrealized loss position and for which no allowance for credit losses has been recorded (including 17,596 individual fixed maturity securities that were in a continuous unrealized loss position for 12 months or more). At December 31, 2022, we held 36,549 individual fixed maturity securities that were in an unrealized loss position and for which no allowance for credit losses has been recorded (including 4,048 individual fixed maturity securities that were in a continuous unrealized loss position for 12 months or more). We did not recognize the unrealized losses in earnings on these fixed maturity securities at September 30, 2023 because it was determined that such losses were due to non-credit factors. Additionally, we neither intend to sell the securities nor do we believe that it is more likely than not that we will be required to sell these securities before recovery of their amortized cost basis. For fixed maturity securities with significant declines, we performed fundamental credit analyses on a security-by-security basis, which included consideration of credit enhancements, liquidity position, expected defaults, industry and sector analysis, forecasts and available market data. Contractual Maturities of Fixed Maturity Securities Available for Sale The following table presents the amortized cost and fair value of fixed maturity securities available for sale by contractual maturity: September 30, 2023 Total Fixed Maturity Securities (in millions) Amortized Cost, Fair Value Due in one year or less $ 8,243 $ 8,120 Due after one year through five years 46,097 43,640 Due after five years through ten years 40,730 35,826 Due after ten years 88,624 66,629 Mortgage-backed, asset-backed and collateralized 64,859 60,725 Total $ 248,553 $ 214,940 Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay certain obligations with or without call or prepayment penalties. The following table presents the gross realized gains and gross realized losses from sales or maturities of our available for sale securities: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (in millions) Gross Gross Gross Gross Gross Gross Gross Gross Fixed maturity securities $ 18 $ 181 $ 123 $ 254 $ 247 $ 1,203 $ 406 $ 1,280 For the three and nine months ended September 30, 2023, the aggregate fair value of available for sale securities sold was $3.1 billion and $19.7 billion, respectively, which resulted in net realized gains (losses) of $(163) million and $(956) million, respectively. Included within the net realized gains (losses) are $(6) million and $(125) million of net realized gains (losses) for the three and nine months ended September 30, 2023, respectively, which relate to Fortitude Re funds withheld assets. These net realized gains (losses) are included in Net realized gains (losses) on Fortitude Re funds withheld assets. For the three and nine months ended September 30, 2022, the aggregate fair value of available for sale securities sold was $2.0 billion and $16.0 billion, respectively, which resulted in net realized gains (losses) of $(131) million and $(874) million, respectively. Included within the net realized gains (losses) are $(64) million and $(218) million of net realized gains (losses) for the three and nine months ended September 30, 2022, respectively, which relate to Fortitude Re funds withheld assets. These net realized gains (losses) are included in Net realized gains (losses) on Fortitude Re funds withheld assets. OTHER SECURITIES MEASURED AT FAIR VALUE The following table presents the fair value of fixed maturity securities measured at fair value based on our election of the fair value option, which are reported in the other bond securities caption in the financial statements, and equity securities measured at fair value: (in millions) September 30, 2023 December 31, 2022 Fair Percent Fair Percent Fixed maturity securities: Obligations of states, municipalities and political subdivisions $ 91 2 % $ 111 2 % Non-U.S. governments 33 1 66 1 Corporate debt 2,624 49 2,392 47 Mortgage-backed, asset-backed and collateralized: RMBS 267 5 286 6 CMBS 278 5 331 7 CLO/ABS and other collateralized 1,547 29 1,299 26 Total mortgage-backed, asset-backed and collateralized 2,092 39 1,916 39 Total fixed maturity securities 4,840 91 4,485 89 Equity securities 515 9 575 11 Total $ 5,355 100 % $ 5,060 100 % OTHER INVESTED ASSETS The following table summarizes the carrying amounts of other invested assets: (in millions) September 30, 2023 December 31, 2022 Alternative investments (a)(b) $ 11,643 $ 11,809 Investment real estate (c) 2,208 2,153 All other investments (d) 2,203 1,991 Total $ 16,054 $ 15,953 (a) At September 30, 2023, included hedge funds of $0.9 billion and private equity funds of $10.8 billion. At December 31, 2022, included hedge funds of $1.4 billion and private equity funds of $10.4 billion. (b) The majority of our hedge fund investments are redeemable upon a single month or quarter’s notice, though redemption terms vary from single, immediate withdrawals, to withdrawals staggered up to eight quarters. Some of the portfolio consists of illiquid run-off or “side-pocket” positions whose liquidation horizons are uncertain and likely beyond a year after submission of the redemption notice. (c) Represents values net of accumulated depreciation. At September 30, 2023 and December 31, 2022, the accumulated depreciation was $820 million and $786 million, respectively. (d) Includes AIG's ownership interest in Fortitude Group Holdings, LLC (FRL), which is recorded using the measurement alternative for equity securities. Our investment in FRL totaled $156 million and $156 million at September 30, 2023 and December 31, 2022, respectively. NET INVESTMENT INCOME The following table presents the components of Net investment income: Three Months Ended September 30, 2023 2022 (in millions) Excluding Fortitude Fortitude Re Total Excluding Fortitude Fortitude Re Total Available for sale fixed maturity securities, including short-term investments $ 2,697 $ 221 $ 2,918 $ 2,150 $ 256 $ 2,406 Other fixed maturity securities (a) (2) (37) (39) (73) (168) (241) Equity securities 41 — 41 16 — 16 Interest on mortgage and other loans 631 61 692 515 53 568 Alternative investments (b) 26 25 51 (49) 11 (38) Real estate 8 — 8 14 — 14 Other investments (c) 64 2 66 83 11 94 Total investment income 3,465 272 3,737 2,656 163 2,819 Investment expenses 173 8 181 143 8 151 Net investment income $ 3,292 $ 264 $ 3,556 $ 2,513 $ 155 $ 2,668 Nine Months Ended September 30, 2023 2022 (in millions) Excluding Fortitude Fortitude Re Total Excluding Fortitude Fortitude Re Total Available for sale fixed maturity securities, including short-term investments $ 7,872 $ 696 $ 8,568 $ 6,338 $ 824 $ 7,162 Other fixed maturity securities (a) 18 79 97 (449) (466) (915) Equity securities 135 — 135 (41) — (41) Interest on mortgage and other loans 1,823 178 2,001 1,428 150 1,578 Alternative investments (b) 249 69 318 729 138 867 Real estate 28 — 28 46 — 46 Other investments (c) 100 2 102 277 14 291 Total investment income 10,225 1,024 11,249 8,328 660 8,988 Investment expenses 566 23 589 453 26 479 Net investment income $ 9,659 $ 1,001 $ 10,660 $ 7,875 $ 634 $ 8,509 (a) Included in the three and nine months ended September 30, 2022 were income (loss) of $(57) million and $(208) million, respectively, related to fixed maturity securities measured at fair value that economically hedge liabilities described in (c) below . (b) Included income from hedge funds, private equity funds and affordable housing partnerships. Hedge funds are recorded as of the balance sheet date. Private equity funds are generally reported on a one-quarter lag. (c) Included in the three and nine months ended September 30, 2023 were income (loss) of $(1) million and $(5) million, respectively, related to liabilities measured at fair value that are economically hedged with fixed maturity securities as described in (a) above. Included in the three and nine months ended September 30, 2022 were income (loss) of $62 million and $194 million, respectively, related to liabilities measured at fair value that are economically hedged with fixed maturity securities as described in (a) above. NET REALIZED GAINS AND LOSSES Net realized gains and losses are determined by specific identification. The net realized gains and losses are generated primarily from the following sources: • Sales of available for sale fixed maturity securities, real estate and other alternative investments. • Reductions to the amortized cost basis of available for sale fixed maturity securities that have been written down due to our intent to sell them or it being more likely than not that we will be required to sell them. • Changes in the allowance for credit losses on bonds available for sale, mortgage and other loans receivable, and loans commitments. • Most changes in the fair value of free standing and embedded derivatives, including changes in the non-performance adjustment are included in Net realized gains (losses). However, changes in derivatives designated as hedging instruments when the fair value of the hedged item is not reported in Net realized gains (losses) are excluded from Net realized gains (losses). Additionally, in conjunction with the adoption of LDTI, changes in the fair value of free standing derivatives that hedge certain MRBs are excluded from Net realized gains (losses). • Foreign exchange gains and losses resulting from foreign currency transactions. • Changes in fair value of the embedded derivative related to the Fortitude Re funds withheld assets. The following table presents the components of Net realized gains (losses): Three Months Ended September 30, 2023 2022 (in millions) Excluding Fortitude Re Total Excluding Fortitude Re Total Sales of fixed maturity securities $ (157) $ (6) $ (163) $ (67) $ (64) $ (131) Change in allowance for credit losses on fixed maturity securities (47) (7) (54) (1) 7 6 Change in allowance for credit losses on loans (41) (22) (63) (26) (24) (50) Foreign exchange transactions (165) (38) (203) (242) (22) (264) Index-linked interest credited embedded derivatives, net of related hedges 129 — 129 34 — 34 All other derivatives and hedge accounting* 377 (149) 228 1,044 (13) 1,031 Sales of alternative investments and real estate investments 65 (1) 64 137 32 169 Other 10 (4) 6 22 (2) 20 Net realized gains (losses) – excluding Fortitude Re funds withheld embedded derivative 171 (227) (56) 901 (86) 815 Net realized gains on Fortitude Re funds withheld embedded derivative — 1,137 1,137 — 1,757 1,757 Net realized gains $ 171 $ 910 $ 1,081 $ 901 $ 1,671 $ 2,572 Nine Months Ended September 30, 2023 2022 (in millions) Excluding Fortitude Fortitude Re Total Excluding Fortitude Fortitude Re Total Sales of fixed maturity securities $ (831) $ (125) $ (956) $ (656) $ (218) $ (874) Change in allowance for credit losses on fixed maturity securities (119) (9) (128) (101) (34) (135) Change in allowance for credit losses on loans (129) (48) (177) (21) (26) (47) Foreign exchange transactions 160 (11) 149 (484) (46) (530) Index-linked interest credited embedded derivatives, net of related hedges (190) — (190) 217 — 217 All other derivatives and hedge accounting* 186 (198) (12) 2,126 (21) 2,105 Sales of alternative investments and real estate investments 73 (1) 72 160 35 195 Other (31) (4) (35) 3 (2) 1 Net realized gains (losses) – excluding Fortitude Re funds withheld embedded derivative (881) (396) (1,277) 1,244 (312) 932 Net realized gains (losses) on Fortitude Re funds withheld embedded derivative — 152 152 — 7,851 7,851 Net realized gains (losses) $ (881) $ (244) $ (1,125) $ 1,244 $ 7,539 $ 8,783 * Derivative activity related to hedging MRBs is recorded in Change in the fair value of MRBs, net. For additional disclosures about MRBs, see Note 13. CHANGE IN UNREALIZED APPRECIATION (DEPRECIATION) OF INVESTMENTS The following table presents the increase (decrease) in unrealized appreciation (depreciation) of our available for sale securities and other investments: Three Months Ended Nine Months Ended (in millions) 2023 2022 2023 2022 Increase (decrease) in unrealized appreciation (depreciation) of investments: Fixed maturity securities $ (7,033) $ (12,134) $ (3,962) $ (50,191) Other investments — — — (14) Total increase (decrease) in unrealized appreciation (depreciation) of investments* $ (7,033) $ (12,134) $ (3,962) $ (50,205) * Excludes net unrealized gains and losses attributable to businesses held for sale at September 30, 2023. The following table summarizes the unrealized gains and losses recognized in Net investment income during the reporting period on equity securities and other investments still held at the reporting date: Three Months Ended September 30, 2023 2022 (in millions) Equities Other Total Equities Other Total Net gains (losses) recognized during the period on equity securities and other investments $ 41 $ 102 $ 143 $ 16 $ (98) $ (82) Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period 19 (2) 17 26 13 39 Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date $ 22 $ 104 $ 126 $ (10) $ (111) $ (121) Nine Months Ended September 30, 2023 2022 (in millions) Equities Other Total Equities Other Total Net gains (losses) recognized during the period on equity securities and other investments $ 135 $ 399 $ 534 $ (41) $ 306 $ 265 Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period 159 16 175 119 (23) 96 Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date $ (24) $ 383 $ 359 $ (160) $ 329 $ 169 EVALUATING INVESTMENTS FOR AN ALLOWANCE FOR CREDIT LOSSES For a discussion of our policy for evaluating investments for an allowance for credit losses, see Note 5 to the Consolidated Financial Statements in the 2022 Annual Report. Credit Impairments The following table presents a rollforward of the changes in allowance for credit losses on available for sale fixed maturity securities by major investment category: Three Months Ended September 30, 2023 2022 (in millions) Structured Non- Total Structured Non- Total Balance, beginning of period $ 47 $ 78 $ 125 $ 26 $ 149 $ 175 Additions: Securities for which allowance for credit losses were not previously recorded 12 65 77 6 25 31 Reductions: Securities sold during the period (1) (16) (17) (1) (45) (46) Addition to (release of) the allowance for credit losses on securities that had an allowance recorded in a previous period, for which there was no intent to sell before recovery of amortized cost basis 4 (27) (23) — (37) (37) Write-offs charged against the allowance (15) (12) (27) — (7) (7) Other — 3 3 (1) — (1) Balance, end of period $ 47 $ 91 $ 138 $ 30 $ 85 $ 115 Nine Months Ended September 30, 2023 2022 (in millions) Structured Non- Total Structured Non- Total Balance, beginning of year $ 46 $ 140 $ 186 $ 8 $ 90 $ 98 Additions: Securities for which allowance for credit losses were not previously recorded 30 127 157 57 181 238 Reductions: Securities sold during the period (4) (42) (46) (2) (86) (88) Addition to (release of) the allowance for credit losses on securities that had an allowance recorded in a previous period, for which there was no intent to sell before recovery of amortized cost basis — (29) (29) (32) (71) (103) Write-offs charged against the allowance (25) (99) (124) — (29) (29) Other — (6) (6) (1) — (1) Balance, end of period $ 47 $ 91 $ 138 $ 30 $ 85 $ 115 Purchased Credit Deteriorated (PCD) Securities We purchase certain RMBS securities that have experienced more-than-insignificant deterioration in credit quality since origination. These are referred to as PCD assets. At the time of purchase an allowance is recognized for these PCD assets by adding it to the purchase price to arrive at the initial amortized cost. There is no credit loss expense recognized upon acquisition of a PCD asset. When determining the initial allowance for credit losses, management considers the historical performance of underlying assets and available market information as well as bond-specific structural considerations, such as credit enhancement and the priority of payment structure of the security. In addition, the process of estimating future cash flows includes, but is not limited to, the following critical inputs: • Current delinquency rates; • Expected default rates and the timing of such defaults; • Loss severity and the timing of any recovery; and • Expected prepayment speeds. Subsequent to the acquisition date, the PCD assets follow the same accounting as other structured securities that are not high credit quality. We did not purchase securities with more than insignificant credit deterioration since their origination during the nine months ended September 30, 2023 and 2022. PLEDGED INVESTMENTS Secured Financing and Similar Arrangements We enter into secured financing transactions whereby certain securities are sold under agreements to repurchase (repurchase agreements), in which we transfer securities in exchange for cash, with an agreement by us to repurchase the same or substantially similar securities. Our secured financing transactions also include those that involve the transfer of securities to financial institutions in exchange for cash (securities lending agreements). In all of these secured financing transactions, the securities transferred by us (pledged collateral) may be sold or repledged by the counterparties. These agreements are recorded at their contracted amounts plus accrued interest, other than those that are accounted for at fair value. Pledged collateral levels are monitored daily and are generally maintained at an agreed-upon percentage of the fair value of the amounts borrowed during the life of the transactions. In the event of a decline in the fair value of the pledged collateral under these secured financing transactions, we may be required to transfer cash or additional securities as pledged collateral under these agreements. At the termination of the transactions, we and our counterparties are obligated to return the amounts borrowed and the securities transferred, respectively. The following table presents the fair value of securities pledged to counterparties under secured financing transactions, including repurchase and securities lending agreements: (in millions) September 30, 2023 December 31, 2022 Fixed maturity securities available for sale $ 764 $ 2,968 At September 30, 2023 and December 31, 2022, amounts borrowed under repurchase and securities lending agreements totaled $733 million and $3.1 billion, respectively. The following table presents the fair value of securities pledged under our repurchase agreements by collateral type and by remaining contractual maturity: Remaining Contractual Maturity of the Agreements (in millions) Overnight up to 31 - 90 91 - 364 365 days Total September 30, 2023 Bonds available for sale: Non-U.S. governments $ — $ 38 $ — $ — $ — $ 38 Corporate debt 34 692 — — — 726 Total $ 34 $ 730 $ — $ — $ — $ 764 Remaining Contractual Maturity of the Agreements (in millions) Overnight up to 31 - 90 91 - 364 365 days Total December 31, 2022 Bonds available for sale: Non-U.S. governments $ — $ 20 $ — $ — $ — $ 20 Corporate debt — 2,371 577 — — 2,948 Total $ — $ 2,391 $ 577 $ — $ — $ 2,968 We also enter into agreements in which securities are purchased by us under reverse repurchase agreements, which are accounted for as secured financing transactions and reported as short-term investments or other assets, depending on their terms. These agreements are recorded at their contracted resale amounts plus accrued interest, other than those that are accounted for at fair value. In all reverse repurchase transactions, we take possession of or obtain a security interest in the related securities, and we have the right to sell or repledge this collateral received. The following table presents information on the fair value of securities pledged to us under reverse repurchase agreements: (in millions) September 30, 2023 December 31, 2022 Securities collateral pledged to us $ 1,131 $ — At September 30, 2023, the carrying value of reverse repurchase agreements totaled $1.1 billion. All secured financing transactions are collateralized and margined on a daily basis consistent with market standards and subject to enforceable master netting arrangements with rights of set off. We do not currently offset any such transactions. Insurance – Statutory and Other Deposits The total carrying value of cash and securities deposited by our insurance subsidiaries under requirements of regulatory authorities or other insurance-related arrangements, including certain annuity-related obligations and certain reinsurance contracts, was $13.8 billion and $13.6 billion at September 30, 2023 and December 31, 2022, respectively. Other Pledges and Restrictions Certain of our subsidiaries are members of Federal Home Loan Banks (FHLBs) and such membership requires the members to own stock in these FHLBs. We owned an aggregate of $283 million and $239 million of stock in FHLBs at September 30, 2023 and December 31, 2022, respectively. In addition, our subsidiaries have pledged securities available for sale and residential loans associated with borrowings and funding agreements from FHLBs, with a fair value of $6.5 billion and $2.9 billion, respectively, at September 30, 2023 and $5.8 billion and $1.8 billion, respectively, at December 31, 2022. Certain GIAs have provisions that require collateral to be posted or payments to be made by us upon a downgrade of our long-term debt ratings. The actual amount of collateral required to be posted to the counterparties in the event of such downgrades, and the aggregate amount of payments that we could be required to make, depend on market conditions, the fair value of outstanding affected transactions and other factors prevailing at and after the time of the downgrade. The fair value of securities pledged as collateral with respect to these obligations was approximately $101 million and $63 million, at September 30, 2023 and December 31, 2022, respectively. This collateral primarily consists of securities of the U.S. government and government sponsored entities and generally cannot be repledged or resold by the counterparties. Investments held in escrow accounts or otherwise subject to restriction as to their use were $302 million and $301 million, comprised of bonds available for sale and short-term investments at September 30, 2023 and December 31, 2022, respectively. Reinsurance transactions between AIG and Fortitude Re were structured as modco and loss portfolio transfer arrangements with funds withheld.

Lending Activities

Lending Activities	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Lending Activities	7. Lending Activities The following table presents the composition of Mortgage and other loans receivable, net: (in millions) September 30, 2023 December 31, 2022 Commercial mortgages (a) $ 37,996 $ 37,128 Residential mortgages 8,098 6,130 Life insurance policy loans 1,768 1,758 Commercial loans, other loans and notes receivable (b) 3,946 5,305 Total mortgage and other loans receivable (c) 51,808 50,321 Allowance for credit losses (c) (d) (886) (716) Mortgage and other loans receivable, net (c) $ 50,922 $ 49,605 (a) Commercial mortgages primarily represent loans for apartments, offices and retail properties, with exposures in New York and California representing the largest geographic concentrations (aggregating approximately 18 percent and 11 percent, respectively, at September 30, 2023 and 19 percent and 11 percent, respectively, at December 31, 2022). (b) There were no loans that were held for sale carried at lower of cost or market as of September 30, 2023. The net carrying value of loans carried at lower of cost or market was $170 million as of December 31, 2022. (c) Excludes $37.6 billion at both September 30, 2023 and December 31, 2022 of loan receivable from AIGFP, which has a full allowance for credit losses, recognized upon the deconsolidation of AIGFP. For additional information, see Note 1. (d) Does not include allowance for credit losses of $70 million and $69 million, respectively, at September 30, 2023 and December 31, 2022, in relation to off-balance-sheet commitments to fund commercial mortgage loans, which is recorded in Other liabilities. Interest income is not accrued when payment of contractual principal and interest is not expected. Any cash received on impaired loans is generally recorded as a reduction of the current carrying amount of the loan. Accrual of interest income is generally resumed when delinquent contractual principal and interest is repaid or when a portion of the delinquent contractual payments are made and the ongoing required contractual payments have been made for an appropriate period. As of September 30, 2023, $20 million and $694 million of residential mortgage loans and commercial mortgage loans, respectively, are placed on nonaccrual status. As of December 31, 2022, $5 million and $703 million of residential mortgage loans and commercial mortgage loans, respectively, are placed on nonaccrual status. Accrued interest is presented separately and is included in Accrued investment income on the Condensed Consolidated Balance Sheets. As of September 30, 2023, accrued interest receivable was $21 million and $177 million associated with residential mortgage loans and commercial mortgage loans, respectively. As of December 31, 2022, accrued interest receivable was $15 million and $147 million associated with residential mortgage loans and commercial mortgage loans, respectively. A significant majority of commercial mortgages in the portfolio are non-recourse loans and, accordingly, the only guarantees are for specific items that are exceptions to the non-recourse provisions. It is therefore extremely rare for us to have cause to enforce the provisions of a guarantee on a commercial real estate or mortgage loan. Nonperforming loans are generally those loans where payment of contractual principal or interest is more than 90 days past due. Nonperforming loans were not significant for any of the periods presented. CREDIT QUALITY OF COMMERCIAL MORTGAGES The following table presents debt service coverage ratios (a) for commercial mortgages by year of vintage: September 30, 2023 2023 2022 2021 2020 2019 Prior Total (in millions) >1.2X $ 1,612 $ 5,790 $ 2,354 $ 1,362 $ 5,091 $ 14,822 $ 31,031 1.00 - 1.20X 110 1,065 1,477 350 243 2,667 5,912 <1.00X — 48 — — — 1,005 1,053 Total commercial mortgages $ 1,722 $ 6,903 $ 3,831 $ 1,712 $ 5,334 $ 18,494 $ 37,996 December 31, 2022 2022 2021 2020 2019 2018 Prior Total (in millions) >1.2X $ 5,518 $ 2,457 $ 1,710 $ 4,985 $ 4,120 $ 11,663 $ 30,453 1.00 - 1.20X 910 898 473 416 567 1,353 4,617 <1.00X 45 — 23 52 744 1,194 2,058 Total commercial mortgages $ 6,473 $ 3,355 $ 2,206 $ 5,453 $ 5,431 $ 14,210 $ 37,128 The following table presents loan-to-value ratios (b) for commercial mortgages by year of vintage: September 30, 2023 2023 2022 2021 2020 2019 Prior Total (in millions) Less than 65% $ 1,546 $ 4,588 $ 2,871 $ 1,254 $ 3,789 $ 12,601 $ 26,649 65% to 75% 176 1,701 619 239 1,495 3,821 8,051 76% to 80% — 564 52 — — 171 787 Greater than 80% — 50 289 219 50 1,901 2,509 Total commercial mortgages $ 1,722 $ 6,903 $ 3,831 $ 1,712 $ 5,334 $ 18,494 $ 37,996 December 31, 2022 2022 2021 2020 2019 2018 Prior Total (in millions) Less than 65% $ 5,425 $ 2,548 $ 1,775 $ 3,958 $ 3,016 $ 10,739 $ 27,461 65% to 75% 998 517 405 1,445 1,487 1,393 6,245 76% to 80% 50 52 — — 168 229 499 Greater than 80% — 238 26 50 760 1,849 2,923 Total commercial mortgages $ 6,473 $ 3,355 $ 2,206 $ 5,453 $ 5,431 $ 14,210 $ 37,128 (a) The debt service coverage ratio compares a property’s net operating income to its debt service payments, including principal and interest. Our weighted average debt service coverage ratio was 1.9x at both September 30, 2023 and December 31, 2022. The debt service coverage ratios are updated when additional relevant information becomes available. (b) The loan-to-value ratio compares the current unpaid principal balance of the loan to the estimated fair value of the underlying property collateralizing the loan. Our weighted average loan-to-value ratio was 59 percent at September 30, 2023 and 59 percent at December 31, 2022. The loan-to-value ratios have been updated within the last three months to reflect the current carrying values of the loans. We update the valuations of collateral properties by obtaining independent appraisals, generally at least once per year. The following table presents supplementary credit quality information related to commercial mortgages: Number Class Percent (dollars in millions) Apartments Offices Retail Industrial Hotel Others Total September 30, 2023 Past Due Status: In good standing 635 $ 15,175 $ 9,761 $ 3,936 $ 6,414 $ 2,047 $ 432 $ 37,765 99 % 90 days or less delinquent 1 — 34 — — — — 34 — >90 days delinquent or in process of foreclosure (a) 2 — 157 40 — — — 197 1 Total (b) 638 $ 15,175 $ 9,952 $ 3,976 $ 6,414 $ 2,047 $ 432 $ 37,996 100 % Allowance for credit losses $ 93 $ 507 $ 83 $ 86 $ 37 $ 6 $ 812 2 % December 31, 2022 Past Due Status: In good standing 625 $ 14,597 $ 10,102 $ 3,774 $ 6,006 $ 2,027 $ 407 $ 36,913 99 % 90 days or less delinquent — — — — — — — — — >90 days delinquent or in process of foreclosure (a) 4 — 173 42 — — — 215 1 Total (b) 629 $ 14,597 $ 10,275 $ 3,816 $ 6,006 $ 2,027 $ 407 $ 37,128 100 % Allowance for credit losses $ 100 $ 351 $ 81 $ 71 $ 29 $ 8 $ 640 2 % (a) Includes $157 million and $156 million of Office loans supporting the Fortitude Re funds withheld arrangements, greater than 90 days delinquent or in process of foreclosure, at September 30, 2023 and December 31, 2022, respectively. (b) Does not reflect allowance for credit losses. The following table presents credit quality performance indicators for residential mortgages by year of vintage: September 30, 2023 2023 2022 2021 2020 2019 Prior Total (in millions) FICO*: 780 and greater $ 354 $ 568 $ 2,296 $ 630 $ 242 $ 618 $ 4,708 720 - 779 822 598 550 169 100 248 2,487 660 - 719 215 249 103 40 38 130 775 600 - 659 2 21 10 9 9 53 104 Less than 600 — — 2 2 4 16 24 Total residential mortgages $ 1,393 $ 1,436 $ 2,961 $ 850 $ 393 $ 1,065 $ 8,098 December 31, 2022 2022 2021 2020 2019 2018 Prior Total (in millions) FICO*: 780 and greater $ 296 $ 2,204 $ 654 $ 232 $ 77 $ 567 $ 4,030 720 - 779 536 728 168 76 32 169 1,709 660 - 719 163 80 28 16 9 62 358 600 - 659 2 4 2 2 2 14 26 Less than 600 — — — 1 — 6 7 Total residential mortgages $ 997 $ 3,016 $ 852 $ 327 $ 120 $ 818 $ 6,130 * Fair Isaac Corporation (FICO) is the credit quality indicator used to evaluate consumer credit risk for residential mortgage loan borrowers and have been updated within the last twelve months. METHODOLOGY USED TO ESTIMATE THE ALLOWANCE FOR CREDIT LOSSES For a discussion of our accounting policy for evaluating Mortgage and other loans receivable for impairment, see Note 6 to the Consolidated Financial Statements in the 2022 Annual Report. The following table presents a rollforward of the changes in the allowance for credit losses on Mortgage and other loans receivable (a) : Three Months Ended September 30, 2023 (b) 2022 (in millions) Commercial Other Total Commercial Other Total Allowance, beginning of period $ 737 $ 69 $ 806 $ 525 $ 78 $ 603 Addition to (release of) allowance for loan losses 75 5 80 39 13 52 Allowance, end of period $ 812 $ 74 $ 886 $ 564 $ 91 $ 655 Nine Months Ended September 30, 2023 (b) 2022 (in millions) Commercial Other Total Commercial Other Total Allowance, beginning of year $ 640 $ 76 $ 716 $ 545 $ 84 $ 629 Loans charged off (6) — (6) (4) — (4) Net charge-offs (6) — (6) (4) — (4) Addition to (release of) allowance for loan losses 178 (2) 176 23 7 30 Allowance, end of period $ 812 $ 74 $ 886 $ 564 $ 91 $ 655 (a) Does not include allowance for credit losses of $70 million and $87 million, respectively, at September 30, 2023 and 2022 in relation to off-balance-sheet commitments to fund commercial mortgage loans, which is recorded in Other liabilities. (b) Excludes $37.6 billion at both September 30, 2023 and December 31, 2022, of loan receivable from AIGFP, which has a full allowance for credit losses, recognized upon the deconsolidation of AIGFP. For additional information, see Note 1. Our expectations and models used to estimate the allowance for losses on commercial and residential mortgage loans are regularly updated to reflect the current economic environment. LOAN MODIFICATIONS The allowance for credit losses incorporates an estimate of lifetime expected credit losses and is recorded on each asset upon asset origination or acquisition. The starting point for the estimate of the allowance for credit losses is historical loss information, which includes losses from modifications of receivables to borrowers experiencing financial difficulty. We use a probability of default/loss given default model to determine the allowance for credit losses for our commercial and residential mortgage loans. An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses utilizing the measurement methodologies used to estimate the allowance, a change to the allowance for credit losses is generally not recorded upon modification. When modifications are executed, they often will be in the form of principal forgiveness, term extensions, interest rate reductions, or some combination of any of these concessions. When principal is forgiven, the amortized cost basis of the asset is written off against the allowance for credit losses. The amount of the principal forgiveness is deemed to be uncollectible; therefore, that portion of the loan is written off, resulting in a reduction of the amortized cost basis and a corresponding adjustment to the allowance for credit losses. We assess whether a borrower is experiencing financial difficulty based on a variety of factors, including the borrower’s current default on any of its outstanding debt, the probability of a default on any of its debt in the foreseeable future without the modification, the insufficiency of the borrower’s forecasted cash flows to service any of its outstanding debt (including both principal and interest), and the borrower’s inability to access alternative third party financing at an interest rate that would be reflective of current market conditions for a non-troubled debtor. During the three and nine months ended September 30, 2023, commercial mortgage loans with an amortized cost of $51 million and commercial loans, other loans and notes receivable with an amortized cost of $168 million were granted term extensions. The modified loans represent less than 1 percent of each of these two portfolio segments. These modifications added less than one year to the weighted average life of loans in each of these two portfolio segments. There were no loans that had defaulted during the nine months ended September 30, 2023, that had been previously modified with borrowers experiencing financial difficulties. Prior to January 1, 2023, we were required to assess loan modifications to determine if they were a troubled debt restructuring. A troubled debt restructuring was a modification of a loan with a borrower that was experiencing financial difficulty and the modification involved us granting a concession to the troubled borrower. Concessions previously granted included extended maturity dates, interest rate changes, principal or interest forgiveness, payment deferrals and easing of loan covenants.

Reinsurance

Reinsurance	9 Months Ended
	Sep. 30, 2023
Insurance [Abstract]
Reinsurance	8. Reinsurance In the ordinary course of business, our insurance companies purchase both treaty and facultative reinsurance to limit potential losses, provide additional capacity for growth, minimize exposure to significant risks or to facilitate greater diversification of our businesses. In addition, certain of our General Insurance subsidiaries sell reinsurance to other insurance companies. We determine the portion of our ultimate net loss that will be recoverable under our reinsurance contracts by reference to the terms of the reinsurance protection purchased. This determination involves an estimate of incurred but not reported (IBNR) loss. Reinsurance recoverables for contracts which are accounted for as deposits are subject to similar judgments and uncertainties and reported in Other assets. Reinsurance assets include the balances due for paid losses and expenses, reserves for losses and expenses reported and outstanding, reserves for IBNR, ceded unearned premiums and ceded future policy benefits for life and accident and health insurance contracts and benefits paid and unpaid. Amounts related to paid and reserved losses and expenses and benefits with respect to these reinsurance agreements are sometimes collateralized. We remain liable to our policyholders regardless of whether our reinsurers meet their obligations under the reinsurance contracts, and as such, we regularly evaluate the financial condition of our reinsurers and monitor concentration of our credit risk. The estimation of the allowance for unrecoverable reinsurance from reinsurers who are unwilling and/or unable to pay amounts due us requires judgment for which key inputs typically include historical collection rates when amounts due are in dispute or where the reinsurer has suffered a credit event as well as specific reviews of balances in dispute or subject to credit impairment. Changes in the allowance for credit losses and disputes on reinsurance assets are reflected in Policyholder benefits and losses incurred within the Condensed Consolidated Statements of Income (Loss). PRIOR TO THE ADOPTION OF THE TARGETED IMPROVEMENTS TO THE ACCOUNTING FOR LONG-DURATION CONTRACTS STANDARD Assumptions used in estimating reinsurance recoverables related to coinsurance or modco contracts were consistent with those used in estimating the related liabilities and reflected locked-in assumptions, absent a loss recognition event. Amounts recoverable on YRT treaties were recognized when claims were incurred on the reinsured policies. SUBSEQUENT TO THE ADOPTION OF THE TARGETED IMPROVEMENTS TO THE ACCOUNTING FOR LONG-DURATION CONTRACTS STANDARD Reinsurance recoverables are recognized in a manner consistent with the liabilities relating to the underlying reinsured contracts. The reinsurance recoverables for coinsurance and modco contracts, along with amounts recoverable on YRT treaties are determined based on updated net premium ratios, reflecting updated actuarial assumptions using locked-in upper-medium investment instrument yield discount rates with changes recognized as remeasurement gains and losses reported in income. In addition, reinsurance recoverables are remeasured at the balance sheet date using current upper-medium grade discount rates with changes reported in OCI. For reinsurance agreements that reinsure existing, or non-contemporaneous (in-force) traditional and limited payment long- duration insurance contracts, the reinsurance recoverable is measured using the upper-medium grade fixed-income instrument yield discount rate assumption related to the effective date of the reinsurance contract. Therefore, for non-contemporaneous reinsurance agreements executed after January 1, 2021, the locked-in rate to accrete interest into the income statement related to the reinsurance recoverable would be different from the locked-in rate used for accreting interest on the direct reserve for future policy benefits. Certain reinsured guaranteed benefits previously reported as reinsurance recoverables are classified as Market risk benefit assets in the Condensed Consolidated Balance Sheets and are measured at fair value. The following tables present the transition rollforward for Reinsurance assets: (in millions) Individual Life Institutional Total Reinsurance assets - other, net of allowance for credit losses and disputes (a) Pre-adoption, December 31, 2020 $ 309 $ 2,370 $ 28 $ 2,707 Reclassification of Cost of Reinsurance (b) — 416 — 416 Reclassification to Market risk benefits (35) — — (35) Change in cash flow assumptions and effect of net premiums exceeding gross premiums — 9 — 9 Change due to the current upper-medium grade discount rate — 74 5 79 Post-adoption January 1, 2021 $ 274 $ 2,869 $ 33 $ 3,176 (in millions) Total Reinsurance assets - Fortitude Re, net of allowance for credit losses and disputes (c) Pre-adoption, December 31, 2020 $ 29,135 Change in cash flow assumptions and effect of net premiums exceeding gross premiums 55 Change due to the current upper-medium grade discount rate 7,611 Post-adoption January 1, 2021 $ 36,801 (a) Excludes $36.3 billion of Reinsurance assets - other, net of allowance for credit losses and disputes in General Insurance and Other Operations. (b) Cost of reinsurance is reported in Other liabilities in the Condensed consolidated Balance sheets. (c) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. Excludes $5.4 billion of Reinsurance assets - Fortitude Re, net of allowance for credit losses and disputes in General Insurance and Other Operations. The remeasurement of the reinsurance assets using the current upper-medium grade discount rate is offset in AOCI. FORTITUDE RE Fortitude Re is the reinsurer of the majority of AIG’s run-off operations. The reinsurance transactions are structured as modco and loss portfolio transfer arrangements with funds withheld (funds withheld). In modco and funds withheld arrangements, the investments supporting the reinsurance agreements, and which reflect the majority of the consideration that would be paid to the reinsurer for entering into the transaction, are withheld by, and therefore continue to reside on the balance sheet of, the ceding company (i.e., AIG) thereby creating an obligation for the ceding company to pay the reinsurer (i.e., Fortitude Re) at a later date. Additionally, as AIG maintains ownership of these investments, AIG will maintain its existing accounting for these assets (e.g., the changes in fair value of available for sale securities will be recognized within OCI). AIG has established a funds withheld payable to Fortitude Re while simultaneously establishing a reinsurance asset representing reserves for the insurance coverage that Fortitude Re has assumed. The funds withheld payable contains an embedded derivative and changes in fair value of the embedded derivative related to the funds withheld payable are recognized in earnings through Net realized gains (losses). This embedded derivative is considered a total return swap with contractual returns that are attributable to various assets and liabilities associated with these reinsurance agreements. As of September 30, 2023, approximately $25.9 billion of reserves from our Life and Retirement Run-Off Lines and approximately $3.0 billion of reserves from our General Insurance Run-Off Lines related to business written by multiple wholly-owned AIG subsidiaries, had been ceded to Fortitude Re under these reinsurance transactions. There is a diverse pool of assets supporting the funds withheld arrangements with Fortitude Re. The following summarizes the composition of the pool of assets: September 30, 2023 December 31, 2022 (in millions) Carrying Fair Carrying Fair Corresponding Accounting Policy Fixed maturity securities - available for sale (a) $ 15,955 $ 15,955 $ 18,821 $ 18,821 Fair value through other comprehensive income (loss) Fixed maturity securities - fair value option 4,418 4,418 4,182 4,182 Fair value through net investment income Commercial mortgage loans 4,129 3,822 4,107 3,837 Amortized cost Real estate investments 122 295 133 348 Amortized cost Private equity funds / hedge funds 1,856 1,856 1,893 1,893 Fair value through net investment income Policy loans 335 335 355 355 Amortized cost Short-term investments 152 152 75 75 Fair value through net investment income Funds withheld investment assets 26,967 26,833 29,566 29,511 Derivative assets, net (b) 2 2 90 90 Fair value through net realized gains (losses) Other (c) 856 856 782 782 Amortized cost Total $ 27,825 $ 27,691 $ 30,438 $ 30,383 (a) The change in the net unrealized gains (losses) on available for sale securities related to the Fortitude Re funds withheld assets was $(740) million ($(585) million after-tax) and $(7.7) billion ($(6.1) billion after-tax), respectively for the nine months ended September 30, 2023 and 2022. (b) The derivative assets and liabilities have been presented net of cash collateral. The derivative assets and liabilities supporting the Fortitude Re funds withheld arrangements had a fair market value of $18 million and $27 million, respectively, as of September 30, 2023. The derivative assets and liabilities supporting the Fortitude Re funds withheld arrangements had a fair market value of $192 million and $28 million, respectively, as of December 31, 2022. These derivative assets and liabilities are fully collateralized either by cash or securities. (c) Primarily comprised of Cash and Accrued investment income. The impact of the funds withheld arrangements with Fortitude Re was as follows: Three Months Ended Nine Months Ended (in millions) 2023 2022 2023 2022 Net investment income - Fortitude Re funds withheld assets $ 264 $ 155 $ 1,001 $ 634 Net realized gains (losses) on Fortitude Re funds withheld assets: Net realized losses - Fortitude Re funds withheld assets (227) (86) (396) (312) Net realized gains - Fortitude Re funds withheld embedded derivative 1,137 1,757 152 7,851 Net realized gains (losses) on Fortitude Re funds withheld assets 910 1,671 (244) 7,539 Income from continuing operations before income tax expense 1,174 1,826 757 8,173 Income tax expense (a) 247 383 159 1,716 Net income 927 1,443 598 6,457 Change in unrealized depreciation of all other investments (a) (882) (1,317) (585) (6,111) Comprehensive income $ 45 $ 126 $ 13 $ 346 (a) The income tax expense (benefit) and the tax impact in AOCI was computed using AIG’s U.S. statutory tax rate of 21 percent. Various assets supporting the Fortitude Re funds withheld arrangements are reported at amortized cost, and as such, changes in the fair value of these assets are not reflected in the financial statements. However, changes in the fair value of these assets are included in the embedded derivative in the Fortitude Re funds withheld arrangement and the appreciation (depreciation) of the asset is the primary driver of the comprehensive income (loss) reflected above. REINSURANCE – CREDIT LOSSES The estimation of reinsurance recoverables involves a significant amount of judgment, particularly for latent exposures, such as asbestos, due to their long-tail nature. We assess the collectability of reinsurance recoverable balances in each reporting period, through either historical trends of disputes and credit events or financial analysis of the credit quality of the reinsurer. We record adjustments to reflect the results of these assessments through an allowance for credit losses and disputes on uncollectible reinsurance that reduces the carrying amount of reinsurance and other assets on the consolidated balance sheets (collectively, reinsurance recoverables). This estimate requires significant judgment for which key considerations include: • paid and unpaid amounts recoverable; • whether the balance is in dispute or subject to legal collection; • the relative financial health of the reinsurer as classified by the Obligor Risk Ratings (ORRs) we assign to each reinsurer based upon our financial reviews; reinsurers that are financially troubled (i.e., in run-off, have voluntarily or involuntarily been placed in receivership, are insolvent, are in the process of liquidation or otherwise subject to formal or informal regulatory restriction) are assigned ORRs that will generate a significant allowance; and • whether collateral and collateral arrangements exist. An estimate of the reinsurance recoverable's lifetime expected credit losses is established utilizing a probability of default and loss given default method, which reflects the reinsurer’s ORR. The allowance for credit losses excludes disputed amounts. An allowance for disputes is established for a reinsurance recoverable using the losses incurred model for contingencies. The total reinsurance recoverables as of September 30, 2023 were $69.4 billion. As of that date, utilizing AIG’s ORRs, (i) approximately 89 percent of the reinsurance recoverables were investment grade, of which 49 percent related to General Insurance and 40 percent related to Life and Retirement; (ii) approximately 9 percent of the reinsurance recoverables were non-investment grade, the majority of which related to General Insurance and (iii) approximately 2 percent of the reinsurance recoverables related to entities that were not rated by AIG. The total reinsurance recoverables as of December 31, 2022 were $71.8 billion. As of that date, utilizing AIG’s ORRs, (i) approximately 92 percent of the reinsurance recoverables were investment grade, of which 53 percent related to General Insurance and 39 percent related to Life and Retirement; (ii) approximately 7 percent of the reinsurance recoverables were non-investment grade, the majority of which related to General Insurance; (iii) less than one percent of the non-investment grade reinsurance recoverables related to Life and Retirement and (iv) approximately one percent of the reinsurance recoverables related to entities that were not rated by AIG. As of September 30, 2023 and December 31, 2022, approximately 83 percent and 77 percent, respectively, of our non-investment grade reinsurance exposure related to captive insurers. These arrangements are typically collateralized by letters of credit, funds withheld or trust agreements. Reinsurance Recoverable Allowance The following table presents a rollforward of the reinsurance recoverable allowance: Three Months Ended September 30, 2023 2022 (in millions) General Insurance Life and Retirement Total General Insurance Life and Retirement Total Balance, beginning of period $ 254 $ 66 $ 320 $ 284 $ 107 $ 391 Addition to (release of) allowance for expected credit losses and disputes, net 1 4 5 4 1 5 Write-offs charged against the allowance for credit losses and disputes — — — (1) — (1) Other changes (1) — (1) (1) — (1) Balance, end of period $ 254 $ 70 $ 324 $ 286 $ 108 $ 394 Nine Months Ended September 30, 2023 2022 (in millions) General Insurance Life and Retirement Total General Insurance Life and Retirement Total Balance, beginning of year $ 260 $ 84 $ 344 $ 281 $ 101 $ 382 Addition to (release of) allowance for expected credit losses and disputes, net (3) (14) (17) 5 7 12 Write-offs charged against the allowance for credit losses and disputes (1) — (1) (3) — (3) Recoveries of amounts previously written off — — — 2 — 2 Other changes (2) — (2) 1 — 1 Balance, end of period $ 254 $ 70 $ 324 $ 286 $ 108 $ 394 Past-Due Status We consider a reinsurance asset to be past due when it is 90 days past due. The allowance for credit losses is estimated excluding disputed amounts. An allowance for disputes is established using the losses incurred method for contingencies. Past due balances on claims that are not in dispute were not material for any of the periods presented.

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs	9 Months Ended
	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Policy Acquisition Costs	9. Deferred Policy Acquisition Costs DAC represent those costs that are incremental and directly related to the successful acquisition of new or renewal of existing insurance contracts. We defer incremental costs that result directly from, and are essential to, the acquisition or renewal of an insurance contract. Such DAC generally include agent or broker commissions and bonuses, premium taxes, and medical and inspection fees that would not have been incurred if the insurance contract had not been acquired or renewed. Each cost is analyzed to assess whether it is fully deferrable. We partially defer costs, including certain commissions, when we do not believe that the entire cost is directly related to the acquisition or renewal of insurance contracts. Commissions that are not deferred to DAC are recorded in General operating and other expenses in the Condensed Consolidated Statements of Income (Loss). We also defer a portion of employee total compensation and payroll-related fringe benefits directly related to time spent performing specific acquisition or renewal activities, including costs associated with the time spent on underwriting, policy issuance and processing, and sales force contract selling. The amounts deferred are derived based on successful efforts for each distribution channel and/or cost center from which the cost originates. Short-duration insurance contracts: Policy acquisition costs are deferred and amortized over the period in which the related premiums written are earned, generally 12 months. DAC is grouped consistent with the manner in which the insurance contracts are acquired, serviced and measured for profitability and is reviewed for recoverability based on the profitability of the underlying insurance contracts. Investment income is anticipated in assessing the recoverability of DAC. We assess the recoverability of DAC on an annual basis or more frequently if circumstances indicate an impairment may have occurred. This assessment is performed by comparing recorded net unearned premiums and anticipated investment income on in-force business to the sum of expected losses and loss adjustment expenses incurred, unamortized DAC and maintenance costs. If the sum of these costs exceeds the amount of recorded net unearned premiums and anticipated investment income, the excess is recognized as an offset against the asset established for DAC. This offset is referred to as a premium deficiency charge. Increases in expected losses and loss adjustment expenses incurred can have a significant impact on the likelihood and amount of a premium deficiency charge. PRIOR TO THE ADOPTION OF THE TARGETED IMPROVEMENTS TO THE ACCOUNTING FOR LONG-DURATION CONTRACTS STANDARD Long-duration insurance contracts: Policy acquisition costs for participating life, traditional life and accident and health insurance products were generally deferred and amortized, with interest, over the premium paying period. The assumptions used to calculate the benefit liabilities and DAC for these traditional products were set when a policy was issued and did not change with changes in actual experience, unless a loss recognition event occurred. These “locked-in” assumptions included mortality, morbidity, persistency, maintenance expenses and investment returns, and included margins for adverse deviation to reflect uncertainty given that actual experience might deviate from these assumptions. A loss recognition event occurred when there was a shortfall between the carrying amount of future policy benefit liabilities, net of DAC, and what the future policy benefit liabilities, net of DAC, would be when applying updated current assumptions. When we determined a loss recognition event had occurred, we first reduced any DAC related to that block of business through amortization of acquisition expense, and after DAC was depleted, we recorded additional liabilities through a charge to Policyholder benefits and losses incurred. Groupings for loss recognition testing were consistent with our manner of acquiring, servicing and measuring the profitability of the business and applied by product groupings. We performed separate loss recognition tests for traditional life products, payout annuities and long-term care products. Our policy was to perform loss recognition testing net of reinsurance. Once loss recognition had been recorded for a block of business, the old assumption set was replaced, and the assumption set used for the loss recognition would then be subject to the lock-in principle. Investment-oriented contracts: Certain policy acquisition costs and policy issuance costs related to investment-oriented contracts, for example universal life, variable and fixed annuities, and fixed index annuities, were deferred and amortized, with interest, in relation to the incidence of EGPs to be realized over the estimated lives of the contracts. EGPs were affected by a number of factors, including levels of current and expected interest rates, net investment income and spreads, net realized gains and losses, fees, surrender rates, mortality experience, policyholder behavior experience and equity market returns and volatility. In each reporting period, current period amortization expense was adjusted to reflect actual gross profits. If the assumptions used for estimating gross profit changed significantly, DAC was recalculated using the new assumptions, including actuarial assumptions such as mortality, lapse, benefit utilization, and premium persistency, and any resulting adjustment was included in income. If the new assumptions indicated that future EGPs were higher than previously estimated, DAC was increased resulting in a decrease in amortization expense and increase in income in the current period; if future EGPs were lower than previously estimated, DAC was decreased resulting in an increase in amortization expense and decrease in income in the current period. Updating such assumptions may result in acceleration of amortization in some products and deceleration of amortization in other products. DAC was grouped consistent with the manner in which the insurance contracts were acquired, serviced and measured for profitability and was reviewed for recoverability based on the current and projected future profitability of the underlying insurance contracts. To estimate future EGPs for variable life and annuity products, a long-term annual asset growth assumption was applied to determine the future growth in assets and related asset-based fees. In determining the asset growth rate, the effect of short-term fluctuations in the equity markets was partially mitigated through the use of a “reversion to the mean” methodology for variable annuities, whereby short-term asset growth above or below long-term annual rate assumptions impacted the growth assumption applied to the five-year period subsequent to the current balance sheet date. The reversion to the mean methodology allowed us to maintain our long-term growth assumptions, while also giving consideration to the effect of actual investment performance. When actual performance significantly deviated from the annual long-term growth assumption, as evidenced by growth assumptions in the five-year reversion to the mean period falling below a certain rate (floor) or rising above a certain rate (cap) for a sustained period, judgment was applied to revise or “unlock” the growth rate assumptions to be used for both the five-year reversion to the mean period as well as the long-term annual growth assumption applied to subsequent periods. Unrealized Appreciation (Depreciation) of Investments: DAC related to investment-oriented contracts was also adjusted to reflect the effect of unrealized gains or losses on fixed maturity securities available for sale on EGPs, with related changes recognized through OCI. The adjustment was made at each balance sheet date, as if the securities had been sold at their stated aggregate fair value and the proceeds reinvested at current yields. Similarly, for long-duration traditional insurance contracts, if the assets supporting the liabilities were in a net unrealized gain position at the balance sheet date, loss recognition testing assumptions were updated to exclude such gains from future cash flows by reflecting the impact of reinvestment rates on future yields. If a future loss was anticipated under this basis, any additional shortfall indicated by loss recognition tests was recognized as a reduction in OCI. Similar to other loss recognition on long-duration insurance contracts, such shortfall is first reflected as a reduction in DAC and secondly as an increase in liabilities for Future policy benefits. The change in these adjustments, net of tax, was included with the change in net unrealized appreciation of investments that is credited or charged directly to OCI. SUBSEQUENT TO THE ADOPTION OF THE TARGETED IMPROVEMENTS TO THE ACCOUNTING FOR LONG-DURATION CONTRACTS STANDARD DAC for all long-duration contracts, except for those with limited to no exposure to policyholder behavior risk, (i.e., certain investment contracts), is grouped and amortized on a constant level basis (i.e., approximating straight line amortization with adjustments for expected terminations) over the expected term of the related contracts using assumptions consistent with those used in estimating the related liability for future policy benefits, or any other related balances, for those corresponding contracts, as applicable. Capitalized expenses are only included in DAC amortization as expenses are incurred. For amortization purposes, contracts are grouped into annual cohorts by issue year and product and to segregate reinsured and non-reinsured contracts. For life insurance contracts, amortization is based on insurance in-force, while initial deposits are used for deferred annuity contracts, structured settlements and pension risk transfer products. Changes in future assumptions (e.g., expected duration of contracts or amount of coverage expected to be in force) are applied by adjusting the amortization rate prospectively. The Company has elected to implicitly account for actual experience, whether favorable or unfavorable, in its amortization expense each period. DAC is capped at the amount of expenses capitalized as the DAC balance does not accrue interest. DAC is not subject to recoverability testing. Value of Business Acquired (VOBA) is determined at the time of acquisition and is reported in the Condensed Consolidated Balance Sheets with DAC. This value is based on the present value of future pre-tax profits discounted at yields applicable at the time of purchase. VOBA is amortized, consistent with DAC, i.e., over the life of the business on a constant level basis. Internal Replacements of Long-duration and Investment-oriented Products: the accounting of internal replacements has generally not been impacted by the adoption of LDTI. The following table presents the transition rollforward for DAC*: Individual Group Life Institutional Total (in millions) Pre-adoption December 31, 2020 DAC balance $ 2,359 $ 560 $ 4,371 $ 26 $ 7,316 Adjustments for the removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses) 2,062 534 547 7 3,150 Post-adoption January 1, 2021 DAC balance $ 4,421 $ 1,094 $ 4,918 $ 33 $ 10,466 * Excludes $2.5 billion of DAC in General Insurance. Prior to the adoption of LDTI, DAC for investment-oriented products included the effect of unrealized gains or losses on fixed maturity securities classified as available for sale. At the Transition Date, these adjustments were removed with a corresponding offset in AOCI. As the available for sale portfolio was in an unrealized gain position as of the Transition Date, the adjustment for removal of related balances in AOCI originating from unrealized gains (losses) balances was reducing DAC. The following table presents a rollforward of DAC: Nine Months Ended September 30, 2023 General Individual Group Life Institutional (in millions) Total Balance, beginning of year $ 2,310 $ 4,597 $ 1,060 $ 4,839 $ 51 $ 12,857 Capitalization 3,310 519 55 354 22 4,260 Amortization expense (2,884) (422) (62) (299) (6) (3,673) Other, including foreign exchange (76) — — 9 — (67) Reclassified to held for sale (623) — — (755) — (1,378) Balance, end of period $ 2,037 $ 4,694 $ 1,053 $ 4,148 $ 67 $ 11,999 Nine Months Ended September 30, 2022 Balance, beginning of year $ 2,428 $ 4,553 $ 1,078 $ 4,904 $ 38 $ 13,001 Capitalization 2,960 420 44 319 13 3,756 Amortization expense (2,668) (380) (59) (311) (5) (3,423) Other, including foreign exchange (242) — — (131) — (373) Balance, end of period $ 2,478 $ 4,593 $ 1,063 $ 4,781 $ 46 $ 12,961 DEFERRED SALES INDUCEMENTS We offer deferred sales inducements (DSI) which include enhanced crediting rates or bonus payments to contract holders (bonus interest) on certain annuity and investment contract products. To qualify for such accounting treatment as an asset, the bonus interest must be explicitly identified in the contract at inception. We must also demonstrate that such amounts are incremental to amounts we credit on similar contracts without bonus interest and are higher than the contracts’ expected ongoing crediting rates for periods after the bonus period. DSI is reported in Other assets, while amortization related to DSI is recorded in Interest credited to policyholder account balances. Prior to the adoption of the Targeted Improvements to the Accounting for Long-Duration Contracts Standard DSI amounts were deferred and amortized over the life of the contract in relation to the incidence of EGPs to be realized over the estimated lives of the contracts. DSI was adjusted for the effect on EGPs of unrealized gains and losses on available-for-sale securities, with related changes recognized through OCI. Subsequent to the adoption of the Targeted Improvements to the Accounting for Long-Duration Contracts Standard DSI amounts are deferred and amortized on a constant level basis over the life of the contract consistent with DAC. Changes in future assumptions (e.g., expected duration of contracts) are applied by adjusting the amortization rate prospectively rather than through a retrospective catch up adjustment. The Company has elected to implicitly account for actual experience, whether favorable or unfavorable, in its amortization expense each period, consistent with DAC. The following table presents the transition rollforward for DSI*: (in millions) Individual Group Total Pre-adoption December 31, 2020 DSI balance $ 190 $ 91 $ 281 Adjustments for the removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses) 284 114 398 Post-adoption January 1, 2021 DSI balance $ 474 $ 205 $ 679 * Other assets, excluding DSI, totaled $12.8 billion. Prior to the adoption of LDTI, deferred sales inducements for investment-oriented products included the effect of unrealized gains or losses on fixed maturity securities classified as available-for-sale. At the Transition Date, these adjustments were removed with a corresponding offset in AOCI. As the available for sale portfolio was in an unrealized gain position as of the Transition Date, the adjustment for removal of related balances in AOCI originating from unrealized gains (losses) balances was reducing DSI. The following table presents a rollforward of DSI: Nine Months Ended September 30, 2023 2023 2022 (in millions) Individual Group Total Individual Group Total Balance, beginning of year $ 381 $ 177 $ 558 $ 428 $ 191 $ 619 Capitalization 5 — 5 5 — 5 Amortization expense (41) (10) (51) (41) (10) (51) Balance, end of period* $ 345 $ 167 $ 512 $ 392 $ 181 $ 573 * At September 30, 2023 and 2022, Other assets, excluding DSI, totaled $11.3 billion and $11.9 billion, respectively.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	10. Variable Interest Entities We enter into various arrangements with Variable Interest Entities (VIEs) in the normal course of business and consolidate the VIEs when we determine we are the primary beneficiary. This analysis includes a review of the VIE’s capital structure, related contractual relationships and terms, nature of the VIE’s operations and purpose, nature of the VIE’s interests issued and our involvement with the entity. When assessing the need to consolidate a VIE, we evaluate the design of the VIE as well as the related risks to which the entity was designed to expose the variable interest holders. The primary beneficiary is the entity that has both (i) the power to direct the activities of the VIE that most significantly affect the entity’s economic performance and (ii) the obligation to absorb losses or the right to receive benefits that could be potentially significant to the VIE. While also considering these factors, the consolidation conclusion depends on the breadth of our decision-making ability and our ability to influence activities that significantly affect the economic performance of the VIE. BALANCE SHEET CLASSIFICATION AND EXPOSURE TO LOSS Creditors or beneficial interest holders of VIEs for which AIG is the primary beneficiary generally have recourse only to the assets and cash flows of the VIEs and do not have recourse to AIG, except in limited circumstances when AIG has provided a guarantee to the VIE’s interest holders. The following table presents the total assets and total liabilities associated with our variable interests in consolidated VIEs, as classified in the Condensed Consolidated Balance Sheets: (in millions) Real Estate and Investment Entities (d) Securitization Vehicles (e) Total September 30, 2023 Assets: Bonds available for sale $ — $ 141 $ 141 Other bond securities 2 — 2 Equity securities 7 — 7 Mortgage and other loans receivable — 2,081 2,081 Other invested assets Alternative investments (a) 2,849 — 2,849 Investment real estate 1,414 — 1,414 Short-term investments 134 30 164 Cash 54 — 54 Accrued investment income — 6 6 Other assets 80 4 84 Total (b) $ 4,540 $ 2,262 $ 6,802 Liabilities: Debt of consolidated investment entities $ 1,163 $ 1,120 $ 2,283 Other (c) 70 4 74 Total $ 1,233 $ 1,124 $ 2,357 (in millions) Real Estate and Investment Entities (d) Securitization Vehicles (e) Total December 31, 2022 Assets: Bonds available for sale $ — $ 3,672 $ 3,672 Equity securities 51 — 51 Mortgage and other loans receivable — 2,221 2,221 Other invested assets Alternative investments (a) 2,842 — 2,842 Investment real estate 1,731 — 1,731 Short-term investments 191 281 472 Cash 71 — 71 Accrued investment income — 9 9 Other assets 102 70 172 Total (b) $ 4,988 $ 6,253 $ 11,241 Liabilities: Debt of consolidated investment entities $ 1,358 $ 4,336 $ 5,694 Other (c) 85 47 132 Total $ 1,443 $ 4,383 $ 5,826 (a) Comprised primarily of investments in real estate joint ventures at September 30, 2023 and December 31, 2022. (b) The assets of each VIE can be used only to settle specific obligations of that VIE. (c) Comprised primarily of Other liabilities at September 30, 2023 and December 31, 2022. (d) At September 30, 2023 and December 31, 2022, off-balance sheet exposure primarily consisting of our insurance companies’ commitments to real estate and investment entities were $1.9 billion and $2.1 billion, respectively, of which commitments to external parties were $0.4 billion and $0.6 billion, respectively. (e) During the nine months ended September 30, 2023, as part of the sale of AIG Credit Management, LLC, certain consolidated investment entities were deconsolidated. The impact of the deconsolidation was a decrease of $3.6 billion in assets and $3.1 billion in liabilities, resulting in a pre-tax loss of $14 million. We calculate our maximum exposure to loss to be (i) the amount invested in the debt or equity of the VIE, (ii) the notional amount of VIE assets or liabilities where we have also provided credit protection to the VIE with the VIE as the referenced obligation, and (iii) other commitments and guarantees to the VIE. The following table presents total assets of unconsolidated VIEs in which we hold a variable interest, as well as our maximum exposure to loss associated with these VIEs: Maximum Exposure to Loss (in millions) Total VIE On-Balance (c) Off-Balance Total September 30, 2023 Real estate and investment entities (a) $ 512,969 $ 9,158 $ 3,724 (d) $ 12,882 Other (b) 1,027 58 748 (e) 806 Total $ 513,996 $ 9,216 $ 4,472 $ 13,688 December 31, 2022 Real estate and investment entities (a) $ 504,219 $ 9,145 $ 3,938 (d) $ 13,083 Other (b) 1,302 247 747 (e) 994 Total $ 505,521 $ 9,392 $ 4,685 $ 14,077 (a) Comprised primarily of hedge funds and private equity funds. (b) At September 30, 2023 and December 31, 2022, excludes approximately $1,935 million and $2,057 million, respectively, of VIE assets related to AIGFP and its consolidated subsidiaries, with maximum off-balance sheet exposure to loss of $1,907 million and $2,033 million, respectively. For additional information, see Note 1. (c) At September 30, 2023 and December 31, 2022, $9.1 billion and $9.3 billion, respectively, of our total unconsolidated VIE assets were recorded as Other invested assets. (d) These amounts represent our unfunded commitments to invest in private equity funds and hedge funds. (e) These amounts represent our estimate of the maximum exposure to loss under certain insurance policies issued to VIEs if a hypothetical loss occurred to the extent of the full amount of the insured value. Our insurance policies cover defined risks and our estimate of liability is included in our insurance reserves on the balance sheet. For additional information on VIEs, see Note 9 to the Consolidated Financial Statements in the 2022 Annual Report.

Derivatives and Hedge Accountin

Derivatives and Hedge Accounting	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedge Accounting	11. Derivatives and Hedge Accounting We use derivatives and other financial instruments as part of our financial risk management programs and as part of our investment operations. Interest rate derivatives (such as interest rate swaps) are used to manage interest rate risk associated with embedded derivatives contained in insurance contract liabilities, fixed maturity securities, outstanding medium- and long-term notes as well as other interest rate sensitive assets and liabilities. Foreign exchange derivatives (principally foreign exchange forwards and swaps) are used to economically mitigate risk associated with non-U.S. dollar denominated debt, net capital exposures, foreign currency transactions, and foreign denominated investments. Equity derivatives are used to economically mitigate financial risk associated with embedded derivatives and MRBs in certain insurance liabilities. We use credit derivatives to manage our credit exposures. Commodity derivatives are used to hedge exposures within reinsurance contracts. The derivatives are effective economic hedges of the exposures that they are meant to offset. In addition to hedging activities, we also enter into derivative contracts with respect to investment operations, which may include, among other things, credit default swaps (CDSs), total return swaps and purchases of investments with embedded derivatives, such as equity-linked notes and convertible bonds. The following table presents the notional amounts of our derivatives and the fair value of derivative assets and liabilities in the Condensed Consolidated Balance Sheets: September 30, 2023 December 31, 2022 Gross Derivative Assets Gross Derivative Liabilities Gross Derivative Assets Gross Derivative Liabilities (in millions) Notional Fair Notional Fair Notional Fair Notional Fair Derivatives designated as hedging instruments: (a) Interest rate contracts $ 179 $ 191 $ 3,104 $ 78 $ 251 $ 355 $ 1,688 $ 66 Foreign exchange contracts 6,115 525 1,630 235 4,543 642 4,899 317 Derivatives not designated as hedging instruments: (a) Interest rate contracts 36,494 3,057 35,271 5,096 39,833 3,367 34,128 4,772 Foreign exchange contracts 16,539 1,255 5,139 416 8,626 1,202 10,397 821 Equity contracts 42,372 1,422 23,162 853 31,264 428 4,740 26 Commodity contracts — — — — 212 9 20 — Credit contracts (b) 1,806 33 536 38 1,808 32 933 41 Other contracts (c) 45,311 16 — — 47,184 14 — — Total derivatives, gross $ 148,816 $ 6,499 $ 68,842 $ 6,716 $ 133,721 $ 6,049 $ 56,805 $ 6,043 Counterparty netting (d) (3,985) (3,985) (3,895) (3,895) Cash collateral (e) (2,141) (2,472) (1,640) (1,917) Total derivatives on Condensed Consolidated Balance Sheets (f) $ 373 $ 259 $ 514 $ 231 (a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral. (b) As of September 30, 2023 and December 31, 2022, included CDSs on super senior multi-sector CLO with a net notional amount of $51 million and $79 million (fair value liability of $33 million and $32 million, respectively). The net notional amount represents the maximum exposure to loss on the portfolio. (c) Consists primarily of stable value wraps and contracts with multiple underlying exposures. (d) Represents netting of derivative exposures covered by a qualifying master netting agreement. (e) Represents cash collateral posted and received that is eligible for netting. (f) Freestanding derivatives only, excludes embedded derivatives. Derivative instrument assets and liabilities are recorded in Other assets and Other liabilities, respectively. Fair value of assets related to bifurcated embedded derivatives was $3.4 billion at September 30, 2023 and $2.2 billion at December 31, 2022. Fair value of liabilities related to bifurcated embedded derivatives was $6.4 billion and $5.4 billion, respectively, at September 30, 2023 and December 31, 2022. A bifurcated embedded derivative is generally presented with the host contract in the Condensed Consolidated Balance Sheets. Embedded derivatives are primarily related to guarantee features in fixed index annuities and index universal life products, which include equity and interest rate components, and the funds withheld arrangement with Fortitude Re. For additional information, see Note 8. COLLATERAL We engage in derivative transactions that are not subject to a clearing requirement directly with unaffiliated third parties, in most cases, under International Swaps and Derivatives Association, Inc. (ISDA) Master Agreements. Many of the ISDA Master Agreements also include Credit Support Annex provisions, which provide for collateral postings that may vary at various ratings and threshold levels. We attempt to reduce our risk with certain counterparties by entering into agreements that enable collateral to be obtained from a counterparty on an upfront or contingent basis. We minimize the risk that counterparties might be unable to fulfill their contractual obligations by monitoring counterparty credit exposure and collateral value and generally requiring additional collateral to be posted upon the occurrence of certain events or circumstances. In addition, certain derivative transactions have provisions that require collateral to be posted by us upon a downgrade of our long-term debt ratings or give the counterparty the right to terminate the transaction. In the case of some of the derivative transactions, upon a downgrade of our long-term debt ratings, as an alternative to posting collateral and subject to certain conditions, we may assign the transaction to an obligor with higher debt ratings or arrange for a substitute guarantee of our obligations by an obligor with higher debt ratings or take other similar action. The actual amount of collateral required to be posted to counterparties in the event of such downgrades, or the aggregate amount of payments that we could be required to make, depends on market conditions, the fair value of outstanding affected transactions and other factors prevailing at and after the time of the downgrade. Collateral posted by us to third parties for derivative transactions was $3.4 billion and $2.9 billion at September 30, 2023 and December 31, 2022, respectively. In the case of collateral posted under derivative transactions that are not subject to clearing, this collateral can generally be repledged or resold by the counterparties. Collateral provided to us from third parties for derivative transactions was $2.6 billion and $2.0 billion at September 30, 2023 and December 31, 2022, respectively. In the case of collateral provided to us under derivative transactions that are not subject to clearing, we generally can repledge or resell collateral. OFFSETTING We have elected to present all derivative receivables and derivative payables, and the related cash collateral received and paid, on a net basis on our Condensed Consolidated Balance Sheets when a legally enforceable ISDA Master Agreement exists between us and our derivative counterparty. An ISDA Master Agreement is an agreement governing multiple derivative transactions between two counterparties. The ISDA Master Agreement generally provides for the net settlement of all, or a specified group, of these derivative transactions, as well as transferred collateral, through a single payment, and in a single currency, as applicable. The net settlement provisions apply in the event of a default on, or affecting any, one derivative transaction or a termination event affecting all, or a specified group of, derivative transactions governed by the ISDA Master Agreement. HEDGE ACCOUNTING We designated certain derivatives entered into with third parties as fair value hedges of available for sale investment securities held by our insurance subsidiaries. The fair value hedges include foreign currency forwards and cross currency swaps designated as hedges of the change in fair value of foreign currency denominated available for sale securities attributable to changes in foreign exchange rates. We also designated certain interest rate swaps entered into with third parties as fair value hedges of fixed rate GICs attributable to changes in benchmark interest rates. We use foreign currency denominated debt and cross-currency swaps as hedging instruments in net investment hedge relationships to mitigate the foreign exchange risk associated with our non-U.S. dollar functional currency foreign subsidiaries. For net investment hedge relationships where issued debt is used as a hedging instrument, we assess the hedge effectiveness and measure the amount of ineffectiveness based on changes in spot rates. For net investment hedge relationships that use derivatives as hedging instruments, we assess hedge effectiveness and measure hedge ineffectiveness using changes in forward rates. For the three and nine months ended September 30, 2023, we recognized gains (losses) of $41 million and $8 million, respectively, and for the three and nine months ende d September 30, 2022, we recognized gains (losses) of $137 million and $444 million, respectively, included in Change in foreign currency translation adjustments in OCI related to the net investment hedge relationships. A qualitative methodology is utilized to assess hedge effectiveness for net investment hedges, while regression analysis is employed for all other hedges. The following table presents the gain (loss) recognized in income on our derivative instruments in fair value hedging relationships in the Condensed Consolidated Statements of Income (Loss): Gains/(Losses) Recognized in Income for: (in millions) Hedging Derivatives (a) Excluded Components (b) Hedged Net Impact Three Months Ended September 30, 2023 Interest rate contracts: Interest credited to policyholder account balances $ (48) $ — $ 53 $ 5 Foreign exchange contracts: Net realized gains/(losses) 231 (129) (231) (129) Three Months Ended September 30, 2022 Interest rate contracts: Interest credited to policyholder account balances $ (62) $ — $ 62 $ — Net investment income 25 — (24) 1 Foreign exchange contracts: Net realized gains/(losses) 455 122 (455) 122 Nine Months Ended September 30, 2023 Interest rate contracts: Interest credited to policyholder account balances $ (12) $ 1 $ 3 $ (8) Foreign exchange contracts: Net realized gains/(losses) (213) 68 213 68 Nine Months Ended September 30, 2022 Interest rate contracts: Interest credited to policyholder account balances $ (90) $ — $ 93 $ 3 Net investment income 26 — (25) 1 Foreign exchange contracts: Net realized gains/(losses) 889 262 (889) 262 (a) Gains and losses on derivative instruments designated and qualifying in fair value hedges that are included in the assessment of hedge effectiveness. (b) Gains and losses on derivative instruments designated and qualifying in fair value hedges that are excluded from the assessment of hedge effectiveness and recognized in income on a mark-to-market basis. DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS The following table presents the effect of derivative instruments not designated as hedging instruments in the Condensed Consolidated Statements of Income (Loss): Gains (Losses) Recognized in Income Three Months Ended Nine Months Ended (in millions) 2023 2022 2023 2022 By Derivative Type: Interest rate contracts $ (666) $ (528) $ (750) $ (2,010) Foreign exchange contracts 280 1,010 (41) 1,976 Equity contracts (438) 19 (513) (107) Commodity contracts (1) 4 7 (3) Credit contracts — (3) (1) (4) Other contracts 16 42 49 73 Embedded derivatives 1,855 2,033 51 9,345 Total $ 1,046 $ 2,577 $ (1,198) $ 9,270 By Classification: Policy fees $ 17 $ 17 $ 50 $ 47 Net investment income - excluding Fortitude Re funds withheld assets — 8 — 10 Net investment income - Fortitude Re funds withheld assets 1 — (1) — Net realized gains (losses) - excluding Fortitude Re funds withheld assets 507 1,098 (4) 2,364 Net realized gains (losses) on Fortitude Re funds withheld assets (a) 988 1,744 (46) 7,830 Policyholder benefits and claims incurred (5) (5) (5) (19) Change in the fair value of market risk benefits, net (b) (462) (285) (1,192) (962) Total $ 1,046 $ 2,577 $ (1,198) $ 9,270 (a) Includes over-the-counter derivatives supporting the funds withheld arrangements with Fortitude Re and the embedded derivative contained within the funds withheld payable with Fortitude Re. (b) This represents activity related to derivatives that economically hedged changes in the fair value of certain market risk benefits. CREDIT RISK-RELATED CONTINGENT FEATURES We estimate that at September 30, 2023, based on our outstanding financial derivative transactions, a downgrade of our long-term senior debt ratings to BBB or BBB– by Standard & Poor’s Financial Services LLC, a subsidiary of S&P Global Inc., and/or a downgrade to Baa2 or Baa3 by Moody’s Investors’ Service, Inc. would permit counterparties to make additional collateral calls and permit certain counterparties to elect early termination of contracts, resulting in corresponding collateral postings and termination payments in the total amount of up to approximately $6 million. The aggregate fair value of our derivatives that were in a net liability position and that contain such credit risk-related contingencies which can be triggered below our long-term senior debt ratings of BBB+ or Baa1 was approximately $33 million and $32 million at September 30, 2023 and December 31, 2022, respectively. The aggregate fair value of assets posted as collateral under these contracts at September 30, 2023 and December 31, 2022, was approximately $33 million and $34 million, respectively. HYBRID SECURITIES WITH EMBEDDED CREDIT DERIVATIVES We invest in hybrid securities (such as credit-linked notes) with the intent of generating income and not specifically to acquire exposure to embedded derivative risk. As is the case with our other investments in RMBS, CMBS, CLO and ABS, our investments in these hybrid securities are exposed to losses only up to the amount of our initial investment in the hybrid security. Other than our initial investment in the hybrid securities, we have no further obligation to make payments on the embedded credit derivatives in the related hybrid securities. We elect to account for our investments in these hybrid securities with embedded written credit derivatives at fair value, with changes in fair value recognized in Net investment income. Our investments in these hybrid securities are reported as Other bond securities in the Condensed Consolidated Balance Sheets. The fair value of these hybrid securities was under $1 million at both September 30, 2023 and December 31, 2022, respectively. These securities have par amounts of $42 million and $42 million at September 30, 2023 and December 31, 2022, respectively, and have remaining stated maturity dates that extend to 2052.

Insurance Liabilities

Insurance Liabilities	9 Months Ended
	Sep. 30, 2023
Insurance [Abstract]
Insurance Liabilities	12. Insurance Liabilities LIABILITY FOR UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES (LOSS RESERVES) Loss reserves represent the accumulation of estimates of unpaid claims, including estimates for claims incurred but not reported and loss adjustment expenses, less applicable discount. We regularly review and update the methods used to determine loss reserve estimates. Any adjustments resulting from this review are reflected currently in pre-tax income, except to the extent such adjustment impacts a deferred gain under a retroactive reinsurance agreement, in which case the ceded portion would be amortized into pre-tax income in subsequent periods. Because these estimates are subject to the outcome of future events, changes in estimates are common given that loss trends vary and time is often required for changes in trends to be recognized and confirmed. Reserve changes that increase previous estimates of ultimate cost are referred to as unfavorable or adverse development or reserve strengthening. Reserve changes that decrease previous estimates of ultimate cost are referred to as favorable development or reserve releases. Our gross loss reserves before reinsurance and discount are net of contractual deductible recoverable amounts due from policyholders of approximately $12.8 billion and $12.1 billion at September 30, 2023 and December 31, 2022, respectively. These recoverable amounts are related to certain policies with high deductibles (in excess of high dollar amounts retained by the insured through self-insured retentions, deductibles, retrospective programs, or captive arrangements, each referred to generically as “deductibles”), primarily for U.S. Commercial casualty business. With respect to the deductible portion of the claim, we manage and pay the entire claim on behalf of the insured and are reimbursed by the insured for the deductible portion of the claim. Thus, these recoverable amounts represent a credit exposure to us. At September 30, 2023 and December 31, 2022 we held collateral of approximately $8.8 billion and $8.6 billion, respectively, for these deductible recoverable amounts, consisting primarily of letters of credit and funded trust agreements. Allowance for credit losses for the unsecured portion of these recoverable amounts was $14 million at both September 30, 2023 and December 31, 2022. The following table presents the rollforward of activity in loss reserves: Three Months Ended Nine Months Ended (in millions) 2023 2022 2023 2022 Liability for unpaid loss and loss adjustment expenses, beginning of period $ 70,284 $ 76,739 $ 75,167 $ 79,026 Reinsurance recoverable (30,226) (33,583) (32,102) (35,213) Net Liability for unpaid loss and loss adjustment expenses, beginning of period 40,058 43,156 43,065 43,813 Losses and loss adjustment expenses incurred: Current year 3,922 4,373 11,651 12,020 Prior years, excluding discount and amortization of deferred gain (246) (112) (380) (537) Prior years, discount charge (benefit) 52 36 200 78 Prior years, amortization of deferred gain on retroactive reinsurance (a) 27 (23) (58) (37) Total losses and loss adjustment expenses incurred 3,755 4,274 11,413 11,524 Losses and loss adjustment expenses paid: Current year (1,190) (1,132) (2,360) (2,289) Prior years (2,561) (2,673) (9,104) (8,844) Total losses and loss adjustment expenses paid (3,751) (3,805) (11,464) (11,133) Other changes: Foreign exchange effect (583) (1,031) (211) (1,827) Losses and loss adjustment expenses recognized within gain on divestitures 316 — 316 — Retroactive reinsurance adjustment (net of discount) (b) 121 101 180 318 Reclassified to held for sale, net of reinsurance recoverables (159) — (3,542) — Total other changes (305) (930) (3,257) (1,509) Liability for unpaid loss and loss adjustment expenses, end of period: Net liability for unpaid losses and loss adjustment expenses 39,757 42,695 39,757 42,695 Reinsurance recoverable (c) 30,066 32,824 30,066 32,824 Total $ 69,823 $ 75,519 $ 69,823 $ 75,519 (a) Includes $9 million and $5 million for the retroactive reinsurance agreement with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway Inc. (Berkshire), covering U.S. asbestos exposures for the three months ended September 30, 2023 and 2022, respectively, and $22 million and $15 million for the nine months ended September 30, 2023 and 2022, respectively. (b) Includes benefit (charge) from change in discount on retroactive reinsurance in the amount of $24 million and $17 million for the three months ended September 30, 2023 and 2022 respectively, and $120 million and $74 million for the nine months ended September 30, 2023 and 2022, respectively. (c) Excludes $1.5 billion of Reinsurance recoverable reclassified to Assets held for sale on the Condensed Consolidated Balance Sheets at September 30, 2023. On January 20, 2017, we entered into an adverse development reinsurance agreement with NICO, under which we transferred to NICO 80 percent of the reserve risk on substantially all of our U.S. commercial long-tail exposures for accident years 2015 and prior. Under this agreement, we ceded to NICO 80 percent of the paid losses on subject business paid on or after January 1, 2016 in excess of $25 billion of net paid losses, up to an aggregate limit of $25 billion. At NICO’s 80 percent share, NICO’s limit of liability under the contract is $20 billion. We account for this transaction as retroactive reinsurance. We paid total consideration, including interest, of $10.2 billion. The consideration was placed into a collateral trust account as security for NICO’s claim payment obligations, and Berkshire has provided a parental guarantee to secure the obligations of NICO under the agreement. Prior Year Development During the three months ended September 30, 2023, we recognized favorable prior year loss reserve development of $246 million excluding discount and amortization of deferred gain. The development in this period was largely driven by favorable development on our U.S. Workers' Compensation business, International Financial Lines in all regions except UK, which was adverse, and Japan Personal Insurance partially offset by unfavorable development on UK/Europe Casualty. During the nine months ended September 30, 2023, we recognized favorable prior year loss reserve development of $380 million excluding discount and amortization of deferred gain. The development in this period was largely driven by favorable development on our U.S. Workers' Compensation business, U.S. Other Casualty and Other Product Lines, partially offset by unfavorable development on UK/Europe Casualty and UK Financial Lines. During the three months ended September 30, 2022, we recognized favorable prior year loss reserve development of $112 million excluding discount and amortization of deferred gain. During the nine months ended September 30, 2022, we recognized favorable prior year loss reserve development of $537 million excluding discount and amortization of deferred gain. The development in these periods was primarily driven by favorable development on U.S. Workers' Compensation, U.S. Other Casualty, Global Specialty and International Personal Lines led by Japan, with unfavorable development in Financial Lines (U.S. and International) and International Casualty Lines. Discounting of Loss Reserves At September 30, 2023 and December 31, 2022, the loss reserves reflect a net loss reserve discount of $1.3 billion and $1.3 billion, respectively, including tabular and non-tabular calculations based upon the following assumptions: • The non-tabular workers’ compensation discount is calculated separately for companies domiciled in New York, Pennsylvania and Delaware, and follows the statutory regulations (prescribed or permitted) for each state. – For New York companies, the discount is based on a 5 percent interest rate and the companies’ own payout patterns. – The Pennsylvania and Delaware regulators approved use of a consistent benchmark discount rate and spread (U.S. Treasury rate plus a liquidity premium) to all of our workers’ compensation reserves in our Pennsylvania domiciled and Delaware domiciled companies, as well as our use of updated payout patterns specific to our primary and excess workers compensation portfolios. In 2020, the regulators also approved that the discount rate will be updated on an annual basis. • The tabular workers’ compensation discount is calculated based on the mortality rate used in the 2007 U.S. Life table and interest rates prescribed or permitted by each state (i.e. New York is based on 5 percent interest rate and Pennsylvania and Delaware are based on U.S. Treasury rate plus a liquidity premium). In the case that applying this tabular discount factor to our nominal reserves produces a tabular discount that is greater than the indemnity portion of our case reserves, the tabular discount is capped at our estimate of the indemnity portion of our cases reserves (45 percent). The discount for asbestos reserves has been fully accreted. At September 30, 2023 and December 31, 2022, the discount consists of $316 million and $314 million of tabular discount, respectively, and $997 million and $964 million of non-tabular discount for workers’ compensation, respectively. During the nine months ended September 30, 2023 and 2022, the benefit / (charge) from changes in discount of $(85) million and $(4) million, respectively, were recorded as part of Policyholder benefits and losses incurred in the Condensed Consolidated Statements of Income (Loss). The following table presents the components of the loss reserve discount discussed above: (in millions) September 30, 2023 December 31, 2022 U.S. workers' compensation $ 2,447 $ 2,532 Retroactive reinsurance (1,134) (1,254) Total reserve discount (a)(b) $ 1,313 $ 1,278 (a) Excludes $150 million and $135 million of discount related to certain long-tail liabilities in the UK at September 30, 2023 and December 31, 2022, respectively. (b) Includes gross discount of $740 million and $763 million, which was 100 percent ceded to Fortitude Re at September 30, 2023 and December 31, 2022, respectively. The following table presents the net loss reserve discount benefit (charge): Three Months Ended Nine Months Ended (in millions) 2023 2022 2023 2022 Current accident year $ 47 $ 26 $ 115 $ 74 Accretion and other adjustments to prior year discount (52) (36) (200) (78) Net reserve discount benefit (charge) (5) (10) (85) (4) Change in discount on loss reserves ceded under retroactive reinsurance 24 17 120 74 Net change in total reserve discount* $ 19 $ 7 $ 35 $ 70 * Excludes $7 million and $20 million discount related to certain long-tail liabilities in the UK for the three months ended September 30, 2023 and 2022, respectively, and excludes $15 million and $15 million discount related to certain long-tail liabilities in the UK for the nine months ended September 30, 2023 and 2022, respectively. Amortization of Deferred Gain on Retroactive Reinsurance Amortization of the deferred gain on retroactive reinsurance includes $(36) million and $18 million related to the adverse development reinsurance cover with NICO for the three months ended September 30, 2023 and 2022, respectively, and $36 million and $22 million related to the adverse development reinsurance cover with NICO for the nine months ended September 30, 2023 and 2022, respectively. Amounts recognized reflect the amortization of the initial deferred gain at inception, as amended for subsequent changes in the deferred gain due to changes in subject reserves. FUTURE POLICY BENEFITS Future policy benefits primarily include reserves for traditional life and annuity payout contracts, which represent an estimate of the present value of future benefits less the present value of future net premiums. Included in Future policy benefits are liabilities for annuities issued in structured settlement arrangements whereby a claimant receives life contingent payments over their lifetime. Also included are pension risk transfer arrangements whereby an upfront premium is received in exchange for guaranteed retirement benefits. All payments under these arrangements are fixed and determinable with respect to their amounts and dates. Prior to the adoption of the Targeted Improvements to the Accounting for Long-Duration Contracts Standard Future policy benefits for traditional and limited pay contracts were reserved using actuarial assumptions locked-in at contract issuance. These assumptions were only updated when a loss recognition event occurred. Also included in Future policy benefits were reserves for contracts in loss recognition, including the adjustment to reflect the effect of unrealized gains on fixed maturity securities available for sale with related changes recognized through OCI. Future policy benefits also included certain guaranteed benefits of annuity products that were not considered embedded derivatives. Subsequent to the adoption of the Targeted Improvements to the Accounting for Long-Duration Contracts Standard For traditional and limited pay long-duration products, benefit reserves are accrued and benefit expense is recognized using a NPR methodology for each annual cohort of business. This NPR method incorporates periodic retrospective revisions to the NPR to reflect updated actuarial assumptions and variances in actual versus expected experience. The Future policy benefit liability is accrued by multiplying the gross premium recognized in each period by the net premium ratio. The net premium is equal to the portion of the gross premium required to provide for all benefits and certain expenses and may not exceed 100 percent. Benefits in excess of premiums are expensed immediately through Policyholder benefits. In addition, periodic revisions to the NPR below 100 percent may result in reclassification between the benefit reserves and deferred profit liability for limited pay contracts. Insurance contracts are aggregated into annual cohorts for the purposes of determining the liability for future policy benefits (LFPB), but are not aggregated across segments. These annual cohorts may be further segregated based on product characteristics, or to distinguish business reinsured from non-reinsured business or products issued in different functional currencies. The assumptions used to calculate the future policy benefits include discount rates, persistency and recognized morbidity and mortality tables modified to reflect the Company's experience. The current discount rate assumption for the liability for future policy benefits is derived from market observable yields on upper-medium-grade fixed income instruments. The Company uses an external index as the source of the yields on these instruments for the first 30 years. For years 30 to 50, the yield is derived using market observable yields. Yields for years 50 to 100 are extrapolated using a flat forward approach, maintaining a constant forward spread through the period. The current discount rate assumption is updated quarterly and used to remeasure the liability at the reporting date, with the resulting change in the discount rate reflected in OCI. The method for constructing and applying the locked-in discount rate assumptions on newly issued business is determined based on factors such as product characteristics and the expected timing of cash flows. This discount rate assumption is derived from market observable yields on upper-medium-grade fixed income instruments. Similar to the current discount rate assumption, the Company may employ conversion and interpolation methodologies when necessary. The applicable interest accretion is reflected in Policyholder benefits and losses incurred in the Condensed Consolidated Statements of Income (Loss). The following table presents the transition rollforward of the liability for future policy benefits for nonparticipating contracts (a) : Individual Group Life Institutional Other (b) Total (in millions) Pre-adoption December 31, 2020 liability for future policy benefits balance $ 1,309 $ 282 $ 11,129 $ 11,029 $ 22,206 $ 45,955 Adjustments for the reclassification to the deferred profit liability (65) (8) — (766) (859) (1,698) Change in cash flow assumptions and effect of net premiums exceeding gross premiums (14) 2 15 4 55 62 Effect of the remeasurement of the liability at a current single A rate 156 63 2,977 1,655 7,611 12,462 Adjustment for the removal of loss recognition balances related to unrealized gain or loss on securities (64) (60) 4 (292) — (412) Post-adoption January 1, 2021 liability for future policy benefits balance $ 1,322 $ 279 $ 14,125 $ 11,630 $ 29,013 $ 56,369 (a) Excludes future policy benefits for participating contracts, DPL, additional liabilities, Accident and Health, Group Benefits and Other Operations representing $11.0 billion of liability for future policy benefits. See transition tables below for DPL and additional liabilities. (b) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. Adjustments for the reclassification between the liability for future policy benefits and deferred profit liability represent changes in the net premium ratios that are less than 100 percent at transition for certain limited pay cohorts, resulting in a reclassification between the two liabilities, with no impact on Retained earnings. Adjustments for Changes in cash flow assumptions represents revised net premium ratios in excess of 100 percent for certain cohorts at transition, with an offset to Retained earnings. The effect of the remeasurement at the current single A rate is reported at the Transition Date and each subsequent balance sheet date, with an offset in AOCI. Prior to adoption, loss recognition for traditional products was adjusted for the effect of unrealized gains on fixed maturity securities available for sale. At the Transition Date, these adjustments were removed with a corresponding offset in AOCI. The following tables present the balances and changes in the liability for future policy benefits and a reconciliation of the net liability for future policy benefits to the liability for future policy benefits in the Condensed Consolidated Balance Sheets: Nine Months Ended September 30, 2023 General Individual Group Life Institutional Other (f) Total (in millions, except for liability durations) Present value of expected net premiums Balance, beginning of year $ 1,929 $ — $ — $ 11,654 $ — $ 991 $ 14,574 Effect of changes in discount rate assumptions (AOCI) 262 — — 1,872 — 66 2,200 Beginning balance at original discount rate 2,191 — — 13,526 — 1,057 16,774 Effect of changes in cash flow assumptions — — — 34 — 21 55 Effect of actual variances from expected experience (44) — — 36 — 16 8 Adjusted beginning of year balance 2,147 — — 13,596 — 1,094 16,837 Issuances 100 — — 986 — — 1,086 Interest accrual 22 — — 325 — 34 381 Net premium collected (160) — — (1,093) — (90) (1,343) Foreign exchange impact (62) — — 44 — — (18) Other (63) — — 11 — (3) (55) Ending balance at original discount rate 1,984 — — 13,869 — 1,035 16,888 Effect of changes in discount rate assumptions (AOCI) (354) — — (2,199) — (95) (2,648) Reclassified to Liabilities held for sale — — — (3,784) — — (3,784) Balance, end of period $ 1,630 $ — $ — $ 7,886 $ — $ 940 $ 10,456 Present value of expected future policy benefits Balance, beginning of year $ 2,380 $ 1,223 $ 211 $ 21,179 $ 12,464 $ 20,429 $ 57,886 Effect of changes in discount rate assumptions (AOCI) 362 167 2 3,424 2,634 1,083 7,672 Beginning balance at original discount rate 2,742 1,390 213 24,603 15,098 21,512 65,558 Effect of changes in cash flow assumptions (a) — — — 62 — 76 138 Effect of actual variances from expected experience (a) (43) (1) (1) 85 21 (10) 51 Adjusted beginning of year balance 2,699 1,389 212 24,750 15,119 21,578 65,747 Issuances 104 141 16 978 3,503 4 4,746 Interest accrual 27 38 8 679 478 770 2,000 Benefit payments (153) (95) (20) (1,461) (810) (1,121) (3,660) Foreign exchange impact (93) — — 54 48 — 9 Other (74) — — 8 — (18) (84) Ending balance at original discount rate 2,510 1,473 216 25,008 18,338 21,213 68,758 Effect of changes in discount rate assumptions (AOCI) (461) (217) (9) (4,397) (3,512) (2,214) (10,810) Reclassified to Liabilities held for sale — — — (4,352) — — (4,352) Balance, end of period $ 2,049 $ 1,256 $ 207 $ 16,259 $ 14,826 $ 18,999 $ 53,596 Net liability for future policy benefits, end of period $ 419 $ 1,256 $ 207 $ 8,373 $ 14,826 $ 18,059 $ 43,140 Liability for future policy benefits for certain participating contracts 1,321 Liability for universal life policies with secondary guarantees and similar features (b) 3,278 Deferred profit liability 2,401 Other reconciling items (c) 1,526 Future policy benefits for life and accident and health insurance contracts 51,666 Less: Reinsurance recoverable (21,833) Net liability for future policy benefits after reinsurance recoverable $ 29,833 Weighted average liability duration of the liability for future policy benefits (d)(e) 9.5 7.4 6.6 11.9 10.9 10.8 Nine Months Ended September 30, 2022 Individual Group Life Institutional Other (f) Total (in millions, except for liability durations) Present value of expected net premiums Balance, beginning of year $ — $ — $ 14,369 $ — $ 1,274 $ 15,643 Effect of changes in discount rate assumptions (AOCI) — — (706) — (150) (856) Beginning balance at original discount rate — — 13,663 — 1,124 14,787 Effect of changes in cash flow assumptions — — 123 — — 123 Effect of actual variances from expected experience — — (19) — 5 (14) Adjusted beginning of year balance — — 13,767 — 1,129 14,896 Issuances — — 1,050 — — 1,050 Interest accrual — — 297 — 37 334 Net premium collected — — (1,060) — (93) (1,153) Foreign exchange impact — — (854) — — (854) Other — — (1) — — (1) Ending balance at original discount rate — — 13,199 — 1,073 14,272 Effect of changes in discount rate assumptions (AOCI) — — (2,111) — (80) (2,191) Balance, end of period $ — $ — $ 11,088 $ — $ 993 $ 12,081 Present value of expected future policy benefits Balance, beginning of year $ 1,373 $ 264 $ 27,442 $ 13,890 $ 27,674 $ 70,643 Effect of changes in discount rate assumptions (AOCI) (95) (46) (2,717) (870) (5,673) (9,401) Beginning balance at original discount rate 1,278 218 24,725 13,020 22,001 61,242 Effect of changes in cash flow assumptions (a) — — 140 (6) — 134 Effect of actual variances from expected experience (a) (16) (2) (24) (11) (24) (77) Adjusted beginning of year balance 1,262 216 24,841 13,003 21,977 61,299 Issuances 156 9 1,055 1,507 8 2,735 Interest accrual 31 7 657 333 787 1,815 Benefit payments (86) (18) (1,317) (602) (1,118) (3,141) Foreign exchange impact — — (1,093) (555) — (1,648) Other — — (2) — (11) (13) Ending balance at original discount rate 1,363 214 24,141 13,686 21,643 61,047 Effect of changes in discount rate assumptions (AOCI) (188) (4) (3,844) (2,786) (1,546) (8,368) Balance, end of period $ 1,175 $ 210 $ 20,297 $ 10,900 $ 20,097 $ 52,679 Net liability for future policy benefits, end of period $ 1,175 $ 210 $ 9,209 $ 10,900 $ 19,104 $ 40,598 Liability for future policy benefits for certain participating contracts 1,363 Liability for universal life policies with secondary guarantees and similar features (b) 3,232 Deferred profit liability 2,164 Other reconciling items (c) 1,980 Future policy benefits for life and accident and health insurance contracts 49,337 Less: Reinsurance recoverable (24,307) Net liability for future policy benefits after reinsurance recoverable $ 25,030 Weighted average liability duration of the liability for future policy benefits (d) 7.4 6.8 11.9 10.1 11.2 (a) Effect of changes in cash flow assumptions and variances from actual experience are partially offset by changes in the deferred profit liability. (b) Additional details can be found in the table that presents the balances and changes in the liability for universal life policies with secondary guarantees and similar features. (c) Other reconciling items primarily include the Accident and Health as well as Group Benefits (short-duration) contracts. (d) The weighted average liability durations are calculated as the modified duration using projected future net liability cashflows that are aggregated at the segment level, utilizing the segment level weighted average interest rates and current discount rate, which can be found in the table below. (e) Includes balances that were reclassified to Liabilities held for sale in the Condensed Consolidated Balance sheets. For additional information, see Note 4. (f) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. For the nine months ended September 30, 2023 and 2022 in the traditional and term life insurance block, capping of net premium ratios at 100 percent caused a (credit)/charge to net income of $(1) million and $11 million, respectively. The discount rate was updated based on market observable information. Relative to the prior period, the increase in upper-medium-grade fixed income yields resulted in a decrease in the liability for future policy benefits. The following table presents the amount of undiscounted expected future benefit payments and undiscounted and discounted expected gross premiums for future policy benefits for nonparticipating contracts: Nine Months Ended September 30, (in millions) 2023 2022 General Insurance Undiscounted expected future benefits and expense $ 3,099 $ 3,141 Undiscounted expected future gross premiums 4,275 4,112 Discounted expected future gross premiums (at current discount rate) 2,963 3,188 Individual Retirement Undiscounted expected future benefits and expense $ 2,119 $ 1,889 Undiscounted expected future gross premiums — — Discounted expected future gross premiums (at current discount rate) — — Group Retirement Undiscounted expected future benefits and expense $ 315 $ 324 Undiscounted expected future gross premiums — — Discounted expected future gross premiums (at current discount rate) — — Life Insurance (a) Undiscounted expected future benefits and expense $ 39,763 $ 38,238 Undiscounted expected future gross premiums 29,789 28,584 Discounted expected future gross premiums (at current discount rate) 18,596 17,965 Institutional Markets Undiscounted expected future benefits and expense $ 33,025 $ 21,866 Undiscounted expected future gross premiums — — Discounted expected future gross premiums (at current discount rate) — — Other (b) Undiscounted expected future benefits and expense $ 43,250 $ 44,919 Undiscounted expected future gross premiums 2,141 2,305 Discounted expected future gross premiums (at current discount rate) 1,372 1,481 (a) Includes balances reclassified to Liabilities held for sale at September 30, 2023. (b) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. The following table presents the amount of revenue and interest recognized in the Condensed Consolidated Statements of Income (Loss) for future policy benefits for nonparticipating contracts: Nine Months Ended September 30, Gross Premiums Interest Accretion (in millions) 2023 2022 2023 2022 General Insurance $ 338 $ 345 $ 5 $ 4 Individual Retirement 164 160 38 31 Group Retirement 16 16 8 7 Life Insurance 1,781 1,751 354 360 Institutional Markets 3,709 1,558 478 333 Other* 161 168 736 750 Total $ 6,169 $ 3,998 $ 1,619 $ 1,485 * Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. The following table presents the weighted-average interest rate for future policy benefits for nonparticipating contracts: Nine Months Ended September 30, 2023 General Individual Group Life Institutional Other (b) Weighted-average interest rate, original discount rate (a) 1.84 % 3.75 % 5.15 % 4.14 % 3.97 % 4.87 % Weighted-average interest rate, current discount rate (a) 3.92 % 5.92 % 5.90 % 5.92 % 5.87 % 5.94 % Nine Months Ended September 30, 2022 Weighted-average interest rate, original discount rate 1.70 % 3.42 % 5.20 % 4.13 % 3.41 % 4.89 % Weighted-average interest rate, current discount rate 2.85 % 5.52 % 5.50 % 5.56 % 5.56 % 5.57 % (a) Weighted-average interest rates for Life Insurance include balances that have been reclassified to Liabilities held-for-sale at September 30, 2023. (b) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. The weighted average interest rates are calculated using projected future net liability cash flows that are aggregated to the segment level, and are represented as an annual rate. Actuarial Assumption Updates for Liability for Future Policy Benefits In 2023, the life insurance companies recognized an unfavorable impact to net income due to other refinements on Life products offset in part by mortality assumption updates. In 2022, the life insurance companies recognized a favorable impact to net income (mostly offset by corresponding DPL adjustment) due to updates to mortality and retirement assumptions on certain pension risk transfer products. Deferred Profit Liability: The Company issues certain annuity and life insurance contracts where premiums are paid up-front or for a shorter period than benefits will be paid (i.e., limited pay contracts). A DPL is required to be established to avoid recognition of gains when these contracts are issued. DPLs are amortized over the life of the contracts to align the revenue recognized with the related benefit expenses. The DPL is amortized in a constant relationship to the amount of discounted insurance in force for life insurance or expected future benefit payments for annuity contracts over the term of the contract. Prior to the adoption of the Targeted Improvements to the Accounting for Long-Duration Contracts Standard Limited pay contracts were subject to a lock-in concept and assumptions derived at policy issue were not subsequently updated unless a loss recognition event occurred. The net premiums were recorded as revenue. The difference between the gross premium received and the net premium was deferred and recognized in premiums in a constant relationship to insurance in-force, or for annuities, the amount of expected future policy benefits. This unearned revenue (deferred profit) was recorded in the Condensed Consolidated Balance Sheets in Other policyholder funds. Subsequent to the adoption of the Targeted Improvements to the Accounting for Long-Duration Contracts Standard The difference between the gross premium received and recorded as revenue and the net premium is deferred and recognized in policyholder benefits in a constant relationship to insurance in-force, or for annuities, the amount of expected future policy benefits. This deferred profit liability accretes interest and is recorded in the Condensed Consolidated Balance Sheets in Future policy benefits. Cash flow assumptions included in the measurement of the DPL are the same as those utilized in the respective LFPBs and are reviewed at least annually. The cash flow estimates for DPLs are updated on a retrospective catch-up basis at the same time as the cash flow estimates for the related LFPBs. The updated LFPB cash flows are used to recalculate the DPL at the inception of the applicable related LFPB cohort. The difference between the recalculated DPL at the beginning of the current reporting period and the carrying amount of the DPL at the current reporting period is recognized as a gain or loss in Policyholder benefits and losses incurred in the Condensed Consolidated Statements of Income (Loss). The following table presents the transition rollforward for deferred profit liability for long-duration contracts*: Individual Group Life Institutional Other* Total (in millions) Pre-adoption December 31, 2020 deferred profit liability balance $ 2 $ — $ 5 $ 64 $ — $ 71 Adjustments for the reclassification from/(to) the liability for the future policy benefits 65 8 — 766 859 1,698 Post-adoption January 1, 2021 deferred profit liability balance $ 67 $ 8 $ 5 $ 830 $ 859 $ 1,769 * Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. Adjustments for the reclassification between the liability for future policy benefits and deferred profit liability represent changes in the net premium ratios that are less than 100 percent at transition for certain limited pay cohorts, resulting in a reclassification between the two liabilities, with no impact on Retained earnings. Additional Liabilities: For universal-life type products, insurance benefits in excess of the account balance are generally recognized as expenses in the period incurred unless the design of the product is such that future charges are insufficient to cover the benefits, in which case an “additional liability” is accrued over the life of the co

Market Risk Benefits

Market Risk Benefits	9 Months Ended
	Sep. 30, 2023
Insurance [Abstract]
Market Risk Benefits	13. Market Risk Benefits MRBs are defined as contracts or contract features that both provide protection to the contract holder from other-than-nominal capital market risk and expose AIG to other-than nominal capital market risk. The MRB represents an amount that a policyholder receives in addition to the account balance upon the occurrence of a specific event or circumstance, such as death, annuitization, or periodic withdrawal that involves protection from other-than-nominal capital market risk. Certain contract features, such as GMWBs, GMDBs and guaranteed minimum income benefits (GMIBs) commonly found in variable, fixed index and fixed annuities, are MRBs. MRBs are assessed at contract inception using a non-option method involving attributed fees that results in an initial fair value of zero or an option method that results in a fair value greater than zero. MRBs are recorded at fair value, and AIG applies a non-option attributed fee valuation method for variable annuity products, and an option-based valuation method (host offset) for both fixed index and fixed products. Under the non-option valuation method, the attributed fee is determined at contract inception; it cannot exceed the total contract fees and assessments collectible from the contract holder and cannot be less than zero. Investment margin is excluded from the attributed fee determination. Under the option-based valuation method, an offset to the host amount related to the MRB amount is established at inception. Changes in the fair value of MRBs are recorded in net income in Changes in the fair value of market risk benefits, net except for the portion of the fair value change attributable to our own credit risk, which is recognized in OCI. MRBs are derecognized when the underlying contract is surrendered, a GMDB is incurred, a GMIB is annuitized, or when the account value is exhausted on a policy with a GMWB. Generally when a policyholder elects to annuitize a GMIB rider or the account value on a policy with a GMWB rider is reduced to zero, the policy is converted to a payout annuity automatically. When a conversion occurs, the policyholder is issued a new payout annuity contract. At this point, the MRB is derecognized and a LFPB is established for the payout annuity. Assumptions used to determine the MRB asset (including ceded MRBs) or liability generally include mortality rates that are based upon actual experience modified to allow for variations in policy form; lapse rates that are based upon actual experience modified to allow for variations in policy features; and investment returns, based on stochastically generated scenarios. We evaluate at least annually estimates used to determine the MRB asset or liability and adjust the balance, with a related charge or credit to Change in fair value of MRBs, net, if actual experience or other evidence suggests that earlier assumptions should be revised. In addition, MRBs are valued such that the current provision for nonperformance risk is reflected in the claims cash flows of the asset or liability valuation for direct MRBs. The nonperformance risk spread at contract issue is locked-in. The difference between the MRB valued using the at issue nonperformance risk spread and the current nonperformance risk spread is reported through OCI, while changes in the counterparty credit risk related to ceded MRBs are reported in income. Changes in the fair value of MRBs, net represents changes in the fair value of market risk benefit liabilities and assets (with the exception of our own credit risk changes), and includes attributed rider fees and benefits, net of changes in the fair value of derivative instruments and fixed maturity securities that are used to economically hedge market risk from the variable annuity GMWB riders. The following table presents the transition rollforward of MRBs: Individual Group Total (in millions) Pre-adoption December 31, 2020 carrying amount for features now classified as MRBs $ — $ — $ — Adjustment for the reclassification of the embedded derivative liability from policyholder contract deposits, net of the host adjustment(s) (a) 5,671 576 6,247 Adjustment for the reclassification of additional liabilities from Future policy benefits (b) 1,388 221 1,609 Adjustments for the cumulative effect of the changes to our own credit risk between the original contract issuance date and the Transition Date (c) 2,140 187 2,327 Adjustment for the removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses) (d) (516) (89) (605) Adjustment for the remaining difference (exclusive of our own credit risk change and host contract adjustments) between previous carrying amount and fair value measurement for the MRB (e) (1,084) (93) (1,177) Post-adoption January 1, 2021 carrying amount for features now classified as MRBs $ 7,599 $ 802 $ 8,401 (a) Adjustments for the reclassification from Policyholder contract deposits represents certain contract guarantees (e.g., GMWBs) that were previously classified as embedded derivatives, but have been reclassified as MRBs as of January 1, 2021, and the related host impact. The impact on Retained earnings or AOCI resulting from the simultaneous remeasurement of the guarantee as a market risk benefit is reflected in the lines below. (b) Adjustments for the reclassification from Future policy benefits represents contract guarantees (e.g., GMDBs) that were previously classified as insurance liabilities within Future policy benefits, but have been reclassified as MRBs as of January 1, 2021. The impact on Retained earnings or AOCI resulting from the simultaneous remeasurement of the guarantee as a market risk benefit is reflected in the lines below. (c) Adjustments for the cumulative effect of the changes to our own credit risk between the original contract issuance date and the Transition Date are recognized in AOCI. (d) Adjustment for the removal of related balances in AOCI originating from unrealized gains (losses) with an offset to AOCI relate to the additional liabilities reclassified from Future policy benefits in the line above. (e) Adjustment for the remaining difference represents the measurement of MRBs at fair value, excluding the impact of our own credit risk with an offset to Retained earnings. The following is a reconciliation of MRBs by amounts in an asset position and in liability position to the MRB amounts in the Condensed Consolidated Balance Sheets at transition: Individual Group Total (in millions) Market risk benefit in an asset position $ 176 $ — $ 176 Reinsured market risk benefit 162 — 162 Market risk benefit assets, at fair value 338 — 338 Market risk benefit liabilities, at fair value 7,937 802 8,739 Market risk benefit, net, January 1, 2021 $ 7,599 $ 802 $ 8,401 The following table presents the balances of and changes in market risk benefits: Nine Months Ended September 30, 2023 Individual Group Total (in millions, except for attained age of contract holders) Balance, beginning of year $ 3,738 $ 296 $ 4,034 Effect of changes in our own credit risk (441) (24) (465) Balance, beginning of year, before effect of changes in our own credit risk $ 3,297 $ 272 $ 3,569 Issuances 527 28 555 Interest accrual 122 12 134 Attributed fees 636 49 685 Expected claims (68) (2) (70) Effect of changes in interest rates (1,223) (99) (1,322) Effect of changes in interest rate volatility (7) 2 (5) Effect of changes in equity markets (591) (61) (652) Effect of changes in equity index volatility (27) (4) (31) Actual outcome different from model expected outcome 155 10 165 Effect of changes in future expected policyholder behavior (1) (1) (2) Effect of changes in other future expected assumptions (86) (40) (126) Other, including foreign exchange — (3) (3) Balance, end of period, before effect of changes in our own credit risk 2,734 163 2,897 Effect of changes in our own credit risk 662 53 715 Balance, end of period 3,396 216 3,612 Less: Reinsured MRB, end of period (71) — (71) Net Liability Balance after reinsurance recoverable $ 3,325 $ 216 $ 3,541 Nine Months Ended September 30, 2023 Individual Group Total (in millions, except for attained age of contract holders) Net amount at risk GMDB only $ 1,200 $ 257 $ 1,457 GMWB only $ 24 $ 1 $ 25 Combined* $ 1,764 $ 28 $ 1,792 Weighted average attained age of contract holders 70 64 Nine Months Ended September 30, 2022 Individual Group Total (in millions, except for attained age of contract holders) Balance, beginning of year $ 6,452 $ 582 $ 7,034 Effect of changes in our own credit risk (1,934) (167) (2,101) Balance, beginning of year, before effect of changes in our own credit risk 4,518 415 4,933 Issuances 161 17 178 Interest accrual 130 16 146 Attributed fees 637 54 691 Expected claims (53) (2) (55) Effect of changes in interest rates (3,929) (360) (4,289) Effect of changes in interest rate volatility 267 17 284 Effect of changes in equity markets 1,923 164 2,087 Effect of changes in equity index volatility (80) — (80) Actual outcome different from model expected outcome 139 14 153 Effect of changes in future expected policyholder behavior (2) (18) (20) Effect of changes in other future expected assumptions (85) — (85) Other, including foreign exchange 4 (12) (8) Balance, end of period, before effect of changes in our own credit risk 3,630 305 3,935 Effect of changes in our own credit risk 63 (8) 55 Balance, end of period 3,693 297 3,990 Less: Reinsured MRB, end of period (98) — (98) Net Liability Balance after reinsurance recoverable $ 3,595 $ 297 $ 3,892 Net amount at risk GMDB only $ 2,059 $ 558 $ 2,617 GMWB only $ 15 $ — $ 15 Combined* $ 2,670 $ 16 $ 2,686 Weighted average attained age of contract holders 70 64 * Certain contracts contain both guaranteed GMDB and GMWB features and are modeled together for the purposes of calculating the MRB. The following is a reconciliation of MRBs by amounts in an asset position and in a liability position to the MRBs amount in the Condensed Consolidated Balance Sheets: September 30, 2023 September 30, 2022 (in millions) Asset* Liability* Net Asset* Liability* Net Individual Retirement $ 814 $ 4,139 $ 3,325 $ 622 $ 4,217 $ 3,595 Group Retirement 164 380 216 121 418 297 Total $ 978 $ 4,519 $ 3,541 $ 743 $ 4,635 $ 3,892 * Cash flows and attributed fees for MRBs are determined on a policy level basis and are reported based on their asset or liability position at the balance sheet date. For additional information related to fair value measurements of MRBs, see Note 5. ACTUARIAL ASSUMPTION UPDATES FOR MARKET RISK BENEFITS In 2023, the life insurance companies recognized a favorable impact to net income due to policyholder behavior assumptions. In 2022, the life insurance companies recognized a favorable impact to net income due to an update to the relationship between projected equity growth and interest rates for annuities. ANNUITY GUARANTEES Annuity contracts may include certain contractually guaranteed benefits to the contract holder. These guaranteed features include GMDBs that are payable in the event of death and living benefits that are payable when partial withdrawals exhaust a policy’s account value, in the event of annuitization, or, in other instances, at specified dates during the accumulation period. Living benefits primarily include GMWBs. A variable annuity contract may include more than one type of guaranteed benefit feature; for example, it may have both GMDB and GMWB. However, a policyholder can only receive payout from one guaranteed feature on a contract containing a death benefit and a living benefit, i.e., the features are mutually exclusive (except a surviving spouse who has a rider to potentially collect both GMDB upon their spouse’s death and GMWB during their lifetime). A policyholder cannot purchase more than one living benefit on one contract. The net amount at risk for each feature is calculated irrespective of the existence of other features; as a result, the net amount at risk for each feature is not additive to that of other features. Guaranteed Benefits on Variable Annuities Depending on the contract, the GMDB feature may provide a death benefit of either (a) total deposits made to the contract, less any partial withdrawals plus a minimum return (and in rare instances, no minimum return), (b) return of premium whereby the benefit is the greater of the current account value or premiums paid less any partial withdrawals, (c) rollups whereby the benefit is the greater of current account value or premiums paid (adjusted for withdrawals) accumulated at contractually specified rates up to specified ages, or (d) the highest contract value attained, typically on any anniversary date less any subsequent withdrawals following the contract anniversary. GMDB is our most widely offered benefit. Certain of our variable annuity contracts also contain living benefit riders, which include optional GMWBs and, to a lesser extent, GMABs and GMIBs. These living benefits and GMDBs related to variable annuity contracts are accounted for as MRBs measured at fair value, with changes in the fair value (excluding changes in our own credit risk) recorded in Change in the fair value of MRBs, net. The net amount at risk for the GMWB represents benefits in excess of the account value assuming the utilization of all benefits by the contract holders at the balance sheet date. The net amount at risk for the GMDB feature represents the amount of guaranteed benefits in excess of account value if all policyholders died. Guaranteed Benefits on Fixed Index and Fixed Annuities Certain of our fixed annuity and fixed index annuity contracts, which are not offered through separate accounts, contain optional GMWBs. With a GMWB, the contract holder can monetize the excess of the guaranteed amount over the account value of the contract through a series of withdrawals that do not exceed a specific percentage per year of the guaranteed amount. Once the account value is exhausted, the contract holder will receive a series of annuity payments equal to the remaining guaranteed amount; for lifetime GMWB products, the annuity payments continue as long as the covered person(s) is living. The liability for GMWBs in fixed annuity and fixed index annuity contracts, which are recorded in MRBs, represents the expected value of benefits in excess of the projected account value, with the excess (excluding changes in our own credit risk) recognized at fair value through Change in the fair value of MRBs, net. The liability for all of our GMWBs in fixed annuity and fixed index annuity contracts are accounted for as MRBs. For a discussion of the fair value measurement of guaranteed benefits that are accounted for as MRBs , see Note 5.

Separate Account Assets and Lia

Separate Account Assets and Liabilities	9 Months Ended
	Sep. 30, 2023
Insurance [Abstract]
Separate Account Assets and Liabilities	14. Separate Account Assets and Liabilities We report variable contracts within the separate accounts when investment income and investment gains and losses accrue directly to, and investment risk is borne by, the contract holder and the separate account meets additional accounting criteria to qualify for separate account treatment. The assets supporting the variable portion of variable annuity and variable universal life contracts that qualify for separate account treatment are carried at fair value and are reported as separate account assets, with an equivalent summary total reported as separate account liabilities. The assets of separate accounts are legally segregated and are not subject to claims that arise from any of our other businesses. Policy values for variable products and investment contracts are expressed in terms of investment units. Each unit is linked to an asset portfolio. The value of a unit increases or decreases based on the value of the linked asset portfolio. The current liability at any time is the sum of the current unit value of all investment units in the separate accounts, plus any liabilities for MRBs. Amounts assessed against the policyholders for mortality, administrative and other services are included in policy fees. Investment performance (including investment income, net investment gains (losses) and changes in unrealized gains (losses)) and the corresponding amounts credited to policyholders of such separate accounts are offset within the same line in the Condensed Consolidated Statements of Income (Loss). For discussion of the fair value measurement of guaranteed benefits that are accounted for as MRBs, see Note 5. The following table presents fair value of separate account investment options: September 30, 2023 September 30, 2022 (in millions) Individual Group Life Institutional Total Individual Group Life Institutional Total Equity Funds $ 23,493 $ 26,206 $ 736 $ 590 $ 51,025 $ 21,696 $ 23,226 $ 648 $ 547 $ 46,117 Bond Funds 3,775 3,262 42 1,286 8,365 3,661 3,910 46 1,287 8,904 Balanced Funds 16,649 5,095 48 1,919 23,711 17,346 4,853 46 2,361 24,606 Money Market Funds 696 603 22 302 1,623 682 539 17 437 1,675 Total $ 44,613 $ 35,166 $ 848 $ 4,097 $ 84,724 $ 43,385 $ 32,528 $ 757 $ 4,632 $ 81,302 The following table presents the balances and changes in Separate account liabilities: Nine Months Ended September 30, 2023 Individual Group Life Institutional Total (in millions) Balance, beginning of year $ 45,178 $ 34,361 $ 799 $ 4,515 $ 84,853 Premiums and deposits 1,124 1,033 27 40 2,224 Policy charges (964) (333) (37) (69) (1,403) Surrenders and withdrawals (2,728) (2,205) (19) (503) (5,455) Benefit payments (640) (374) (5) (61) (1,080) Investment performance 2,470 2,806 85 160 5,521 Net transfers from (to) general account and other 173 (122) (2) 15 64 Balance, end of period $ 44,613 $ 35,166 $ 848 $ 4,097 $ 84,724 Cash surrender value* $ 43,566 $ 34,980 $ 828 $ 4,100 $ 83,474 Nine Months Ended September 30, 2022 Individual Group Life Institutional Total (in millions) Balance, beginning of year $ 57,927 $ 45,138 $ 1,044 $ 5,002 $ 109,111 Premiums and deposits 1,905 1,248 28 54 3,235 Policy charges (988) (356) (38) (75) (1,457) Surrenders and withdrawals (2,492) (1,931) (19) (42) (4,484) Benefit payments (684) (407) (5) (16) (1,112) Investment performance (12,440) (10,831) (252) (328) (23,851) Net transfers from (to) general account and other 157 (333) (1) 37 (140) Balance, end of period $ 43,385 $ 32,528 $ 757 $ 4,632 $ 81,302 Cash surrender value* $ 42,313 $ 32,340 $ 756 $ 4,633 $ 80,042 * The cash surrender value represents the amount of the contract holder’s account balance distributable at the balance sheet date less applicable surrender charges.

Contingencies, Commitments and

Contingencies, Commitments and Guarantees	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingencies, Commitments and Guarantees	15. Contingencies, Commitments and Guarantees In the normal course of business, various contingent liabilities and commitments are entered into by AIG and our subsidiaries. In addition, AIG Parent guarantees various obligations of certain subsidiaries. Although AIG cannot currently quantify its ultimate liability for unresolved litigation and investigation matters, including those referred to below, it is possible that such liability could have a material adverse effect on AIG’s consolidated financial condition or its consolidated results of operations or consolidated cash flows for an individual reporting period. LEGAL CONTINGENCIES Overview In the normal course of business, AIG and our subsidiaries are subject to regulatory and government investigations and actions, and litigation and other forms of dispute resolution in a large number of proceedings pending in various domestic and foreign jurisdictions. Certain of these matters involve potentially significant risk of loss due to potential for significant jury awards and settlements, punitive damages or other penalties. Many of these matters are also highly complex and may seek recovery on behalf of a class or similarly large number of plaintiffs. It is therefore inherently difficult to predict the size or scope of potential future losses arising from these matters. In our insurance and reinsurance operations, litigation and arbitration concerning the scope of coverage under insurance and reinsurance contracts, and litigation and arbitration in which our subsidiaries defend or indemnify their insureds under insurance contracts, are generally considered in the establishment of our loss reserves. Separate and apart from the foregoing matters involving insurance and reinsurance coverage, AIG, our subsidiaries and their respective officers and directors are subject to a variety of additional types of legal proceedings brought by holders of AIG securities, customers, employees and others, alleging, among other things, breach of contractual or fiduciary duties, bad faith, indemnification and violations of federal and state statutes and regulations. With respect to these other categories of matters not arising out of claims for insurance or reinsurance coverage, we establish reserves for loss contingencies when it is probable that a loss will be incurred and the amount of the loss can be reasonably estimated. In many instances, we are unable to determine whether a loss is probable or to reasonably estimate the amount of such a loss and, therefore, the potential future losses arising from legal proceedings may exceed the amount of liabilities that we have recorded in our financial statements covering these matters. While such potential future charges could be material, based on information currently known to management, management does not believe, other than as may be discussed below, that any such charges are likely to have a material adverse effect on our financial position or results of operation. Additionally, from time to time, various regulatory and governmental agencies review the transactions and practices of AIG and our subsidiaries in connection with industry-wide and other inquiries or examinations into, among other matters, the business practices of current and former operating insurance subsidiaries. Such investigations, inquiries or examinations could develop into administrative, civil or criminal proceedings or enforcement actions, in which remedies could include fines, penalties, restitution or alterations in our business practices, and could result in additional expenses, limitations on certain business activities and reputational damage. Moriarty Litigation Effective January 1, 2013, the California legislature enacted AB 1747 (the Act), which amended the California Insurance Code to mandate that life insurance policies issued and delivered in California contain a 60-day grace period during which time the policies must remain in force after a premium payment is missed, and that life insurers provide both a 30-day minimum notification of lapse and annual notice of the right of policy owners to designate a secondary recipient for lapse and termination notices. Following guidance from the California Department of Insurance and certain industry trade groups, American General Life Insurance Company (AGL) interpreted the Act to be prospective in nature, applying only to policies issued and delivered on or after the Act’s January 1, 2013, effective date. On July 18, 2017, AGL was sued in a putative class action captioned Moriarty v. American General Life Insurance Company, No. 17-cv-1709 (S.D. Cal.), challenging AGL’s prospective application of the Act. Plaintiff’s complaint, which is similar to complaints filed against other insurers, argues that policies issued and delivered prior to January 1, 2013, like the $1 million policy issued to Plaintiff’s husband do not lapse—despite nonpayment of premiums—if the insurer has not complied with the Act’s terms. On August 30, 2021, the California Supreme Court issued an opinion in McHugh v. Protective Life Insurance, 12 Cal. 5th 213 (2021), ruling that the Act applies to all policies in force on January 1, 2013, regardless of when the policies were issued. On February 7, 2022, Plaintiff filed motions for summary judgment and class certification; AGL opposed both motions and filed its own motion for partial summary judgment. On July 26, 2022, the District Court granted in part and denied in part AGL’s motion for partial summary judgment, and on September 7, 2022, the District Court denied Plaintiff's motion for summary judgment. In those 2022 summary judgment decisions, the District Court declined to adopt Plaintiff's theory that a failure to comply with the Act necessitates payment of policy benefits or to make a pre-trial determination as to AGL’s liability. On September 27, 2022, the District Court denied Plaintiff’s motion for class certification without prejudice. The District Court declined to certify Plaintiff's proposed class consisting of claims for monetary damages and equitable relief, but indicated that Plaintiff could seek the certification of a narrower class consisting only of claims for monetary damages. The District Court indicated, however, that it had "substantial concerns" as to whether individual issues such as actual damages and causation would predominate, precluding class certification. Subsequently, the case was reassigned to a new District Court judge, who requested additional briefing on certain issues addressed by the summary judgment decisions and heard additional oral argument on those issues on July 19, 2023. On August 14, 2023, the District Court granted Plaintiff’s motion for summary judgment, adopting Plaintiff’s theory that failure to comply with the Act means the policy did not lapse and as a result, AGL breached the terms of the policy by refusing to pay the death benefit. In the order granting the motion, the District Court declined to revisit the September 2022 denial of class certification; therefore, this matter became an individual case only. At a status conference on August 23, 2023, the District Court decided that Plaintiff could file a motion regarding the propriety of revisiting class certification. Plaintiff filed such a motion on September 1, 2023, and AGL filed a provisional motion to certify the District Court’s August 14, 2023 summary judgment order for interlocutory appeal to the Court of Appeals for the Ninth Circuit on the same date. On September 26, 2023, the District Court decided that good cause exists to allow Plaintiff to file a third motion for class certification; however, at the same time, the Court certified AGL’s petition for interlocutory appeal and stayed court proceedings pending the outcome of AGL’s appeal. AGL is also defending other actions in California involving similar issues: Allen v. Protective Life Insurance Co., (pending in federal district court in the Eastern District) in which the individual plaintiff filed a motion on August 11, 2023 seeking leave to amend the complaint to add class-action allegations against AGL; and Chuck v. American General Life Insurance Co. (pending in California Superior Court for the County of Los Angeles), which was filed on September 6, 2023 as a putative class action. These cases are in the early stages, and we expect their progress will be influenced by future developments in the McHugh and Moriarty cases referenced herein. We have accrued our current estimate of probable loss with respect to these litigation matters. Proceedings are ongoing against other insurers in other California cases that raise similar industry-wide issues, including the McHugh case. McHugh is on remand from the California Supreme Court and is set for trial in February 2024, There, the California Court of Appeal rendered an unpublished opinion on October 10, 2022 that declined to hold that failure to comply with the Act automatically necessitates payment of policy benefits. OTHER COMMITMENTS In the normal course of business, we enter into commitments to invest in limited partnerships, private equity funds and hedge funds and to purchase and develop real estate in the U.S. and abroad. These commitments totaled $6.1 billion and $6.6 billion at September 30, 2023 and December 31, 2022, respectively. GUARANTEES Subsidiaries We have issued unconditional guarantees with respect to the prompt payment, when due, of all present and future payment obligations and liabilities of AIGFP and certain of its subsidiaries. We have also issued guarantees of all present and future payment obligations and liabilities of AIG Markets, Inc. Due to the deconsolidation of AIGFP and its subsidiaries, as of September 30, 2023, a $92 million guarantee related to the obligations of AIGFP and certain of its subsidiaries was recognized, and is reported in Other liabilities. Business and Asset Dispositions We are subject to financial guarantees and indemnity arrangements in connection with the completed sales of businesses and assets. The various arrangements may be triggered by, among other things, declines in asset values, the occurrence of specified business contingencies, the realization of contingent liabilities, developments in litigation or breaches of representations, warranties or covenants provided by us. These arrangements are typically subject to various time limitations, defined by the contract or by operation of law, such as statutes of limitation. In some cases, the maximum potential obligation is subject to contractual limitations, while in other cases such limitations are not specified or are not applicable. We are unable to develop a reasonable estimate of the maximum potential payout under certain of these arrangements. Overall, we believe the likelihood that we will have to make any material payments related to completed sales under these arrangements is remote, and no material liabilities related to these arrangements have been recorded in the Condensed Consolidated Balance Sheets. Other • For additional information on commitments and guarantees associated with VIEs, see Note 10. • For additional information on derivatives, see Note 11.

Equity

Equity	9 Months Ended
	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
Equity	16. Equity SHARES OUTSTANDING Preferred Stock On March 14, 2019, we issued 20,000 shares of Series A 5.85% Non-Cumulative Perpetual Preferred Stock (Series A Preferred Stock) (equivalent to 20,000,000 Depositary Shares, each representing a 1/1,000th interest in a share of Series A Preferred Stock), $5.00 par value and $25,000 liquidation preference per share (equivalent to $25 per Depositary Share). After underwriting discounts and expenses, we received net proceeds of approximately $485 million. Common Stock The following table presents a rollforward of outstanding shares: Nine Months Ended September 30, 2023 Common Treasury Common Stock (in millions) Shares, beginning of year 1,906.7 (1,172.6) 734.1 Shares issued — 5.1 5.1 Shares repurchased — (34.6) (34.6) Shares, end of period 1,906.7 (1,202.1) 704.6 Dividends Dividends are payable on AIG common stock, par value $2.50 per share (AIG Common Stock) only when, as and if declared by our Board of Directors in its discretion, from funds legally available for this purpose. In considering whether to pay a dividend on or purchase shares of AIG Common Stock, our Board of Directors considers a number of factors, including, but not limited to: the capital resources available to support our insurance operations and business strategies, AIG’s funding capacity and capital resources in comparison to internal benchmarks, expectations for capital generation, rating agency expectations for capital, regulatory standards for capital and capital distributions, and such other factors as our Board of Directors may deem relevant. The payment of dividends is also subject to the terms of AIG’s outstanding Series A Preferred Stock, pursuant to which no dividends may be declared or paid on any AIG Common Stock unless the full dividends for the latest completed dividend period on all outstanding shares of Series A Preferred Stock have been declared and paid or provided for. For a discussion of restrictions on payments of dividends to AIG Parent by its subsidiaries, see Note 18 to the Consolidated Financial Statements in the 2022 Annual Report. Repurchase of AIG Common Stock Shares may be repurchased from time to time in the open market, private purchases, through forward, derivative, accelerated repurchase or automatic repurchase transactions or otherwise. Certain of our share repurchases have been and may from time to time be effected through the Securities Exchange Act of 1934, as amended (the Exchange Act) Rule 10b5-1 repurchase plans. On August 1, 2023, the Board of Directors authorized the repurchase of $7.5 billion of AIG Common Stock (inclusive of the approximately $2.15 billion of expected remaining authorization under the Board's prior share repurchase authorization). The timing of any future repurchases will depend on market conditions, our business and strategic plans, financial condition, results of operations, liquidity and other factors. The repurchase of AIG Common Stock is also subject to the terms of AIG’s outstanding Series A Preferred Stock, pursuant to which AIG may not (other than in limited circumstances) purchase, redeem or otherwise acquire AIG Common Stock unless the full dividends for the latest completed dividend period on all outstanding shares of Series A Preferred Stock have been declared and paid or provided for. DIVIDENDS DECLARED On November 1, 2023, our Board of Directors declared a cash dividend on AIG Common Stock of $0.36 per share, payable on December 28, 2023 to shareholders of record on December 14, 2023. On November 1, 2023, our Board of Directors declared a cash dividend on AIG’s Series A Preferred Stock of $365.625 per share, payable on December 15, 2023 to holders of record on November 30, 2023. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table presents a rollforward of Accumulated other comprehensive income (loss): * Includes net unrealized gains and losses attributable to businesses held for sale at September 30, 2023. The following table presents the other comprehensive income (loss) reclassification adjustments for the three and nine months ended September 30, 2023 and 2022 , respectively: (in millions) Unrealized Unrealized Change in Fair Change in the Foreign Retirement Fair Value of Total Three Months Ended September 30, 2023 Unrealized change arising during period $ (80) $ (6,998) $ (104) $ 1,470 $ (279) $ 57 $ — $ (5,934) Less: Reclassification adjustments included in net income — (163) — — — (6) — (169) Total other comprehensive income (loss), before income tax expense (benefit) (80) (6,835) (104) 1,470 (279) 63 — (5,765) Less: Income tax expense (benefit) (14) (1,141) (23) 323 (10) 18 — (847) Total other comprehensive income (loss), net of income tax expense (benefit) $ (66) $ (5,694) $ (81) $ 1,147 $ (269) $ 45 $ — $ (4,918) Three Months Ended September 30, 2022 Unrealized change arising during period $ (77) $ (11,700) $ 320 $ 2,168 $ (748) $ 10 $ — $ (10,027) Less: Reclassification adjustments included in net income 17 (148) — — — (8) — (139) Total other comprehensive income (loss), before income tax expense (benefit) (94) (11,552) 320 2,168 (748) 18 — (9,888) Less: Income tax expense (benefit) (20) (2,048) 67 443 (27) 3 — (1,582) Total other comprehensive income (loss), net of income tax expense (benefit) $ (74) $ (9,504) $ 253 $ 1,725 $ (721) $ 15 $ — $ (8,306) Nine Months Ended September 30, 2023 Unrealized change arising during period $ 10 $ (5,171) $ (250) $ 1,474 $ (323) $ 147 $ — $ (4,113) Less: Reclassification adjustments included in net income (23) (933) — — — (23) — (979) Total other comprehensive income (loss), before of income tax expense (benefit) 33 (4,238) (250) 1,474 (323) 170 — (3,134) Less: Income tax expense (benefit) 9 (798) (54) 374 33 45 — (391) Total other comprehensive income (loss), net of income tax expense (benefit) $ 24 $ (3,440) $ (196) $ 1,100 $ (356) $ 125 $ — $ (2,743) Nine Months Ended September 30, 2022 Unrealized change arising during period $ (98) $ (49,047) $ 2,048 $ 7,403 $ (1,024) $ 16 $ (4) $ (40,706) Less: Reclassification adjustments included in net income 9 (883) — — — (23) — (897) Total other comprehensive income (loss), before income tax expense (benefit) (107) (48,164) 2,048 7,403 (1,024) 39 (4) (39,809) Less: Income tax expense (benefit) (24) (7,737) 431 1,518 38 (1) — (5,775) Total other comprehensive income (loss), net of income tax expense (benefit) $ (83) $ (40,427) $ 1,617 $ 5,885 $ (1,062) $ 40 $ (4) $ (34,034) The following table presents the effect of the reclassification of significant items out of AOCI on the respective line items in the Condensed Consolidated Statements of Income (Loss) (a) : Amount Reclassified from AOCI Affected Line Item in the Three Months Ended September 30, Condensed Consolidated (in millions) 2023 2022 Statements of Income (Loss) Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken Investments $ — $ 17 Net realized gains (losses) Total — 17 Unrealized appreciation (depreciation) of all other investments Investments (163) (148) Net realized gains (losses) Total (163) (148) Change in retirement plan liabilities adjustment Prior-service credit (1) (1) (b) Actuarial losses (5) (7) (b) Total (6) (8) Total reclassifications for the period $ (169) $ (139) Amount Reclassified from AOCI Affected Line Item in the Nine Months Ended September 30, Condensed Consolidated (in millions) 2023 2022 Statements of Income (Loss) Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken Investments $ (23) $ 9 Net realized gains (losses) Total (23) 9 Unrealized appreciation (depreciation) of all other investments Investments (933) (883) Net realized gains (losses) Total (933) (883) Change in retirement plan liabilities adjustment Prior-service credit (2) (2) (b) Actuarial losses (21) (21) (b) Total (23) (23) Total reclassifications for the period $ (979) $ (897) (a) The following items are not reclassified out of AOCI and included in the Condensed Consolidated Statements of Income (Loss) and thus have been excluded from the table: (a) Change in fair value of market risk benefits attributable to changes in our own credit risk (b) Change in the discount rates used to measure traditional and limited-payment long-duration insurance contracts, and (c) Fair value of liabilities under fair value option attributable to changes in own credit risk. (b) These AOCI components are included in the computation of net periodic pension cost. NONCONTROLLING INTEREST On June 12, 2023, AIG closed a secondary offering of Corebridge common stock, selling 74.75 million existing shares (out of approximately 648 million total shares of common stock outstanding), which included 65 million shares initially offered and the full exercise by the underwriters of their option to purchase an additional 9.75 million shares. Corebridge also repurchased approximately 11 million shares of Corebridge common stock from AIG during the nine months ended September 30, 2023. AIG owns 65.6 percent of the outstanding common stock of Corebridge as of September 30, 2023. For additional information on the Corebridge common stock offerings and share repurchases, see Note 1. The following table presents the effect of changes in our ownership interest in Corebridge on our equity: (in millions) Three Months Ended Nine Months Ended Net income attributable to AIG common shareholders $ 2,020 $ 3,528 Changes in AIG equity for sale of interest in Corebridge and Corebridge share repurchases (6) (92) Change from Net income attributable to AIG common shareholders and changes in AIG's ownership interests $ 2,014 $ 3,436

Earnings Per Common Share (EPS)

Earnings Per Common Share (EPS)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Earnings Per Common Share (EPS)	17. Earnings Per Common Share (EPS) The basic EPS computation is based on the weighted average number of common shares outstanding, adjusted to reflect all stock dividends and stock splits. The diluted EPS computation is based on those shares used in the basic EPS computation plus common shares that would have been outstanding assuming issuance of common shares for all dilutive potential common shares outstanding and adjusted to reflect all stock dividends and stock splits, using the treasury stock method or the if-converted method, as applicable. The following table presents the computation of basic and diluted EPS: Three Months Ended Nine Months Ended (dollars in millions, except per common share data) 2023 2022 2023 2022 Numerator for EPS: Income from continuing operations $ 2,747 $ 3,087 $ 4,351 $ 10,727 Less: Net income from continuing operations attributable to noncontrolling interests 720 339 801 1,051 Less: Preferred stock dividends 7 7 22 22 Income attributable to AIG common shareholders from continuing operations 2,020 2,741 3,528 9,654 Income (loss) from discontinued operations, net of income tax expense — — — (1) Net income attributable to AIG common shareholders $ 2,020 $ 2,741 $ 3,528 $ 9,653 Denominator for EPS: Weighted average common shares outstanding - basic 712,598,496 763,051,482 725,579,999 789,888,322 Dilutive common shares 6,128,816 8,080,919 5,453,046 9,204,234 Weighted average common shares outstanding - diluted (a) 718,727,312 771,132,401 731,033,045 799,092,556 Income (loss) per common share attributable to AIG common shareholders: Basic: Income from continuing operations $ 2.83 $ 3.59 $ 4.86 $ 12.22 Income from discontinued operations $ — $ — $ — $ — Income attributable to AIG common shareholders $ 2.83 $ 3.59 $ 4.86 $ 12.22 Diluted: Income from continuing operations $ 2.81 $ 3.55 $ 4.83 $ 12.08 Income from discontinued operations $ — $ — $ — $ — Income attributable to AIG common shareholders $ 2.81 $ 3.55 $ 4.83 $ 12.08 (a) Potential dilutive common shares include our share-based employee compensation plans and an option for Blackstone to exchange all or a portion of its ownership interest in Corebridge for AIG common shares in the event an IPO did not occur prior to 2024. As a result of the consummation of the IPO on September 19, 2022, this exchange right of Blackstone was terminated. The number of potential common shares excluded from diluted shares outstanding was 5.1 million and 5.4 million for the three and nine months ended September 30, 2023, respectively, and 6.0 million and 30.8 million for the three and nine months ended September 30, 2022, respectively, because the effect of including those common shares in the calculation would have been anti-dilutive. For information regarding our repurchases of AIG Common Stock, see Note 16.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	18. Income Taxes U.S. TAX LAW CHANGES The Inflation Reduction Act of 2022 (H.R. 5376) includes a 15 percent corporate alternative minimum tax (CAMT) on adjusted financial statement income for corporations with average profits over $1 billion over a three-year period. Although the U.S. Treasury and Internal Revenue Service (IRS) issued interim CAMT guidance during 2023, many details and specifics of application of the CAMT remain subject to future guidance. We are subject to CAMT for 2023. Our estimated CAMT liability will continue to be refined based on future guidance. BASIS OF PRESENTATION We file a consolidated U.S. federal income tax return with our eligible U.S. subsidiaries. Income earned by subsidiaries operating outside the U.S. is taxed, and income tax expense is recorded, based on applicable U.S. and foreign laws. Following the IPO of Corebridge on September 19, 2022, AIG’s remaining ownership in Corebridge decreased below 80 percent, resulting in tax deconsolidation of Corebridge parent and its subsidiaries from the AIG consolidated U.S. federal income tax group as well as certain state and local jurisdictions where unitary returns are filed. Subsequent to the tax deconsolidation from AIG, due to the application of relevant U.S. tax laws, American General Corporation and its directly owned life insurance subsidiaries (the AGC Group) will not be permitted to join in the filing of a consolidated U.S. federal income tax return with Corebridge parent and its non-life-insurance subsidiaries for a period of five years. Corebridge’s net operating losses and tax credit carryforwards that have not been utilized prior to tax deconsolidation from AIG will remain with the relevant Corebridge entities and will be available for utilization by the respective Corebridge U.S. federal income tax groups. The realizability of the deferred tax assets related to such carryforwards is based on the positive and negative evidence applicable to each U.S. federal income tax group. TAX ACCOUNTING POLICIES We use an item-by-item approach to release the stranded or disproportionate income tax effects in AOCI related to our available-for-sale securities. Under this approach, a portion of the disproportionate tax effects is assigned to each individual security lot at the date the amount becomes lodged. When the individual securities are sold, mature, or are otherwise impaired on an other-than-temporary basis, the assigned portion of the disproportionate tax effect is reclassified from AOCI to income (loss) from continuing operations. We consider our foreign earnings with respect to certain operations in Canada, South Africa, Japan, Latin America, Bermuda as well as the European, Asia Pacific and Middle East regions to be indefinitely reinvested. These earnings relate to ongoing operations and have been reinvested in active business operations. A deferred tax liability has not been recorded for those foreign subsidiaries whose earnings are considered to be indefinitely reinvested. If recorded, such deferred tax liability would not be material to our consolidated financial condition. Deferred taxes, if necessary, have been provided on earnings of non-U.S. affiliates whose earnings are not indefinitely reinvested. Global Intangible Low-Taxed Income (GILTI) imposes U.S. taxes on the excess of a deemed return on tangible assets of certain foreign subsidiaries. Consistent with accounting guidance, we have made an accounting policy election to treat GILTI taxes as a period tax charge in the period the tax is incurred. INTERIM TAX CALCULATION METHOD We use the estimated annual effective tax rate method in computing our interim tax provision. Certain items, including those deemed to be unusual, infrequent or that cannot be reliably estimated, are excluded from the estimated annual effective tax rate. In these cases, the actual tax expense or benefit is reported in the same period as the related item. Certain tax effects are also not reflected in the estimated annual effective tax rate, primarily certain changes in uncertain tax positions and realizability of deferred tax assets and are recorded in the period in which the change occurs. INTERIM TAX EXPENSE (BENEFIT) For the three months ended September 30, 2023, the effective tax rate on income from continuing operations was 23.0 percent. The effective tax rate on income from continuing operations differs from the statutory tax rate of 21 percent primarily due to tax charges associated with tax adjustments related to prior year returns, the effect of foreign operations, and state and local income taxes. These tax charges were partially offset by tax benefits related to tax implications of the announced sale of certain Corebridge and AIG subsidiaries, including Laya, AIG Life and Validus Re, U.S. federal valuation allowance changes and tax exempt income. The effect of foreign operations is primarily related to income of our foreign operations taxed at statutory tax rates higher than 21 percent, other foreign taxes, and foreign income subject to U.S. taxation. For the nine months ended September 30, 2023, the effective tax rate on income from continuing operations was 16.4 percent. The effective tax rate on income from continuing operations differs from the statutory tax rate of 21 percent primarily due to tax benefits related to the potential resolution of an IRS audit matter, net of an increase in associated uncertain tax benefits, tax implications of the announced sale of certain Corebridge and AIG subsidiaries, including Laya, AIG Life and Validus Re, tax implications of the Corebridge secondary offering, tax exempt income and excess tax benefits related to share-based compensation payments recorded through the income statement. These tax benefits were partially offset by tax charges associated with tax adjustments related to prior year returns, the effect of foreign operations, U.S. federal and foreign valuation allowance changes, and state and local income taxes. The effect of foreign operations is primarily related to income of our foreign operations taxed at statutory tax rates higher than 21 percent, other foreign taxes, and foreign income subject to U.S. taxation. For the three months ended September 30, 2022, the effective tax rate on income from continuing operations was 20.9 percent. While the effective tax rate on income from continuing operations does not differ from the statutory tax rate of 21 percent, we recognized tax benefits associated with tax exempt income and reclassifications from AOCI to income from continuing operations related to the disposal of available for sale securities, offset by tax charges associated with the effect of foreign operations, state and local income taxes, and non-deductible transfer pricing charges. The effect of foreign operations is primarily related to income of our foreign operations taxed at statutory tax rates higher than 21 percent, other foreign taxes, and foreign income subject to U.S. taxation. For the nine months ended September 30, 2022, the effective tax rate on income from continuing operations was 20.8 percent. The effective tax rate on income from continuing operations differs from the statutory tax rate of 21 percent primarily due to tax benefits associated with tax exempt income, reclassifications from AOCI to income from continuing operations related to the disposal of available for sale securities, excess tax benefits related to share-based compensation payments recorded through the income statement and tax adjustments related to prior year returns. These tax benefits were partially offset by tax charges associated with the effect of foreign operations, state and local income taxes, and non-deductible transfer pricing charges. The effect of foreign operations is primarily related to income of our foreign operations taxed at statutory tax rates higher than 21 percent, other foreign taxes, and foreign income subject to U.S. taxation. ASSESSMENT OF DEFERRED TAX ASSET VALUATION ALLOWANCE The evaluation of the recoverability of our deferred tax asset and the need for a valuation allowance requires us to weigh all positive and negative evidence to reach a conclusion that it is more likely than not that all or some portion of the deferred tax asset will not be realized. The weight given to the evidence is commensurate with the extent to which it can be objectively verified. The more negative evidence that exists, the more positive evidence is necessary and the more difficult it is to support a conclusion that a valuation allowance is not needed. Recent events, including changes in target interest rates by the Board of Governors of the Federal Reserve System, and significant market volatility, continue to impact actual and projected results of our business operations as well as our views on potential effectiveness of certain prudent and feasible tax planning strategies. In order to demonstrate the predictability and sufficiency of future taxable income necessary to support the realizability of the net operating losses and foreign tax credit carryforwards, we have considered forecasts of future income for each of our businesses, including assumptions about future macroeconomic and AIG-specific conditions and events, and any impact these conditions and events may have on our prudent and feasible tax planning strategies. We also subjected the forecasts to a variety of stresses of key assumptions and evaluated the effect on tax attribute utilization. The carryforward period of our foreign tax credit carryforwards runs through 2023. Carryforward periods for our net operating losses extend from 2028 forward. However, utilization of a portion of our net operating losses is limited under separate return limitation year rules. To the extent that the valuation allowance is attributed to changes in forecast of current year taxable income, the impact is included in our estimated annualized effective tax rate. A valuation allowance related to changes in forecasts of income in future periods as well as other items not related to the current year is recorded discretely. Although tax deconsolidation of Corebridge from the AIG consolidated U.S. federal income tax group resulted in the formation of new federal tax filing groups requiring separate deferred tax asset realizability assessments, there was no material change to the total deferred tax asset valuation allowance. After factoring in multiple data points and assessing relative weight of all positive and negative evidence, we concluded that a valuation allowance of $858 million is necessary. Accordingly, as of September 30, 2023, the balance sheet reflects a valuation allowance of $858 million, of which $713 million relates to AIG's U.S. federal consolidated income tax group and $145 million relates to Corebridge. The valuation allowance recorded with respect to AIG's U.S. federal consolidated income tax group relates to a portion of tax attribute carryforwards that are no longer more-likely-than-not to be realized. No change in AIG's U.S. federal consolidated income tax group valuation allowance was recorded for the nine months ended September 30, 2023. The valuation allowance at Corebridge relates to a portion of both tax attribute carryforwards and certain other deferred tax assets of the Corebridge non-life insurance group that are not more-likely-than-not to be realized. For the three and nine months ended September 30, 2023, Corebridge recorded a $57 million and $6 million decrease in valuation allowance, respectively, attributable to current year activity. For the nine months ended September 30, 2023, recent changes in market conditions, including changes in interest rates, impacted the unrealized tax gains and losses in the available for sale securities portfolios of both our U.S. life insurance and non-life insurance companies, resulting in an increase to deferred tax assets related to net unrealized tax capital losses. The deferred tax assets relate to the unrealized tax capital losses for which the carryforward period has not yet begun, and as such, when assessing recoverability, we consider our ability and intent to hold the underlying securities to recovery. As of September 30, 2023, based on all available evidence, we concluded that a valuation allowance of $2.4 billion is necessary on a portion of the deferred tax assets related to unrealized tax capital losses that are not more-likely-than-not to be realized. Of the total valuation allowance, $1.5 billion relates to the unrealized tax capital losses in the U.S. Life Insurance Companies' available for sale securities portfolio and $905 million relates to the unrealized tax capital losses in the non-life insurance companies' available for sale securities portfolio. For the nine months ended September 30, 2023, we established $113 million of valuation allowance associated with the unrealized tax capital losses in the U.S. Life Insurance Companies’ available for sale securities portfolio. There was no change to the valuation allowance associated with the unrealized tax capital losses in the non-life insurance companies’ available for sale securities portfolio. For the three months ended September 30, 2023, we recorded an increase in valuation allowance of $177 million associated with the unrealized tax capital losses in the U.S. Life Insurance Companies’ available for sale securities portfolio and $160 million associated with the unrealized tax capital losses in the non-life insurance companies’ available for sale securities portfolio. The valuation allowance establishment was primarily allocated to other comprehensive income. For the nine months ended September 30, 2023, we recognized a net $51 million increase in deferred tax asset valuation allowance associated with certain foreign jurisdictions. TAX EXAMINATIONS AND LITIGATION We are currently under examination by the IRS for the tax years 2011 through 2019. In September 2020, we received the IRS Revenue Agent Report containing agreed and disagreed issues for the audit of tax years 2007-2010. In October 2020, we filed a protest of the disagreed issues with the IRS Independent Office of Appeals (IRS Appeals). In March 2021, the IRS audit team issued their rebuttal to the protest of disagreed issues to IRS Appeals. We had an IRS Appeals conference in October 2021 and are continuing to engage in the appeals process. ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES At September 30, 2023 and December 31, 2022, our unrecognized tax benefits, excluding interest and penalties, were $1.4 billion and $1.2 billion, respectively. At September 30, 2023 and December 31, 2022, the amounts of unrecognized tax benefits that, if recognized, would favorably affect the effective tax rate were $1.4 billion and $1.2 billion, respectively. Unrecognized tax benefits that would not affect the effective tax rate generally relate to such factors as the timing, rather than the permissibility of the deduction. Interest and penalties related to unrecognized tax benefits are recognized in income tax expense. At September 30, 2023 and December 31, 2022, we had accrued liabilities of $58 million and $63 million, respectively, for the payment of interest (net of the federal benefit) and penalties. For the nine months ended September 30, 2023 and September 30, 2022, we accrued benefit of $5 million and $8 million, respectively, for the payment of interest and penalties. Although it is reasonably possible that a change in the balance of unrecognized tax benefits may occur within the next 12 months, based on the information currently available, we do not expect any change to be material to our consolidated financial condition.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Use of Estimates	USE OF ESTIMATES The preparation of financial statements in accordance with U.S. GAAP requires the application of accounting policies that often involve a significant degree of judgment. Accounting policies that we believe are most dependent on the application of estimates and assumptions are considered our critical accounting estimates and are related to the determination of: • loss reserves; • valuation of future policy benefit liabilities and recognition of measurement gains and losses; • valuation of market risk benefits (MRBs) related to guaranteed benefit features of variable annuity, fixed annuity and fixed index annuity products; • valuation of embedded derivative liabilities for fixed index annuity and index universal life products; • reinsurance assets, including the allowance for credit losses and disputes; • goodwill impairment; • allowance for credit losses on certain investments, primarily on loans and available for sale fixed maturity securities; • fair value measurements of certain financial assets and financial liabilities; and • income taxes, in particular the recoverability of our deferred tax asset and establishment of provisions for uncertain tax positions. These accounting estimates require the use of assumptions about matters, some of which are highly uncertain at the time of estimation. To the extent actual experience differs from the assumptions used, our consolidated financial condition, results of operations and cash flows could be materially affected.
Insurance Revenues	Insurance revenues include premiums and policy fees. All premiums and policy fees are presented net of reinsurance, as applicable. Premiums from long-duration life products, other than universal and variable life contracts, are recognized as revenues when due. Premiums from individual and group annuity contracts that are life contingent are recognized as revenues when due. For limited payment contracts, premiums are due over a significantly shorter period than the period over which benefits are provided. Prior to the adoption of LDTI, effective on January 1, 2021, the difference between the gross premium received and the net premium was deferred and recognized in premiums in a constant relationship to insurance in-force, or for annuities, the amount of expected future policy benefits. This Deferred Profit Liability (DPL) was recorded in the Condensed Consolidated Balance Sheets in Other policyholder funds. After January 1, 2021, the difference between the gross premium received and recorded as revenue and the net premium is deferred and recognized in Policyholder benefits in a constant relationship to insurance in-force, or for annuities, the amount of expected future policy benefits. This DPL is recorded in the Condensed Consolidated Balance Sheets in Future policy benefits for life and accident and health insurance contracts. Prior to the adoption of LDTI, effective on January 1, 2021, reinsurance premiums ceded under yearly renewable term (YRT) reinsurance agreements were recognized as a reduction in revenues over the period the reinsurance coverage was utilized in proportion to the risks to which the premiums relate, while premiums ceded under modified coinsurance (modco) treaties were recognized when due. Following the adoption of LDTI, after January 1, 2021 all reinsurance premiums ceded are recognized when due, following a ceded net premium ratio (NPR) methodology that also accrues a proportionate amount of estimated benefits. Reinsurance premiums for assumed business are estimated based on information received from ceding companies and reinsurers. Any subsequent differences that arise regarding such estimates are recorded in the periods in which they are determined. Amounts received as payment for investment-oriented contracts such as universal life, variable annuities, fixed annuities, and fixed index annuities, are reported as deposits to Policyholder contract deposits or Separate account liabilities, as applicable. Revenues from these contracts are recorded in policy fees and consist of policy charges for the cost of insurance, policy administration charges, surrender charges and amortization of unearned revenue reserves (URR). Policy fees are recognized as revenues in the period in which they are assessed against policyholders, unless the fees are designed to compensate AIG for services to be provided in the future. Prior to the adoption of LDTI, effective on January 1, 2021, fees deferred as unearned revenue were amortized in relation to the incidence of estimated gross profits (EGPs) to be realized over the estimated lives of the contracts. After January 1, 2021 fees deferred as unearned revenue are amortized on a constant level basis over the estimated lives of the contracts, consistent with the
Accounting Standards Adopted and Future Application of Accounting Standards	ACCOUNTING STANDARDS ADOPTED DURING 2023 Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, the FASB issued an accounting standard update with the objective of making targeted improvements to the existing recognition, measurement, presentation, and disclosure requirements for long-duration contracts issued by an insurance entity. The Company adopted the standard on January 1, 2023 using the modified retrospective transition method relating to liabilities for traditional and limited payment contracts and deferred policy acquisition costs. The Company also adopted the standard in relation to MRBs on a full retrospective basis. As of the Transition Date, the impact of the adoption of the standard was a net decrease to beginning Accumulated other comprehensive income (loss) (AOCI) of $2.2 billion and a net increase to beginning Retained earnings of $933 million primarily driven by (1) changes related to MRBs in our Individual Retirement and Group Retirement operating segments, including the impact of non-performance risk adjustments which reclassified the portion of the changes in fair value attributable to non-performance risk from Retained earnings to AOCI, (2) changes to the discount rate used to measure the liability for future policy benefits which most significantly impacted our Life Insurance and Institutional Markets operating segments, and (3) the removal of balances recorded in AOCI related to changes in unrealized appreciation (depreciation) on investments. The Condensed Consolidated Financial Statements as of December 31, 2022 and for three and nine months ended September 30, 2022 have been adjusted to reflect the effects of applying the standard. The accounting for the Fortitude Reinsurance Company Ltd. (Fortitude Re) reinsurance assets, including the discount rates, continued to be calculated using the same methodology and assumptions as the direct policies, and therefore have been recalculated on an LDTI basis. The accounting for reinsurance transactions between AIG and Fortitude Re structured as modco remained unchanged. Market risk benefits: The standard requires the measurement of all MRBs (e.g., living benefit and death benefit guarantees associated with variable annuities) associated with deposit (or account balance) contracts at fair value at each reporting period. Changes in fair value compared to prior periods are recorded and presented separately within the income statement, with the exception of our own credit risk changes (non-performance adjustments), which are recognized in Other comprehensive income (loss) (OCI). MRBs impacted both Retained earnings and AOCI upon transition. The accounting for MRBs primarily impacted our Individual Retirement and Group Retirement operating segments. For additional disclosures about MRBs, see Note 13. Discount rate assumption: The standard requires the discount rate assumption for the liability for future policy benefits to be updated at the end of each reporting period using an upper-medium grade (low credit risk) fixed income instrument yield that maximizes the use of observable market inputs. Upon transition, the Company had an adjustment to AOCI due to the fact that the market upper-medium grade (low credit risk) interest rates as of the Transition Date differed from reserve interest accretion rates. Following adoption of the standard, the impact of changes to discount rates are recognized through OCI. Changes resulting from updating the discount rate each reporting period primarily impact term life insurance and other traditional life insurance products, as well as pension risk transfer (PRT) and structured settlement products. For additional information on the discount rate assumption under accounting for Long-Duration Contracts Standard, see Note 12. Removal of balances related to changes in unrealized appreciation (depreciation) on investments: Under the standard, the majority of balances recorded in AOCI related to changes in unrealized appreciation (depreciation) on investments were eliminated. In addition to the above, the standard also: • Requires the review and, if necessary, update of future policy benefit assumptions at least annually for traditional and limited pay long duration contracts, with the recognition and parenthetical presentation of any resulting re-measurement gain or loss in Policyholder benefits and losses incurred (except for discount rate changes as noted above) in the Condensed Consolidated Statements of Income (Loss). For additional information, see Note 12. • Simplifies the amortization of DAC to a constant level basis over the expected term of the related contracts and no longer requires an impairment test. For additional information, see Note 9. • Increases disclosures of disaggregated rollforwards of several balances, including but not limited to liabilities for future policy benefits, deferred acquisition costs, account balances, MRBs, separate account liabilities and information about significant inputs, judgments and methods used in measurement and changes thereto and impact of those changes. The following table presents the impacts in connection with the adoption of LDTI effective as of January 1, 2021 as well as cross references to the applicable notes herein for additional information: Pre-Adoption, Cumulative Effect Updated Balances (in millions) Reinsurance assets - Fortitude Re, net of allowance for credit losses and disputes (a) $ 34,578 $ 7,666 $ 42,244 Reinsurance assets - other, net of allowance for credit losses and disputes (a) 38,963 469 39,432 Deferred income taxes 12,624 339 12,963 Deferred policy acquisition costs (b) 9,805 3,150 12,955 Market risk benefit assets (c) — 338 338 Other assets, net of allowance for credit losses (d) 13,122 398 13,520 Total assets 586,481 12,360 598,841 Future policy benefits for life and accident and health insurance contracts (e) 56,878 10,486 67,364 Policyholder contract deposits (e) 154,470 (6,247) 148,223 Market risk benefit liabilities (c) — 8,739 8,739 Other policyholder funds (f) 3,548 248 3,796 Other liabilities (g) 27,122 398 27,520 Total liabilities 519,282 13,624 532,906 Retained earnings 15,504 933 16,437 Accumulated other comprehensive income (loss) 13,511 (2,197) 11,314 Total AIG Shareholders' equity 66,362 (1,264) 65,098 Total equity 67,199 (1,264) 65,935 Total liabilities and equity 586,481 12,360 598,841 (a) For additional information on the transition impacts associated with LDTI, see Note 8. (b) For additional information on the transition impacts associated with LDTI, see Note 9. (c) For additional information on the transition impacts associated with LDTI, see Note 13. (d) Other assets include deferred sales inducement assets. For additional information on the transition impacts associated with LDTI, see Note 9. (e) For additional information on the transition impacts associated with LDTI, see Note 12. (f) Other policyholder funds include URR. For additional information on the transition impacts associated with LDTI, see Note 12. (g) Other liabilities include deferred cost of reinsurance liabilities. For additional information on the transition impacts associated with LDTI, see Note 8. The following table presents the impacts in connection with the adoption of LDTI effective as of January 1, 2021 on our previously reported Condensed Consolidated Balance Sheets as of December 31, 2022: As Previously Effect of Updated Balances (in millions) Reinsurance assets - Fortitude Re, net of allowance for credit losses and disputes $ 32,159 $ (1,408) $ 30,751 Reinsurance assets - other, net of allowance for credit losses and disputes 39,434 (463) 38,971 Deferred income taxes 15,144 (340) 14,804 Deferred policy acquisition costs 15,518 (2,661) 12,857 Market risk benefit assets — 796 796 Other assets, net of allowance for credit losses 12,714 (330) 12,384 Total assets 526,634 (4,406) 522,228 Future policy benefits for life and accident and health insurance contracts 59,223 (7,309) 51,914 Policyholder contract deposits 158,891 (2,907) 155,984 Market risk benefit liabilities — 4,736 4,736 Other policyholder funds 3,909 (446) 3,463 Other liabilities 26,456 301 26,757 Total liabilities 484,399 (5,625) 478,774 Additional paid-in capital 80,284 (369) 79,915 Retained earnings 33,032 1,861 34,893 Accumulated other comprehensive income (loss) (22,092) (524) (22,616) Total AIG Shareholders' equity 40,002 968 40,970 Non-redeemable noncontrolling interests 2,233 251 2,484 Total equity 42,235 1,219 43,454 Total liabilities and equity 526,634 (4,406) 522,228 The following table presents the impacts in connection with the adoption of LDTI on our previously reported Condensed Consolidated Statements of Income (Loss): Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 As Effect of Updated As Effect of Updated (in millions, except per common share data) Revenues: Premiums $ 7,832 $ (4) $ 7,828 $ 22,458 $ 2 $ 22,460 Policy fees 732 3 735 2,238 (45) 2,193 Total net realized gains (losses) 3,175 (603) 2,572 10,986 (2,203) 8,783 Total revenues 14,602 (604) 13,998 44,851 (2,246) 42,605 Benefits, losses and expenses: Policyholder benefits and losses incurred 6,187 (138) 6,049 16,565 (472) 16,093 Change in the fair value of market risk benefits, net — (435) (435) — (713) (713) Interest credited to policyholder account balances 951 8 959 2,738 11 2,749 Amortization of deferred acquisition costs 1,248 (78) 1,170 3,983 (560) 3,423 General operating and other expenses 2,093 (18) 2,075 6,497 (52) 6,445 Total benefits, losses and expenses 10,755 (661) 10,094 30,848 (1,786) 29,062 Income (loss) from continuing operations before income tax expense (benefit) 3,847 57 3,904 14,003 (460) 13,543 Income tax expense (benefit) 806 11 817 2,913 (97) 2,816 Income (loss) from continuing operations 3,041 46 3,087 11,090 (363) 10,727 Net income (loss) 3,041 46 3,087 11,089 (363) 10,726 Net income (loss) from continuing operations attributable to noncontrolling interests 332 7 339 1,084 (33) 1,051 Net income (loss) attributable to AIG 2,709 39 2,748 10,005 (330) 9,675 Net income (loss) attributable to AIG common shareholders 2,702 39 2,741 9,983 (330) 9,653 Income (loss) per common share attributable to AIG common shareholders: Common stock - Basic 3.54 0.05 3.59 12.64 (0.42) 12.22 Common stock - Diluted 3.50 0.05 3.55 12.49 (0.41) 12.08 The following table presents the impacts in connection with the adoption of LDTI on our previously reported Condensed Consolidated Statements of Comprehensive Income (Loss): Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 As Effect of Updated As Effect of Updated (in millions) Net income $ 3,041 $ 46 $ 3,087 $ 11,089 $ (363) $ 10,726 Other comprehensive income (loss), net of tax Change in unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken (73) (1) (74) (78) (5) (83) Change in unrealized appreciation (depreciation) of all other investments (8,324) (1,180) (9,504) (34,469) (5,958) (40,427) Change in fair value of market risk benefits attributable to changes in our own credit risk — 253 253 — 1,617 1,617 Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts — 1,725 1,725 — 5,885 5,885 Change in foreign currency translation adjustments (591) (130) (721) (877) (185) (1,062) Other comprehensive income (loss) (8,973) 667 (8,306) (35,388) 1,354 (34,034) Comprehensive income (loss) (5,932) 713 (5,219) (24,299) 991 (23,308) Comprehensive income (loss) attributable to noncontrolling interests (464) 86 (378) (1,784) 108 (1,676) Comprehensive income (loss) attributable to AIG (5,468) 627 (4,841) (22,515) 883 (21,632) The following table presents the impacts in connection with the adoption of LDTI on our previously reported Condensed Consolidated Statements of Cash Flows: Nine Months Ended September 30, 2022 As Previously Effect of Updated Balances (in millions) Cash flows from operating activities: Net income $ 11,089 $ (363) $ 10,726 Adjustments to reconcile net income (loss) to net cash provided by operating activities: Noncash revenues, expenses, gains and losses included in income (loss): Unrealized gains in earnings - net (2,738) 2,567 (171) Change in the fair value of market risk benefits in earnings, net — (1,032) (1,032) Depreciation and other amortization 3,918 (597) 3,321 Changes in operating assets and liabilities: Insurance reserves 1,720 (1,286) 434 Premiums and other receivables and payables - net (8,914) (39) (8,953) Reinsurance assets, net 200 1,117 1,317 Capitalization of deferred policy acquisition costs (3,704) (52) (3,756) Current and deferred income taxes - net 2,424 (97) 2,327 Other, net (822) (269) (1,091) Total adjustments (7,072) 312 (6,760) Net cash provided by operating activities 4,018 (51) 3,967 Cash flows from financing activities: Policyholder contract deposits 19,779 52 19,831 Net cash used in financing activities (1,571) 52 (1,519) Troubled Debt Restructuring and Vintage Disclosures In March 2022, the FASB issued an accounting standard update that eliminates the accounting guidance for troubled debt restructurings for creditors and amends the guidance on “vintage disclosures” to require disclosure of current-period gross write-offs by year of origination. The standard also updates the requirements for accounting for credit losses by adding enhanced disclosures for creditors related to loan refinancings and restructurings for borrowers experiencing financial difficulty. The Company adopted the standard prospectively as of January 1, 2023 and the standard did not have a material impact on our reported consolidated financial condition, results of operations, or cash flows. For the updated required disclosures, see Note 7. FUTURE APPLICATION OF ACCOUNTING STANDARDS Fair Value Measurement On June 30, 2022, the FASB issued an accounting standards update to address diversity in practice by clarifying that a contractual sale restriction should not be considered in the measurement of the fair value of an equity security. It also requires entities with investments in equity securities subject to contractual sale restrictions to disclose certain qualitative and quantitative information about such securities. The guidance is effective for public companies for fiscal years beginning after December 15, 2023 and interim periods within those years, with early adoption permitted. For entities other than investment companies, the accounting standards update applies prospectively, with any adjustments resulting from adoption recognized in earnings on the date of adoption. We are assessing the impact of this standard.
Investments	NET REALIZED GAINS AND LOSSES Net realized gains and losses are determined by specific identification. The net realized gains and losses are generated primarily from the following sources: • Sales of available for sale fixed maturity securities, real estate and other alternative investments. • Reductions to the amortized cost basis of available for sale fixed maturity securities that have been written down due to our intent to sell them or it being more likely than not that we will be required to sell them. • Changes in the allowance for credit losses on bonds available for sale, mortgage and other loans receivable, and loans commitments. • Most changes in the fair value of free standing and embedded derivatives, including changes in the non-performance adjustment are included in Net realized gains (losses). However, changes in derivatives designated as hedging instruments when the fair value of the hedged item is not reported in Net realized gains (losses) are excluded from Net realized gains (losses). Additionally, in conjunction with the adoption of LDTI, changes in the fair value of free standing derivatives that hedge certain MRBs are excluded from Net realized gains (losses). • Foreign exchange gains and losses resulting from foreign currency transactions. • Changes in fair value of the embedded derivative related to the Fortitude Re funds withheld assets. We purchase certain RMBS securities that have experienced more-than-insignificant deterioration in credit quality since origination. These are referred to as PCD assets. At the time of purchase an allowance is recognized for these PCD assets by adding it to the purchase price to arrive at the initial amortized cost. There is no credit loss expense recognized upon acquisition of a PCD asset. When determining the initial allowance for credit losses, management considers the historical performance of underlying assets and available market information as well as bond-specific structural considerations, such as credit enhancement and the priority of payment structure of the security. In addition, the process of estimating future cash flows includes, but is not limited to, the following critical inputs: • Current delinquency rates; • Expected default rates and the timing of such defaults; • Loss severity and the timing of any recovery; and • Expected prepayment speeds. Subsequent to the acquisition date, the PCD assets follow the same accounting as other structured securities that are not high credit quality. Secured Financing and Similar Arrangements We enter into secured financing transactions whereby certain securities are sold under agreements to repurchase (repurchase agreements), in which we transfer securities in exchange for cash, with an agreement by us to repurchase the same or substantially similar securities. Our secured financing transactions also include those that involve the transfer of securities to financial institutions in exchange for cash (securities lending agreements). In all of these secured financing transactions, the securities transferred by us (pledged collateral) may be sold or repledged by the counterparties. These agreements are recorded at their contracted amounts plus accrued interest, other than those that are accounted for at fair value. Pledged collateral levels are monitored daily and are generally maintained at an agreed-upon percentage of the fair value of the amounts borrowed during the life of the transactions. In the event of a decline in the fair value of the pledged collateral under these secured financing transactions, we may be required to transfer cash or additional securities as pledged collateral under these agreements. At the termination of the transactions, we and our counterparties are obligated to return the amounts borrowed and the securities transferred, respectively. LOAN MODIFICATIONS The allowance for credit losses incorporates an estimate of lifetime expected credit losses and is recorded on each asset upon asset origination or acquisition. The starting point for the estimate of the allowance for credit losses is historical loss information, which includes losses from modifications of receivables to borrowers experiencing financial difficulty. We use a probability of default/loss given default model to determine the allowance for credit losses for our commercial and residential mortgage loans. An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses utilizing the measurement methodologies used to estimate the allowance, a change to the allowance for credit losses is generally not recorded upon modification. When modifications are executed, they often will be in the form of principal forgiveness, term extensions, interest rate reductions, or some combination of any of these concessions. When principal is forgiven, the amortized cost basis of the asset is written off against the allowance for credit losses. The amount of the principal forgiveness is deemed to be uncollectible; therefore, that portion of the loan is written off, resulting in a reduction of the amortized cost basis and a corresponding adjustment to the allowance for credit losses.
Reinsurance	In the ordinary course of business, our insurance companies purchase both treaty and facultative reinsurance to limit potential losses, provide additional capacity for growth, minimize exposure to significant risks or to facilitate greater diversification of our businesses. In addition, certain of our General Insurance subsidiaries sell reinsurance to other insurance companies. We determine the portion of our ultimate net loss that will be recoverable under our reinsurance contracts by reference to the terms of the reinsurance protection purchased. This determination involves an estimate of incurred but not reported (IBNR) loss. Reinsurance recoverables for contracts which are accounted for as deposits are subject to similar judgments and uncertainties and reported in Other assets. Reinsurance assets include the balances due for paid losses and expenses, reserves for losses and expenses reported and outstanding, reserves for IBNR, ceded unearned premiums and ceded future policy benefits for life and accident and health insurance contracts and benefits paid and unpaid. Amounts related to paid and reserved losses and expenses and benefits with respect to these reinsurance agreements are sometimes collateralized. We remain liable to our policyholders regardless of whether our reinsurers meet their obligations under the reinsurance contracts, and as such, we regularly evaluate the financial condition of our reinsurers and monitor concentration of our credit risk. The estimation of the allowance for unrecoverable reinsurance from reinsurers who are unwilling and/or unable to pay amounts due us requires judgment for which key inputs typically include historical collection rates when amounts due are in dispute or where the reinsurer has suffered a credit event as well as specific reviews of balances in dispute or subject to credit impairment. Changes in the allowance for credit losses and disputes on reinsurance assets are reflected in Policyholder benefits and losses incurred within the Condensed Consolidated Statements of Income (Loss). PRIOR TO THE ADOPTION OF THE TARGETED IMPROVEMENTS TO THE ACCOUNTING FOR LONG-DURATION CONTRACTS STANDARD Assumptions used in estimating reinsurance recoverables related to coinsurance or modco contracts were consistent with those used in estimating the related liabilities and reflected locked-in assumptions, absent a loss recognition event. Amounts recoverable on YRT treaties were recognized when claims were incurred on the reinsured policies. SUBSEQUENT TO THE ADOPTION OF THE TARGETED IMPROVEMENTS TO THE ACCOUNTING FOR LONG-DURATION CONTRACTS STANDARD Reinsurance recoverables are recognized in a manner consistent with the liabilities relating to the underlying reinsured contracts. The reinsurance recoverables for coinsurance and modco contracts, along with amounts recoverable on YRT treaties are determined based on updated net premium ratios, reflecting updated actuarial assumptions using locked-in upper-medium investment instrument yield discount rates with changes recognized as remeasurement gains and losses reported in income. In addition, reinsurance recoverables are remeasured at the balance sheet date using current upper-medium grade discount rates with changes reported in OCI. For reinsurance agreements that reinsure existing, or non-contemporaneous (in-force) traditional and limited payment long- duration insurance contracts, the reinsurance recoverable is measured using the upper-medium grade fixed-income instrument yield discount rate assumption related to the effective date of the reinsurance contract. Therefore, for non-contemporaneous reinsurance agreements executed after January 1, 2021, the locked-in rate to accrete interest into the income statement related to the reinsurance recoverable would be different from the locked-in rate used for accreting interest on the direct reserve for future policy benefits. Certain reinsured guaranteed benefits previously reported as reinsurance recoverables are classified as Market risk benefit assets in the Condensed Consolidated Balance Sheets and are measured at fair value. The following tables present the transition rollforward for Reinsurance assets: (in millions) Individual Life Institutional Total Reinsurance assets - other, net of allowance for credit losses and disputes (a) Pre-adoption, December 31, 2020 $ 309 $ 2,370 $ 28 $ 2,707 Reclassification of Cost of Reinsurance (b) — 416 — 416 Reclassification to Market risk benefits (35) — — (35) Change in cash flow assumptions and effect of net premiums exceeding gross premiums — 9 — 9 Change due to the current upper-medium grade discount rate — 74 5 79 Post-adoption January 1, 2021 $ 274 $ 2,869 $ 33 $ 3,176 (in millions) Total Reinsurance assets - Fortitude Re, net of allowance for credit losses and disputes (c) Pre-adoption, December 31, 2020 $ 29,135 Change in cash flow assumptions and effect of net premiums exceeding gross premiums 55 Change due to the current upper-medium grade discount rate 7,611 Post-adoption January 1, 2021 $ 36,801 (a) Excludes $36.3 billion of Reinsurance assets - other, net of allowance for credit losses and disputes in General Insurance and Other Operations. (b) Cost of reinsurance is reported in Other liabilities in the Condensed consolidated Balance sheets. (c) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. Excludes $5.4 billion of Reinsurance assets - Fortitude Re, net of allowance for credit losses and disputes in General Insurance and Other Operations. The remeasurement of the reinsurance assets using the current upper-medium grade discount rate is offset in AOCI. Fortitude Re is the reinsurer of the majority of AIG’s run-off operations. The reinsurance transactions are structured as modco and loss portfolio transfer arrangements with funds withheld (funds withheld). In modco and funds withheld arrangements, the investments supporting the reinsurance agreements, and which reflect the majority of the consideration that would be paid to the reinsurer for entering into the transaction, are withheld by, and therefore continue to reside on the balance sheet of, the ceding company (i.e., AIG) thereby creating an obligation for the ceding company to pay the reinsurer (i.e., Fortitude Re) at a later date. Additionally, as AIG maintains ownership of these investments, AIG will maintain its existing accounting for these assets (e.g., the changes in fair value of available for sale securities will be recognized within OCI). AIG has established a funds withheld payable to Fortitude Re while simultaneously establishing a reinsurance asset representing reserves for the insurance coverage that Fortitude Re has assumed. The funds withheld payable contains an embedded derivative and changes in fair value of the embedded derivative related to the funds withheld payable are recognized in earnings through Net realized gains (losses). This embedded derivative is considered a total return swap with contractual returns that are attributable to various assets and liabilities associated with these reinsurance agreements. As of September 30, 2023, approximately $25.9 billion of reserves from our Life and Retirement Run-Off Lines and approximately $3.0 billion of reserves from our General Insurance Run-Off Lines related to business written by multiple wholly-owned AIG subsidiaries, had been ceded to Fortitude Re under these reinsurance transactions. There is a diverse pool of assets supporting the funds withheld arrangements with Fortitude Re. The following summarizes the composition of the pool of assets: September 30, 2023 December 31, 2022 (in millions) Carrying Fair Carrying Fair Corresponding Accounting Policy Fixed maturity securities - available for sale (a) $ 15,955 $ 15,955 $ 18,821 $ 18,821 Fair value through other comprehensive income (loss) Fixed maturity securities - fair value option 4,418 4,418 4,182 4,182 Fair value through net investment income Commercial mortgage loans 4,129 3,822 4,107 3,837 Amortized cost Real estate investments 122 295 133 348 Amortized cost Private equity funds / hedge funds 1,856 1,856 1,893 1,893 Fair value through net investment income Policy loans 335 335 355 355 Amortized cost Short-term investments 152 152 75 75 Fair value through net investment income Funds withheld investment assets 26,967 26,833 29,566 29,511 Derivative assets, net (b) 2 2 90 90 Fair value through net realized gains (losses) Other (c) 856 856 782 782 Amortized cost Total $ 27,825 $ 27,691 $ 30,438 $ 30,383 (a) The change in the net unrealized gains (losses) on available for sale securities related to the Fortitude Re funds withheld assets was $(740) million ($(585) million after-tax) and $(7.7) billion ($(6.1) billion after-tax), respectively for the nine months ended September 30, 2023 and 2022. (b) The derivative assets and liabilities have been presented net of cash collateral. The derivative assets and liabilities supporting the Fortitude Re funds withheld arrangements had a fair market value of $18 million and $27 million, respectively, as of September 30, 2023. The derivative assets and liabilities supporting the Fortitude Re funds withheld arrangements had a fair market value of $192 million and $28 million, respectively, as of December 31, 2022. These derivative assets and liabilities are fully collateralized either by cash or securities. (c) Primarily comprised of Cash and Accrued investment income. REINSURANCE – CREDIT LOSSES The estimation of reinsurance recoverables involves a significant amount of judgment, particularly for latent exposures, such as asbestos, due to their long-tail nature. We assess the collectability of reinsurance recoverable balances in each reporting period, through either historical trends of disputes and credit events or financial analysis of the credit quality of the reinsurer. We record adjustments to reflect the results of these assessments through an allowance for credit losses and disputes on uncollectible reinsurance that reduces the carrying amount of reinsurance and other assets on the consolidated balance sheets (collectively, reinsurance recoverables). This estimate requires significant judgment for which key considerations include: • paid and unpaid amounts recoverable; • whether the balance is in dispute or subject to legal collection; • the relative financial health of the reinsurer as classified by the Obligor Risk Ratings (ORRs) we assign to each reinsurer based upon our financial reviews; reinsurers that are financially troubled (i.e., in run-off, have voluntarily or involuntarily been placed in receivership, are insolvent, are in the process of liquidation or otherwise subject to formal or informal regulatory restriction) are assigned ORRs that will generate a significant allowance; and • whether collateral and collateral arrangements exist. An estimate of the reinsurance recoverable's lifetime expected credit losses is established utilizing a probability of default and loss given default method, which reflects the reinsurer’s ORR. The allowance for credit losses excludes disputed amounts. An allowance for disputes is established for a reinsurance recoverable using the losses incurred model for contingencies.
Credit Losses	REINSURANCE – CREDIT LOSSES The estimation of reinsurance recoverables involves a significant amount of judgment, particularly for latent exposures, such as asbestos, due to their long-tail nature. We assess the collectability of reinsurance recoverable balances in each reporting period, through either historical trends of disputes and credit events or financial analysis of the credit quality of the reinsurer. We record adjustments to reflect the results of these assessments through an allowance for credit losses and disputes on uncollectible reinsurance that reduces the carrying amount of reinsurance and other assets on the consolidated balance sheets (collectively, reinsurance recoverables). This estimate requires significant judgment for which key considerations include: • paid and unpaid amounts recoverable; • whether the balance is in dispute or subject to legal collection; • the relative financial health of the reinsurer as classified by the Obligor Risk Ratings (ORRs) we assign to each reinsurer based upon our financial reviews; reinsurers that are financially troubled (i.e., in run-off, have voluntarily or involuntarily been placed in receivership, are insolvent, are in the process of liquidation or otherwise subject to formal or informal regulatory restriction) are assigned ORRs that will generate a significant allowance; and • whether collateral and collateral arrangements exist. An estimate of the reinsurance recoverable's lifetime expected credit losses is established utilizing a probability of default and loss given default method, which reflects the reinsurer’s ORR. The allowance for credit losses excludes disputed amounts. An allowance for disputes is established for a reinsurance recoverable using the losses incurred model for contingencies.
Liability for Unpaid Losses and Loss Adjustment Expenses (Loss Reserves)	Loss reserves represent the accumulation of estimates of unpaid claims, including estimates for claims incurred but not reported and loss adjustment expenses, less applicable discount. We regularly review and update the methods used to determine loss reserve estimates. Any adjustments resulting from this review are reflected currently in pre-tax income, except to the extent such adjustment impacts a deferred gain under a retroactive reinsurance agreement, in which case the ceded portion would be amortized into pre-tax income in subsequent periods. Because these estimates are subject to the outcome of future events, changes in estimates are common given that loss trends vary and time is often required for changes in trends to be recognized and confirmed. Reserve changes that increase previous estimates of ultimate cost are referred to as unfavorable or adverse development or reserve strengthening. Reserve changes that decrease previous estimates of ultimate cost are referred to as favorable development or reserve releases.
Deferred Policy Acquisition Costs	DAC represent those costs that are incremental and directly related to the successful acquisition of new or renewal of existing insurance contracts. We defer incremental costs that result directly from, and are essential to, the acquisition or renewal of an insurance contract. Such DAC generally include agent or broker commissions and bonuses, premium taxes, and medical and inspection fees that would not have been incurred if the insurance contract had not been acquired or renewed. Each cost is analyzed to assess whether it is fully deferrable. We partially defer costs, including certain commissions, when we do not believe that the entire cost is directly related to the acquisition or renewal of insurance contracts. Commissions that are not deferred to DAC are recorded in General operating and other expenses in the Condensed Consolidated Statements of Income (Loss). We also defer a portion of employee total compensation and payroll-related fringe benefits directly related to time spent performing specific acquisition or renewal activities, including costs associated with the time spent on underwriting, policy issuance and processing, and sales force contract selling. The amounts deferred are derived based on successful efforts for each distribution channel and/or cost center from which the cost originates. Short-duration insurance contracts: Policy acquisition costs are deferred and amortized over the period in which the related premiums written are earned, generally 12 months. DAC is grouped consistent with the manner in which the insurance contracts are acquired, serviced and measured for profitability and is reviewed for recoverability based on the profitability of the underlying insurance contracts. Investment income is anticipated in assessing the recoverability of DAC. We assess the recoverability of DAC on an annual basis or more frequently if circumstances indicate an impairment may have occurred. This assessment is performed by comparing recorded net unearned premiums and anticipated investment income on in-force business to the sum of expected losses and loss adjustment expenses incurred, unamortized DAC and maintenance costs. If the sum of these costs exceeds the amount of recorded net unearned premiums and anticipated investment income, the excess is recognized as an offset against the asset established for DAC. This offset is referred to as a premium deficiency charge. Increases in expected losses and loss adjustment expenses incurred can have a significant impact on the likelihood and amount of a premium deficiency charge. PRIOR TO THE ADOPTION OF THE TARGETED IMPROVEMENTS TO THE ACCOUNTING FOR LONG-DURATION CONTRACTS STANDARD Long-duration insurance contracts: Policy acquisition costs for participating life, traditional life and accident and health insurance products were generally deferred and amortized, with interest, over the premium paying period. The assumptions used to calculate the benefit liabilities and DAC for these traditional products were set when a policy was issued and did not change with changes in actual experience, unless a loss recognition event occurred. These “locked-in” assumptions included mortality, morbidity, persistency, maintenance expenses and investment returns, and included margins for adverse deviation to reflect uncertainty given that actual experience might deviate from these assumptions. A loss recognition event occurred when there was a shortfall between the carrying amount of future policy benefit liabilities, net of DAC, and what the future policy benefit liabilities, net of DAC, would be when applying updated current assumptions. When we determined a loss recognition event had occurred, we first reduced any DAC related to that block of business through amortization of acquisition expense, and after DAC was depleted, we recorded additional liabilities through a charge to Policyholder benefits and losses incurred. Groupings for loss recognition testing were consistent with our manner of acquiring, servicing and measuring the profitability of the business and applied by product groupings. We performed separate loss recognition tests for traditional life products, payout annuities and long-term care products. Our policy was to perform loss recognition testing net of reinsurance. Once loss recognition had been recorded for a block of business, the old assumption set was replaced, and the assumption set used for the loss recognition would then be subject to the lock-in principle. Investment-oriented contracts: Certain policy acquisition costs and policy issuance costs related to investment-oriented contracts, for example universal life, variable and fixed annuities, and fixed index annuities, were deferred and amortized, with interest, in relation to the incidence of EGPs to be realized over the estimated lives of the contracts. EGPs were affected by a number of factors, including levels of current and expected interest rates, net investment income and spreads, net realized gains and losses, fees, surrender rates, mortality experience, policyholder behavior experience and equity market returns and volatility. In each reporting period, current period amortization expense was adjusted to reflect actual gross profits. If the assumptions used for estimating gross profit changed significantly, DAC was recalculated using the new assumptions, including actuarial assumptions such as mortality, lapse, benefit utilization, and premium persistency, and any resulting adjustment was included in income. If the new assumptions indicated that future EGPs were higher than previously estimated, DAC was increased resulting in a decrease in amortization expense and increase in income in the current period; if future EGPs were lower than previously estimated, DAC was decreased resulting in an increase in amortization expense and decrease in income in the current period. Updating such assumptions may result in acceleration of amortization in some products and deceleration of amortization in other products. DAC was grouped consistent with the manner in which the insurance contracts were acquired, serviced and measured for profitability and was reviewed for recoverability based on the current and projected future profitability of the underlying insurance contracts. To estimate future EGPs for variable life and annuity products, a long-term annual asset growth assumption was applied to determine the future growth in assets and related asset-based fees. In determining the asset growth rate, the effect of short-term fluctuations in the equity markets was partially mitigated through the use of a “reversion to the mean” methodology for variable annuities, whereby short-term asset growth above or below long-term annual rate assumptions impacted the growth assumption applied to the five-year period subsequent to the current balance sheet date. The reversion to the mean methodology allowed us to maintain our long-term growth assumptions, while also giving consideration to the effect of actual investment performance. When actual performance significantly deviated from the annual long-term growth assumption, as evidenced by growth assumptions in the five-year reversion to the mean period falling below a certain rate (floor) or rising above a certain rate (cap) for a sustained period, judgment was applied to revise or “unlock” the growth rate assumptions to be used for both the five-year reversion to the mean period as well as the long-term annual growth assumption applied to subsequent periods. Unrealized Appreciation (Depreciation) of Investments: DAC related to investment-oriented contracts was also adjusted to reflect the effect of unrealized gains or losses on fixed maturity securities available for sale on EGPs, with related changes recognized through OCI. The adjustment was made at each balance sheet date, as if the securities had been sold at their stated aggregate fair value and the proceeds reinvested at current yields. Similarly, for long-duration traditional insurance contracts, if the assets supporting the liabilities were in a net unrealized gain position at the balance sheet date, loss recognition testing assumptions were updated to exclude such gains from future cash flows by reflecting the impact of reinvestment rates on future yields. If a future loss was anticipated under this basis, any additional shortfall indicated by loss recognition tests was recognized as a reduction in OCI. Similar to other loss recognition on long-duration insurance contracts, such shortfall is first reflected as a reduction in DAC and secondly as an increase in liabilities for Future policy benefits. The change in these adjustments, net of tax, was included with the change in net unrealized appreciation of investments that is credited or charged directly to OCI. SUBSEQUENT TO THE ADOPTION OF THE TARGETED IMPROVEMENTS TO THE ACCOUNTING FOR LONG-DURATION CONTRACTS STANDARD DAC for all long-duration contracts, except for those with limited to no exposure to policyholder behavior risk, (i.e., certain investment contracts), is grouped and amortized on a constant level basis (i.e., approximating straight line amortization with adjustments for expected terminations) over the expected term of the related contracts using assumptions consistent with those used in estimating the related liability for future policy benefits, or any other related balances, for those corresponding contracts, as applicable. Capitalized expenses are only included in DAC amortization as expenses are incurred. For amortization purposes, contracts are grouped into annual cohorts by issue year and product and to segregate reinsured and non-reinsured contracts. For life insurance contracts, amortization is based on insurance in-force, while initial deposits are used for deferred annuity contracts, structured settlements and pension risk transfer products. Changes in future assumptions (e.g., expected duration of contracts or amount of coverage expected to be in force) are applied by adjusting the amortization rate prospectively. The Company has elected to implicitly account for actual experience, whether favorable or unfavorable, in its amortization expense each period. DAC is capped at the amount of expenses capitalized as the DAC balance does not accrue interest. DAC is not subject to recoverability testing. Value of Business Acquired (VOBA) is determined at the time of acquisition and is reported in the Condensed Consolidated Balance Sheets with DAC. This value is based on the present value of future pre-tax profits discounted at yields applicable at the time of purchase. VOBA is amortized, consistent with DAC, i.e., over the life of the business on a constant level basis. Internal Replacements of Long-duration and Investment-oriented Products: the accounting of internal replacements has generally not been impacted by the adoption of LDTI. The following table presents the transition rollforward for DAC*: Individual Group Life Institutional Total (in millions) Pre-adoption December 31, 2020 DAC balance $ 2,359 $ 560 $ 4,371 $ 26 $ 7,316 Adjustments for the removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses) 2,062 534 547 7 3,150 Post-adoption January 1, 2021 DAC balance $ 4,421 $ 1,094 $ 4,918 $ 33 $ 10,466 * Excludes $2.5 billion of DAC in General Insurance. Prior to the adoption of LDTI, DAC for investment-oriented products included the effect of unrealized gains or losses on fixed maturity securities classified as available for sale. At the Transition Date, these adjustments were removed with a corresponding offset in AOCI. As the available for sale portfolio was in an unrealized gain position as of the Transition Date, the adjustment for removal of related balances in AOCI originating from unrealized gains (losses) balances was reducing DAC.
Tax Accounting Policies	TAX ACCOUNTING POLICIES We use an item-by-item approach to release the stranded or disproportionate income tax effects in AOCI related to our available-for-sale securities. Under this approach, a portion of the disproportionate tax effects is assigned to each individual security lot at the date the amount becomes lodged. When the individual securities are sold, mature, or are otherwise impaired on an other-than-temporary basis, the assigned portion of the disproportionate tax effect is reclassified from AOCI to income (loss) from continuing operations. We consider our foreign earnings with respect to certain operations in Canada, South Africa, Japan, Latin America, Bermuda as well as the European, Asia Pacific and Middle East regions to be indefinitely reinvested. These earnings relate to ongoing operations and have been reinvested in active business operations. A deferred tax liability has not been recorded for those foreign subsidiaries whose earnings are considered to be indefinitely reinvested. If recorded, such deferred tax liability would not be material to our consolidated financial condition. Deferred taxes, if necessary, have been provided on earnings of non-U.S. affiliates whose earnings are not indefinitely reinvested. Global Intangible Low-Taxed Income (GILTI) imposes U.S. taxes on the excess of a deemed return on tangible assets of certain foreign subsidiaries. Consistent with accounting guidance, we have made an accounting policy election to treat GILTI taxes as a period tax charge in the period the tax is incurred. ASSESSMENT OF DEFERRED TAX ASSET VALUATION ALLOWANCE The evaluation of the recoverability of our deferred tax asset and the need for a valuation allowance requires us to weigh all positive and negative evidence to reach a conclusion that it is more likely than not that all or some portion of the deferred tax asset will not be realized. The weight given to the evidence is commensurate with the extent to which it can be objectively verified. The more negative evidence that exists, the more positive evidence is necessary and the more difficult it is to support a conclusion that a valuation allowance is not needed. Recent events, including changes in target interest rates by the Board of Governors of the Federal Reserve System, and significant market volatility, continue to impact actual and projected results of our business operations as well as our views on potential effectiveness of certain prudent and feasible tax planning strategies. In order to demonstrate the predictability and sufficiency of future taxable income necessary to support the realizability of the net operating losses and foreign tax credit carryforwards, we have considered forecasts of future income for each of our businesses, including assumptions about future macroeconomic and AIG-specific conditions and events, and any impact these conditions and events may have on our prudent and feasible tax planning strategies. We also subjected the forecasts to a variety of stresses of key assumptions and evaluated the effect on tax attribute utilization. The carryforward period of our foreign tax credit carryforwards runs through 2023. Carryforward periods for our net operating losses extend from 2028 forward. However, utilization of a portion of our net operating losses is limited under separate return limitation year rules.
Market Risk Benefit	MRBs are defined as contracts or contract features that both provide protection to the contract holder from other-than-nominal capital market risk and expose AIG to other-than nominal capital market risk. The MRB represents an amount that a policyholder receives in addition to the account balance upon the occurrence of a specific event or circumstance, such as death, annuitization, or periodic withdrawal that involves protection from other-than-nominal capital market risk. Certain contract features, such as GMWBs, GMDBs and guaranteed minimum income benefits (GMIBs) commonly found in variable, fixed index and fixed annuities, are MRBs. MRBs are assessed at contract inception using a non-option method involving attributed fees that results in an initial fair value of zero or an option method that results in a fair value greater than zero. MRBs are recorded at fair value, and AIG applies a non-option attributed fee valuation method for variable annuity products, and an option-based valuation method (host offset) for both fixed index and fixed products. Under the non-option valuation method, the attributed fee is determined at contract inception; it cannot exceed the total contract fees and assessments collectible from the contract holder and cannot be less than zero. Investment margin is excluded from the attributed fee determination. Under the option-based valuation method, an offset to the host amount related to the MRB amount is established at inception. Changes in the fair value of MRBs are recorded in net income in Changes in the fair value of market risk benefits, net except for the portion of the fair value change attributable to our own credit risk, which is recognized in OCI. MRBs are derecognized when the underlying contract is surrendered, a GMDB is incurred, a GMIB is annuitized, or when the account value is exhausted on a policy with a GMWB. Generally when a policyholder elects to annuitize a GMIB rider or the account value on a policy with a GMWB rider is reduced to zero, the policy is converted to a payout annuity automatically. When a conversion occurs, the policyholder is issued a new payout annuity contract. At this point, the MRB is derecognized and a LFPB is established for the payout annuity. Assumptions used to determine the MRB asset (including ceded MRBs) or liability generally include mortality rates that are based upon actual experience modified to allow for variations in policy form; lapse rates that are based upon actual experience modified to allow for variations in policy features; and investment returns, based on stochastically generated scenarios. We evaluate at least annually estimates used to determine the MRB asset or liability and adjust the balance, with a related charge or credit to Change in fair value of MRBs, net, if actual experience or other evidence suggests that earlier assumptions should be revised. In addition, MRBs are valued such that the current provision for nonperformance risk is reflected in the claims cash flows of the asset or liability valuation for direct MRBs. The nonperformance risk spread at contract issue is locked-in. The difference between the MRB valued using the at issue nonperformance risk spread and the current nonperformance risk spread is reported through OCI, while changes in the counterparty credit risk related to ceded MRBs are reported in income. Changes in the fair value of MRBs, net represents changes in the fair value of market risk benefit liabilities and assets (with the exception of our own credit risk changes), and includes attributed rider fees and benefits, net of changes in the fair value of derivative instruments and fixed maturity securities that are used to economically hedge market risk from the variable annuity GMWB riders. The following table presents the transition rollforward of MRBs: Individual Group Total (in millions) Pre-adoption December 31, 2020 carrying amount for features now classified as MRBs $ — $ — $ — Adjustment for the reclassification of the embedded derivative liability from policyholder contract deposits, net of the host adjustment(s) (a) 5,671 576 6,247 Adjustment for the reclassification of additional liabilities from Future policy benefits (b) 1,388 221 1,609 Adjustments for the cumulative effect of the changes to our own credit risk between the original contract issuance date and the Transition Date (c) 2,140 187 2,327 Adjustment for the removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses) (d) (516) (89) (605) Adjustment for the remaining difference (exclusive of our own credit risk change and host contract adjustments) between previous carrying amount and fair value measurement for the MRB (e) (1,084) (93) (1,177) Post-adoption January 1, 2021 carrying amount for features now classified as MRBs $ 7,599 $ 802 $ 8,401 (a) Adjustments for the reclassification from Policyholder contract deposits represents certain contract guarantees (e.g., GMWBs) that were previously classified as embedded derivatives, but have been reclassified as MRBs as of January 1, 2021, and the related host impact. The impact on Retained earnings or AOCI resulting from the simultaneous remeasurement of the guarantee as a market risk benefit is reflected in the lines below. (b) Adjustments for the reclassification from Future policy benefits represents contract guarantees (e.g., GMDBs) that were previously classified as insurance liabilities within Future policy benefits, but have been reclassified as MRBs as of January 1, 2021. The impact on Retained earnings or AOCI resulting from the simultaneous remeasurement of the guarantee as a market risk benefit is reflected in the lines below. (c) Adjustments for the cumulative effect of the changes to our own credit risk between the original contract issuance date and the Transition Date are recognized in AOCI. (d) Adjustment for the removal of related balances in AOCI originating from unrealized gains (losses) with an offset to AOCI relate to the additional liabilities reclassified from Future policy benefits in the line above. (e) Adjustment for the remaining difference represents the measurement of MRBs at fair value, excluding the impact of our own credit risk with an offset to Retained earnings.
Separate Account Assets and Liabilities	We report variable contracts within the separate accounts when investment income and investment gains and losses accrue directly to, and investment risk is borne by, the contract holder and the separate account meets additional accounting criteria to qualify for separate account treatment. The assets supporting the variable portion of variable annuity and variable universal life contracts that qualify for separate account treatment are carried at fair value and are reported as separate account assets, with an equivalent summary total reported as separate account liabilities. The assets of separate accounts are legally segregated and are not subject to claims that arise from any of our other businesses. Policy values for variable products and investment contracts are expressed in terms of investment units. Each unit is linked to an asset portfolio. The value of a unit increases or decreases based on the value of the linked asset portfolio. The current liability at any time is the sum of the current unit value of all investment units in the separate accounts, plus any liabilities for MRBs.
Variable Interest Entity	We enter into various arrangements with Variable Interest Entities (VIEs) in the normal course of business and consolidate the VIEs when we determine we are the primary beneficiary. This analysis includes a review of the VIE’s capital structure, related contractual relationships and terms, nature of the VIE’s operations and purpose, nature of the VIE’s interests issued and our involvement with the entity. When assessing the need to consolidate a VIE, we evaluate the design of the VIE as well as the related risks to which the entity was designed to expose the variable interest holders. The primary beneficiary is the entity that has both (i) the power to direct the activities of the VIE that most significantly affect the entity’s economic performance and (ii) the obligation to absorb losses or the right to receive benefits that could be potentially significant to the VIE. While also considering these factors, the consolidation conclusion depends on the breadth of our decision-making ability and our ability to influence activities that significantly affect the economic performance of the VIE.
Derivatives and Hedge Accounting	We use derivatives and other financial instruments as part of our financial risk management programs and as part of our investment operations. Interest rate derivatives (such as interest rate swaps) are used to manage interest rate risk associated with embedded derivatives contained in insurance contract liabilities, fixed maturity securities, outstanding medium- and long-term notes as well as other interest rate sensitive assets and liabilities. Foreign exchange derivatives (principally foreign exchange forwards and swaps) are used to economically mitigate risk associated with non-U.S. dollar denominated debt, net capital exposures, foreign currency transactions, and foreign denominated investments. Equity derivatives are used to economically mitigate financial risk associated with embedded derivatives and MRBs in certain insurance liabilities. We use credit derivatives to manage our credit exposures. Commodity derivatives are used to hedge exposures within reinsurance contracts. The derivatives are effective economic hedges of the exposures that they are meant to offset. In addition to hedging activities, we also enter into derivative contracts with respect to investment operations, which may include, among other things, credit default swaps (CDSs), total return swaps and purchases of investments with embedded derivatives, such as equity-linked notes and convertible bonds.
Future Policy Benefits for Life and Accident and Health Insurance Contracts and Policyholder Contract Deposits	FUTURE POLICY BENEFITS Future policy benefits primarily include reserves for traditional life and annuity payout contracts, which represent an estimate of the present value of future benefits less the present value of future net premiums. Included in Future policy benefits are liabilities for annuities issued in structured settlement arrangements whereby a claimant receives life contingent payments over their lifetime. Also included are pension risk transfer arrangements whereby an upfront premium is received in exchange for guaranteed retirement benefits. All payments under these arrangements are fixed and determinable with respect to their amounts and dates. Prior to the adoption of the Targeted Improvements to the Accounting for Long-Duration Contracts Standard Future policy benefits for traditional and limited pay contracts were reserved using actuarial assumptions locked-in at contract issuance. These assumptions were only updated when a loss recognition event occurred. Also included in Future policy benefits were reserves for contracts in loss recognition, including the adjustment to reflect the effect of unrealized gains on fixed maturity securities available for sale with related changes recognized through OCI. Future policy benefits also included certain guaranteed benefits of annuity products that were not considered embedded derivatives. Subsequent to the adoption of the Targeted Improvements to the Accounting for Long-Duration Contracts Standard For traditional and limited pay long-duration products, benefit reserves are accrued and benefit expense is recognized using a NPR methodology for each annual cohort of business. This NPR method incorporates periodic retrospective revisions to the NPR to reflect updated actuarial assumptions and variances in actual versus expected experience. The Future policy benefit liability is accrued by multiplying the gross premium recognized in each period by the net premium ratio. The net premium is equal to the portion of the gross premium required to provide for all benefits and certain expenses and may not exceed 100 percent. Benefits in excess of premiums are expensed immediately through Policyholder benefits. In addition, periodic revisions to the NPR below 100 percent may result in reclassification between the benefit reserves and deferred profit liability for limited pay contracts. Insurance contracts are aggregated into annual cohorts for the purposes of determining the liability for future policy benefits (LFPB), but are not aggregated across segments. These annual cohorts may be further segregated based on product characteristics, or to distinguish business reinsured from non-reinsured business or products issued in different functional currencies. The assumptions used to calculate the future policy benefits include discount rates, persistency and recognized morbidity and mortality tables modified to reflect the Company's experience. The current discount rate assumption for the liability for future policy benefits is derived from market observable yields on upper-medium-grade fixed income instruments. The Company uses an external index as the source of the yields on these instruments for the first 30 years. For years 30 to 50, the yield is derived using market observable yields. Yields for years 50 to 100 are extrapolated using a flat forward approach, maintaining a constant forward spread through the period. The current discount rate assumption is updated quarterly and used to remeasure the liability at the reporting date, with the resulting change in the discount rate reflected in OCI. The method for constructing and applying the locked-in discount rate assumptions on newly issued business is determined based on factors such as product characteristics and the expected timing of cash flows. This discount rate assumption is derived from market observable yields on upper-medium-grade fixed income instruments. Similar to the current discount rate assumption, the Company may employ conversion and interpolation methodologies when necessary. The applicable interest accretion is reflected in Policyholder benefits and losses incurred in the Condensed Consolidated Statements of Income (Loss). The following table presents the transition rollforward of the liability for future policy benefits for nonparticipating contracts (a) : Individual Group Life Institutional Other (b) Total (in millions) Pre-adoption December 31, 2020 liability for future policy benefits balance $ 1,309 $ 282 $ 11,129 $ 11,029 $ 22,206 $ 45,955 Adjustments for the reclassification to the deferred profit liability (65) (8) — (766) (859) (1,698) Change in cash flow assumptions and effect of net premiums exceeding gross premiums (14) 2 15 4 55 62 Effect of the remeasurement of the liability at a current single A rate 156 63 2,977 1,655 7,611 12,462 Adjustment for the removal of loss recognition balances related to unrealized gain or loss on securities (64) (60) 4 (292) — (412) Post-adoption January 1, 2021 liability for future policy benefits balance $ 1,322 $ 279 $ 14,125 $ 11,630 $ 29,013 $ 56,369 (a) Excludes future policy benefits for participating contracts, DPL, additional liabilities, Accident and Health, Group Benefits and Other Operations representing $11.0 billion of liability for future policy benefits. See transition tables below for DPL and additional liabilities. (b) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. Adjustments for the reclassification between the liability for future policy benefits and deferred profit liability represent changes in the net premium ratios that are less than 100 percent at transition for certain limited pay cohorts, resulting in a reclassification between the two liabilities, with no impact on Retained earnings. Adjustments for Changes in cash flow assumptions represents revised net premium ratios in excess of 100 percent for certain cohorts at transition, with an offset to Retained earnings. The effect of the remeasurement at the current single A rate is reported at the Transition Date and each subsequent balance sheet date, with an offset in AOCI. Prior to adoption, loss recognition for traditional products was adjusted for the effect of unrealized gains on fixed maturity securities available for sale. At the Transition Date, these adjustments were removed with a corresponding offset in AOCI. Actuarial Assumption Updates for Liability for Future Policy Benefits In 2023, the life insurance companies recognized an unfavorable impact to net income due to other refinements on Life products offset in part by mortality assumption updates. In 2022, the life insurance companies recognized a favorable impact to net income (mostly offset by corresponding DPL adjustment) due to updates to mortality and retirement assumptions on certain pension risk transfer products. Deferred Profit Liability: The Company issues certain annuity and life insurance contracts where premiums are paid up-front or for a shorter period than benefits will be paid (i.e., limited pay contracts). A DPL is required to be established to avoid recognition of gains when these contracts are issued. DPLs are amortized over the life of the contracts to align the revenue recognized with the related benefit expenses. The DPL is amortized in a constant relationship to the amount of discounted insurance in force for life insurance or expected future benefit payments for annuity contracts over the term of the contract. Prior to the adoption of the Targeted Improvements to the Accounting for Long-Duration Contracts Standard Limited pay contracts were subject to a lock-in concept and assumptions derived at policy issue were not subsequently updated unless a loss recognition event occurred. The net premiums were recorded as revenue. The difference between the gross premium received and the net premium was deferred and recognized in premiums in a constant relationship to insurance in-force, or for annuities, the amount of expected future policy benefits. This unearned revenue (deferred profit) was recorded in the Condensed Consolidated Balance Sheets in Other policyholder funds. Subsequent to the adoption of the Targeted Improvements to the Accounting for Long-Duration Contracts Standard The difference between the gross premium received and recorded as revenue and the net premium is deferred and recognized in policyholder benefits in a constant relationship to insurance in-force, or for annuities, the amount of expected future policy benefits. This deferred profit liability accretes interest and is recorded in the Condensed Consolidated Balance Sheets in Future policy benefits. Cash flow assumptions included in the measurement of the DPL are the same as those utilized in the respective LFPBs and are reviewed at least annually. The cash flow estimates for DPLs are updated on a retrospective catch-up basis at the same time as the cash flow estimates for the related LFPBs. The updated LFPB cash flows are used to recalculate the DPL at the inception of the applicable related LFPB cohort. The difference between the recalculated DPL at the beginning of the current reporting period and the carrying amount of the DPL at the current reporting period is recognized as a gain or loss in Policyholder benefits and losses incurred in the Condensed Consolidated Statements of Income (Loss). The following table presents the transition rollforward for deferred profit liability for long-duration contracts*: Individual Group Life Institutional Other* Total (in millions) Pre-adoption December 31, 2020 deferred profit liability balance $ 2 $ — $ 5 $ 64 $ — $ 71 Adjustments for the reclassification from/(to) the liability for the future policy benefits 65 8 — 766 859 1,698 Post-adoption January 1, 2021 deferred profit liability balance $ 67 $ 8 $ 5 $ 830 $ 859 $ 1,769 * Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. Adjustments for the reclassification between the liability for future policy benefits and deferred profit liability represent changes in the net premium ratios that are less than 100 percent at transition for certain limited pay cohorts, resulting in a reclassification between the two liabilities, with no impact on Retained earnings. Additional Liabilities: For universal-life type products, insurance benefits in excess of the account balance are generally recognized as expenses in the period incurred unless the design of the product is such that future charges are insufficient to cover the benefits, in which case an “additional liability” is accrued over the life of the contract. These additional liabilities are included in Future policy benefits for life and accident and health insurance contracts in the Condensed Consolidated Balance Sheets. Prior to the adoption of the standard, our additional liabilities consisted primarily of guaranteed minimum death benefits (GMDBs) on annuities, as well as universal-life contracts with secondary guarantees. Subsequent to the adoption of this standard, the GMDBs have been reclassified and reported as MRBs, while the universal-life contracts with secondary guarantees continue to be reported as additional liabilities. The following table presents the transition rollforward of the additional liabilities: Individual Group Life Institutional Other (c) Total (in millions) Pre-adoption December 31, 2020 additional liabilities $ 1,423 $ 221 $ 5,117 $ — $ 55 $ 6,816 Adjustment for the reclassification of additional liabilities from Future policy benefits to Market risk benefits (a) (907) (132) — — — (1,039) Adjustment for removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses) (b) (516) (89) — — — (605) Post-adoption January 1, 2021 additional liabilities $ — $ — $ 5,117 $ — $ 55 $ 5,172 (a) Adjustments for the reclassification of additional liabilities from Future policy benefits to MRBs represent contract guarantees (e.g., GMDBs) that were previously classified as insurance liabilities within Future policy benefits, but have been reclassified as MRBs as of January 1, 2021. For additional information on the transition impacts associated with LDTI, see Note 14. (b) Adjustments for the removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses) relate to the additional liabilities reclassified from Future policy benefits in the line above. (c) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. POLICYHOLDER CONTRACT The liability for Policyholder contract deposits is primarily recorded at accumulated value (deposits received and net transfers from separate accounts, plus accrued interest credited, less withdrawals and assessed fees). Deposits collected on investment-oriented products are not reflected as revenues. They are recorded directly to Policyholder contract deposits upon receipt. Amounts assessed against the contract holders for mortality, administrative, and other services are included as Policy fees in revenues. In addition to liabilities for universal life, fixed annuities, fixed options within variable annuities, annuities without life contingencies, funding agreements and GICs, policyholder contract deposits also include our liability for (i) index features accounted for as embedded derivatives at fair value, (ii) annuities issued in a structured settlement arrangement with no life contingency and (iii) certain contracts we have elected to account for at fair value. Changes in the fair value of the embedded derivatives related to policy index features and the fair value of derivatives hedging these liabilities are recognized in realized gains and losses. For additional information on index credits accounted for as embedded derivatives, see Note 5. Under a funding agreement-backed notes issuance program, an unaffiliated, non-consolidated statutory trust issues medium-term notes to investors, which are secured by funding agreements issued to the trust by one of our Life and Retirement companies through our Institutional Markets business. The following table presents the transition rollforward of Policyholder contract deposits account balances (a) : Individual Group Life Institutional Other (b) Total (in millions) Pre-adoption December 31, 2020 Policyholder contract deposits $ 84,874 $ 43,805 $ 10,286 $ 11,559 $ 4,145 $ 154,669 Adjustment for the reclassification of the embedded derivative liability to market risk benefits, net of the host adjustment(s) (5,671) (576) — — — (6,247) Post-adoption January 1, 2021 Policyholder contract deposits $ 79,203 $ 43,229 $ 10,286 $ 11,559 $ 4,145 $ 148,422 (a) Excludes Other Operations of $(199) million. (b) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. OTHER POLICYHOLDER FUNDS Other policyholder funds include URR, consisting of front-end loads on investment-oriented contracts, representing those policy loads that are non-level and typically higher in initial policy years than in later policy years. Amortization of URR is recorded in Policy fees. Prior to the adoption of the Targeted Improvements to the Accounting for Long-Duration Contracts Standard URR for investment-oriented contracts are generally deferred and amortized, with interest, in relation to the incidence of EGPs to be realized over the estimated lives of the contracts and are subject to the same adjustments due to changes in the assumptions underlying EGPs as DAC. Similar to unrealized appreciation (depreciation) of investments for DAC, URR related to investment-oriented products is also adjusted to reflect the effect of unrealized gains or losses on fixed maturity securities available for sale on EGPs, with related changes recognized through OCI. Subsequent to the adoption of the Targeted Improvements to the Accounting for Long-Duration Contracts Standard URR for investment-oriented contracts are generally deferred and amortized into income using the same assumptions and factors used to amortize DAC (i.e., on a constant level basis). Changes in future assumptions are applied by adjusting the amortization rate prospectively. The Company has elected to implicitly account for actual experience, whether favorable or unfavorable, in its amortization of URR (i.e., policy fees) each period. The following table presents the transition rollforward of URR: Life Institutional Other* Total (in millions) Pre-adoption December 31, 2020 URR balance $ 1,413 $ 2 $ 132 $ 1,547 Adjustment for the removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses) 248 — — 248 Post-adoption January 1, 2021 URR balance $ 1,661 $ 2 $ 132 $ 1,795 * Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. Other policyholder funds, excluding URR, totaled $2.0 billion.
Earnings Per Share	The basic EPS computation is based on the weighted average number of common shares outstanding, adjusted to reflect all stock dividends and stock splits. The diluted EPS computation is based on those shares used in the basic EPS computation plus common shares that would have been outstanding assuming issuance of common shares for all dilutive potential common shares outstanding and adjusted to reflect all stock dividends and stock splits, using the treasury stock method or the if-converted method, as applicable.
Other Assets	DEFERRED SALES INDUCEMENTS We offer deferred sales inducements (DSI) which include enhanced crediting rates or bonus payments to contract holders (bonus interest) on certain annuity and investment contract products. To qualify for such accounting treatment as an asset, the bonus interest must be explicitly identified in the contract at inception. We must also demonstrate that such amounts are incremental to amounts we credit on similar contracts without bonus interest and are higher than the contracts’ expected ongoing crediting rates for periods after the bonus period. DSI is reported in Other assets, while amortization related to DSI is recorded in Interest credited to policyholder account balances. Prior to the adoption of the Targeted Improvements to the Accounting for Long-Duration Contracts Standard DSI amounts were deferred and amortized over the life of the contract in relation to the incidence of EGPs to be realized over the estimated lives of the contracts. DSI was adjusted for the effect on EGPs of unrealized gains and losses on available-for-sale securities, with related changes recognized through OCI. Subsequent to the adoption of the Targeted Improvements to the Accounting for Long-Duration Contracts Standard DSI amounts are deferred and amortized on a constant level basis over the life of the contract consistent with DAC. Changes in future assumptions (e.g., expected duration of contracts) are applied by adjusting the amortization rate prospectively rather than through a retrospective catch up adjustment. The Company has elected to implicitly account for actual experience, whether favorable or unfavorable, in its amortization expense each period, consistent with DAC. The following table presents the transition rollforward for DSI*: (in millions) Individual Group Total Pre-adoption December 31, 2020 DSI balance $ 190 $ 91 $ 281 Adjustments for the removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses) 284 114 398 Post-adoption January 1, 2021 DSI balance $ 474 $ 205 $ 679 * Other assets, excluding DSI, totaled $12.8 billion.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Accounting Standards Update and Change in Accounting Principle	The following table presents the impacts in connection with the adoption of LDTI effective as of January 1, 2021 as well as cross references to the applicable notes herein for additional information: Pre-Adoption, Cumulative Effect Updated Balances (in millions) Reinsurance assets - Fortitude Re, net of allowance for credit losses and disputes (a) $ 34,578 $ 7,666 $ 42,244 Reinsurance assets - other, net of allowance for credit losses and disputes (a) 38,963 469 39,432 Deferred income taxes 12,624 339 12,963 Deferred policy acquisition costs (b) 9,805 3,150 12,955 Market risk benefit assets (c) — 338 338 Other assets, net of allowance for credit losses (d) 13,122 398 13,520 Total assets 586,481 12,360 598,841 Future policy benefits for life and accident and health insurance contracts (e) 56,878 10,486 67,364 Policyholder contract deposits (e) 154,470 (6,247) 148,223 Market risk benefit liabilities (c) — 8,739 8,739 Other policyholder funds (f) 3,548 248 3,796 Other liabilities (g) 27,122 398 27,520 Total liabilities 519,282 13,624 532,906 Retained earnings 15,504 933 16,437 Accumulated other comprehensive income (loss) 13,511 (2,197) 11,314 Total AIG Shareholders' equity 66,362 (1,264) 65,098 Total equity 67,199 (1,264) 65,935 Total liabilities and equity 586,481 12,360 598,841 (a) For additional information on the transition impacts associated with LDTI, see Note 8. (b) For additional information on the transition impacts associated with LDTI, see Note 9. (c) For additional information on the transition impacts associated with LDTI, see Note 13. (d) Other assets include deferred sales inducement assets. For additional information on the transition impacts associated with LDTI, see Note 9. (e) For additional information on the transition impacts associated with LDTI, see Note 12. (f) Other policyholder funds include URR. For additional information on the transition impacts associated with LDTI, see Note 12. (g) Other liabilities include deferred cost of reinsurance liabilities. For additional information on the transition impacts associated with LDTI, see Note 8. The following table presents the impacts in connection with the adoption of LDTI effective as of January 1, 2021 on our previously reported Condensed Consolidated Balance Sheets as of December 31, 2022: As Previously Effect of Updated Balances (in millions) Reinsurance assets - Fortitude Re, net of allowance for credit losses and disputes $ 32,159 $ (1,408) $ 30,751 Reinsurance assets - other, net of allowance for credit losses and disputes 39,434 (463) 38,971 Deferred income taxes 15,144 (340) 14,804 Deferred policy acquisition costs 15,518 (2,661) 12,857 Market risk benefit assets — 796 796 Other assets, net of allowance for credit losses 12,714 (330) 12,384 Total assets 526,634 (4,406) 522,228 Future policy benefits for life and accident and health insurance contracts 59,223 (7,309) 51,914 Policyholder contract deposits 158,891 (2,907) 155,984 Market risk benefit liabilities — 4,736 4,736 Other policyholder funds 3,909 (446) 3,463 Other liabilities 26,456 301 26,757 Total liabilities 484,399 (5,625) 478,774 Additional paid-in capital 80,284 (369) 79,915 Retained earnings 33,032 1,861 34,893 Accumulated other comprehensive income (loss) (22,092) (524) (22,616) Total AIG Shareholders' equity 40,002 968 40,970 Non-redeemable noncontrolling interests 2,233 251 2,484 Total equity 42,235 1,219 43,454 Total liabilities and equity 526,634 (4,406) 522,228 The following table presents the impacts in connection with the adoption of LDTI on our previously reported Condensed Consolidated Statements of Income (Loss): Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 As Effect of Updated As Effect of Updated (in millions, except per common share data) Revenues: Premiums $ 7,832 $ (4) $ 7,828 $ 22,458 $ 2 $ 22,460 Policy fees 732 3 735 2,238 (45) 2,193 Total net realized gains (losses) 3,175 (603) 2,572 10,986 (2,203) 8,783 Total revenues 14,602 (604) 13,998 44,851 (2,246) 42,605 Benefits, losses and expenses: Policyholder benefits and losses incurred 6,187 (138) 6,049 16,565 (472) 16,093 Change in the fair value of market risk benefits, net — (435) (435) — (713) (713) Interest credited to policyholder account balances 951 8 959 2,738 11 2,749 Amortization of deferred acquisition costs 1,248 (78) 1,170 3,983 (560) 3,423 General operating and other expenses 2,093 (18) 2,075 6,497 (52) 6,445 Total benefits, losses and expenses 10,755 (661) 10,094 30,848 (1,786) 29,062 Income (loss) from continuing operations before income tax expense (benefit) 3,847 57 3,904 14,003 (460) 13,543 Income tax expense (benefit) 806 11 817 2,913 (97) 2,816 Income (loss) from continuing operations 3,041 46 3,087 11,090 (363) 10,727 Net income (loss) 3,041 46 3,087 11,089 (363) 10,726 Net income (loss) from continuing operations attributable to noncontrolling interests 332 7 339 1,084 (33) 1,051 Net income (loss) attributable to AIG 2,709 39 2,748 10,005 (330) 9,675 Net income (loss) attributable to AIG common shareholders 2,702 39 2,741 9,983 (330) 9,653 Income (loss) per common share attributable to AIG common shareholders: Common stock - Basic 3.54 0.05 3.59 12.64 (0.42) 12.22 Common stock - Diluted 3.50 0.05 3.55 12.49 (0.41) 12.08 The following table presents the impacts in connection with the adoption of LDTI on our previously reported Condensed Consolidated Statements of Comprehensive Income (Loss): Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 As Effect of Updated As Effect of Updated (in millions) Net income $ 3,041 $ 46 $ 3,087 $ 11,089 $ (363) $ 10,726 Other comprehensive income (loss), net of tax Change in unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken (73) (1) (74) (78) (5) (83) Change in unrealized appreciation (depreciation) of all other investments (8,324) (1,180) (9,504) (34,469) (5,958) (40,427) Change in fair value of market risk benefits attributable to changes in our own credit risk — 253 253 — 1,617 1,617 Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts — 1,725 1,725 — 5,885 5,885 Change in foreign currency translation adjustments (591) (130) (721) (877) (185) (1,062) Other comprehensive income (loss) (8,973) 667 (8,306) (35,388) 1,354 (34,034) Comprehensive income (loss) (5,932) 713 (5,219) (24,299) 991 (23,308) Comprehensive income (loss) attributable to noncontrolling interests (464) 86 (378) (1,784) 108 (1,676) Comprehensive income (loss) attributable to AIG (5,468) 627 (4,841) (22,515) 883 (21,632) The following table presents the impacts in connection with the adoption of LDTI on our previously reported Condensed Consolidated Statements of Cash Flows: Nine Months Ended September 30, 2022 As Previously Effect of Updated Balances (in millions) Cash flows from operating activities: Net income $ 11,089 $ (363) $ 10,726 Adjustments to reconcile net income (loss) to net cash provided by operating activities: Noncash revenues, expenses, gains and losses included in income (loss): Unrealized gains in earnings - net (2,738) 2,567 (171) Change in the fair value of market risk benefits in earnings, net — (1,032) (1,032) Depreciation and other amortization 3,918 (597) 3,321 Changes in operating assets and liabilities: Insurance reserves 1,720 (1,286) 434 Premiums and other receivables and payables - net (8,914) (39) (8,953) Reinsurance assets, net 200 1,117 1,317 Capitalization of deferred policy acquisition costs (3,704) (52) (3,756) Current and deferred income taxes - net 2,424 (97) 2,327 Other, net (822) (269) (1,091) Total adjustments (7,072) 312 (6,760) Net cash provided by operating activities 4,018 (51) 3,967 Cash flows from financing activities: Policyholder contract deposits 19,779 52 19,831 Net cash used in financing activities (1,571) 52 (1,519)

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of Continuing Operations by Operating Segment	The following table presents AIG’s continuing operations by operating segment: Three Months Ended September 30, 2023 2022 (in millions) Adjusted Adjusted Adjusted Adjusted General Insurance North America $ 3,079 $ 235 (a) $ 3,140 $ (439) (a) International 3,343 376 (a) 3,267 607 (a) Net investment income 756 756 582 582 Total General Insurance 7,178 1,367 6,989 750 Life and Retirement Individual Retirement 1,560 572 1,301 377 Group Retirement 688 191 672 193 Life Insurance 1,276 133 1,250 131 Institutional Markets 656 75 1,110 83 Total Life and Retirement 4,180 971 4,333 784 Other Operations Other Operations before consolidation and eliminations 56 (468) 126 (467) Consolidation and eliminations 26 3 (152) (147) Total Other Operations 82 (465) (26) (614) Total 11,440 1,873 11,296 920 Reconciling items: Changes in fair value of securities used to hedge guaranteed living benefits 13 (6) 14 6 Change in the fair value of market risk benefits, net (b) — 418 — 435 Changes in benefit reserves related to net realized gains (losses) — 2 — 2 Changes in the fair value of equity securities 40 40 16 16 Other income (expense) - net (7) — (7) — Gain (loss) on extinguishment of debt — (21) — — Net investment income on Fortitude Re funds withheld assets 264 264 155 155 Net realized losses on Fortitude Re funds withheld assets (227) (227) (86) (86) Net realized gains on Fortitude Re funds withheld embedded derivative 1,137 1,137 1,757 1,757 Net realized gains (c) 114 133 845 846 Net gain on divestitures and other — 101 — 6 Non-operating litigation reserves and settlements — — 8 3 Favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements — 75 — 62 Net loss reserve discount charge — (5) — (10) Pension expense related to a one-time lump sum payment to former employees — (8) — — Integration and transaction costs associated with acquiring or divesting businesses — (65) — (52) Restructuring and other costs — (132) — (147) Non-recurring costs related to regulatory or accounting changes — (11) — (9) Revenues and pre-tax income $ 12,774 $ 3,568 $ 13,998 $ 3,904 Nine Months Ended September 30, 2023 2022 (in millions) Adjusted Adjusted Adjusted Adjusted General Insurance North America $ 9,254 $ 886 (a) $ 8,901 $ 223 (a) International 9,924 821 (a) 10,148 1,190 (a) Net investment income 2,227 2,227 1,805 1,805 Total General Insurance 21,405 3,934 20,854 3,218 Life and Retirement Individual Retirement 4,622 1,690 3,915 1,213 Group Retirement 2,061 579 2,078 614 Life Insurance 3,805 293 3,875 364 Institutional Markets 4,979 286 2,445 274 Total Life and Retirement 15,467 2,848 12,313 2,465 Other Operations Other Operations before consolidation and eliminations 299 (1,325) 627 (1,086) AIG consolidation and eliminations (52) (51) (424) (410) Total Other Operations 247 (1,376) 203 (1,496) Total 37,119 5,406 33,370 4,187 Reconciling items: Changes in fair value of securities used to hedge guaranteed living benefits 40 (12) 41 29 Change in the fair value of market risk benefits, net (b) — 484 — 713 Changes in benefit reserves related to net realized gains (losses) — 7 — 11 Changes in the fair value of equity securities 134 134 (41) (41) Other income (expense) - net (26) — (23) — Loss on extinguishment of debt — (21) — (299) Net investment income on Fortitude Re funds withheld assets 1,001 1,001 634 634 Net realized gains (losses) on Fortitude Re funds withheld assets (396) (396) (312) (312) Net realized gains (losses) on Fortitude Re funds withheld embedded derivative 152 152 7,851 7,851 Net realized gains (losses) (c) (1,053) (1,023) 1,039 1,055 Net gain (loss) on divestitures and other — 142 — 45 Non-operating litigation reserves and settlements 1 — 46 41 Favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements — 112 — 206 Net loss reserve discount charge — (85) — (4) Pension expense related to a one-time lump sum payment to former employees — (75) — — Integration and transaction costs associated with acquiring or divesting businesses — (196) — (136) Restructuring and other costs — (402) — (415) Non-recurring costs related to regulatory or accounting changes — (36) — (22) Net impact from elimination of international reporting lag (d) 4 12 — — Revenues and pre-tax income (loss) $ 36,976 $ 5,204 $ 42,605 $ 13,543 (a) General Insurance North America’s and General Insurance International’s Adjusted pre-tax income does not include Net investment income as the investment portfolio results are managed at the General Insurance level. Net investment income is shown separately as a component of General Insurance’s total Adjusted pre-tax income results. (b) Includes realized gains and losses on certain derivative instruments used for non-qualifying (economic) hedging. (c) Includes all net realized gains and losses except earned income (periodic settlements and changes in settlement accruals) on derivative instruments used for non-qualifying (economic) hedging or for asset replication and net realized gains and losses on Fortitude Re funds withheld assets held by AIG in support of Fortitude Re’s reinsurance obligations to AIG (Fortitude Re funds withheld assets). (d) See Note 1.

Held-For-Sale Classification (T

Held-For-Sale Classification (Tables)	9 Months Ended
	Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table summarizes the components of assets and liabilities held-for-sale on the Condensed Consolidated Balance Sheets at September 30, 2023 after elimination of intercompany balances: (in millions) Validus Re AIG Life Laya and Other Total Assets: Bonds available for sale $ 3,822 $ 137 $ — $ 3,959 Other invested assets 5 — — 5 Short-term investments, including restricted cash of $262 1,478 32 76 1,586 Cash 176 2 15 193 Accrued investment income 21 3 — 24 Premiums and other receivables, net of allowance for credit losses and disputes 3,195 127 15 3,337 Reinsurance assets - other, net of allowance for credit losses and disputes 1,759 794 — 2,553 Deferred income taxes 23 35 1 59 Deferred policy acquisition costs 623 755 — 1,378 Other assets, net of allowance for credit losses (a) 676 109 139 924 Total assets held for sale $ 11,778 $ 1,994 $ 246 $ 14,018 Liabilities: Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses $ 5,046 $ — $ — $ 5,046 Unearned premiums 2,504 71 — 2,575 Future policy benefits for life and accident and health insurance contracts — 592 — 592 Other policyholder funds — — 40 40 Other liabilities 910 918 36 1,864 Total liabilities held for sale $ 8,460 $ 1,581 $ 76 $ 10,117

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents information about assets and liabilities measured at fair value on a recurring basis and indicates the level of the fair value measurement based on the observability of the inputs used: September 30, 2023 Level 1 Level 2 Level 3 Counterparty Netting (a) Cash Total (in millions) Assets: Bonds available for sale: U.S. government and government sponsored entities $ 338 $ 5,616 $ — $ — $ — $ 5,954 Obligations of states, municipalities and political subdivisions — 9,681 765 — — 10,446 Non-U.S. governments 250 11,471 3 — — 11,724 Corporate debt — 124,553 1,538 — — 126,091 RMBS — 11,185 7,546 — — 18,731 CMBS — 12,943 567 — — 13,510 CLO/ABS — 13,342 15,142 — — 28,484 Total bonds available for sale 588 188,791 25,561 — — 214,940 Other bond securities: Obligations of states, municipalities and political subdivisions — 90 1 — — 91 Non-U.S. governments — 33 — — — 33 Corporate debt — 2,403 221 — — 2,624 RMBS — 109 158 — — 267 CMBS — 255 23 — — 278 CLO/ABS — 497 1,050 — — 1,547 Total other bond securities — 3,387 1,453 — — 4,840 Equity securities 441 15 59 — — 515 Other invested assets (b) — 148 2,228 — — 2,376 Derivative assets (c) : Interest rate contracts — 2,715 533 — — 3,248 Foreign exchange contracts — 1,779 1 — — 1,780 Equity contracts 4 1,043 375 — — 1,422 Credit contracts — — 33 — — 33 Other contracts — — 16 — — 16 Counterparty netting and cash collateral — — — (3,985) (2,141) (6,126) Total derivative assets 4 5,537 958 (3,985) (2,141) 373 Short-term investments 2,384 4,075 — — — 6,459 Market risk benefit assets — — 978 — — 978 Other assets (c) — — 112 — — 112 Separate account assets 81,567 3,157 — — — 84,724 Total (d) $ 84,984 $ 205,110 $ 31,349 $ (3,985) $ (2,141) $ 315,317 Liabilities: Policyholder contract deposits $ — $ 49 $ 6,327 $ — $ — $ 6,376 Market risk benefit liabilities — — 4,519 — — 4,519 Derivative liabilities (c) : Interest rate contracts — 5,174 — — — 5,174 Foreign exchange contracts — 648 3 — — 651 Equity contracts 6 843 4 — — 853 Credit contracts — 5 33 — — 38 Counterparty netting and cash collateral — — — (3,985) (2,472) (6,457) Total derivative liabilities 6 6,670 40 (3,985) (2,472) 259 Fortitude Re funds withheld payable — — (3,413) — — (3,413) Other liabilities — — 92 — — 92 Long-term debt — 102 — — — 102 Total $ 6 $ 6,821 $ 7,565 $ (3,985) $ (2,472) $ 7,935 December 31, 2022 Level 1 Level 2 Level 3 Counterparty Netting (a) Cash Total (in millions) Assets: Bonds available for sale: U.S. government and government sponsored entities $ 25 $ 6,594 $ — $ — $ — $ 6,619 Obligations of states, municipalities and political subdivisions — 11,275 824 — — 12,099 Non-U.S. governments 158 13,326 1 — — 13,485 Corporate debt — 134,992 2,847 — — 137,839 RMBS — 11,264 7,553 — — 18,817 CMBS — 13,267 926 — — 14,193 CLO/ABS — 10,356 12,748 — — 23,104 Total bonds available for sale 183 201,074 24,899 — — 226,156 Other bond securities: Obligations of states, municipalities and political subdivisions — 111 — — — 111 Non-U.S. governments — 66 — — — 66 Corporate debt — 1,976 416 — — 2,392 RMBS — 113 173 — — 286 CMBS — 303 28 — — 331 CLO/ABS — 389 910 — — 1,299 Total other bond securities — 2,958 1,527 — — 4,485 Equity securities 518 18 39 — — 575 Other invested assets (b) — 145 2,075 — — 2,220 Derivative assets (c) : Interest rate contracts 1 3,410 311 — — 3,722 Foreign exchange contracts — 1,844 — — — 1,844 Equity contracts 11 132 285 — — 428 Commodity contracts — 9 — — — 9 Credit contracts — — 32 — — 32 Other contracts — — 14 — — 14 Counterparty netting and cash collateral — — — (3,895) (1,640) (5,535) Total derivative assets 12 5,395 642 (3,895) (1,640) 514 Short-term investments 2,821 2,887 — — — 5,708 Market risk benefit assets — — 796 — — 796 Other assets (c) — — 107 — — 107 Separate account assets 81,655 3,198 — — — 84,853 Total $ 85,189 $ 215,675 $ 30,085 $ (3,895) $ (1,640) $ 325,414 Liabilities: Policyholder contract deposits $ — $ 41 $ 5,367 $ — $ — $ 5,408 Market risk benefit liabilities — — 4,736 — — 4,736 Derivative liabilities (c) : Interest rate contracts — 4,838 — — — 4,838 Foreign exchange contracts — 1,138 — — — 1,138 Equity contracts 2 10 14 — — 26 Credit contracts — 9 32 — — 41 Counterparty netting and cash collateral — — — (3,895) (1,917) (5,812) Total derivative liabilities 2 5,995 46 (3,895) (1,917) 231 Fortitude Re funds withheld payable — — (2,235) — — (2,235) Other liabilities — — 112 — — 112 Long-term debt — 56 — — — 56 Total $ 2 $ 6,092 $ 8,026 $ (3,895) $ (1,917) $ 8,308 (a) Represents netting of derivative exposures covered by qualifying master netting agreements. (b) Excludes investments that are measured at fair value using the net asset value (NAV) per share (or its equivalent), which totaled $9.6 billion and $9.8 billion as of September 30, 2023 and December 31, 2022, respectively. (c) Presented as part of Other assets and Other liabilities on the Condensed Consolidated Balance Sheets.
Schedule of Assets Measured on a Recurring Basis	(in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended September 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 869 $ (3) $ (78) $ (23) $ — $ — $ — $ 765 $ — $ (82) Non-U.S. governments 6 — — (3) — — — 3 — — Corporate debt 1,721 (5) (78) (76) 176 (200) — 1,538 — (83) RMBS 7,617 101 (82) (74) 2 (25) 7 7,546 — (122) CMBS 553 (3) (27) 4 65 (25) — 567 — (32) CLO/ABS 14,214 51 (115) 411 553 (46) 74 15,142 — (121) Total bonds available for sale 24,980 141 (380) 239 796 (296) 81 25,561 — (440) Other bond securities: Obligations of states, municipalities and political subdivisions 3 — — (2) — — — 1 — — Corporate Debt 155 1 — 65 — — — 221 3 — RMBS 164 (2) — (4) — — — 158 (3) — CMBS 26 (3) — — — — — 23 (3) — CLO/ABS 1,044 1 — (19) 1 (3) 26 1,050 (11) — Total other bond securities 1,392 (3) — 40 1 (3) 26 1,453 (14) — Equity securities 72 1 — (2) — (12) — 59 1 — Other invested assets 2,140 (13) (12) 69 44 — — 2,228 — — Other assets 111 — — 1 — — — 112 — — Total (a) $ 28,695 $ 126 $ (392) $ 347 $ 841 $ (311) $ 107 $ 29,413 $ (13) $ (440) (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 6,813 $ (716) $ — $ 230 $ — $ — $ — $ 6,327 $ 972 $ — Derivative liabilities, net: Interest rate contracts (339) (174) — (20) — — — (533) 181 — Foreign exchange contracts 2 (1) — 1 — — — 2 — — Equity contracts (645) 411 — (137) — — — (371) (147) — Credit contracts — 1 — (1) — — — — — — Other contracts (15) (17) — 16 — — — (16) 17 — Total derivative liabilities, net (b) (997) 220 — (141) — — — (918) 51 — Fortitude Re funds withheld payable (2,118) (1,137) — (158) — — — (3,413) 1,139 — Other Liabilities 98 (6) — — — — — 92 — — Total (c) $ 3,796 $ (1,639) $ — $ (69) $ — $ — $ — $ 2,088 $ 2,162 $ — (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 957 $ (1) $ (106) $ (29) $ — $ (7) $ — $ 814 $ — $ (167) Non-U.S. governments 9 — — (1) 1 — — 9 — — Corporate debt 2,483 (31) (53) (100) 1,781 (163) — 3,917 — (55) RMBS 8,352 101 (267) (299) 2 (8) — 7,881 — (39) CMBS 871 (1) (31) (33) 12 (12) — 806 — (50) CLO/ABS 11,696 (25) (454) 523 366 (323) — 11,783 — (557) Total bonds available for sale 24,368 43 (911) 61 2,162 (513) — 25,210 — (868) Other bond securities: Corporate debt 461 (5) — 66 28 (1) — 549 (7) — RMBS 192 (7) — 26 — — — 211 (8) — CMBS 32 (3) — — — — — 29 (3) — CLO/ABS 2,442 (25) — (158) 12 (15) — 2,256 (92) — Total other bond securities 3,127 (40) — (66) 40 (16) — 3,045 (110) — Equity securities 12 (1) — 8 15 — — 34 — — Other invested assets 2,008 62 (25) (45) — (42) — 1,958 20 — Other assets 107 — — — — — — 107 — — Total (a) $ 29,622 $ 64 $ (936) $ (42) $ 2,217 $ (571) $ — $ 30,354 $ (90) $ (868) (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 4,728 $ (274) $ — $ 289 $ — $ — $ — $ 4,743 $ 287 $ — Derivative liabilities, net: Interest rate contracts (143) 37 — (110) — 6 — (210) 30 — Foreign exchange contracts 1 — — — — — — 1 — — Equity contracts (149) 88 — (94) — — — (155) (89) — Credit contracts 32 1 — (2) — — — 31 — — Other contracts (16) (16) — 16 — — — (16) 17 — Total derivative liabilities, net (b) (275) 110 — (190) — 6 — (349) (42) — Fortitude Re funds withheld payable (638) (1,757) — (110) — — — (2,505) 1,791 — Total (c) $ 3,815 $ (1,921) $ — $ (11) $ — $ 6 $ — $ 1,889 $ 2,036 $ — (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Nine Months Ended September 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 824 $ (2) $ (26) $ (31) $ — $ — $ — $ 765 $ — $ (54) Non-U.S. governments 1 1 1 (5) 7 (2) — 3 — 1 Corporate debt 2,847 (101) (19) (450) 496 (1,219) (16) 1,538 — (61) RMBS 7,553 315 37 (275) 33 (89) (28) 7,546 — (33) CMBS 926 (25) (69) (35) 98 (328) — 567 — (114) CLO/ABS 12,748 112 62 1,641 666 (246) 159 15,142 — (47) Total bonds available for sale 24,899 300 (14) 845 1,300 (1,884) 115 25,561 — (308) Other bond securities: Obligations of states, municipalities and political subdivisions — — — 1 — — — 1 — — Corporate debt 416 3 — (7) — (191) — 221 2 — RMBS 173 5 — (20) — — — 158 (8) — CMBS 28 (5) — — — — — 23 (4) — CLO/ABS 910 29 — 75 5 (48) 79 1,050 (31) — Total other bond securities 1,527 32 — 49 5 (239) 79 1,453 (41) — Equity securities 39 3 — 27 10 (20) — 59 2 — Other invested assets 2,075 (84) (5) 198 44 — — 2,228 (84) — Other assets 107 — — 5 — — — 112 — — Total (a) $ 28,647 $ 251 $ (19) $ 1,124 $ 1,359 $ (2,143) $ 194 $ 29,413 $ (123) $ (308) (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 5,367 $ 94 $ — $ 866 $ — $ — $ — $ 6,327 $ 296 $ — Derivative liabilities, net: Interest rate contracts (311) (90) — (132) — — — (533) 146 — Foreign exchange contracts — 1 — 1 — — — 2 (4) — Equity contracts (271) 362 — (462) — — — (371) (11) — Credit contracts — — — — — — — — 1 — Other contracts (14) (50) — 48 — — — (16) 49 — Total derivative liabilities, net (b) (596) 223 — (545) — — — (918) 181 — Fortitude Re funds withheld payable (2,235) (152) — (1,026) — — — (3,413) 671 — Other Liabilities 112 (20) — — — — — 92 — — Total (c) $ 2,648 $ 145 $ — $ (705) $ — $ — $ — $ 2,088 $ 1,148 $ — (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Nine Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 1,431 $ 1 $ (534) $ (94) $ 17 $ (7) $ — $ 814 $ — $ (319) Non-U.S. governments 7 — — (1) 3 — — 9 — — Corporate debt 2,641 (57) (204) (137) 2,163 (489) — 3,917 — (183) RMBS 10,378 323 (1,210) (1,173) 2 (439) — 7,881 — (704) CMBS 1,190 12 (144) 84 12 (348) — 806 — (143) CLO/ABS 11,215 (6) (1,457) 2,174 1,830 (1,973) — 11,783 — (1,486) Total bonds available for sale 26,862 273 (3,549) 853 4,027 (3,256) — 25,210 — (2,835) Other bond securities: Corporate debt 134 (9) — 190 250 (16) — 549 (8) — RMBS 196 (25) — 40 — — — 211 (28) — CMBS 35 (6) — — — — — 29 (6) — CLO/ABS 2,332 (274) — 194 75 (71) — 2,256 (414) — Total other bond securities 2,697 (314) — 424 325 (87) — 3,045 (456) — Equity securities 6 (1) — 14 15 — — 34 — — Other invested assets 1,948 307 (52) (83) 47 (209) — 1,958 316 — Other assets 114 — — (7) — — — 107 — — Total (a) $ 31,627 $ 265 $ (3,601) $ 1,201 $ 4,414 $ (3,552) $ — $ 30,354 $ (140) $ (2,835) (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 5,572 $ (1,477) $ — $ 648 $ — $ — $ — $ 4,743 $ 1,724 $ — Derivative liabilities, net: Interest rate contracts — 48 — (183) (81) 6 — (210) 27 — Foreign exchange contracts (1) 1 — 1 — — — 1 (1) — Equity contracts (444) 478 — (188) — (1) — (155) (272) — Credit contracts 30 3 — (2) — — — 31 — — Other contracts (13) (48) — 45 — — — (16) 49 — Total derivative liabilities, net (b) (428) 482 — (327) (81) 5 — (349) (197) — Fortitude Re funds withheld payable 5,922 (7,851) — (576) — — — (2,505) 8,107 — Total (c) $ 11,066 $ (8,846) $ — $ (255) $ (81) $ 5 $ — $ 1,889 $ 9,634 $ — (a) Excludes MRB assets of $978 million at September 30, 2023 and $743 million at September 30, 2022, For additional information, see Note 13. (b) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only. (c) Excludes MRB liabilities of $4.5 billion at September 30, 2023 and $4.6 billion at September 30, 2022. For additional information, see Note 13. (in millions) Purchases Sales Issuances and Settlements (a) Purchases, Sales, Issuances and Settlements, Net (a) Three Months Ended September 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ — $ (23) $ — $ (23) Non-U.S. governments — — (3) (3) Corporate debt 197 (30) (243) (76) RMBS 194 (6) (262) (74) CMBS — (7) 11 4 CLO/ABS 604 (158) (35) 411 Total bonds available for sale 995 (224) (532) 239 Other bond securities: Obligations of states, municipalities and political subdivisions — (2) — (2) Corporate debt 89 — (24) 65 RMBS — — (4) (4) CLO/ABS 35 (10) (44) (19) Total other bond securities 124 (12) (72) 40 Equity securities — (2) — (2) Other invested assets 74 — (5) 69 Other assets — — 1 1 Total $ 1,193 $ (238) $ (608) $ 347 Liabilities: Policyholder contract deposits $ — $ 348 $ (118) $ 230 Derivative liabilities, net (302) 9 152 (141) Fortitude Re funds withheld payable — — (158) (158) Total $ (302) $ 357 $ (124) $ (69) Three Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 5 $ — $ (34) $ (29) Non-U.S. governments — — (1) (1) Corporate debt 31 (49) (82) (100) RMBS 56 — (355) (299) CMBS 27 — (60) (33) CLO/ABS 581 (22) (36) 523 Total bonds available for sale 700 (71) (568) 61 Other bond securities: Corporate debt 2 — 64 66 RMBS 31 — (5) 26 CLO/ABS 65 (123) (100) (158) Total other bond securities 98 (123) (41) (66) Equity securities 8 — — 8 Other invested assets 53 — (98) (45) Total $ 859 $ (194) $ (707) $ (42) Liabilities: Policyholder contract deposits $ — $ 239 $ 50 $ 289 Derivative liabilities, net (243) 3 50 (190) Fortitude Re funds withheld payable — — (110) (110) Total $ (243) $ 242 $ (10) $ (11) (in millions) Purchases Sales Issuances and Settlements (a) Purchases, Sales, Issuances and Settlements, Net (a) Nine Months Ended September 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 1 $ (27) $ (5) $ (31) Non-U.S. governments — — (5) (5) Corporate debt 219 (30) (639) (450) RMBS 595 (67) (803) (275) CMBS 10 (39) (6) (35) CLO/ABS 1,996 (309) (46) 1,641 Total bonds available for sale 2,821 (472) (1,504) 845 Other bond securities: Obligations of states, municipalities and political subdivisions 3 (2) — 1 Corporate debt 176 — (183) (7) RMBS 6 — (26) (20) CLO/ABS 162 (10) (77) 75 Total other bond securities 347 (12) (286) 49 Equity securities 31 (2) (2) 27 Other invested assets 226 — (28) 198 Other assets — — 5 5 Total $ 3,425 $ (486) $ (1,815) $ 1,124 Liabilities: Policyholder contract deposits $ — $ 1,076 $ (210) $ 866 Derivative liabilities, net (752) 18 189 (545) Fortitude Re funds withheld payable — — (1,026) (1,026) Total $ (752) $ 1,094 $ (1,047) $ (705) Nine Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 6 $ (64) $ (36) $ (94) Non-U.S. governments — — (1) (1) Corporate Debt 54 (49) (142) (137) RMBS 341 — (1,514) (1,173) CMBS 173 — (89) 84 CLO/ABS 2,712 (22) (516) 2,174 Total bonds available for sale 3,286 (135) (2,298) 853 Other bond securities: Corporate debt 26 — 164 190 RMBS 62 — (22) 40 CLO/ABS 681 (123) (364) 194 Total other bond securities 769 (123) (222) 424 Equity securities 13 — 1 14 Other invested assets 570 — (653) (83) Other assets — — (7) (7) Total $ 4,638 $ (258) $ (3,179) $ 1,201 Liabilities: Policyholder contract deposits $ — $ 656 $ (8) $ 648 Derivative liabilities, net (492) 6 159 (327) Fortitude Re funds withheld payable — — (576) (576) Total $ (492) $ 662 $ (425) $ (255)
Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings	Market risk benefits and net realized and unrealized gains and losses included in income related to Level 3 assets and liabilities shown above are reported in the Condensed Consolidated Statements of Income (Loss) as follows: (in millions) Net Net Realized Change in the fair value of market risk benefits, net (c) Other Total Three Months Ended September 30, 2023 Assets: Bonds available for sale $ 202 $ (61) $ — $ — $ 141 Other bond securities (3) — — — (3) Equity securities 1 — — — 1 Other invested assets (11) (2) — — (13) Three Months Ended September 30, 2022 Assets: Bonds available for sale $ 106 $ (63) $ — $ — $ 43 Other bond securities (40) — — — (40) Equity securities (1) — — — (1) Other invested assets 62 — — — 62 Nine Months Ended September 30, 2023 Assets: Bonds available for sale $ 385 $ (85) $ — $ — $ 300 Other bond securities 32 — — — 32 Equity securities 3 — — — 3 Other invested assets (82) (2) — — (84) Nine Months Ended September 30, 2022 Assets: Bonds available for sale $ 412 $ (139) $ — $ — $ 273 Other bond securities (314) — — — (314) Equity securities (1) — — — (1) Other invested assets 307 — — — 307 (in millions) Net Net Realized Change in the fair value of market risk benefits, net (c) Other Total Three Months Ended September 30, 2023 Liabilities: Policyholder contract deposits (a) $ — $ (716) $ — $ — $ (716) Market risk benefit liabilities, net (b) — (1) (879) — (880) Derivative liabilities, net — 415 (180) (15) 220 Fortitude Re funds withheld payable — (1,137) — — (1,137) Other Liabilities — (6) — — (6) Three Months Ended September 30, 2022 Liabilities: Policyholder contract deposits (a) $ — $ (274) $ — $ — $ (274) Market risk benefit liabilities, net (b) — (2) (720) — (722) Derivative liabilities, net — 170 (43) (17) 110 Fortitude Re funds withheld payable — (1,757) — — (1,757) Nine Months Ended September 30, 2023 Liabilities: Policyholder contract deposits (a) $ — $ 94 $ — $ — $ 94 Market risk benefit liabilities, net (b) — (4) (1,676) — (1,680) Derivative liabilities, net — 392 (122) (47) 223 Fortitude Re funds withheld payable — (152) — — (152) Other Liabilities — (20) — — (20) Nine Months Ended September 30, 2022 Liabilities: Policyholder contract deposits (a) $ — $ (1,477) $ — $ — $ (1,477) Market risk benefit liabilities, net (b) — (10) (1,677) — (1,687) Derivative liabilities, net — 617 (90) (45) 482 Fortitude Re funds withheld payable — (7,851) — — (7,851) (a) Primarily embedded derivatives. (b) Market risk benefit assets and liabilities have been netted in the above table for presentation purposes only.
Fair Value, Liabilities Measured on Recurring Basis, Liabilities	(in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended September 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 869 $ (3) $ (78) $ (23) $ — $ — $ — $ 765 $ — $ (82) Non-U.S. governments 6 — — (3) — — — 3 — — Corporate debt 1,721 (5) (78) (76) 176 (200) — 1,538 — (83) RMBS 7,617 101 (82) (74) 2 (25) 7 7,546 — (122) CMBS 553 (3) (27) 4 65 (25) — 567 — (32) CLO/ABS 14,214 51 (115) 411 553 (46) 74 15,142 — (121) Total bonds available for sale 24,980 141 (380) 239 796 (296) 81 25,561 — (440) Other bond securities: Obligations of states, municipalities and political subdivisions 3 — — (2) — — — 1 — — Corporate Debt 155 1 — 65 — — — 221 3 — RMBS 164 (2) — (4) — — — 158 (3) — CMBS 26 (3) — — — — — 23 (3) — CLO/ABS 1,044 1 — (19) 1 (3) 26 1,050 (11) — Total other bond securities 1,392 (3) — 40 1 (3) 26 1,453 (14) — Equity securities 72 1 — (2) — (12) — 59 1 — Other invested assets 2,140 (13) (12) 69 44 — — 2,228 — — Other assets 111 — — 1 — — — 112 — — Total (a) $ 28,695 $ 126 $ (392) $ 347 $ 841 $ (311) $ 107 $ 29,413 $ (13) $ (440) (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 6,813 $ (716) $ — $ 230 $ — $ — $ — $ 6,327 $ 972 $ — Derivative liabilities, net: Interest rate contracts (339) (174) — (20) — — — (533) 181 — Foreign exchange contracts 2 (1) — 1 — — — 2 — — Equity contracts (645) 411 — (137) — — — (371) (147) — Credit contracts — 1 — (1) — — — — — — Other contracts (15) (17) — 16 — — — (16) 17 — Total derivative liabilities, net (b) (997) 220 — (141) — — — (918) 51 — Fortitude Re funds withheld payable (2,118) (1,137) — (158) — — — (3,413) 1,139 — Other Liabilities 98 (6) — — — — — 92 — — Total (c) $ 3,796 $ (1,639) $ — $ (69) $ — $ — $ — $ 2,088 $ 2,162 $ — (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 957 $ (1) $ (106) $ (29) $ — $ (7) $ — $ 814 $ — $ (167) Non-U.S. governments 9 — — (1) 1 — — 9 — — Corporate debt 2,483 (31) (53) (100) 1,781 (163) — 3,917 — (55) RMBS 8,352 101 (267) (299) 2 (8) — 7,881 — (39) CMBS 871 (1) (31) (33) 12 (12) — 806 — (50) CLO/ABS 11,696 (25) (454) 523 366 (323) — 11,783 — (557) Total bonds available for sale 24,368 43 (911) 61 2,162 (513) — 25,210 — (868) Other bond securities: Corporate debt 461 (5) — 66 28 (1) — 549 (7) — RMBS 192 (7) — 26 — — — 211 (8) — CMBS 32 (3) — — — — — 29 (3) — CLO/ABS 2,442 (25) — (158) 12 (15) — 2,256 (92) — Total other bond securities 3,127 (40) — (66) 40 (16) — 3,045 (110) — Equity securities 12 (1) — 8 15 — — 34 — — Other invested assets 2,008 62 (25) (45) — (42) — 1,958 20 — Other assets 107 — — — — — — 107 — — Total (a) $ 29,622 $ 64 $ (936) $ (42) $ 2,217 $ (571) $ — $ 30,354 $ (90) $ (868) (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 4,728 $ (274) $ — $ 289 $ — $ — $ — $ 4,743 $ 287 $ — Derivative liabilities, net: Interest rate contracts (143) 37 — (110) — 6 — (210) 30 — Foreign exchange contracts 1 — — — — — — 1 — — Equity contracts (149) 88 — (94) — — — (155) (89) — Credit contracts 32 1 — (2) — — — 31 — — Other contracts (16) (16) — 16 — — — (16) 17 — Total derivative liabilities, net (b) (275) 110 — (190) — 6 — (349) (42) — Fortitude Re funds withheld payable (638) (1,757) — (110) — — — (2,505) 1,791 — Total (c) $ 3,815 $ (1,921) $ — $ (11) $ — $ 6 $ — $ 1,889 $ 2,036 $ — (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Nine Months Ended September 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 824 $ (2) $ (26) $ (31) $ — $ — $ — $ 765 $ — $ (54) Non-U.S. governments 1 1 1 (5) 7 (2) — 3 — 1 Corporate debt 2,847 (101) (19) (450) 496 (1,219) (16) 1,538 — (61) RMBS 7,553 315 37 (275) 33 (89) (28) 7,546 — (33) CMBS 926 (25) (69) (35) 98 (328) — 567 — (114) CLO/ABS 12,748 112 62 1,641 666 (246) 159 15,142 — (47) Total bonds available for sale 24,899 300 (14) 845 1,300 (1,884) 115 25,561 — (308) Other bond securities: Obligations of states, municipalities and political subdivisions — — — 1 — — — 1 — — Corporate debt 416 3 — (7) — (191) — 221 2 — RMBS 173 5 — (20) — — — 158 (8) — CMBS 28 (5) — — — — — 23 (4) — CLO/ABS 910 29 — 75 5 (48) 79 1,050 (31) — Total other bond securities 1,527 32 — 49 5 (239) 79 1,453 (41) — Equity securities 39 3 — 27 10 (20) — 59 2 — Other invested assets 2,075 (84) (5) 198 44 — — 2,228 (84) — Other assets 107 — — 5 — — — 112 — — Total (a) $ 28,647 $ 251 $ (19) $ 1,124 $ 1,359 $ (2,143) $ 194 $ 29,413 $ (123) $ (308) (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 5,367 $ 94 $ — $ 866 $ — $ — $ — $ 6,327 $ 296 $ — Derivative liabilities, net: Interest rate contracts (311) (90) — (132) — — — (533) 146 — Foreign exchange contracts — 1 — 1 — — — 2 (4) — Equity contracts (271) 362 — (462) — — — (371) (11) — Credit contracts — — — — — — — — 1 — Other contracts (14) (50) — 48 — — — (16) 49 — Total derivative liabilities, net (b) (596) 223 — (545) — — — (918) 181 — Fortitude Re funds withheld payable (2,235) (152) — (1,026) — — — (3,413) 671 — Other Liabilities 112 (20) — — — — — 92 — — Total (c) $ 2,648 $ 145 $ — $ (705) $ — $ — $ — $ 2,088 $ 1,148 $ — (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Nine Months Ended September 30, 2022 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 1,431 $ 1 $ (534) $ (94) $ 17 $ (7) $ — $ 814 $ — $ (319) Non-U.S. governments 7 — — (1) 3 — — 9 — — Corporate debt 2,641 (57) (204) (137) 2,163 (489) — 3,917 — (183) RMBS 10,378 323 (1,210) (1,173) 2 (439) — 7,881 — (704) CMBS 1,190 12 (144) 84 12 (348) — 806 — (143) CLO/ABS 11,215 (6) (1,457) 2,174 1,830 (1,973) — 11,783 — (1,486) Total bonds available for sale 26,862 273 (3,549) 853 4,027 (3,256) — 25,210 — (2,835) Other bond securities: Corporate debt 134 (9) — 190 250 (16) — 549 (8) — RMBS 196 (25) — 40 — — — 211 (28) — CMBS 35 (6) — — — — — 29 (6) — CLO/ABS 2,332 (274) — 194 75 (71) — 2,256 (414) — Total other bond securities 2,697 (314) — 424 325 (87) — 3,045 (456) — Equity securities 6 (1) — 14 15 — — 34 — — Other invested assets 1,948 307 (52) (83) 47 (209) — 1,958 316 — Other assets 114 — — (7) — — — 107 — — Total (a) $ 31,627 $ 265 $ (3,601) $ 1,201 $ 4,414 $ (3,552) $ — $ 30,354 $ (140) $ (2,835) (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 5,572 $ (1,477) $ — $ 648 $ — $ — $ — $ 4,743 $ 1,724 $ — Derivative liabilities, net: Interest rate contracts — 48 — (183) (81) 6 — (210) 27 — Foreign exchange contracts (1) 1 — 1 — — — 1 (1) — Equity contracts (444) 478 — (188) — (1) — (155) (272) — Credit contracts 30 3 — (2) — — — 31 — — Other contracts (13) (48) — 45 — — — (16) 49 — Total derivative liabilities, net (b) (428) 482 — (327) (81) 5 — (349) (197) — Fortitude Re funds withheld payable 5,922 (7,851) — (576) — — — (2,505) 8,107 — Total (c) $ 11,066 $ (8,846) $ — $ (255) $ (81) $ 5 $ — $ 1,889 $ 9,634 $ — (a) Excludes MRB assets of $978 million at September 30, 2023 and $743 million at September 30, 2022, For additional information, see Note 13. (b) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only. (c) Excludes MRB liabilities of $4.5 billion at September 30, 2023 and $4.6 billion at September 30, 2022. For additional information, see Note 13.
Fair Value Measurement Inputs and Valuation Techniques	The table below presents information about the significant unobservable inputs used for recurring fair value measurements for certain Level 3 instruments, and includes only those instruments for which information about the inputs is reasonably available to us, such as data from independent third-party valuation service providers. Because input information from third-parties with respect to certain Level 3 instruments (primarily CLO/ABS) may not be reasonably available to us, balances shown below may not equal total amounts reported for such Level 3 assets and liabilities: (in millions) Fair Value at Valuation Unobservable Input (b) Range (Weighted Average) (c) Assets: Obligations of states, municipalities and political subdivisions $ 743 Discounted cash flow Yield 5.64% - 6.05% (5.85%) Corporate debt 1,459 Discounted cash flow Yield 5.36% - 9.14% (7.25%) RMBS (a) 4,855 Discounted cash flow Constant prepayment rate 3.95% - 9.01% (6.48%) Loss severity 44.22% - 77.29% (60.75%) Constant default rate 0.76% - 2.46% (1.61%) Yield 5.38% - 7.34% (6.36%) CLO/ABS (a) 12,955 Discounted cash flow Yield 6.31% - 8.57% (7.44%) CMBS 501 Discounted cash flow Yield 5.85% - 17.89% (11.87%) Market risk benefit assets 978 Discounted cash flow Equity volatility 6.65% - 52.35% Base lapse rate 0.16% - 28.80% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 38.25% - 160.01% Utilization (h) 80.00% - 100.00% Equity / interest rate correlation 0.00% - 30.00% NPA (g) 0.62% - 2.08% (in millions) Fair Value at Valuation Unobservable Input (b) Range (Weighted Average) (c) Liabilities (d) : Market risk benefit liabilities: Variable annuities guaranteed benefits 1,835 Discounted cash flow Equity volatility 6.65% - 52.35% Base lapse rate 0.16% - 28.80% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 38.25% - 160.01% Utilization (h) 80.00% - 100.00% Equity / interest rate correlation 0.00% - 30.00% NPA (g) 0.62% - 2.08% Fixed annuities guaranteed benefits 824 Discounted cash flow Base lapse rate 0.20% - 15.75% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 40.26% - 168.43% Utilization (h) 90.00% - 97.50% NPA (g) 0.62% - 2.08% Fixed index annuities guaranteed benefits 1,860 Discounted cash flow Equity volatility 6.65% - 52.35% Base lapse rate 0.20% - 50.00% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 24.00% - 146.00% Utilization (h) 60.00% - 97.50% Option budget 0.00% - 6.00% Equity / interest rate correlation 0.00% - 30.00% NPA (g) 0.62% - 2.08% Embedded derivatives within Policyholder contract deposits: Index credits on fixed index annuities (i) 5,573 Discounted cash flow Equity volatility 6.65% - 52.35% Base lapse rate 0.20% - 50.00% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 24.00% - 146.00% Utilization (h) 60.00% - 97.50% Option budget 0.00% - 6.00% Equity / interest rate correlation 0.00% - 30.00% NPA (g) 0.62% - 2.08% Index life 754 Discounted cash flow Base lapse rate 0.00% - 37.97% Mortality rate 0.00% - 100.00% Equity volatility 5.75% - 21.25% NPA (g) 0.62% - 2.08% (in millions) Fair Value at Valuation Unobservable Input (b) Range (Weighted Average) (c) Assets: Obligations of states, municipalities and political subdivisions $ 799 Discounted cash flow Yield 5.28% - 5.94% (5.61%) Corporate debt 2,527 Discounted cash flow Yield 4.98% - 9.36% (7.17%) RMBS (a) 5,235 Discounted cash flow Constant prepayment rate 4.89% - 10.49% (7.69%) Loss severity 45.06% - 76.87% (60.97%) Constant default rate 0.82% - 2.72% (1.77%) Yield 5.98% - 7.75% (6.87%) CLO/ABS (a) 7,503 Discounted cash flow Yield 6.00% - 7.97% (6.99%) CMBS 587 Discounted cash flow Yield 4.06% - 13.14% (8.60%) Market risk benefit assets 796 Discounted cash flow Equity volatility 6.45% - 50.75% Base lapse rate 0.16% - 28.80% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 38.25% - 160.01% Utilization (h) 80.00% - 100.00% Equity / interest rate correlation 0.00% - 30.00% NPA (g) 0.00% - 2.03% (in millions) Fair Value at Valuation Unobservable Input (b) Range (Weighted Average) (c) Liabilities (d) : Market risk benefit liabilities: Variable annuities guaranteed benefits 2,358 Discounted cash flow Equity volatility 6.45% - 50.75% Base lapse rate 0.16% - 28.80% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 38.25% - 160.01% Utilization (h) 80.00% - 100.00% Equity / interest rate correlation 0.00% - 30.00% NPA (g) 0.00% - 2.03% Fixed annuities guaranteed benefits 680 Discounted cash flow Base lapse rate 0.20% - 15.75% Dynamic lapse multiplier (e) 20.00% - 186.16% Mortality multiplier (e)(f) 40.26% - 168.43% Utilization (h) 90.00% - 97.50% NPA (g) 0.00% - 2.03% Fixed index annuities guaranteed benefits 1,698 Discounted cash flow Equity volatility 6.45% - 50.75% Base lapse rate 0.20% - 50.00% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 24.00% - 180.00% Utilization (h) 60.00% - 97.50% Option budget 0.00% - 5.00% Equity / interest rate correlation 0.00% - 30.00% NPA (g) 0.00% - 2.03% Embedded derivatives within Policyholder contract deposits: Index credits on fixed index annuities (i) 4,657 Discounted cash flow Equity volatility 6.45% - 50.75% Base lapse rate 0.20% - 50.00% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 24.00% - 180.00% Utilization (h) 60.00% - 97.50% Option budget 0.00% - 5.00% Equity / interest rate correlation 0.00% - 30.00% NPA (g) 0.00% - 2.03% Index life 710 Discounted cash flow Base lapse rate 0.00% - 37.97% Mortality rate 0.00% - 100.00% Equity volatility 5.75% - 23.63% NPA (g) 0.00% - 2.03% (a) Information received from third-party valuation service providers. The ranges of the unobservable inputs for constant prepayment rate, loss severity and constant default rate relate to each of the individual underlying mortgage loans that comprise the entire portfolio of securities in the RMBS and CLO securitization vehicles and not necessarily to the securitization vehicle bonds (tranches) purchased by us. The ranges of these inputs do not directly correlate to changes in the fair values of the tranches purchased by us, because there are other factors relevant to the fair values of specific tranches owned by us including, but not limited to, purchase price, position in the waterfall, senior versus subordinated position and attachment points. (b) Represents discount rates, estimates and assumptions that we believe would be used by market participants when valuing these assets and liabilities. (c) The weighted averaging for fixed maturity securities is based on the estimated fair value of the securities. Because the valuation methodology for embedded derivatives with policyholder contract deposits and market risk benefits uses a range of inputs that vary at the contract level over the cash flow projection period, management believes that presenting a range, rather than weighted average, is a more meaningful representation of the unobservable inputs used in the valuation. (d) The Fortitude Re funds withheld payable has been excluded from the above table. As discussed in Note 8, the Fortitude Re funds withheld payable is created through modco and funds withheld reinsurance arrangements where the investments supporting the reinsurance agreements are withheld by, and continue to reside on AIG’s balance sheet. This embedded derivative is valued as a total return swap with reference to the fair value of the invested assets held by AIG. Accordingly, the unobservable inputs utilized in the valuation of the embedded derivative are a component of the invested assets supporting the reinsurance agreements that are held on AIG’s balance sheet. (e) The ranges for these inputs vary due to the different guaranteed minimum withdrawal benefits (GMWB) product specification and policyholder characteristics across in-force policies. Policyholder characteristics that affect these ranges include age, policy duration, and gender. (f) Mortality inputs are shown as multipliers of the 2012 Individual Annuity Mortality Basic table. (g) The NPA applied as a spread over risk-free curve for discounting. (h) The partial withdrawal utilization unobservable input range shown applies only to policies with guaranteed minimum withdrawal benefit riders. The total embedded derivative liability at September 30, 2023 and December 31, 2022 was approximately $1.2 billion and $1.1 billion, respectively.
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share	The following table includes information related to our investments in certain other invested assets, including private equity funds, hedge funds and other alternative investments that calculate net asset value per share (or its equivalent). For these investments, which are measured at fair value on a recurring basis, we use the net asset value per share to measure fair value. September 30, 2023 December 31, 2022 (in millions) Investment Category Includes Fair Value Using NAV Per Share (or its equivalent) Unfunded Commitments Fair Value Using NAV Per Share (or its equivalent) Unfunded Commitments Investment Category Private equity funds: Leveraged buyout Debt and/or equity investments made as part of a transaction in which assets of mature companies are acquired from the current shareholders, typically with the use of financial leverage $ 3,609 $ 2,290 $ 3,146 $ 2,448 Real assets Investments in real estate properties, agricultural and infrastructure assets, including power plants and other energy producing assets 1,803 818 1,851 840 Venture capital Early-stage, high-potential, growth companies expected to generate a return through an eventual realization event, such as an initial public offering or sale of the company 268 154 272 183 Growth equity Funds that make investments in established companies for the purpose of growing their businesses 706 77 732 60 Mezzanine Funds that make investments in the junior debt and equity securities of leveraged companies 294 103 598 142 Other Includes distressed funds that invest in securities of companies that are in default or under bankruptcy protection, as well as funds that have multi- strategy, and other strategies 2,099 269 1,829 391 Total private equity funds 8,779 3,711 8,428 4,064 Hedge funds: Event-driven Securities of companies undergoing material structural changes, including mergers, acquisitions and other reorganizations 19 — 92 — Long-short Securities that the manager believes are undervalued, with corresponding short positions to hedge market risk 634 — 696 — Macro Investments that take long and short positions in financial instruments based on a top-down view of certain economic and capital market conditions 100 — 414 — Other Includes investments held in funds that are less liquid, as well as other strategies which allow for broader allocation between public and private investments 106 — 192 — Total hedge funds 859 — 1,394 — Total $ 9,638 $ 3,711 $ 9,822 $ 4,064
Fair Value Option	The following table presents the gains or losses recorded related to the eligible instruments for which we elected the fair value option: Gain (Loss) Three Months Gain (Loss) Nine Months (in millions) 2023 2022 2023 2022 Assets: Other bond securities (a) $ (38) $ (241) $ 97 $ (915) Alternative investments (b) 76 (57) 287 174 Liabilities: Long-term debt (c) 6 69 8 240 Total gain (loss) $ 44 $ (229) $ 392 $ (501) (a) Includes certain securities supporting the funds withheld arrangements with Fortitude Re. For additional information regarding the gains and losses for Other bond securities, see Note 6. For additional information regarding the funds withheld arrangements with Fortitude Re, see Note 8. (b) Includes certain hedge funds, private equity funds and other investment partnerships. (c) Includes guaranteed investment agreements (GIAs), notes, bonds and mortgages payable. The following table presents the difference between fair value and the aggregate contractual principal amount of long-term debt for which the fair value option was elected: September 30, 2023 December 31, 2022 (in millions) Fair Value Outstanding Principal Amount Difference Fair Value Outstanding Principal Amount Difference Liabilities: Long-term debt* $ 102 $ 99 $ 3 $ 56 $ 45 $ 11 * Includes GIAs, notes, bonds, loans and mortgages payable.
Fair Value Measurements, Nonrecurring	The following table presents assets measured at fair value on a non-recurring basis at the time of impairment and the related impairment charges recorded during the periods presented: Assets at Fair Value Impairment Charges Non-Recurring Basis Three Months Ended Nine Months Ended (in millions) Level 1 Level 2 Level 3 Total 2023 2022 2023 2022 September 30, 2023 Other investments $ — $ — $ 46 $ 46 $ 9 $ 11 $ 9 $ 11 Other assets — — — — 32 — 49 — Total $ — $ — $ 46 $ 46 $ 41 $ 11 $ 58 $ 11 December 31, 2022 Other investments $ — $ — $ 12 $ 12 Total $ — $ — $ 12 $ 12
Fair Value, by Balance Sheet Grouping	FAIR VALUE INFORMATION ABOUT FINANCIAL INSTRUMENTS NOT MEASURED AT FAIR VALUE The following table presents the carrying amounts and estimated fair values of our financial instruments not measured at fair value and indicates the level in the fair value hierarchy of the estimated fair value measurement based on the observability of the inputs used: Estimated Fair Value Carrying (in millions) Level 1 Level 2 Level 3 Total September 30, 2023 Assets: Mortgage and other loans receivable $ — $ 272 $ 46,293 $ 46,565 $ 50,922 Other invested assets — 875 6 881 881 Short-term investments (a) — 6,589 — 6,589 6,589 Cash (b) 1,994 — — 1,994 1,994 Other assets 35 1 — 36 36 Liabilities: Policyholder contract deposits associated with investment-type contracts — 97 132,378 132,475 140,107 Fortitude Re funds withheld payable — — 31,104 31,104 31,104 Other liabilities (c) — 733 — 733 733 Short-term and long-term debt — 18,719 252 18,971 21,236 Debt of consolidated investment entities — 36 2,651 2,687 2,717 Separate account liabilities - investment contracts — 80,907 — 80,907 80,907 December 31, 2022 Assets: Mortgage and other loans receivable $ — $ 89 $ 45,755 $ 45,844 $ 49,442 Other invested assets — 848 6 854 854 Short-term investments — 6,668 — 6,668 6,668 Cash 2,043 — — 2,043 2,043 Other assets 24 9 — 33 33 Liabilities: Policyholder contract deposits associated with investment-type contracts — 119 129,174 129,293 137,086 Fortitude Re funds withheld payable — — 32,618 32,618 32,618 Other liabilities — 3,101 — 3,101 3,101 Short-term and long-term debt — 19,328 275 19,603 21,243 Debt of consolidated investment entities — 3,055 2,478 5,533 5,880 Separate account liabilities - investment contracts — 80,649 — 80,649 80,649 (a) Excludes $104 million reclassified to Assets held for sale on the Condensed Consolidated Balance Sheets. (b) Excludes $193 million reclassified to Assets held for sale on the Condensed Consolidated Balance Sheets.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Fair Value of Available For Sale Securities	The following table presents the amortized cost and fair value of our available for sale securities: (in millions) Amortized Cost Allowance for Credit Losses (a) Gross Unrealized Gains Gross Unrealized Losses Fair Value September 30, 2023 Bonds available for sale: U.S. government and government sponsored entities $ 6,456 $ — $ 4 $ (506) $ 5,954 Obligations of states, municipalities and political subdivisions 11,781 — 39 (1,374) 10,446 Non-U.S. governments 13,559 (4) 68 (1,899) 11,724 Corporate debt 151,989 (87) 806 (26,617) 126,091 Mortgage-backed, asset-backed and collateralized: RMBS 19,643 (33) 826 (1,705) 18,731 CMBS 15,143 (13) 18 (1,638) 13,510 CLO/ABS 30,120 (1) 120 (1,755) 28,484 Total mortgage-backed, asset-backed and collateralized 64,906 (47) 964 (5,098) 60,725 Total bonds available for sale (b) $ 248,691 $ (138) $ 1,881 $ (35,494) $ 214,940 December 31, 2022 Bonds available for sale: U.S. government and government sponsored entities $ 7,094 $ — $ 21 $ (496) $ 6,619 Obligations of states, municipalities and political subdivisions 13,195 — 99 (1,195) 12,099 Non-U.S. governments 15,133 (6) 91 (1,733) 13,485 Corporate debt 160,242 (132) 1,152 (23,423) 137,839 Mortgage-backed, asset-backed and collateralized: RMBS 19,584 (37) 807 (1,537) 18,817 CMBS 15,610 (11) 14 (1,420) 14,193 CLO/ABS 25,135 — 38 (2,069) 23,104 Total mortgage-backed, asset-backed and collateralized 60,329 (48) 859 (5,026) 56,114 Total bonds available for sale (b) $ 255,993 $ (186) $ 2,222 $ (31,873) $ 226,156 (a) Represents the allowance for credit losses that has been recognized. Changes in the allowance for credit losses are recorded through Net realized gains (losses) and are not recognized in OCI. (b) At September 30, 2023 and December 31, 2022, the fair value of bonds available for sale held by us that were below investment grade or not rated totaled $17.4 billion or 8 percent and $22.3 billion or 10 percent, respectively.
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value	The following table summarizes the fair value and gross unrealized losses on our available for sale securities, aggregated by major investment category and length of time that individual securities have been in a continuous unrealized loss position for which no allowance for credit loss has been recorded: Less than 12 Months 12 Months or More Total (in millions) Fair Gross Fair Gross Fair Gross September 30, 2023 Bonds available for sale: U.S. government and government sponsored entities $ 4,708 $ 307 $ 816 $ 199 $ 5,524 $ 506 Obligations of states, municipalities and political subdivisions 5,378 589 4,099 785 9,477 1,374 Non-U.S. governments 6,831 965 3,578 928 10,409 1,893 Corporate debt 53,646 10,739 62,852 15,812 116,498 26,551 RMBS 7,529 705 5,481 961 13,010 1,666 CMBS 6,322 770 5,851 860 12,173 1,630 CLO/ABS 10,794 536 11,640 1,219 22,434 1,755 Total bonds available for sale $ 95,208 $ 14,611 $ 94,317 $ 20,764 $ 189,525 $ 35,375 December 31, 2022 Bonds available for sale: U.S. government and government sponsored entities $ 3,493 $ 368 $ 1,816 $ 128 $ 5,309 $ 496 Obligations of states, municipalities and political subdivisions 8,697 1,180 73 15 8,770 1,195 Non-U.S. governments 10,702 1,526 779 191 11,481 1,717 Corporate debt 110,683 19,756 13,778 3,609 124,461 23,365 RMBS 10,953 1,293 1,005 182 11,958 1,475 CMBS 11,620 1,094 1,728 326 13,348 1,420 CLO/ABS 16,852 1,388 4,307 681 21,159 2,069 Total bonds available for sale $ 173,000 $ 26,605 $ 23,486 $ 5,132 $ 196,486 $ 31,737
Investments Classified by Contractual Maturity Date	The following table presents the amortized cost and fair value of fixed maturity securities available for sale by contractual maturity: September 30, 2023 Total Fixed Maturity Securities (in millions) Amortized Cost, Fair Value Due in one year or less $ 8,243 $ 8,120 Due after one year through five years 46,097 43,640 Due after five years through ten years 40,730 35,826 Due after ten years 88,624 66,629 Mortgage-backed, asset-backed and collateralized 64,859 60,725 Total $ 248,553 $ 214,940
Realized Gain (Loss) on Investments	The following table presents the gross realized gains and gross realized losses from sales or maturities of our available for sale securities: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (in millions) Gross Gross Gross Gross Gross Gross Gross Gross Fixed maturity securities $ 18 $ 181 $ 123 $ 254 $ 247 $ 1,203 $ 406 $ 1,280 The following table presents the components of Net realized gains (losses): Three Months Ended September 30, 2023 2022 (in millions) Excluding Fortitude Re Total Excluding Fortitude Re Total Sales of fixed maturity securities $ (157) $ (6) $ (163) $ (67) $ (64) $ (131) Change in allowance for credit losses on fixed maturity securities (47) (7) (54) (1) 7 6 Change in allowance for credit losses on loans (41) (22) (63) (26) (24) (50) Foreign exchange transactions (165) (38) (203) (242) (22) (264) Index-linked interest credited embedded derivatives, net of related hedges 129 — 129 34 — 34 All other derivatives and hedge accounting* 377 (149) 228 1,044 (13) 1,031 Sales of alternative investments and real estate investments 65 (1) 64 137 32 169 Other 10 (4) 6 22 (2) 20 Net realized gains (losses) – excluding Fortitude Re funds withheld embedded derivative 171 (227) (56) 901 (86) 815 Net realized gains on Fortitude Re funds withheld embedded derivative — 1,137 1,137 — 1,757 1,757 Net realized gains $ 171 $ 910 $ 1,081 $ 901 $ 1,671 $ 2,572 Nine Months Ended September 30, 2023 2022 (in millions) Excluding Fortitude Fortitude Re Total Excluding Fortitude Fortitude Re Total Sales of fixed maturity securities $ (831) $ (125) $ (956) $ (656) $ (218) $ (874) Change in allowance for credit losses on fixed maturity securities (119) (9) (128) (101) (34) (135) Change in allowance for credit losses on loans (129) (48) (177) (21) (26) (47) Foreign exchange transactions 160 (11) 149 (484) (46) (530) Index-linked interest credited embedded derivatives, net of related hedges (190) — (190) 217 — 217 All other derivatives and hedge accounting* 186 (198) (12) 2,126 (21) 2,105 Sales of alternative investments and real estate investments 73 (1) 72 160 35 195 Other (31) (4) (35) 3 (2) 1 Net realized gains (losses) – excluding Fortitude Re funds withheld embedded derivative (881) (396) (1,277) 1,244 (312) 932 Net realized gains (losses) on Fortitude Re funds withheld embedded derivative — 152 152 — 7,851 7,851 Net realized gains (losses) $ (881) $ (244) $ (1,125) $ 1,244 $ 7,539 $ 8,783 * Derivative activity related to hedging MRBs is recorded in Change in the fair value of MRBs, net. For additional disclosures about MRBs, see Note 13.
Debt Securities, Trading, and Equity Securities, FV-NI	The following table presents the fair value of fixed maturity securities measured at fair value based on our election of the fair value option, which are reported in the other bond securities caption in the financial statements, and equity securities measured at fair value: (in millions) September 30, 2023 December 31, 2022 Fair Percent Fair Percent Fixed maturity securities: Obligations of states, municipalities and political subdivisions $ 91 2 % $ 111 2 % Non-U.S. governments 33 1 66 1 Corporate debt 2,624 49 2,392 47 Mortgage-backed, asset-backed and collateralized: RMBS 267 5 286 6 CMBS 278 5 331 7 CLO/ABS and other collateralized 1,547 29 1,299 26 Total mortgage-backed, asset-backed and collateralized 2,092 39 1,916 39 Total fixed maturity securities 4,840 91 4,485 89 Equity securities 515 9 575 11 Total $ 5,355 100 % $ 5,060 100 %
Schedule of Other Invested Assets	The following table summarizes the carrying amounts of other invested assets: (in millions) September 30, 2023 December 31, 2022 Alternative investments (a)(b) $ 11,643 $ 11,809 Investment real estate (c) 2,208 2,153 All other investments (d) 2,203 1,991 Total $ 16,054 $ 15,953 (a) At September 30, 2023, included hedge funds of $0.9 billion and private equity funds of $10.8 billion. At December 31, 2022, included hedge funds of $1.4 billion and private equity funds of $10.4 billion. (b) The majority of our hedge fund investments are redeemable upon a single month or quarter’s notice, though redemption terms vary from single, immediate withdrawals, to withdrawals staggered up to eight quarters. Some of the portfolio consists of illiquid run-off or “side-pocket” positions whose liquidation horizons are uncertain and likely beyond a year after submission of the redemption notice. (c) Represents values net of accumulated depreciation. At September 30, 2023 and December 31, 2022, the accumulated depreciation was $820 million and $786 million, respectively.
Investment Income	NET INVESTMENT INCOME The following table presents the components of Net investment income: Three Months Ended September 30, 2023 2022 (in millions) Excluding Fortitude Fortitude Re Total Excluding Fortitude Fortitude Re Total Available for sale fixed maturity securities, including short-term investments $ 2,697 $ 221 $ 2,918 $ 2,150 $ 256 $ 2,406 Other fixed maturity securities (a) (2) (37) (39) (73) (168) (241) Equity securities 41 — 41 16 — 16 Interest on mortgage and other loans 631 61 692 515 53 568 Alternative investments (b) 26 25 51 (49) 11 (38) Real estate 8 — 8 14 — 14 Other investments (c) 64 2 66 83 11 94 Total investment income 3,465 272 3,737 2,656 163 2,819 Investment expenses 173 8 181 143 8 151 Net investment income $ 3,292 $ 264 $ 3,556 $ 2,513 $ 155 $ 2,668 Nine Months Ended September 30, 2023 2022 (in millions) Excluding Fortitude Fortitude Re Total Excluding Fortitude Fortitude Re Total Available for sale fixed maturity securities, including short-term investments $ 7,872 $ 696 $ 8,568 $ 6,338 $ 824 $ 7,162 Other fixed maturity securities (a) 18 79 97 (449) (466) (915) Equity securities 135 — 135 (41) — (41) Interest on mortgage and other loans 1,823 178 2,001 1,428 150 1,578 Alternative investments (b) 249 69 318 729 138 867 Real estate 28 — 28 46 — 46 Other investments (c) 100 2 102 277 14 291 Total investment income 10,225 1,024 11,249 8,328 660 8,988 Investment expenses 566 23 589 453 26 479 Net investment income $ 9,659 $ 1,001 $ 10,660 $ 7,875 $ 634 $ 8,509 (a) Included in the three and nine months ended September 30, 2022 were income (loss) of $(57) million and $(208) million, respectively, related to fixed maturity securities measured at fair value that economically hedge liabilities described in (c) below . (b) Included income from hedge funds, private equity funds and affordable housing partnerships. Hedge funds are recorded as of the balance sheet date. Private equity funds are generally reported on a one-quarter lag.
Unrealized Gain (Loss) on Investments	The following table presents the increase (decrease) in unrealized appreciation (depreciation) of our available for sale securities and other investments: Three Months Ended Nine Months Ended (in millions) 2023 2022 2023 2022 Increase (decrease) in unrealized appreciation (depreciation) of investments: Fixed maturity securities $ (7,033) $ (12,134) $ (3,962) $ (50,191) Other investments — — — (14) Total increase (decrease) in unrealized appreciation (depreciation) of investments* $ (7,033) $ (12,134) $ (3,962) $ (50,205) * Excludes net unrealized gains and losses attributable to businesses held for sale at September 30, 2023. The following table summarizes the unrealized gains and losses recognized in Net investment income during the reporting period on equity securities and other investments still held at the reporting date: Three Months Ended September 30, 2023 2022 (in millions) Equities Other Total Equities Other Total Net gains (losses) recognized during the period on equity securities and other investments $ 41 $ 102 $ 143 $ 16 $ (98) $ (82) Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period 19 (2) 17 26 13 39 Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date $ 22 $ 104 $ 126 $ (10) $ (111) $ (121) Nine Months Ended September 30, 2023 2022 (in millions) Equities Other Total Equities Other Total Net gains (losses) recognized during the period on equity securities and other investments $ 135 $ 399 $ 534 $ (41) $ 306 $ 265 Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period 159 16 175 119 (23) 96 Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date $ (24) $ 383 $ 359 $ (160) $ 329 $ 169
Debt Securities, Available-for-sale, Allowance for Credit Loss	The following table presents a rollforward of the changes in allowance for credit losses on available for sale fixed maturity securities by major investment category: Three Months Ended September 30, 2023 2022 (in millions) Structured Non- Total Structured Non- Total Balance, beginning of period $ 47 $ 78 $ 125 $ 26 $ 149 $ 175 Additions: Securities for which allowance for credit losses were not previously recorded 12 65 77 6 25 31 Reductions: Securities sold during the period (1) (16) (17) (1) (45) (46) Addition to (release of) the allowance for credit losses on securities that had an allowance recorded in a previous period, for which there was no intent to sell before recovery of amortized cost basis 4 (27) (23) — (37) (37) Write-offs charged against the allowance (15) (12) (27) — (7) (7) Other — 3 3 (1) — (1) Balance, end of period $ 47 $ 91 $ 138 $ 30 $ 85 $ 115 Nine Months Ended September 30, 2023 2022 (in millions) Structured Non- Total Structured Non- Total Balance, beginning of year $ 46 $ 140 $ 186 $ 8 $ 90 $ 98 Additions: Securities for which allowance for credit losses were not previously recorded 30 127 157 57 181 238 Reductions: Securities sold during the period (4) (42) (46) (2) (86) (88) Addition to (release of) the allowance for credit losses on securities that had an allowance recorded in a previous period, for which there was no intent to sell before recovery of amortized cost basis — (29) (29) (32) (71) (103) Write-offs charged against the allowance (25) (99) (124) — (29) (29) Other — (6) (6) (1) — (1) Balance, end of period $ 47 $ 91 $ 138 $ 30 $ 85 $ 115
Schedule of Financial Instruments Owned and Pledged as Collateral	The following table presents the fair value of securities pledged to counterparties under secured financing transactions, including repurchase and securities lending agreements: (in millions) September 30, 2023 December 31, 2022 Fixed maturity securities available for sale $ 764 $ 2,968 The following table presents the fair value of securities pledged under our repurchase agreements by collateral type and by remaining contractual maturity: Remaining Contractual Maturity of the Agreements (in millions) Overnight up to 31 - 90 91 - 364 365 days Total September 30, 2023 Bonds available for sale: Non-U.S. governments $ — $ 38 $ — $ — $ — $ 38 Corporate debt 34 692 — — — 726 Total $ 34 $ 730 $ — $ — $ — $ 764 Remaining Contractual Maturity of the Agreements (in millions) Overnight up to 31 - 90 91 - 364 365 days Total December 31, 2022 Bonds available for sale: Non-U.S. governments $ — $ 20 $ — $ — $ — $ 20 Corporate debt — 2,371 577 — — 2,948 Total $ — $ 2,391 $ 577 $ — $ — $ 2,968 The following table presents information on the fair value of securities pledged to us under reverse repurchase agreements: (in millions) September 30, 2023 December 31, 2022 Securities collateral pledged to us $ 1,131 $ —

Lending Activities (Tables)

Lending Activities (Tables)	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Composition of Mortgages and Other Loans Receivable	The following table presents the composition of Mortgage and other loans receivable, net: (in millions) September 30, 2023 December 31, 2022 Commercial mortgages (a) $ 37,996 $ 37,128 Residential mortgages 8,098 6,130 Life insurance policy loans 1,768 1,758 Commercial loans, other loans and notes receivable (b) 3,946 5,305 Total mortgage and other loans receivable (c) 51,808 50,321 Allowance for credit losses (c) (d) (886) (716) Mortgage and other loans receivable, net (c) $ 50,922 $ 49,605 (a) Commercial mortgages primarily represent loans for apartments, offices and retail properties, with exposures in New York and California representing the largest geographic concentrations (aggregating approximately 18 percent and 11 percent, respectively, at September 30, 2023 and 19 percent and 11 percent, respectively, at December 31, 2022). (b) There were no loans that were held for sale carried at lower of cost or market as of September 30, 2023. The net carrying value of loans carried at lower of cost or market was $170 million as of December 31, 2022. (c) Excludes $37.6 billion at both September 30, 2023 and December 31, 2022 of loan receivable from AIGFP, which has a full allowance for credit losses, recognized upon the deconsolidation of AIGFP. For additional information, see Note 1. (d) Does not include allowance for credit losses of $70 million and $69 million, respectively, at September 30, 2023 and December 31, 2022, in relation to off-balance-sheet commitments to fund commercial mortgage loans, which is recorded in Other liabilities.
Credit Quality	The following table presents debt service coverage ratios (a) for commercial mortgages by year of vintage: September 30, 2023 2023 2022 2021 2020 2019 Prior Total (in millions) >1.2X $ 1,612 $ 5,790 $ 2,354 $ 1,362 $ 5,091 $ 14,822 $ 31,031 1.00 - 1.20X 110 1,065 1,477 350 243 2,667 5,912 <1.00X — 48 — — — 1,005 1,053 Total commercial mortgages $ 1,722 $ 6,903 $ 3,831 $ 1,712 $ 5,334 $ 18,494 $ 37,996 December 31, 2022 2022 2021 2020 2019 2018 Prior Total (in millions) >1.2X $ 5,518 $ 2,457 $ 1,710 $ 4,985 $ 4,120 $ 11,663 $ 30,453 1.00 - 1.20X 910 898 473 416 567 1,353 4,617 <1.00X 45 — 23 52 744 1,194 2,058 Total commercial mortgages $ 6,473 $ 3,355 $ 2,206 $ 5,453 $ 5,431 $ 14,210 $ 37,128 The following table presents loan-to-value ratios (b) for commercial mortgages by year of vintage: September 30, 2023 2023 2022 2021 2020 2019 Prior Total (in millions) Less than 65% $ 1,546 $ 4,588 $ 2,871 $ 1,254 $ 3,789 $ 12,601 $ 26,649 65% to 75% 176 1,701 619 239 1,495 3,821 8,051 76% to 80% — 564 52 — — 171 787 Greater than 80% — 50 289 219 50 1,901 2,509 Total commercial mortgages $ 1,722 $ 6,903 $ 3,831 $ 1,712 $ 5,334 $ 18,494 $ 37,996 December 31, 2022 2022 2021 2020 2019 2018 Prior Total (in millions) Less than 65% $ 5,425 $ 2,548 $ 1,775 $ 3,958 $ 3,016 $ 10,739 $ 27,461 65% to 75% 998 517 405 1,445 1,487 1,393 6,245 76% to 80% 50 52 — — 168 229 499 Greater than 80% — 238 26 50 760 1,849 2,923 Total commercial mortgages $ 6,473 $ 3,355 $ 2,206 $ 5,453 $ 5,431 $ 14,210 $ 37,128 (a) The debt service coverage ratio compares a property’s net operating income to its debt service payments, including principal and interest. Our weighted average debt service coverage ratio was 1.9x at both September 30, 2023 and December 31, 2022. The debt service coverage ratios are updated when additional relevant information becomes available. (b) The loan-to-value ratio compares the current unpaid principal balance of the loan to the estimated fair value of the underlying property collateralizing the loan. Our weighted average loan-to-value ratio was 59 percent at September 30, 2023 and 59 percent at December 31, 2022. The loan-to-value ratios have been updated within the last three months to reflect the current carrying values of the loans. We update the valuations of collateral properties by obtaining independent appraisals, generally at least once per year. The following table presents supplementary credit quality information related to commercial mortgages: Number Class Percent (dollars in millions) Apartments Offices Retail Industrial Hotel Others Total September 30, 2023 Past Due Status: In good standing 635 $ 15,175 $ 9,761 $ 3,936 $ 6,414 $ 2,047 $ 432 $ 37,765 99 % 90 days or less delinquent 1 — 34 — — — — 34 — >90 days delinquent or in process of foreclosure (a) 2 — 157 40 — — — 197 1 Total (b) 638 $ 15,175 $ 9,952 $ 3,976 $ 6,414 $ 2,047 $ 432 $ 37,996 100 % Allowance for credit losses $ 93 $ 507 $ 83 $ 86 $ 37 $ 6 $ 812 2 % December 31, 2022 Past Due Status: In good standing 625 $ 14,597 $ 10,102 $ 3,774 $ 6,006 $ 2,027 $ 407 $ 36,913 99 % 90 days or less delinquent — — — — — — — — — >90 days delinquent or in process of foreclosure (a) 4 — 173 42 — — — 215 1 Total (b) 629 $ 14,597 $ 10,275 $ 3,816 $ 6,006 $ 2,027 $ 407 $ 37,128 100 % Allowance for credit losses $ 100 $ 351 $ 81 $ 71 $ 29 $ 8 $ 640 2 % (a) Includes $157 million and $156 million of Office loans supporting the Fortitude Re funds withheld arrangements, greater than 90 days delinquent or in process of foreclosure, at September 30, 2023 and December 31, 2022, respectively. (b) Does not reflect allowance for credit losses. The following table presents credit quality performance indicators for residential mortgages by year of vintage: September 30, 2023 2023 2022 2021 2020 2019 Prior Total (in millions) FICO*: 780 and greater $ 354 $ 568 $ 2,296 $ 630 $ 242 $ 618 $ 4,708 720 - 779 822 598 550 169 100 248 2,487 660 - 719 215 249 103 40 38 130 775 600 - 659 2 21 10 9 9 53 104 Less than 600 — — 2 2 4 16 24 Total residential mortgages $ 1,393 $ 1,436 $ 2,961 $ 850 $ 393 $ 1,065 $ 8,098 December 31, 2022 2022 2021 2020 2019 2018 Prior Total (in millions) FICO*: 780 and greater $ 296 $ 2,204 $ 654 $ 232 $ 77 $ 567 $ 4,030 720 - 779 536 728 168 76 32 169 1,709 660 - 719 163 80 28 16 9 62 358 600 - 659 2 4 2 2 2 14 26 Less than 600 — — — 1 — 6 7 Total residential mortgages $ 997 $ 3,016 $ 852 $ 327 $ 120 $ 818 $ 6,130 * Fair Isaac Corporation (FICO) is the credit quality indicator used to evaluate consumer credit risk for residential mortgage loan borrowers and have been updated within the last twelve months.
Allowance for Credit Loss	The following table presents a rollforward of the changes in the allowance for credit losses on Mortgage and other loans receivable (a) : Three Months Ended September 30, 2023 (b) 2022 (in millions) Commercial Other Total Commercial Other Total Allowance, beginning of period $ 737 $ 69 $ 806 $ 525 $ 78 $ 603 Addition to (release of) allowance for loan losses 75 5 80 39 13 52 Allowance, end of period $ 812 $ 74 $ 886 $ 564 $ 91 $ 655 Nine Months Ended September 30, 2023 (b) 2022 (in millions) Commercial Other Total Commercial Other Total Allowance, beginning of year $ 640 $ 76 $ 716 $ 545 $ 84 $ 629 Loans charged off (6) — (6) (4) — (4) Net charge-offs (6) — (6) (4) — (4) Addition to (release of) allowance for loan losses 178 (2) 176 23 7 30 Allowance, end of period $ 812 $ 74 $ 886 $ 564 $ 91 $ 655 (a) Does not include allowance for credit losses of $70 million and $87 million, respectively, at September 30, 2023 and 2022 in relation to off-balance-sheet commitments to fund commercial mortgage loans, which is recorded in Other liabilities. (b) Excludes $37.6 billion at both September 30, 2023 and December 31, 2022, of loan receivable from AIGFP, which has a full allowance for credit losses, recognized upon the deconsolidation of AIGFP. For additional information, see Note 1.

Reinsurance (Tables)

Reinsurance (Tables)	9 Months Ended
	Sep. 30, 2023
Insurance [Abstract]
Effects of Reinsurance	The following tables present the transition rollforward for Reinsurance assets: (in millions) Individual Life Institutional Total Reinsurance assets - other, net of allowance for credit losses and disputes (a) Pre-adoption, December 31, 2020 $ 309 $ 2,370 $ 28 $ 2,707 Reclassification of Cost of Reinsurance (b) — 416 — 416 Reclassification to Market risk benefits (35) — — (35) Change in cash flow assumptions and effect of net premiums exceeding gross premiums — 9 — 9 Change due to the current upper-medium grade discount rate — 74 5 79 Post-adoption January 1, 2021 $ 274 $ 2,869 $ 33 $ 3,176 (in millions) Total Reinsurance assets - Fortitude Re, net of allowance for credit losses and disputes (c) Pre-adoption, December 31, 2020 $ 29,135 Change in cash flow assumptions and effect of net premiums exceeding gross premiums 55 Change due to the current upper-medium grade discount rate 7,611 Post-adoption January 1, 2021 $ 36,801 (a) Excludes $36.3 billion of Reinsurance assets - other, net of allowance for credit losses and disputes in General Insurance and Other Operations. (b) Cost of reinsurance is reported in Other liabilities in the Condensed consolidated Balance sheets.
Summary of Assets Supporting Funds Withheld Arrangements	There is a diverse pool of assets supporting the funds withheld arrangements with Fortitude Re. The following summarizes the composition of the pool of assets: September 30, 2023 December 31, 2022 (in millions) Carrying Fair Carrying Fair Corresponding Accounting Policy Fixed maturity securities - available for sale (a) $ 15,955 $ 15,955 $ 18,821 $ 18,821 Fair value through other comprehensive income (loss) Fixed maturity securities - fair value option 4,418 4,418 4,182 4,182 Fair value through net investment income Commercial mortgage loans 4,129 3,822 4,107 3,837 Amortized cost Real estate investments 122 295 133 348 Amortized cost Private equity funds / hedge funds 1,856 1,856 1,893 1,893 Fair value through net investment income Policy loans 335 335 355 355 Amortized cost Short-term investments 152 152 75 75 Fair value through net investment income Funds withheld investment assets 26,967 26,833 29,566 29,511 Derivative assets, net (b) 2 2 90 90 Fair value through net realized gains (losses) Other (c) 856 856 782 782 Amortized cost Total $ 27,825 $ 27,691 $ 30,438 $ 30,383 (a) The change in the net unrealized gains (losses) on available for sale securities related to the Fortitude Re funds withheld assets was $(740) million ($(585) million after-tax) and $(7.7) billion ($(6.1) billion after-tax), respectively for the nine months ended September 30, 2023 and 2022. (b) The derivative assets and liabilities have been presented net of cash collateral. The derivative assets and liabilities supporting the Fortitude Re funds withheld arrangements had a fair market value of $18 million and $27 million, respectively, as of September 30, 2023. The derivative assets and liabilities supporting the Fortitude Re funds withheld arrangements had a fair market value of $192 million and $28 million, respectively, as of December 31, 2022. These derivative assets and liabilities are fully collateralized either by cash or securities. (c) Primarily comprised of Cash and Accrued investment income.
Summary of The Impact of Funds Withheld Arrangements	The impact of the funds withheld arrangements with Fortitude Re was as follows: Three Months Ended Nine Months Ended (in millions) 2023 2022 2023 2022 Net investment income - Fortitude Re funds withheld assets $ 264 $ 155 $ 1,001 $ 634 Net realized gains (losses) on Fortitude Re funds withheld assets: Net realized losses - Fortitude Re funds withheld assets (227) (86) (396) (312) Net realized gains - Fortitude Re funds withheld embedded derivative 1,137 1,757 152 7,851 Net realized gains (losses) on Fortitude Re funds withheld assets 910 1,671 (244) 7,539 Income from continuing operations before income tax expense 1,174 1,826 757 8,173 Income tax expense (a) 247 383 159 1,716 Net income 927 1,443 598 6,457 Change in unrealized depreciation of all other investments (a) (882) (1,317) (585) (6,111) Comprehensive income $ 45 $ 126 $ 13 $ 346 (a) The income tax expense (benefit) and the tax impact in AOCI was computed using AIG’s U.S. statutory tax rate of 21 percent.
Reinsurance Recoverable, Allowance for Credit Loss	The following table presents a rollforward of the reinsurance recoverable allowance: Three Months Ended September 30, 2023 2022 (in millions) General Insurance Life and Retirement Total General Insurance Life and Retirement Total Balance, beginning of period $ 254 $ 66 $ 320 $ 284 $ 107 $ 391 Addition to (release of) allowance for expected credit losses and disputes, net 1 4 5 4 1 5 Write-offs charged against the allowance for credit losses and disputes — — — (1) — (1) Other changes (1) — (1) (1) — (1) Balance, end of period $ 254 $ 70 $ 324 $ 286 $ 108 $ 394 Nine Months Ended September 30, 2023 2022 (in millions) General Insurance Life and Retirement Total General Insurance Life and Retirement Total Balance, beginning of year $ 260 $ 84 $ 344 $ 281 $ 101 $ 382 Addition to (release of) allowance for expected credit losses and disputes, net (3) (14) (17) 5 7 12 Write-offs charged against the allowance for credit losses and disputes (1) — (1) (3) — (3) Recoveries of amounts previously written off — — — 2 — 2 Other changes (2) — (2) 1 — 1 Balance, end of period $ 254 $ 70 $ 324 $ 286 $ 108 $ 394

Deferred Policy Acquisition C_2

Deferred Policy Acquisition Costs (Tables)	9 Months Ended
	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Policy Acquisition Costs	The following table presents the transition rollforward for DAC*: Individual Group Life Institutional Total (in millions) Pre-adoption December 31, 2020 DAC balance $ 2,359 $ 560 $ 4,371 $ 26 $ 7,316 Adjustments for the removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses) 2,062 534 547 7 3,150 Post-adoption January 1, 2021 DAC balance $ 4,421 $ 1,094 $ 4,918 $ 33 $ 10,466 * Excludes $2.5 billion of DAC in General Insurance. The following table presents a rollforward of DAC: Nine Months Ended September 30, 2023 General Individual Group Life Institutional (in millions) Total Balance, beginning of year $ 2,310 $ 4,597 $ 1,060 $ 4,839 $ 51 $ 12,857 Capitalization 3,310 519 55 354 22 4,260 Amortization expense (2,884) (422) (62) (299) (6) (3,673) Other, including foreign exchange (76) — — 9 — (67) Reclassified to held for sale (623) — — (755) — (1,378) Balance, end of period $ 2,037 $ 4,694 $ 1,053 $ 4,148 $ 67 $ 11,999 Nine Months Ended September 30, 2022 Balance, beginning of year $ 2,428 $ 4,553 $ 1,078 $ 4,904 $ 38 $ 13,001 Capitalization 2,960 420 44 319 13 3,756 Amortization expense (2,668) (380) (59) (311) (5) (3,423) Other, including foreign exchange (242) — — (131) — (373) Balance, end of period $ 2,478 $ 4,593 $ 1,063 $ 4,781 $ 46 $ 12,961 The following table presents the transition rollforward for DSI*: (in millions) Individual Group Total Pre-adoption December 31, 2020 DSI balance $ 190 $ 91 $ 281 Adjustments for the removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses) 284 114 398 Post-adoption January 1, 2021 DSI balance $ 474 $ 205 $ 679 * Other assets, excluding DSI, totaled $12.8 billion. The following table presents a rollforward of DSI: Nine Months Ended September 30, 2023 2023 2022 (in millions) Individual Group Total Individual Group Total Balance, beginning of year $ 381 $ 177 $ 558 $ 428 $ 191 $ 619 Capitalization 5 — 5 5 — 5 Amortization expense (41) (10) (51) (41) (10) (51) Balance, end of period* $ 345 $ 167 $ 512 $ 392 $ 181 $ 573 * At September 30, 2023 and 2022, Other assets, excluding DSI, totaled $11.3 billion and $11.9 billion, respectively.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Variable Interest Entities	The following table presents the total assets and total liabilities associated with our variable interests in consolidated VIEs, as classified in the Condensed Consolidated Balance Sheets: (in millions) Real Estate and Investment Entities (d) Securitization Vehicles (e) Total September 30, 2023 Assets: Bonds available for sale $ — $ 141 $ 141 Other bond securities 2 — 2 Equity securities 7 — 7 Mortgage and other loans receivable — 2,081 2,081 Other invested assets Alternative investments (a) 2,849 — 2,849 Investment real estate 1,414 — 1,414 Short-term investments 134 30 164 Cash 54 — 54 Accrued investment income — 6 6 Other assets 80 4 84 Total (b) $ 4,540 $ 2,262 $ 6,802 Liabilities: Debt of consolidated investment entities $ 1,163 $ 1,120 $ 2,283 Other (c) 70 4 74 Total $ 1,233 $ 1,124 $ 2,357 (in millions) Real Estate and Investment Entities (d) Securitization Vehicles (e) Total December 31, 2022 Assets: Bonds available for sale $ — $ 3,672 $ 3,672 Equity securities 51 — 51 Mortgage and other loans receivable — 2,221 2,221 Other invested assets Alternative investments (a) 2,842 — 2,842 Investment real estate 1,731 — 1,731 Short-term investments 191 281 472 Cash 71 — 71 Accrued investment income — 9 9 Other assets 102 70 172 Total (b) $ 4,988 $ 6,253 $ 11,241 Liabilities: Debt of consolidated investment entities $ 1,358 $ 4,336 $ 5,694 Other (c) 85 47 132 Total $ 1,443 $ 4,383 $ 5,826 (a) Comprised primarily of investments in real estate joint ventures at September 30, 2023 and December 31, 2022. (b) The assets of each VIE can be used only to settle specific obligations of that VIE. (c) Comprised primarily of Other liabilities at September 30, 2023 and December 31, 2022. (d) At September 30, 2023 and December 31, 2022, off-balance sheet exposure primarily consisting of our insurance companies’ commitments to real estate and investment entities were $1.9 billion and $2.1 billion, respectively, of which commitments to external parties were $0.4 billion and $0.6 billion, respectively. (e) During the nine months ended September 30, 2023, as part of the sale of AIG Credit Management, LLC, certain consolidated investment entities were deconsolidated. The impact of the deconsolidation was a decrease of $3.6 billion in assets and $3.1 billion in liabilities, resulting in a pre-tax loss of $14 million. The following table presents total assets of unconsolidated VIEs in which we hold a variable interest, as well as our maximum exposure to loss associated with these VIEs: Maximum Exposure to Loss (in millions) Total VIE On-Balance (c) Off-Balance Total September 30, 2023 Real estate and investment entities (a) $ 512,969 $ 9,158 $ 3,724 (d) $ 12,882 Other (b) 1,027 58 748 (e) 806 Total $ 513,996 $ 9,216 $ 4,472 $ 13,688 December 31, 2022 Real estate and investment entities (a) $ 504,219 $ 9,145 $ 3,938 (d) $ 13,083 Other (b) 1,302 247 747 (e) 994 Total $ 505,521 $ 9,392 $ 4,685 $ 14,077 (a) Comprised primarily of hedge funds and private equity funds. (b) At September 30, 2023 and December 31, 2022, excludes approximately $1,935 million and $2,057 million, respectively, of VIE assets related to AIGFP and its consolidated subsidiaries, with maximum off-balance sheet exposure to loss of $1,907 million and $2,033 million, respectively. For additional information, see Note 1. (c) At September 30, 2023 and December 31, 2022, $9.1 billion and $9.3 billion, respectively, of our total unconsolidated VIE assets were recorded as Other invested assets. (d) These amounts represent our unfunded commitments to invest in private equity funds and hedge funds. (e) These amounts represent our estimate of the maximum exposure to loss under certain insurance policies issued to VIEs if a hypothetical loss occurred to the extent of the full amount of the insured value. Our insurance policies cover defined risks and our estimate of liability is included in our insurance reserves on the balance sheet.

Derivatives and Hedge Account_2

Derivatives and Hedge Accounting (Tables)	9 Months Ended
	Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table presents the notional amounts of our derivatives and the fair value of derivative assets and liabilities in the Condensed Consolidated Balance Sheets: September 30, 2023 December 31, 2022 Gross Derivative Assets Gross Derivative Liabilities Gross Derivative Assets Gross Derivative Liabilities (in millions) Notional Fair Notional Fair Notional Fair Notional Fair Derivatives designated as hedging instruments: (a) Interest rate contracts $ 179 $ 191 $ 3,104 $ 78 $ 251 $ 355 $ 1,688 $ 66 Foreign exchange contracts 6,115 525 1,630 235 4,543 642 4,899 317 Derivatives not designated as hedging instruments: (a) Interest rate contracts 36,494 3,057 35,271 5,096 39,833 3,367 34,128 4,772 Foreign exchange contracts 16,539 1,255 5,139 416 8,626 1,202 10,397 821 Equity contracts 42,372 1,422 23,162 853 31,264 428 4,740 26 Commodity contracts — — — — 212 9 20 — Credit contracts (b) 1,806 33 536 38 1,808 32 933 41 Other contracts (c) 45,311 16 — — 47,184 14 — — Total derivatives, gross $ 148,816 $ 6,499 $ 68,842 $ 6,716 $ 133,721 $ 6,049 $ 56,805 $ 6,043 Counterparty netting (d) (3,985) (3,985) (3,895) (3,895) Cash collateral (e) (2,141) (2,472) (1,640) (1,917) Total derivatives on Condensed Consolidated Balance Sheets (f) $ 373 $ 259 $ 514 $ 231 (a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral. (b) As of September 30, 2023 and December 31, 2022, included CDSs on super senior multi-sector CLO with a net notional amount of $51 million and $79 million (fair value liability of $33 million and $32 million, respectively). The net notional amount represents the maximum exposure to loss on the portfolio. (c) Consists primarily of stable value wraps and contracts with multiple underlying exposures. (d) Represents netting of derivative exposures covered by a qualifying master netting agreement. (e) Represents cash collateral posted and received that is eligible for netting. (f) Freestanding derivatives only, excludes embedded derivatives. Derivative instrument assets and liabilities are recorded in Other assets and Other liabilities, respectively. Fair value of assets related to bifurcated embedded derivatives was $3.4 billion at September 30, 2023 and $2.2 billion at December 31, 2022. Fair value of liabilities related to bifurcated embedded derivatives was $6.4 billion and $5.4 billion, respectively, at September 30, 2023 and December 31, 2022. A bifurcated embedded derivative is generally presented with the host contract in the Condensed Consolidated Balance Sheets. Embedded derivatives are primarily related to guarantee features in fixed index annuities and index universal life products, which include equity and interest rate components, and the funds withheld arrangement with Fortitude Re. For additional information, see Note 8.
Schedule of Gain (Loss) Recognized in Income on Derivative Instruments in Fair Value Hedging Relationships	The following table presents the gain (loss) recognized in income on our derivative instruments in fair value hedging relationships in the Condensed Consolidated Statements of Income (Loss): Gains/(Losses) Recognized in Income for: (in millions) Hedging Derivatives (a) Excluded Components (b) Hedged Net Impact Three Months Ended September 30, 2023 Interest rate contracts: Interest credited to policyholder account balances $ (48) $ — $ 53 $ 5 Foreign exchange contracts: Net realized gains/(losses) 231 (129) (231) (129) Three Months Ended September 30, 2022 Interest rate contracts: Interest credited to policyholder account balances $ (62) $ — $ 62 $ — Net investment income 25 — (24) 1 Foreign exchange contracts: Net realized gains/(losses) 455 122 (455) 122 Nine Months Ended September 30, 2023 Interest rate contracts: Interest credited to policyholder account balances $ (12) $ 1 $ 3 $ (8) Foreign exchange contracts: Net realized gains/(losses) (213) 68 213 68 Nine Months Ended September 30, 2022 Interest rate contracts: Interest credited to policyholder account balances $ (90) $ — $ 93 $ 3 Net investment income 26 — (25) 1 Foreign exchange contracts: Net realized gains/(losses) 889 262 (889) 262 (a) Gains and losses on derivative instruments designated and qualifying in fair value hedges that are included in the assessment of hedge effectiveness. (b) Gains and losses on derivative instruments designated and qualifying in fair value hedges that are excluded from the assessment of hedge effectiveness and recognized in income on a mark-to-market basis.
Derivatives Not Designated as Hedging Instruments	The following table presents the effect of derivative instruments not designated as hedging instruments in the Condensed Consolidated Statements of Income (Loss): Gains (Losses) Recognized in Income Three Months Ended Nine Months Ended (in millions) 2023 2022 2023 2022 By Derivative Type: Interest rate contracts $ (666) $ (528) $ (750) $ (2,010) Foreign exchange contracts 280 1,010 (41) 1,976 Equity contracts (438) 19 (513) (107) Commodity contracts (1) 4 7 (3) Credit contracts — (3) (1) (4) Other contracts 16 42 49 73 Embedded derivatives 1,855 2,033 51 9,345 Total $ 1,046 $ 2,577 $ (1,198) $ 9,270 By Classification: Policy fees $ 17 $ 17 $ 50 $ 47 Net investment income - excluding Fortitude Re funds withheld assets — 8 — 10 Net investment income - Fortitude Re funds withheld assets 1 — (1) — Net realized gains (losses) - excluding Fortitude Re funds withheld assets 507 1,098 (4) 2,364 Net realized gains (losses) on Fortitude Re funds withheld assets (a) 988 1,744 (46) 7,830 Policyholder benefits and claims incurred (5) (5) (5) (19) Change in the fair value of market risk benefits, net (b) (462) (285) (1,192) (962) Total $ 1,046 $ 2,577 $ (1,198) $ 9,270 (a) Includes over-the-counter derivatives supporting the funds withheld arrangements with Fortitude Re and the embedded derivative contained within the funds withheld payable with Fortitude Re.

Insurance Liabilities (Tables)

Insurance Liabilities (Tables)	9 Months Ended
	Sep. 30, 2023
Insurance [Abstract]
Rollforward of Activity in Loss Reserves	The following table presents the rollforward of activity in loss reserves: Three Months Ended Nine Months Ended (in millions) 2023 2022 2023 2022 Liability for unpaid loss and loss adjustment expenses, beginning of period $ 70,284 $ 76,739 $ 75,167 $ 79,026 Reinsurance recoverable (30,226) (33,583) (32,102) (35,213) Net Liability for unpaid loss and loss adjustment expenses, beginning of period 40,058 43,156 43,065 43,813 Losses and loss adjustment expenses incurred: Current year 3,922 4,373 11,651 12,020 Prior years, excluding discount and amortization of deferred gain (246) (112) (380) (537) Prior years, discount charge (benefit) 52 36 200 78 Prior years, amortization of deferred gain on retroactive reinsurance (a) 27 (23) (58) (37) Total losses and loss adjustment expenses incurred 3,755 4,274 11,413 11,524 Losses and loss adjustment expenses paid: Current year (1,190) (1,132) (2,360) (2,289) Prior years (2,561) (2,673) (9,104) (8,844) Total losses and loss adjustment expenses paid (3,751) (3,805) (11,464) (11,133) Other changes: Foreign exchange effect (583) (1,031) (211) (1,827) Losses and loss adjustment expenses recognized within gain on divestitures 316 — 316 — Retroactive reinsurance adjustment (net of discount) (b) 121 101 180 318 Reclassified to held for sale, net of reinsurance recoverables (159) — (3,542) — Total other changes (305) (930) (3,257) (1,509) Liability for unpaid loss and loss adjustment expenses, end of period: Net liability for unpaid losses and loss adjustment expenses 39,757 42,695 39,757 42,695 Reinsurance recoverable (c) 30,066 32,824 30,066 32,824 Total $ 69,823 $ 75,519 $ 69,823 $ 75,519 (a) Includes $9 million and $5 million for the retroactive reinsurance agreement with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway Inc. (Berkshire), covering U.S. asbestos exposures for the three months ended September 30, 2023 and 2022, respectively, and $22 million and $15 million for the nine months ended September 30, 2023 and 2022, respectively. (b) Includes benefit (charge) from change in discount on retroactive reinsurance in the amount of $24 million and $17 million for the three months ended September 30, 2023 and 2022 respectively, and $120 million and $74 million for the nine months ended September 30, 2023 and 2022, respectively.
Schedule of Components of Loss Reserve Discount	The following table presents the components of the loss reserve discount discussed above: (in millions) September 30, 2023 December 31, 2022 U.S. workers' compensation $ 2,447 $ 2,532 Retroactive reinsurance (1,134) (1,254) Total reserve discount (a)(b) $ 1,313 $ 1,278 (a) Excludes $150 million and $135 million of discount related to certain long-tail liabilities in the UK at September 30, 2023 and December 31, 2022, respectively.
Schedule of Loss Reserve Discount	The following table presents the net loss reserve discount benefit (charge): Three Months Ended Nine Months Ended (in millions) 2023 2022 2023 2022 Current accident year $ 47 $ 26 $ 115 $ 74 Accretion and other adjustments to prior year discount (52) (36) (200) (78) Net reserve discount benefit (charge) (5) (10) (85) (4) Change in discount on loss reserves ceded under retroactive reinsurance 24 17 120 74 Net change in total reserve discount* $ 19 $ 7 $ 35 $ 70 * Excludes $7 million and $20 million discount related to certain long-tail liabilities in the UK for the three months ended September 30, 2023 and 2022, respectively, and excludes $15 million and $15 million discount related to certain long-tail liabilities in the UK for the nine months ended September 30, 2023 and 2022, respectively.
Liability for Future Policy Benefit, Activity	The following table presents the transition rollforward of the liability for future policy benefits for nonparticipating contracts (a) : Individual Group Life Institutional Other (b) Total (in millions) Pre-adoption December 31, 2020 liability for future policy benefits balance $ 1,309 $ 282 $ 11,129 $ 11,029 $ 22,206 $ 45,955 Adjustments for the reclassification to the deferred profit liability (65) (8) — (766) (859) (1,698) Change in cash flow assumptions and effect of net premiums exceeding gross premiums (14) 2 15 4 55 62 Effect of the remeasurement of the liability at a current single A rate 156 63 2,977 1,655 7,611 12,462 Adjustment for the removal of loss recognition balances related to unrealized gain or loss on securities (64) (60) 4 (292) — (412) Post-adoption January 1, 2021 liability for future policy benefits balance $ 1,322 $ 279 $ 14,125 $ 11,630 $ 29,013 $ 56,369 (a) Excludes future policy benefits for participating contracts, DPL, additional liabilities, Accident and Health, Group Benefits and Other Operations representing $11.0 billion of liability for future policy benefits. See transition tables below for DPL and additional liabilities. (b) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. The following tables present the balances and changes in the liability for future policy benefits and a reconciliation of the net liability for future policy benefits to the liability for future policy benefits in the Condensed Consolidated Balance Sheets: Nine Months Ended September 30, 2023 General Individual Group Life Institutional Other (f) Total (in millions, except for liability durations) Present value of expected net premiums Balance, beginning of year $ 1,929 $ — $ — $ 11,654 $ — $ 991 $ 14,574 Effect of changes in discount rate assumptions (AOCI) 262 — — 1,872 — 66 2,200 Beginning balance at original discount rate 2,191 — — 13,526 — 1,057 16,774 Effect of changes in cash flow assumptions — — — 34 — 21 55 Effect of actual variances from expected experience (44) — — 36 — 16 8 Adjusted beginning of year balance 2,147 — — 13,596 — 1,094 16,837 Issuances 100 — — 986 — — 1,086 Interest accrual 22 — — 325 — 34 381 Net premium collected (160) — — (1,093) — (90) (1,343) Foreign exchange impact (62) — — 44 — — (18) Other (63) — — 11 — (3) (55) Ending balance at original discount rate 1,984 — — 13,869 — 1,035 16,888 Effect of changes in discount rate assumptions (AOCI) (354) — — (2,199) — (95) (2,648) Reclassified to Liabilities held for sale — — — (3,784) — — (3,784) Balance, end of period $ 1,630 $ — $ — $ 7,886 $ — $ 940 $ 10,456 Present value of expected future policy benefits Balance, beginning of year $ 2,380 $ 1,223 $ 211 $ 21,179 $ 12,464 $ 20,429 $ 57,886 Effect of changes in discount rate assumptions (AOCI) 362 167 2 3,424 2,634 1,083 7,672 Beginning balance at original discount rate 2,742 1,390 213 24,603 15,098 21,512 65,558 Effect of changes in cash flow assumptions (a) — — — 62 — 76 138 Effect of actual variances from expected experience (a) (43) (1) (1) 85 21 (10) 51 Adjusted beginning of year balance 2,699 1,389 212 24,750 15,119 21,578 65,747 Issuances 104 141 16 978 3,503 4 4,746 Interest accrual 27 38 8 679 478 770 2,000 Benefit payments (153) (95) (20) (1,461) (810) (1,121) (3,660) Foreign exchange impact (93) — — 54 48 — 9 Other (74) — — 8 — (18) (84) Ending balance at original discount rate 2,510 1,473 216 25,008 18,338 21,213 68,758 Effect of changes in discount rate assumptions (AOCI) (461) (217) (9) (4,397) (3,512) (2,214) (10,810) Reclassified to Liabilities held for sale — — — (4,352) — — (4,352) Balance, end of period $ 2,049 $ 1,256 $ 207 $ 16,259 $ 14,826 $ 18,999 $ 53,596 Net liability for future policy benefits, end of period $ 419 $ 1,256 $ 207 $ 8,373 $ 14,826 $ 18,059 $ 43,140 Liability for future policy benefits for certain participating contracts 1,321 Liability for universal life policies with secondary guarantees and similar features (b) 3,278 Deferred profit liability 2,401 Other reconciling items (c) 1,526 Future policy benefits for life and accident and health insurance contracts 51,666 Less: Reinsurance recoverable (21,833) Net liability for future policy benefits after reinsurance recoverable $ 29,833 Weighted average liability duration of the liability for future policy benefits (d)(e) 9.5 7.4 6.6 11.9 10.9 10.8 Nine Months Ended September 30, 2022 Individual Group Life Institutional Other (f) Total (in millions, except for liability durations) Present value of expected net premiums Balance, beginning of year $ — $ — $ 14,369 $ — $ 1,274 $ 15,643 Effect of changes in discount rate assumptions (AOCI) — — (706) — (150) (856) Beginning balance at original discount rate — — 13,663 — 1,124 14,787 Effect of changes in cash flow assumptions — — 123 — — 123 Effect of actual variances from expected experience — — (19) — 5 (14) Adjusted beginning of year balance — — 13,767 — 1,129 14,896 Issuances — — 1,050 — — 1,050 Interest accrual — — 297 — 37 334 Net premium collected — — (1,060) — (93) (1,153) Foreign exchange impact — — (854) — — (854) Other — — (1) — — (1) Ending balance at original discount rate — — 13,199 — 1,073 14,272 Effect of changes in discount rate assumptions (AOCI) — — (2,111) — (80) (2,191) Balance, end of period $ — $ — $ 11,088 $ — $ 993 $ 12,081 Present value of expected future policy benefits Balance, beginning of year $ 1,373 $ 264 $ 27,442 $ 13,890 $ 27,674 $ 70,643 Effect of changes in discount rate assumptions (AOCI) (95) (46) (2,717) (870) (5,673) (9,401) Beginning balance at original discount rate 1,278 218 24,725 13,020 22,001 61,242 Effect of changes in cash flow assumptions (a) — — 140 (6) — 134 Effect of actual variances from expected experience (a) (16) (2) (24) (11) (24) (77) Adjusted beginning of year balance 1,262 216 24,841 13,003 21,977 61,299 Issuances 156 9 1,055 1,507 8 2,735 Interest accrual 31 7 657 333 787 1,815 Benefit payments (86) (18) (1,317) (602) (1,118) (3,141) Foreign exchange impact — — (1,093) (555) — (1,648) Other — — (2) — (11) (13) Ending balance at original discount rate 1,363 214 24,141 13,686 21,643 61,047 Effect of changes in discount rate assumptions (AOCI) (188) (4) (3,844) (2,786) (1,546) (8,368) Balance, end of period $ 1,175 $ 210 $ 20,297 $ 10,900 $ 20,097 $ 52,679 Net liability for future policy benefits, end of period $ 1,175 $ 210 $ 9,209 $ 10,900 $ 19,104 $ 40,598 Liability for future policy benefits for certain participating contracts 1,363 Liability for universal life policies with secondary guarantees and similar features (b) 3,232 Deferred profit liability 2,164 Other reconciling items (c) 1,980 Future policy benefits for life and accident and health insurance contracts 49,337 Less: Reinsurance recoverable (24,307) Net liability for future policy benefits after reinsurance recoverable $ 25,030 Weighted average liability duration of the liability for future policy benefits (d) 7.4 6.8 11.9 10.1 11.2 (a) Effect of changes in cash flow assumptions and variances from actual experience are partially offset by changes in the deferred profit liability. (b) Additional details can be found in the table that presents the balances and changes in the liability for universal life policies with secondary guarantees and similar features. (c) Other reconciling items primarily include the Accident and Health as well as Group Benefits (short-duration) contracts. (d) The weighted average liability durations are calculated as the modified duration using projected future net liability cashflows that are aggregated at the segment level, utilizing the segment level weighted average interest rates and current discount rate, which can be found in the table below. (e) Includes balances that were reclassified to Liabilities held for sale in the Condensed Consolidated Balance sheets. For additional information, see Note 4. (f) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. For the nine months ended September 30, 2023 and 2022 in the traditional and term life insurance block, capping of net premium ratios at 100 percent caused a (credit)/charge to net income of $(1) million and $11 million, respectively. The discount rate was updated based on market observable information. Relative to the prior period, the increase in upper-medium-grade fixed income yields resulted in a decrease in the liability for future policy benefits. The following table presents the amount of undiscounted expected future benefit payments and undiscounted and discounted expected gross premiums for future policy benefits for nonparticipating contracts: Nine Months Ended September 30, (in millions) 2023 2022 General Insurance Undiscounted expected future benefits and expense $ 3,099 $ 3,141 Undiscounted expected future gross premiums 4,275 4,112 Discounted expected future gross premiums (at current discount rate) 2,963 3,188 Individual Retirement Undiscounted expected future benefits and expense $ 2,119 $ 1,889 Undiscounted expected future gross premiums — — Discounted expected future gross premiums (at current discount rate) — — Group Retirement Undiscounted expected future benefits and expense $ 315 $ 324 Undiscounted expected future gross premiums — — Discounted expected future gross premiums (at current discount rate) — — Life Insurance (a) Undiscounted expected future benefits and expense $ 39,763 $ 38,238 Undiscounted expected future gross premiums 29,789 28,584 Discounted expected future gross premiums (at current discount rate) 18,596 17,965 Institutional Markets Undiscounted expected future benefits and expense $ 33,025 $ 21,866 Undiscounted expected future gross premiums — — Discounted expected future gross premiums (at current discount rate) — — Other (b) Undiscounted expected future benefits and expense $ 43,250 $ 44,919 Undiscounted expected future gross premiums 2,141 2,305 Discounted expected future gross premiums (at current discount rate) 1,372 1,481 (a) Includes balances reclassified to Liabilities held for sale at September 30, 2023. (b) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. The following table presents the amount of revenue and interest recognized in the Condensed Consolidated Statements of Income (Loss) for future policy benefits for nonparticipating contracts: Nine Months Ended September 30, Gross Premiums Interest Accretion (in millions) 2023 2022 2023 2022 General Insurance $ 338 $ 345 $ 5 $ 4 Individual Retirement 164 160 38 31 Group Retirement 16 16 8 7 Life Insurance 1,781 1,751 354 360 Institutional Markets 3,709 1,558 478 333 Other* 161 168 736 750 Total $ 6,169 $ 3,998 $ 1,619 $ 1,485 * Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. The following table presents the weighted-average interest rate for future policy benefits for nonparticipating contracts: Nine Months Ended September 30, 2023 General Individual Group Life Institutional Other (b) Weighted-average interest rate, original discount rate (a) 1.84 % 3.75 % 5.15 % 4.14 % 3.97 % 4.87 % Weighted-average interest rate, current discount rate (a) 3.92 % 5.92 % 5.90 % 5.92 % 5.87 % 5.94 % Nine Months Ended September 30, 2022 Weighted-average interest rate, original discount rate 1.70 % 3.42 % 5.20 % 4.13 % 3.41 % 4.89 % Weighted-average interest rate, current discount rate 2.85 % 5.52 % 5.50 % 5.56 % 5.56 % 5.57 % (a) Weighted-average interest rates for Life Insurance include balances that have been reclassified to Liabilities held-for-sale at September 30, 2023. (b) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. The following table presents the transition rollforward for deferred profit liability for long-duration contracts*: Individual Group Life Institutional Other* Total (in millions) Pre-adoption December 31, 2020 deferred profit liability balance $ 2 $ — $ 5 $ 64 $ — $ 71 Adjustments for the reclassification from/(to) the liability for the future policy benefits 65 8 — 766 859 1,698 Post-adoption January 1, 2021 deferred profit liability balance $ 67 $ 8 $ 5 $ 830 $ 859 $ 1,769 The following table presents the transition rollforward of the additional liabilities: Individual Group Life Institutional Other (c) Total (in millions) Pre-adoption December 31, 2020 additional liabilities $ 1,423 $ 221 $ 5,117 $ — $ 55 $ 6,816 Adjustment for the reclassification of additional liabilities from Future policy benefits to Market risk benefits (a) (907) (132) — — — (1,039) Adjustment for removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses) (b) (516) (89) — — — (605) Post-adoption January 1, 2021 additional liabilities $ — $ — $ 5,117 $ — $ 55 $ 5,172 (a) Adjustments for the reclassification of additional liabilities from Future policy benefits to MRBs represent contract guarantees (e.g., GMDBs) that were previously classified as insurance liabilities within Future policy benefits, but have been reclassified as MRBs as of January 1, 2021. For additional information on the transition impacts associated with LDTI, see Note 14. (b) Adjustments for the removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses) relate to the additional liabilities reclassified from Future policy benefits in the line above. (c) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. The following table presents the balances and changes in the liability for universal life policies with secondary guarantees and similar features: Nine Months Ended September 30, 2023 2022 (in millions, except duration of liability) Life Other (b) Total Life Other (b) Total Balance, beginning of year $ 3,300 $ 55 $ 3,355 $ 4,952 $ 55 $ 5,007 Effect of changes in assumptions (41) — (41) (24) — (24) Effect of changes in experience 174 (3) 171 245 (3) 242 Adjusted beginning balance 3,433 52 3,485 5,173 52 5,225 Assessments 518 1 519 528 1 529 Excess benefits paid (681) — (681) (697) — (697) Interest accrual 95 2 97 94 2 96 Other 20 — 20 (14) — (14) Changes related to unrealized appreciation (depreciation) of investments (162) — (162) (1,907) — (1,907) Balance, end of period 3,223 55 3,278 3,177 55 3,232 Less: Reinsurance recoverable (162) — (162) (214) — (214) Balance, end of period net of Reinsurance recoverable $ 3,061 $ 55 $ 3,116 $ 2,963 $ 55 $ 3,018 Weighted average duration of liability (a) 25.4 9.3 26.8 9.6 (a) The weighted average duration of liabilities is calculated as the modified duration using projected future net liability cashflows that are aggregated at the segment level, utilizing the segment level weighted average interest rates, which can be found in the table below. (b) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. The following table presents the amount of revenue and interest recognized in the Condensed Consolidated Statements of Income (Loss) for the liability for universal life policies with secondary guarantees and similar features: Nine Months Ended September 30, Gross Assessments Interest Accretion (in millions) 2023 2022 2023 2022 Life Insurance $ 855 $ 922 $ 95 $ 94 Other* 31 29 2 2 Total $ 886 $ 951 $ 97 $ 96 * Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. The following table presents the calculation of weighted average interest rate for the liability for universal life policies with secondary guarantees and similar features: Nine Months Ended September 30, 2023 2022 Life Insurance Other* Life Insurance Other* Weighted-average interest rate 3.94 % 4.20 % 3.75 % 4.20 % * Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. The following table presents the transition rollforward of URR: Life Institutional Other* Total (in millions) Pre-adoption December 31, 2020 URR balance $ 1,413 $ 2 $ 132 $ 1,547 Adjustment for the removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses) 248 — — 248 Post-adoption January 1, 2021 URR balance $ 1,661 $ 2 $ 132 $ 1,795 * Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. Other policyholder funds, excluding URR, totaled $2.0 billion. The following table presents a rollforward of URR: Nine Months Ended September 30, 2023 Life Institutional Other* Total (in millions) Balance, beginning of year $ 1,727 $ 2 $ 105 $ 1,834 Revenue deferred 114 — — 114 Amortization (83) (1) (8) (92) Balance, end of period $ 1,758 $ 1 $ 97 $ 1,856 Nine Months Ended September 30, 2022 Life Institutional Other* Total (in millions) Balance, beginning of year $ 1,693 $ 2 $ 116 $ 1,811 Revenue deferred 106 — — 106 Amortization (82) — (8) (90) Balance, end of period $ 1,717 $ 2 $ 108 $ 1,827
Schedule of Details Concerning Universal life Policies with Secondary Guarantees	The following table presents details concerning our universal life policies with secondary guarantees and similar features: Nine Months Ended September 30, (dollars in millions) 2023 2022 Account value $ 3,654 $ 3,462 Net amount at risk $ 71,497 $ 68,350 Average attained age of contract holders 53 53
Policyholder Account Balance	The following table presents the transition rollforward of Policyholder contract deposits account balances (a) : Individual Group Life Institutional Other (b) Total (in millions) Pre-adoption December 31, 2020 Policyholder contract deposits $ 84,874 $ 43,805 $ 10,286 $ 11,559 $ 4,145 $ 154,669 Adjustment for the reclassification of the embedded derivative liability to market risk benefits, net of the host adjustment(s) (5,671) (576) — — — (6,247) Post-adoption January 1, 2021 Policyholder contract deposits $ 79,203 $ 43,229 $ 10,286 $ 11,559 $ 4,145 $ 148,422 (a) Excludes Other Operations of $(199) million. (b) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. The following table presents the balances and changes in Policyholder contract deposits account balances (a) : Nine Months Ended September 30, 2023 Individual Group Life Institutional Other (d) Total (in millions, except for average crediting rate) Policyholder contract deposits account balance, beginning of year $ 89,554 $ 43,395 $ 10,224 $ 11,734 $ 3,587 $ 158,494 Deposits 12,885 3,943 1,211 3,707 34 21,780 Policy charges (661) (359) (1,143) (50) (47) (2,260) Surrenders and withdrawals (10,310) (6,010) (194) (502) (65) (17,081) Benefit payments (2,984) (1,801) (222) (1,355) (233) (6,595) Net transfers from (to) separate account 2,577 1,896 1 565 — 5,039 Interest credited 1,482 843 297 353 127 3,102 Other (7) 6 16 (9) (11) (5) Policyholder contract deposits account balance, end of period 92,536 41,913 10,190 14,443 3,392 162,474 Other reconciling items (b) (2,280) (327) 11 (20) (121) (2,737) Policyholder contract deposits $ 90,256 $ 41,586 $ 10,201 $ 14,423 $ 3,271 $ 159,737 Weighted average crediting rate 2.65 % 2.88 % 4.37 % 3.66 % 4.99 % Cash surrender value (c) $ 85,644 $ 40,928 $ 9,008 $ 2,577 $ 1,732 $ 139,889 Nine Months Ended September 30, 2022 Individual Group Life Institutional Other (d) Total (in millions, except for average crediting rate) Policyholder contract deposits account balance, beginning of year $ 84,097 $ 43,902 $ 10,183 $ 10,804 $ 3,823 $ 152,809 Deposits 11,359 3,599 1,252 1,296 36 17,542 Policy charges (631) (356) (1,175) (52) (49) (2,263) Surrenders and withdrawals (6,232) (4,146) (162) (44) (48) (10,632) Benefit payments (2,872) (1,634) (164) (593) (273) (5,536) Net transfers from (to) separate account 1,606 1,659 (1) 26 — 3,290 Interest credited 1,242 825 286 207 134 2,694 Other 3 1 (10) (48) 8 (46) Policyholder contract deposits account balance, end of period 88,572 43,850 10,209 11,596 3,631 157,858 Other reconciling items (b) (2,372) (356) (125) (33) (120) (3,006) Policyholder contract deposits $ 86,200 $ 43,494 $ 10,084 $ 11,563 $ 3,511 $ 154,852 Weighted average crediting rate 2.40 % 2.74 % 4.28 % 2.49 % 4.91 % Cash surrender value (c) $ 82,151 $ 42,970 $ 8,948 $ 2,532 $ 1,824 $ 138,425 (a) Transactions between the general account and the separate account are presented in this table on a gross basis (e.g., a policyholder's funds are initially deposited into the general account and then simultaneously transferred to the separate account), thus, did not impact the ending balance of policyholder contract deposits. (b) Includes MRBs that are bifurcated and reported separately, net of embedded derivatives recorded in Policyholder contract deposits. Other also includes amounts related to Other Operations of $(121) million and $(122) million at September 30, 2023 and 2022, respectively. (c) Cash surrender value is related to the portion of policyholder contract deposits that have a defined cash surrender value (e.g. GICs, do not have a cash surrender value). (d) Primarily represents Life and Retirement legacy insurance lines ceded to Fortitude Re. For information related to net amount at risk, refer to the table that presents the balances of and changes in MRBs in Note 13. The following table presents Policyholder contract deposits account balance by range of guaranteed minimum crediting rates and the related range of difference, in basis points, between rates being credited to policyholders and the respective guaranteed minimums: September 30, 2023 At 1 Basis Point - More than 50 Total (in millions, except percentage of total) Individual Retirement Range of Guaranteed Minimum Credited Rate <=1% $ 6,741 $ 2,234 $ 24,455 $ 33,430 > 1% - 2% 3,940 22 1,909 5,871 > 2% - 3% 8,401 11 822 9,234 > 3% - 4% 6,864 37 6 6,907 > 4% - 5% 439 — 4 443 > 5% 32 — 3 35 Total $ 26,417 $ 2,304 $ 27,199 $ 55,920 Group Retirement Range of Guaranteed Minimum Credited Rate <=1% $ 2,197 $ 2,467 $ 6,304 $ 10,968 > 1% - 2% 3,874 1,347 667 5,888 > 2% - 3% 12,700 159 93 12,952 > 3% - 4% 641 — — 641 > 4% - 5% 6,773 — — 6,773 > 5% 150 — — 150 Total $ 26,335 $ 3,973 $ 7,064 $ 37,372 Life Insurance Range of Guaranteed Minimum Credited Rate <=1% $ — $ — $ — $ — > 1% - 2% — 131 347 478 > 2% - 3% 9 866 1,078 1,953 > 3% - 4% 1,178 499 26 1,703 > 4% - 5% 2,879 — — 2,879 > 5% 218 — — 218 Total $ 4,284 $ 1,496 $ 1,451 $ 7,231 Total* $ 57,036 $ 7,773 $ 35,714 $ 100,523 Percentage of total 56 % 8 % 36 % 100 % September 30, 2022 At 1 Basis Point - More than 50 Total (in millions, except percentage of total) Individual Retirement Range of Guaranteed Minimum Credited Rate <=1% $ 9,822 $ 1,656 $ 20,778 $ 32,256 > 1% - 2% 4,261 24 1,960 6,245 > 2% - 3% 9,790 — 17 9,807 > 3% - 4% 7,805 40 6 7,851 > 4% - 5% 464 — 5 469 > 5% 33 — 4 37 Total $ 32,175 $ 1,720 $ 22,770 $ 56,665 Group Retirement Range of Guaranteed Minimum Credited Rate <=1% $ 3,726 $ 1,614 $ 5,178 $ 10,518 > 1% - 2% 6,024 437 23 6,484 > 2% - 3% 14,448 — — 14,448 > 3% - 4% 690 — — 690 > 4% - 5% 6,943 — — 6,943 > 5% 159 — — 159 Total $ 31,990 $ 2,051 $ 5,201 $ 39,242 Life Insurance Range of Guaranteed Minimum Credited Rate <=1% $ — $ — $ — $ — > 1% - 2% 106 24 353 483 > 2% - 3% 235 635 1,112 1,982 > 3% - 4% 1,374 183 192 1,749 > 4% - 5% 2,998 — — 2,998 > 5% 224 — — 224 Total $ 4,937 $ 842 $ 1,657 $ 7,436 Total* $ 69,102 $ 4,613 $ 29,628 $ 103,343 Percentage of total 67 % 4 % 29 % 100 % * Excludes policyholder contract deposits account balances that are not subject to guaranteed minimum crediting rates.

Market Risk Benefits (Tables)

Market Risk Benefits (Tables)	9 Months Ended
	Sep. 30, 2023
Insurance [Abstract]
Market Risk Benefit, Activity	The following table presents the transition rollforward of MRBs: Individual Group Total (in millions) Pre-adoption December 31, 2020 carrying amount for features now classified as MRBs $ — $ — $ — Adjustment for the reclassification of the embedded derivative liability from policyholder contract deposits, net of the host adjustment(s) (a) 5,671 576 6,247 Adjustment for the reclassification of additional liabilities from Future policy benefits (b) 1,388 221 1,609 Adjustments for the cumulative effect of the changes to our own credit risk between the original contract issuance date and the Transition Date (c) 2,140 187 2,327 Adjustment for the removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses) (d) (516) (89) (605) Adjustment for the remaining difference (exclusive of our own credit risk change and host contract adjustments) between previous carrying amount and fair value measurement for the MRB (e) (1,084) (93) (1,177) Post-adoption January 1, 2021 carrying amount for features now classified as MRBs $ 7,599 $ 802 $ 8,401 (a) Adjustments for the reclassification from Policyholder contract deposits represents certain contract guarantees (e.g., GMWBs) that were previously classified as embedded derivatives, but have been reclassified as MRBs as of January 1, 2021, and the related host impact. The impact on Retained earnings or AOCI resulting from the simultaneous remeasurement of the guarantee as a market risk benefit is reflected in the lines below. (b) Adjustments for the reclassification from Future policy benefits represents contract guarantees (e.g., GMDBs) that were previously classified as insurance liabilities within Future policy benefits, but have been reclassified as MRBs as of January 1, 2021. The impact on Retained earnings or AOCI resulting from the simultaneous remeasurement of the guarantee as a market risk benefit is reflected in the lines below. (c) Adjustments for the cumulative effect of the changes to our own credit risk between the original contract issuance date and the Transition Date are recognized in AOCI. (d) Adjustment for the removal of related balances in AOCI originating from unrealized gains (losses) with an offset to AOCI relate to the additional liabilities reclassified from Future policy benefits in the line above. (e) Adjustment for the remaining difference represents the measurement of MRBs at fair value, excluding the impact of our own credit risk with an offset to Retained earnings. The following is a reconciliation of MRBs by amounts in an asset position and in liability position to the MRB amounts in the Condensed Consolidated Balance Sheets at transition: Individual Group Total (in millions) Market risk benefit in an asset position $ 176 $ — $ 176 Reinsured market risk benefit 162 — 162 Market risk benefit assets, at fair value 338 — 338 Market risk benefit liabilities, at fair value 7,937 802 8,739 Market risk benefit, net, January 1, 2021 $ 7,599 $ 802 $ 8,401 The following table presents the balances of and changes in market risk benefits: Nine Months Ended September 30, 2023 Individual Group Total (in millions, except for attained age of contract holders) Balance, beginning of year $ 3,738 $ 296 $ 4,034 Effect of changes in our own credit risk (441) (24) (465) Balance, beginning of year, before effect of changes in our own credit risk $ 3,297 $ 272 $ 3,569 Issuances 527 28 555 Interest accrual 122 12 134 Attributed fees 636 49 685 Expected claims (68) (2) (70) Effect of changes in interest rates (1,223) (99) (1,322) Effect of changes in interest rate volatility (7) 2 (5) Effect of changes in equity markets (591) (61) (652) Effect of changes in equity index volatility (27) (4) (31) Actual outcome different from model expected outcome 155 10 165 Effect of changes in future expected policyholder behavior (1) (1) (2) Effect of changes in other future expected assumptions (86) (40) (126) Other, including foreign exchange — (3) (3) Balance, end of period, before effect of changes in our own credit risk 2,734 163 2,897 Effect of changes in our own credit risk 662 53 715 Balance, end of period 3,396 216 3,612 Less: Reinsured MRB, end of period (71) — (71) Net Liability Balance after reinsurance recoverable $ 3,325 $ 216 $ 3,541 Nine Months Ended September 30, 2023 Individual Group Total (in millions, except for attained age of contract holders) Net amount at risk GMDB only $ 1,200 $ 257 $ 1,457 GMWB only $ 24 $ 1 $ 25 Combined* $ 1,764 $ 28 $ 1,792 Weighted average attained age of contract holders 70 64 Nine Months Ended September 30, 2022 Individual Group Total (in millions, except for attained age of contract holders) Balance, beginning of year $ 6,452 $ 582 $ 7,034 Effect of changes in our own credit risk (1,934) (167) (2,101) Balance, beginning of year, before effect of changes in our own credit risk 4,518 415 4,933 Issuances 161 17 178 Interest accrual 130 16 146 Attributed fees 637 54 691 Expected claims (53) (2) (55) Effect of changes in interest rates (3,929) (360) (4,289) Effect of changes in interest rate volatility 267 17 284 Effect of changes in equity markets 1,923 164 2,087 Effect of changes in equity index volatility (80) — (80) Actual outcome different from model expected outcome 139 14 153 Effect of changes in future expected policyholder behavior (2) (18) (20) Effect of changes in other future expected assumptions (85) — (85) Other, including foreign exchange 4 (12) (8) Balance, end of period, before effect of changes in our own credit risk 3,630 305 3,935 Effect of changes in our own credit risk 63 (8) 55 Balance, end of period 3,693 297 3,990 Less: Reinsured MRB, end of period (98) — (98) Net Liability Balance after reinsurance recoverable $ 3,595 $ 297 $ 3,892 Net amount at risk GMDB only $ 2,059 $ 558 $ 2,617 GMWB only $ 15 $ — $ 15 Combined* $ 2,670 $ 16 $ 2,686 Weighted average attained age of contract holders 70 64 * Certain contracts contain both guaranteed GMDB and GMWB features and are modeled together for the purposes of calculating the MRB. The following is a reconciliation of MRBs by amounts in an asset position and in a liability position to the MRBs amount in the Condensed Consolidated Balance Sheets: September 30, 2023 September 30, 2022 (in millions) Asset* Liability* Net Asset* Liability* Net Individual Retirement $ 814 $ 4,139 $ 3,325 $ 622 $ 4,217 $ 3,595 Group Retirement 164 380 216 121 418 297 Total $ 978 $ 4,519 $ 3,541 $ 743 $ 4,635 $ 3,892 * Cash flows and attributed fees for MRBs are determined on a policy level basis and are reported based on their asset or liability position at the balance sheet date.

Separate Account Assets and L_2

Separate Account Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2023
Insurance [Abstract]
Fair Value, Separate Account Investment	The following table presents fair value of separate account investment options: September 30, 2023 September 30, 2022 (in millions) Individual Group Life Institutional Total Individual Group Life Institutional Total Equity Funds $ 23,493 $ 26,206 $ 736 $ 590 $ 51,025 $ 21,696 $ 23,226 $ 648 $ 547 $ 46,117 Bond Funds 3,775 3,262 42 1,286 8,365 3,661 3,910 46 1,287 8,904 Balanced Funds 16,649 5,095 48 1,919 23,711 17,346 4,853 46 2,361 24,606 Money Market Funds 696 603 22 302 1,623 682 539 17 437 1,675 Total $ 44,613 $ 35,166 $ 848 $ 4,097 $ 84,724 $ 43,385 $ 32,528 $ 757 $ 4,632 $ 81,302
Separate Account, Liability	The following table presents the balances and changes in Separate account liabilities: Nine Months Ended September 30, 2023 Individual Group Life Institutional Total (in millions) Balance, beginning of year $ 45,178 $ 34,361 $ 799 $ 4,515 $ 84,853 Premiums and deposits 1,124 1,033 27 40 2,224 Policy charges (964) (333) (37) (69) (1,403) Surrenders and withdrawals (2,728) (2,205) (19) (503) (5,455) Benefit payments (640) (374) (5) (61) (1,080) Investment performance 2,470 2,806 85 160 5,521 Net transfers from (to) general account and other 173 (122) (2) 15 64 Balance, end of period $ 44,613 $ 35,166 $ 848 $ 4,097 $ 84,724 Cash surrender value* $ 43,566 $ 34,980 $ 828 $ 4,100 $ 83,474 Nine Months Ended September 30, 2022 Individual Group Life Institutional Total (in millions) Balance, beginning of year $ 57,927 $ 45,138 $ 1,044 $ 5,002 $ 109,111 Premiums and deposits 1,905 1,248 28 54 3,235 Policy charges (988) (356) (38) (75) (1,457) Surrenders and withdrawals (2,492) (1,931) (19) (42) (4,484) Benefit payments (684) (407) (5) (16) (1,112) Investment performance (12,440) (10,831) (252) (328) (23,851) Net transfers from (to) general account and other 157 (333) (1) 37 (140) Balance, end of period $ 43,385 $ 32,528 $ 757 $ 4,632 $ 81,302 Cash surrender value* $ 42,313 $ 32,340 $ 756 $ 4,633 $ 80,042

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
Rollforward of Common Stock Outstanding	The following table presents a rollforward of outstanding shares: Nine Months Ended September 30, 2023 Common Treasury Common Stock (in millions) Shares, beginning of year 1,906.7 (1,172.6) 734.1 Shares issued — 5.1 5.1 Shares repurchased — (34.6) (34.6) Shares, end of period 1,906.7 (1,202.1) 704.6
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents a rollforward of Accumulated other comprehensive income (loss): (in millions) Unrealized Unrealized Change in Fair Change in the Foreign Retirement Fair Value of Total Balance, June 30, 2023, net of tax $ (60) $ (16,655) $ (315) $ 2,067 $ (3,174) $ (845) $ — $ (18,982) Change in unrealized appreciation (depreciation) of investments* (69) (7,025) — — — — — (7,094) Change in other (11) 17 — — — — — 6 Change in fair value of market risk benefits, net — — (104) — — — — (104) Change in discount rates — — — 1,470 — — — 1,470 Change in future policy benefits — 173 — — — — — 173 Change in foreign currency translation adjustments — — — — (279) — — (279) Change in net actuarial loss — — — — — 62 — 62 Change in prior service cost — — — — — 1 — 1 Change in deferred tax asset (liability) 14 1,141 23 (323) 10 (18) — 847 Total other comprehensive income (loss) (66) (5,694) (81) 1,147 (269) 45 — (4,918) Other changes in AOCI: Corebridge noncontrolling interests (1) (72) (2) 14 — — — (61) Noncontrolling interests (17) (1,760) (29) 387 (13) — — (1,432) Balance, September 30, 2023, net of tax $ (110) $ (20,661) $ (369) $ 2,841 $ (3,430) $ (800) $ — $ (22,529) Balance, June 30, 2022, net of tax $ (56) $ (16,248) $ (267) $ 1,590 $ (2,790) $ (878) $ 2 $ (18,647) Change in unrealized appreciation (depreciation) of investments (94) (12,040) — — — — — (12,134) Change in other — 38 — — — — — 38 Change in fair value of market risk benefits, net — — 320 — — — — 320 Change in discount rates — — — 2,168 — — — 2,168 Change in future policy benefits — 450 — — — — — 450 Change in foreign currency translation adjustments — — — — (748) — — (748) Change in net actuarial loss — — — — — 15 — 15 Change in prior service cost — — — — — 3 — 3 Change in deferred tax asset (liability) 20 2,048 (67) (443) 27 (3) — 1,582 Total other comprehensive income (loss) (74) (9,504) 253 1,725 (721) 15 — (8,306) Other changes in AOCI: Corebridge noncontrolling interests — 2,485 11 (393) 14 (1) — 2,116 Noncontrolling interests (6) (923) 30 200 (18) — — (717) Balance, September 30, 2022, net of tax $ (124) $ (22,344) $ (33) $ 2,722 $ (3,479) $ (864) $ 2 $ (24,120) * Includes net unrealized gains and losses attributable to businesses held for sale at September 30, 2023.
Schedule of Other Comprehensive Income (Loss) Reclassification Adjustments	The following table presents the other comprehensive income (loss) reclassification adjustments for the three and nine months ended September 30, 2023 and 2022 , respectively: (in millions) Unrealized Unrealized Change in Fair Change in the Foreign Retirement Fair Value of Total Three Months Ended September 30, 2023 Unrealized change arising during period $ (80) $ (6,998) $ (104) $ 1,470 $ (279) $ 57 $ — $ (5,934) Less: Reclassification adjustments included in net income — (163) — — — (6) — (169) Total other comprehensive income (loss), before income tax expense (benefit) (80) (6,835) (104) 1,470 (279) 63 — (5,765) Less: Income tax expense (benefit) (14) (1,141) (23) 323 (10) 18 — (847) Total other comprehensive income (loss), net of income tax expense (benefit) $ (66) $ (5,694) $ (81) $ 1,147 $ (269) $ 45 $ — $ (4,918) Three Months Ended September 30, 2022 Unrealized change arising during period $ (77) $ (11,700) $ 320 $ 2,168 $ (748) $ 10 $ — $ (10,027) Less: Reclassification adjustments included in net income 17 (148) — — — (8) — (139) Total other comprehensive income (loss), before income tax expense (benefit) (94) (11,552) 320 2,168 (748) 18 — (9,888) Less: Income tax expense (benefit) (20) (2,048) 67 443 (27) 3 — (1,582) Total other comprehensive income (loss), net of income tax expense (benefit) $ (74) $ (9,504) $ 253 $ 1,725 $ (721) $ 15 $ — $ (8,306) Nine Months Ended September 30, 2023 Unrealized change arising during period $ 10 $ (5,171) $ (250) $ 1,474 $ (323) $ 147 $ — $ (4,113) Less: Reclassification adjustments included in net income (23) (933) — — — (23) — (979) Total other comprehensive income (loss), before of income tax expense (benefit) 33 (4,238) (250) 1,474 (323) 170 — (3,134) Less: Income tax expense (benefit) 9 (798) (54) 374 33 45 — (391) Total other comprehensive income (loss), net of income tax expense (benefit) $ 24 $ (3,440) $ (196) $ 1,100 $ (356) $ 125 $ — $ (2,743) Nine Months Ended September 30, 2022 Unrealized change arising during period $ (98) $ (49,047) $ 2,048 $ 7,403 $ (1,024) $ 16 $ (4) $ (40,706) Less: Reclassification adjustments included in net income 9 (883) — — — (23) — (897) Total other comprehensive income (loss), before income tax expense (benefit) (107) (48,164) 2,048 7,403 (1,024) 39 (4) (39,809) Less: Income tax expense (benefit) (24) (7,737) 431 1,518 38 (1) — (5,775) Total other comprehensive income (loss), net of income tax expense (benefit) $ (83) $ (40,427) $ 1,617 $ 5,885 $ (1,062) $ 40 $ (4) $ (34,034)
Schedule of Effect of the Reclassification of Significant Items out of Accumulated Other Comprehensive Income on the Respective Line Items in the Consolidated Statements of Income	The following table presents the effect of the reclassification of significant items out of AOCI on the respective line items in the Condensed Consolidated Statements of Income (Loss) (a) : Amount Reclassified from AOCI Affected Line Item in the Three Months Ended September 30, Condensed Consolidated (in millions) 2023 2022 Statements of Income (Loss) Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken Investments $ — $ 17 Net realized gains (losses) Total — 17 Unrealized appreciation (depreciation) of all other investments Investments (163) (148) Net realized gains (losses) Total (163) (148) Change in retirement plan liabilities adjustment Prior-service credit (1) (1) (b) Actuarial losses (5) (7) (b) Total (6) (8) Total reclassifications for the period $ (169) $ (139) Amount Reclassified from AOCI Affected Line Item in the Nine Months Ended September 30, Condensed Consolidated (in millions) 2023 2022 Statements of Income (Loss) Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken Investments $ (23) $ 9 Net realized gains (losses) Total (23) 9 Unrealized appreciation (depreciation) of all other investments Investments (933) (883) Net realized gains (losses) Total (933) (883) Change in retirement plan liabilities adjustment Prior-service credit (2) (2) (b) Actuarial losses (21) (21) (b) Total (23) (23) Total reclassifications for the period $ (979) $ (897) (a) The following items are not reclassified out of AOCI and included in the Condensed Consolidated Statements of Income (Loss) and thus have been excluded from the table: (a) Change in fair value of market risk benefits attributable to changes in our own credit risk (b) Change in the discount rates used to measure traditional and limited-payment long-duration insurance contracts, and (c) Fair value of liabilities under fair value option attributable to changes in own credit risk.
Schedule of Change in Ownership	The following table presents the effect of changes in our ownership interest in Corebridge on our equity: (in millions) Three Months Ended Nine Months Ended Net income attributable to AIG common shareholders $ 2,020 $ 3,528 Changes in AIG equity for sale of interest in Corebridge and Corebridge share repurchases (6) (92) Change from Net income attributable to AIG common shareholders and changes in AIG's ownership interests $ 2,014 $ 3,436

Earnings Per Common Share (EP_2

Earnings Per Common Share (EPS) (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Computation of Basic and Diluted EPS	The following table presents the computation of basic and diluted EPS: Three Months Ended Nine Months Ended (dollars in millions, except per common share data) 2023 2022 2023 2022 Numerator for EPS: Income from continuing operations $ 2,747 $ 3,087 $ 4,351 $ 10,727 Less: Net income from continuing operations attributable to noncontrolling interests 720 339 801 1,051 Less: Preferred stock dividends 7 7 22 22 Income attributable to AIG common shareholders from continuing operations 2,020 2,741 3,528 9,654 Income (loss) from discontinued operations, net of income tax expense — — — (1) Net income attributable to AIG common shareholders $ 2,020 $ 2,741 $ 3,528 $ 9,653 Denominator for EPS: Weighted average common shares outstanding - basic 712,598,496 763,051,482 725,579,999 789,888,322 Dilutive common shares 6,128,816 8,080,919 5,453,046 9,204,234 Weighted average common shares outstanding - diluted (a) 718,727,312 771,132,401 731,033,045 799,092,556 Income (loss) per common share attributable to AIG common shareholders: Basic: Income from continuing operations $ 2.83 $ 3.59 $ 4.86 $ 12.22 Income from discontinued operations $ — $ — $ — $ — Income attributable to AIG common shareholders $ 2.83 $ 3.59 $ 4.86 $ 12.22 Diluted: Income from continuing operations $ 2.81 $ 3.55 $ 4.83 $ 12.08 Income from discontinued operations $ — $ — $ — $ — Income attributable to AIG common shareholders $ 2.81 $ 3.55 $ 4.83 $ 12.08 (a) Potential dilutive common shares include our share-based employee compensation plans and an option for Blackstone to exchange all or a portion of its ownership interest in Corebridge for AIG common shares in the event an IPO did not occur prior to 2024. As a result of the consummation of the IPO on September 19, 2022, this exchange right of Blackstone was terminated. The number of potential common shares excluded from diluted shares outstanding was 5.1 million and 5.4 million for the three and nine months ended September 30, 2023, respectively, and 6.0 million and 30.8 million for the three and nine months ended September 30, 2022, respectively, because the effect of including those common shares in the calculation would have been anti-dilutive.

Basis of Presentation (Details)

Basis of Presentation (Details) $ / shares in Units, € in Millions, £ in Millions, $ in Millions

3 Months Ended

6 Months Ended

9 Months Ended

Nov. 01, 2023 USD ($) shares

Oct. 31, 2023 EUR (€)

Jul. 03, 2023 USD ($)

Jun. 26, 2023 USD ($) shares

Jun. 12, 2023 USD ($) $ / shares shares

May 22, 2023 USD ($) shares

Dec. 14, 2022 USD ($)

Sep. 19, 2022 USD ($) $ / shares shares

Nov. 02, 2021

Sep. 30, 2023 USD ($) country

Sep. 30, 2022 USD ($)

Jun. 30, 2024 GBP (£)

Sep. 30, 2023 USD ($) country shares

Sep. 30, 2022 USD ($)

Basis of Presentation Information

Number of countries in which the entity operates | country

70

70

Total number of warrants repurchased (in shares) | shares

12,200,000

Aggregate purchase price of repurchased shares

$ 200

Contributions from noncontrolling interests

$ 8

$ 17

$ 35

$ 22

Parent Company

Basis of Presentation Information

Pre-tax loss on deconsolidation

$ 114

Total AIG Shareholders' Equity

Basis of Presentation Information

Contributions from noncontrolling interests

(15)

$ 71

$ 497

$ (6)

$ (92)

AIG

Basis of Presentation Information

Aggregate purchase price of repurchased shares

$ 180

IPO And Secondary Offering | Corebridge Financial Inc

Basis of Presentation Information

Shares issued in IPO (in shares) | shares

74,750,000

Secondary Offering | Corebridge Financial Inc

Basis of Presentation Information

Shares issued in IPO (in shares) | shares

9,750,000

Price per share (in USD per share) | $ / shares

$ 16.25

Gross proceeds from sale of stock

$ 1,200

IPO | Corebridge Financial Inc

Basis of Presentation Information

Shares issued in IPO (in shares) | shares

65,000,000

80,000,000

Price per share (in USD per share) | $ / shares

$ 21

Percentage of stock sold (as a percent)

12.40%

Gross proceeds from sale of stock

$ 1,700

Corebridge Financial Inc

Basis of Presentation Information

Shares issued in IPO (in shares) | shares

648,000,000

Ownership (as a percent)

65.60%

65.60%

Corebridge Financial Inc | AIG

Basis of Presentation Information

Total number of warrants repurchased (in shares) | shares

11,000,000

Corebridge Financial Inc | Blackstone

Basis of Presentation Information

Ownership percentage by noncontrolling owners

9.90%

Percent of ownership interest permitted to be sold after first anniversary

25%

Percent of ownership interest permitted to be sold after second anniversary

67%

Percent of ownership interest permitted to be sold after third anniversary

75%

Corebridge Financial Inc | Secondary Offering

Basis of Presentation Information

Shares issued in IPO (in shares) | shares

74,750,000

Corebridge Financial Inc | IPO

Basis of Presentation Information

Shares issued in IPO (in shares) | shares

65,000,000

AIG Life | Assets held-for-sale | Forecast

Basis of Presentation Information

Cash consideration for divestiture of business | £

£ 460

Laya and Other | Assets held-for-sale | Subsequent event

Basis of Presentation Information

Cash consideration for divestiture of business | €

€ 650

Validus Re | Assets held-for-sale

Basis of Presentation Information

Cash consideration for divestiture of business

$ 2,700

Share consideration received on transaction (in shares) | shares

1,300,000

Validus Re | Assets held-for-sale | Subsequent event

Basis of Presentation Information

Cash consideration for divestiture of business

$ 2,700

Value of share consideration received on transaction

$ 275

Share consideration received on transaction (in shares) | shares

1,300,000

Crop Risk Services | Assets held-for-sale

Basis of Presentation Information

Cash consideration for divestiture of business

$ 234

Pre-tax gain on disposal of business

$ 126

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	[1]	Jan. 01, 2021
Summary of Significant Accounting Policies [Line Items]
Stockholders' equity	$ (43,213)	$ (46,491)	$ (43,454)	$ (42,113)	$ (47,224)	$ (69,034)		$ (65,935)
Accumulated Other Comprehensive Income (Loss)
Summary of Significant Accounting Policies [Line Items]
Stockholders' equity	22,529	18,982	22,616	24,120	18,647	(5,071)
Retained Earnings
Summary of Significant Accounting Policies [Line Items]
Stockholders' equity	$ (37,689)	$ (35,916)	$ (34,893)	$ (34,588)	$ (32,091)	$ (25,695)
Cumulative effect of change in accounting principle | Minimum | ASU 2018-12 | Accumulated Other Comprehensive Income (Loss)
Summary of Significant Accounting Policies [Line Items]
Stockholders' equity								(2,200)
Cumulative effect of change in accounting principle | Minimum | ASU 2018-12 | Retained Earnings
Summary of Significant Accounting Policies [Line Items]
Stockholders' equity								$ (933)
[1]Updated to reflect the adoption of long-duration targets improvements, see Note 2.

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Adjusted Balance Sheet to Apply Adopted Guidance (Details) - USD ($) $ in Millions	Sep. 30, 2023		Jun. 30, 2023	Dec. 31, 2022		Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	[2]	Jan. 01, 2021	Dec. 31, 2020
Assets:
Premiums and other receivables, net of allowance for credit losses and disputes of $141 in 2023 and $169 in 2022	$ 11,388			$ 13,243
Reinsurance assets, net of allowance for credit losses and disputes											$ 3,176
Deferred income taxes	14,612			14,804						$ 12,963
Deferred policy acquisition costs	11,999			12,857						12,955
Market risk benefit assets, at fair value	978			796						338	338
Other assets	11,857	[1]		12,384	[1]					13,520
Total assets	521,521			522,228						598,841
Liabilities:
Future policy benefits for life and accident and health insurance contracts	51,666			51,914		$ 49,337				67,364
Policyholder contract deposits	159,737			155,984		154,852				148,223
Market risk benefit liabilities, at fair value	4,519			4,736						8,739	8,739
Other policyholder funds	3,365			3,463						3,796
Other liabilities(c)	24,202	[1]		26,757	[1]					27,520
Total liabilities	478,308			478,774						532,906
Additional paid-in capital	77,764			79,915
Retained earnings	37,689			34,893						16,437
Accumulated other comprehensive loss	(22,529)			(22,616)						11,314
Total AIG shareholders’ equity	39,984			40,970						65,098
Non-redeemable noncontrolling interests	3,229			2,484
Total equity	43,213		$ 46,491	43,454		$ 42,113	$ 47,224	$ 69,034		65,935
Total liabilities and equity	521,521			522,228						598,841
Fortitude RE
Assets:
Reinsurance assets, net of allowance for credit losses and disputes	28,895			30,751						42,244	36,801
Excluding Fortitude
Assets:
Reinsurance assets, net of allowance for credit losses and disputes	$ 38,163			38,971						39,432	36,300
As Previously Reported
Assets:
Reinsurance assets, net of allowance for credit losses and disputes											2,707
Deferred income taxes				15,144						12,624
Deferred policy acquisition costs				15,518						9,805
Market risk benefit assets, at fair value				0						0
Other assets				12,714						13,122
Total assets				526,634						586,481
Liabilities:
Future policy benefits for life and accident and health insurance contracts				59,223						56,878
Policyholder contract deposits				158,891						154,470
Market risk benefit liabilities, at fair value				0						0
Other policyholder funds				3,909						3,548
Other liabilities(c)				26,456						27,122
Total liabilities				484,399						519,282
Additional paid-in capital				80,284
Retained earnings				33,032						15,504
Accumulated other comprehensive loss				(22,092)						13,511
Total AIG shareholders’ equity				40,002						66,362
Non-redeemable noncontrolling interests				2,233
Total equity				42,235						67,199
Total liabilities and equity				526,634						586,481
As Previously Reported | Fortitude RE
Assets:
Reinsurance assets, net of allowance for credit losses and disputes				32,159						34,578	$ 29,135
As Previously Reported | Excluding Fortitude
Assets:
Reinsurance assets, net of allowance for credit losses and disputes				39,434						38,963
Cumulative effect adjustments
Assets:
Deferred income taxes				(340)						339
Deferred policy acquisition costs				(2,661)						3,150
Market risk benefit assets, at fair value				796						338
Other assets				(330)						398
Total assets				(4,406)						12,360
Liabilities:
Future policy benefits for life and accident and health insurance contracts				(7,309)						10,486
Policyholder contract deposits				(2,907)						(6,247)
Market risk benefit liabilities, at fair value				4,736						8,739
Other policyholder funds				(446)						248
Other liabilities(c)				301						398
Total liabilities				(5,625)						13,624
Additional paid-in capital				(369)
Retained earnings				1,861						933
Accumulated other comprehensive loss				(524)						(2,197)
Total AIG shareholders’ equity				968						(1,264)
Non-redeemable noncontrolling interests				251
Total equity				1,219						(1,264)
Total liabilities and equity				(4,406)						12,360
Cumulative effect adjustments | Fortitude RE
Assets:
Reinsurance assets, net of allowance for credit losses and disputes				(1,408)						7,666
Cumulative effect adjustments | Excluding Fortitude
Assets:
Reinsurance assets, net of allowance for credit losses and disputes				$ (463)						$ 469
[1]See Note 10 for details of balances associated with variable interest entities.[2]Updated to reflect the adoption of long-duration targets improvements, see Note 2.

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Adjusted Income Statement and Comprehensive Income to Apply Adopted Guidance (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Premiums	$ 7,244	$ 7,828	$ 24,782	$ 22,460
Policy fees	702	735	2,094	2,193
Total net realized gains (losses)	1,081	2,572	(1,125)	8,783
Total revenues	12,774	13,998	36,976	42,605
Policyholder benefits and losses incurred	4,982	6,049	18,237	16,093
Change in the fair value of market risk benefits, net	(418)	(435)	(484)	(713)
Interest credited to policyholder account balances	1,135	959	3,237	2,749
Amortization of deferred policy acquisition costs	1,190	1,170	3,673	3,423
General operating and other expenses	2,117	2,075	6,365	6,445
Total benefits, losses and expenses	9,206	10,094	31,772	29,062
Income (loss) from continuing operations before income tax expense (benefit)	3,568	3,904	5,204	13,543
Income tax expense (benefit)	821	817	853	2,816
Income (loss) from continuing operations	2,747	3,087	4,351	10,727
Net income (loss)	2,747	3,087	4,351	10,726
Net income (loss) from continuing operations attributable to noncontrolling interests	720	339	801	1,051
Net income (loss) attributable to AIG	2,027	2,748	3,550	9,675
Net income attributable to AIG common shareholders	$ 2,020	$ 2,741	$ 3,528	$ 9,653
Income (loss) attributable to AIG common shareholders (in dollars per share)	$ 2.83	$ 3.59	$ 4.86	$ 12.22
Net income attributable to AIG common shareholders (in dollars per share)	$ 2.81	$ 3.55	$ 4.83	$ 12.08
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 2,747	$ 3,087	$ 4,351	$ 10,726
Change in unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken	(66)	(74)	24	(83)
Change in unrealized appreciation (depreciation) of all other investments	(5,694)	(9,504)	(3,440)	(40,427)
Change in fair value of market risk benefits attributable to changes in our own credit risk	(81)	253	(196)	1,617
Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts	1,147	1,725	1,100	5,885
Change in foreign currency translation adjustments	(269)	(721)	(356)	(1,062)
Other comprehensive income (loss)	(4,918)	(8,306)	(2,743)	(34,034)
Comprehensive income (loss)	(2,171)	(5,219)	1,608	(23,308)
Comprehensive income (loss) attributable to noncontrolling interests	(712)	(378)	(263)	(1,676)
Comprehensive income (loss) attributable to AIG	$ (1,459)	(4,841)	$ 1,871	(21,632)
As Previously Reported
Income Statement [Abstract]
Premiums		7,832		22,458
Policy fees		732		2,238
Total net realized gains (losses)		3,175		10,986
Total revenues		14,602		44,851
Policyholder benefits and losses incurred		6,187		16,565
Change in the fair value of market risk benefits, net		0		0
Interest credited to policyholder account balances		951		2,738
Amortization of deferred policy acquisition costs		1,248		3,983
General operating and other expenses		2,093		6,497
Total benefits, losses and expenses		10,755		30,848
Income (loss) from continuing operations before income tax expense (benefit)		3,847		14,003
Income tax expense (benefit)		806		2,913
Income (loss) from continuing operations		3,041		11,090
Net income (loss)		3,041		11,089
Net income (loss) from continuing operations attributable to noncontrolling interests		332		1,084
Net income (loss) attributable to AIG		2,709		10,005
Net income attributable to AIG common shareholders		$ 2,702		$ 9,983
Income (loss) attributable to AIG common shareholders (in dollars per share)		$ 3.54		$ 12.64
Net income attributable to AIG common shareholders (in dollars per share)		$ 3.50		$ 12.49
Statement of Comprehensive Income [Abstract]
Net income (loss)		$ 3,041		$ 11,089
Change in unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken		(73)		(78)
Change in unrealized appreciation (depreciation) of all other investments		(8,324)		(34,469)
Change in fair value of market risk benefits attributable to changes in our own credit risk		0		0
Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts		0		0
Change in foreign currency translation adjustments		(591)		(877)
Other comprehensive income (loss)		(8,973)		(35,388)
Comprehensive income (loss)		(5,932)		(24,299)
Comprehensive income (loss) attributable to noncontrolling interests		(464)		(1,784)
Comprehensive income (loss) attributable to AIG		(5,468)		(22,515)
Effect of Change
Income Statement [Abstract]
Premiums		(4)		2
Policy fees		3		(45)
Total net realized gains (losses)		(603)		(2,203)
Total revenues		(604)		(2,246)
Policyholder benefits and losses incurred		(138)		(472)
Change in the fair value of market risk benefits, net		(435)		(713)
Interest credited to policyholder account balances		8		11
Amortization of deferred policy acquisition costs		(78)		(560)
General operating and other expenses		(18)		(52)
Total benefits, losses and expenses		(661)		(1,786)
Income (loss) from continuing operations before income tax expense (benefit)		57		(460)
Income tax expense (benefit)		11		(97)
Income (loss) from continuing operations		46		(363)
Net income (loss)		46		(363)
Net income (loss) from continuing operations attributable to noncontrolling interests		7		(33)
Net income (loss) attributable to AIG		39		(330)
Net income attributable to AIG common shareholders		$ 39		$ (330)
Income (loss) attributable to AIG common shareholders (in dollars per share)		$ 0.05		$ (0.42)
Net income attributable to AIG common shareholders (in dollars per share)		$ 0.05		$ (0.41)
Statement of Comprehensive Income [Abstract]
Net income (loss)		$ 46		$ (363)
Change in unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken		(1)		(5)
Change in unrealized appreciation (depreciation) of all other investments		(1,180)		(5,958)
Change in fair value of market risk benefits attributable to changes in our own credit risk		253		1,617
Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts		1,725		5,885
Change in foreign currency translation adjustments		(130)		(185)
Other comprehensive income (loss)		667		1,354
Comprehensive income (loss)		713		991
Comprehensive income (loss) attributable to noncontrolling interests		86		108
Comprehensive income (loss) attributable to AIG		$ 627		$ 883

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Adjusted Cash Flows to Apply Adopted Guidance (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net income (loss)	$ 2,747	$ 3,087	$ 4,351	$ 10,726
Noncash revenues, expenses, gains and losses included in income (loss):
Unrealized (gains) losses in earnings - net			795	(171)
Change in the fair value of market risk benefits in earnings, net			(1,056)	(1,032)
Depreciation and other amortization			3,245	3,321
Changes in operating assets and liabilities:
Insurance reserves			2,908	434
Premiums and other receivables and payables - net			(1,606)	(8,953)
Reinsurance assets, net			(1,001)	1,317
Capitalization of deferred policy acquisition costs			(4,260)	(3,756)
Current and deferred income taxes - net			380	2,327
Other, net			67	(1,091)
Total adjustments			270	(6,760)
Net cash provided by operating activities			4,621	3,967
Cash flows from financing activities:
Policyholder contract deposits			24,550	19,831
Policyholder contract withdrawals			(20,409)	(14,736)
Net cash used in financing activities			$ (239)	(1,519)
As Previously Reported
Cash flows from operating activities:
Net income (loss)		3,041		11,089
Noncash revenues, expenses, gains and losses included in income (loss):
Unrealized (gains) losses in earnings - net				(2,738)
Change in the fair value of market risk benefits in earnings, net				0
Depreciation and other amortization				3,918
Changes in operating assets and liabilities:
Insurance reserves				1,720
Premiums and other receivables and payables - net				(8,914)
Reinsurance assets, net				200
Capitalization of deferred policy acquisition costs				(3,704)
Current and deferred income taxes - net				2,424
Other, net				(822)
Total adjustments				(7,072)
Net cash provided by operating activities				4,018
Cash flows from financing activities:
Policyholder contract deposits				19,779
Net cash used in financing activities				(1,571)
Effect of Change
Cash flows from operating activities:
Net income (loss)		$ 46		(363)
Noncash revenues, expenses, gains and losses included in income (loss):
Unrealized (gains) losses in earnings - net				2,567
Change in the fair value of market risk benefits in earnings, net				(1,032)
Depreciation and other amortization				(597)
Changes in operating assets and liabilities:
Insurance reserves				(1,286)
Premiums and other receivables and payables - net				(39)
Reinsurance assets, net				1,117
Capitalization of deferred policy acquisition costs				(52)
Current and deferred income taxes - net				(97)
Other, net				(269)
Total adjustments				312
Net cash provided by operating activities				(51)
Cash flows from financing activities:
Policyholder contract deposits				52
Net cash used in financing activities				$ 52

Segment Information - Narrative

Segment Information - Narrative (Details)	9 Months Ended
	Sep. 30, 2023 segment
General Insurance
Segment Reporting Information [Line Items]
Number of operating segments	2
Life and Retirement
Segment Reporting Information [Line Items]
Number of operating segments	4

Segment Information - Schedule

Segment Information - Schedule of continuing operations by operating segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Revenues	$ 12,774	$ 13,998	$ 36,976	$ 42,605
Adjusted Pre-tax Income (Loss)	3,568	3,904	5,204	13,543
Net Investment Income	3,556	2,668	10,660	8,509
Interest expense	280	282	865	811
Amortization of deferred policy acquisition costs	1,190	1,170	3,673	3,423
Changes in fair value of securities used to hedge guaranteed living benefits, Adjusted Revenues	13	14	40	41
Changes in fair value of securities used to hedge guaranteed living benefits	(6)	6	(12)	29
Change in the fair value of market risk benefits, net	418	435	484	713
Changes in benefit reserves related to net realized gains (losses)	2	2	7	11
Changes in the fair value of equity securities	40	16	134	(41)
Other income (expense) - net	(7)	(7)	(26)	(23)
Gain (loss) on extinguishment of debt	(21)	0	(21)	(299)
Net realized gains (losses)	1,081	2,572	(1,125)	8,783
Net realized gains, adjusted revenues	114	845	(1,053)	1,039
Net realized gains, adjusted pre-tax income (loss)	133	846	(1,023)	1,055
Net gain on divestitures and other	101	6	142	45
Non-operating litigation reserves and settlements, adjustment to revenue	0	8	1	46
Non-operating litigation reserves and settlements, pre-tax income (loss)	0	3	0	41
Favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements	75	62	112	206
Net loss reserve discount charge	(5)	(10)	(85)	(4)
Integration and transaction costs associated with acquiring or divesting businesses	(65)	(52)	(196)	(136)
Restructuring and other costs	(132)	(147)	(402)	(415)
Non-recurring costs related to regulatory or accounting changes	(11)	(9)	(36)	(22)
Net impact from elimination of international reporting lag, adjusted revenues			4
Net impact from elimination of international reporting lag, adjusted pre-tax income (loss)			12
Pension expense related to a one-time lump sum payment to former employees	(8)	0	(75)	0
Fortitude Re funds withheld assets
Segment Reporting Information [Line Items]
Net Investment Income	264	155	1,001	634
Net realized gains (losses)	(227)	(86)	(396)	(312)
Fortitude Re funds withheld embedded derivative
Segment Reporting Information [Line Items]
Net realized gains (losses)	1,137	1,757	152	7,851
Total
Segment Reporting Information [Line Items]
Revenues	11,440	11,296	37,119	33,370
Adjusted Pre-tax Income (Loss)	1,873	920	5,406	4,187
Corporate Reconciling Items And Eliminations
Segment Reporting Information [Line Items]
Revenues	82	(26)	247	203
Adjusted Pre-tax Income (Loss)	(465)	(614)	(1,376)	(1,496)
Other Operations before consolidation and eliminations
Segment Reporting Information [Line Items]
Revenues	56	126	299	627
Adjusted Pre-tax Income (Loss)	(468)	(467)	(1,325)	(1,086)
Consolidation and eliminations
Segment Reporting Information [Line Items]
Revenues	26	(152)	(52)	(424)
Adjusted Pre-tax Income (Loss)	3	(147)	(51)	(410)
General Insurance | Reportable Segments
Segment Reporting Information [Line Items]
Revenues	7,178	6,989	21,405	20,854
Adjusted Pre-tax Income (Loss)	1,367	750	3,934	3,218
General Insurance | Reportable Segments | North America
Segment Reporting Information [Line Items]
Revenues	3,079	3,140	9,254	8,901
Adjusted Pre-tax Income (Loss)	235	(439)	886	223
General Insurance | Reportable Segments | International
Segment Reporting Information [Line Items]
Revenues	3,343	3,267	9,924	10,148
Adjusted Pre-tax Income (Loss)	376	607	821	1,190
General Insurance | Reportable Segments | Net investment income
Segment Reporting Information [Line Items]
Revenues	756	582	2,227	1,805
Adjusted Pre-tax Income (Loss)	756	582	2,227	1,805
Life and Retirement | Reportable Segments
Segment Reporting Information [Line Items]
Revenues	4,180	4,333	15,467	12,313
Adjusted Pre-tax Income (Loss)	971	784	2,848	2,465
Life and Retirement | Reportable Segments | Individual Retirement
Segment Reporting Information [Line Items]
Revenues	1,560	1,301	4,622	3,915
Adjusted Pre-tax Income (Loss)	572	377	1,690	1,213
Life and Retirement | Reportable Segments | Group Retirement
Segment Reporting Information [Line Items]
Revenues	688	672	2,061	2,078
Adjusted Pre-tax Income (Loss)	191	193	579	614
Life and Retirement | Reportable Segments | Life Insurance
Segment Reporting Information [Line Items]
Revenues	1,276	1,250	3,805	3,875
Adjusted Pre-tax Income (Loss)	133	131	293	364
Life and Retirement | Reportable Segments | Institutional Markets
Segment Reporting Information [Line Items]
Revenues	656	1,110	4,979	2,445
Adjusted Pre-tax Income (Loss)	$ 75	$ 83	$ 286	$ 274

Held-For-Sale Classification -

Held-For-Sale Classification - Narrative (Details) - Assets held-for-sale € in Millions, shares in Millions, $ in Millions	Nov. 01, 2023 USD ($) shares	Oct. 31, 2023 EUR (€)	May 22, 2023 USD ($) shares	Sep. 04, 2023 USD ($)	Dec. 31, 2022 USD ($)
Laya and Other | Subsequent event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration for divestiture of business | €		€ 650
Validus Re
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration for divestiture of business			$ 2,700
Share consideration received on transaction (in shares) | shares			1.3
Reimbursement to be received					$ 400
Reserve balance					$ 3,043
Expected premium to be paid				$ 80
Validus Re | Subsequent event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration for divestiture of business	$ 2,700
Share consideration received on transaction (in shares) | shares	1.3
Value of share consideration received on transaction	$ 275

Held-For-Sale Classification _2

Held-For-Sale Classification - Schedule of Disposal Groups (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Assets:
Assets held for sale	$ 14,018	$ 0
Liabilities:
Liabilities held for sale	10,117	$ 0
Assets held-for-sale
Assets:
Bonds available for sale	3,959
Other invested assets	5
Restricted cash included in short-term investments	262
Short-term investments, including restricted cash of	1,586
Cash	193
Accrued investment income	24
Premiums and other receivables, net of allowance for credit losses and disputes	3,337
Reinsurance assets - other, net of allowance for credit losses and disputes	2,553
Deferred income taxes	59
Deferred policy acquisition costs	1,378
Other assets, net of allowance for credit losses(a)	924
Assets held for sale	14,018
Liabilities:
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses	5,046
Unearned premiums	2,575
Future policy benefits for life and accident and health insurance contracts	592
Other policyholder funds	40
Other liabilities	1,864
Liabilities held for sale	10,117
Validus Re | Assets held-for-sale
Assets:
Bonds available for sale	3,822
Other invested assets	5
Short-term investments, including restricted cash of	1,478
Cash	176
Accrued investment income	21
Premiums and other receivables, net of allowance for credit losses and disputes	3,195
Reinsurance assets - other, net of allowance for credit losses and disputes	1,759
Deferred income taxes	23
Deferred policy acquisition costs	623
Other assets, net of allowance for credit losses(a)	676
Assets held for sale	11,778
Liabilities:
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses	5,046
Unearned premiums	2,504
Future policy benefits for life and accident and health insurance contracts	0
Other policyholder funds	0
Other liabilities	910
Liabilities held for sale	8,460
Goodwill	318
Intangible assets	235
AIG Life | Assets held-for-sale
Assets:
Bonds available for sale	137
Other invested assets	0
Short-term investments, including restricted cash of	32
Cash	2
Accrued investment income	3
Premiums and other receivables, net of allowance for credit losses and disputes	127
Reinsurance assets - other, net of allowance for credit losses and disputes	794
Deferred income taxes	35
Deferred policy acquisition costs	755
Other assets, net of allowance for credit losses(a)	109
Assets held for sale	1,994
Liabilities:
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses	0
Unearned premiums	71
Future policy benefits for life and accident and health insurance contracts	592
Other policyholder funds	0
Other liabilities	918
Liabilities held for sale	1,581
Goodwill	23
Intangible assets	3
Laya and Other | Assets held-for-sale
Assets:
Bonds available for sale	0
Other invested assets	0
Short-term investments, including restricted cash of	76
Cash	15
Accrued investment income	0
Premiums and other receivables, net of allowance for credit losses and disputes	15
Reinsurance assets - other, net of allowance for credit losses and disputes	0
Deferred income taxes	1
Deferred policy acquisition costs	0
Other assets, net of allowance for credit losses(a)	139
Assets held for sale	246
Liabilities:
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses	0
Unearned premiums	0
Future policy benefits for life and accident and health insurance contracts	0
Other policyholder funds	40
Other liabilities	36
Liabilities held for sale	76
Goodwill	30
Intangible assets	$ 10

Fair Value Measurements - Asset

Fair Value Measurements - Assets and liabilities measured at fair value on a recurring basis (Details) - USD ($)		Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jan. 01, 2021	Dec. 31, 2020
Assets:
Bonds available for sale	[1]	$ 214,940,000,000	$ 226,156,000,000
Other bond securities, at fair value (See Note 5)	[1]	4,840,000,000	4,485,000,000
Equity securities	[1]	515,000,000	575,000,000
Derivative assets		6,499,000,000	6,049,000,000
Counterparty netting		(3,985,000,000)	(3,895,000,000)
Cash Collateral		(2,141,000,000)	(1,640,000,000)
Total derivative assets		373,000,000	514,000,000
Short-term investments	[1]	13,048,000,000	12,376,000,000
Market risk benefit assets, at fair value		978,000,000	796,000,000		$ 338,000,000	$ 338,000,000
Separate account assets		84,724,000,000	84,853,000,000
Liabilities:
Policyholder contract deposits		159,737,000,000	155,984,000,000	$ 154,852,000,000	148,223,000,000
Market risk benefit liabilities, at fair value		4,519,000,000	4,736,000,000		$ 8,739,000,000	$ 8,739,000,000
Derivative liabilities		6,716,000,000	6,043,000,000
Counterparty netting		(3,985,000,000)	(3,895,000,000)
Cash Collateral		$ (2,472,000,000)	$ (1,917,000,000)
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Other liabilities(c)	Other liabilities(c)
Total derivative liabilities		$ 259,000,000	$ 231,000,000
Fortitude Re funds withheld payable		(27,691,000,000)	(30,383,000,000)
U.S. government and government sponsored entities
Assets:
Bonds available for sale		5,954,000,000	6,619,000,000
Obligations of states, municipalities and political subdivisions
Assets:
Bonds available for sale		10,446,000,000	12,099,000,000
Non-U.S. governments
Assets:
Bonds available for sale		11,724,000,000	13,485,000,000
Corporate debt
Assets:
Bonds available for sale		126,091,000,000	137,839,000,000
RMBS
Assets:
Bonds available for sale		18,731,000,000	18,817,000,000
CMBS
Assets:
Bonds available for sale		13,510,000,000	14,193,000,000
CLO/ABS
Assets:
Bonds available for sale		28,484,000,000	23,104,000,000
Level 3
Liabilities:
Policyholder contract deposits		1,200,000,000	1,100,000,000
Level 3 | Obligations of states, municipalities and political subdivisions
Assets:
Bonds available for sale		743,000,000	799,000,000
Level 3 | Corporate debt
Assets:
Bonds available for sale		1,459,000,000	2,527,000,000
Level 3 | RMBS
Assets:
Bonds available for sale		4,855,000,000	5,235,000,000
Level 3 | CMBS
Assets:
Bonds available for sale		501,000,000	587,000,000
Fair Value Measured at Net Asset Value Per Share
Liabilities:
Fair Value Using NAV Per Share (or its equivalent)		9,600,000,000	9,800,000,000
Recurring Basis
Assets:
Counterparty netting		(3,985,000,000)	(3,895,000,000)
Cash Collateral		(2,141,000,000)	(1,640,000,000)
Counterparty netting and cash collateral		(6,126,000,000)	(5,535,000,000)
Total derivative assets		373,000,000	514,000,000
Short-term investments		6,459,000,000	5,708,000,000
Market risk benefit assets, at fair value		978,000,000	796,000,000
Liabilities:
Policyholder contract deposits		6,376,000,000	5,408,000,000
Market risk benefit liabilities, at fair value		4,519,000,000	4,736,000,000
Counterparty netting		(3,985,000,000)	(3,895,000,000)
Cash Collateral		(2,472,000,000)	(1,917,000,000)
Counterparty netting and cash collateral		(6,457,000,000)	(5,812,000,000)
Total derivative liabilities		259,000,000	231,000,000
Fortitude Re funds withheld payable		(3,413,000,000)	(2,235,000,000)
Other liabilities		351,000,000	343,000,000
Long-term debt		102,000,000	56,000,000
Recurring Basis | Levels 1, 2 and 3
Assets:
Bonds available for sale		214,940,000,000	226,156,000,000
Other bond securities, at fair value (See Note 5)		4,840,000,000	4,485,000,000
Equity securities		515,000,000	575,000,000
Other invested assets		2,376,000,000	2,220,000,000
Short-term investments		6,459,000,000	5,708,000,000
Other assets		112,000,000	107,000,000
Separate account assets		84,724,000,000	84,853,000,000
Total(d)		315,317,000,000	325,414,000,000
Liabilities:
Policyholder contract deposits		6,376,000,000	5,408,000,000
Fortitude Re funds withheld payable		(3,413,000,000)
Fortitude Re funds withheld payable			(2,235,000,000)
Other liabilities		92,000,000	112,000,000
Long-term debt		102,000,000	56,000,000
Total		7,935,000,000	8,308,000,000
Recurring Basis | Levels 1, 2 and 3 | Discontinued Operations, Excluding Held-for-Sale
Assets:
Total(d)			5,400,000,000
Recurring Basis | Levels 1, 2 and 3 | Interest rate contracts
Assets:
Derivative assets		3,248,000,000	3,722,000,000
Liabilities:
Derivative liabilities		5,174,000,000	4,838,000,000
Recurring Basis | Levels 1, 2 and 3 | Foreign exchange contracts
Assets:
Derivative assets		1,780,000,000	1,844,000,000
Liabilities:
Derivative liabilities		651,000,000	1,138,000,000
Recurring Basis | Levels 1, 2 and 3 | Equity contracts
Assets:
Derivative assets		1,422,000,000	428,000,000
Liabilities:
Derivative liabilities		853,000,000	26,000,000
Recurring Basis | Levels 1, 2 and 3 | Commodity contracts
Assets:
Derivative assets			9,000,000
Recurring Basis | Levels 1, 2 and 3 | Credit contracts
Assets:
Derivative assets		33,000,000	32,000,000
Liabilities:
Derivative liabilities		38,000,000	41,000,000
Recurring Basis | Levels 1, 2 and 3 | Other contracts
Assets:
Derivative assets		16,000,000	14,000,000
Recurring Basis | Levels 1, 2 and 3 | U.S. government and government sponsored entities
Assets:
Bonds available for sale		5,954,000,000	6,619,000,000
Recurring Basis | Levels 1, 2 and 3 | Obligations of states, municipalities and political subdivisions
Assets:
Bonds available for sale		10,446,000,000	12,099,000,000
Other bond securities, at fair value (See Note 5)		91,000,000	111,000,000
Recurring Basis | Levels 1, 2 and 3 | Non-U.S. governments
Assets:
Bonds available for sale		11,724,000,000	13,485,000,000
Other bond securities, at fair value (See Note 5)		33,000,000	66,000,000
Recurring Basis | Levels 1, 2 and 3 | Corporate debt
Assets:
Bonds available for sale		126,091,000,000	137,839,000,000
Other bond securities, at fair value (See Note 5)		2,624,000,000	2,392,000,000
Recurring Basis | Levels 1, 2 and 3 | RMBS
Assets:
Bonds available for sale		18,731,000,000	18,817,000,000
Other bond securities, at fair value (See Note 5)		267,000,000	286,000,000
Recurring Basis | Levels 1, 2 and 3 | CMBS
Assets:
Bonds available for sale		13,510,000,000	14,193,000,000
Other bond securities, at fair value (See Note 5)		278,000,000	331,000,000
Recurring Basis | Levels 1, 2 and 3 | CLO/ABS
Assets:
Bonds available for sale		28,484,000,000	23,104,000,000
Other bond securities, at fair value (See Note 5)		1,547,000,000	1,299,000,000
Recurring Basis | Level 1
Assets:
Bonds available for sale		588,000,000	183,000,000
Other bond securities, at fair value (See Note 5)		0	0
Equity securities		441,000,000	518,000,000
Other invested assets		0	0
Derivative assets		4,000,000	12,000,000
Short-term investments		2,384,000,000	2,821,000,000
Market risk benefit assets, at fair value		0	0
Other assets		0	0
Separate account assets		81,567,000,000	81,655,000,000
Total(d)		84,984,000,000	85,189,000,000
Liabilities:
Policyholder contract deposits		0	0
Market risk benefit liabilities, at fair value		0	0
Derivative liabilities		6,000,000	2,000,000
Fortitude Re funds withheld payable		0
Fortitude Re funds withheld payable			0
Other liabilities		0	0
Long-term debt		0	0
Total		6,000,000	2,000,000
Recurring Basis | Level 1 | Interest rate contracts
Assets:
Derivative assets		0	1,000,000
Liabilities:
Derivative liabilities		0	0
Recurring Basis | Level 1 | Foreign exchange contracts
Assets:
Derivative assets		0	0
Liabilities:
Derivative liabilities		0	0
Recurring Basis | Level 1 | Equity contracts
Assets:
Derivative assets		4,000,000	11,000,000
Liabilities:
Derivative liabilities		6,000,000	2,000,000
Recurring Basis | Level 1 | Commodity contracts
Assets:
Derivative assets			0
Recurring Basis | Level 1 | Credit contracts
Assets:
Derivative assets		0	0
Liabilities:
Derivative liabilities		0	0
Recurring Basis | Level 1 | Other contracts
Assets:
Derivative assets		0	0
Recurring Basis | Level 1 | U.S. government and government sponsored entities
Assets:
Bonds available for sale		338,000,000	25,000,000
Recurring Basis | Level 1 | Obligations of states, municipalities and political subdivisions
Assets:
Bonds available for sale		0	0
Other bond securities, at fair value (See Note 5)		0	0
Recurring Basis | Level 1 | Non-U.S. governments
Assets:
Bonds available for sale		250,000,000	158,000,000
Other bond securities, at fair value (See Note 5)		0	0
Recurring Basis | Level 1 | Corporate debt
Assets:
Bonds available for sale		0	0
Other bond securities, at fair value (See Note 5)		0	0
Recurring Basis | Level 1 | RMBS
Assets:
Bonds available for sale		0	0
Other bond securities, at fair value (See Note 5)		0	0
Recurring Basis | Level 1 | CMBS
Assets:
Bonds available for sale		0	0
Other bond securities, at fair value (See Note 5)		0	0
Recurring Basis | Level 1 | CLO/ABS
Assets:
Bonds available for sale		0	0
Other bond securities, at fair value (See Note 5)		0	0
Recurring Basis | Level 2
Assets:
Bonds available for sale		188,791,000,000	201,074,000,000
Other bond securities, at fair value (See Note 5)		3,387,000,000	2,958,000,000
Equity securities		15,000,000	18,000,000
Other invested assets		148,000,000	145,000,000
Derivative assets		5,537,000,000	5,395,000,000
Short-term investments		4,075,000,000	2,887,000,000
Market risk benefit assets, at fair value		0	0
Other assets		0	0
Separate account assets		3,157,000,000	3,198,000,000
Total(d)		205,110,000,000	215,675,000,000
Liabilities:
Policyholder contract deposits		49,000,000	41,000,000
Market risk benefit liabilities, at fair value		0	0
Derivative liabilities		6,670,000,000	5,995,000,000
Fortitude Re funds withheld payable		0
Fortitude Re funds withheld payable			0
Other liabilities		0	0
Long-term debt		102,000,000	56,000,000
Total		6,821,000,000	6,092,000,000
Recurring Basis | Level 2 | Interest rate contracts
Assets:
Derivative assets		2,715,000,000	3,410,000,000
Liabilities:
Derivative liabilities		5,174,000,000	4,838,000,000
Recurring Basis | Level 2 | Foreign exchange contracts
Assets:
Derivative assets		1,779,000,000	1,844,000,000
Liabilities:
Derivative liabilities		648,000,000	1,138,000,000
Recurring Basis | Level 2 | Equity contracts
Assets:
Derivative assets		1,043,000,000	132,000,000
Liabilities:
Derivative liabilities		843,000,000	10,000,000
Recurring Basis | Level 2 | Commodity contracts
Assets:
Derivative assets			9,000,000
Recurring Basis | Level 2 | Credit contracts
Assets:
Derivative assets		0	0
Liabilities:
Derivative liabilities		5,000,000	9,000,000
Recurring Basis | Level 2 | Other contracts
Assets:
Derivative assets		0	0
Recurring Basis | Level 2 | U.S. government and government sponsored entities
Assets:
Bonds available for sale		5,616,000,000	6,594,000,000
Recurring Basis | Level 2 | Obligations of states, municipalities and political subdivisions
Assets:
Bonds available for sale		9,681,000,000	11,275,000,000
Other bond securities, at fair value (See Note 5)		90,000,000	111,000,000
Recurring Basis | Level 2 | Non-U.S. governments
Assets:
Bonds available for sale		11,471,000,000	13,326,000,000
Other bond securities, at fair value (See Note 5)		33,000,000	66,000,000
Recurring Basis | Level 2 | Corporate debt
Assets:
Bonds available for sale		124,553,000,000	134,992,000,000
Other bond securities, at fair value (See Note 5)		2,403,000,000	1,976,000,000
Recurring Basis | Level 2 | RMBS
Assets:
Bonds available for sale		11,185,000,000	11,264,000,000
Other bond securities, at fair value (See Note 5)		109,000,000	113,000,000
Recurring Basis | Level 2 | CMBS
Assets:
Bonds available for sale		12,943,000,000	13,267,000,000
Other bond securities, at fair value (See Note 5)		255,000,000	303,000,000
Recurring Basis | Level 2 | CLO/ABS
Assets:
Bonds available for sale		13,342,000,000	10,356,000,000
Other bond securities, at fair value (See Note 5)		497,000,000	389,000,000
Recurring Basis | Level 3
Assets:
Bonds available for sale		25,561,000,000	24,899,000,000
Other bond securities, at fair value (See Note 5)		1,453,000,000	1,527,000,000
Equity securities		59,000,000	39,000,000
Other invested assets		2,228,000,000	2,075,000,000
Derivative assets		958,000,000	642,000,000
Short-term investments		0	0
Market risk benefit assets, at fair value		978,000,000	796,000,000	743,000,000
Other assets		112,000,000	107,000,000
Separate account assets		0	0
Total(d)		31,349,000,000	30,085,000,000
Liabilities:
Policyholder contract deposits		6,327,000,000	5,367,000,000
Market risk benefit liabilities, at fair value		4,519,000,000	4,736,000,000	$ 4,600,000,000
Derivative liabilities		40,000,000	46,000,000
Fortitude Re funds withheld payable		(3,413,000,000)
Fortitude Re funds withheld payable			(2,235,000,000)
Other liabilities		92,000,000	112,000,000
Long-term debt		0	0
Total		7,565,000,000	8,026,000,000
Recurring Basis | Level 3 | Interest rate contracts
Assets:
Derivative assets		533,000,000	311,000,000
Liabilities:
Derivative liabilities		0	0
Recurring Basis | Level 3 | Foreign exchange contracts
Assets:
Derivative assets		1,000,000	0
Liabilities:
Derivative liabilities		3,000,000	0
Recurring Basis | Level 3 | Equity contracts
Assets:
Derivative assets		375,000,000	285,000,000
Liabilities:
Derivative liabilities		4,000,000	14,000,000
Recurring Basis | Level 3 | Commodity contracts
Assets:
Derivative assets			0
Recurring Basis | Level 3 | Credit contracts
Assets:
Derivative assets		33,000,000	32,000,000
Liabilities:
Derivative liabilities		33,000,000	32,000,000
Recurring Basis | Level 3 | Other contracts
Assets:
Derivative assets		16,000,000	14,000,000
Recurring Basis | Level 3 | U.S. government and government sponsored entities
Assets:
Bonds available for sale		0	0
Recurring Basis | Level 3 | Obligations of states, municipalities and political subdivisions
Assets:
Bonds available for sale		765,000,000	824,000,000
Other bond securities, at fair value (See Note 5)		1,000,000	0
Recurring Basis | Level 3 | Non-U.S. governments
Assets:
Bonds available for sale		3,000,000	1,000,000
Other bond securities, at fair value (See Note 5)		0	0
Recurring Basis | Level 3 | Corporate debt
Assets:
Bonds available for sale		1,538,000,000	2,847,000,000
Other bond securities, at fair value (See Note 5)		221,000,000	416,000,000
Recurring Basis | Level 3 | RMBS
Assets:
Bonds available for sale		7,546,000,000	7,553,000,000
Other bond securities, at fair value (See Note 5)		158,000,000	173,000,000
Recurring Basis | Level 3 | CMBS
Assets:
Bonds available for sale		567,000,000	926,000,000
Other bond securities, at fair value (See Note 5)		23,000,000	28,000,000
Recurring Basis | Level 3 | CLO/ABS
Assets:
Bonds available for sale		15,142,000,000	12,748,000,000
Other bond securities, at fair value (See Note 5)		$ 1,050,000,000	$ 910,000,000
[1]See Note 10 for details of balances associated with variable interest entities.

Fair Value Measurements - Chang

Fair Value Measurements - Changes in level 3 recurring fair value measurements, assets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Jan. 01, 2021	Dec. 31, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	$ 28,695	$ 29,622	$ 28,647	$ 31,627
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	126	64	251	265
Other Comprehensive Income (Loss)	(392)	(936)	(19)	(3,601)
Purchases, Sales, Issuances and Settlements, Net	347	(42)	1,124	1,201
Gross Transfers In	841	2,217	1,359	4,414
Gross Transfers Out	(311)	(571)	(2,143)	(3,552)
Other	107	0	194	0
Fair Value End of Period	29,413	30,354	29,413	30,354
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(13)	(90)	(123)	(140)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	$ (440)	$ (868)	$ (308)	$ (2,835)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Revenues	Revenues	Revenues	Revenues
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Other comprehensive loss	Other comprehensive loss	Other comprehensive loss	Other comprehensive loss
Gross Transfers Out			$ 0
Market risk benefit assets, at fair value	$ 978		$ 978		$ 796	$ 338	$ 338
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Liability, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Other comprehensive loss	Other comprehensive loss	Other comprehensive loss	Other comprehensive loss
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Revenues		Revenues
Recurring Basis
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Market risk benefit assets, at fair value	$ 978		$ 978		796
Level 3 | Recurring Basis
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Market risk benefit assets, at fair value	$ 978	$ 743	$ 978	$ 743	$ 796
Net realized gains/(losses)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total net realized gains (losses)	Total net realized gains (losses)	Total net realized gains (losses)	Total net realized gains (losses)
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total net realized gains (losses)	Total net realized gains (losses)	Total net realized gains (losses)	Total net realized gains (losses)
Bonds available for sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	$ 24,980	$ 24,368	$ 24,899	$ 26,862
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	141	43	300	273
Other Comprehensive Income (Loss)	(380)	(911)	(14)	(3,549)
Purchases, Sales, Issuances and Settlements, Net	239	61	845	853
Gross Transfers In	796	2,162	1,300	4,027
Gross Transfers Out	(296)	(513)	(1,884)	(3,256)
Other	81	0	115	0
Fair Value End of Period	25,561	25,210	25,561	25,210
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	(440)	(868)	(308)	(2,835)
Bonds available for sale | Obligations of states, municipalities and political subdivisions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	869	957	824	1,431
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	(3)	(1)	(2)	1
Other Comprehensive Income (Loss)	(78)	(106)	(26)	(534)
Purchases, Sales, Issuances and Settlements, Net	(23)	(29)	(31)	(94)
Gross Transfers In	0	0	0	17
Gross Transfers Out	0	(7)	0	(7)
Other	0	0	0	0
Fair Value End of Period	765	814	765	814
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	(82)	(167)	(54)	(319)
Bonds available for sale | Non-U.S. governments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	6	9	1	7
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	0	0	1	0
Other Comprehensive Income (Loss)	0	0	1	0
Purchases, Sales, Issuances and Settlements, Net	(3)	(1)	(5)	(1)
Gross Transfers In	0	1	7	3
Gross Transfers Out	0	0	(2)	0
Other	0	0	0	0
Fair Value End of Period	3	9	3	9
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	1	0
Bonds available for sale | Corporate debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	1,721	2,483	2,847	2,641
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	(5)	(31)	(101)	(57)
Other Comprehensive Income (Loss)	(78)	(53)	(19)	(204)
Purchases, Sales, Issuances and Settlements, Net	(76)	(100)	(450)	(137)
Gross Transfers In	176	1,781	496	2,163
Gross Transfers Out	(200)	(163)	(1,219)	(489)
Other	0	0	(16)	0
Fair Value End of Period	1,538	3,917	1,538	3,917
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	(83)	(55)	(61)	(183)
Bonds available for sale | RMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	7,617	8,352	7,553	10,378
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	101	101	315	323
Other Comprehensive Income (Loss)	(82)	(267)	37	(1,210)
Purchases, Sales, Issuances and Settlements, Net	(74)	(299)	(275)	(1,173)
Gross Transfers In	2	2	33	2
Gross Transfers Out	(25)	(8)	(89)	(439)
Other	7	0	(28)	0
Fair Value End of Period	7,546	7,881	7,546	7,881
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	(122)	(39)	(33)	(704)
Bonds available for sale | CMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	553	871	926	1,190
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	(3)	(1)	(25)	12
Other Comprehensive Income (Loss)	(27)	(31)	(69)	(144)
Purchases, Sales, Issuances and Settlements, Net	4	(33)	(35)	84
Gross Transfers In	65	12	98	12
Gross Transfers Out	(25)	(12)	(328)	(348)
Other	0	0	0	0
Fair Value End of Period	567	806	567	806
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	(32)	(50)	(114)	(143)
Bonds available for sale | CLO/ABS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	14,214	11,696	12,748	11,215
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	51	(25)	112	(6)
Other Comprehensive Income (Loss)	(115)	(454)	62	(1,457)
Purchases, Sales, Issuances and Settlements, Net	411	523	1,641	2,174
Gross Transfers In	553	366	666	1,830
Gross Transfers Out	(46)	(323)	(246)	(1,973)
Other	74	0	159	0
Fair Value End of Period	15,142	11,783	15,142	11,783
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	(121)	(557)	(47)	(1,486)
Other bond securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	1,392	3,127	1,527	2,697
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	(3)	(40)	32	(314)
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	40	(66)	49	424
Gross Transfers In	1	40	5	325
Gross Transfers Out	(3)	(16)	(239)	(87)
Other	26	0	79	0
Fair Value End of Period	1,453	3,045	1,453	3,045
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(14)	(110)	(41)	(456)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other bond securities | Obligations of states, municipalities and political subdivisions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	3		0
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	0		0
Other Comprehensive Income (Loss)	0		0
Purchases, Sales, Issuances and Settlements, Net	(2)		1
Gross Transfers In	0		0
Gross Transfers Out	0		0
Other	0		0
Fair Value End of Period	1		1
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0		0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0		0
Other bond securities | Corporate debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	155	461	416	134
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	1	(5)	3	(9)
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	65	66	(7)	190
Gross Transfers In	0	28	0	250
Gross Transfers Out	0	(1)	(191)	(16)
Other	0	0	0	0
Fair Value End of Period	221	549	221	549
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	3	(7)	2	(8)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other bond securities | RMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	164	192	173	196
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	(2)	(7)	5	(25)
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(4)	26	(20)	40
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	158	211	158	211
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(3)	(8)	(8)	(28)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other bond securities | CMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	26	32	28	35
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	(3)	(3)	(5)	(6)
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	0	0	0	0
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	23	29	23	29
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(3)	(3)	(4)	(6)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other bond securities | CLO/ABS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	1,044	2,442	910	2,332
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	1	(25)	29	(274)
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(19)	(158)	75	194
Gross Transfers In	1	12	5	75
Gross Transfers Out	(3)	(15)	(48)	(71)
Other	26	0	79	0
Fair Value End of Period	1,050	2,256	1,050	2,256
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(11)	(92)	(31)	(414)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	72	12	39	6
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	1	(1)	3	(1)
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(2)	8	27	14
Gross Transfers In	0	15	10	15
Gross Transfers Out	(12)	0	(20)	0
Other	0	0	0	0
Fair Value End of Period	59	34	59	34
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	1	0	2	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other invested assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	2,140	2,008	2,075	1,948
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	(13)	62	(84)	307
Other Comprehensive Income (Loss)	(12)	(25)	(5)	(52)
Purchases, Sales, Issuances and Settlements, Net	69	(45)	198	(83)
Gross Transfers In	44	0	44	47
Gross Transfers Out	0	(42)	0	(209)
Other	0	0	0	0
Fair Value End of Period	2,228	1,958	2,228	1,958
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	20	(84)	316
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	111	107	107	114
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	0	0	0	0
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	1	0	5	(7)
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	112	107	112	107
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Cha_2

Fair Value Measurements - Changes in level 3 recurring fair value measurements, liabilities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Liabilities:
Fair Value Beginning of Period	$ 2,088	$ 1,889	$ 2,088	$ 1,889	$ 3,796	$ 2,648	$ 3,815	$ 11,066
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	(1,639)	(1,921)	145	(8,846)
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(69)	(11)	(705)	(255)
Gross Transfers In	0	0		(81)
Other	0	0	0	0
Fair Value End of Period	2,088	1,889	2,088	1,889
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	2,162	2,036	1,148	9,634
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Derivative liabilities, net:
Gross Transfers Out			$ 0
Gross Transfers Out	$ 0	$ 6		$ 5
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Revenues		Revenues
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Liability, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Other comprehensive loss	Other comprehensive loss	Other comprehensive loss	Other comprehensive loss
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Revenues	Revenues	Revenues	Revenues
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Other comprehensive loss	Other comprehensive loss	Other comprehensive loss	Other comprehensive loss
Market risk benefit liabilities, at fair value	$ 4,519		$ 4,519			4,736			$ 8,739	$ 8,739
Recurring Basis
Derivative liabilities, net:
Market risk benefit liabilities, at fair value	4,519		4,519			4,736
Level 3 | Recurring Basis
Derivative liabilities, net:
Market risk benefit liabilities, at fair value	$ 4,519	$ 4,600	$ 4,519	$ 4,600		4,736
Net realized gains/(losses)
Derivative liabilities, net:
Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total net realized gains (losses)	Total net realized gains (losses)	Total net realized gains (losses)	Total net realized gains (losses)
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total net realized gains (losses)	Total net realized gains (losses)	Total net realized gains (losses)	Total net realized gains (losses)
Policyholder contract deposits
Liabilities:
Fair Value Beginning of Period	$ 6,327	$ 4,743	$ 6,327	$ 4,743	6,813	5,367	4,728	5,572
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	(716)	(274)	94	(1,477)
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	230	289	866	648
Gross Transfers In	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	6,327	4,743	6,327	4,743
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	972	287	296	1,724
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Derivative liabilities, net:
Gross Transfers Out	0	0	0	0
Derivative liabilities, net
Liabilities:
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	220	110	223	482
Purchases, Sales, Issuances and Settlements, Net	(141)	(190)	(545)	(327)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	51	(42)	181	(197)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Derivative liabilities, net:
Fair Value Beginning of Period	(997)	(275)	(596)	(428)
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	220	110	223	482
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(141)	(190)	(545)	(327)
Gross Transfers In	0	0	0	(81)
Gross Transfers Out	0	6	0	5
Other	0	0	0	0
Fair Value End of Period	(918)	(349)	(918)	(349)
Interest rate contracts
Liabilities:
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	181	30	146	27
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Derivative liabilities, net:
Fair Value Beginning of Period	(339)	(143)	(311)	0
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	(174)	37	(90)	48
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(20)	(110)	(132)	(183)
Gross Transfers In	0	0	0	(81)
Gross Transfers Out	0	6	0	6
Other	0	0	0	0
Fair Value End of Period	(533)	(210)	(533)	(210)
Foreign exchange contracts
Liabilities:
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	(4)	(1)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Derivative liabilities, net:
Fair Value Beginning of Period	2	1	0	(1)
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	(1)	0	1	1
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	1	0	1	1
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	2	1	2	1
Equity contracts
Liabilities:
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(147)	(89)	(11)	(272)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Derivative liabilities, net:
Fair Value Beginning of Period	(645)	(149)	(271)	(444)
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	411	88	362	478
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(137)	(94)	(462)	(188)
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	(1)
Other	0	0	0	0
Fair Value End of Period	(371)	(155)	(371)	(155)
Credit contracts
Liabilities:
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	1	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Derivative liabilities, net:
Fair Value Beginning of Period	0	32	0	30
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	1	1	0	3
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(1)	(2)	0	(2)
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	0	31	0	31
Other contracts
Liabilities:
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	17	17	49	49
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Derivative liabilities, net:
Fair Value Beginning of Period	(15)	(16)	(14)	(13)
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	(17)	(16)	(50)	(48)
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	16	16	48	45
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	(16)	(16)	(16)	(16)
Fortitude Re funds withheld payable
Liabilities:
Fair Value Beginning of Period	(3,413)	(2,505)	(3,413)	(2,505)	(2,118)	(2,235)	$ (638)	$ 5,922
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	(1,137)	(1,757)	(152)	(7,851)
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(158)	(110)	(1,026)	(576)
Gross Transfers In	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	(3,413)	(2,505)	(3,413)	(2,505)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	1,139	1,791	671	8,107
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Derivative liabilities, net:
Gross Transfers Out	0	$ 0	0	$ 0
Other Liabilities
Liabilities:
Fair Value Beginning of Period	92		92		$ 98	$ 112
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	(6)		(20)
Other Comprehensive Income (Loss)	0		0
Purchases, Sales, Issuances and Settlements, Net	0		0
Gross Transfers In	0		0
Other	0		0
Fair Value End of Period	92		92
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0		0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0		0
Derivative liabilities, net:
Gross Transfers Out	$ 0		$ 0

Fair Value Measurements - Net r

Fair Value Measurements - Net realized and unrealized gains and losses included in income related to Level 3 assets and liabilities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	$ 126	$ 64	$ 251	$ 265
Net realized gains (losses), liabilities	$ (1,639)	$ (1,921)	$ 145	$ (8,846)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Revenues	Revenues	Revenues	Revenues
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Revenues		Revenues
Policyholder contract deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	$ (716)	$ (274)	$ 94	$ (1,477)
Market Risk Benefit Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(880)	(722)	(1,680)	(1,687)
Derivative liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	220	110	223	482
Fortitude Re funds withheld payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(1,137)	(1,757)	(152)	(7,851)
Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(6)		(20)
Bonds available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	141	43	300	273
Other bond securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	(3)	(40)	32	(314)
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	1	(1)	3	(1)
Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	$ (13)	$ 62	$ (84)	$ 307
Net investment income - excluding Fortitude Re funds withheld assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net Investment Income	Net Investment Income	Net Investment Income	Net Investment Income
Net investment income - excluding Fortitude Re funds withheld assets | Policyholder contract deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities			$ 0	$ 0
Net investment income - excluding Fortitude Re funds withheld assets | Market Risk Benefit Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	$ 0	$ 0	0	0
Net investment income - excluding Fortitude Re funds withheld assets | Derivative liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities			0	0
Net investment income - excluding Fortitude Re funds withheld assets | Fortitude Re funds withheld payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities			0	0
Net investment income - excluding Fortitude Re funds withheld assets | Bonds available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	202	106	385	412
Net investment income - excluding Fortitude Re funds withheld assets | Other bond securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	(3)	(40)	32	(314)
Net investment income - excluding Fortitude Re funds withheld assets | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	1	(1)	3	(1)
Net investment income - excluding Fortitude Re funds withheld assets | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	(11)	62	(82)	307
Net realized gains/(losses) | Policyholder contract deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(716)	(274)	94	(1,477)
Net realized gains/(losses) | Market Risk Benefit Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(1)	(2)	(4)	(10)
Net realized gains/(losses) | Derivative liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	415	170	392	617
Net realized gains/(losses) | Fortitude Re funds withheld payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(1,137)	(1,757)	(152)	(7,851)
Net realized gains/(losses) | Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(6)		(20)
Net realized gains/(losses) | Bonds available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	(61)	$ (63)	(85)	(139)
Net realized gains/(losses) | Other bond securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets			0	0
Net realized gains/(losses) | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	$ (2)		$ (2)	$ 0
Change in the fair value of market risk benefits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Change in the fair value of market risk benefits, net	Change in the fair value of market risk benefits, net	Change in the fair value of market risk benefits, net	Change in the fair value of market risk benefits, net
Change in the fair value of market risk benefits | Policyholder contract deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	$ 0	$ 0	$ 0	$ 0
Change in the fair value of market risk benefits | Market Risk Benefit Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(879)	(720)	(1,676)	(1,677)
Change in the fair value of market risk benefits | Derivative liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(180)	(43)	(122)	(90)
Change in the fair value of market risk benefits | Fortitude Re funds withheld payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0	0	0	0
Change in the fair value of market risk benefits | Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0		0
Change in the fair value of market risk benefits | Bonds available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	0
Change in the fair value of market risk benefits | Other bond securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	0
Change in the fair value of market risk benefits | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	0
Change in the fair value of market risk benefits | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	0
Other Income | Policyholder contract deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0		0	0
Other Income | Market Risk Benefit Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0	0	0	0
Other Income | Derivative liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(15)	(17)	(47)	(45)
Other Income | Fortitude Re funds withheld payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0		0	0
Other Income | Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0		0
Other Income | Bonds available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	0
Other Income | Other bond securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	0
Other Income | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0	0	0
Other Income | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Gross

Fair Value Measurements - Gross components of purchases, sales, issuances and settlements (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Assets:
Purchases	$ 1,193,000,000	$ 859,000,000	$ 3,425,000,000	$ 4,638,000,000
Sales	(238,000,000)	(194,000,000)	(486,000,000)	(258,000,000)
Issuances and Settlements	(608,000,000)	(707,000,000)	(1,815,000,000)	(3,179,000,000)
Purchases, Sales, Issuances and Settlements, Net	347,000,000	(42,000,000)	1,124,000,000	1,201,000,000
Liabilities:
Purchases	(302,000,000)	(243,000,000)	(752,000,000)	(492,000,000)
Sales	357,000,000	242,000,000	1,094,000,000	662,000,000
Issuances and Settlements	(124,000,000)	(10,000,000)	(1,047,000,000)	(425,000,000)
Purchases, Sales, Issuances and Settlements, Net	(69,000,000)	(11,000,000)	(705,000,000)	(255,000,000)
Issuances, assets			0	0
Issuances, liabilities			0	0
Transfers into Level 3 at end of reporting period, net gains (losses) not included in realized and unrealized gains and losses related to Level 3 for the period	1,000,000	(25,000,000)	9,000,000	(98,000,000)
Transfers out Level 3 at end of reporting period, net gains (losses) included in realized and unrealized gains and losses related to Level 3 for the period.	(21,000,000)	(36,000,000)	(35,000,000)	(122,000,000)
Policyholder contract deposits
Liabilities:
Purchases	0	0	0	0
Sales	348,000,000	239,000,000	1,076,000,000	656,000,000
Issuances and Settlements	(118,000,000)	50,000,000	(210,000,000)	(8,000,000)
Purchases, Sales, Issuances and Settlements, Net	230,000,000	289,000,000	866,000,000	648,000,000
Derivative liabilities, net
Liabilities:
Purchases	(302,000,000)	(243,000,000)	(752,000,000)	(492,000,000)
Sales	9,000,000	3,000,000	18,000,000	6,000,000
Issuances and Settlements	152,000,000	50,000,000	189,000,000	159,000,000
Purchases, Sales, Issuances and Settlements, Net	(141,000,000)	(190,000,000)	(545,000,000)	(327,000,000)
Fortitude Re funds withheld payable
Liabilities:
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances and Settlements	(158,000,000)	(110,000,000)	(1,026,000,000)	(576,000,000)
Purchases, Sales, Issuances and Settlements, Net	(158,000,000)	(110,000,000)	(1,026,000,000)	(576,000,000)
Other Liabilities
Liabilities:
Purchases, Sales, Issuances and Settlements, Net	0		0
Bonds available for sale
Assets:
Purchases	995,000,000	700,000,000	2,821,000,000	3,286,000,000
Sales	(224,000,000)	(71,000,000)	(472,000,000)	(135,000,000)
Issuances and Settlements	(532,000,000)	(568,000,000)	(1,504,000,000)	(2,298,000,000)
Purchases, Sales, Issuances and Settlements, Net	239,000,000	61,000,000	845,000,000	853,000,000
Bonds available for sale | Obligations of states, municipalities and political subdivisions
Assets:
Purchases	0	5,000,000	1,000,000	6,000,000
Sales	(23,000,000)	0	(27,000,000)	(64,000,000)
Issuances and Settlements	0	(34,000,000)	(5,000,000)	(36,000,000)
Purchases, Sales, Issuances and Settlements, Net	(23,000,000)	(29,000,000)	(31,000,000)	(94,000,000)
Bonds available for sale | Corporate debt
Assets:
Purchases	197,000,000	31,000,000	219,000,000	54,000,000
Sales	(30,000,000)	(49,000,000)	(30,000,000)	(49,000,000)
Issuances and Settlements	(243,000,000)	(82,000,000)	(639,000,000)	(142,000,000)
Purchases, Sales, Issuances and Settlements, Net	(76,000,000)	(100,000,000)	(450,000,000)	(137,000,000)
Bonds available for sale | RMBS
Assets:
Purchases	194,000,000	56,000,000	595,000,000	341,000,000
Sales	(6,000,000)	0	(67,000,000)	0
Issuances and Settlements	(262,000,000)	(355,000,000)	(803,000,000)	(1,514,000,000)
Purchases, Sales, Issuances and Settlements, Net	(74,000,000)	(299,000,000)	(275,000,000)	(1,173,000,000)
Bonds available for sale | CMBS
Assets:
Purchases	0	27,000,000	10,000,000	173,000,000
Sales	(7,000,000)	0	(39,000,000)	0
Issuances and Settlements	11,000,000	(60,000,000)	(6,000,000)	(89,000,000)
Purchases, Sales, Issuances and Settlements, Net	4,000,000	(33,000,000)	(35,000,000)	84,000,000
Bonds available for sale | CLO/ABS
Assets:
Purchases	604,000,000	581,000,000	1,996,000,000	2,712,000,000
Sales	(158,000,000)	(22,000,000)	(309,000,000)	(22,000,000)
Issuances and Settlements	(35,000,000)	(36,000,000)	(46,000,000)	(516,000,000)
Purchases, Sales, Issuances and Settlements, Net	411,000,000	523,000,000	1,641,000,000	2,174,000,000
Bonds available for sale | Non-U.S. governments
Assets:
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances and Settlements	(3,000,000)	(1,000,000)	(5,000,000)	(1,000,000)
Purchases, Sales, Issuances and Settlements, Net	(3,000,000)	(1,000,000)	(5,000,000)	(1,000,000)
Other bond securities
Assets:
Purchases	124,000,000	98,000,000	347,000,000	769,000,000
Sales	(12,000,000)	(123,000,000)	(12,000,000)	(123,000,000)
Issuances and Settlements	(72,000,000)	(41,000,000)	(286,000,000)	(222,000,000)
Purchases, Sales, Issuances and Settlements, Net	40,000,000	(66,000,000)	49,000,000	424,000,000
Other bond securities | Obligations of states, municipalities and political subdivisions
Assets:
Purchases	0		3,000,000
Sales	(2,000,000)		(2,000,000)
Issuances and Settlements	0		0
Purchases, Sales, Issuances and Settlements, Net	(2,000,000)		1,000,000
Other bond securities | Corporate debt
Assets:
Purchases	89,000,000	2,000,000	176,000,000	26,000,000
Sales	0	0	0	0
Issuances and Settlements	(24,000,000)	64,000,000	(183,000,000)	164,000,000
Purchases, Sales, Issuances and Settlements, Net	65,000,000	66,000,000	(7,000,000)	190,000,000
Other bond securities | RMBS
Assets:
Purchases	0	31,000,000	6,000,000	62,000,000
Sales	0	0	0	0
Issuances and Settlements	(4,000,000)	(5,000,000)	(26,000,000)	(22,000,000)
Purchases, Sales, Issuances and Settlements, Net	(4,000,000)	26,000,000	(20,000,000)	40,000,000
Other bond securities | CMBS
Assets:
Purchases, Sales, Issuances and Settlements, Net	0	0	0	0
Other bond securities | CLO/ABS
Assets:
Purchases	35,000,000	65,000,000	162,000,000	681,000,000
Sales	(10,000,000)	(123,000,000)	(10,000,000)	(123,000,000)
Issuances and Settlements	(44,000,000)	(100,000,000)	(77,000,000)	(364,000,000)
Purchases, Sales, Issuances and Settlements, Net	(19,000,000)	(158,000,000)	75,000,000	194,000,000
Equity securities
Assets:
Purchases	0	8,000,000	31,000,000	13,000,000
Sales	(2,000,000)	0	(2,000,000)	0
Issuances and Settlements	0	0	(2,000,000)	1,000,000
Purchases, Sales, Issuances and Settlements, Net	(2,000,000)	8,000,000	27,000,000	14,000,000
Other invested assets
Assets:
Purchases	74,000,000	53,000,000	226,000,000	570,000,000
Sales	0	0	0	0
Issuances and Settlements	(5,000,000)	(98,000,000)	(28,000,000)	(653,000,000)
Purchases, Sales, Issuances and Settlements, Net	69,000,000	(45,000,000)	198,000,000	(83,000,000)
Other assets
Assets:
Purchases	0		0	0
Sales	0		0	0
Issuances and Settlements	1,000,000		5,000,000	(7,000,000)
Purchases, Sales, Issuances and Settlements, Net	$ 1,000,000	$ 0	$ 5,000,000	$ (7,000,000)

Fair Value Measurements - Quant

Fair Value Measurements - Quantitative Information about Level 3 Fair Value Measurements (Details) $ in Millions		Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Jan. 01, 2021 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale	[1]	$ 214,940	$ 226,156
Embedded derivatives within Policyholder contract deposits		6,400	5,400
Policyholder contract deposits		159,737	155,984	$ 154,852	$ 148,223
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivatives within Policyholder contract deposits		1,200	1,100
Policyholder contract deposits		1,200	1,100
Obligations of states, municipalities and political subdivisions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 10,446	$ 12,099
Obligations of states, municipalities and political subdivisions | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0564	0.0528
Obligations of states, municipalities and political subdivisions | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0605	0.0594
Obligations of states, municipalities and political subdivisions | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0585	0.0561
Obligations of states, municipalities and political subdivisions | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 743	$ 799
Corporate debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 126,091	$ 137,839
Corporate debt | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0536	0.0498
Corporate debt | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0914	0.0936
Corporate debt | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0725	0.0717
Corporate debt | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 1,459	$ 2,527
RMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 18,731	$ 18,817
RMBS | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0538	0.0598
RMBS | Minimum | Constant prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0395	0.0489
RMBS | Minimum | Loss severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.4422	0.4506
RMBS | Minimum | Constant default rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0076	0.0082
RMBS | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0734	0.0775
RMBS | Maximum | Constant prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0901	0.1049
RMBS | Maximum | Loss severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.7729	0.7687
RMBS | Maximum | Constant default rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0246	0.0272
RMBS | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0636	0.0687
RMBS | Weighted-average | Constant prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0648	0.0769
RMBS | Weighted-average | Loss severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.6075	0.6097
RMBS | Weighted-average | Constant default rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0161	0.0177
RMBS | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 4,855	$ 5,235
CLO/ABS | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0631	0.0600
CLO/ABS | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0857	0.0797
CLO/ABS | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0744	0.0699
CLO/ABS | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 12,955	$ 7,503
CMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 13,510	$ 14,193
CMBS | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0585	0.0406
CMBS | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.1789	0.1314
CMBS | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.1187	0.0860
CMBS | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 501	$ 587
Market risk benefit assets | Minimum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0665	0.0645
Market risk benefit assets | Minimum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0016	0.0016
Market risk benefit assets | Minimum | Dynamic lapse multiplier(e)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.2000	0.2000
Market risk benefit assets | Minimum | Mortality multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.3825	0.3825
Market risk benefit assets | Minimum | Utilization(h)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.8000	0.8000
Market risk benefit assets | Minimum | Equity / interest rate correlation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0	0
Market risk benefit assets | Minimum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0062	0
Market risk benefit assets | Maximum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.5235	0.5075
Market risk benefit assets | Maximum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.2880	0.2880
Market risk benefit assets | Maximum | Dynamic lapse multiplier(e)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		1.8618	1.8618
Market risk benefit assets | Maximum | Mortality multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		1.6001	1.6001
Market risk benefit assets | Maximum | Utilization(h)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		1	1
Market risk benefit assets | Maximum | Equity / interest rate correlation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.3000	0.3000
Market risk benefit assets | Maximum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0208	0.0203
Market risk benefit assets | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 978	$ 796
Variable annuities guaranteed benefits | Minimum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0665	0.0645
Variable annuities guaranteed benefits | Minimum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0016	0.0016
Variable annuities guaranteed benefits | Minimum | Dynamic lapse multiplier(e)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.2000	0.2000
Variable annuities guaranteed benefits | Minimum | Mortality multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.3825	0.3825
Variable annuities guaranteed benefits | Minimum | Utilization(h)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.8000	0.8000
Variable annuities guaranteed benefits | Minimum | Equity / interest rate correlation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0	0
Variable annuities guaranteed benefits | Minimum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0062	0
Variable annuities guaranteed benefits | Maximum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.5235	0.5075
Variable annuities guaranteed benefits | Maximum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.2880	0.2880
Variable annuities guaranteed benefits | Maximum | Dynamic lapse multiplier(e)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1.8618	1.8618
Variable annuities guaranteed benefits | Maximum | Mortality multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1.6001	1.6001
Variable annuities guaranteed benefits | Maximum | Utilization(h)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1	1
Variable annuities guaranteed benefits | Maximum | Equity / interest rate correlation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.3000	0.3000
Variable annuities guaranteed benefits | Maximum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0208	0.0203
Variable annuities guaranteed benefits | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivatives within Policyholder contract deposits		$ 1,835	$ 2,358
Fixed annuities guaranteed benefits | Minimum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0020	0.0020
Fixed annuities guaranteed benefits | Minimum | Dynamic lapse multiplier(e)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.2000	0.2000
Fixed annuities guaranteed benefits | Minimum | Mortality multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.4026	0.4026
Fixed annuities guaranteed benefits | Minimum | Utilization(h)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.9000	0.9000
Fixed annuities guaranteed benefits | Minimum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0062	0
Fixed annuities guaranteed benefits | Maximum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.1575	0.1575
Fixed annuities guaranteed benefits | Maximum | Dynamic lapse multiplier(e)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1.8618	1.8616
Fixed annuities guaranteed benefits | Maximum | Mortality multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1.6843	1.6843
Fixed annuities guaranteed benefits | Maximum | Utilization(h)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.9750	0.9750
Fixed annuities guaranteed benefits | Maximum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0208	0.0203
Fixed annuities guaranteed benefits | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivatives within Policyholder contract deposits		$ 824	$ 680
Fixed index annuities guaranteed benefits | Minimum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0665	0.0645
Fixed index annuities guaranteed benefits | Minimum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0020	0.0020
Fixed index annuities guaranteed benefits | Minimum | Dynamic lapse multiplier(e)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.2000	0.2000
Fixed index annuities guaranteed benefits | Minimum | Mortality multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.2400	0.2400
Fixed index annuities guaranteed benefits | Minimum | Utilization(h)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.6000	0.6000
Fixed index annuities guaranteed benefits | Minimum | Option budget
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0	0
Fixed index annuities guaranteed benefits | Minimum | Equity / interest rate correlation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0	0
Fixed index annuities guaranteed benefits | Minimum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0062	0
Fixed index annuities guaranteed benefits | Maximum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.5235	0.5075
Fixed index annuities guaranteed benefits | Maximum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.5000	0.5000
Fixed index annuities guaranteed benefits | Maximum | Dynamic lapse multiplier(e)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1.8618	1.8618
Fixed index annuities guaranteed benefits | Maximum | Mortality multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1.4600	1.8000
Fixed index annuities guaranteed benefits | Maximum | Utilization(h)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.9750	0.9750
Fixed index annuities guaranteed benefits | Maximum | Option budget
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0600	0.0500
Fixed index annuities guaranteed benefits | Maximum | Equity / interest rate correlation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.3000	0.3000
Fixed index annuities guaranteed benefits | Maximum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0208	0.0203
Fixed index annuities guaranteed benefits | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivatives within Policyholder contract deposits		$ 1,860	$ 1,698
Index Credits On Fixed Index Annuities | Minimum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0665	0.0645
Index Credits On Fixed Index Annuities | Minimum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0020	0.0020
Index Credits On Fixed Index Annuities | Minimum | Dynamic lapse multiplier(e)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.2000	0.2000
Index Credits On Fixed Index Annuities | Minimum | Mortality multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.2400	0.2400
Index Credits On Fixed Index Annuities | Minimum | Utilization(h)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.6000	0.6000
Index Credits On Fixed Index Annuities | Minimum | Option budget
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0	0
Index Credits On Fixed Index Annuities | Minimum | Equity / interest rate correlation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0	0
Index Credits On Fixed Index Annuities | Minimum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0062	0
Index Credits On Fixed Index Annuities | Maximum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.5235	0.5075
Index Credits On Fixed Index Annuities | Maximum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.5000	0.5000
Index Credits On Fixed Index Annuities | Maximum | Dynamic lapse multiplier(e)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1.8618	1.8618
Index Credits On Fixed Index Annuities | Maximum | Mortality multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1.4600	1.8000
Index Credits On Fixed Index Annuities | Maximum | Utilization(h)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.9750	0.9750
Index Credits On Fixed Index Annuities | Maximum | Option budget
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0600	0.0500
Index Credits On Fixed Index Annuities | Maximum | Equity / interest rate correlation
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.3000	0.3000
Index Credits On Fixed Index Annuities | Maximum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0208	0.0203
Index Credits On Fixed Index Annuities | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivatives within Policyholder contract deposits		$ 5,573	$ 4,657
Index life | Minimum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0575	0.0575
Index life | Minimum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0	0
Index life | Minimum | Mortality rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0	0
Index life | Minimum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0062	0
Index life | Maximum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.2125	0.2363
Index life | Maximum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.3797	0.3797
Index life | Maximum | Mortality rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1	1
Index life | Maximum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0208	0.0203
Index life | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivatives within Policyholder contract deposits		$ 754	$ 710
[1]See Note 10 for details of balances associated with variable interest entities.

Fair Value Measurements - Inves

Fair Value Measurements - Investments in certain other invested assets (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Private Equity Funds and Hedge Funds
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	$ 9,638	$ 9,822
Unfunded Commitments	3,711	4,064
Private equity funds
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	8,779	8,428
Unfunded Commitments	$ 3,711	4,064
Average original expected lives (in years)	10 years
Private equity funds | Minimum
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Extension period (in years)	1 year
Private equity funds | Maximum
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Extension period (in years)	2 years
Leveraged buyout
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	$ 3,609	3,146
Unfunded Commitments	2,290	2,448
Real assets
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	1,803	1,851
Unfunded Commitments	818	840
Venture capital
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	268	272
Unfunded Commitments	154	183
Growth equity
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	706	732
Unfunded Commitments	77	60
Mezzanine
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	294	598
Unfunded Commitments	103	142
Other
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	2,099	1,829
Unfunded Commitments	269	391
Hedge funds
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	859	1,394
Unfunded Commitments	0	0
Event-driven
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	19	92
Unfunded Commitments	0	0
Long-short
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	634	696
Unfunded Commitments	0	0
Macro
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	100	414
Unfunded Commitments	0	0
Other
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	106	192
Unfunded Commitments	$ 0	$ 0

Fair Value Measurements - Gains

Fair Value Measurements - Gains or losses recorded related to fair value option (Details) - Fair Value Option - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Fair Value, Option, Quantitative Disclosures
Fair value option gain (loss)	$ 44	$ (229)	$ 392	$ (501)
Other bond securities
Fair Value, Option, Quantitative Disclosures
Fair value option gain (loss)	(38)	(241)	97	(915)
Alternative investments
Fair Value, Option, Quantitative Disclosures
Fair value option gain (loss)	76	(57)	287	174
Long-term debt
Fair Value, Option, Quantitative Disclosures
Fair value option gain (loss)	$ 6	$ 69	$ 8	$ 240

Fair Value Measurements - Diffe

Fair Value Measurements - Difference between fair values fair value option (Details) - Fair Value Option - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Fair Value	$ 102	$ 56
Outstanding Principal Amount	99	45
Difference	$ 3	$ 11

Fair Value Measurements - Ass_2

Fair Value Measurements - Assets measured at fair value on a non-recurring basis and related impairment charges (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other invested assets	[1]	$ 16,054		$ 16,054		$ 15,953
Impairment Charges				35	$ 12
Fair value on a non-recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other invested assets		46		46		12
Other assets		0		0
Total(d)		46		46		12
Impairment Charges		41	$ 11	58	11
Fair value on a non-recurring basis | Other investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment Charges		9	11	9	11
Fair value on a non-recurring basis | Asset Class to Loans Held For Sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total(d)						163
Fair value on a non-recurring basis | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment Charges		32	$ 0	49	$ 0
Fair value on a non-recurring basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other invested assets		0		0		0
Other assets		0		0
Total(d)		0		0		0
Fair value on a non-recurring basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other invested assets		0		0		0
Other assets		0		0
Total(d)		0		0		0
Fair value on a non-recurring basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other invested assets		46		46		12
Other assets		0		0
Total(d)		$ 46		$ 46		$ 12
[1]See Note 10 for details of balances associated with variable interest entities.

Fair Value Measurements - Carry

Fair Value Measurements - Carrying values and estimated fair values of our financial instruments not measured at fair value (Details) - USD ($) $ in Millions		Sep. 30, 2023		Dec. 31, 2022		Sep. 30, 2022	Jan. 01, 2021
Assets:
Mortgage and other loans receivable	[1]	$ 50,922		$ 49,605
Other invested assets	[1]	16,054		15,953
Short-term investments	[1]	13,048		12,376
Cash		1,994	[1]	2,043	[1]	$ 2,294
Other assets		11,857	[1]	12,384	[1]		$ 13,520
Liabilities:
Fortitude Re funds withheld payable		27,691		30,383
Other liabilities(c)		24,202	[1]	26,757	[1]		$ 27,520
Assets held for sale		14,018		0
Liabilities held for sale		10,117		0
Assets held-for-sale
Liabilities:
Assets held for sale		14,018
Liabilities held for sale		10,117
Estimated Fair Value
Assets:
Mortgage and other loans receivable		46,565		45,844
Other invested assets		881		854
Short-term investments		6,589		6,668
Cash		1,994		2,043
Other assets		36		33
Liabilities:
Policyholder contract deposits associated with investment-type contracts		132,475		129,293
Fortitude Re funds withheld payable		31,104		32,618
Other liabilities(c)		733		3,101
Short-term and long-term debt		18,971		19,603
Debt of consolidated investment entities		2,687		5,533
Separate account liabilities - investment contracts		80,907		80,649
Carrying Value
Assets:
Mortgage and other loans receivable		50,922		49,442
Other invested assets		881		854
Short-term investments		6,589		6,668
Cash		1,994		2,043
Other assets		36		33
Liabilities:
Policyholder contract deposits associated with investment-type contracts		140,107		137,086
Fortitude Re funds withheld payable		31,104		32,618
Other liabilities(c)		733		3,101
Short-term and long-term debt		21,236		21,243
Debt of consolidated investment entities		2,717		5,880
Separate account liabilities - investment contracts		80,907		80,649
Carrying Value | Assets held-for-sale
Assets:
Short-term investments		104
Cash		193
Liabilities:
Other liabilities(c)		34
Level 1 | Estimated Fair Value
Assets:
Mortgage and other loans receivable		0		0
Other invested assets		0		0
Short-term investments		0		0
Cash		1,994		2,043
Other assets		35		24
Liabilities:
Policyholder contract deposits associated with investment-type contracts		0		0
Fortitude Re funds withheld payable		0		0
Other liabilities(c)		0		0
Short-term and long-term debt		0		0
Debt of consolidated investment entities		0		0
Separate account liabilities - investment contracts		0		0
Level 2 | Estimated Fair Value
Assets:
Mortgage and other loans receivable		272		89
Other invested assets		875		848
Short-term investments		6,589		6,668
Cash		0		0
Other assets		1		9
Liabilities:
Policyholder contract deposits associated with investment-type contracts		97		119
Fortitude Re funds withheld payable		0		0
Other liabilities(c)		733		3,101
Short-term and long-term debt		18,719		19,328
Debt of consolidated investment entities		36		3,055
Separate account liabilities - investment contracts		80,907		80,649
Level 3 | Estimated Fair Value
Assets:
Mortgage and other loans receivable		46,293		45,755
Other invested assets		6		6
Short-term investments		0		0
Cash		0		0
Other assets		0		0
Liabilities:
Policyholder contract deposits associated with investment-type contracts		132,378		129,174
Fortitude Re funds withheld payable		31,104		32,618
Other liabilities(c)		0		0
Short-term and long-term debt		252		275
Debt of consolidated investment entities		2,651		2,478
Separate account liabilities - investment contracts		$ 0		$ 0
[1]See Note 10 for details of balances associated with variable interest entities.

Investments - Amortized cost or

Investments - Amortized cost or cost and fair value of available for sale securities (Details) - USD ($) $ in Millions		9 Months Ended	12 Months Ended
		Sep. 30, 2023	Dec. 31, 2022	Jun. 30, 2023	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		$ 248,691	$ 255,993
Allowance for credit losses		(138)	(186)	$ (125)	$ (115)	$ (175)	$ (98)
Gross Unrealized Gains		1,881	2,222
Gross Unrealized Losses		(35,494)	(31,873)
Bonds available for sale	[1]	214,940	226,156
Non-Investment Grade
Debt Securities, Available-for-sale [Line Items]
Bonds available for sale		$ 17,400	$ 22,300
Non-Investment Grade | Credit Concentration Risk | Bonds available for sale
Debt Securities, Available-for-sale [Line Items]
Concentration risk, percentage		8%	10%
U.S. government and government sponsored entities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		$ 6,456	$ 7,094
Allowance for credit losses		0	0
Gross Unrealized Gains		4	21
Gross Unrealized Losses		(506)	(496)
Bonds available for sale		5,954	6,619
Obligations of states, municipalities and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		11,781	13,195
Allowance for credit losses		0	0
Gross Unrealized Gains		39	99
Gross Unrealized Losses		(1,374)	(1,195)
Bonds available for sale		10,446	12,099
Non-U.S. governments
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		13,559	15,133
Allowance for credit losses		(4)	(6)
Gross Unrealized Gains		68	91
Gross Unrealized Losses		(1,899)	(1,733)
Bonds available for sale		11,724	13,485
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		151,989	160,242
Allowance for credit losses		(87)	(132)
Gross Unrealized Gains		806	1,152
Gross Unrealized Losses		(26,617)	(23,423)
Bonds available for sale		126,091	137,839
Mortgage-backed, asset-backed and collateralized
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		64,906	60,329
Allowance for credit losses		(47)	(48)
Gross Unrealized Gains		964	859
Gross Unrealized Losses		(5,098)	(5,026)
Bonds available for sale		60,725	56,114
RMBS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		19,643	19,584
Allowance for credit losses		(33)	(37)
Gross Unrealized Gains		826	807
Gross Unrealized Losses		(1,705)	(1,537)
Bonds available for sale		18,731	18,817
CMBS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		15,143	15,610
Allowance for credit losses		(13)	(11)
Gross Unrealized Gains		18	14
Gross Unrealized Losses		(1,638)	(1,420)
Bonds available for sale		13,510	14,193
CLO/ABS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		30,120	25,135
Allowance for credit losses		(1)	0
Gross Unrealized Gains		120	38
Gross Unrealized Losses		(1,755)	(2,069)
Bonds available for sale		$ 28,484	$ 23,104
[1]See Note 10 for details of balances associated with variable interest entities.

Investments - Securities availa

Investments - Securities available for sale in a loss position (Details) $ in Millions	Sep. 30, 2023 USD ($) security	Dec. 31, 2022 USD ($) security
Fair Value
Fair Value, Less than 12 Months	$ 95,208	$ 173,000
Fair Value, 12 Months or More	94,317	23,486
Fair Value, Total	189,525	196,486
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	14,611	26,605
Gross Unrealized Losses, 12 Months or More	20,764	5,132
Gross Unrealized Losses, Total	$ 35,375	$ 31,737
Number of securities in an unrealized loss position | security	32,663	36,549
Number of individual securities in continuous unrealized loss position for longer than twelve months | security	17,596	4,048
U.S. government and government sponsored entities
Fair Value
Fair Value, Less than 12 Months	$ 4,708	$ 3,493
Fair Value, 12 Months or More	816	1,816
Fair Value, Total	5,524	5,309
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	307	368
Gross Unrealized Losses, 12 Months or More	199	128
Gross Unrealized Losses, Total	506	496
Obligations of states, municipalities and political subdivisions
Fair Value
Fair Value, Less than 12 Months	5,378	8,697
Fair Value, 12 Months or More	4,099	73
Fair Value, Total	9,477	8,770
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	589	1,180
Gross Unrealized Losses, 12 Months or More	785	15
Gross Unrealized Losses, Total	1,374	1,195
Non-U.S. governments
Fair Value
Fair Value, Less than 12 Months	6,831	10,702
Fair Value, 12 Months or More	3,578	779
Fair Value, Total	10,409	11,481
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	965	1,526
Gross Unrealized Losses, 12 Months or More	928	191
Gross Unrealized Losses, Total	1,893	1,717
Corporate debt
Fair Value
Fair Value, Less than 12 Months	53,646	110,683
Fair Value, 12 Months or More	62,852	13,778
Fair Value, Total	116,498	124,461
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	10,739	19,756
Gross Unrealized Losses, 12 Months or More	15,812	3,609
Gross Unrealized Losses, Total	26,551	23,365
RMBS
Fair Value
Fair Value, Less than 12 Months	7,529	10,953
Fair Value, 12 Months or More	5,481	1,005
Fair Value, Total	13,010	11,958
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	705	1,293
Gross Unrealized Losses, 12 Months or More	961	182
Gross Unrealized Losses, Total	1,666	1,475
CMBS
Fair Value
Fair Value, Less than 12 Months	6,322	11,620
Fair Value, 12 Months or More	5,851	1,728
Fair Value, Total	12,173	13,348
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	770	1,094
Gross Unrealized Losses, 12 Months or More	860	326
Gross Unrealized Losses, Total	1,630	1,420
CLO/ABS
Fair Value
Fair Value, Less than 12 Months	10,794	16,852
Fair Value, 12 Months or More	11,640	4,307
Fair Value, Total	22,434	21,159
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	536	1,388
Gross Unrealized Losses, 12 Months or More	1,219	681
Gross Unrealized Losses, Total	$ 1,755	$ 2,069

Investments - Amortized cost an

Investments - Amortized cost and fair value of fixed maturity securities available for sale by contractual maturity (Details) - USD ($) $ in Millions		Sep. 30, 2023	Dec. 31, 2022
Amortized Cost, Net of Allowance
Due in one year or less		$ 8,243
Due after one year through five years		46,097
Due after five years through ten years		40,730
Due after ten years		88,624
Mortgage-backed, asset-backed and collateralized		64,859
Total		248,553
Fair Value
Due in one year or less		8,120
Due after one year through five years		43,640
Due after five years through ten years		35,826
Due after ten years		66,629
Mortgage-backed, asset-backed and collateralized		60,725
Total	[1]	$ 214,940	$ 226,156
[1]See Note 10 for details of balances associated with variable interest entities.

Investments - Gross realized ga

Investments - Gross realized gains and gross realized losses from sales or maturities of available for sale securities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Gross Realized Gains	$ 18	$ 123	$ 247	$ 406
Gross Realized Losses	181	254	1,203	1,280
Aggregate fair value of available for sale securities sold	3,100	2,000	19,700	16,000
Net Investment Income [Line Items]
Net realized gains (losses)	(163)	(131)	(956)	(874)
Fortitude RE Funds Withheld Assets
Net Investment Income [Line Items]
Net realized gains (losses)	$ (6)	$ (64)	$ (125)	$ (218)

Investments - Value of other se

Investments - Value of other securities measured at fair value based on election of the fair value option (Details) - USD ($) $ in Millions		9 Months Ended	12 Months Ended
		Sep. 30, 2023	Dec. 31, 2022
Debt and Equity Securities, FV-NI [Line Items]
Fair Value	[1]	$ 4,840	$ 4,485
Equity securities	[1]	515	575
Fixed Maturities And Equity Securities
Debt and Equity Securities, FV-NI [Line Items]
Total		$ 5,355	$ 5,060
Fixed Maturities And Equity Securities | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		100%	100%
Fixed maturity securities
Debt and Equity Securities, FV-NI [Line Items]
Fair Value		$ 4,840	$ 4,485
Fixed maturity securities | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		91%	89%
Fixed maturity securities | Obligations of states, municipalities and political subdivisions
Debt and Equity Securities, FV-NI [Line Items]
Fair Value		$ 91	$ 111
Fixed maturity securities | Obligations of states, municipalities and political subdivisions | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		2%	2%
Fixed maturity securities | Non-U.S. governments
Debt and Equity Securities, FV-NI [Line Items]
Fair Value		$ 33	$ 66
Fixed maturity securities | Non-U.S. governments | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		1%	1%
Fixed maturity securities | Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Fair Value		$ 2,624	$ 2,392
Fixed maturity securities | Corporate debt | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		49%	47%
Fixed maturity securities | Mortgage-backed, asset-backed and collateralized
Debt and Equity Securities, FV-NI [Line Items]
Fair Value		$ 2,092	$ 1,916
Fixed maturity securities | Mortgage-backed, asset-backed and collateralized | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		39%	39%
Fixed maturity securities | RMBS
Debt and Equity Securities, FV-NI [Line Items]
Fair Value		$ 267	$ 286
Fixed maturity securities | RMBS | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		5%	6%
Fixed maturity securities | CMBS
Debt and Equity Securities, FV-NI [Line Items]
Fair Value		$ 278	$ 331
Fixed maturity securities | CMBS | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		5%	7%
Fixed maturity securities | CLO/ABS
Debt and Equity Securities, FV-NI [Line Items]
Fair Value		$ 1,547	$ 1,299
Fixed maturity securities | CLO/ABS | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		29%	26%
Equity securities
Debt and Equity Securities, FV-NI [Line Items]
Equity securities		$ 515	$ 575
Equity securities | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk, percentage		9%	11%
[1]See Note 10 for details of balances associated with variable interest entities.

Investments - Carrying amounts

Investments - Carrying amounts of other invested assets (Details) - USD ($) $ in Millions		Sep. 30, 2023	Dec. 31, 2022
Investments [Line Items]
Investment real estate		$ 2,208	$ 2,153
All other investments		2,203	1,991
Other invested assets	[1]	16,054	15,953
Accumulated depreciation on investment in real estate		820	786
Fortitude Re Funds Withheld Assets
Investments [Line Items]
Other invested assets		156	156
Hedge Funds and Private Equity Funds
Investments [Line Items]
Alternative investments		11,643	11,809
Hedge Funds
Investments [Line Items]
Other invested assets		900	1,400
Private equity funds
Investments [Line Items]
Alternative investments		8,779	8,428
Other invested assets		$ 10,800	$ 10,400
[1]See Note 10 for details of balances associated with variable interest entities.

Investments - Components of net

Investments - Components of net investment income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net Investment Income [Line Items]
Total investment income	$ 3,737	$ 2,819	$ 11,249	$ 8,988
Investment expenses	181	151	589	479
Net investment income	3,556	2,668	10,660	8,509
Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	3,465	2,656	10,225	8,328
Investment expenses	173	143	566	453
Net investment income	3,292	2,513	9,659	7,875
Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	272	163	1,024	660
Investment expenses	8	8	23	26
Net investment income	264	155	1,001	634
Available for sale fixed maturity securities, including short-term investments
Net Investment Income [Line Items]
Total investment income	2,918	2,406	8,568	7,162
Available for sale fixed maturity securities, including short-term investments | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	2,697	2,150	7,872	6,338
Available for sale fixed maturity securities, including short-term investments | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	221	256	696	824
Other fixed maturity securities
Net Investment Income [Line Items]
Total investment income	(39)	(241)	97	(915)
Gains/(losses) recognized in earnings on hedging derivatives		(57)		(208)
Other fixed maturity securities | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	(2)	(73)	18	(449)
Other fixed maturity securities | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	(37)	(168)	79	(466)
Equity securities
Net Investment Income [Line Items]
Total investment income	41	16	135	(41)
Equity securities | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	41	16	135	(41)
Equity securities | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	0	0	0	0
Interest on mortgage and other loans
Net Investment Income [Line Items]
Total investment income	692	568	2,001	1,578
Interest on mortgage and other loans | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	631	515	1,823	1,428
Interest on mortgage and other loans | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	61	53	178	150
Alternative investments
Net Investment Income [Line Items]
Total investment income	51	(38)	318	867
Alternative investments | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	26	(49)	249	729
Alternative investments | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	25	11	69	138
Real estate
Net Investment Income [Line Items]
Total investment income	8	14	28	46
Real estate | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	8	14	28	46
Real estate | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	0	0	0	0
Other investments
Net Investment Income [Line Items]
Total investment income	66	94	102	291
Gains/(losses) recognized in earnings on hedging derivatives	(1)	62	(5)	194
Other investments | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	64	83	100	277
Other investments | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	$ 2	$ 11	$ 2	$ 14

Investments - Components of n_2

Investments - Components of net realized gains (losses) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Components of net realized capital gains (losses)
Sales of fixed maturity securities	$ (163)	$ (131)	$ (956)	$ (874)
Net realized gains	1,081	2,572	(1,125)	8,783
Excluding Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Net realized gains	171	901	(881)	1,244
Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Net realized gains	910	1,671	(244)	7,539
Excluding modified coinsurance and funds withheld embedded derivative
Components of net realized capital gains (losses)
Sales of fixed maturity securities	(163)	(131)	(956)	(874)
Change in allowance for credit losses on fixed maturity securities	(54)	6	(128)	(135)
Foreign exchange transactions	(203)	(264)	149	(530)
Index-linked interest credited embedded derivatives, net of related hedges	129	34	(190)	217
All other derivatives and hedge accounting*	228	1,031	(12)	2,105
Sales of alternative investments and real estate investments	64	169	72	195
Other	6	20	(35)	1
Net realized gains	(56)	815	(1,277)	932
Excluding modified coinsurance and funds withheld embedded derivative | Loans Receivable
Components of net realized capital gains (losses)
Change in allowance for credit losses on loans	(63)	(50)	(177)	(47)
Excluding modified coinsurance and funds withheld embedded derivative | Excluding Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Sales of fixed maturity securities	(157)	(67)	(831)	(656)
Change in allowance for credit losses on fixed maturity securities	(47)	(1)	(119)	(101)
Foreign exchange transactions	(165)	(242)	160	(484)
Index-linked interest credited embedded derivatives, net of related hedges	129	34	(190)	217
All other derivatives and hedge accounting*	377	1,044	186	2,126
Sales of alternative investments and real estate investments	65	137	73	160
Other	10	22	(31)	3
Net realized gains	171	901	(881)	1,244
Excluding modified coinsurance and funds withheld embedded derivative | Excluding Fortitude Re Funds Withheld Assets | Loans Receivable
Components of net realized capital gains (losses)
Change in allowance for credit losses on loans	(41)	(26)	(129)	(21)
Excluding modified coinsurance and funds withheld embedded derivative | Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Sales of fixed maturity securities	(6)	(64)	(125)	(218)
Change in allowance for credit losses on fixed maturity securities	(7)	7	(9)	(34)
Foreign exchange transactions	(38)	(22)	(11)	(46)
Index-linked interest credited embedded derivatives, net of related hedges	0	0	0	0
All other derivatives and hedge accounting*	(149)	(13)	(198)	(21)
Sales of alternative investments and real estate investments	(1)	32	(1)	35
Other	(4)	(2)	(4)	(2)
Net realized gains	(227)	(86)	(396)	(312)
Excluding modified coinsurance and funds withheld embedded derivative | Fortitude Re Funds Withheld Assets | Loans Receivable
Components of net realized capital gains (losses)
Change in allowance for credit losses on loans	(22)	(24)	(48)	(26)
Fortitude Re funds withheld embedded derivative
Components of net realized capital gains (losses)
Net realized gains	1,137	1,757	152	7,851
Fortitude Re funds withheld embedded derivative | Excluding Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Net realized gains	0	0	0	0
Fortitude Re funds withheld embedded derivative | Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Net realized gains	$ 1,137	$ 1,757	$ 152	$ 7,851

Investments - Schedule of chang

Investments - Schedule of changes in unrealized appreciation (depreciation) of available for sale securities and other investments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Debt Securities, Available-for-sale [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	$ (7,094)	$ (12,134)	$ (4,368)	$ (50,205)
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date
Net gains (losses) recognized during the period on equity securities and other investments	143	(82)	534	265
Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period	17	39	175	96
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date	126	(121)	359	169
Continuing Operations, Excluding Held-For-Sale
Debt Securities, Available-for-sale [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	(7,033)	(12,134)	(3,962)	(50,205)
Fixed maturity securities | Continuing Operations, Excluding Held-For-Sale
Debt Securities, Available-for-sale [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	(7,033)	(12,134)	(3,962)	(50,191)
Other investments | Continuing Operations, Excluding Held-For-Sale
Debt Securities, Available-for-sale [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	0	0	0	(14)
Equity securities
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date
Net gains (losses) recognized during the period on equity securities and other investments	41	16	135	(41)
Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period	19	26	159	119
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date	22	(10)	(24)	(160)
Other invested assets
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date
Net gains (losses) recognized during the period on equity securities and other investments	102	(98)	399	306
Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period	(2)	13	16	(23)
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date	$ 104	$ (111)	$ 383	$ 329

Investments - Rollforward of ch

Investments - Rollforward of changes in allowance for credit losses on available for sale fixed maturity securities by major investment category (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 125	$ 175	$ 186	$ 98
Securities for which allowance for credit losses were not previously recorded	77	31	157	238
Securities sold during the period	(17)	(46)	(46)	(88)
Addition to (release of) the allowance for credit losses on securities that had an allowance recorded in a previous period, for which there was no intent to sell before recovery of amortized cost basis	(23)	(37)	(29)	(103)
Write-offs charged against the allowance	(27)	(7)	(124)	(29)
Other	3	(1)	(6)	(1)
Balance, end of period	138	115	138	115
Structured
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	47	26	46	8
Securities for which allowance for credit losses were not previously recorded	12	6	30	57
Securities sold during the period	(1)	(1)	(4)	(2)
Addition to (release of) the allowance for credit losses on securities that had an allowance recorded in a previous period, for which there was no intent to sell before recovery of amortized cost basis	4	0	0	(32)
Write-offs charged against the allowance	(15)	0	(25)	0
Other	0	(1)	0	(1)
Balance, end of period	47	30	47	30
Non- Structured
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	78	149	140	90
Securities for which allowance for credit losses were not previously recorded	65	25	127	181
Securities sold during the period	(16)	(45)	(42)	(86)
Addition to (release of) the allowance for credit losses on securities that had an allowance recorded in a previous period, for which there was no intent to sell before recovery of amortized cost basis	(27)	(37)	(29)	(71)
Write-offs charged against the allowance	(12)	(7)	(99)	(29)
Other	3	0	(6)	0
Balance, end of period	$ 91	$ 85	$ 91	$ 85

Investments - Pledged investmen

Investments - Pledged investments (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Financial Instruments Owned and Pledged as Collateral [Line Items]
Fixed maturity securities available for sale	$ 764	$ 2,968
Amounts borrowed under repurchase and securities lending agreements	733	3,100
Securities pledged under repurchase agreements	764	2,968
Total carrying values of cash and securities deposited under requirements of regulatory authorities or other insurance-related arrangements	13,800	13,600
Bonds available for sale and short-term investments held in escrow	302	301
Securities collateral pledged to us	1,131	0
Carrying value of reverse repurchase agreements	1,100
AIG Financial Products
Financial Instruments Owned and Pledged as Collateral [Line Items]
Loans	37,600	37,600
Asset Pledged as Collateral
Financial Instruments Owned and Pledged as Collateral [Line Items]
Fixed maturity securities available for sale	6,500	5,800
Other bond securities, at fair value	101	63
Loans	2,900	1,800
Overnight and Continuous
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	34	0
up to 30 days
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	730	2,391
31 - 90 days
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	577
91 - 364 days
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
365 days or greater
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
Bonds available for sale | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	38	20
Bonds available for sale | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	726	2,948
Bonds available for sale | Overnight and Continuous | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
Bonds available for sale | Overnight and Continuous | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	34	0
Bonds available for sale | up to 30 days | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	38	20
Bonds available for sale | up to 30 days | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	692	2,371
Bonds available for sale | 31 - 90 days | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
Bonds available for sale | 31 - 90 days | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	577
Bonds available for sale | 91 - 364 days | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
Bonds available for sale | 91 - 364 days | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
Bonds available for sale | 365 days or greater | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
Bonds available for sale | 365 days or greater | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
FHLBs
Financial Instruments Owned and Pledged as Collateral [Line Items]
Federal Home Loan Bank stock	$ 283	$ 239

Lending Activities - Compositio

Lending Activities - Composition of mortgages and other loans receivable (Details) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Composition of Mortgages and other loans receivable
Allowance for credit losses		$ (38,521)			$ (38,351)
Mortgage and other loans receivable, net	[1]	50,922			49,605
Commercial mortgage loans
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable		37,996			37,128
Allowance for credit losses		(812)	$ (564)	$ (737)	(640)	$ (525)	$ (545)
Off-balance-sheet commitments		70	$ 87		69
Loans on nonacrrual status		694			703
Accrued interest receivable		$ 177			147
Commercial mortgage loans | Geographic Concentration Risk | Interest on mortgage and other loans | New York
Composition of Mortgages and other loans receivable
Percentage of mortgage loans in geographic area		18%	19%
Commercial mortgage loans | Geographic Concentration Risk | Interest on mortgage and other loans | California
Composition of Mortgages and other loans receivable
Percentage of mortgage loans in geographic area		11%	11%
Residential mortgages
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable		$ 8,098			6,130
Loans on nonacrrual status		20			5
Accrued interest receivable		21			15
Life insurance policy loans
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable		1,768			1,758
Commercial loans, other loans and notes receivable
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable		3,946			5,305
Loans held for sale					170
Excluding AIGFP Operating
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable		51,808			50,321
Allowance for credit losses		(886)	$ (655)	$ (806)	(716)	$ (603)	$ (629)
Mortgage and other loans receivable, net		50,922			49,605
AIG Financial Products
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable		37,600			37,600
Allowance for credit losses		$ (37,600)			$ (37,600)
[1]See Note 10 for details of balances associated with variable interest entities.

Lending Activities - Credit qua

Lending Activities - Credit quality of commercial mortgages (Details) $ in Millions	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	$ 1,722	$ 6,473
Prior year	6,903	3,355
Two years prior	3,831	2,206
Three years prior	1,712	5,453
Four years prior	5,334	5,431
Five years & beyond prior	18,494	14,210
Total	$ 37,996	$ 37,128
Weighted average debt service coverage ratio	1.9	1.9
Weighted average loan-to-value ratio (as a percent)	59%	59%
Commercial mortgage loans | >90 days delinquent or in process of foreclosure(a)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 197	$ 215
Commercial mortgage loans | Fortitude RE Funds Withheld Assets | >90 days delinquent or in process of foreclosure(a)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	157	156
AIG Financial Products
Financing Receivable, Credit Quality Indicator [Line Items]
Total	37,600	37,600
Less than 65% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	1,546	5,425
Prior year	4,588	2,548
Two years prior	2,871	1,775
Three years prior	1,254	3,958
Four years prior	3,789	3,016
Five years & beyond prior	12,601	10,739
Total	26,649	27,461
65% to 75% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	176	998
Prior year	1,701	517
Two years prior	619	405
Three years prior	239	1,445
Four years prior	1,495	1,487
Five years & beyond prior	3,821	1,393
Total	8,051	6,245
76% to 80% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	0	50
Prior year	564	52
Two years prior	52	0
Three years prior	0	0
Four years prior	0	168
Five years & beyond prior	171	229
Total	787	499
Greater than 80% | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	0	0
Prior year	50	238
Two years prior	289	26
Three years prior	219	50
Four years prior	50	760
Five years & beyond prior	1,901	1,849
Total	2,509	2,923
Greater than 1.2X | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	1,612	5,518
Prior year	5,790	2,457
Two years prior	2,354	1,710
Three years prior	1,362	4,985
Four years prior	5,091	4,120
Five years & beyond prior	14,822	11,663
Total	31,031	30,453
1.00 - 1.20X | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	110	910
Prior year	1,065	898
Two years prior	1,477	473
Three years prior	350	416
Four years prior	243	567
Five years & beyond prior	2,667	1,353
Total	5,912	4,617
Less than 1.00X | Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	0	45
Prior year	48	0
Two years prior	0	23
Three years prior	0	52
Four years prior	0	744
Five years & beyond prior	1,005	1,194
Total	$ 1,053	$ 2,058

Lending Activities - Credit q_2

Lending Activities - Credit quality performance indicators for commercial mortgages (Details) $ in Millions	Sep. 30, 2023 USD ($) loan	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($) loan	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Allowance for credit losses	$ 38,521		$ 38,351
Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	638		629
Total	$ 37,996		$ 37,128
Allowance for credit losses	$ 812	$ 737	$ 640	$ 564	$ 525	$ 545
Percent of Total	100%		100%
Percentage of total, allowance for credit losses	2%		2%
Commercial mortgage loans | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	635		625
Total	$ 37,765		$ 36,913
Percent of Total	99%		99%
Commercial mortgage loans | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	1		0
Total	$ 34		$ 0
Percent of Total	0%		0%
Commercial mortgage loans | >90 days delinquent or in process of foreclosure(a)
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	2		4
Total	$ 197		$ 215
Percent of Total	1%		1%
Commercial mortgage loans | Apartments
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 15,175		$ 14,597
Allowance for credit losses	93		100
Commercial mortgage loans | Apartments | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	15,175		14,597
Commercial mortgage loans | Apartments | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial mortgage loans | Apartments | >90 days delinquent or in process of foreclosure(a)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial mortgage loans | Offices
Financing Receivable, Credit Quality Indicator [Line Items]
Total	9,952		10,275
Allowance for credit losses	507		351
Commercial mortgage loans | Offices | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	9,761		10,102
Commercial mortgage loans | Offices | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	34		0
Commercial mortgage loans | Offices | >90 days delinquent or in process of foreclosure(a)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	157		173
Commercial mortgage loans | Retail
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,976		3,816
Allowance for credit losses	83		81
Commercial mortgage loans | Retail | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,936		3,774
Commercial mortgage loans | Retail | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial mortgage loans | Retail | >90 days delinquent or in process of foreclosure(a)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	40		42
Commercial mortgage loans | Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total	6,414		6,006
Allowance for credit losses	86		71
Commercial mortgage loans | Industrial | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	6,414		6,006
Commercial mortgage loans | Industrial | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial mortgage loans | Industrial | >90 days delinquent or in process of foreclosure(a)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial mortgage loans | Hotel
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,047		2,027
Allowance for credit losses	37		29
Commercial mortgage loans | Hotel | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,047		2,027
Commercial mortgage loans | Hotel | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial mortgage loans | Hotel | >90 days delinquent or in process of foreclosure(a)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial mortgage loans | Others
Financing Receivable, Credit Quality Indicator [Line Items]
Total	432		407
Allowance for credit losses	6		8
Commercial mortgage loans | Others | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	432		407
Commercial mortgage loans | Others | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial mortgage loans | Others | >90 days delinquent or in process of foreclosure(a)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 0		$ 0

Lending Activities - Credit q_3

Lending Activities - Credit quality of residential mortgages (Details) - Residential mortgages - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	$ 1,393	$ 997
Prior year	1,436	3,016
Two years prior	2,961	852
Three years prior	850	327
Four years prior	393	120
Five years & beyond prior	1,065	818
Total	8,098	6,130
780 and greater
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	354	296
Prior year	568	2,204
Two years prior	2,296	654
Three years prior	630	232
Four years prior	242	77
Five years & beyond prior	618	567
Total	4,708	4,030
720 - 779
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	822	536
Prior year	598	728
Two years prior	550	168
Three years prior	169	76
Four years prior	100	32
Five years & beyond prior	248	169
Total	2,487	1,709
660 - 719
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	215	163
Prior year	249	80
Two years prior	103	28
Three years prior	40	16
Four years prior	38	9
Five years & beyond prior	130	62
Total	775	358
600 - 659
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	2	2
Prior year	21	4
Two years prior	10	2
Three years prior	9	2
Four years prior	9	2
Five years & beyond prior	53	14
Total	104	26
Less than 600
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	0	0
Prior year	0	0
Two years prior	2	0
Three years prior	2	1
Four years prior	4	0
Five years & beyond prior	16	6
Total	$ 24	$ 7

Lending Activities - Rollforwar

Lending Activities - Rollforward of the changes in the allowance for credit losses on Mortgage and other loans receivable (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of period			$ 38,351
Allowance, end of period	$ 38,521		38,521
Loans modified in a troubled debt restructuring		$ 220		$ 220
Commercial mortgage loans
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of period	737	525	640	545
Loans charged off			(6)	(4)
Net charge-offs			(6)	(4)
Addition to (release of) allowance for loan losses	75	39	178	23
Allowance, end of period	812	564	812	564
Off-balance-sheet commitments	70	87	70	87	$ 69
Other loans
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of period	69	78	76	84
Loans charged off			0	0
Net charge-offs			0	0
Addition to (release of) allowance for loan losses	5	13	(2)	7
Allowance, end of period	74	91	74	91
Excluding AIGFP Operating
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of period	806	603	716	629
Loans charged off			(6)	(4)
Net charge-offs			(6)	(4)
Addition to (release of) allowance for loan losses	80	52	176	30
Allowance, end of period	$ 886	$ 655	$ 886	$ 655

Lending Activities - Loan Modif

Lending Activities - Loan Modifications (Details) - Extended Maturity - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Commercial Mortgage Loans
Allowance for losses on Mortgage and other loans receivable
Amortized cost	$ 51	$ 51
Commercial Loans, Other Loans, And Notes Receivable
Allowance for losses on Mortgage and other loans receivable
Amortized cost	$ 168	$ 168

Reinsurance - Rollforward of th

Reinsurance - Rollforward of the reinsurable allowance for credit losses before adoption (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Jan. 01, 2021	Dec. 31, 2020
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				$ 3,176
Fortitude RE
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes	$ 28,895	$ 30,751	$ 42,244	36,801
Excluding Fortitude
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes	$ 38,163	38,971	39,432	36,300
As Previously Reported
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				2,707
As Previously Reported | Fortitude RE
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes		32,159	34,578	29,135
As Previously Reported | Excluding Fortitude
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes		$ 39,434	$ 38,963
Reclassification of cost of reinsurance
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				416
Reclassification to Market risk benefits
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				(35)
Adjustments for NPR* > 100%
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				9
Adjustments for NPR* > 100% | Fortitude RE
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				55
Change due to the current upper-medium grade discount rate
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				79
Change due to the current upper-medium grade discount rate | Fortitude RE
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				7,611
Individual Retirement
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				274
Individual Retirement | As Previously Reported
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				309
Individual Retirement | Reclassification of cost of reinsurance
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				0
Individual Retirement | Reclassification to Market risk benefits
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				(35)
Individual Retirement | Adjustments for NPR* > 100%
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				0
Individual Retirement | Change due to the current upper-medium grade discount rate
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				0
Life Insurance
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				2,869
Life Insurance | As Previously Reported
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				2,370
Life Insurance | Reclassification of cost of reinsurance
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				416
Life Insurance | Reclassification to Market risk benefits
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				0
Life Insurance | Adjustments for NPR* > 100%
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				9
Life Insurance | Change due to the current upper-medium grade discount rate
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				74
Institutional Markets
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				33
Institutional Markets | As Previously Reported
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				28
Institutional Markets | Reclassification of cost of reinsurance
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				0
Institutional Markets | Reclassification to Market risk benefits
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				0
Institutional Markets | Adjustments for NPR* > 100%
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				0
Institutional Markets | Change due to the current upper-medium grade discount rate
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				5
General Insurance
Effects of Reinsurance [Line Items]
Reinsurance assets, net of allowance for credit losses and disputes				$ 5,400

Reinsurance - Narrative (Detail

Reinsurance - Narrative (Details) - USD ($) $ in Billions	Sep. 30, 2023	Dec. 31, 2022
Effects of Reinsurance [Line Items]
Reinsurance recoverables	$ 69.4	$ 71.8
Investment Grade
Effects of Reinsurance [Line Items]
Reinsurance recoverable (as a percent)	89%	92%
Non-Investment Grade
Effects of Reinsurance [Line Items]
Reinsurance recoverable (as a percent)	9%	7%
Non-Investment Grade | Captive Insurers
Effects of Reinsurance [Line Items]
Reinsurance recoverable (as a percent)	83%	77%
Not Rated
Effects of Reinsurance [Line Items]
Reinsurance recoverable (as a percent)	2%	1%
Legacy Life And Retirement Run Off Lines Segment Member
Effects of Reinsurance [Line Items]
Ceded reserves	$ 25.9
Legacy General Insurance Run Off Lines Member
Effects of Reinsurance [Line Items]
Ceded reserves	$ 3
General Insurance | Investment Grade
Effects of Reinsurance [Line Items]
Reinsurance recoverable (as a percent)	49%	53%
Life and Retirement | Investment Grade
Effects of Reinsurance [Line Items]
Reinsurance recoverable (as a percent)	40%	39%
Life and Retirement | Non-Investment Grade
Effects of Reinsurance [Line Items]
Reinsurance recoverable (as a percent)		1%

Reinsurance - Summary of the co

Reinsurance - Summary of the composition of pool of assets (Details) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2023		Sep. 30, 2022	Dec. 31, 2022		Jan. 01, 2021
Effects of Reinsurance [Line Items]
Bonds available for sale	[1]	$ 214,940			$ 226,156
Fixed maturity securities - fair value option	[1]	4,840			4,485
Investment real estate		2,208			2,153
Short-term investments	[1]	13,048			12,376
Other assets		11,857	[1]		12,384	[1]	$ 13,520
Total assets		521,521			522,228		$ 598,841
Carrying Value
Effects of Reinsurance [Line Items]
Short-term investments		6,589			6,668
Other assets		36			33
Hedge Funds and Private Equity Funds
Effects of Reinsurance [Line Items]
Fair Value Using NAV Per Share (or its equivalent)		11,643			11,809
Commercial mortgage loans
Effects of Reinsurance [Line Items]
Loans		37,996			37,128
Policy loans
Effects of Reinsurance [Line Items]
Loans		1,768			1,758
Fortitude Holdings
Effects of Reinsurance [Line Items]
Change in net unrealized gains (losses), gross		(740)		$ (7,700)
Change in net unrealized gains (losses), net of tax		(585)		$ (6,100)
Derivative asset, Fair value of collateral		18			192
Derivative liability, Fair value of collateral		27			28
Fortitude Holdings | Carrying Value
Effects of Reinsurance [Line Items]
Bonds available for sale		15,955			18,821
Fixed maturity securities - fair value option		4,418			4,182
Investment real estate		122			133
Short-term investments		152			75
Funds withheld investment assets		26,967			29,566
Derivative assets, net		2			90
Other assets		856			782
Total assets		27,825			30,438
Fortitude Holdings | Estimated Fair Value
Effects of Reinsurance [Line Items]
Bonds available for sale		15,955			18,821
Fixed maturity securities - fair value option		4,418			4,182
Investment real estate		295			348
Short-term investments		152			75
Funds withheld investment assets		26,833			29,511
Derivative assets, net		2			90
Other assets		856			782
Total(d)		27,691			30,383
Fortitude Holdings | Hedge Funds and Private Equity Funds | Carrying Value
Effects of Reinsurance [Line Items]
Fair Value Using NAV Per Share (or its equivalent)		1,856			1,893
Fortitude Holdings | Hedge Funds and Private Equity Funds | Estimated Fair Value
Effects of Reinsurance [Line Items]
Fair Value Using NAV Per Share (or its equivalent)		1,856			1,893
Fortitude Holdings | Commercial mortgage loans | Carrying Value
Effects of Reinsurance [Line Items]
Loans		4,129			4,107
Fortitude Holdings | Commercial mortgage loans | Estimated Fair Value
Effects of Reinsurance [Line Items]
Loans, fair value		3,822			3,837
Fortitude Holdings | Policy loans | Carrying Value
Effects of Reinsurance [Line Items]
Loans		335			355
Fortitude Holdings | Policy loans | Estimated Fair Value
Effects of Reinsurance [Line Items]
Loans, fair value		$ 335			$ 355
[1]See Note 10 for details of balances associated with variable interest entities.

Reinsurance - Summary of the im

Reinsurance - Summary of the impact of funds withheld (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Effects of Reinsurance [Line Items]
Total net investment income	$ 3,556	$ 2,668	$ 10,660	$ 8,509
Total net realized gains (losses)	1,081	2,572	(1,125)	8,783
Income (loss) from continuing operations before income tax expense (benefit)	3,568	3,904	5,204	13,543
Income tax expense (benefit)	821	817	853	2,816
Net income (loss)	2,747	3,087	4,351	10,726
Change in unrealized depreciation of all other investments			(795)	171
Comprehensive income (loss)	(2,171)	(5,219)	1,608	(23,308)
Fortitude Re funds withheld assets
Effects of Reinsurance [Line Items]
Total net investment income	264	155	1,001	634
Fortitude Holdings
Effects of Reinsurance [Line Items]
Total net investment income	264	155	1,001	634
Total net realized gains (losses)	910	1,671	(244)	7,539
Income (loss) from continuing operations before income tax expense (benefit)	1,174	1,826	757	8,173
Income tax expense (benefit)	247	383	159	1,716
Net income (loss)	927	1,443	598	6,457
Comprehensive income (loss)	45	126	13	346
Fortitude Holdings | Fortitude Re funds withheld assets
Effects of Reinsurance [Line Items]
Total net realized gains (losses)	(227)	(86)	(396)	(312)
Fortitude Holdings | Fortitude Re funds withheld assets | Embedded derivatives
Effects of Reinsurance [Line Items]
Total net realized gains (losses)	1,137	1,757	152	7,851
Fortitude Holdings | Other investments
Effects of Reinsurance [Line Items]
Change in unrealized depreciation of all other investments	$ (882)	$ (1,317)	$ (585)	$ (6,111)

Reinsurance - Rollforward of _2

Reinsurance - Rollforward of the reinsurance recoverable allowance for credit losses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Reinsurance Recoverable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 320	$ 391	$ 344	$ 382
Addition to (release of) allowance for expected credit losses and disputes, net	5	5	(17)	12
Write-offs charged against the allowance for credit losses and disputes	0	(1)	(1)	(3)
Recoveries of amounts previously written off			0	2
Other changes	(1)	(1)	(2)	1
Balance, end of period	324	394	324	394
General Insurance
Reinsurance Recoverable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	254	284	260	281
Addition to (release of) allowance for expected credit losses and disputes, net	1	4	(3)	5
Write-offs charged against the allowance for credit losses and disputes	0	(1)	(1)	(3)
Recoveries of amounts previously written off			0	2
Other changes	(1)	(1)	(2)	1
Balance, end of period	254	286	254	286
Life and Retirement
Reinsurance Recoverable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	66	107	84	101
Addition to (release of) allowance for expected credit losses and disputes, net	4	1	(14)	7
Write-offs charged against the allowance for credit losses and disputes	0	0	0	0
Recoveries of amounts previously written off			0	0
Other changes	0	0	0	0
Balance, end of period	$ 70	$ 108	$ 70	$ 108

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs - Rollforward of LDTI and DSI Adoption Adjustments (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost	$ 11,999	$ 12,857	$ 12,961	$ 13,001
Deferred sale inducement cost					$ 679
As Previously Reported
Summary of Significant Accounting Policies [Line Items]
Deferred sale inducement cost					281
Effect of Change
Summary of Significant Accounting Policies [Line Items]
Deferred sale inducement cost					398
Individual Retirement
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost	4,694	4,597	4,593	4,553
Deferred sale inducement cost					474
Individual Retirement | As Previously Reported
Summary of Significant Accounting Policies [Line Items]
Deferred sale inducement cost					190
Individual Retirement | Effect of Change
Summary of Significant Accounting Policies [Line Items]
Deferred sale inducement cost					284
Group Retirement
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost	1,053	1,060	1,063	1,078
Deferred sale inducement cost					205
Group Retirement | As Previously Reported
Summary of Significant Accounting Policies [Line Items]
Deferred sale inducement cost					91
Group Retirement | Effect of Change
Summary of Significant Accounting Policies [Line Items]
Deferred sale inducement cost					114
Life Insurance
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost	4,148	4,839	4,781	4,904
General Insurance
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost	$ 2,037	$ 2,310	$ 2,478	$ 2,428
Long-Duration Insurance Contracts
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost					10,466
Long-Duration Insurance Contracts | As Previously Reported
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost					7,316
Long-Duration Insurance Contracts | Effect of Change
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost					3,150
Long-Duration Insurance Contracts | Individual Retirement
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost					4,421
Long-Duration Insurance Contracts | Individual Retirement | As Previously Reported
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost					2,359
Long-Duration Insurance Contracts | Individual Retirement | Effect of Change
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost					2,062
Long-Duration Insurance Contracts | Group Retirement
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost					1,094
Long-Duration Insurance Contracts | Group Retirement | As Previously Reported
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost					560
Long-Duration Insurance Contracts | Group Retirement | Effect of Change
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost					534
Long-Duration Insurance Contracts | Life Insurance
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost					4,918
Long-Duration Insurance Contracts | Life Insurance | As Previously Reported
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost					4,371
Long-Duration Insurance Contracts | Life Insurance | Effect of Change
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost					547
Long-Duration Insurance Contracts | Institutional Markets
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost					33
Long-Duration Insurance Contracts | Institutional Markets | As Previously Reported
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost					26
Long-Duration Insurance Contracts | Institutional Markets | Effect of Change
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost					7
Long-Duration Insurance Contracts | General Insurance
Summary of Significant Accounting Policies [Line Items]
Deferred acquisition cost					$ 2,500

Deferred Policy Acquisition C_4

Deferred Policy Acquisition Costs - Rollforward of DAC (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of year	$ 12,857	$ 13,001
Capitalization	4,260	3,756
Amortization expense	(3,673)	(3,423)
Other, including foreign exchange	(67)	(373)
Reclassified to held for sale	(1,378)
Balance, end of year	11,999	12,961
General Insurance
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of year	2,310	2,428
Capitalization	3,310	2,960
Amortization expense	(2,884)	(2,668)
Other, including foreign exchange	(76)	(242)
Reclassified to held for sale	(623)
Balance, end of year	2,037	2,478
Individual Retirement
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of year	4,597	4,553
Capitalization	519	420
Amortization expense	(422)	(380)
Other, including foreign exchange	0	0
Reclassified to held for sale	0
Balance, end of year	4,694	4,593
Group Retirement
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of year	1,060	1,078
Capitalization	55	44
Amortization expense	(62)	(59)
Other, including foreign exchange	0	0
Reclassified to held for sale	0
Balance, end of year	1,053	1,063
Life Insurance
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of year	4,839	4,904
Capitalization	354	319
Amortization expense	(299)	(311)
Other, including foreign exchange	9	(131)
Reclassified to held for sale	(755)
Balance, end of year	4,148	4,781
Institutional Markets
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of year	51	38
Capitalization	22	13
Amortization expense	(6)	(5)
Other, including foreign exchange	0	0
Reclassified to held for sale	0
Balance, end of year	$ 67	$ 46

Deferred Policy Acquisition C_5

Deferred Policy Acquisition Costs - Rollforward of DSI (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Jan. 01, 2021	Dec. 31, 2020
Summary of Significant Accounting Policies [Line Items]
Aggregate carrying amount in the Condensed Consolidated Balance Sheets	$ 11,999		$ 12,857	$ 12,955
Other assets, excluding DSI	11,300	$ 11,900			$ 12,800
Deferred Sale Inducements
Summary of Significant Accounting Policies [Line Items]
Balance, beginning of year	558	619
Capitalization	5	5
Amortization expense	(51)	(51)
Balance, end of period	512	573
Deferred Sale Inducements | Individual Retirement
Summary of Significant Accounting Policies [Line Items]
Balance, beginning of year	381	428
Capitalization	5	5
Amortization expense	(41)	(41)
Balance, end of period	345	392
Deferred Sale Inducements | Group Retirement
Summary of Significant Accounting Policies [Line Items]
Balance, beginning of year	177	191
Capitalization	0	0
Amortization expense	(10)	(10)
Balance, end of period	$ 167	$ 181

Variable Interest Entities - Co

Variable Interest Entities - Consolidated VIEs (Details) - USD ($) $ in Millions		9 Months Ended
		Sep. 30, 2023		Dec. 31, 2022		Sep. 30, 2022	Jan. 01, 2021
Assets:
Bonds available for sale	[1]	$ 214,940		$ 226,156
Other bond securities, at fair value (See Note 5)	[1]	4,840		4,485
Equity securities	[1]	515		575
Mortgage and other loans receivable	[1]	50,922		49,605
Investment real estate		2,208		2,153
Short-term investments	[1]	13,048		12,376
Cash		1,994	[1]	2,043	[1]	$ 2,294
Accrued investment income	[1]	2,574		2,376
Other assets		11,857	[1]	12,384	[1]		$ 13,520
Total assets		521,521		522,228			598,841
Liabilities:
Other		24,202	[1]	26,757	[1]		27,520
Total liabilities		478,308		478,774			$ 532,906
Real Estate and Investment Entities
Liabilities:
Off-balance sheet exposure associated with VIEs		1,900		2,100
Real Estate and Investment Entities | External parties
Liabilities:
Off-balance sheet exposure associated with VIEs		400		600
Consolidated VIE
Assets:
Bonds available for sale		141		3,672
Other bond securities, at fair value (See Note 5)		2
Equity securities		7		51
Mortgage and other loans receivable		2,081		2,221
Alternative investments		2,849		2,842
Investment real estate		1,414		1,731
Short-term investments		164		472
Cash		54		71
Accrued investment income		6		9
Other assets		84		172
Total assets		6,802		11,241
Liabilities:
Debt of consolidated investment entities		2,283		5,694
Other		74		132
Total liabilities		2,357		5,826
Consolidated VIE | Real Estate and Investment Entities
Assets:
Bonds available for sale		0		0
Other bond securities, at fair value (See Note 5)		2
Equity securities		7		51
Mortgage and other loans receivable		0		0
Alternative investments		2,849		2,842
Investment real estate		1,414		1,731
Short-term investments		134		191
Cash		54		71
Accrued investment income		0		0
Other assets		80		102
Total assets		4,540		4,988
Liabilities:
Debt of consolidated investment entities		1,163		1,358
Other		70		85
Total liabilities		1,233		1,443
Consolidated VIE | Securitization Vehicles(e)
Assets:
Bonds available for sale		141		3,672
Other bond securities, at fair value (See Note 5)		0
Equity securities		0		0
Mortgage and other loans receivable		2,081		2,221
Alternative investments		0		0
Investment real estate		0		0
Short-term investments		30		281
Cash		0		0
Accrued investment income		6		9
Other assets		4		70
Total assets		2,262		6,253
Liabilities:
Debt of consolidated investment entities		1,120		4,336
Other		4		47
Total liabilities		1,124		4,383
Unconsolidated VIE
Assets:
Total assets		513,996		505,521
Liabilities:
Off-balance sheet exposure associated with VIEs		4,472		$ 4,685
Unconsolidated VIE | Securitization Vehicles(e)
Assets:
Total assets		3,600
Liabilities:
Total liabilities		3,100
Pre-tax loss on deconsolidation		$ 14
[1]See Note 10 for details of balances associated with variable interest entities.

Variable Interest Entities - Un

Variable Interest Entities - Unconsolidated VIEs (Details) - USD ($) $ in Millions		Sep. 30, 2023	Dec. 31, 2022	Jan. 01, 2021
VARIABLE INTEREST ENTITY
Total assets		$ 521,521	$ 522,228	$ 598,841
Other invested assets	[1]	16,054	15,953
Unconsolidated VIE
VARIABLE INTEREST ENTITY
Total assets		513,996	505,521
Maximum exposure to loss, On-Balance Sheet		9,216	9,392
Maximum exposure to loss, Off-Balance Sheet		4,472	4,685
Total		13,688	14,077
Other invested assets		9,100	9,300
Unconsolidated VIE | AIG Financial Products
VARIABLE INTEREST ENTITY
Total assets		1,935	2,057
Maximum exposure to loss, Off-Balance Sheet		1,907	2,033
Unconsolidated VIE | Real Estate and Investment Entities
VARIABLE INTEREST ENTITY
Total assets		512,969	504,219
Maximum exposure to loss, On-Balance Sheet		9,158	9,145
Maximum exposure to loss, Off-Balance Sheet		3,724	3,938
Total		12,882	13,083
Unconsolidated VIE | Other Investment Companies
VARIABLE INTEREST ENTITY
Total assets		1,027	1,302
Maximum exposure to loss, On-Balance Sheet		58	247
Maximum exposure to loss, Off-Balance Sheet		748	747
Total		$ 806	$ 994
[1]See Note 10 for details of balances associated with variable interest entities.

Variable Interest Entities - Re

Variable Interest Entities - Real Estate and Investments Entities (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Jan. 01, 2021
VARIABLE INTEREST ENTITY
Total assets	$ 521,521	$ 522,228	$ 598,841
Unconsolidated VIE
VARIABLE INTEREST ENTITY
Total assets	513,996	505,521
Exposure to loss	13,688	14,077
Off-balance sheet exposure associated with VIEs	4,472	4,685
Unconsolidated VIE | AIG Financial Products
VARIABLE INTEREST ENTITY
Total assets	1,935	2,057
Off-balance sheet exposure associated with VIEs	$ 1,907	$ 2,033

Derivatives and Hedge Account_3

Derivatives and Hedge Accounting - Notional amounts and fair values of derivative instruments (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Gross Derivative Assets
Notional Amount	$ 148,816	$ 133,721
Fair Value	6,499	6,049
Counterparty netting	(3,985)	(3,895)
Cash Collateral	(2,141)	(1,640)
Total derivative assets	373	514
Gross Derivative Liabilities
Notional Amount	68,842	56,805
Fair Value	6,716	6,043
Counterparty netting	(3,985)	(3,895)
Cash Collateral	(2,472)	(1,917)
Total derivative liabilities on consolidated balance sheet	259	231
Bifurcated embedded derivatives assets, fair value	3,400	2,200
Bifurcated embedded derivative liabilities, fair value	6,400	5,400
Derivatives designated as hedging instruments | Interest rate contracts
Gross Derivative Assets
Notional Amount	179	251
Fair Value	191	355
Gross Derivative Liabilities
Notional Amount	3,104	1,688
Fair Value	78	66
Derivatives designated as hedging instruments | Foreign exchange contracts
Gross Derivative Assets
Notional Amount	6,115	4,543
Fair Value	525	642
Gross Derivative Liabilities
Notional Amount	1,630	4,899
Fair Value	235	317
Derivatives not designated as hedging instruments | Interest rate contracts
Gross Derivative Assets
Notional Amount	36,494	39,833
Fair Value	3,057	3,367
Gross Derivative Liabilities
Notional Amount	35,271	34,128
Fair Value	5,096	4,772
Derivatives not designated as hedging instruments | Foreign exchange contracts
Gross Derivative Assets
Notional Amount	16,539	8,626
Fair Value	1,255	1,202
Gross Derivative Liabilities
Notional Amount	5,139	10,397
Fair Value	416	821
Derivatives not designated as hedging instruments | Equity contracts
Gross Derivative Assets
Notional Amount	42,372	31,264
Fair Value	1,422	428
Gross Derivative Liabilities
Notional Amount	23,162	4,740
Fair Value	853	26
Derivatives not designated as hedging instruments | Commodity contracts
Gross Derivative Assets
Notional Amount	0	212
Fair Value	0	9
Gross Derivative Liabilities
Notional Amount	0	20
Fair Value	0	0
Derivatives not designated as hedging instruments | Credit contracts
Gross Derivative Assets
Notional Amount	1,806	1,808
Fair Value	33	32
Gross Derivative Liabilities
Notional Amount	536	933
Fair Value	38	41
Derivatives not designated as hedging instruments | Credit contracts | CDS
Gross Derivative Liabilities
Notional Amount	51	79
Fair Value	33	32
Derivatives not designated as hedging instruments | Other contracts
Gross Derivative Assets
Notional Amount	45,311	47,184
Fair Value	16	14
Gross Derivative Liabilities
Notional Amount	0	0
Fair Value	$ 0	$ 0

Derivatives and Hedge Account_4

Derivatives and Hedge Accounting - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Credit derivatives:
Collateral posted	$ 3,400		$ 3,400		$ 2,900
Collateral obtained from third parties for derivative transactions	2,600		2,600		2,000
Foreign currency translation gain (loss) adjustment related to net investment hedge relationships	41	$ 137	8	$ 444
Par value of hybrid securities	42		42		42
Maximum
Credit derivatives:
Fair value of hybrid securities	1		1		1
Credit Risk Related Contingent Features
Credit derivatives:
Collateral posted	33		33		34
Additional collateral postings and termination payments	6		6
Aggregate fair value of net liability position	$ 33		$ 33		$ 32

Derivatives and Hedge Account_5

Derivatives and Hedge Accounting - Fair value hedging relationships (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest credited to policyholder account balances
Derivative instruments gain (loss):
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest credited to policyholder account balances	Interest credited to policyholder account balances	Interest credited to policyholder account balances	Interest credited to policyholder account balances
Net Investment Income
Derivative instruments gain (loss):
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net Investment Income	Net Investment Income	Net Investment Income	Net Investment Income
Derivatives designated as hedging instruments | Fair value hedging | Interest rate contracts
Derivative instruments gain (loss):
Gains/(losses) recognized in earnings on hedging derivatives	$ (48)		$ (12)
Gains/(losses) recognized in earnings for excluded components	0		1
Gains/(losses) recognized in earnings for hedged items	53		3
Net Impact	5		(8)
Derivatives designated as hedging instruments | Fair value hedging | Interest rate contracts | Interest credited to policyholder account balances
Derivative instruments gain (loss):
Gains/(losses) recognized in earnings on hedging derivatives		$ (62)		$ (90)
Gains/(losses) recognized in earnings for excluded components		0		0
Gains/(losses) recognized in earnings for hedged items		62		93
Net Impact		0		3
Derivatives designated as hedging instruments | Fair value hedging | Interest rate contracts | Net Investment Income
Derivative instruments gain (loss):
Gains/(losses) recognized in earnings on hedging derivatives		25		26
Gains/(losses) recognized in earnings for excluded components		0		0
Gains/(losses) recognized in earnings for hedged items		(24)		(25)
Net Impact		1		1
Derivatives designated as hedging instruments | Fair value hedging | Foreign exchange contracts
Derivative instruments gain (loss):
Gains/(losses) recognized in earnings on hedging derivatives	231	455	(213)	889
Gains/(losses) recognized in earnings for excluded components	(129)	122	68	262
Gains/(losses) recognized in earnings for hedged items	(231)	(455)	213	(889)
Net Impact	$ (129)	$ 122	$ 68	$ 262

Derivatives and Hedge Account_6

Derivatives and Hedge Accounting - Derivatives not designated as hedging instruments (Details) - Derivatives not designated as hedging instruments - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ 1,046	$ 2,577	$ (1,198)	$ 9,270
Policy fees
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	17	17	50	47
Net investment income - excluding Fortitude Re funds withheld assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total			$ 0	$ 10
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Net Investment Income	Net Investment Income	Net Investment Income
Net Investment Income - Fortitude Re Funds Withheld Assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	1	0	$ (1)	$ 0
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Net Investment Income	Net Investment Income	Net Investment Income
Net realized gains (losses) - Excluding Fortitude Re Funds Withheld Assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	507	1,098	$ (4)	$ 2,364
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Total net realized gains (losses)	Total net realized gains (losses)	Total net realized gains (losses)
Net Realized Gains (Losses) On Fortitude Re funds Withheld Assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	988	1,744	$ (46)	$ 7,830
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Total net realized gains (losses)	Total net realized gains (losses)	Total net realized gains (losses)
Policyholder benefits and claims incurred
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	(5)	(5)	$ (5)	$ (19)
Change in the fair value of market risk benefits
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	(462)	(285)	(1,192)	(962)
Net investment income - excluding Fortitude Re funds withheld assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total		8
Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	(666)	(528)	(750)	(2,010)
Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	280	1,010	(41)	1,976
Equity contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	(438)	19	(513)	(107)
Commodity contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	(1)	4	7	(3)
Credit contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total		(3)	(1)	(4)
Other contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	16	42	49	73
Embedded derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ 1,855	$ 2,033	$ 51	$ 9,345

Insurance Liabilities - Narrati

Insurance Liabilities - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Jan. 20, 2017
Liability for Future Policy Benefit, by Product Segment [Line Items]
Contractual deductible recoverable amount	$ 12,800		$ 12,800		$ 12,100
Collateral held for deductible recoverable amounts	8,800		8,800		8,600
Liability for unpaid losses and loss adjustment expenses, allowance for credit losses	14		14		14
Prior years, excluding discount and amortization of deferred gain	246	$ 112	380	$ 537
Net loss reserve discount	1,313		$ 1,313		1,278
Tabular discount rate (as a percent)			45%
Workers compensation tabular discount amount	316		$ 316		314
Workers compensation non tabular discount amount	997		997		$ 964
Net loss reserve discount charge	(5)	(10)	$ (85)	(4)
New York
Liability for Future Policy Benefit, by Product Segment [Line Items]
Nontabular discount rate (as a percent)			5%
NICO
Liability for Future Policy Benefit, by Product Segment [Line Items]
Amortization of deferred gain on retroactive reinsurance	$ (36)	$ 18	$ 36	22
U.S. Run-Off Long Tail Insurance Lines | NICO | Accident Years 2015 and Prior
Liability for Future Policy Benefit, by Product Segment [Line Items]
Risk Transferred - U.S. Commercial long-tail exposures for accident years 2015 and prior (as a percent)						80%
Ceded to NICO percent of paid losses (as a percent)						80%
Ceded to NICO net paid losses in excess						$ 25,000
Ceded to NICO net paid losses in excess, aggregate limit						25,000
NICO's limit of liability under the contract						20,000
Consideration paid, including interest						$ 10,200
Term Life Insurance
Liability for Future Policy Benefit, by Product Segment [Line Items]
Increase in reserves			$ (1)	$ 11

Insurance Liabilities - Liabili

Insurance Liabilities - Liability for unpaid losses and loss adjustment expenses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Reconciliation of activity in the Liability for unpaid claims and claims adjustment expense:
Liability for unpaid loss and loss adjustment expenses, beginning of period	$ 70,284	$ 76,739	$ 75,167	$ 79,026
Reinsurance recoverable	(30,226)	(33,583)	(32,102)	(35,213)
Net Liability for unpaid loss and loss adjustment expenses, beginning of period	40,058	43,156	43,065	43,813
Losses and loss adjustment expenses incurred:
Current year	3,922	4,373	11,651	12,020
Prior years, excluding discount and amortization of deferred gain	(246)	(112)	(380)	(537)
Prior years, discount charge (benefit)	52	36	200	78
Prior years, amortization of deferred gain on retroactive reinsurance	27	(23)	(58)	(37)
Total losses and loss adjustment expenses incurred	3,755	4,274	11,413	11,524
Losses and loss adjustment expenses paid:
Current year	(1,190)	(1,132)	(2,360)	(2,289)
Prior years	(2,561)	(2,673)	(9,104)	(8,844)
Total losses and loss adjustment expenses paid	(3,751)	(3,805)	(11,464)	(11,133)
Other changes:
Foreign exchange effect	(583)	(1,031)	(211)	(1,827)
Losses and loss adjustment expenses recognized within gain on divestitures	316	0	316	0
Retroactive reinsurance adjustment (net of discount)	121	101	180	318
Reclassified to held for sale, net of reinsurance recoverables	(159)	0	(3,542)	0
Total other changes	(305)	(930)	(3,257)	(1,509)
Net liability for unpaid losses and loss adjustment expenses	39,757	42,695	39,757	42,695
Reinsurance recoverable(c)	30,066	32,824	30,066	32,824
Total	69,823	75,519	69,823	75,519
Change in discount on loss reserves ceded under retroactive reinsurance	24	17	120	74
Reclassified to Assets
Other changes:
Reinsurance recoverable(c)		1,500		1,500
National Indemnity Company
Losses and loss adjustment expenses incurred:
Prior years, amortization of deferred gain on retroactive reinsurance	$ 9	$ 5	$ 22	$ 15

Insurance Liabilities - Discoun

Insurance Liabilities - Discounting of reserves (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Discounting of Reserves [Line Items]
U.S. workers' compensation	$ 2,447,000,000		$ 2,532,000,000
Retroactive reinsurance	(1,134,000,000)		(1,254,000,000)
Total reserve discount	1,313,000,000		1,278,000,000
Fortitude RE
Discounting of Reserves [Line Items]
Total reserve discount	$ 740,000,000		763,000,000
Discount ceded on sale (as a percent)	100%	100%
United Kingdom
Discounting of Reserves [Line Items]
Total reserve discount	$ 150,000,000		$ 135,000,000

Insurance Liabilities - Net los

Insurance Liabilities - Net loss reserve discount benefit (charge) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net Loss Reserve Discount Benefit (Charge) [Line Items]
Current accident year	$ 47	$ 26	$ 115	$ 74
Accretion and other adjustments to prior year discount	(52)	(36)	(200)	(78)
Net reserve discount benefit (charge)	(5)	(10)	(85)	(4)
Change in discount on loss reserves ceded under retroactive reinsurance	24	17	120	74
Net change in total reserve discount	19	7	35	70
United Kingdom
Net Loss Reserve Discount Benefit (Charge) [Line Items]
Net change in total reserve discount	$ 7	$ 20	$ 15	$ 15

Insurance Liabilities - Future

Insurance Liabilities - Future Policy Benefits (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for future policy benefits	$ 53,596	$ 57,886	$ 52,679	$ 70,643	$ 56,369
Adjustments		138		134
Fortitude RE
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for future policy benefits					11,000
Long-Duration Insurance Contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					1,769
Deferred profit liability					1,698
Unexpired Risk Reserve
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					1,795
Deferred profit liability					248
Individual Retirement
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for future policy benefits	1,256	1,223	1,175	1,373	1,322
Adjustments		0		0
Individual Retirement | Long-Duration Insurance Contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					67
Deferred profit liability					65
Group Retirement
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for future policy benefits	207	211	210	264	279
Adjustments		0		0
Group Retirement | Long-Duration Insurance Contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					8
Deferred profit liability					8
Life Insurance
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for future policy benefits	16,259	21,179	20,297	27,442	14,125
Adjustments		62		140
Life Insurance | Long-Duration Insurance Contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					5
Deferred profit liability					0
Life Insurance | Unexpired Risk Reserve
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					1,661
Deferred profit liability					248
Institutional Markets
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for future policy benefits	14,826	12,464	10,900	13,890	11,630
Adjustments		0		(6)
Institutional Markets | Long-Duration Insurance Contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					830
Deferred profit liability					766
Institutional Markets | Unexpired Risk Reserve
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					2
Deferred profit liability					0
Other Operations before consolidation and eliminations
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for future policy benefits	$ 18,999	20,429	$ 20,097	27,674	29,013
Adjustments		$ 76		$ 0
Other Operations before consolidation and eliminations | Long-Duration Insurance Contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					859
Deferred profit liability					859
Other Operations before consolidation and eliminations | Unexpired Risk Reserve
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					132
Deferred profit liability					0
Other Operations before consolidation and eliminations | Unexpired Risk Reserve | Fortitude RE
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					2,000
As Previously Reported
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for future policy benefits					45,955
As Previously Reported | Long-Duration Insurance Contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					71
As Previously Reported | Unexpired Risk Reserve
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					1,547
As Previously Reported | Individual Retirement
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for future policy benefits					1,309
As Previously Reported | Individual Retirement | Long-Duration Insurance Contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					2
As Previously Reported | Group Retirement
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for future policy benefits					282
As Previously Reported | Group Retirement | Long-Duration Insurance Contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					0
As Previously Reported | Life Insurance
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for future policy benefits					11,129
As Previously Reported | Life Insurance | Long-Duration Insurance Contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					5
As Previously Reported | Life Insurance | Unexpired Risk Reserve
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					1,413
As Previously Reported | Institutional Markets
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for future policy benefits					11,029
As Previously Reported | Institutional Markets | Long-Duration Insurance Contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					64
As Previously Reported | Institutional Markets | Unexpired Risk Reserve
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					2
As Previously Reported | Other Operations before consolidation and eliminations
Liability for Future Policy Benefit, by Product Segment [Line Items]
Liability for future policy benefits					22,206
As Previously Reported | Other Operations before consolidation and eliminations | Long-Duration Insurance Contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					0
As Previously Reported | Other Operations before consolidation and eliminations | Unexpired Risk Reserve
Liability for Future Policy Benefit, by Product Segment [Line Items]
Deferred profit liability before reinsurance					132
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Change In Deferred Profit Liability
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					(1,698)
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Change In Deferred Profit Liability | Individual Retirement
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					(65)
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Change In Deferred Profit Liability | Group Retirement
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					(8)
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Change In Deferred Profit Liability | Life Insurance
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					0
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Change In Deferred Profit Liability | Institutional Markets
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					(766)
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Change In Deferred Profit Liability | Other Operations before consolidation and eliminations
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					(859)
Effect Of Application Of Accounting Standards Update 2018-12, Adjustments For Loss Contracts Under Modified Retrospective Approach
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					62
Effect Of Application Of Accounting Standards Update 2018-12, Adjustments For Loss Contracts Under Modified Retrospective Approach | Individual Retirement
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					(14)
Effect Of Application Of Accounting Standards Update 2018-12, Adjustments For Loss Contracts Under Modified Retrospective Approach | Group Retirement
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					2
Effect Of Application Of Accounting Standards Update 2018-12, Adjustments For Loss Contracts Under Modified Retrospective Approach | Life Insurance
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					15
Effect Of Application Of Accounting Standards Update 2018-12, Adjustments For Loss Contracts Under Modified Retrospective Approach | Institutional Markets
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					4
Effect Of Application Of Accounting Standards Update 2018-12, Adjustments For Loss Contracts Under Modified Retrospective Approach | Other Operations before consolidation and eliminations
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					55
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Remeasurement Of Liability At Current Single A Rate
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					12,462
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Remeasurement Of Liability At Current Single A Rate | Individual Retirement
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					156
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Remeasurement Of Liability At Current Single A Rate | Group Retirement
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					63
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Remeasurement Of Liability At Current Single A Rate | Life Insurance
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					2,977
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Remeasurement Of Liability At Current Single A Rate | Institutional Markets
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					1,655
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Remeasurement Of Liability At Current Single A Rate | Other Operations before consolidation and eliminations
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					7,611
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Adjustments To The Removal Of Loss Recognition Balances Related To Securities
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					(412)
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Adjustments To The Removal Of Loss Recognition Balances Related To Securities | Individual Retirement
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					(64)
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Adjustments To The Removal Of Loss Recognition Balances Related To Securities | Group Retirement
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					(60)
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Adjustments To The Removal Of Loss Recognition Balances Related To Securities | Life Insurance
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					4
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Adjustments To The Removal Of Loss Recognition Balances Related To Securities | Institutional Markets
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					(292)
Effect Of Application Of Accounting Standards Update 2018-12, Effect Of Adjustments To The Removal Of Loss Recognition Balances Related To Securities | Other Operations before consolidation and eliminations
Liability for Future Policy Benefit, by Product Segment [Line Items]
Adjustments					$ 0

Insurance Liabilities - Balance

Insurance Liabilities - Balances of changes in liability for future policy benefits (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Jan. 01, 2021
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, beginning of year	$ 14,574	$ 15,643
Effect of changes in discount rate assumptions (AOCI)	2,200	(856)
Beginning balance at original discount rate	16,774	14,787
Effect of changes in cash flow assumptions			$ 55	$ 123
Effect of actual variances from expected experience			8	(14)
Adjusted beginning of year balance	16,837	14,896
Issuances	1,086	1,050
Interest accrual	381	334
Net premium collected	(1,343)	(1,153)
Foreign exchange impact	(18)	(854)
Other	(55)	(1)
Ending balance at original discount rate	16,888	14,272
Effect of changes in discount rate assumptions (AOCI)	(2,648)	(2,191)
Reclassified to Liabilities held for sale	(3,784)
Balance, end of period	10,456	12,081
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	57,886	70,643
Effect of changes in discount rate assumptions (AOCI)	7,672	(9,401)
Beginning balance at original discount rate	65,558	61,242
Adjustments			138	134
Effect of actual variances from expected experience			51	(77)
Adjusted beginning of year balance	65,747	61,299
Issuances	4,746	2,735
Interest accrual	2,000	1,815
Benefit payments	(3,660)	(3,141)
Foreign exchange impact	9	(1,648)
Other	(84)	(13)
Ending balance at original discount rate	68,758	61,047
Effect of changes in discount rate assumptions (AOCI)	(10,810)	(8,368)
Reclassified to Liabilities held for sale	(4,352)
Ending balance	53,596	52,679
Net liability for future policy benefits, end of period	43,140	40,598
Liability for future policy benefits for certain participating contracts	1,321	1,363
Liability for universal life policies with secondary guarantees and similar features	3,278	3,232
Deferred profit liability	2,401	2,164
Other reconciling items	1,526	1,980
Future policy benefits for life and accident and health insurance contracts	51,666	49,337	51,914		$ 67,364
Less: Reinsurance recoverable:	(21,833)	(24,307)
Net liability for future policy benefits after reinsurance recoverable	29,833	25,030
Individual Retirement
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, beginning of year	0	0
Effect of changes in discount rate assumptions (AOCI)	0	0
Beginning balance at original discount rate	0	0
Effect of changes in cash flow assumptions			0	0
Effect of actual variances from expected experience			0	0
Adjusted beginning of year balance	0	0
Issuances	0	0
Interest accrual	0	0
Net premium collected	0	0
Foreign exchange impact	0	0
Other	0	0
Ending balance at original discount rate	0	0
Effect of changes in discount rate assumptions (AOCI)	0	0
Reclassified to Liabilities held for sale	0
Balance, end of period	0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	1,223	1,373
Effect of changes in discount rate assumptions (AOCI)	167	(95)
Beginning balance at original discount rate	1,390	1,278
Adjustments			0	0
Effect of actual variances from expected experience			(1)	(16)
Adjusted beginning of year balance	1,389	1,262
Issuances	141	156
Interest accrual	38	31
Benefit payments	(95)	(86)
Foreign exchange impact	0	0
Other	0	0
Ending balance at original discount rate	1,473	1,363
Effect of changes in discount rate assumptions (AOCI)	(217)	(188)
Reclassified to Liabilities held for sale	0
Ending balance	1,256	1,175
Net liability for future policy benefits, end of period	$ 1,256	$ 1,175
Weighted average liability duration of the liability for future policy benefits (in years)	7 years 4 months 24 days	7 years 4 months 24 days
Group Retirement
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, beginning of year	$ 0	$ 0
Effect of changes in discount rate assumptions (AOCI)	0	0
Beginning balance at original discount rate	0	0
Effect of changes in cash flow assumptions			0	0
Effect of actual variances from expected experience			0	0
Adjusted beginning of year balance	0	0
Issuances	0	0
Interest accrual	0	0
Net premium collected	0	0
Foreign exchange impact	0	0
Other	0	0
Ending balance at original discount rate	0	0
Effect of changes in discount rate assumptions (AOCI)	0	0
Reclassified to Liabilities held for sale	0
Balance, end of period	0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	211	264
Effect of changes in discount rate assumptions (AOCI)	2	(46)
Beginning balance at original discount rate	213	218
Adjustments			0	0
Effect of actual variances from expected experience			(1)	(2)
Adjusted beginning of year balance	212	216
Issuances	16	9
Interest accrual	8	7
Benefit payments	(20)	(18)
Foreign exchange impact	0	0
Other	0	0
Ending balance at original discount rate	216	214
Effect of changes in discount rate assumptions (AOCI)	(9)	(4)
Reclassified to Liabilities held for sale	0
Ending balance	207	210
Net liability for future policy benefits, end of period	$ 207	$ 210
Weighted average liability duration of the liability for future policy benefits (in years)	6 years 7 months 6 days	6 years 9 months 18 days
Life Insurance
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, beginning of year	$ 11,654	$ 14,369
Effect of changes in discount rate assumptions (AOCI)	1,872	(706)
Beginning balance at original discount rate	13,526	13,663
Effect of changes in cash flow assumptions			34	123
Effect of actual variances from expected experience			36	(19)
Adjusted beginning of year balance	13,596	13,767
Issuances	986	1,050
Interest accrual	325	297
Net premium collected	(1,093)	(1,060)
Foreign exchange impact	44	(854)
Other	11	(1)
Ending balance at original discount rate	13,869	13,199
Effect of changes in discount rate assumptions (AOCI)	(2,199)	(2,111)
Reclassified to Liabilities held for sale	3,784
Balance, end of period	7,886	11,088
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	21,179	27,442
Effect of changes in discount rate assumptions (AOCI)	3,424	(2,717)
Beginning balance at original discount rate	24,603	24,725
Adjustments			62	140
Effect of actual variances from expected experience			85	(24)
Adjusted beginning of year balance	24,750	24,841
Issuances	978	1,055
Interest accrual	679	657
Benefit payments	(1,461)	(1,317)
Foreign exchange impact	54	(1,093)
Other	8	(2)
Ending balance at original discount rate	25,008	24,141
Effect of changes in discount rate assumptions (AOCI)	(4,397)	(3,844)
Reclassified to Liabilities held for sale	4,352
Ending balance	16,259	20,297
Net liability for future policy benefits, end of period	$ 8,373	$ 9,209
Weighted average liability duration of the liability for future policy benefits (in years)	11 years 10 months 24 days	11 years 10 months 24 days
Institutional Markets
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, beginning of year	$ 0	$ 0
Effect of changes in discount rate assumptions (AOCI)	0	0
Beginning balance at original discount rate	0	0
Effect of changes in cash flow assumptions			0	0
Effect of actual variances from expected experience			0	0
Adjusted beginning of year balance	0	0
Issuances	0	0
Interest accrual	0	0
Net premium collected	0	0
Foreign exchange impact	0	0
Other	0	0
Ending balance at original discount rate	0	0
Effect of changes in discount rate assumptions (AOCI)	0	0
Reclassified to Liabilities held for sale	0
Balance, end of period	0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	12,464	13,890
Effect of changes in discount rate assumptions (AOCI)	2,634	(870)
Beginning balance at original discount rate	15,098	13,020
Adjustments			0	(6)
Effect of actual variances from expected experience			21	(11)
Adjusted beginning of year balance	15,119	13,003
Issuances	3,503	1,507
Interest accrual	478	333
Benefit payments	(810)	(602)
Foreign exchange impact	48	(555)
Other	0	0
Ending balance at original discount rate	18,338	13,686
Effect of changes in discount rate assumptions (AOCI)	(3,512)	(2,786)
Reclassified to Liabilities held for sale	0
Ending balance	14,826	10,900
Net liability for future policy benefits, end of period	$ 14,826	$ 10,900
Weighted average liability duration of the liability for future policy benefits (in years)	10 years 10 months 24 days	10 years 1 month 6 days
Other Operations before consolidation and eliminations
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, beginning of year	$ 991	$ 1,274
Effect of changes in discount rate assumptions (AOCI)	66	(150)
Beginning balance at original discount rate	1,057	1,124
Effect of changes in cash flow assumptions			21	0
Effect of actual variances from expected experience			16	5
Adjusted beginning of year balance	1,094	1,129
Issuances	0	0
Interest accrual	34	37
Net premium collected	(90)	(93)
Foreign exchange impact	0	0
Other	(3)	0
Ending balance at original discount rate	1,035	1,073
Effect of changes in discount rate assumptions (AOCI)	(95)	(80)
Reclassified to Liabilities held for sale	0
Balance, end of period	940	993
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	20,429	27,674
Effect of changes in discount rate assumptions (AOCI)	1,083	(5,673)
Beginning balance at original discount rate	21,512	22,001
Adjustments			76	0
Effect of actual variances from expected experience			(10)	$ (24)
Adjusted beginning of year balance	21,578	21,977
Issuances	4	8
Interest accrual	770	787
Benefit payments	(1,121)	(1,118)
Foreign exchange impact	0	0
Other	(18)	(11)
Ending balance at original discount rate	21,213	21,643
Effect of changes in discount rate assumptions (AOCI)	(2,214)	(1,546)
Reclassified to Liabilities held for sale	0
Ending balance	18,999	20,097
Net liability for future policy benefits, end of period	$ 18,059	$ 19,104
Weighted average liability duration of the liability for future policy benefits (in years)	10 years 9 months 18 days	11 years 2 months 12 days
General Insurance
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, beginning of year	$ 1,929
Effect of changes in discount rate assumptions (AOCI)	262
Beginning balance at original discount rate	2,191
Effect of changes in cash flow assumptions			0
Effect of actual variances from expected experience			(44)
Adjusted beginning of year balance	2,147
Issuances	100
Interest accrual	22
Net premium collected	(160)
Foreign exchange impact	(62)
Other	(63)
Ending balance at original discount rate	1,984
Effect of changes in discount rate assumptions (AOCI)	(354)
Reclassified to Liabilities held for sale	0
Balance, end of period	1,630
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	2,380
Effect of changes in discount rate assumptions (AOCI)	362
Beginning balance at original discount rate	2,742
Adjustments			0
Effect of actual variances from expected experience			$ (43)
Adjusted beginning of year balance	2,699
Issuances	104
Interest accrual	27
Benefit payments	(153)
Foreign exchange impact	(93)
Other	(74)
Ending balance at original discount rate	2,510
Effect of changes in discount rate assumptions (AOCI)	(461)
Reclassified to Liabilities held for sale	0
Ending balance	2,049
Net liability for future policy benefits, end of period	$ 419
Weighted average liability duration of the liability for future policy benefits (in years)	9 years 6 months

Insurance Liabilities - Expecte

Insurance Liabilities - Expected future benefits, expenses, and gross premiums (Details) - USD ($) $ in Millions	Sep. 30, 2023	Sep. 30, 2022
General Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Undiscounted expected future benefits and expense	$ 3,099	$ 3,141
Undiscounted expected future gross premiums	4,275	4,112
Discounted expected future gross premiums (at current discount rate)	2,963	3,188
Individual Retirement
Liability for Future Policy Benefit, Activity [Line Items]
Undiscounted expected future benefits and expense	2,119	1,889
Undiscounted expected future gross premiums	0	0
Discounted expected future gross premiums (at current discount rate)	0	0
Group Retirement
Liability for Future Policy Benefit, Activity [Line Items]
Undiscounted expected future benefits and expense	315	324
Undiscounted expected future gross premiums	0	0
Discounted expected future gross premiums (at current discount rate)	0	0
Life Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Undiscounted expected future benefits and expense	39,763	38,238
Undiscounted expected future gross premiums	29,789	28,584
Discounted expected future gross premiums (at current discount rate)	18,596	17,965
Institutional Markets
Liability for Future Policy Benefit, Activity [Line Items]
Undiscounted expected future benefits and expense	33,025	21,866
Undiscounted expected future gross premiums	0	0
Discounted expected future gross premiums (at current discount rate)	0	0
Other Operations
Liability for Future Policy Benefit, Activity [Line Items]
Undiscounted expected future benefits and expense	43,250	44,919
Undiscounted expected future gross premiums	2,141	2,305
Discounted expected future gross premiums (at current discount rate)	$ 1,372	$ 1,481

Insurance Liabilities - Income

Insurance Liabilities - Income statement information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	$ 6,169	$ 3,998
Interest accretion	1,619	1,485
Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	886	951
Interest accretion	97	96
General Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	338	345
Interest accretion	5	4
Individual Retirement
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	164	160
Interest accretion	38	31
Group Retirement
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	16	16
Interest accretion	8	7
Life Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	1,781	1,751
Interest accretion	354	360
Life Insurance | Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	855	922
Interest accretion	95	94
Institutional Markets
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	3,709	1,558
Interest accretion	478	333
Other Operations before consolidation and eliminations | Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	31	29
Interest accretion	2	2
Legacy Insurance Lines Segment
Liability for Future Policy Benefit, Activity [Line Items]
Gross premiums	161	168
Interest accretion	$ 736	$ 750

Insurance Liabilities - Weighte

Insurance Liabilities - Weighted-average interest rates (Details)	Sep. 30, 2023	Sep. 30, 2022
General Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rate, original discount rate	1.84%	1.70%
Weighted-average interest rate, current discount rate	3.92%	2.85%
Individual Retirement
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rate, original discount rate	3.75%	3.42%
Weighted-average interest rate, current discount rate	5.92%	5.52%
Group Retirement
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rate, original discount rate	5.15%	5.20%
Weighted-average interest rate, current discount rate	5.90%	5.50%
Life Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rate, original discount rate	4.14%	4.13%
Weighted-average interest rate, current discount rate	5.92%	5.56%
Life Insurance | Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rate, current discount rate	3.94%	3.75%
Institutional Markets
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rate, original discount rate	3.97%	3.41%
Weighted-average interest rate, current discount rate	5.87%	5.56%
Other Operations before consolidation and eliminations
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rate, original discount rate	4.87%	4.89%
Weighted-average interest rate, current discount rate	5.94%	5.57%
Other Operations before consolidation and eliminations | Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rate, current discount rate	4.20%	4.20%

Insurance Liabilities - Schedul

Insurance Liabilities - Schedule of liabilities by product (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts	$ 51,666	$ 49,337	$ 51,914		$ 67,364
Effect of changes in cash flow assumptions			55	$ 123
Effect of actual variances from expected experience			8	(14)
Adjusted beginning of year balance			16,837	14,896
Issuances	1,086	1,050
Interest accrual	381	334
Other	(55)	(1)
Less: Reinsurance recoverable:	(21,833)	(24,307)
Net liability for future policy benefits after reinsurance recoverable	29,833	25,030
As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts			59,223		$ 56,878
Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts	3,278	3,232	3,355	5,007		$ 5,172
Effect of changes in cash flow assumptions			(41)	(24)
Effect of actual variances from expected experience			171	242
Adjusted beginning of year balance			3,485	5,225
Assessments	519	529
Excess benefits paid	(681)	(697)
Interest accrual	97	96
Other	20	(14)
Changes related to unrealized appreciation (depreciation) of investments	(162)	(1,907)
Less: Reinsurance recoverable:	(162)	(214)
Net liability for future policy benefits after reinsurance recoverable	3,116	3,018
Universal Life | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						6,816
Universal Life | Effect Of Application Of Accounting Standards Update 2018-12, Adjustments To Market Risk Benefits
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						(1,039)
Universal Life | Effect Of Application Of Accounting Standards Update 2018-12, Adjustments To Reclass URGL Impacts To Market Risk Benefits
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						(605)
Life Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in cash flow assumptions			34	123
Effect of actual variances from expected experience			36	(19)
Adjusted beginning of year balance			13,596	13,767
Issuances	986	1,050
Interest accrual	325	297
Other	$ 11	$ (1)
Weighted average liability duration of the liability for future policy benefits (in years)	11 years 10 months 24 days	11 years 10 months 24 days
Life Insurance | Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts	$ 3,223	$ 3,177	3,300	4,952		5,117
Effect of changes in cash flow assumptions			(41)	(24)
Effect of actual variances from expected experience			174	245
Adjusted beginning of year balance			3,433	5,173
Assessments	518	528
Excess benefits paid	(681)	(697)
Interest accrual	95	94
Other	20	(14)
Changes related to unrealized appreciation (depreciation) of investments	(162)	(1,907)
Less: Reinsurance recoverable:	(162)	(214)
Net liability for future policy benefits after reinsurance recoverable	$ 3,061	$ 2,963
Weighted average liability duration of the liability for future policy benefits (in years)	25 years 4 months 24 days	26 years 9 months 18 days
Life Insurance | Universal Life | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						5,117
Life Insurance | Universal Life | Effect Of Application Of Accounting Standards Update 2018-12, Adjustments To Market Risk Benefits
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						0
Life Insurance | Universal Life | Effect Of Application Of Accounting Standards Update 2018-12, Adjustments To Reclass URGL Impacts To Market Risk Benefits
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						0
Individual Retirement
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in cash flow assumptions			0	0
Effect of actual variances from expected experience			0	0
Adjusted beginning of year balance			0	0
Issuances	$ 0	$ 0
Interest accrual	0	0
Other	$ 0	$ 0
Weighted average liability duration of the liability for future policy benefits (in years)	7 years 4 months 24 days	7 years 4 months 24 days
Individual Retirement | Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						0
Individual Retirement | Universal Life | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						1,423
Individual Retirement | Universal Life | Effect Of Application Of Accounting Standards Update 2018-12, Adjustments To Market Risk Benefits
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						(907)
Individual Retirement | Universal Life | Effect Of Application Of Accounting Standards Update 2018-12, Adjustments To Reclass URGL Impacts To Market Risk Benefits
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						(516)
Group Retirement
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in cash flow assumptions			0	0
Effect of actual variances from expected experience			0	0
Adjusted beginning of year balance			0	0
Issuances	$ 0	$ 0
Interest accrual	0	0
Other	$ 0	$ 0
Weighted average liability duration of the liability for future policy benefits (in years)	6 years 7 months 6 days	6 years 9 months 18 days
Group Retirement | Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						0
Group Retirement | Universal Life | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						221
Group Retirement | Universal Life | Effect Of Application Of Accounting Standards Update 2018-12, Adjustments To Market Risk Benefits
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						(132)
Group Retirement | Universal Life | Effect Of Application Of Accounting Standards Update 2018-12, Adjustments To Reclass URGL Impacts To Market Risk Benefits
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						(89)
Institutional Markets | Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						0
Institutional Markets | Universal Life | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						0
Institutional Markets | Universal Life | Effect Of Application Of Accounting Standards Update 2018-12, Adjustments To Market Risk Benefits
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						0
Institutional Markets | Universal Life | Effect Of Application Of Accounting Standards Update 2018-12, Adjustments To Reclass URGL Impacts To Market Risk Benefits
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						0
Other Operations before consolidation and eliminations
Liability for Future Policy Benefit, Activity [Line Items]
Effect of changes in cash flow assumptions			21	0
Effect of actual variances from expected experience			16	5
Adjusted beginning of year balance			1,094	1,129
Issuances	$ 0	$ 0
Interest accrual	34	37
Other	$ (3)	$ 0
Weighted average liability duration of the liability for future policy benefits (in years)	10 years 9 months 18 days	11 years 2 months 12 days
Other Operations before consolidation and eliminations | Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts	$ 55	$ 55	55	55		55
Effect of actual variances from expected experience			(3)	(3)
Adjusted beginning of year balance			$ 52	$ 52
Assessments	1	1
Excess benefits paid	0	0
Interest accrual	2	2
Other	0	0
Changes related to unrealized appreciation (depreciation) of investments	0	0
Less: Reinsurance recoverable:	0	0
Net liability for future policy benefits after reinsurance recoverable	$ 55	$ 55
Weighted average liability duration of the liability for future policy benefits (in years)	9 years 3 months 18 days	9 years 7 months 6 days
Other Operations before consolidation and eliminations | Universal Life | As Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						55
Other Operations before consolidation and eliminations | Universal Life | Effect Of Application Of Accounting Standards Update 2018-12, Adjustments To Market Risk Benefits
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						0
Other Operations before consolidation and eliminations | Universal Life | Effect Of Application Of Accounting Standards Update 2018-12, Adjustments To Reclass URGL Impacts To Market Risk Benefits
Liability for Future Policy Benefit, Activity [Line Items]
Future policy benefits for life and accident and health insurance contracts						$ 0

Insurance Liabilities - Summary

Insurance Liabilities - Summary of separate accounts (Details) - Universal Life - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Account value	$ 3,654		$ 3,462
Net amount at risk	$ 71,497		$ 68,350
Average attained age of contract holders by product	53 years	53 years

Insurance Liabilities - Adjustm

Insurance Liabilities - Adjustments to Policyholder Contract Deposits (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Policyholder Account Balance [Line Items]
Policyholder contract deposits	$ 162,474	$ 158,494	$ 157,858	$ 152,809	$ 148,422
Individual Retirement
Policyholder Account Balance [Line Items]
Policyholder contract deposits	92,536	89,554	88,572	84,097	79,203
Group Retirement
Policyholder Account Balance [Line Items]
Policyholder contract deposits	41,913	43,395	43,850	43,902	43,229
Life Insurance
Policyholder Account Balance [Line Items]
Policyholder contract deposits	10,190	10,224	10,209	10,183	10,286
Institutional Markets
Policyholder Account Balance [Line Items]
Policyholder contract deposits	14,443	11,734	11,596	10,804	11,559
Other Operations before consolidation and eliminations
Policyholder Account Balance [Line Items]
Policyholder contract deposits	$ 3,392	$ 3,587	$ 3,631	$ 3,823	4,145
Other Operations
Policyholder Account Balance [Line Items]
Policyholder contract deposits					(199)
As Previously Reported
Policyholder Account Balance [Line Items]
Policyholder contract deposits					154,669
As Previously Reported | Individual Retirement
Policyholder Account Balance [Line Items]
Policyholder contract deposits					84,874
As Previously Reported | Group Retirement
Policyholder Account Balance [Line Items]
Policyholder contract deposits					43,805
As Previously Reported | Life Insurance
Policyholder Account Balance [Line Items]
Policyholder contract deposits					10,286
As Previously Reported | Institutional Markets
Policyholder Account Balance [Line Items]
Policyholder contract deposits					11,559
As Previously Reported | Other Operations before consolidation and eliminations
Policyholder Account Balance [Line Items]
Policyholder contract deposits					4,145
Adjustment for the reclassification of the embedded derivative liability to market risk benefits, net of the host adjustment(s)
Policyholder Account Balance [Line Items]
Policyholder contract deposits					(6,247)
Adjustment for the reclassification of the embedded derivative liability to market risk benefits, net of the host adjustment(s) | Individual Retirement
Policyholder Account Balance [Line Items]
Policyholder contract deposits					(5,671)
Adjustment for the reclassification of the embedded derivative liability to market risk benefits, net of the host adjustment(s) | Group Retirement
Policyholder Account Balance [Line Items]
Policyholder contract deposits					(576)
Adjustment for the reclassification of the embedded derivative liability to market risk benefits, net of the host adjustment(s) | Life Insurance
Policyholder Account Balance [Line Items]
Policyholder contract deposits					0
Adjustment for the reclassification of the embedded derivative liability to market risk benefits, net of the host adjustment(s) | Institutional Markets
Policyholder Account Balance [Line Items]
Policyholder contract deposits					0
Adjustment for the reclassification of the embedded derivative liability to market risk benefits, net of the host adjustment(s) | Other Operations before consolidation and eliminations
Policyholder Account Balance [Line Items]
Policyholder contract deposits					$ 0

Insurance Liabilities - Policyh

Insurance Liabilities - Policyholder contract deposit (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Jan. 01, 2021
Policyholder Account Balance [Roll Forward]
Policyholder contract deposits account balance, beginning of year	$ 158,494	$ 152,809
Issuances	21,780	17,542
Policy charges	(2,260)	(2,263)
Surrenders and withdrawals	(17,081)	(10,632)
Benefit payments	(6,595)	(5,536)
Net transfers from (to) separate account	5,039	3,290
Interest credited	3,102	2,694
Other	(5)	(46)
Policyholder Contract Deposits Account Balance, end of period	162,474	157,858
Other reconciling items	(2,737)	(3,006)
Legacy insurance lines ceded to Fortitude Re	159,737	154,852	$ 155,984	$ 148,223
Cash surrender value(c)	139,889	138,425
Individual Retirement
Policyholder Account Balance [Roll Forward]
Policyholder contract deposits account balance, beginning of year	89,554	84,097
Issuances	12,885	11,359
Policy charges	(661)	(631)
Surrenders and withdrawals	(10,310)	(6,232)
Benefit payments	(2,984)	(2,872)
Net transfers from (to) separate account	2,577	1,606
Interest credited	1,482	1,242
Other	(7)	3
Policyholder Contract Deposits Account Balance, end of period	92,536	88,572
Other reconciling items	(2,280)	(2,372)
Legacy insurance lines ceded to Fortitude Re	$ 90,256	$ 86,200
Weighted average crediting rate	2.65%	2.40%
Cash surrender value(c)	$ 85,644	$ 82,151
Group Retirement
Policyholder Account Balance [Roll Forward]
Policyholder contract deposits account balance, beginning of year	43,395	43,902
Issuances	3,943	3,599
Policy charges	(359)	(356)
Surrenders and withdrawals	(6,010)	(4,146)
Benefit payments	(1,801)	(1,634)
Net transfers from (to) separate account	1,896	1,659
Interest credited	843	825
Other	6	1
Policyholder Contract Deposits Account Balance, end of period	41,913	43,850
Other reconciling items	(327)	(356)
Legacy insurance lines ceded to Fortitude Re	$ 41,586	$ 43,494
Weighted average crediting rate	2.88%	2.74%
Cash surrender value(c)	$ 40,928	$ 42,970
Life Insurance
Policyholder Account Balance [Roll Forward]
Policyholder contract deposits account balance, beginning of year	10,224	10,183
Issuances	1,211	1,252
Policy charges	(1,143)	(1,175)
Surrenders and withdrawals	(194)	(162)
Benefit payments	(222)	(164)
Net transfers from (to) separate account	1	(1)
Interest credited	297	286
Other	16	(10)
Policyholder Contract Deposits Account Balance, end of period	10,190	10,209
Other reconciling items	11	(125)
Legacy insurance lines ceded to Fortitude Re	$ 10,201	$ 10,084
Weighted average crediting rate	4.37%	4.28%
Cash surrender value(c)	$ 9,008	$ 8,948
Institutional Markets
Policyholder Account Balance [Roll Forward]
Policyholder contract deposits account balance, beginning of year	11,734	10,804
Issuances	3,707	1,296
Policy charges	(50)	(52)
Surrenders and withdrawals	(502)	(44)
Benefit payments	(1,355)	(593)
Net transfers from (to) separate account	565	26
Interest credited	353	207
Other	(9)	(48)
Policyholder Contract Deposits Account Balance, end of period	14,443	11,596
Other reconciling items	(20)	(33)
Legacy insurance lines ceded to Fortitude Re	$ 14,423	$ 11,563
Weighted average crediting rate	3.66%	2.49%
Cash surrender value(c)	$ 2,577	$ 2,532
Other Operations before consolidation and eliminations
Policyholder Account Balance [Roll Forward]
Policyholder contract deposits account balance, beginning of year	3,587	3,823
Issuances	34	36
Policy charges	(47)	(49)
Surrenders and withdrawals	(65)	(48)
Benefit payments	(233)	(273)
Net transfers from (to) separate account	0	0
Interest credited	127	134
Other	(11)	8
Policyholder Contract Deposits Account Balance, end of period	3,392	3,631
Other reconciling items	(121)	(120)
Legacy insurance lines ceded to Fortitude Re	$ 3,271	$ 3,511
Weighted average crediting rate	4.99%	4.91%
Cash surrender value(c)	$ 1,732	$ 1,824
Other Operations
Policyholder Account Balance [Roll Forward]
Other reconciling items	$ 121	$ 122

Insurance Liabilities - Account

Insurance Liabilities - Account balances by guaranteed minimum interest rates (Details) - USD ($) $ in Millions	Sep. 30, 2023	Sep. 30, 2022
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 100,523	$ 103,343
Account balance percentage	100%	100%
At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 57,036	$ 69,102
Account balance percentage	56%	67%
1 Basis Point - 50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 7,773	$ 4,613
Account balance percentage	8%	4%
More than 50 Basis Points Above Minimum Guarantee
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 35,714	$ 29,628
Account balance percentage	36%	29%
Individual Retirement
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 55,920	$ 56,665
Individual Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range Less Than 1%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	33,430	32,256
Individual Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 1% To 2%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	5,871	6,245
Individual Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 2% To 3%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	9,234	9,807
Individual Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 3% To 4%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	6,907	7,851
Individual Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 4% To 5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	443	469
Individual Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 5% To 5.5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	35	37
Individual Retirement | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	26,417	32,175
Individual Retirement | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range Less Than 1%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	6,741	9,822
Individual Retirement | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 1% To 2%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	3,940	4,261
Individual Retirement | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 2% To 3%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	8,401	9,790
Individual Retirement | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 3% To 4%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	6,864	7,805
Individual Retirement | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 4% To 5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	439	464
Individual Retirement | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 5% To 5.5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	32	33
Individual Retirement | 1 Basis Point - 50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder Account Balance	2,304	1,720
Individual Retirement | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range Less Than 1%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	2,234	1,656
Individual Retirement | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 1% To 2%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	22	24
Individual Retirement | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 2% To 3%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	11	0
Individual Retirement | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 3% To 4%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	37	40
Individual Retirement | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 4% To 5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0
Individual Retirement | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 5% To 5.5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0
Individual Retirement | More than 50 Basis Points Above Minimum Guarantee
Policyholder Account Balance [Line Items]
Policyholder Account Balance	27,199	22,770
Individual Retirement | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range Less Than 1%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	24,455	20,778
Individual Retirement | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 1% To 2%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,909	1,960
Individual Retirement | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 2% To 3%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	822	17
Individual Retirement | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 3% To 4%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	6	6
Individual Retirement | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 4% To 5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	4	5
Individual Retirement | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 5% To 5.5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	3	4
Group Retirement
Policyholder Account Balance [Line Items]
Policyholder Account Balance	37,372	39,242
Group Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range Less Than 1%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	10,968	10,518
Group Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 1% To 2%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	5,888	6,484
Group Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 2% To 3%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	12,952	14,448
Group Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 3% To 4%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	641	690
Group Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 4% To 5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	6,773	6,943
Group Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 5% To 5.5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	150	159
Group Retirement | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	26,335	31,990
Group Retirement | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range Less Than 1%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	2,197	3,726
Group Retirement | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 1% To 2%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	3,874	6,024
Group Retirement | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 2% To 3%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	12,700	14,448
Group Retirement | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 3% To 4%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	641	690
Group Retirement | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 4% To 5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	6,773	6,943
Group Retirement | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 5% To 5.5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	150	159
Group Retirement | 1 Basis Point - 50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder Account Balance	3,973	2,051
Group Retirement | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range Less Than 1%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	2,467	1,614
Group Retirement | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 1% To 2%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,347	437
Group Retirement | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 2% To 3%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	159	0
Group Retirement | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 3% To 4%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0
Group Retirement | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 4% To 5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0
Group Retirement | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 5% To 5.5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0
Group Retirement | More than 50 Basis Points Above Minimum Guarantee
Policyholder Account Balance [Line Items]
Policyholder Account Balance	7,064	5,201
Group Retirement | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range Less Than 1%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	6,304	5,178
Group Retirement | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 1% To 2%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	667	23
Group Retirement | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 2% To 3%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	93	0
Group Retirement | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 3% To 4%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0
Group Retirement | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 4% To 5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0
Group Retirement | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 5% To 5.5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0
Life Insurance
Policyholder Account Balance [Line Items]
Policyholder Account Balance	7,231	7,436
Life Insurance | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range Less Than 1%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0
Life Insurance | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 1% To 2%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	478	483
Life Insurance | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 2% To 3%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,953	1,982
Life Insurance | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 3% To 4%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,703	1,749
Life Insurance | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 4% To 5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	2,879	2,998
Life Insurance | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 5% To 5.5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	218	224
Life Insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	4,284	4,937
Life Insurance | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range Less Than 1%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0
Life Insurance | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 1% To 2%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	106
Life Insurance | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 2% To 3%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	9	235
Life Insurance | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 3% To 4%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,178	1,374
Life Insurance | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 4% To 5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	2,879	2,998
Life Insurance | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 5% To 5.5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	218	224
Life Insurance | 1 Basis Point - 50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,496	842
Life Insurance | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range Less Than 1%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0
Life Insurance | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 1% To 2%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	131	24
Life Insurance | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 2% To 3%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	866	635
Life Insurance | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 3% To 4%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	499	183
Life Insurance | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 4% To 5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0
Life Insurance | 1 Basis Point - 50 Basis Points Above | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 5% To 5.5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0
Life Insurance | More than 50 Basis Points Above Minimum Guarantee
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,451	1,657
Life Insurance | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range Less Than 1%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0
Life Insurance | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 1% To 2%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	347	353
Life Insurance | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 2% To 3%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,078	1,112
Life Insurance | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 3% To 4%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	26	192
Life Insurance | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 4% To 5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	0	0
Life Insurance | More than 50 Basis Points Above Minimum Guarantee | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 5% To 5.5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 0	$ 0

Insurance Liabilities - Unearne

Insurance Liabilities - Unearned revenue liability (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Other Policyholder Funds Rollforward [Roll Forward]
Balance, beginning of year	$ 1,834	$ 1,811
Revenue deferred	114	106
Amortization	(92)	(90)
Balance, end of period	1,856	1,827
Life Insurance
Other Policyholder Funds Rollforward [Roll Forward]
Balance, beginning of year	1,727	1,693
Revenue deferred	114	106
Amortization	(83)	(82)
Balance, end of period	1,758	1,717
Institutional Markets
Other Policyholder Funds Rollforward [Roll Forward]
Balance, beginning of year	2	2
Revenue deferred	0	0
Amortization	(1)	0
Balance, end of period	1	2
Other Operations before consolidation and eliminations
Other Policyholder Funds Rollforward [Roll Forward]
Balance, beginning of year	105	116
Revenue deferred	0	0
Amortization	(8)	(8)
Balance, end of period	97	108
Other Operations before consolidation and eliminations | Fortitude RE
Other Policyholder Funds Rollforward [Roll Forward]
Balance, end of period	$ 1,500	$ 1,600

Market Risk Benefits - Balances

Market Risk Benefits - Balances and changes in market risk benefits (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Jan. 01, 2021	Dec. 31, 2020
Market Risk Benefit [Line Items]
Market risk benefit	$ 3,612	$ 4,034	$ 3,990	$ 7,034		$ 8,401
Market risk benefit in an asset position						176
Reinsured market risk benefit						162
Market risk benefit assets, at fair value	978	796			$ 338	338
Market risk benefit liabilities, at fair value	4,519	4,736			8,739	8,739
As Previously Reported
Market Risk Benefit [Line Items]
Market risk benefit						0
Market risk benefit assets, at fair value		0			0
Market risk benefit liabilities, at fair value		0			$ 0
Adjustment for the reclassification of the embedded derivative liability from policyholder contract deposits, net of the host adjustment
Market Risk Benefit [Line Items]
Market risk benefit						6,247
Adjustment for the reclassification of additional liabilities from Future policy benefits
Market Risk Benefit [Line Items]
Market risk benefit						1,609
Adjustments for the cumulative effect of the changes to our own credit risk between the original contract issuance date and the transition date
Market Risk Benefit [Line Items]
Market risk benefit						2,327
Adjustment for the removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses)
Market Risk Benefit [Line Items]
Market risk benefit						(605)
Adjustment for the remaining difference (exclusive of our own credit risk change and host contract adjustments) between previous carrying amount and fair value measurement for the MRB
Market Risk Benefit [Line Items]
Market risk benefit						(1,177)
Individual Retirement
Market Risk Benefit [Line Items]
Market risk benefit	3,396	3,738	3,693	6,452		7,599
Market risk benefit in an asset position						176
Reinsured market risk benefit						162
Market risk benefit assets, at fair value						338
Market risk benefit liabilities, at fair value						7,937
Individual Retirement | As Previously Reported
Market Risk Benefit [Line Items]
Market risk benefit						0
Individual Retirement | Adjustment for the reclassification of the embedded derivative liability from policyholder contract deposits, net of the host adjustment
Market Risk Benefit [Line Items]
Market risk benefit						5,671
Individual Retirement | Adjustment for the reclassification of additional liabilities from Future policy benefits
Market Risk Benefit [Line Items]
Market risk benefit						1,388
Individual Retirement | Adjustments for the cumulative effect of the changes to our own credit risk between the original contract issuance date and the transition date
Market Risk Benefit [Line Items]
Market risk benefit						2,140
Individual Retirement | Adjustment for the removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses)
Market Risk Benefit [Line Items]
Market risk benefit						(516)
Individual Retirement | Adjustment for the remaining difference (exclusive of our own credit risk change and host contract adjustments) between previous carrying amount and fair value measurement for the MRB
Market Risk Benefit [Line Items]
Market risk benefit						(1,084)
Group Retirement
Market Risk Benefit [Line Items]
Market risk benefit	$ 216	$ 296	$ 297	$ 582		802
Market risk benefit in an asset position						0
Reinsured market risk benefit						0
Market risk benefit assets, at fair value						0
Market risk benefit liabilities, at fair value						802
Group Retirement | As Previously Reported
Market Risk Benefit [Line Items]
Market risk benefit						0
Group Retirement | Adjustment for the reclassification of the embedded derivative liability from policyholder contract deposits, net of the host adjustment
Market Risk Benefit [Line Items]
Market risk benefit						576
Group Retirement | Adjustment for the reclassification of additional liabilities from Future policy benefits
Market Risk Benefit [Line Items]
Market risk benefit						221
Group Retirement | Adjustments for the cumulative effect of the changes to our own credit risk between the original contract issuance date and the transition date
Market Risk Benefit [Line Items]
Market risk benefit						187
Group Retirement | Adjustment for the removal of related balances in Accumulated other comprehensive income (loss) originating from unrealized gains (losses)
Market Risk Benefit [Line Items]
Market risk benefit						(89)
Group Retirement | Adjustment for the remaining difference (exclusive of our own credit risk change and host contract adjustments) between previous carrying amount and fair value measurement for the MRB
Market Risk Benefit [Line Items]
Market risk benefit						$ (93)

Market Risk Benefits - Rollforw

Market Risk Benefits - Rollforward of market risk benefits (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Market Risk Benefit [Roll Forward]
Balance, beginning of year	$ 4,034	$ 7,034
Balance, beginning of year, before effect of changes in our own credit risk	3,569	4,933
Issuances	555	178
Interest accrual	134	146
Attributed fees	685	691
Expected claims	(70)	(55)
Effect of changes in interest rates	(1,322)	(4,289)
Effect of changes in interest rate volatility	(5)	284
Effect of changes in equity markets	(652)	2,087
Effect of changes in equity index volatility	(31)	(80)
Actual outcome different from model expected outcome	165	153
Effect of changes in future expected policyholder behavior	(2)	(20)
Effect of changes in other future expected assumptions	(126)	(85)
Other, including foreign exchange	(3)	(8)
Balance, end of period, before effect of changes in our own credit risk	2,897	3,935
Effect of changes in our own credit risk	715	55	$ (465)	$ (2,101)
Balance, end of period	3,612	3,990
Less: Reinsured MRB, end of period	(71)	(98)
Net	3,541	3,892
Combined
Net amount at risk
Net amount at risk	1,792	2,686
GMDB
Net amount at risk
Net amount at risk	1,457	2,617
GMWB
Net amount at risk
Net amount at risk	25	15
Individual Retirement
Market Risk Benefit [Roll Forward]
Balance, beginning of year	3,738	6,452
Balance, beginning of year, before effect of changes in our own credit risk	3,297	4,518
Issuances	527	161
Interest accrual	122	130
Attributed fees	636	637
Expected claims	(68)	(53)
Effect of changes in interest rates	(1,223)	(3,929)
Effect of changes in interest rate volatility	(7)	267
Effect of changes in equity markets	(591)	1,923
Effect of changes in equity index volatility	(27)	(80)
Actual outcome different from model expected outcome	155	139
Effect of changes in future expected policyholder behavior	(1)	(2)
Effect of changes in other future expected assumptions	(86)	(85)
Other, including foreign exchange	0	4
Balance, end of period, before effect of changes in our own credit risk	2,734	3,630
Effect of changes in our own credit risk	662	63	(441)	(1,934)
Balance, end of period	3,396	3,693
Less: Reinsured MRB, end of period	(71)	(98)
Net	$ 3,325	$ 3,595
Net amount at risk
Average attained age of contract holders by product	70 years	70 years
Individual Retirement | Combined
Net amount at risk
Net amount at risk	$ 1,764	$ 2,670
Individual Retirement | GMDB
Net amount at risk
Net amount at risk	1,200	2,059
Individual Retirement | GMWB
Net amount at risk
Net amount at risk	24	15
Group Retirement
Market Risk Benefit [Roll Forward]
Balance, beginning of year	296	582
Balance, beginning of year, before effect of changes in our own credit risk	272	415
Issuances	28	17
Interest accrual	12	16
Attributed fees	49	54
Expected claims	(2)	(2)
Effect of changes in interest rates	(99)	(360)
Effect of changes in interest rate volatility	2	17
Effect of changes in equity markets	(61)	164
Effect of changes in equity index volatility	(4)	0
Actual outcome different from model expected outcome	10	14
Effect of changes in future expected policyholder behavior	(1)	(18)
Effect of changes in other future expected assumptions	(40)	0
Other, including foreign exchange	(3)	(12)
Balance, end of period, before effect of changes in our own credit risk	163	305
Effect of changes in our own credit risk	53	(8)	$ (24)	$ (167)
Balance, end of period	216	297
Less: Reinsured MRB, end of period	0	0
Net	$ 216	$ 297
Net amount at risk
Average attained age of contract holders by product	64 years	64 years
Group Retirement | Combined
Net amount at risk
Net amount at risk	$ 28	$ 16
Group Retirement | GMDB
Net amount at risk
Net amount at risk	257	558
Group Retirement | GMWB
Net amount at risk
Net amount at risk	$ 1	$ 0

Market Risk Benefits - Schedule

Market Risk Benefits - Schedule of market risk benefits (Details) - USD ($) $ in Millions	Sep. 30, 2023	Sep. 30, 2022
Market Risk Benefit [Line Items]
Asset	$ 978	$ 743
Liability	4,519	4,635
Net	3,541	3,892
Individual Retirement
Market Risk Benefit [Line Items]
Asset	814	622
Liability	4,139	4,217
Net	3,325	3,595
Group Retirement
Market Risk Benefit [Line Items]
Asset	164	121
Liability	380	418
Net	$ 216	$ 297

Separate Account Assets and L_3

Separate Account Assets and Liabilities - Separate account assets (Details) - USD ($) $ in Millions	Sep. 30, 2023	Sep. 30, 2022
Fair Value, Separate Account Investment [Line Items]
Value of investment options	$ 84,724	$ 81,302
Equity Funds | Equity Funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	51,025	46,117
Bond Funds | Bond funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	8,365	8,904
Balanced Funds | Balanced funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	23,711	24,606
Money Market Funds | Money market funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	1,623	1,675
Individual Retirement
Fair Value, Separate Account Investment [Line Items]
Value of investment options	44,613	43,385
Individual Retirement | Equity Funds | Equity Funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	23,493	21,696
Individual Retirement | Bond Funds | Bond funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	3,775	3,661
Individual Retirement | Balanced Funds | Balanced funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	16,649	17,346
Individual Retirement | Money Market Funds | Money market funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	696	682
Group Retirement
Fair Value, Separate Account Investment [Line Items]
Value of investment options	35,166	32,528
Group Retirement | Equity Funds | Equity Funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	26,206	23,226
Group Retirement | Bond Funds | Bond funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	3,262	3,910
Group Retirement | Balanced Funds | Balanced funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	5,095	4,853
Group Retirement | Money Market Funds | Money market funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	603	539
Life Insurance
Fair Value, Separate Account Investment [Line Items]
Value of investment options	848	757
Life Insurance | Equity Funds | Equity Funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	736	648
Life Insurance | Bond Funds | Bond funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	42	46
Life Insurance | Balanced Funds | Balanced funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	48	46
Life Insurance | Money Market Funds | Money market funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	22	17
Institutional Markets
Fair Value, Separate Account Investment [Line Items]
Value of investment options	4,097	4,632
Institutional Markets | Equity Funds | Equity Funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	590	547
Institutional Markets | Bond Funds | Bond funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	1,286	1,287
Institutional Markets | Balanced Funds | Balanced funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	1,919	2,361
Institutional Markets | Money Market Funds | Money market funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	$ 302	$ 437

Separate Account Assets and L_4

Separate Account Assets and Liabilities - Separate account liabilities (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Separate Account, Liability [Roll Forward]
Balance, beginning of year	$ 84,853	$ 109,111
Premiums and deposits	2,224	3,235
Policy charges	(1,403)	(1,457)
Surrenders and withdrawals	(5,455)	(4,484)
Benefit payments	(1,080)	(1,112)
Investment performance	5,521	(23,851)
Net transfers from (to) general account and other	64	(140)
Balance, end of period	84,724	81,302
Cash surrender value	83,474	80,042
Individual Retirement
Separate Account, Liability [Roll Forward]
Balance, beginning of year	45,178	57,927
Premiums and deposits	1,124	1,905
Policy charges	(964)	(988)
Surrenders and withdrawals	(2,728)	(2,492)
Benefit payments	(640)	(684)
Investment performance	2,470	(12,440)
Net transfers from (to) general account and other	173	157
Balance, end of period	44,613	43,385
Cash surrender value	43,566	42,313
Group Retirement
Separate Account, Liability [Roll Forward]
Balance, beginning of year	34,361	45,138
Premiums and deposits	1,033	1,248
Policy charges	(333)	(356)
Surrenders and withdrawals	(2,205)	(1,931)
Benefit payments	(374)	(407)
Investment performance	2,806	(10,831)
Net transfers from (to) general account and other	(122)	(333)
Balance, end of period	35,166	32,528
Cash surrender value	34,980	32,340
Life Insurance
Separate Account, Liability [Roll Forward]
Balance, beginning of year	799	1,044
Premiums and deposits	27	28
Policy charges	(37)	(38)
Surrenders and withdrawals	(19)	(19)
Benefit payments	(5)	(5)
Investment performance	85	(252)
Net transfers from (to) general account and other	(2)	(1)
Balance, end of period	848	757
Cash surrender value	828	756
Institutional Markets
Separate Account, Liability [Roll Forward]
Balance, beginning of year	4,515	5,002
Premiums and deposits	40	54
Policy charges	(69)	(75)
Surrenders and withdrawals	(503)	(42)
Benefit payments	(61)	(16)
Investment performance	160	(328)
Net transfers from (to) general account and other	15	37
Balance, end of period	4,097	4,632
Cash surrender value	$ 4,100	$ 4,633

Contingencies, Commitments an_2

Contingencies, Commitments and Guarantees (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Amount of policy issued to plaintiff's	$ 1,000,000
Other Commitments [Line Items]
Other commitments	6,100,000,000	$ 6,600,000,000
Affiliated Entity
Other Commitments [Line Items]
Contractual obligation	$ 92,000,000

Equity - Narrative (Details)

Equity - Narrative (Details) - USD ($)					1 Months Ended	3 Months Ended		9 Months Ended
	Nov. 01, 2023	Jun. 26, 2023	Jun. 12, 2023	Mar. 14, 2019	Oct. 27, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Aug. 01, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Preferred stock, par value (in dollars per share)						$ 5		$ 5			$ 5
Common stock, par value (in dollars per share)						$ 2.50		$ 2.50			$ 2.50
Authorized repurchase amount										$ 7,500,000,000
Shares purchased (in shares)								34,600,000
Aggregate repurchases of common stock						$ 794,000,000	$ 1,268,000,000	$ 1,959,000,000	$ 4,370,000,000
Dividends declared, preferred stock (in dollars per share)						$ 365.625	$ 365.625	$ 1,096.875	$ 1,096.875
Remaining authorized repurchase amount										$ 2,150,000,000
Total number of warrants repurchased (in shares)		12,200,000
Corebridge Financial Inc
Class of Stock [Line Items]
Shares sold in secondary offering (in shares)			648,000,000
Ownership (as a percent)						65.60%		65.60%
Corebridge Financial Inc | AIG
Class of Stock [Line Items]
Total number of warrants repurchased (in shares)								11,000,000
Secondary Offering | Corebridge Financial Inc
Class of Stock [Line Items]
Shares sold in secondary offering (in shares)			74,750,000
IPO | Corebridge Financial Inc
Class of Stock [Line Items]
Shares sold in secondary offering (in shares)			65,000,000
Underwriter's Option | Corebridge Financial Inc
Class of Stock [Line Items]
Shares sold in secondary offering (in shares)			9,750,000
Subsequent event
Class of Stock [Line Items]
Shares purchased (in shares)					3,000,000
Aggregate repurchases of common stock					$ 154,000,000
Dividends declared, common stock (in dollars per share)	$ 0.36
Dividends declared, preferred stock (in dollars per share)	$ 365.625
Series A Preferred Stock
Class of Stock [Line Items]
Issuances (in shares)				20,000
Preferred stock, dividend rate (as a percent)				5.85%
Preferred stock, par value (in dollars per share)				$ 5
Preferred stock liquidation preference (in dollars per share)				$ 25,000
Issuance of preferred stock				$ 485,000,000
Series A Depositary Shares
Class of Stock [Line Items]
Issuances (in shares)				20,000,000
Preferred stock liquidation preference (in dollars per share)				$ 25

Equity - Rollforward of common

Equity - Rollforward of common stock outstanding (Details)	9 Months Ended
	Sep. 30, 2023 shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued, beginning of year (in shares)	1,906,671,492
Treasury stock, beginning of year (in shares)	(1,172,543,436)
Shares outstanding, beginning of year (in shares)	734,100,000
Shares issued (in shares)	5,100,000
Shares repurchased (in shares)	(34,600,000)
Shares issued, end of period (in shares)	1,906,671,492
Treasury stock, end of period (in shares)	(1,202,096,780)
Shares outstanding, end of period (in shares)	704,600,000
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued, beginning of year (in shares)	1,906,700,000
Shares issued (in shares)	0
Shares repurchased (in shares)	0
Shares issued, end of period (in shares)	1,906,700,000
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury stock, beginning of year (in shares)	(1,172,600,000)
Shares issued (in shares)	5,100,000
Shares repurchased (in shares)	(34,600,000)
Treasury stock, end of period (in shares)	(1,202,100,000)

Equity - Schedule of accumulate

Equity - Schedule of accumulated other comprehensive income (loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	$ 46,491	$ 47,224	$ 43,454	$ 69,034	[1]
Change in unrealized appreciation (depreciation) of investments*	(7,094)	(12,134)	(4,368)	(50,205)
Change in other	6	38	(47)	49
Change in fair value of market risk benefits, net	(104)	320	(250)	2,048
Change in discount rates	1,470	2,168	1,474	7,403
Change in future policy benefits	173	450	210	1,885
Change in foreign currency translation adjustments	(279)	(748)	(323)	(1,024)
Change in net actuarial loss	62	15	167	31
Change in prior service cost	1	3	3	8
Change in deferred tax asset (liability)	847	1,582	391	5,775
Change in fair value of liabilities under fair value option attributable to changes in our own credit risk				(4)
Other comprehensive income (loss)	(4,918)	(8,306)	(2,743)	(34,034)
Corebridge noncontrolling interests	(61)	2,116	1,766	2,116
Balance, end of period	43,213	42,113	43,213	42,113
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(18,982)	(18,647)	(22,616)	5,071	[1]
Other comprehensive income (loss)	(3,486)	(7,589)	(1,679)	(31,307)
Balance, end of period	(22,529)	(24,120)	(22,529)	(24,120)
Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Allowance for Credit Losses Was Taken
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(60)	(56)	(136)	(48)
Balance, end of period	(110)	(124)	(110)	(124)
Unrealized Appreciation (Depreciation) of All Other Investments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(16,655)	(16,248)	(20,675)	12,125
Balance, end of period	(20,661)	(22,344)	(20,661)	(22,344)
Change in Fair Value of Market Risk Benefits Attributable to Changes in Our Own Credit Risk
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(315)	(267)	(284)	(1,496)
Other comprehensive income (loss)	(81)	253	(196)	1,617
Balance, end of period	(369)	(33)	(369)	(33)
Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	2,067	1,590	2,459	(2,167)
Other comprehensive income (loss)	1,147	1,725	1,100	5,885
Balance, end of period	2,841	2,722	2,841	2,722
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(3,174)	(2,790)	(3,056)	(2,446)
Balance, end of period	(3,430)	(3,479)	(3,430)	(3,479)
Retirement Plan Liabilities Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(845)	(878)	(924)	(903)
Balance, end of period	(800)	(864)	(800)	(864)
Fair Value of Liabilities Under Fair Value Option Attributable to Changes in Our Own Credit Risk
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	0	2	0	6
Balance, end of period	0	2	0	2
Noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests	(1,432)	(717)	(1,064)	(2,727)
Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Allowance for Credit Losses Was Taken
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests	(17)	(6)	1	(7)
Unrealized Appreciation (Depreciation) of All Other Investments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests	(1,760)	(923)	(1,401)	(3,473)
Change in Fair Value of Market Risk Benefits Attributable to Changes in Our Own Credit Risk
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests	(29)	30	(59)	165
Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests	387	200	387	603
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests	(13)	(18)	8	(15)
Retirement Plan Liabilities Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests	0	0	0	0
Fair Value of Liabilities Under Fair Value Option Attributable to Changes in Our Own Credit Risk
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests	0	0	0	0
Change in Fair Value of Market Risk Benefits Attributable to Changes in Our Own Credit Risk
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Change in fair value of market risk benefits, net	(104)	320	(250)	2,048
Change in deferred tax asset (liability)	23	(67)	54	(431)
Other comprehensive income (loss)	(81)	253	(196)	1,617
Corebridge noncontrolling interests	(2)	11	52	11
Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Change in discount rates	1,470	2,168	1,474	7,403
Change in deferred tax asset (liability)	(323)	(443)	(374)	(1,518)
Other comprehensive income (loss)	1,147	1,725	1,100	5,885
Corebridge noncontrolling interests	14	(393)	(331)	(393)
Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Allowance for Credit Losses Was Taken
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Change in unrealized appreciation (depreciation) of investments*	(69)	(94)	44	(106)
Change in other	(11)	0	(11)	(1)
Change in deferred tax asset (liability)	14	20	(9)	24
Other comprehensive income (loss)	(66)	(74)	24	(83)
Corebridge noncontrolling interests	(1)	0	3	0
Unrealized Appreciation (Depreciation) of All Other Investments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Change in unrealized appreciation (depreciation) of investments*	(7,025)	(12,040)	(4,412)	(50,099)
Change in other	17	38	(36)	50
Change in future policy benefits	173	450	210	1,885
Change in deferred tax asset (liability)	1,141	2,048	798	7,737
Other comprehensive income (loss)	(5,694)	(9,504)	(3,440)	(40,427)
Corebridge noncontrolling interests	(72)	2,485	2,053	2,485
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Change in foreign currency translation adjustments	(279)	(748)	(323)	(1,024)
Change in deferred tax asset (liability)	10	27	(33)	(38)
Other comprehensive income (loss)	(269)	(721)	(356)	(1,062)
Corebridge noncontrolling interests	0	14	(10)	14
Retirement Plan Liabilities Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Change in net actuarial loss	62	15	167	31
Change in prior service cost	1	3	3	8
Change in deferred tax asset (liability)	(18)	(3)	(45)	1
Other comprehensive income (loss)	45	15	125	40
Corebridge noncontrolling interests	0	(1)	(1)	(1)
Fair Value of Liabilities Under Fair Value Option Attributable to Changes in Our Own Credit Risk
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Change in fair value of liabilities under fair value option attributable to changes in our own credit risk				(4)
Other comprehensive income (loss)	$ 0	$ 0	$ 0	$ (4)
[1]Updated to reflect the adoption of long-duration targets improvements, see Note 2.

Equity - Schedule of other comp

Equity - Schedule of other comprehensive income (loss) reclassification adjustments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Other Comprehensive Income (Loss) Reclassification Adjustments
Other comprehensive income (loss)	$ (4,918)	$ (8,306)	$ (2,743)	$ (34,034)
Noncontrolling interests
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	(5,934)	(10,027)	(4,113)	(40,706)
Less: Reclassification adjustments included in net income	(169)	(139)	(979)	(897)
Total other comprehensive income (loss), before of income tax expense (benefit)	(5,765)	(9,888)	(3,134)	(39,809)
Less: Income tax expense (benefit)	(847)	(1,582)	(391)	(5,775)
Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which Allowance for Credit Losses Was Taken
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	(80)	(77)	10	(98)
Less: Reclassification adjustments included in net income	0	17	(23)	9
Total other comprehensive income (loss), before of income tax expense (benefit)	(80)	(94)	33	(107)
Less: Income tax expense (benefit)	(14)	(20)	9	(24)
Other comprehensive income (loss)	(66)	(74)	24	(83)
Unrealized Appreciation (Depreciation) of All Other Investments
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	(6,998)	(11,700)	(5,171)	(49,047)
Less: Reclassification adjustments included in net income	(163)	(148)	(933)	(883)
Total other comprehensive income (loss), before of income tax expense (benefit)	(6,835)	(11,552)	(4,238)	(48,164)
Less: Income tax expense (benefit)	(1,141)	(2,048)	(798)	(7,737)
Other comprehensive income (loss)	(5,694)	(9,504)	(3,440)	(40,427)
Change in Fair Value of Market Risk Benefits Attributable to Changes in Our Own Credit Risk
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	(104)	320	(250)	2,048
Less: Reclassification adjustments included in net income	0	0	0	0
Total other comprehensive income (loss), before of income tax expense (benefit)	(104)	320	(250)	2,048
Less: Income tax expense (benefit)	(23)	67	(54)	431
Other comprehensive income (loss)	(81)	253	(196)	1,617
Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	1,470	2,168	1,474	7,403
Less: Reclassification adjustments included in net income	0	0	0	0
Total other comprehensive income (loss), before of income tax expense (benefit)	1,470	2,168	1,474	7,403
Less: Income tax expense (benefit)	323	443	374	1,518
Other comprehensive income (loss)	1,147	1,725	1,100	5,885
Foreign Currency Translation Adjustments
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	(279)	(748)	(323)	(1,024)
Less: Reclassification adjustments included in net income	0	0	0	0
Total other comprehensive income (loss), before of income tax expense (benefit)	(279)	(748)	(323)	(1,024)
Less: Income tax expense (benefit)	(10)	(27)	33	38
Other comprehensive income (loss)	(269)	(721)	(356)	(1,062)
Retirement Plan Liabilities Adjustment
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	57	10	147	16
Less: Reclassification adjustments included in net income	(6)	(8)	(23)	(23)
Total other comprehensive income (loss), before of income tax expense (benefit)	63	18	170	39
Less: Income tax expense (benefit)	18	3	45	(1)
Other comprehensive income (loss)	45	15	125	40
Fair Value of Liabilities Under Fair Value Option Attributable to Changes in Our Own Credit Risk
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	0	0	0	(4)
Less: Reclassification adjustments included in net income	0	0	0	0
Total other comprehensive income (loss), before of income tax expense (benefit)	0	0	0	(4)
Less: Income tax expense (benefit)	0	0	0	0
Other comprehensive income (loss)	$ 0	$ 0	$ 0	$ (4)

Equity - Schedule of effect of

Equity - Schedule of effect of the reclassification of significant items out of accumulated other comprehensive income on the respective line items in the Consolidated Statements of Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Reclassification of significant items out of Accumulated Other Comprehensive Income
Total net realized gains (losses)	$ 1,081	$ 2,572	$ (1,125)	$ 8,783
Net income (loss) attributable to AIG	2,027	2,748	3,550	9,675
Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Net income (loss) attributable to AIG	(169)	(139)	(979)	(897)
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken | Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Total net realized gains (losses)		17	(23)	9
Unrealized appreciation (depreciation) of all other investments | Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Total net realized gains (losses)	(163)	(148)	(933)	(883)
Change in retirement plan liabilities adjustment | Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Total net realized gains (losses)	(6)	(8)	(23)	(23)
Prior-service credit | Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Total net realized gains (losses)	(1)	(1)	(2)	(2)
Actuarial losses | Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Total net realized gains (losses)	$ (5)	$ (7)	$ (21)	$ (21)

Equity - Schedule of noncontrol

Equity - Schedule of noncontrolling interest (Details) - USD ($) $ in Millions				3 Months Ended		9 Months Ended
	Jun. 26, 2023	Jun. 12, 2023	Sep. 19, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Noncontrolling Interest [Line Items]
Net income attributable to AIG common shareholders				$ 2,020	$ 2,741	$ 3,528	$ 9,653
Contributions from noncontrolling interests				8	$ 17	35	$ 22
Total AIG Shareholders' Equity
Noncontrolling Interest [Line Items]
Net income attributable to AIG common shareholders				2,020		3,528
Contributions from noncontrolling interests	$ (15)	$ 71	$ 497	(6)		(92)
Change from Net income attributable to AIG common shareholders and changes in AIG's ownership interests				$ 2,014		$ 3,436

Earnings Per Common Share (EP_3

Earnings Per Common Share (EPS) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Numerator for EPS:
Income from continuing operations	$ 2,747	$ 3,087	$ 4,351	$ 10,727
Less: Net income from continuing operations attributable to noncontrolling interests	720	339	801	1,051
Less: Preferred stock dividends	7	7	22	22
Income attributable to AIG common shareholders from continuing operations	2,020	2,741	3,528	9,654
Income (loss) from discontinued operations, net of income tax expense	0	0	0	(1)
Net income attributable to AIG common shareholders	$ 2,020	$ 2,741	$ 3,528	$ 9,653
Denominator for EPS:
Weighted average common shares outstanding - basic (in shares)	712,598,496	763,051,482	725,579,999	789,888,322
Dilutive common shares (in shares)	6,128,816	8,080,919	5,453,046	9,204,234
Weighted average common shares outstanding - diluted (in shares)	718,727,312	771,132,401	731,033,045	799,092,556
Basic:
Income (loss) from continuing operations (in dollars per share)	$ 2.83	$ 3.59	$ 4.86	$ 12.22
Income from discontinued operations (in dollars per share)	0	0	0	0
Income (loss) attributable to AIG common shareholders (in dollars per share)	2.83	3.59	4.86	12.22
Diluted:
Income (loss) from continuing operations (in dollars per share)	2.81	3.55	4.83	12.08
Income from discontinued operations (in dollars per share)	0	0	0	0
Net income attributable to AIG common shareholders (in dollars per share)	$ 2.81	$ 3.55	$ 4.83	$ 12.08
Number of shares excluded from diluted shares outstanding because the effect would have been anti-dilutive (in shares)	5,100,000	6,000,000	5,400,000	30,800,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Sep. 19, 2022
Operating Loss Carryforwards [Line Items]
Effective Income Tax Rate Reconciliation, Percent	23%	20.90%	16.40%	20.80%
U.S. federal income tax at statutory rate (as a percent)			21%	21%
Valuation allowance related to certain tax attribute carryforward	$ 858		$ 858
Gross unrecognized tax benefits, beginning of year	1,400		1,400		$ 1,200
Unrecognized tax benefits, if recognized would favorably affect the effective tax rate	1,400		1,400		1,200
Unrecognized tax benefits, interest and penalties accrued	58		58		$ 63
Unrecognized tax benefits, interest net of the federal (benefit) expense and penalties			5	$ 8
Valuation allowance	2,400		2,400
Foreign And State Jurisdictions
Operating Loss Carryforwards [Line Items]
Deferred tax asset, increase (decrease) in valuation allowance recognized			(51)
Federal Tax Credit Carryforwards and Tax Credit Carryforwards
Operating Loss Carryforwards [Line Items]
Valuation allowance related to certain tax attribute carryforward	713		713
Other Deferred Tax Assets
Operating Loss Carryforwards [Line Items]
Valuation allowance related to certain tax attribute carryforward	145		145
Corebridge Financial Inc
Operating Loss Carryforwards [Line Items]
Deferred tax asset, increase (decrease) in valuation allowance recognized	(57)		(6)
U.S.. Life Insurance Companies
Operating Loss Carryforwards [Line Items]
Deferred tax asset, increase (decrease) in valuation allowance recognized	177		113
Non U.S.. Life Insurance Companies
Operating Loss Carryforwards [Line Items]
Deferred tax asset, increase (decrease) in valuation allowance recognized	$ 160
U.S.. Life Insurance Companies, Available-for-Sale Portfolio
Operating Loss Carryforwards [Line Items]
Deferred tax asset, increase (decrease) in valuation allowance recognized			1,500
Non U.S.. Life Insurance Companies, Available-for-Sale Portfolio
Operating Loss Carryforwards [Line Items]
Deferred tax asset, increase (decrease) in valuation allowance recognized			$ 905
Corebridge Financial Inc
Operating Loss Carryforwards [Line Items]
Ownership (as a percent)	65.60%		65.60%
Corebridge Financial Inc | Maximum
Operating Loss Carryforwards [Line Items]
Ownership (as a percent)						80%