American International (AIG) 10-Q 2 May 24 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2024	Apr. 26, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		663,668,009
Document Fiscal Year Focus	2024
Entity Central Index Key	0000005272
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Amendment Flag	false
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

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions		Mar. 31, 2024	Dec. 31, 2023
Fixed maturity securities:
Bonds available for sale, at fair value, net of allowance for credit losses of $125 in 2024 and $162 in 2023 (amortized cost: 2024 - $255,067; 2023 - $253,035)	[1]	$ 232,487	$ 231,733
Other bond securities, at fair value (See Note 6)	[1]	5,403	5,241
Equity securities, at fair value (See Note 6)	[1]	797	728
Mortgage and other loans receivable, net of allowance for credit losses of $38,501 in 2024 and $38,473 in 2023	[1]	52,475	51,553
Other invested assets (portion measured at fair value: 2024 - $11,510; 2023 - $11,733)	[1]	15,977	16,217
Short-term investments, including restricted cash of $4 in 2024 and $4 in 2023 (portion measured at fair value: 2024 - $8,487; 2023 - $10,772)	[1]	15,077	17,200
Total investments		322,216	322,672
Cash	[1]	1,816	2,155
Accrued investment income	[1]	2,698	2,588
Premiums and other receivables, net of allowance for credit losses and disputes of $134 in 2024 and $139 in 2023		11,293	10,561
Deferred income taxes		14,376	14,445
Deferred policy acquisition costs		12,111	12,085
Market risk benefit assets, at fair value		1,172	912
Other assets, net of allowance for credit losses of $49 in 2024 and $49 in 2023, including restricted cash of $43 in 2024 and $45 in 2023 (portion measured at fair value: 2024 - $705; 2023 - $754)	[1]	12,313	13,089
Separate account assets, at fair value		95,173	91,005
Assets held for sale		2,388	2,268
Total assets		544,121	539,306
Liabilities:
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2024 and $14 in 2023		70,060	70,393
Unearned premiums		17,831	17,387
Future policy benefits for life and accident and health insurance contracts		58,985	58,576
Policyholder contract deposits (portion measured at fair value: 2024 - $8,613; 2023 - $7,997)		163,698	161,979
Market risk benefit liabilities, at fair value		5,167	5,705
Other policyholder funds		3,315	3,356
Fortitude Re funds withheld payable (portion measured at fair value: 2024 - $(1,364); 2023 - $(1,226))		28,789	29,484
Other liabilities (portion measured at fair value: 2024 - $493; 2023 - $624)	[1]	28,245	25,958
Separate account liabilities		95,173	91,005
Liabilities held for sale		1,813	1,775
Total liabilities		495,011	488,005
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: 2024 - 0 and 2023 - 20,000; liquidation preference $500		0	485
Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2024 - 1,906,671,492 and 2023 - 1,906,671,492		4,766	4,766
Treasury stock, at cost; 2024 - 1,235,652,452 shares; 2023 - 1,217,831,721 shares of common stock		(60,603)	(59,189)
Additional paid-in capital		75,625	75,810
Retained earnings		38,466	37,516
Accumulated other comprehensive loss		(14,869)	(14,037)
Total AIG shareholders’ equity		43,385	45,351
Non-redeemable noncontrolling interests		5,725	5,950
Total equity		49,110	51,301
Total liabilities and equity		544,121	539,306
Consolidated Entities, Excluding Consolidated Investments
Liabilities:
Short-term and long-term debt		19,318	19,796
Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Short-term and long-term debt	[1]	2,617	2,591
Fortitude RE
Fixed maturity securities:
Reinsurance assets, net of allowance for credit losses and disputes		29,732	30,612
Excluding Fortitude
Fixed maturity securities:
Reinsurance assets, net of allowance for credit losses and disputes		$ 38,833	$ 36,914
[1] See Note 10 for details of balances associated with variable interest entities.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions		Mar. 31, 2024	Dec. 31, 2023
Assets:
Bonds available for sale, allowance for credit losses		$ 125	$ 162
Bonds available for sale, amortized cost		255,067	253,035
Mortgage and other loans receivable, allowance for credit losses		38,501	38,473
Other investments	[1]	15,977	16,217
Short-term investments	[1]	15,077	17,200
Premiums and other receivables, allowance for credit losses and disputes		134	139
Other assets, allowance for credit losses		49	49
Other assets	[1]	12,313	13,089
Liabilities:
Liability for unpaid losses and loss adjustment expenses, allowance for credit losses		14	14
Policyholder contract deposits		163,698	161,979
Fortitude Re funds withheld payable, portion measured at fair value		(28,789)	(29,484)
Short term debt		$ 250	$ 250
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)		0	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)		1,235,652,452	1,217,831,721
Fortitude RE
Assets:
Reinsurance asset, allowance for credit loss		$ 0	$ 0
Excluding Fortitude
Assets:
Reinsurance asset, allowance for credit loss		224	236
Short-term investments, at cost (approximates fair value)
Assets:
Restricted cash		4	4
Other assets
Assets:
Restricted cash		43	45
Recurring Basis
Assets:
Other investments		11,510	11,733
Short-term investments		8,487	10,772
Other assets		705	754
Liabilities:
Policyholder contract deposits		8,613	7,997
Fortitude Re funds withheld payable, portion measured at fair value		(1,364)	(1,226)
Other liabilities		493	624
Long-term debt, portion measured at fair value		$ 68	$ 53
[1] See Note 10 for details of balances associated with variable interest entities.

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Premiums	$ 8,167	$ 8,481
Policy fees	714	698
Net investment income:
Total net investment income	3,904	3,533
Net realized gains (losses):
Total net realized losses	(424)	(1,909)
Other income	217	181
Total revenues	12,578	10,984
Benefits, losses and expenses:
Policyholder benefits and losses incurred (including remeasurement losses of $100 and $64 for the three months ended March 31, 2024, and 2023, respectively)	6,320	6,397
Change in the fair value of market risk benefits, net	(369)	196
Interest credited to policyholder account balances	1,204	1,040
Amortization of deferred policy acquisition costs	1,104	1,293
General operating and other expenses	2,014	1,980
Interest expense	260	307
Net (gain) loss on divestitures and other	(6)	2
Total benefits, losses and expenses	10,527	11,215
Income (loss) from continuing operations before income tax expense (benefit)	2,051	(231)
Income tax expense (benefit)	451	(144)
Income (loss) from continuing operations	1,600	(87)
Income (loss) from discontinued operations, net of income taxes	0	0
Net income (loss)	1,600	(87)
Less: Net income (loss) from continuing operations attributable to noncontrolling interests	384	(117)
Net income (loss) attributable to AIG	1,216	30
Less: Dividends on preferred stock and preferred stock redemption premiums	22	7
Net income (loss) attributable to AIG common shareholders	$ 1,194	$ 23
Basic:
Income (loss) from continuing operations (in dollars per share)	$ 1.75	$ 0.03
Income from discontinued operations (in dollars per share)	0	0
Net income (loss) attributable to AIG common shareholders (in dollars per share)	1.75	0.03
Diluted:
Income (loss) from continuing operations (in dollars per share)	1.74	0.03
Income from discontinued operations (in dollars per share)	0	0
Net income attributable to AIG common shareholders (in dollars per share)	$ 1.74	$ 0.03
Weighted average shares outstanding:
Basic (in shares)	682,576,848	738,661,428
Diluted (in shares)	687,961,518	744,099,186
Excluding Fortitude Re funds withheld assets
Net investment income:
Total net investment income	$ 3,535	$ 3,087
Net realized gains (losses):
Total net realized losses	(258)	(713)
Fortitude Re funds withheld assets
Net investment income:
Total net investment income	369	446
Net realized gains (losses):
Total net realized losses	(179)	(31)
Fortitude Re funds withheld embedded derivative
Net realized gains (losses):
Total net realized losses	$ 13	$ (1,165)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Income (Loss) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Remeasurement gain (loss) on policyholder contract deposits	$ 100	$ 64

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 1,600	$ (87)
Other comprehensive income (loss), net of tax
Change in unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken	57	6
Change in unrealized appreciation (depreciation) of all other investments	(1,290)	4,252
Change in fair value of market risk benefits attributable to changes in our own credit risk	(23)	75
Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts	545	(420)
Change in foreign currency translation adjustments	(353)	(28)
Change in retirement plan liabilities adjustment	7	28
Other comprehensive income (loss)	(1,057)	3,913
Comprehensive income (loss)	543	3,826
Comprehensive income (loss) attributable to noncontrolling interests	86	509
Comprehensive income (loss) attributable to AIG	$ 457	$ 3,317

Condensed Consolidated Statem_4

Condensed 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, 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	(147)	(147)			219	(366)
Purchase of common stock	(603)	(603)			(603)
Net income (loss) attributable to AIG or noncontrolling interests	(87)	30					30		(117)
Dividends on preferred stock ($0.000365625 per share) and preferred stock redemption premiums	(7)
Dividends on preferred stock ($365.625 per share)	(7)	(7)					(7)
Dividends on common stock	(234)	(234)					(234)
Other comprehensive (loss) income	3,913	3,287						3,287	626
Contributions from noncontrolling interests	16								16
Distributions to noncontrolling interests	(58)								(58)
Other	59	21				13	8		38
Balance, end of period at Mar. 31, 2023	46,306	43,317	485	4,766	(56,857)	79,562	34,690	(19,329)	2,989
Balance, beginning of period at Dec. 31, 2023	51,301	45,351	485	4,766	(59,189)	75,810	37,516	(14,037)	5,950
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued under stock plans	(27)	(27)			268	(295)
Redemption of preferred stock	(485)	(485)	(485)
Purchase of common stock	(1,682)	(1,682)			(1,682)
Net income (loss) attributable to AIG or noncontrolling interests	1,600	1,216					1,216		384
Dividends on preferred stock ($0.000365625 per share) and preferred stock redemption premiums	(22)	(22)					(22)
Dividends on common stock	(243)	(243)					(243)
Other comprehensive (loss) income	(1,057)	(759)						(759)	(298)
Net decrease due to divestitures and acquisitions	(285)	(83)				(10)		(73)	(202)
Contributions from noncontrolling interests	11								11
Distributions to noncontrolling interests	(70)								(70)
Other	69	119				120	(1)		(50)
Balance, end of period at Mar. 31, 2024	$ 49,110	$ 43,385	$ 0	$ 4,766	$ (60,603)	$ 75,625	$ 38,466	$ (14,869)	$ 5,725

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividends declared, preferred stock (in dollars per share)	$ 365.625	$ 365.625
Dividend paid (in dollars per share)	$ 0.36	$ 0.32

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2024		Mar. 31, 2023
Cash flows from operating activities:
Net income (loss)		$ 1,600		$ (87)
Noncash revenues, expenses, gains and losses included in income (loss):
Net losses on sales of securities available for sale and other assets		452		450
Net (gain) loss on divestitures and other		(6)		2
Unrealized (gains) losses in earnings - net		403		(112)
Change in the fair value of market risk benefits in earnings, net		(891)		316
Equity in (income) loss from equity method investments, net of dividends or distributions		13		(12)
Depreciation and other amortization		913		1,186
Impairments of assets		26		11
Changes in operating assets and liabilities:
Insurance reserves		1,352		3,015
Premiums and other receivables and payables - net		29		641
Reinsurance assets, net		(1,710)		(2,561)
Capitalization of deferred policy acquisition costs		(1,221)		(1,689)
Current and deferred income taxes - net		367		(200)
Other, net		(808)		(463)
Total adjustments		(1,081)		584
Net cash provided by operating activities		519		497
Sales or distributions of:
Available for sale securities		5,595		10,676
Other securities		207		313
Other invested assets		561		413
Divestitures, net		0		32
Maturities of fixed maturity securities available for sale		4,957		4,130
Principal payments received on and sales of mortgage and other loans receivable		1,095		957
Purchases of:
Available for sale securities		(11,287)		(13,607)
Other securities		(308)		(481)
Other invested assets		(317)		(443)
Mortgage and other loans receivable		(2,239)		(2,009)
Net change in short-term investments		2,135		(1,152)
Other, net		(91)		(303)
Net cash provided by (used in) investing activities		308		(1,474)
Proceeds from (payments for)
Policyholder contract deposits		8,504		8,226
Policyholder contract withdrawals		(7,150)		(6,468)
Purchase of common stock		(1,640)		(577)
Redemption of preferred stock		(485)		0
Dividends on preferred stock and preferred stock redemption premiums		(22)		(7)
Dividends on common stock		(243)		(234)
Other, net		420		(774)
Net cash provided by (used in) financing activities		(1,141)		817
Effect of exchange rate changes on cash and restricted cash		(29)		2
Net decrease in cash and restricted cash		(343)		(158)
Cash and restricted cash at beginning of year		2,204		2,216
Cash and restricted cash at end of period		1,863		2,058
Cash and restricted cash of held for sale assets		2		0
Cash Equivalents, Restricted Cash and Restricted Cash Equivalents:
Cash		1,816	[1]	1,923
Restricted cash included in Short-term investments	[2]	4		105
Restricted cash included in Other assets	[2]	43		30
Total cash and restricted cash shown in the Condensed Consolidated Statements of Cash Flows		1,863		2,058
Cash paid during the period for:
Interest		181		165
Taxes		84		56
Non-cash investing activities:
Fixed maturity securities available for sale received in connection with pension risk transfer transactions		1,316		1,424
Fixed maturity securities and other invested assets received in connection with reinsurance transactions		40		0
Fixed maturity securities and other invested assets transferred in connection with reinsurance transactions		(163)		(680)
Non-cash financing activities:
Interest credited to policyholder contract deposits included in financing activities		1,146		1,107
Fee income debited to policyholder contract deposits included in financing activities		(529)		(524)
Consolidated VIE
Proceeds from (payments for)
Issuance of debt		57		36
Repayments of debt		(121)		(127)
Cash Equivalents, Restricted Cash and Restricted Cash Equivalents:
Cash		54
Consolidated Entity, Excluding Consolidated VIE
Proceeds from (payments for)
Issuance of debt		0		743
Repayments of debt		$ (461)		$ (1)
[1] See Note 10 for details of balances associated with variable interest entities. 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	3 Months Ended
	Mar. 31, 2024
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 provides insurance solutions that help businesses and individuals in approximately 190 countries and jurisdictions protect their assets and manage risks through AIG operations and network partners. 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, 2023 (the 2023 Annual Report). The condensed consolidated financial information as of December 31, 2023 included herein has been derived from the audited Consolidated Financial Statements in the 2023 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 three months ended March 31, 2024, are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. We evaluated the need to recognize or disclose events that occurred subsequent to March 31, 2024 and prior to the issuance of these Condensed Consolidated Financial Statements. SALES/DISPOSALS OF ASSETS AND BUSINESSES AIG Life Limited On April 8, 2024, Corebridge Financial, Inc. (Corebridge) completed the sale of AIG Life Limited (AIG Life) to Aviva plc and received gross proceeds of £453 million ($569 million). For further details on this transaction, see Note 4. Separation of Life and Retirement Business and Relationship with Blackstone Inc. AIG owns 52.7 percent of the outstanding common stock of Corebridge as of March 31, 2024. 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. In the three months ended March 31, 2024, Corebridge repurchased 9.5 million shares of Corebridge common stock for an aggregate purchase price of $243 million. As a result, AIG recorded a decrease of $83 million in Total AIG shareholders' equity. Blackstone Inc. (Blackstone) owns a 10.1 percent equity stake in Corebridge as of March 31, 2024. Blackstone is required to hold its ownership interest in Corebridge, subject to exceptions currently permitting Blackstone to sell 67 percent and 75 percent of its ownership interest after September 19, 2024 and 2025, respectively, with the transfer restrictions terminating in full on September 19, 2027. 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	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies ACCOUNTING STANDARDS ADOPTED DURING 2024 Fair Value Measurement On June 30, 2022, the Financial Accounting Standards Board (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 Company adopted the standard on January 1, 2024, prospectively for entities other than investment companies. The adoption of the standard did not have a material impact to AIG consolidated financial statements. FUTURE APPLICATION OF ACCOUNTING STANDARDS Income Tax In December 2023, the FASB issued an accounting standard update to address improvements to income tax disclosures. The standard requires disaggregated information about a company’s effective tax rate reconciliation as well as information on income taxes paid. The standard is effective for public companies for annual periods beginning after December 15, 2024, with early adoption permitted. The standard will be applied on a prospective basis with the option to apply the standard retrospectively. We are assessing the impact of this standard. Segment Reporting

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2024
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. • 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 Underwriting 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 to the Consolidated Financial Statements in the 2023 Annual Report. 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 recordkeeping, plan administration and compliance services, financial planning and advisory solutions offered to employer-defined contribution plan participants, along with proprietary and limited 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. Corebridge previously announced agreements to sell Laya Healthcare Limited (Laya) and AIG Life. The sale of Laya closed on October 31, 2023 and the AIG Life sale closed on April 8, 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 March 31, 2024 2023 (in millions) Adjusted Adjusted Adjusted Adjusted General Insurance North America $ 2,502 $ 224 (a) $ 2,980 $ 299 (a) International 3,284 372 (a) 3,279 203 (a) Net investment income 762 762 746 746 Total General Insurance 6,548 1,358 7,005 1,248 Life and Retirement Individual Retirement 1,686 622 1,484 533 Group Retirement 689 199 683 187 Life Insurance 1,214 58 1,249 82 Institutional Markets 2,332 112 1,955 84 Total Life and Retirement 5,921 991 5,371 886 Other Operations Other Operations before consolidation and eliminations 57 (438) 132 (434) AIG consolidation and eliminations 39 30 (64) (57) Total Other Operations 96 (408) 68 (491) Total 12,565 1,941 12,444 1,643 Reconciling items: Changes in fair value of securities used to hedge guaranteed living benefits 17 (2) 13 (3) Change in the fair value of market risk benefits, net (b) — 369 — (196) Changes in benefit reserves related to net realized gains (losses) — 2 — 6 Changes in the fair value of equity securities 99 99 51 51 Other income (expense) - net 7 — (7) — Net investment income on Fortitude Re funds withheld assets 369 369 446 446 Net realized losses on Fortitude Re funds withheld assets (179) (179) (31) (31) Net realized gains (losses) on Fortitude Re funds withheld embedded derivative 13 13 (1,165) (1,165) Net realized losses (c) (313) (307) (772) (766) Net gain (loss) on divestitures and other — 6 — (2) Non-operating litigation reserves and settlements — — 1 1 (Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements — (2) — 19 Net loss reserve discount benefit (charge) — (76) — (64) Integration and transaction costs associated with acquiring or divesting businesses — (64) — (52) Restructuring and other costs — (114) — (117) Non-recurring costs related to regulatory or accounting changes — (4) — (13) Net impact from elimination of international reporting lag (d) — — 4 12 Revenues and pre-tax income (loss) $ 12,578 $ 2,051 $ 10,984 $ (231) (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) For additional information, see Note 1 to the Consolidated Financial Statements in the 2023 Annual Report.

Held-For-Sale Classification

Held-For-Sale Classification	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024, the following businesses and assets were reported and classified as held-for-sale: AIG Life Limited On April 8, 2024, Corebridge completed the sale of AIG Life to Aviva plc and received gross proceeds of £453 million ($569 million). The results of AIG Life are reported in Life and Retirement. Other Other primarily consists of real estate. The following table summarizes the components of assets and liabilities held-for-sale on the Condensed Consolidated Balance Sheets at March 31, 2024 and December 31, 2023 after elimination of intercompany balances: March 31, 2024 December 31, 2023 (in millions) AIG Life Other Total AIG Life Other Total Assets: Bonds available for sale $ 160 $ 15 $ 175 $ 167 $ 14 $ 181 Other invested assets — 167 167 — 67 67 Short-term investments 24 1 25 11 1 12 Cash — 1 1 3 — 3 Accrued investment income 3 1 4 3 — 3 Premiums and other receivables, net of allowance for credit losses and disputes 131 14 145 116 9 125 Reinsurance assets - other, net of allowance for credit losses and disputes 882 5 887 899 3 902 Deferred income taxes 47 — 47 47 — 47 Deferred policy acquisition costs 841 1 842 814 — 814 Other assets, net of allowance for credit losses (a) 82 13 95 83 31 114 Total assets held for sale $ 2,170 $ 218 $ 2,388 $ 2,143 $ 125 $ 2,268 Liabilities: Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses $ — $ 24 $ 24 $ — $ 19 $ 19 Unearned premiums 62 11 73 54 7 61 Future policy benefits for life and accident and health insurance contracts 842 — 842 838 — 838 Other liabilities 869 5 874 854 3 857 Total liabilities held for sale $ 1,773 $ 40 $ 1,813 $ 1,746 $ 29 $ 1,775 (a)

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2024
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. 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: March 31, 2024 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 $ 5,764 $ — $ — $ — $ 5,789 Obligations of states, municipalities and political subdivisions — 9,260 833 — — 10,093 Non-U.S. governments 163 11,798 7 — — 11,968 Corporate debt — 133,861 1,957 — — 135,818 RMBS — 13,308 8,113 — — 21,421 CMBS — 13,898 590 — — 14,488 CLO/ABS — 14,864 18,046 — — 32,910 Total bonds available for sale 188 202,753 29,546 — — 232,487 Other bond securities: Obligations of states, municipalities and political subdivisions — 89 1 — — 90 Non-U.S. governments — 39 — — — 39 Corporate debt — 2,775 222 — — 2,997 RMBS — 113 160 — — 273 CMBS — 266 17 — — 283 CLO/ABS — 560 1,161 — — 1,721 Total other bond securities — 3,842 1,561 — — 5,403 Equity securities 727 12 58 — — 797 Other invested assets (b) — 134 1,854 — — 1,988 Derivative assets (c) : Interest rate contracts — 3,074 410 — — 3,484 Foreign exchange contracts — 1,235 1 — — 1,236 Equity contracts — 1,805 1,073 — — 2,878 Credit contracts — 78 33 — — 111 Other contracts — — 13 — — 13 Counterparty netting and cash collateral — — — (4,545) (2,601) (7,146) Total derivative assets — 6,192 1,530 (4,545) (2,601) 576 Short-term investments 2,969 5,518 — — — 8,487 Market risk benefit assets — — 1,172 — — 1,172 Other assets (c) — — 129 — — 129 Separate account assets 91,859 3,314 — — — 95,173 Total (d) $ 95,743 $ 221,765 $ 35,850 $ (4,545) $ (2,601) $ 346,212 Liabilities: Policyholder contract deposits $ — $ 63 $ 8,550 $ — $ — $ 8,613 Market risk benefit liabilities — — 5,167 — — 5,167 Derivative liabilities (c) : Interest rate contracts — 3,379 — — — 3,379 Foreign exchange contracts — 624 3 — — 627 Equity contracts — 1,175 54 — — 1,229 Credit contracts — 3 33 — — 36 Other contracts — — 1 — — 1 Counterparty netting and cash collateral — — — (4,545) (326) (4,871) Total derivative liabilities — 5,181 91 (4,545) (326) 401 Fortitude Re funds withheld payable — — (1,364) — — (1,364) Other liabilities — — 92 — — 92 Long-term debt — 68 — — — 68 Total $ — $ 5,312 $ 12,536 $ (4,545) $ (326) $ 12,977 December 31, 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 $ 35 $ 5,581 $ — $ — $ — $ 5,616 Obligations of states, municipalities and political subdivisions — 9,816 847 — — 10,663 Non-U.S. governments 233 12,213 7 — — 12,453 Corporate debt — 136,753 1,679 — — 138,432 RMBS — 12,804 7,640 — — 20,444 CMBS — 13,495 633 — — 14,128 CLO/ABS — 13,959 16,038 — — 29,997 Total bonds available for sale 268 204,621 26,844 — — 231,733 Other bond securities: Obligations of states, municipalities and political subdivisions — 90 1 — — 91 Non-U.S. governments — 37 — — — 37 Corporate debt — 2,697 211 — — 2,908 RMBS — 105 158 — — 263 CMBS — 244 17 — — 261 CLO/ABS — 512 1,169 — — 1,681 Total other bond securities — 3,685 1,556 — — 5,241 Equity securities 632 40 56 — — 728 Other invested assets (b) — 155 2,070 — — 2,225 Derivative assets (c) : Interest rate contracts — 2,826 460 — — 3,286 Foreign exchange contracts — 1,235 1 — — 1,236 Equity contracts 7 1,187 825 — — 2,019 Credit contracts — 8 33 — — 41 Other contracts — — 13 — — 13 Counterparty netting and cash collateral — — — (3,864) (2,220) (6,084) Total derivative assets 7 5,256 1,332 (3,864) (2,220) 511 Short-term investments 2,635 8,137 — — — 10,772 Market risk benefit assets — — 912 — — 912 Other assets (c) — — 243 — — 243 Separate account assets 87,814 3,191 — — — 91,005 Total (d) $ 91,356 $ 225,085 $ 33,013 $ (3,864) $ (2,220) $ 343,370 Liabilities: Policyholder contract deposits $ — $ 55 $ 7,942 $ — $ — $ 7,997 Market risk benefit liabilities — — 5,705 — — 5,705 Derivative liabilities (c) : Interest rate contracts — 3,631 — — — 3,631 Foreign exchange contracts — 891 3 — — 894 Equity contracts 2 680 63 — — 745 Credit contracts — 4 33 — — 37 Other contracts — — 2 — — 2 Counterparty netting and cash collateral — — — (3,864) (1,050) (4,914) Total derivative liabilities 2 5,206 101 (3,864) (1,050) 395 Fortitude Re funds withheld payable — — (1,226) — — (1,226) Other liabilities — 107 122 — — 229 Long-term debt — 53 — — — 53 Total $ 2 $ 5,421 $ 12,644 $ (3,864) $ (1,050) $ 13,153 (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 $9.5 billion and $9.5 billion as of March 31, 2024 and December 31, 2023, respectively. (c) Presented as part of Other assets and Other liabilities on the Condensed Consolidated Balance Sheets. (d) Excludes $176 million and $182 million as of March 31, 2024 and December 31, 2023, respectively, 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 months ended March 31, 2024 and 2023 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 March 31, 2024 and 2023: (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended March 31, 2024 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 847 $ — $ (14) $ — $ — $ — $ — $ 833 $ — $ (16) Non-U.S. governments 7 — — — — — — 7 — — Corporate debt 1,679 2 1 (29) 342 (38) — 1,957 — (4) RMBS 7,640 90 93 329 — (39) — 8,113 — 89 CMBS 633 (5) 46 (103) 144 (125) — 590 — 11 CLO/ABS 16,038 55 168 1,274 677 (166) — 18,046 — 164 Total bonds available for sale 26,844 142 294 1,471 1,163 (368) — 29,546 — 244 Other bond securities: Obligations of states, municipalities and political subdivisions 1 — — — — — — 1 — — Corporate debt 211 8 — — 3 — — 222 8 — RMBS 158 3 — (1) — — — 160 2 — CMBS 17 — — — — — — 17 — — CLO/ABS 1,169 14 — (20) — (2) — 1,161 3 — Total other bond securities 1,556 25 — (21) 3 (2) — 1,561 13 — Equity securities 56 3 — — — (1) — 58 3 — Other invested assets 2,070 (92) (8) (33) — (57) (26) 1,854 (90) — Other assets 243 — — (114) — — — 129 — — Total (a) $ 30,769 $ 78 $ 286 $ 1,303 $ 1,166 $ (428) $ (26) $ 33,148 $ (74) $ 244 (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 7,942 $ 452 $ — $ 156 $ — $ — $ — $ 8,550 $ (3) $ — Derivative liabilities, net: Interest rate contracts (460) 103 — (53) — — — (410) 193 — Foreign exchange contracts 2 — — — — — — 2 — — Equity contracts (762) (192) — (65) — — — (1,019) 187 — Other contracts (11) (16) — 15 — — — (12) 16 — Total derivative liabilities, net (b) (1,231) (105) — (103) — — — (1,439) 396 — Fortitude Re funds withheld payable (1,226) (13) — (125) — — — (1,364) 209 — Other Liabilities 122 (30) — — — — — 92 — — Total (c) $ 5,607 $ 304 $ — $ (72) $ — $ — $ — $ 5,839 $ 602 $ — (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended March 31, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 824 $ 1 $ 55 $ (7) $ — $ — $ — $ 873 $ — $ 44 Non-U.S. governments 1 1 — — 7 — — 9 — — Corporate debt 2,847 (102) 51 (201) 274 (421) (16) 2,432 — 50 RMBS 7,553 109 (70) 10 — (21) — 7,581 — (98) CMBS 926 7 (3) 1 34 (27) — 938 — (34) CLO/ABS 12,748 50 271 840 58 (102) 24 13,889 — 229 Total bonds available for sale 24,899 66 304 643 373 (571) 8 25,722 — 191 Other bond securities: Obligations of states, municipalities and political subdivisions — — — 1 — — — 1 — — Corporate debt 416 1 — (96) — (191) — 130 3 — RMBS 173 5 — (12) — — — 166 (3) — CMBS 28 (1) — — — — — 27 (1) — CLO/ABS 910 36 — 18 1 (7) 52 1,010 24 — Total other bond securities 1,527 41 — (89) 1 (198) 52 1,334 23 — Equity securities 39 — — 27 8 — — 74 — — Other invested assets 2,075 (52) 5 58 — — — 2,086 (50) — Other assets 107 — — 3 — — — 110 — — Total (a) $ 28,647 $ 55 $ 309 $ 642 $ 382 $ (769) $ 60 $ 29,326 $ (27) $ 191 (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 5,367 $ 381 $ — $ 316 $ — $ — $ — $ 6,064 $ (368) $ — Derivative liabilities, net: Interest rate contracts (311) 57 — (102) — — — (356) (50) — Equity contracts (271) (56) — (175) — — — (502) 51 136 Other contracts (14) (16) — 16 — — — (14) 16 — Total derivative liabilities, net (b) (596) (15) — (261) — — — (872) 17 136 Fortitude Re funds withheld payable (2,235) 1,165 — (793) — — — (1,863) (759) — Other liabilities 112 — — — — — — 112 — — Total (c) $ 2,648 $ 1,531 $ — $ (738) $ — $ — $ — $ 3,441 $ (1,110) $ 136 (a) Excludes MRB assets of $1.2 billion at March 31, 2024 and $830 million at March 31, 2023. 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 $5.2 billion at March 31, 2024 and $5.1 billion at March 31, 2023. 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 March 31, 2024 Assets: Bonds available for sale $ 174 $ (32) $ — $ — $ 142 Other bond securities 25 — — — 25 Equity securities 3 — — — 3 Other invested assets (91) (1) — — (92) Three Months Ended March 31, 2023 Assets: Bonds available for sale $ 62 $ 4 $ — $ — $ 66 Other bond securities 41 — — — 41 Other invested assets (51) (1) — — (52) (in millions) Net Net Realized Change in the fair value of market risk benefits, net (c) Other Total Three Months Ended March 31, 2024 Liabilities: Policyholder contract deposits (a) $ — $ 452 $ — $ — $ 452 Market risk benefit liabilities, net (b) — (2) (1,069) — (1,071) Derivative liabilities, net — (152) 62 (15) (105) Fortitude Re funds withheld payable — (13) — — (13) Other Liabilities — (30) — — (30) Three Months Ended March 31, 2023 Liabilities: Policyholder contract deposits (a) $ — $ 381 $ — $ — $ 381 Market risk benefit liabilities, net (b) — — 87 — 87 Derivative liabilities, net — (88) 89 (16) (15) Fortitude Re funds withheld payable — 1,165 — — 1,165 (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 Other comprehensive income (loss) (OCI) . The following table presents the gross components of purchases, sales, issuances and settlements, net, shown above, for the three months ended March 31, 2024 and 2023 related to Level 3 assets and liabilities in the Condensed Consolidated Balance Sheets: (in millions) Purchases Sales Issuances and Settlements (a) Purchases, Sales, Issuances and Settlements, Net (a) Three Months Ended March 31, 2024 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 1 $ — $ (1) $ — Corporate debt 8 (3) (34) (29) RMBS 574 (1) (244) 329 CMBS — (30) (73) (103) CLO/ABS 1,894 (56) (564) 1,274 Total bonds available for sale 2,477 (90) (916) 1,471 Other bond securities: RMBS 3 — (4) (1) CLO/ABS 41 — (61) (20) Total other bond securities 44 — (65) (21) Other invested assets 63 — (96) (33) Other assets — — (114) (114) Total $ 2,584 $ (90) $ (1,191) $ 1,303 (in millions) Purchases Sales Issuances and Settlements (a) Purchases, Sales, Issuances and Settlements, Net (a) Liabilities: Policyholder contract deposits $ — $ 332 $ (176) $ 156 Derivative liabilities, net (194) 6 85 (103) Fortitude Re funds withheld payable — — (125) (125) Total $ (194) $ 338 $ (216) $ (72) Three Months Ended March 31, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 1 $ (4) $ (4) $ (7) Corporate Debt 21 — (222) (201) RMBS 290 (19) (261) 10 CMBS 10 (6) (3) 1 CLO/ABS 897 (3) (54) 840 Total bonds available for sale 1,219 (32) (544) 643 Other bond securities: Obligations of states, municipalities and political subdivisions 1 — — 1 Corporate debt — — (96) (96) RMBS 5 — (17) (12) CLO/ABS 46 (4) (24) 18 Total other bond securities 52 (4) (137) (89) Equity securities 29 — (2) 27 Other invested assets 72 — (14) 58 Other assets — — 3 3 Total $ 1,372 $ (36) $ (694) $ 642 Liabilities: Policyholder contract deposits $ — $ 326 $ (10) $ 316 Derivative liabilities, net (260) 5 (6) (261) Fortitude Re funds withheld payable — — (793) (793) Total $ (260) $ 331 $ (809) $ (738) (a) There were no issuances during the three months ended March 31, 2024 and 2023. Both observable and unobservable inputs may be used to determine the fair values of positions classified in Level 3 in the tables above. As a result, the unrealized gains (losses) on instruments held at March 31, 2024 and 2023 may include changes in fair value that were attributable to both observable (e.g., changes in market interest rates) and unobservable inputs (e.g., changes in unobservable long-dated volatilities). 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 $(11) million and $7 million of net gains (losses) related to assets and liabilities transferred into Level 3 during the three months ended March 31, 2024 and 2023, respectively, and includes $4 million and $(5) million of net gains (losses) related to assets and liabilities transferred out of Level 3 during the three months ended March 31, 2024 and 2023, respectively. Transfers of Level 3 Assets During the three months ended March 31, 2024 and 2023, transfers into Level 3 assets primarily included certain investments in private placement corporate debt, 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 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 months ended March 31, 2024 and 2023, transfers out of Level 3 assets primarily included certain investments in private placement corporate debt, residential mortgage-backed securities (RMBS), CMBS and CLO/ABS. Transfers of private placement corporate debt and certain ABS out of Level 3 assets were based on consideration of market liquidity as well as related transparency of pricing and associated observable inputs for these investments. Transfers of certain investments in private placement corporate debt and certain ABS out of Level 3 assets were primarily the result of using observable pricing information that reflects the fair value of those securities without the need for adjustment based on our own assumptions regarding the characteristics of a specific security or the current liquidity in the market. Transfers of Level 3 Liabilities There were no significant transfers of derivative or other liabilities into or out of Level 3 for the three months ended March 31, 2024 and 2023. 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 $ 809 Discounted cash flow Yield 5.10% - 5.39% (5.24%) Corporate debt 1,945 Discounted cash flow Yield 4.94% - 10.81% (7.65%) RMBS (a) 4,672 Discounted cash flow Constant prepayment rate 4.40% - 10.02% (7.21%) Loss severity 35.81% - 84.47% (60.14%) Constant default rate 0.78% - 2.56% (1.67%) Yield 5.66% - 7.02% (6.34%) CLO/ABS (a) 16,371 Discounted cash flow Yield 5.81% - 7.89% (6.85%) CMBS 547 Discounted cash flow Yield 5.22% - 18.38% (11.41%) Market risk benefit assets 1,172 Discounted cash flow Equity volatility 6.35% - 49.95% Base lapse rate 0.16% - 28.80% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 38.25% - 160.01% Utilization (g) 80.00% - 100.00% Equity / interest rate correlation 0.00% - 30.00% NPA (h) 0.06% - 2.33% Liabilities (d) : Market risk benefit liabilities: Variable annuities guaranteed benefits 1,675 Discounted cash flow Equity volatility 6.35% - 49.95% Base lapse rate 0.16% - 28.80% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 38.25% - 160.01% Utilization (g) 80.00% - 100.00% Equity / interest rate correlation 0.00% - 30.00% NPA (h) 0.06% - 2.33% Fixed annuities guaranteed benefits 1,130 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 (g) 90.00% - 97.50% NPA (h) 0.06% - 2.33% Fixed index annuities guaranteed benefits 2,362 Discounted cash flow Equity volatility 6.35% - 49.95% Base lapse rate 0.20% - 50.00% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 24.00% - 146.00% Utilization (g) 60.00% - 97.50% Option budget 0.00% - 6.00% Equity / interest rate correlation 0.00% - 30.00% NPA (h) 0.06% - 2.33% (in millions) Fair Value at Valuation Unobservable Input (b) Range (Weighted Average) (c) Embedded derivatives within Policyholder contract deposits: Index credits on fixed index annuities (i) 7,603 Discounted cash flow Equity volatility 6.35% - 49.95% Base lapse rate 0.20% - 50.00% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 24.00% - 146.00% Utilization (g) 60.00% - 97.50% Option budget 0.00% - 6.00% Equity / interest rate correlation 0.00% - 30.00% NPA (h) 0.06% - 2.33% Index universal life 947 Discounted cash flow Base lapse rate 0.00% - 37.97% Mortality rate 0.00% - 100.00% Equity volatility 5.85% - 19.95% NPA (h) 0.06% - 2.33% (in millions) Fair Value at Valuation Unobservable Input (b) Range (Weighted Average) (c) Assets: Obligations of states, municipalities and political subdivisions $ 824 Discounted cash flow Yield 4.97% - 5.31% (5.14%) Corporate debt 1,803 Discounted cash flow Yield 5.19% - 8.48% (6.83%) RMBS (a) 4,656 Discounted cash flow Constant prepayment rate 4.34% - 9.99% (7.17%) Loss severity 33.56% - 87.59% (60.57%) Constant default rate 0.76% - 2.56% (1.66%) Yield 6.13% - 7.41% (6.77%) CLO/ABS (a) 14,242 Discounted cash flow Yield 5.62% - 7.89% (6.76%) CMBS 587 Discounted cash flow Yield 5.62% - 17.85% (11.73%) Market risk benefit assets 912 Discounted cash flow Equity volatility 6.25% - 49.75% Base lapse rate 0.16% - 28.80% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 38.25% - 160.01% Utilization (g) 80.00% - 100.00% Equity / interest rate correlation 0.00% - 30.00% NPA (h) 0.00% - 2.29% Liabilities (d) : Market risk benefit liabilities: Variable annuities guaranteed benefits 2,174 Discounted cash flow Equity volatility 6.25% - 49.75% Base lapse rate 0.16% - 28.80% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 38.25% - 160.01% Utilization (g) 80.00% - 100.00% Equity / interest rate correlation 0.00% - 30.00% NPA (h) 0.00% - 2.29% Fixed annuities guaranteed benefits 1,111 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 (g) 90.00% - 97.50% NPA (h) 0.00% - 2.29% Fixed index annuities guaranteed benefits 2,420 Discounted cash flow Equity volatility 6.25% - 49.75% Base lapse rate 0.20% - 50.00% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 24.00% - 146.00% Utilization (g) 60.00% - 97.50% Option budget 0.00% - 6.00% Equity / interest rate correlation 0.00% - 30.00% NPA (h) 0.00% - 2.29% (in millions) Fair Value at Valuation Unobservable Input (b) Range (Weighted Average) (c) Embedded derivatives within Policyholder contract deposits: Index credits on fixed index annuities (i) 6,953 Discounted cash flow Equity volatility 6.25% - 49.75% Base lapse rate 0.20% - 50.00% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 24.00% - 146.00% Utilization (g) 60.00% - 97.50% Option budget 0.00% - 6.00% Equity / interest rate correlation 0.00% - 30.00% NPA (h) 0.00% - 2.29% Index universal life 989 Discounted cash flow Base lapse rate 0.00% - 37.97% Mortality rate 0.00% - 100.00% Equity volatility 5.85% - 20.36% NPA (h) 0.00% - 2.29% (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 modified coinsurance (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 partial withdrawal utilization unobservable input range shown applies only to policies with GMWB riders. (h) The non-performance risk adjustment (NPA) applied as a spread over risk-free curve for discounting. (i) The fixed index annuities embedded derivative associated with index credits related to the contracts with guaranteed product features included in policyholder contract deposits was $1.7 billion and $1.5 billion at March 31, 2024 and December 31, 2023, respectively. The ranges of reported inputs for Obligations of states, municipalities and political subdivisions, Corporate debt, RMBS, CLO/ABS, and CMBS valued using a discounted cash flow technique consist of one standard deviation in either direction from the value‑weighted average. The preceding table does not give effect to our risk management practices that might offset risks inherent in these Level 3 assets and liabilities. Interrelationships Between Unobservable Inputs We consider unobservable inputs to be those for which market data is not available and that are developed using the best information available to us about the assumptions that market participants would use when pricing the asset or liability. Relevant inputs vary depending on the nature of the instrument being measured at fair value. The following paragraphs provide a general description of significant unobservable inputs along with interrelationships between and among the significant unobservable inputs and their impact on the fair value measurements. In practice, simultaneous changes in assumptions may not always have a linear effect on the inputs discussed below. Interrelationships may also exist between observable and unobservable inputs. Such relationships have not been included in the discussion below. For each of the individual relationships described below, the inverse relationship would also generally apply. Fixed Maturity Securities The significant unobservable input used in the fair value measurement of fixed maturity securities is yield. The yield is affected by the market movements in credit spreads and U.S. Treasury yields. The yield may be affected by other factors including constant prepayment rates, loss severity, and constant default rates. In general, increases in the yield would decrease the fair value of investments, and conversely, decreases in the yield would increase the fair value of investments. MRBs and Embedded Derivatives within Policyholder Contract Deposits For MRBs and embedded derivatives, the assumptions for unobservable inputs vary throughout the period over which cash flows are projected for valuation purposes. The following are applicable unobservable inputs: • Long-term equity volatilities represent equity volatility beyond the period for which observable equity volatilities are available. Increases in assumed volatility will generally increase the fair value of both the projected cash flows from rider fees as well as the projected cash flows related to benefit payments. Therefore, the net change in the fair value of the liability may be either a decrease or an increase, depending on the relative changes in projected rider fees and projected benefit payments. • Equity and interest rate correlation estimates the relationship between changes in equity returns and interest rates in the economic scenario generator used to value our MRBs. In general, a higher positive correlation assumes that equity markets and interest rates move in a more correlated fashion, which generally increases the fair value of the liability. Only our fixed index annuities with a GMWB rider are subject to the equity and interest correlation assumption. Other policies such as accumulation fixed index annuity and life products do not use a correlation assumption. • Base lapse rate assumptions are determined by company experience and judgment and are adjusted at the contract level using a dynamic lapse function, which reduces the base lapse rate when the contract is in-the-money (when the contract holder’s guaranteed value, as estimated by the company, is worth more than their underlying account value). Lapse rates are also generally assumed to be lower in periods when a surrender charge applies. Increases in assumed lapse rates will generally decrease the fair value of the liability as fewer policyholders would persist to collect guaranteed benefit amounts. • Mortality rate assumptions, which vary by age and gender, are based on company experience and include a mortality improvement assumption. Increases in assumed mortality rates will decrease the fair value of the GMWB liability, while lower mortality rate assumptions will generally increase the fair value of the liability because guaranteed withdrawal payments will be made for a longer period of time and generally exceed any decrease in guaranteed death benefits. • Utilization assumptions estimate the timing when policyholders with a GMWB will elect to utilize their benefit and begin taking withdrawals. The assumptions may vary by the type of guarantee, tax-qualified status, the contract’s withdrawal history and the age of the policyholder. Utilization assumptions are based on company experience, which includes partial withdrawal behavior. Increases in assumed utilization rates will generally increase the fair value of the liability. • Non-performance or “own credit” risk adjustment used in the valuation of MRBs and embedded derivatives, which reflects a market participant’s view of our claims-paying ability by incorporating a different spread (the NPA spread) to the curve used to discount projected benefit cash flows. When corporate credit spreads widen, the change in the NPA spread generally reduces the fair value of the MRBs and embedded derivatives, resulting in a gain in AOCI or Net realized gains (losses), respectively, and when corporate credit spreads narrow or tighten, the change in the NPA spread generally increases the fair value of the MRBs and embedded derivatives, resulting in a loss in AOCI or Net realized gains (losses), respectively. • 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 the fair value of projected cash flows a

Investments

Investments	3 Months Ended
	Mar. 31, 2024
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 (b) Gross Unrealized Losses (b) Fair Value March 31, 2024 Bonds available for sale: U.S. government and government sponsored entities $ 6,157 $ — $ 23 $ (391) $ 5,789 Obligations of states, municipalities and political subdivisions 10,894 — 85 (886) 10,093 Non-U.S. governments 13,310 — 109 (1,451) 11,968 Corporate debt 153,436 (84) 1,598 (19,132) 135,818 Mortgage-backed, asset-backed and collateralized: RMBS 21,841 (24) 849 (1,245) 21,421 CMBS 15,563 (17) 68 (1,126) 14,488 CLO/ABS 33,866 — 234 (1,190) 32,910 Total mortgage-backed, asset-backed and collateralized 71,270 (41) 1,151 (3,561) 68,819 Total bonds available for sale (c) $ 255,067 $ (125) $ 2,966 $ (25,421) $ 232,487 December 31, 2023 Bonds available for sale: U.S. government and government sponsored entities $ 5,885 $ — $ 58 $ (327) $ 5,616 Obligations of states, municipalities and political subdivisions 11,387 — 118 (842) 10,663 Non-U.S. governments 13,668 (3) 137 (1,349) 12,453 Corporate debt 154,674 (90) 1,898 (18,050) 138,432 Mortgage-backed, asset-backed and collateralized: RMBS 20,875 (35) 821 (1,217) 20,444 CMBS 15,379 (34) 46 (1,263) 14,128 CLO/ABS 31,167 — 183 (1,353) 29,997 Total mortgage-backed, asset-backed and collateralized 67,421 (69) 1,050 (3,833) 64,569 Total bonds available for sale (c) $ 253,035 $ (162) $ 3,261 $ (24,401) $ 231,733 (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 March 31, 2024, includes mark to market movement relating to embedded derivatives. (c) At March 31, 2024 and December 31, 2023, the fair value of bonds available for sale held by us that were below investment grade or not rated totaled $16.9 billion or 7 percent and $17.1 billion or 7 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 March 31, 2024 Bonds available for sale: U.S. government and government sponsored entities $ 2,600 $ 33 $ 1,486 $ 358 $ 4,086 $ 391 Obligations of states, municipalities and political subdivisions 2,150 134 5,187 752 7,337 886 Non-U.S. governments 2,007 148 7,424 1,302 9,431 1,450 Corporate debt 16,567 2,141 91,020 16,952 107,587 19,093 RMBS 4,044 189 7,877 1,025 11,921 1,214 CMBS 1,678 70 8,664 1,050 10,342 1,120 CLO/ABS 6,593 154 12,577 1,036 19,170 1,190 Total bonds available for sale $ 35,639 $ 2,869 $ 134,235 $ 22,475 $ 169,874 $ 25,344 December 31, 2023 Bonds available for sale: U.S. government and government sponsored entities $ 1,046 $ 12 $ 1,550 $ 315 $ 2,596 $ 327 Obligations of states, municipalities and political subdivisions 1,994 133 5,218 709 7,212 842 Non-U.S. governments 1,901 168 7,483 1,175 9,384 1,343 Corporate debt 15,483 1,936 93,649 16,076 109,132 18,012 RMBS 4,154 288 7,246 880 11,400 1,168 CMBS 2,864 219 8,192 1,027 11,056 1,246 CLO/ABS 6,965 202 13,436 1,151 20,401 1,353 Total bonds available for sale $ 34,407 $ 2,958 $ 136,774 $ 21,333 $ 171,181 $ 24,291 * At March 31, 2024, includes mark to market movement relating to embedded derivatives. At March 31, 2024, we held 27,875 individual fixed maturity securities that were in an unrealized loss position and for which no allowance for credit losses has been recorded (including 22,726 individual fixed maturity securities that were in a continuous unrealized loss position for 12 months or more). At December 31, 2023, we held 27,930 individual fixed maturity securities that were in an unrealized loss position and for which no allowance for credit losses has been recorded (including 22,663 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 March 31, 2024 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: March 31, 2024 Total Fixed Maturity Securities (in millions) Amortized Cost, Fair Value Due in one year or less $ 8,347 $ 8,235 Due after one year through five years 47,710 46,259 Due after five years through ten years 39,506 36,657 Due after ten years 88,150 72,517 Mortgage-backed, asset-backed and collateralized 71,229 68,819 Total $ 254,942 $ 232,487 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 March 31, 2024 2023 (in millions) Gross Gross Gross Gross Fixed maturity securities $ 20 $ 463 $ 146 $ 598 For the three months ended March 31, 2024 and 2023, the aggregate fair value of available for sale securities sold was $4.9 billion and $10.8 billion, respectively, which resulted in net realized gains (losses) of $(443) million and $(452) million, respectively. Included within the net realized gains (losses) are $(37) million and $(65) million of net realized gains (losses) for the three months ended March 31, 2024 and 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. 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) March 31, 2024 December 31, 2023 Fair Percent Fair Percent Fixed maturity securities: Obligations of states, municipalities and political subdivisions $ 90 1 % $ 91 2 % Non-U.S. governments 39 1 37 1 Corporate debt 2,997 48 2,908 49 Mortgage-backed, asset-backed and collateralized: RMBS 273 4 263 4 CMBS 283 5 261 4 CLO/ABS and other collateralized 1,721 28 1,681 28 Total mortgage-backed, asset-backed and collateralized 2,277 37 2,205 36 Total fixed maturity securities 5,403 87 5,241 88 Equity securities 797 13 728 12 Total $ 6,200 100 % $ 5,969 100 % OTHER INVESTED ASSETS The following table summarizes the carrying amounts of other invested assets: (in millions) March 31, 2024 December 31, 2023 Alternative investments (a)(b) $ 11,195 $ 11,320 Investment real estate (c) 2,159 2,237 All other investments (d) 2,623 2,660 Total $ 15,977 $ 16,217 (a) At March 31, 2024, included hedge funds of $0.7 billion and private equity funds of $10.5 billion. At December 31, 2023, included hedge funds of $0.7 billion and private equity funds of $10.6 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 six 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 March 31, 2024 and December 31, 2023, the accumulated depreciation was $834 million and $853 million, respectively. (d) Includes AIG's ownership interest in Fortitude Group Holdings, LLC (FRL), and DaVinciRe Holdings Ltd, Class D (DVRH), which are recorded using the measurement alternative for equity securities. Our investment in FRL totaled $156 million and $156 million at March 31, 2024 and December 31, 2023, respectively. Our investment in DVRH totaled $300 million and $300 million at March 31, 2024 and December 31, 2023, respectively. NET INVESTMENT INCOME The following table presents the components of Net investment income: Three Months Ended March 31, 2024 2023 (in millions) Excluding Fortitude Fortitude Re Total Excluding Fortitude Fortitude Re Total Available for sale fixed maturity securities, including short-term investments $ 2,946 $ 216 $ 3,162 $ 2,546 $ 243 $ 2,789 Other fixed maturity securities 9 71 80 12 123 135 Equity securities 99 — 99 51 — 51 Interest on mortgage and other loans 649 57 706 567 59 626 Alternative investments (a) 8 33 41 76 31 107 Real estate 5 (7) (2) 3 — 3 Other investments 33 7 40 28 (1) 27 Total investment income 3,749 377 4,126 3,283 455 3,738 Investment expenses 214 8 222 196 9 205 Net investment income $ 3,535 $ 369 $ 3,904 $ 3,087 $ 446 $ 3,533 (a) 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. NET REALIZED GAINS AND LOSSES The following table presents the components of Net realized gains (losses): Three Months Ended March 31, 2024 2023 (in millions) Excluding Fortitude Fortitude Re Total Excluding Fortitude Fortitude Re Total Sales of fixed maturity securities $ (406) $ (37) $ (443) $ (387) $ (65) $ (452) Intent to sell (16) (32) (48) — — — Change in allowance for credit losses on fixed maturity securities (62) (6) (68) (16) — (16) Change in allowance for credit losses on loans (23) 1 (22) (42) (21) (63) Foreign exchange transactions 14 (14) — 114 16 130 Index-linked interest credited embedded derivatives, net of related hedges 90 — 90 (178) — (178) All other derivatives and hedge accounting* 123 (90) 33 (217) 38 (179) Sales of alternative investments and real estate investments 30 (1) 29 4 1 5 Other (8) — (8) 9 — 9 Net realized gains (losses) – excluding Fortitude Re funds withheld embedded derivative (258) (179) (437) (713) (31) (744) Net realized gains (losses) on Fortitude Re funds withheld embedded derivative — 13 13 — (1,165) (1,165) Net realized gains (losses) $ (258) $ (166) $ (424) $ (713) $ (1,196) $ (1,909) * 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 March 31, (in millions) 2024 2023 Increase (decrease) in unrealized appreciation (depreciation) of investments: Fixed maturity securities $ (1,214) $ 5,005 Total increase (decrease) in unrealized appreciation (depreciation) of investments* $ (1,214) $ 5,005 * Excludes net unrealized gains and losses attributable to businesses held for sale at March 31, 2024. 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 March 31, 2024 2023 (in millions) Equities Other Total Equities Other Total Net gains recognized during the period on equity securities and other investments $ 99 $ 153 $ 252 $ 51 $ 110 $ 161 Less: Net gains recognized during the period on equity securities and other investments sold during the period 67 2 69 153 1 154 Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date $ 32 $ 151 $ 183 $ (102) $ 109 $ 7 EVALUATING INVESTMENTS FOR AN ALLOWANCE FOR CREDIT LOSSES AND IMPAIRMENTS For a discussion of our policy for evaluating investments for an allowance for credit losses, see Note 6 to the Consolidated Financial Statements in the 2023 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 March 31, 2024 2023 (in millions) Structured Non- Total Structured Non- Total Balance, beginning of year $ 69 $ 93 $ 162 $ 46 $ 140 $ 186 Additions: Securities for which allowance for credit losses were not previously recorded 13 20 33 2 22 24 Reductions: Securities sold during the period (15) (8) (23) (1) (10) (11) 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 12 23 35 (4) (4) (8) Write-offs charged against the allowance (39) (44) (83) — (50) (50) Other 1 — 1 2 (7) (5) Balance, end of period $ 41 $ 84 $ 125 $ 45 $ 91 $ 136 Purchased Credit Deteriorated 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 three months ended March 31, 2024 and 2023. 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) March 31, 2024 December 31, 2023 Fixed maturity securities available for sale $ 3,651 $ 2,723 At March 31, 2024 and December 31, 2023, amounts borrowed under repurchase and securities lending agreements totaled $3.6 billion and $2.6 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 March 31, 2024 Bonds available for sale: Non-U.S. governments $ — $ 51 $ — $ — $ — $ 51 Corporate debt 14 3,586 — — — 3,600 Total $ 14 $ 3,637 $ — $ — $ — $ 3,651 December 31, 2023 Bonds available for sale: Non-U.S. governments $ — $ 277 $ — $ — $ — $ 277 Corporate debt 38 2,408 — — — 2,446 Total $ 38 $ 2,685 $ — $ — $ — $ 2,723 We also enter into agreements in which securities are purchased by us under agreements to resell (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) March 31, 2024 December 31, 2023 Securities collateral pledged to us $ 934 $ 1,200 At March 31, 2024 and December 31, 2023, the carrying value of reverse repurchase agreements totaled $927 million and $1.1 billion, respectively. 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 $18.5 billion and $16.5 billion at March 31, 2024 and December 31, 2023, 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 $288 million and $283 million of stock in FHLBs at March 31, 2024 and December 31, 2023, 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 $6.2 billion and $3.1 billion, respectively, at March 31, 2024 and $6.5 billion and $3.0 billion, respectively, at December 31, 2023. 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 $77 million and $63 million, at March 31, 2024 and December 31, 2023, 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 $164 million and $164 million, comprised of bonds available for sale and short-term investments at March 31, 2024 and December 31, 2023, respectively. Reinsurance transactions between AIG and Fortitude Re were structured as modco and loss portfolio transfer arrangements with funds withheld.

Lending Activities

Lending Activities	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Lending Activities	7. Lending Activities The following table presents the composition of Mortgage and other loans receivable, net: (in millions) March 31, 2024 December 31, 2023 Commercial mortgages (a) $ 38,478 $ 38,009 Residential mortgages 9,241 8,689 Life insurance policy loans 1,753 1,753 Commercial loans, other loans and notes receivable (b) 3,869 3,940 Total mortgage and other loans receivable (c) 53,341 52,391 Allowance for credit losses (c) (d) (866) (838) Mortgage and other loans receivable, net (c) $ 52,475 $ 51,553 (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 10 percent, respectively, at March 31, 2024 and 18 percent and 11 percent, respectively, at December 31, 2023). (b) There were no loans that were held for sale carried at lower of cost or market as of March 31, 2024 and December 31, 2023. (c) Excludes $37.6 billion at both March 31, 2024 and December 31, 2023 of loan receivable from AIG Financial Products Corp. (AIGFP), which has a full allowance for credit losses, recognized upon the deconsolidation of AIGFP. For additional information, see Note 1 to the Consolidated Financial Statements in the 2023 Annual Report. (d) Does not include allowance for credit losses of $55 million and $67 million, respectively, at March 31, 2024 and December 31, 2023, 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 March 31, 2024, $32 million and $656 million of residential mortgage loans and commercial mortgage loans, respectively, were placed on nonaccrual status. As of December 31, 2023, $27 million and $492 million of residential mortgage loans and commercial mortgage loans, respectively, were placed on nonaccrual status. Accrued interest is presented separately and is included in Accrued investment income on the Condensed Consolidated Balance Sheets. As of March 31, 2024, accrued interest receivable was $34 million and $187 million associated with residential mortgage loans and commercial mortgage loans, respectively. As of December 31, 2023, accrued interest receivable was $20 million and $183 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: March 31, 2024 2024 2023 2022 2021 2020 Prior Total (in millions) >1.2X $ 659 $ 2,388 $ 6,371 $ 2,577 $ 1,412 $ 17,872 $ 31,279 1.00 - 1.20X 90 420 1,148 1,528 368 2,773 6,327 <1.00X — — 50 — — 822 872 Total commercial mortgages $ 749 $ 2,808 $ 7,569 $ 4,105 $ 1,780 $ 21,467 $ 38,478 December 31, 2023 2023 2022 2021 2020 2019 Prior Total (in millions) >1.2X $ 2,555 $ 6,209 $ 2,349 $ 1,387 $ 4,969 $ 13,459 $ 30,928 1.00 - 1.20X 295 1,149 1,574 369 177 2,632 6,196 <1.00X — 50 — — — 835 885 Total commercial mortgages $ 2,850 $ 7,408 $ 3,923 $ 1,756 $ 5,146 $ 16,926 $ 38,009 The following table presents loan-to-value ratios (b) for commercial mortgages by year of vintage: March 31, 2024 2024 2023 2022 2021 2020 Prior Total (in millions) Less than 65% $ 749 $ 2,520 $ 4,716 $ 2,858 $ 1,329 $ 13,730 $ 25,902 65% to 75% — 288 2,225 798 286 5,204 8,801 76% to 80% — — — 99 — 836 935 Greater than 80% — — 628 350 165 1,697 2,840 Total commercial mortgages $ 749 $ 2,808 $ 7,569 $ 4,105 $ 1,780 $ 21,467 $ 38,478 December 31, 2023 2023 2022 2021 2020 2019 Prior Total (in millions) Less than 65% $ 2,446 $ 4,629 $ 2,741 $ 1,303 $ 2,832 $ 11,571 $ 25,522 65% to 75% 290 1,763 794 288 1,937 3,220 8,292 76% to 80% — 375 99 — 377 340 1,191 Greater than 80% 114 641 289 165 — 1,795 3,004 Total commercial mortgages $ 2,850 $ 7,408 $ 3,923 $ 1,756 $ 5,146 $ 16,926 $ 38,009 (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 periods ended March 31, 2024 and December 31, 2023. 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 60 percent at both periods ended March 31, 2024 and December 31, 2023. 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 March 31, 2024 Past Due Status: In good standing 610 $ 15,268 $ 9,573 $ 4,172 $ 6,572 $ 2,039 $ 523 $ 38,147 99 % 90 days or less delinquent (a) 2 — 61 200 — — — 261 1 >90 days delinquent or in process of foreclosure 2 — 29 41 — — — 70 — Total (b) 614 $ 15,268 $ 9,663 $ 4,413 $ 6,572 $ 2,039 $ 523 $ 38,478 100 % Allowance for credit losses $ 82 $ 441 $ 113 $ 98 $ 43 $ 7 $ 784 2 % Number Class Percent (dollars in millions) Apartments Offices Retail Industrial Hotel Others Total December 31, 2023 Past Due Status: In good standing 610 $ 15,129 $ 9,679 $ 4,263 $ 6,367 $ 2,053 $ 446 $ 37,937 100 % 90 days or less delinquent 1 — 29 — — — — 29 — >90 days delinquent or in process of foreclosure 1 — — 43 — — — 43 — Total (b) 612 $ 15,129 $ 9,708 $ 4,306 $ 6,367 $ 2,053 $ 446 $ 38,009 100 % Allowance for credit losses $ 94 $ 415 $ 109 $ 90 $ 38 $ 6 $ 752 2 % (a) Includes $61 million of Office loans and $20 million of Retail loans supporting the Fortitude Re funds withheld arrangements, 90 days or less delinquent, at March 31, 2024. (b) Does not reflect allowance for credit losses. The following table presents credit quality performance indicators for residential mortgages by year of vintage: March 31, 2024 2024 2023 2022 2021 2020 Prior Total (in millions) FICO*: 780 and greater $ 55 $ 699 $ 594 $ 2,295 $ 643 $ 845 $ 5,131 720 - 779 198 1,134 539 543 151 345 2,910 660 - 719 69 364 232 131 40 168 1,004 600 - 659 — 12 34 18 10 59 133 Less than 600 — 2 18 9 5 29 63 Total residential mortgages $ 322 $ 2,211 $ 1,417 $ 2,996 $ 849 $ 1,446 $ 9,241 December 31, 2023 2023 2022 2021 2020 2019 Prior Total (in millions) FICO*: 780 and greater $ 514 $ 589 $ 2,283 $ 622 $ 240 $ 608 $ 4,856 720 - 779 1,121 625 560 169 99 243 2,817 660 - 719 313 257 113 40 37 128 888 600 - 659 2 20 11 8 9 53 103 Less than 600 — 1 2 2 4 16 25 Total residential mortgages $ 1,950 $ 1,492 $ 2,969 $ 841 $ 389 $ 1,048 $ 8,689 * Fair Isaac Corporation (FICO) is the credit quality indicator used to evaluate consumer credit risk for residential mortgage loan borrowers and scores have been updated within the last twelve months. FICO scores for residential mortgage investor loans to corporate entities are those of the guarantor at time of purchase. On March 31, 2024 and December 31, 2023 residential loans direct to consumers totaled $2.3 billion and $1.7 billion, respectively. METHODOLOGY USED TO ESTIMATE THE ALLOWANCE FOR CREDIT LOSSES 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 March 31, 2024 (b) 2023 (in millions) Commercial Other Total Commercial Other Total Allowance, beginning of year $ 752 $ 86 $ 838 $ 640 $ 76 $ 716 Loans charged off — (6) (6) — — — Net charge-offs — (6) (6) — — — Addition to (release of) allowance for loan losses 32 2 34 66 4 70 Allowance, end of period $ 784 $ 82 $ 866 $ 706 $ 80 $ 786 (a) Does not include allowance for credit losses of $55 million and $62 million, respectively, at March 31, 2024 and 2023 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 March 31, 2024 and December 31, 2023, 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 to the Consolidated Financial Statements in the 2023 Annual Report. 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 months ended March 31, 2024, commercial mortgage loans with an amortized cost of $17 million supporting the funds withheld arrangements with Fortitude Re and commercial loans, other loans and notes receivable with an amortized cost of $168 million (none of which were supporting the funds withheld arrangements with Fortitude Re, and $168 million of which is related to the loans previously modified in 2023) were granted term extensions. The modified loans represent less than 1 percent and 4 percent, respectively, of these 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 three months ended March 31, 2024 and 2023, that had been previously modified with borrowers experiencing financial difficulties.

Reinsurance

Reinsurance	3 Months Ended
	Mar. 31, 2024
Insurance [Abstract]
Reinsurance	8. Reinsurance 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 March 31, 2024, approximately $26.9 billion of reserves from our Life and Retirement Run-Off Lines and approximately $2.9 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: March 31, 2024 December 31, 2023 (in millions) Carrying Fair Carrying Fair Corresponding Accounting Policy Fixed maturity securities - available for sale (a) $ 16,726 $ 16,726 $ 17,384 $ 17,384 Fair value through other comprehensive income (loss) Fixed maturity securities - fair value option 5,035 5,035 4,867 4,867 Fair value through net investment income Commercial mortgage loans 3,882 3,614 3,921 3,685 Amortized cost Real estate investments 175 302 184 329 Amortized cost Private equity funds / hedge funds 1,920 1,920 1,910 1,910 Fair value through net investment income Policy loans 325 325 330 330 Amortized cost Short-term investments 178 178 176 176 Fair value through net investment income Funds withheld investment assets 28,241 28,100 28,772 28,681 Derivative assets, net (b) 14 14 45 45 Fair value through net realized gains (losses) Other (c) 675 675 758 758 Amortized cost Total $ 28,930 $ 28,789 $ 29,575 $ 29,484 (a) The change in the net unrealized gains (losses) on available for sale securities related to the Fortitude Re funds withheld assets was $(163) million ($(128) million after-tax) and $704 million ($556 million after-tax), respectively for the three months ended March 31, 2024 and 2023. (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 $17 million and $27 million, respectively, as of March 31, 2024. The derivative assets and liabilities supporting the Fortitude Re funds withheld arrangements had a fair market value of $63 million and $34 million, respectively, as of December 31, 2023. 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 March 31, (in millions) 2024 2023 Net investment income - Fortitude Re funds withheld assets $ 369 $ 446 Net realized gains (losses) on Fortitude Re funds withheld assets: Net realized losses - Fortitude Re funds withheld assets (179) (31) Net realized gains (losses) - Fortitude Re funds withheld embedded derivative 13 (1,165) Net realized losses on Fortitude Re funds withheld assets (166) (1,196) Income (loss) from continuing operations before income tax expense (benefit) 203 (750) Income tax expense (benefit) (a) 43 (158) Net income (loss) 160 (592) Change in unrealized appreciation (depreciation) of all other investments (a) (128) 556 Comprehensive income (loss) $ 32 $ (36) (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 March 31, 2024 were $71.1 billion. As of that date, utilizing AIG’s ORRs, (i) approximately 90 percent of the reinsurance recoverables were investment grade, of which 49 percent related to General Insurance and 41 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 one percent of the reinsurance recoverables related to entities that were not rated by AIG. The total reinsurance recoverables as of December 31, 2023 were $69.8 billion. As of that date, utilizing AIG’s ORRs, (i) approximately 90 percent of the reinsurance recoverables were investment grade, of which 51 percent related to General Insurance and 39 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; (iii) approximately one percent of the reinsurance recoverables related to entities that were not rated by AIG. As of March 31, 2024 and December 31, 2023, approximately 82 percent and 83 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 March 31, 2024 2023 (in millions) General Insurance Life and Retirement Total General Insurance Life and Retirement Total Balance, beginning of year $ 255 $ 30 $ 285 $ 260 $ 84 $ 344 Addition to (release of) allowance for expected credit losses and disputes, net 1 (10) (9) (3) (10) (13) Write-offs charged against the allowance for credit losses and disputes (1) (2) (3) (1) — (1) Other changes — — — (3) — (3) Balance, end of period $ 255 $ 18 $ 273 $ 253 $ 74 $ 327 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	3 Months Ended
	Mar. 31, 2024
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. DAC for all 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 over the expected term of the related contracts. The following table presents a rollforward of DAC: Three Months Ended March 31, 2024 General Individual Group Life Institutional (in millions) Total Balance, beginning of year $ 2,075 $ 4,735 $ 1,056 $ 4,149 $ 70 $ 12,085 Capitalization 882 170 22 134 13 1,221 Amortization expense (828) (148) (21) (104) (3) (1,104) Other, including foreign exchange (56) — — (7) — (63) Reclassified to held for sale* (1) — — (27) — (28) Balance, end of period $ 2,072 $ 4,757 $ 1,057 $ 4,145 $ 80 $ 12,111 Three Months Ended March 31, 2023 Balance, beginning of year $ 2,310 $ 4,597 $ 1,060 $ 4,839 $ 51 $ 12,857 Capitalization 1,358 187 20 120 4 1,689 Amortization expense (1,034) (137) (21) (99) (2) (1,293) Other, including foreign exchange 40 — — 11 — 51 Balance, end of period $ 2,674 $ 4,647 $ 1,059 $ 4,871 $ 53 $ 13,304 * Represents changes in DAC included in Assets held for sale. For additional information, see Note 4. DEFERRED SALES INDUCEMENTS We offer DSI which include enhanced crediting rates or bonus payments to contract holders (bonus interest) on certain annuity and investment contract products. To qualify for 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. DSI amounts are deferred and amortized on a constant level basis over the life of the contract consistent with DAC. The following table presents a rollforward of DSI: Three Months Ended March 31, 2024 2023 (in millions) Individual Group Total Individual Group Total Balance, beginning of year $ 333 $ 164 $ 497 $ 381 $ 177 $ 558 Capitalization 1 — 1 2 — 2 Amortization expense (13) (3) (16) (14) (3) (17) Balance, end of period* $ 321 $ 161 $ 482 $ 369 $ 174 $ 543 * At March 31, 2024 and 2023, Other assets, excluding DSI, totaled $11.8 billion and $12.4 billion, respectively.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Mar. 31, 2024
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 Total March 31, 2024 Assets: Bonds available for sale $ 39 $ 154 $ 193 Other bond securities 46 — 46 Equity securities 19 — 19 Mortgage and other loans receivable — 1,993 1,993 Other invested assets Alternative investments (a) 2,536 — 2,536 Investment real estate 1,413 — 1,413 Short-term investments 157 4 161 Cash 54 — 54 Accrued investment income 2 6 8 Other assets 80 9 89 Total (b) $ 4,346 $ 2,166 $ 6,512 Liabilities: Debt of consolidated investment entities $ 1,019 $ 1,114 $ 2,133 Other (c) 70 33 103 Total $ 1,089 $ 1,147 $ 2,236 December 31, 2023 Assets: Bonds available for sale $ 36 $ 148 $ 184 Other bond securities 45 — 45 Equity securities 8 — 8 Mortgage and other loans receivable — 2,063 2,063 Other invested assets Alternative investments (a) 2,695 — 2,695 Investment real estate 1,488 — 1,488 Short-term investments 125 10 135 Cash 61 — 61 Accrued investment income 2 7 9 Other assets 94 2 96 Total (b) $ 4,554 $ 2,230 $ 6,784 Liabilities: Debt of consolidated investment entities $ 1,094 $ 1,106 $ 2,200 Other (c) 82 1 83 Total $ 1,176 $ 1,107 $ 2,283 (a) Comprised primarily of investments in real estate joint ventures at March 31, 2024 and December 31, 2023. (b) The assets of each VIE can be used only to settle specific obligations of that VIE. (c) Comprised primarily of Other liabilities at March 31, 2024 and December 31, 2023. (d) At March 31, 2024 and December 31, 2023, off-balance sheet exposure primarily consisting of our insurance companies’ commitments to real estate and investment entities were $1.8 billion and $1.9 billion, respectively, of which commitments to external parties were $0.5 billion and $0.4 billion, respectively. 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 March 31, 2024 Real estate and investment entities (a) $ 546,012 $ 9,226 $ 3,566 (d) $ 12,792 Other (b) 1,027 58 748 (e) 806 Total $ 547,039 $ 9,284 $ 4,314 $ 13,598 December 31, 2023 Real estate and investment entities (a) $ 528,053 $ 9,125 $ 3,720 (d) $ 12,845 Other (b) 1,027 58 748 (e) 806 Total $ 529,080 $ 9,183 $ 4,468 $ 13,651 (a) Comprised primarily of hedge funds and private equity funds. (b) At March 31, 2024 and December 31, 2023, excludes approximately $1,948 million and $1,971 million, respectively, of VIE assets related to AIGFP and its consolidated subsidiaries, with maximum off-balance sheet exposure to loss of $1,918 million and $1,941 million, respectively. For additional information, see Note 1 to the Consolidated Financial Statements in the 2023 Annual Report. (c) At March 31, 2024 and December 31, 2023, $9.2 billion and $9.1 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 Accountin

Derivatives and Hedge Accounting	3 Months Ended
	Mar. 31, 2024
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. As part of our strategy to enhance investment income, 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: March 31, 2024 December 31, 2023 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 $ 577 $ 208 $ 2,638 $ 50 $ 1,863 $ 230 $ 752 $ 17 Foreign exchange contracts 5,627 385 1,932 204 3,847 416 6,402 336 Derivatives not designated as hedging instruments: (a) Interest rate contracts 52,800 3,276 36,050 3,329 42,549 3,056 42,466 3,614 Foreign exchange contracts 14,993 851 6,430 423 8,803 820 9,900 558 Equity contracts 80,551 2,878 10,368 1,229 81,110 2,019 9,595 745 Credit contracts (b) 3,808 111 508 36 2,109 41 509 37 Other contracts (c) 43,182 13 47 1 44,640 13 48 2 Total derivatives, gross $ 201,538 $ 7,722 $ 57,973 $ 5,272 $ 184,921 $ 6,595 $ 69,672 $ 5,309 Counterparty netting (d) (4,545) (4,545) (3,864) (3,864) Cash collateral (e) (2,601) (326) (2,220) (1,050) Total derivatives on Condensed Consolidated Balance Sheets (f) $ 576 $ 401 $ 511 $ 395 (a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral. (b) As of March 31, 2024 and December 31, 2023, included CDSs on super senior multi-sector CLO with a net notional amount of $49 million and $50 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 derivative s. Derivative instrument assets and liabilities are recorded in Other assets and Other liabilities, respectively. Fair value of assets related to bifurcated embedded derivatives was $1.4 billion at March 31, 2024 and $1.2 billion at December 31, 2023. Fair value of liabilities related to bifurcated embedded derivatives was $8.7 billion and $8.0 billion, respectively, at March 31, 2024 and December 31, 2023. 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, index universal life products, and bonds available for sale, 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 $1.4 billion and $1.9 billion at March 31, 2024 and December 31, 2023, 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 $3.2 billion and $2.8 billion at March 31, 2024 and December 31, 2023, 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 months ended March 31, 2024 and 2023, we recognized gains (losses) of $25 million and $(25) 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 March 31, 2024 Interest rate contracts: Interest credited to policyholder account balances $ (62) $ — $ 64 $ 2 Foreign exchange contracts: Net realized gains/(losses) 88 (18) (88) (18) Three Months Ended March 31, 2023 Interest rate contracts: Interest credited to policyholder account balances $ 43 $ — $ (47) $ (4) Foreign exchange contracts: Net realized gains/(losses) (130) 76 130 76 (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): Three Months Ended March 31, Gains (Losses) Recognized in Income (in millions) 2024 2023 By Derivative Type: Interest rate contracts $ (289) $ 95 Foreign exchange contracts 71 (101) Equity contracts 189 (78) Commodity contracts — 7 Credit contracts 23 (1) Other contracts 16 16 Embedded derivatives (549) (1,548) Total $ (539) $ (1,610) By Classification: Policy fees $ 15 $ 16 Net investment income - excluding Fortitude Re funds withheld assets — — Net investment income - Fortitude Re funds withheld assets 6 (2) Net realized gains (losses) - excluding Fortitude Re funds withheld assets (a) 220 (391) Net realized losses on Fortitude Re funds withheld assets (b) (77) (1,127) Policyholder benefits and claims incurred (3) 3 Change in the fair value of market risk benefits, net (c) (700) (109) Total $ (539) $ (1,610) (a) Includes $5 million gain related to the sale of AIG Life reported in Net (gain) loss on divestitures. For additional information, see Notes 1 and 4 . (b) 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. (c) 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 March 31, 2024, 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 $32 million and $32 million at March 31, 2024 and December 31, 2023, respectively. The aggregate fair value of assets posted as collateral under these contracts at March 31, 2024 and December 31, 2023, 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 March 31, 2024 and December 31, 2023, respectively. These securities have par amounts of $42 million and $42 million at March 31, 2024 and December 31, 2023, respectively, and have remaining stated maturity dates that extend to 2052.

Insurance Liabilities

Insurance Liabilities	3 Months Ended
	Mar. 31, 2024
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 $12.5 billion and $12.1 billion at March 31, 2024 and December 31, 2023, 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 March 31, 2024 and December 31, 2023 we held collateral of approximately $8.8 billion and $8.7 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 March 31, 2024 and December 31, 2023. The following table presents the rollforward of activity in loss reserves: Three Months Ended March 31, (in millions) 2024 2023 Liability for unpaid loss and loss adjustment expenses, beginning of year $ 70,393 $ 75,167 Reinsurance recoverable (30,289) (32,102) Net Liability for unpaid loss and loss adjustment expenses, beginning of year 40,104 43,065 Losses and loss adjustment expenses incurred: Current year 3,365 3,784 Prior years, excluding discount and amortization of deferred gain — (27) Prior years, discount charge (benefit) 106 94 Prior years, amortization of deferred gain on retroactive reinsurance (a) (32) (60) Total losses and loss adjustment expenses incurred 3,439 3,791 Losses and loss adjustment expenses paid: Current year (286) (289) Prior years (2,857) (3,549) Total losses and loss adjustment expenses paid (3,143) (3,838) Other changes: Foreign exchange effect (496) 397 Retroactive reinsurance adjustment (net of discount) (b) (8) 12 Reclassified to held for sale, net of reinsurance recoverables (c) (5) — Total other changes (509) 409 Liability for unpaid loss and loss adjustment expenses, end of period: Net liability for unpaid losses and loss adjustment expenses 39,891 43,427 Reinsurance recoverable 30,169 32,366 Total $ 70,060 $ 75,793 (a) Includes $5 million and $7 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 March 31, 2024 and 2023, respectively. (b) Includes benefit (charge) from change in discount on retroactive reinsurance in the amount of $55 million and $70 million for the three months ended March 31, 2024 and 2023, respectively. (c) Represents change in loss reserves included in Liabilities held for sale. For additional information, see Note 4 . 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 March 31, 2024, we did not recognize any prior year loss reserve development excluding discount and amortization of deferred gain. During the three months ended March 31, 2023, we recognized favorable prior year loss reserve development of $27 million excluding discount and amortization of deferred gain. The development in this period was primarily driven by favorable development on U.S. Workers' Compensation and Other product lines, partially offset by unfavorable development on prior year catastrophes. Discounting of Loss Reserves At March 31, 2024 and December 31, 2023, the loss reserves reflect a net loss reserve discount of $1.2 billion and $1.2 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 March 31, 2024 and December 31, 2023, the discount consists of $293 million and $294 million of tabular discount, respectively, and $919 million and $939 million of non-tabular discount for workers’ compensation, respectively. During the three months ended March 31, 2024 and 2023, the benefit / (charge) from changes in discount of $(76) million and $(64) 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) March 31, 2024 December 31, 2023 U.S. workers' compensation $ 2,261 $ 2,337 Retroactive reinsurance (1,049) (1,104) Total reserve discount (a)(b) $ 1,212 $ 1,233 (a) Excludes $194 million and $196 million of discount related to certain long-tail liabilities in the UK at March 31, 2024 and December 31, 2023, respectively. (b) Includes gross discount of $680 million and $687 million, which was 100 percent ceded to Fortitude Re at March 31, 2024 and December 31, 2023, respectively. The following table presents the net loss reserve discount benefit (charge): Three Months Ended March 31, (in millions) 2024 2023 Current accident year $ 30 $ 30 Accretion and other adjustments to prior year discount (106) (94) Net reserve discount benefit (charge) (76) (64) Change in discount on loss reserves ceded under retroactive reinsurance 55 70 Net change in total reserve discount* $ (21) $ 6 * Excludes $(2) million and $4 million of discount related to certain long-tail liabilities in the UK for the three months ended March 31, 2024 and 2023, respectively. Amortization of Deferred Gain on Retroactive Reinsurance Amortization of the deferred gain on retroactive reinsurance includes $27 million and $53 million related to the adverse development reinsurance cover with NICO for the three months ended March 31, 2024 and 2023, 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. Structured settlement or other annuitization elections (e.g., certain single premium immediate annuities) that do not involve life contingent payments, but rather payments for a stated period are included in Policyholder contract deposits. For traditional and limited pay long-duration products, benefit reserves are accrued and benefit expense is recognized using a net premium ratio methodology for each annual cohort of business. 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: Three Months Ended March 31, 2024 General Individual Group Life Institutional Other (f) Total (in millions, except for liability durations) Present value of expected net premiums Balance, beginning of year $ 1,702 $ — $ — $ 8,379 $ — $ 973 $ 11,054 Effect of changes in discount rate assumptions (AOCI) 339 — — 1,482 — 44 1,865 Reclassified to Liabilities held for sale — — — 4,287 — — 4,287 Beginning balance at original discount rate 2,041 — — 14,148 — 1,017 17,206 Effect of actual variances from expected experience (2) — — (13) — — (15) Adjusted beginning of year balance 2,039 — — 14,135 — 1,017 17,191 Issuances 31 — — 353 — — 384 Interest accrual 11 — — 117 — 11 139 Net premium collected (138) — — (381) — (29) (548) Foreign exchange impact (91) — — (46) — — (137) Other — — — (4) — — (4) Ending balance at original discount rate 1,852 — — 14,174 — 999 17,025 Effect of changes in discount rate assumptions (AOCI) (283) — — (1,621) — (57) (1,961) Reclassified to Liabilities held for sale — — — (4,247) — — (4,247) Balance, end of period $ 1,569 $ — $ — $ 8,306 $ — $ 942 $ 10,817 Present value of expected future policy benefits Balance, beginning of year $ 2,149 $ 1,353 $ 217 $ 17,531 $ 18,482 $ 20,654 $ 60,386 Effect of changes in discount rate assumptions (AOCI) 441 132 (3) 2,745 1,906 437 5,658 Reclassified to Liabilities held for sale — — — 5,119 — — 5,119 Beginning balance at original discount rate 2,590 1,485 214 25,395 20,388 21,091 71,163 Effect of actual variances from expected experience (a) (2) (6) (1) (7) — (9) (25) Adjusted beginning of year balance 2,588 1,479 213 25,388 20,388 21,082 71,138 Issuances 32 34 5 350 1,726 2 2,149 Interest accrual 13 16 3 236 217 252 737 Benefit payments (141) (33) (7) (458) (283) (370) (1,292) Foreign exchange impact (119) — — (61) (82) — (262) Other — — — (3) — (3) (6) Ending balance at original discount rate 2,373 1,496 214 25,452 21,966 20,963 72,464 Effect of changes in discount rate assumptions (AOCI) (374) (153) — (3,149) (2,347) (959) (6,982) Reclassified to Liabilities held for sale — — — (5,078) — — (5,078) Balance, end of period $ 1,999 $ 1,343 $ 214 $ 17,225 $ 19,619 $ 20,004 $ 60,404 Net liability for future policy benefits, end of period $ 430 $ 1,343 $ 214 $ 8,919 $ 19,619 $ 19,062 $ 49,587 Liability for future policy benefits for certain participating contracts 1,302 Liability for universal life policies with secondary guarantees and similar features (b) 3,972 Deferred profit liability 2,553 Other reconciling items (c) 1,571 Future policy benefits for life and accident and health insurance contracts 58,985 Less: Reinsurance recoverable (22,898) Net liability for future policy benefits after reinsurance recoverable $ 36,087 Weighted average liability duration of the liability for future policy benefits (d)(e) 9.1 7.7 6.7 12.6 12.2 11.2 Three Months Ended March 31, 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 actual variances from expected experience (10) 1 — 12 — 3 6 Adjusted beginning of year balance 2,181 1 — 13,538 — 1,060 16,780 Issuances 36 6 — 322 — — 364 Interest accrual 11 — — 106 — 12 129 Net premium collected (57) (7) — (352) — (30) (446) Foreign exchange impact (8) — — 96 — — 88 Other — — — 3 — — 3 Ending balance at original discount rate 2,163 — — 13,713 — 1,042 16,918 Effect of changes in discount rate assumptions (AOCI) (353) — — (1,648) — (48) (2,049) Balance, end of period $ 1,810 $ — $ — $ 12,065 $ — $ 994 $ 14,869 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 actual variances from expected experience (a) (2) (3) (1) 26 (5) — 15 Adjusted beginning of year balance 2,740 1,387 212 24,629 15,093 21,512 65,573 Issuances 36 70 2 318 1,450 3 1,879 Interest accrual 13 12 3 224 139 257 648 Benefit payments (60) (32) (7) (476) (228) (379) (1,182) Foreign exchange impact (10) — — 277 125 — 392 Other — — — 1 — (3) (2) Ending balance at original discount rate 2,719 1,437 210 24,973 16,579 21,390 67,308 Effect of changes in discount rate assumptions (AOCI) (457) (141) 3 (3,081) (2,302) (492) (6,470) Balance, end of period $ 2,262 $ 1,296 $ 213 $ 21,892 $ 14,277 $ 20,898 $ 60,838 Net liability for future policy benefits, end of period $ 452 $ 1,296 $ 213 $ 9,827 $ 14,277 $ 19,904 $ 45,969 Liability for future policy benefits for certain participating contracts 1,340 Liability for universal life policies with secondary guarantees and similar features (b) 3,512 Deferred profit liability 2,396 Other reconciling items (c) 1,629 Future policy benefits for life and accident and health insurance contracts 54,846 Less: Reinsurance recoverable (24,266) Net liability for future policy benefits after reinsurance recoverable $ 30,580 Weighted average liability duration of the liability for future policy benefits (d) 10.0 7.7 7.1 12.4 11.5 11.6 (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 cash flows 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 three months ended March 31, 2024 and 2023 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 $7 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: Three Months Ended March 31, (in millions) 2024 2023 General Insurance (a) Undiscounted expected future benefits and expense $ 2,911 $ 3,350 Undiscounted expected future gross premiums 4,002 4,616 Individual Retirement Undiscounted expected future benefits and expense $ 2,156 $ 2,048 Undiscounted expected future gross premiums — — Group Retirement Undiscounted expected future benefits and expense $ 309 $ 317 Undiscounted expected future gross premiums — — Life Insurance (b) Undiscounted expected future benefits and expense $ 40,741 $ 39,028 Undiscounted expected future gross premiums 30,656 28,964 Institutional Markets Undiscounted expected future benefits and expense $ 42,519 $ 29,029 Undiscounted expected future gross premiums — — Other (c) Undiscounted expected future benefits and expense $ 42,701 $ 44,148 Undiscounted expected future gross premiums 2,106 2,225 (a) General Insurance discounted expected future gross premiums (at current discount rate) for the three months ended March 31, 2024 were $2.9 billion. (b) Includes balances reclassified to Liabilities held for sale at March 31, 2024. Life Insurance discounted expected future gross premiums (at current discount rate) for the three months ended March 31, 2024 were $20.0 billion. (c) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. Other discounted expected future gross premiums (at current discount rate) for the three months ended March 31, 2024 were $1.4 billion. 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: Three Months Ended March 31, Gross Premiums Interest Accretion (in millions) 2024 2023 2024 2023 General Insurance $ 110 $ 95 $ 2 $ 1 Individual Retirement 39 75 16 12 Group Retirement 5 6 3 3 Life Insurance 618 575 119 118 Institutional Markets 1,805 1,581 217 139 Other* 52 54 241 245 Total $ 2,629 $ 2,386 $ 598 $ 518 * 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: Three Months Ended March 31, 2024 General Individual Group Life Insurance (a) Institutional Other (b) Weighted-average interest rate, original discount rate 1.84 % 3.79 % 5.13 % 4.12 % 4.25 % 4.86 % Weighted-average interest rate, current discount rate 3.70 % 5.27 % 5.24 % 5.28 % 5.19 % 5.32 % Three Months Ended March 31, 2023 Weighted-average interest rate, original discount rate 1.78 % 3.65 % 5.19 % 4.11 % 3.76 % 4.88 % Weighted-average interest rate, current discount rate 3.64 % 5.33 % 4.91 % 5.08 % 5.04 % 5.10 % (a) Weighted-average interest rates for Life Insurance include balances that have been reclassified to Liabilities held-for-sale at March 31, 2024. (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. 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. Our additional liabilities primarily consist of universal life policies with secondary guarantees and these additional liabilities are recognized in addition to the Policyholder account balances. For universal life policies with secondary guarantees, as well as other universal life policies for which profits followed by losses are expected at contract inception, a liability is recognized based on a benefit ratio of (a) the present value of total expected payments, in excess of the account value, over the life of the contract, divided by (b) the present value of total expected assessments over the life of the contract. For universal life policies without secondary guarantees, for which profits followed by losses are first expected after contract inception, we establish a liability, in addition to policyholder account balances, so that expected future losses are recognized in proportion to the emergence of profits in the earlier (profitable) years. Universal life account balances are reported within Policyholder contract deposits, while these additional liabilities are reported within the liability for future policy benefits in the Condensed Consolidated Balance Sheets. These additional liabilities are also adjusted to reflect the effect of unrealized gains or losses on fixed maturity securities available for sale on accumulated assessments, with related changes recognized through OCI. The policyholder behavior assumptions for these liabilities include mortality, lapses and premium persistency. The capital market assumptions used for the liability for universal life secondary guarantees include discount rates and net earned rates. The following table presents the balances and changes in the liability for universal life policies with secondary guarantees and similar features: Three Months Ended March 31, 2024 2023 (in millions, except duration of liability) Life Other (b) Total Life Other (b) Total Balance, beginning of year $ 3,731 $ 55 $ 3,786 $ 3,300 $ 55 $ 3,355 Effect of changes in experience 109 (1) 108 74 (1) 73 Adjusted beginning balance 3,840 54 3,894 3,374 54 3,428 Assessments 145 — 145 179 — 179 Excess benefits paid (232) — (232) (238) — (238) Interest accrual 38 1 39 28 1 29 Other — — — (5) — (5) Changes related to unrealized appreciation (depreciation) of investments 126 — 126 119 — 119 Balance, end of period 3,917 55 3,972 3,457 55 3,512 Less: Reinsurance recoverable (172) (55) (227) (192) — (192) Balance, end of period, net of Reinsurance recoverable $ 3,745 $ — $ 3,745 $ 3,265 $ 55 $ 3,320 Weighted average duration of liability (a) 25.3 9.1 26.4 9.4 (a) The weighted average duration of liabilities is calculated as the modified duration using projected future net liability cash flows 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: Three Months Ended March 31, Gross Assessments Interest Accretion (in millions) 2024 2023 2024 2023 Life Insurance $ 248 $ 299 $ 38 $ 28 Other* 10 10 1 1 Total $ 258 $ 309 $ 39 $ 29 * 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: Three Months Ended March 31, 2024 2023 Life Insurance Other* Life Insurance Other* Weighted-average interest rate 3.92 % 4.20 % 3.76 % 4.24 % * 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. The following table presents details concerning our universal life policies with secondary guarantees and similar features: Three Months Ended March 31, (dollars in millions) 2024 2023 Account value $ 3,773 $ 3,556 Net amount at risk $ 73,092 $ 70,014 Average attained age of contract holders 53 53 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 balances and changes in Policyholder contract deposits account balances (a) : Three Months Ended March 31, 2024 Individual Group Life Institutional Other (d) Total (in millions, except for average crediting rate) Policyholder contract deposits account balance, beginning of year $ 94,896 $ 41,299 $ 10,231 $ 13,649 $ 3,333 $ 163,408 Deposits 4,878 1,349 407 798 11 7,443 Policy charges (186) (122) (377) (17) (15) (717) Surrenders and withdrawals (4,600) (2,466) (73) (31) (21) (7,191) Benefit payments (761) (494) (79) (181) (79) (1,594) Net transfers from (to) separate account 1,248 1,024 5 (27) — 2,250 Interest credited 816 303 121 157 40 1,437 Other (3) 2 6 (11) 3 (3) Policyholder contract deposits account balance, end of period 96,288 40,895 10,241 14,337 3,272 165,033 Other reconciling items (b) (1,225) (192) 134 33 (85) (1,335) Policyholder contract deposits $ 95,063 $ 40,703 $ 10,375 $ 14,370 $ 3,187 $ 163,698 Weighted average crediting rate 2.86 % 3.05 % 4.39 % 4.59 % 4.98 % Cash surrender value (c) $ 89,795 $ 39,746 $ 9,042 $ 2,585 $ 1,696 $ 142,864 Three Months Ended March 31, 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 4,864 1,326 414 595 11 7,210 Policy charges (244) (110) (384) (17) (16) (771) Surrenders and withdrawals (3,171) (2,016) (56) (403) (20) (5,666) Benefit payments (1,036) (557) (49) (167) (88) (1,897) Net transfers from (to) separate account 728 592 (1) 443 — 1,762 Interest credited 377 270 88 105 43 883 Other (2) 3 (16) 4 (1) (12) Policyholder contract deposits account balance, end of period 91,070 42,903 10,220 12,294 3,516 160,003 Other reconciling items (b) (1,889) (279) 116 74 (129) (2,107) Policyholder contract deposits $ 89,181 $ 42,624 $ 10,336 $ 12,368 $ 3,387 $ 157,896 Weighted average crediting rate 2.52 % 2.78 % 4.24 % 3.55 % 4.95 % Cash surrender value (c) $ 84,906 $ 41,361 $ 8,874 $ 2,545 $ 1,781 $ 139,467 (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 $(85) million and $(129) million at March 31, 2024 and 2023, 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, see 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: March 31, 2024 At 1 Basis Point - More than 50 Total (in millions, except percentage of total) Individual Retirement Range of Guaranteed Minimum Credited Rate <=1% $ 6,251 $ 1,917 $ 28,202 $ 36,370 > 1% - 2% 3,556 21 1,490 5,067 > 2% - 3% 7,653 11 1,407 9,071 > 3% - 4% 6,342 36 5 6,383 > 4% - 5% 424 — 4 428 > 5% 32 — 3 35 Total $ 24,258 $ 1,985 $ 31,111 $ 57,354 Group Retirement Range of Guaranteed Minimum Credited Rate <=1% $ 2,133 $ 1,895 $ 7,672 $ 11,700 > 1% - 2% 3,597 1,126 670 5,393 > 2% - 3% 11,686 215 110 12,011 > 3% - 4% 603 — — 603 > 4% - 5% 6,579 — — 6,579 > 5% 141 — — 141 Total $ 24,739 $ 3,236 $ 8,452 $ 36,427 Life Insurance Range of Guaranteed Minimum Credited Rate <=1% $ — $ — $ — $ — > 1% - 2% — 110 365 475 > 2% - 3% 9 1,072 856 1,937 > 3% - 4% 1,190 482 7 1,679 > 4% - 5% 2,820 — — 2,820 > 5% 214 — — 214 Total $ 4,233 $ 1,664 $ 1,228 $ 7,125 Total* $ 53,230 $ 6,885 $ 40,791 $ 100,906 Percentage of total 53 % 7 % 40 % 100 % March 31, 2023 At 1 Basis Point - More than 50 Total (in millions, except percentage of total) Individual Retirement Range of Guaranteed Minimum Credited Rate <=1% $ 7,776 $ 2,562 $ 23,263 $ 33,601 > 1% - 2% 3,994 24 2,163 6,181 > 2% - 3% 9,155 1 390 9,546 > 3% - 4% 7,359 40 6 7,405 > 4% - 5% 452 — 4 456 > 5% 32 — 4 36 Total $ 28,768 $ 2,627 $ 25,830 $ 57,225 Group Retirement Range of Guaranteed Minimum Credited Rate <=1% $ 2,063 $ 2,713 $ 6,049 $ 10,825 > 1% - 2% 5,005 908 353 6,266 > 2% - 3% 13,561 40 — 13,601 > 3% - 4% 658 — — 658 > 4% - 5% 6,821 — — 6,821 > 5% 153 — — 153 Total $ 28,261 $ 3,661 $ 6,402 $ 38,324 Life Insurance Range of Guaranteed Minimum Credited Rate <=1% $ — $ — $ — $ — > 1% - 2% — 131 349 480 > 2% - 3% 28 862 1,079 1,969 > 3% - 4% 1,417 118 198 1,733 > 4% - 5% 2,946 — — 2,946 > 5% 222 — — 222 Total $ 4,613 $ 1,111 $ 1,626 $ 7,350 Total* $ 61,642 $ 7,399 $ 33,858 $ 102,899 Percentage of total 60 % 7 % 33 % 100 % * Excludes policyholder contract deposits account balances that are not subject to guaranteed minimum crediting rate

Market Risk Benefits

Market Risk Benefits	3 Months Ended
	Mar. 31, 2024
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, guaranteed minimum death benefits (GMDB) 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. 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 balances of and changes in MRBs: Three Months Ended March 31, 2024 2023 Individual Group Total Individual Group Total (in millions, except for attained age of contract holders) Balance, beginning of year $ 4,562 $ 308 $ 4,870 $ 3,738 $ 296 $ 4,034 Effect of changes in our own credit risk (1,072) (88) (1,160) (441) (24) (465) Balance, beginning of year, before effect of changes in our own credit risk $ 3,490 $ 220 $ 3,710 3,297 272 3,569 Issuances 123 10 133 191 9 200 Interest accrual 45 3 48 38 4 42 Attributed fees 174 15 189 235 17 252 Expected claims (18) — (18) (25) (1) (26) Effect of changes in interest rates (474) (38) (512) 478 46 524 Effect of changes in interest rate volatility (14) — (14) (73) (4) (77) Effect of changes in equity markets (529) (50) (579) (391) (36) (427) Effect of changes in equity index volatility (15) — (15) 16 (3) 13 Actual outcome different from model expected outcome (63) 3 (60) 72 1 73 Effect of changes in other future expected assumptions (5) (1) (6) (94) (18) (112) Other, including foreign exchange — (2) (2) 1 — 1 Balance, end of period, before effect of changes in our own credit risk 2,714 160 2,874 3,745 287 4,032 Effect of changes in our own credit risk 1,100 89 1,189 339 32 371 Balance, end of period 3,814 249 4,063 4,084 319 4,403 Less: Reinsured MRB, end of period (68) — (68) (89) — (89) Net Liability Balance after reinsurance recoverable $ 3,746 $ 249 $ 3,995 $ 3,995 $ 319 $ 4,314 Net amount at risk GMDB only $ 623 $ 136 $ 759 $ 1,307 $ 266 $ 1,573 GMWB only $ 128 $ 12 $ 140 $ 63 $ 5 $ 68 Combined* $ 576 $ 13 $ 589 $ 1,726 $ 31 $ 1,757 Weighted average attained age of contract holders 71 64 71 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: March 31, 2024 March 31, 2023 (in millions) Asset* Liability* Net Asset* Liability* Net Individual Retirement $ 968 $ 4,714 $ 3,746 $ 685 $ 4,680 $ 3,995 Group Retirement 204 453 249 145 464 319 Total $ 1,172 $ 5,167 $ 3,995 $ 830 $ 5,144 $ 4,314 * 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.

Separate Account Assets and Lia

Separate Account Assets and Liabilities	3 Months Ended
	Mar. 31, 2024
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: March 31, 2024 December 31, 2023 (in millions) Individual Group Life Institutional Total Individual Group Life Institutional Total Equity funds $ 26,945 $ 30,285 $ 900 $ 635 $ 58,765 $ 25,451 $ 28,675 $ 819 $ 593 $ 55,538 Bond funds 4,121 3,315 45 1,281 8,762 4,037 3,292 44 1,303 8,676 Balanced funds 18,179 5,663 55 2,062 25,959 17,711 5,479 53 1,923 25,166 Money market funds 693 802 16 176 1,687 694 742 16 173 1,625 Total $ 49,938 $ 40,065 $ 1,016 $ 4,154 $ 95,173 $ 47,893 $ 38,188 $ 932 $ 3,992 $ 91,005 The following table presents the balances and changes in Separate account liabilities: Three Months Ended March 31, 2024 Individual Group Life Institutional Total (in millions) Balance, beginning of year $ 47,893 $ 38,188 $ 932 $ 3,992 $ 91,005 Premiums and deposits 294 340 9 69 712 Policy charges (288) (115) (12) (24) (439) Surrenders and withdrawals (1,193) (1,052) (9) (31) (2,285) Benefit payments (239) (154) (2) (5) (400) Investment performance 3,451 2,934 98 139 6,622 Net transfers from (to) general account and other 20 (76) — 14 (42) Balance, end of period $ 49,938 $ 40,065 $ 1,016 $ 4,154 $ 95,173 Cash surrender value* $ 48,975 $ 39,865 $ 995 $ 4,150 $ 93,985 Three Months Ended March 31, 2023 Balance, beginning of year $ 45,178 $ 34,361 $ 799 $ 4,515 $ 84,853 Premiums and deposits 451 360 9 26 846 Policy charges (344) (110) (12) (24) (490) Surrenders and withdrawals (844) (669) (6) (404) (1,923) Benefit payments (215) (130) (1) (54) (400) Investment performance 2,131 2,186 53 99 4,469 Net transfers from (to) general account and other 73 (78) (1) 8 2 Balance, end of period $ 46,430 $ 35,920 $ 841 $ 4,166 $ 87,357 Cash surrender value* $ 45,388 $ 35,726 $ 794 $ 4,168 $ 86,076 * The cash surrender value represents the amount of the contract holder’s account balance distributable at the balance sheet date less applicable surrender charges. Separate account liabilities primarily represent the contract holder's account balance in separate account assets and will be equal and offsetting to total separate account assets.

Contingencies, Commitments and

Contingencies, Commitments and Guarantees	3 Months Ended
	Mar. 31, 2024
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 American General Life Insurance Company (AGL) continues to defend against Moriarty v. American General Life Insurance Co. (S.D. Cal.), a putative class action involving Sections 10113.71 and 10113.72 of the California Insurance Code. In general, those statutes require that for life-insurance policies issued and delivered in California: (1) the policy must contain a 60-day grace period following nonpayment of premium during which the policy remains in force; (2) the insurer must provide a 30-day pre-lapse notice; and (3) the insurer must notify policy owners of the right to designate a secondary recipient for lapse notices. The Moriarty plaintiff contends AGL did not comply with these requirements for a policy issued before these statutes went into effect. The plaintiff seeks damages and other relief. AGL asserts various defenses to the plaintiff’s claims and to class certification. In 2022, the District Court held a trial was necessary to determine whether AGL was liable, and it denied class certification. In May 2023, the case was reassigned to a new judge. On August 14, 2023, the District Court granted the plaintiff’s motion for summary judgment on the plaintiff’s breach-of-contract claim. On September 26, 2023, the District Court decided that good cause exists to allow the plaintiff to file a third motion for class certification. At the same time, however, the District Court certified its August 14, 2023 order for interlocutory appeal to the Ninth Circuit and stayed trial-court proceedings pending the outcome of AGL’s appeal. The Ninth Circuit granted AGL’s petition for interlocutory appeal on November 21, 2023, which remains pending. AGL is defending other actions in California involving similar issues: Allen v. Protective Life Insurance Co. and AGL (E.D. Cal.), 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. (C.D. Cal.), 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 Moriarty and cases against other insurers involving the same statutes. We have accrued our current estimate of probable loss with respect to these litigation matters. 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 $6.0 billion and $6.1 billion at March 31, 2024 and December 31, 2023, 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 March 31, 2024, 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. •

Equity

Equity	3 Months Ended
	Mar. 31, 2024
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 (the 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. On March 15, 2024, we redeemed all 20,000 outstanding shares of our Series A Preferred Stock and all 20,000,000 of the corresponding Depositary Shares, each representing a 1/1,000th interest in a share of Series A Preferred Stock, for a redemption price of $25,000 per share (equivalent to $25.00 per Depositary Share) for an aggregate redemption price of $500 million, paid in cash. The $15 million difference between the aggregate redemption price and the outstanding par and additional paid in capital amount of $485 million was recorded as a reduction of retained earnings and is presented on Dividends on preferred stock and preferred stock redemption premiums on the Condensed Consolidated Statements of Income. Common Stock The following table presents a rollforward of outstanding shares: Three Months Ended March 31, 2024 Common Treasury Common Stock (in millions) Shares, beginning of year 1,906.7 (1,217.9) 688.8 Shares issued — 5.6 5.6 Shares repurchased — (23.4) (23.4) Shares, end of period 1,906.7 (1,235.7) 671.0 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 20 to the Consolidated Financial Statements in the 2023 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 April 30, 2024, the Board of Directors authorized the repurchase of $10.0 billion of AIG Common Stock (inclusive of the approximately $3.9 billion remaining 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. Pursuant to an Exchange Act Rule 10b5-1 repurchase plan, from April 1, 2024 to April 26, 2024, we repurchased approximately 7 million shares of AIG Common Stock for an aggregate purchase price of approximately $558 million. DIVIDENDS DECLARED On April 30, 2024, our Board of Directors declared a cash dividend on AIG Common Stock of $0.40 per share, an 11 percent increase from prior quarterly dividends on AIG Common Stock, payable on June 28, 2024 to shareholders of record on June 14, 2024. 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 Total Balance, December 31, 2023, net of tax $ (106) $ (10,888) $ (476) $ 1,233 $ (2,979) $ (821) $ (14,037) Change in unrealized appreciation (depreciation) of investments* 72 (1,274) — — — — (1,202) Change in other — 5 — — — — 5 Change in fair value of market risk benefits, net — — (29) — — — (29) Change in discount rates — — — 697 — — 697 Change in future policy benefits — (126) — — — — (126) Change in foreign currency translation adjustments — — — — (339) — (339) Change in net actuarial loss — — — — — 7 7 Change in prior service cost — — — — — 2 2 Change in deferred tax asset (liability) (15) 105 6 (152) (14) (2) (72) Total other comprehensive income (loss) 57 (1,290) (23) 545 (353) 7 (1,057) Corebridge noncontrolling interests — (83) (5) 15 — — (73) Noncontrolling interests 17 (559) (11) 258 (3) — (298) Balance, March 31, 2024, net of tax $ (66) $ (11,702) $ (493) $ 1,535 $ (3,329) $ (814) $ (14,869) Balance, December 31, 2022, net of tax $ (136) $ (20,675) $ (284) $ 2,459 $ (3,056) $ (924) $ (22,616) Change in unrealized appreciation (depreciation) of investments 9 4,996 — — — — 5,005 Change in other — 106 — — — — 106 Change in fair value of market risk benefits, net — — 95 — — — 95 Change in discount rates — — — (527) — — (527) Change in future policy benefits — (100) — — — — (100) Change in foreign currency translation adjustments — — — — (19) — (19) Change in net actuarial loss — — — — — 27 27 Change in deferred tax asset (liability) (3) (750) (20) 107 (9) 1 (674) Total other comprehensive income (loss) 6 4,252 75 (420) (28) 28 3,913 Noncontrolling interests 4 706 17 (111) 10 — 626 Balance, March 31, 2023, net of tax $ (134) $ (17,129) $ (226) $ 2,150 $ (3,094) $ (896) $ (19,329) * Includes net unrealized gains and losses attributable to businesses held for sale at March 31, 2024. The following table presents the other comprehensive income (loss) reclassification adjustments for the three months ended March 31, 2024 and 2023 , respectively: (in millions) Unrealized Unrealized Change in Fair Change in the Foreign Retirement Total Three Months Ended March 31, 2024 Unrealized change arising during period $ 66 $ (1,832) $ (29) $ 697 $ (339) $ 2 $ (1,435) Less: Reclassification adjustments included in net income (6) (437) — — — (7) (450) Total other comprehensive income (loss), before of income tax expense (benefit) 72 (1,395) (29) 697 (339) 9 (985) Less: Income tax expense (benefit) 15 (105) (6) 152 14 2 72 Total other comprehensive income (loss), net of income tax expense (benefit) $ 57 $ (1,290) $ (23) $ 545 $ (353) $ 7 $ (1,057) Three Months Ended March 31, 2023 Unrealized change arising during period $ (7) $ 4,566 $ 95 $ (527) $ (19) $ 18 $ 4,126 Less: Reclassification adjustments included in net income (16) (436) — — — (9) (461) Total other comprehensive income (loss), before income tax expense (benefit) 9 5,002 95 (527) (19) 27 4,587 Less: Income tax expense (benefit) 3 750 20 (107) 9 (1) 674 Total other comprehensive income (loss), net of income tax expense (benefit) $ 6 $ 4,252 $ 75 $ (420) $ (28) $ 28 $ 3,913 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 March 31, Condensed Consolidated (in millions) 2024 2023 Statements of Income (Loss) Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken Investments $ (6) $ (16) Net realized gains (losses) Total (6) (16) Unrealized appreciation (depreciation) of all other investments Investments (437) (436) Net realized gains (losses) Total (437) (436) Change in retirement plan liabilities adjustment Prior-service credit — (1) (b) Actuarial losses (7) (8) (b) Total (7) (9) Total reclassifications for the period $ (450) $ (461) (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)

Earnings Per Common Share (EPS)

Earnings Per Common Share (EPS)	3 Months Ended
	Mar. 31, 2024
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 March 31, (dollars in millions, except per common share data) 2024 2023 Numerator for EPS: Income (loss) from continuing operations $ 1,600 $ (87) Less: Net income (loss) from continuing operations attributable to noncontrolling interests 384 (117) Less: Preferred stock dividends and preferred stock redemption premiums 22 7 Income (loss) attributable to AIG common shareholders from continuing operations 1,194 23 Income (loss) from discontinued operations, net of income tax expense — — Net income (loss) attributable to AIG common shareholders $ 1,194 $ 23 Denominator for EPS: Weighted average common shares outstanding - basic 682,576,848 738,661,428 Dilutive common shares 5,384,670 5,437,758 Weighted average common shares outstanding - diluted (a) 687,961,518 744,099,186 Income (loss) per common share attributable to AIG common shareholders: Basic: Income (loss) from continuing operations $ 1.75 $ 0.03 Income from discontinued operations $ — $ — Income (loss) attributable to AIG common shareholders $ 1.75 $ 0.03 Diluted: Income (loss) from continuing operations $ 1.74 $ 0.03 Income from discontinued operations $ — $ — Income (loss) attributable to AIG common shareholders $ 1.74 $ 0.03 (a) Potential dilutive common shares include our share-based employee compensation plans. The number of potential common shares excluded from diluted shares outstanding was 0.1 million and 4.5 million for the three months ended March 31, 2024 and 2023, 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	3 Months Ended
	Mar. 31, 2024
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 expect to be subject to CAMT in 2024. 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 initial public offering 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 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 March 31, 2024, the effective tax rate on income from continuing operations was 22.0 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 the effect of foreign operations, U.S. federal and foreign valuation allowance changes, and state and local income taxes, partially offset by tax benefits related to tax exempt income and excess tax benefits related to share-based compensation payments recorded through the income statement. 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 March 31, 2023, the effective tax rate on loss from continuing operations was 62.3 percent. The effective tax rate on loss from continuing operations differs from the statutory tax rate of 21 percent primarily due to tax benefits associated with tax exempt income, excess tax benefits related to share based compensation payments recorded through the income statement, tax adjustments related to prior year returns and reclassifications from AOCI to income from continuing operations related to the disposal of available for sale securities. These tax benefits were partially offset by tax charges associated with the effect of foreign operations, U.S. federal 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. 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. During the first quarter, taxable income projections were updated to reflect the latest projections of income for our insurance and non-insurance companies, and projections of taxable income generated from prudent and feasible tax planning strategies. Given there is a shorter carryforward period to utilize remaining net operating losses, we continue to consider multiple data points and stresses. Additionally, 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 2022 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. 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. After factoring in multiple data points and assessing the relative weight of all positive and negative evidence, we concluded that valuation allowance of $300 million should remain on a portion of AIG's U.S. federal consolidated income tax group tax attribute carryforwards that are not more likely than not to be realized. Accordingly, during the three months ended March 31, 2024, we recorded no change in valuation allowance. As of March 31, 2024, we reported a valuation allowance of $177 million related to Corebridge. 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 months ended March 31, 2024, Corebridge recorded a $15 million increase in valuation allowance. For the three months ended March 31, 2024, 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 March 31, 2024, based on all available evidence, we concluded that a valuation allowance of $1.8 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, $1.2 billion relates to the unrealized tax capital losses in the U.S. Life Insurance Companies' available for sale securities portfolio and $561 million relates to the unrealized tax capital losses in the non-life insurance companies' available for sale securities portfolio. For the three months ended March 31, 2024, we recorded an increase in valuation allowance of $194 million associated with the unrealized tax capital losses in the U.S. Life Insurance Companies’ available for sale securities portfolio and $11 million associated with the unrealized tax capital losses in the non-life insurance companies’ available for sale securities portfolio. The valuation allowance increase was primarily allocated to other comprehensive income. For the three months ended March 31, 2024, we recognized a net $3 million decrease in deferred tax asset valuation allowance associated with certain foreign jurisdictions. TAX EXAMINATIONS We are currently under examination by the IRS for the tax years 2011 through 2019, and are engaging in the Appeals process for certain disagreed issues related to tax years 2007 through 2010. ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES At both March 31, 2024 and December 31, 2023, our unrecognized tax benefits, excluding interest and penalties, were $1.4 billion. At both March 31, 2024 and December 31, 2023, the amounts of unrecognized tax benefits that, if recognized, would favorably affect the effective tax rate were $1.4 billion. 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 both March 31, 2024 and December 31, 2023, we had accrued liabilities of $52 million, for the payment of interest (net of the federal benefit) and penalties. For the three months ended March 31, 2024 and March 31, 2023, we accrued benefit of $0 million and $7 million, respectively, for the payment of interest and penalties.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 1,216	$ 30

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Peter Zaffino, our Chairman & CEO, entered into a new trading plan on March 13, 2024. The plan’s maximum duration is until July 24, 2024, and first trades may not occur until June 12, 2024, at the earliest. The trading plan is intended to permit Mr. Zaffino to exercise up to 667,000 stock options expiring on July 24, 2024 and immediately sell the acquired shares.
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Zaffino [Member]
Trading Arrangements, by Individual
Name	Peter Zaffino
Title	Chairman & CEO
Adoption Date	March 13, 2024
Arrangement Duration	133 days
Aggregate Available	667,000

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
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.
Accounting Standards Adopted During 2024 and Future Application of Accounting Standards	ACCOUNTING STANDARDS ADOPTED DURING 2024 Fair Value Measurement On June 30, 2022, the Financial Accounting Standards Board (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 Company adopted the standard on January 1, 2024, prospectively for entities other than investment companies. The adoption of the standard did not have a material impact to AIG consolidated financial statements. FUTURE APPLICATION OF ACCOUNTING STANDARDS Income Tax In December 2023, the FASB issued an accounting standard update to address improvements to income tax disclosures. The standard requires disaggregated information about a company’s effective tax rate reconciliation as well as information on income taxes paid. The standard is effective for public companies for annual periods beginning after December 15, 2024, with early adoption permitted. The standard will be applied on a prospective basis with the option to apply the standard retrospectively. We are assessing the impact of this standard. Segment Reporting
Fair Value Measurement	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.
Investments	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. We also enter into agreements in which securities are purchased by us under agreements to resell (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. 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	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. 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.
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. DAC for all 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 over the expected term of the related contracts.
Other Assets	DEFERRED SALES INDUCEMENTS We offer DSI which include enhanced crediting rates or bonus payments to contract holders (bonus interest) on certain annuity and investment contract products. To qualify for 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. DSI amounts are deferred and amortized on a constant level basis over the life of the contract consistent with DAC.
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. As part of our strategy to enhance investment income, 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.
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.
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. Structured settlement or other annuitization elections (e.g., certain single premium immediate annuities) that do not involve life contingent payments, but rather payments for a stated period are included in Policyholder contract deposits. For traditional and limited pay long-duration products, benefit reserves are accrued and benefit expense is recognized using a net premium ratio methodology for each annual cohort of business. 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. 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. OTHER POLICYHOLDER FUNDS Other policyholder funds include unearned revenue reserves (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. 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).
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, guaranteed minimum death benefits (GMDB) 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. 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.
Separate Accounts	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.
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.
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. During the first quarter, taxable income projections were updated to reflect the latest projections of income for our insurance and non-insurance companies, and projections of taxable income generated from prudent and feasible tax planning strategies. Given there is a shorter carryforward period to utilize remaining net operating losses, we continue to consider multiple data points and stresses. Additionally, 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 2022 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.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Continuing Operations by Operating Segment	The following table presents AIG’s continuing operations by operating segment: Three Months Ended March 31, 2024 2023 (in millions) Adjusted Adjusted Adjusted Adjusted General Insurance North America $ 2,502 $ 224 (a) $ 2,980 $ 299 (a) International 3,284 372 (a) 3,279 203 (a) Net investment income 762 762 746 746 Total General Insurance 6,548 1,358 7,005 1,248 Life and Retirement Individual Retirement 1,686 622 1,484 533 Group Retirement 689 199 683 187 Life Insurance 1,214 58 1,249 82 Institutional Markets 2,332 112 1,955 84 Total Life and Retirement 5,921 991 5,371 886 Other Operations Other Operations before consolidation and eliminations 57 (438) 132 (434) AIG consolidation and eliminations 39 30 (64) (57) Total Other Operations 96 (408) 68 (491) Total 12,565 1,941 12,444 1,643 Reconciling items: Changes in fair value of securities used to hedge guaranteed living benefits 17 (2) 13 (3) Change in the fair value of market risk benefits, net (b) — 369 — (196) Changes in benefit reserves related to net realized gains (losses) — 2 — 6 Changes in the fair value of equity securities 99 99 51 51 Other income (expense) - net 7 — (7) — Net investment income on Fortitude Re funds withheld assets 369 369 446 446 Net realized losses on Fortitude Re funds withheld assets (179) (179) (31) (31) Net realized gains (losses) on Fortitude Re funds withheld embedded derivative 13 13 (1,165) (1,165) Net realized losses (c) (313) (307) (772) (766) Net gain (loss) on divestitures and other — 6 — (2) Non-operating litigation reserves and settlements — — 1 1 (Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements — (2) — 19 Net loss reserve discount benefit (charge) — (76) — (64) Integration and transaction costs associated with acquiring or divesting businesses — (64) — (52) Restructuring and other costs — (114) — (117) Non-recurring costs related to regulatory or accounting changes — (4) — (13) Net impact from elimination of international reporting lag (d) — — 4 12 Revenues and pre-tax income (loss) $ 12,578 $ 2,051 $ 10,984 $ (231) (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) For additional information, see Note 1 to the Consolidated Financial Statements in the 2023 Annual Report.

Held-For-Sale Classification (T

Held-For-Sale Classification (Tables)	3 Months Ended
	Mar. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Components of Assets and Liabilities Held-for-Sale	The following table summarizes the components of assets and liabilities held-for-sale on the Condensed Consolidated Balance Sheets at March 31, 2024 and December 31, 2023 after elimination of intercompany balances: March 31, 2024 December 31, 2023 (in millions) AIG Life Other Total AIG Life Other Total Assets: Bonds available for sale $ 160 $ 15 $ 175 $ 167 $ 14 $ 181 Other invested assets — 167 167 — 67 67 Short-term investments 24 1 25 11 1 12 Cash — 1 1 3 — 3 Accrued investment income 3 1 4 3 — 3 Premiums and other receivables, net of allowance for credit losses and disputes 131 14 145 116 9 125 Reinsurance assets - other, net of allowance for credit losses and disputes 882 5 887 899 3 902 Deferred income taxes 47 — 47 47 — 47 Deferred policy acquisition costs 841 1 842 814 — 814 Other assets, net of allowance for credit losses (a) 82 13 95 83 31 114 Total assets held for sale $ 2,170 $ 218 $ 2,388 $ 2,143 $ 125 $ 2,268 Liabilities: Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses $ — $ 24 $ 24 $ — $ 19 $ 19 Unearned premiums 62 11 73 54 7 61 Future policy benefits for life and accident and health insurance contracts 842 — 842 838 — 838 Other liabilities 869 5 874 854 3 857 Total liabilities held for sale $ 1,773 $ 40 $ 1,813 $ 1,746 $ 29 $ 1,775 (a)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2024
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: March 31, 2024 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 $ 5,764 $ — $ — $ — $ 5,789 Obligations of states, municipalities and political subdivisions — 9,260 833 — — 10,093 Non-U.S. governments 163 11,798 7 — — 11,968 Corporate debt — 133,861 1,957 — — 135,818 RMBS — 13,308 8,113 — — 21,421 CMBS — 13,898 590 — — 14,488 CLO/ABS — 14,864 18,046 — — 32,910 Total bonds available for sale 188 202,753 29,546 — — 232,487 Other bond securities: Obligations of states, municipalities and political subdivisions — 89 1 — — 90 Non-U.S. governments — 39 — — — 39 Corporate debt — 2,775 222 — — 2,997 RMBS — 113 160 — — 273 CMBS — 266 17 — — 283 CLO/ABS — 560 1,161 — — 1,721 Total other bond securities — 3,842 1,561 — — 5,403 Equity securities 727 12 58 — — 797 Other invested assets (b) — 134 1,854 — — 1,988 Derivative assets (c) : Interest rate contracts — 3,074 410 — — 3,484 Foreign exchange contracts — 1,235 1 — — 1,236 Equity contracts — 1,805 1,073 — — 2,878 Credit contracts — 78 33 — — 111 Other contracts — — 13 — — 13 Counterparty netting and cash collateral — — — (4,545) (2,601) (7,146) Total derivative assets — 6,192 1,530 (4,545) (2,601) 576 Short-term investments 2,969 5,518 — — — 8,487 Market risk benefit assets — — 1,172 — — 1,172 Other assets (c) — — 129 — — 129 Separate account assets 91,859 3,314 — — — 95,173 Total (d) $ 95,743 $ 221,765 $ 35,850 $ (4,545) $ (2,601) $ 346,212 Liabilities: Policyholder contract deposits $ — $ 63 $ 8,550 $ — $ — $ 8,613 Market risk benefit liabilities — — 5,167 — — 5,167 Derivative liabilities (c) : Interest rate contracts — 3,379 — — — 3,379 Foreign exchange contracts — 624 3 — — 627 Equity contracts — 1,175 54 — — 1,229 Credit contracts — 3 33 — — 36 Other contracts — — 1 — — 1 Counterparty netting and cash collateral — — — (4,545) (326) (4,871) Total derivative liabilities — 5,181 91 (4,545) (326) 401 Fortitude Re funds withheld payable — — (1,364) — — (1,364) Other liabilities — — 92 — — 92 Long-term debt — 68 — — — 68 Total $ — $ 5,312 $ 12,536 $ (4,545) $ (326) $ 12,977 December 31, 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 $ 35 $ 5,581 $ — $ — $ — $ 5,616 Obligations of states, municipalities and political subdivisions — 9,816 847 — — 10,663 Non-U.S. governments 233 12,213 7 — — 12,453 Corporate debt — 136,753 1,679 — — 138,432 RMBS — 12,804 7,640 — — 20,444 CMBS — 13,495 633 — — 14,128 CLO/ABS — 13,959 16,038 — — 29,997 Total bonds available for sale 268 204,621 26,844 — — 231,733 Other bond securities: Obligations of states, municipalities and political subdivisions — 90 1 — — 91 Non-U.S. governments — 37 — — — 37 Corporate debt — 2,697 211 — — 2,908 RMBS — 105 158 — — 263 CMBS — 244 17 — — 261 CLO/ABS — 512 1,169 — — 1,681 Total other bond securities — 3,685 1,556 — — 5,241 Equity securities 632 40 56 — — 728 Other invested assets (b) — 155 2,070 — — 2,225 Derivative assets (c) : Interest rate contracts — 2,826 460 — — 3,286 Foreign exchange contracts — 1,235 1 — — 1,236 Equity contracts 7 1,187 825 — — 2,019 Credit contracts — 8 33 — — 41 Other contracts — — 13 — — 13 Counterparty netting and cash collateral — — — (3,864) (2,220) (6,084) Total derivative assets 7 5,256 1,332 (3,864) (2,220) 511 Short-term investments 2,635 8,137 — — — 10,772 Market risk benefit assets — — 912 — — 912 Other assets (c) — — 243 — — 243 Separate account assets 87,814 3,191 — — — 91,005 Total (d) $ 91,356 $ 225,085 $ 33,013 $ (3,864) $ (2,220) $ 343,370 Liabilities: Policyholder contract deposits $ — $ 55 $ 7,942 $ — $ — $ 7,997 Market risk benefit liabilities — — 5,705 — — 5,705 Derivative liabilities (c) : Interest rate contracts — 3,631 — — — 3,631 Foreign exchange contracts — 891 3 — — 894 Equity contracts 2 680 63 — — 745 Credit contracts — 4 33 — — 37 Other contracts — — 2 — — 2 Counterparty netting and cash collateral — — — (3,864) (1,050) (4,914) Total derivative liabilities 2 5,206 101 (3,864) (1,050) 395 Fortitude Re funds withheld payable — — (1,226) — — (1,226) Other liabilities — 107 122 — — 229 Long-term debt — 53 — — — 53 Total $ 2 $ 5,421 $ 12,644 $ (3,864) $ (1,050) $ 13,153 (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 $9.5 billion and $9.5 billion as of March 31, 2024 and December 31, 2023, respectively. (c) Presented as part of Other assets and Other liabilities on the Condensed Consolidated Balance Sheets. (d)
Schedule of Assets Measured on a Recurring Basis	The following tables present changes during the three months ended March 31, 2024 and 2023 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 March 31, 2024 and 2023: (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended March 31, 2024 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 847 $ — $ (14) $ — $ — $ — $ — $ 833 $ — $ (16) Non-U.S. governments 7 — — — — — — 7 — — Corporate debt 1,679 2 1 (29) 342 (38) — 1,957 — (4) RMBS 7,640 90 93 329 — (39) — 8,113 — 89 CMBS 633 (5) 46 (103) 144 (125) — 590 — 11 CLO/ABS 16,038 55 168 1,274 677 (166) — 18,046 — 164 Total bonds available for sale 26,844 142 294 1,471 1,163 (368) — 29,546 — 244 Other bond securities: Obligations of states, municipalities and political subdivisions 1 — — — — — — 1 — — Corporate debt 211 8 — — 3 — — 222 8 — RMBS 158 3 — (1) — — — 160 2 — CMBS 17 — — — — — — 17 — — CLO/ABS 1,169 14 — (20) — (2) — 1,161 3 — Total other bond securities 1,556 25 — (21) 3 (2) — 1,561 13 — Equity securities 56 3 — — — (1) — 58 3 — Other invested assets 2,070 (92) (8) (33) — (57) (26) 1,854 (90) — Other assets 243 — — (114) — — — 129 — — Total (a) $ 30,769 $ 78 $ 286 $ 1,303 $ 1,166 $ (428) $ (26) $ 33,148 $ (74) $ 244 (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 7,942 $ 452 $ — $ 156 $ — $ — $ — $ 8,550 $ (3) $ — Derivative liabilities, net: Interest rate contracts (460) 103 — (53) — — — (410) 193 — Foreign exchange contracts 2 — — — — — — 2 — — Equity contracts (762) (192) — (65) — — — (1,019) 187 — Other contracts (11) (16) — 15 — — — (12) 16 — Total derivative liabilities, net (b) (1,231) (105) — (103) — — — (1,439) 396 — Fortitude Re funds withheld payable (1,226) (13) — (125) — — — (1,364) 209 — Other Liabilities 122 (30) — — — — — 92 — — Total (c) $ 5,607 $ 304 $ — $ (72) $ — $ — $ — $ 5,839 $ 602 $ — (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended March 31, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 824 $ 1 $ 55 $ (7) $ — $ — $ — $ 873 $ — $ 44 Non-U.S. governments 1 1 — — 7 — — 9 — — Corporate debt 2,847 (102) 51 (201) 274 (421) (16) 2,432 — 50 RMBS 7,553 109 (70) 10 — (21) — 7,581 — (98) CMBS 926 7 (3) 1 34 (27) — 938 — (34) CLO/ABS 12,748 50 271 840 58 (102) 24 13,889 — 229 Total bonds available for sale 24,899 66 304 643 373 (571) 8 25,722 — 191 Other bond securities: Obligations of states, municipalities and political subdivisions — — — 1 — — — 1 — — Corporate debt 416 1 — (96) — (191) — 130 3 — RMBS 173 5 — (12) — — — 166 (3) — CMBS 28 (1) — — — — — 27 (1) — CLO/ABS 910 36 — 18 1 (7) 52 1,010 24 — Total other bond securities 1,527 41 — (89) 1 (198) 52 1,334 23 — Equity securities 39 — — 27 8 — — 74 — — Other invested assets 2,075 (52) 5 58 — — — 2,086 (50) — Other assets 107 — — 3 — — — 110 — — Total (a) $ 28,647 $ 55 $ 309 $ 642 $ 382 $ (769) $ 60 $ 29,326 $ (27) $ 191 (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 5,367 $ 381 $ — $ 316 $ — $ — $ — $ 6,064 $ (368) $ — Derivative liabilities, net: Interest rate contracts (311) 57 — (102) — — — (356) (50) — Equity contracts (271) (56) — (175) — — — (502) 51 136 Other contracts (14) (16) — 16 — — — (14) 16 — Total derivative liabilities, net (b) (596) (15) — (261) — — — (872) 17 136 Fortitude Re funds withheld payable (2,235) 1,165 — (793) — — — (1,863) (759) — Other liabilities 112 — — — — — — 112 — — Total (c) $ 2,648 $ 1,531 $ — $ (738) $ — $ — $ — $ 3,441 $ (1,110) $ 136 (a) Excludes MRB assets of $1.2 billion at March 31, 2024 and $830 million at March 31, 2023. 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 $5.2 billion at March 31, 2024 and $5.1 billion at March 31, 2023. For additional information, see Note 13. The following table presents the gross components of purchases, sales, issuances and settlements, net, shown above, for the three months ended March 31, 2024 and 2023 related to Level 3 assets and liabilities in the Condensed Consolidated Balance Sheets: (in millions) Purchases Sales Issuances and Settlements (a) Purchases, Sales, Issuances and Settlements, Net (a) Three Months Ended March 31, 2024 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 1 $ — $ (1) $ — Corporate debt 8 (3) (34) (29) RMBS 574 (1) (244) 329 CMBS — (30) (73) (103) CLO/ABS 1,894 (56) (564) 1,274 Total bonds available for sale 2,477 (90) (916) 1,471 Other bond securities: RMBS 3 — (4) (1) CLO/ABS 41 — (61) (20) Total other bond securities 44 — (65) (21) Other invested assets 63 — (96) (33) Other assets — — (114) (114) Total $ 2,584 $ (90) $ (1,191) $ 1,303 (in millions) Purchases Sales Issuances and Settlements (a) Purchases, Sales, Issuances and Settlements, Net (a) Liabilities: Policyholder contract deposits $ — $ 332 $ (176) $ 156 Derivative liabilities, net (194) 6 85 (103) Fortitude Re funds withheld payable — — (125) (125) Total $ (194) $ 338 $ (216) $ (72) Three Months Ended March 31, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 1 $ (4) $ (4) $ (7) Corporate Debt 21 — (222) (201) RMBS 290 (19) (261) 10 CMBS 10 (6) (3) 1 CLO/ABS 897 (3) (54) 840 Total bonds available for sale 1,219 (32) (544) 643 Other bond securities: Obligations of states, municipalities and political subdivisions 1 — — 1 Corporate debt — — (96) (96) RMBS 5 — (17) (12) CLO/ABS 46 (4) (24) 18 Total other bond securities 52 (4) (137) (89) Equity securities 29 — (2) 27 Other invested assets 72 — (14) 58 Other assets — — 3 3 Total $ 1,372 $ (36) $ (694) $ 642 Liabilities: Policyholder contract deposits $ — $ 326 $ (10) $ 316 Derivative liabilities, net (260) 5 (6) (261) Fortitude Re funds withheld payable — — (793) (793) Total $ (260) $ 331 $ (809) $ (738) (a)
Schedule of Liabilities Measured on a Recurring Basis	The following tables present changes during the three months ended March 31, 2024 and 2023 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 March 31, 2024 and 2023: (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended March 31, 2024 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 847 $ — $ (14) $ — $ — $ — $ — $ 833 $ — $ (16) Non-U.S. governments 7 — — — — — — 7 — — Corporate debt 1,679 2 1 (29) 342 (38) — 1,957 — (4) RMBS 7,640 90 93 329 — (39) — 8,113 — 89 CMBS 633 (5) 46 (103) 144 (125) — 590 — 11 CLO/ABS 16,038 55 168 1,274 677 (166) — 18,046 — 164 Total bonds available for sale 26,844 142 294 1,471 1,163 (368) — 29,546 — 244 Other bond securities: Obligations of states, municipalities and political subdivisions 1 — — — — — — 1 — — Corporate debt 211 8 — — 3 — — 222 8 — RMBS 158 3 — (1) — — — 160 2 — CMBS 17 — — — — — — 17 — — CLO/ABS 1,169 14 — (20) — (2) — 1,161 3 — Total other bond securities 1,556 25 — (21) 3 (2) — 1,561 13 — Equity securities 56 3 — — — (1) — 58 3 — Other invested assets 2,070 (92) (8) (33) — (57) (26) 1,854 (90) — Other assets 243 — — (114) — — — 129 — — Total (a) $ 30,769 $ 78 $ 286 $ 1,303 $ 1,166 $ (428) $ (26) $ 33,148 $ (74) $ 244 (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 7,942 $ 452 $ — $ 156 $ — $ — $ — $ 8,550 $ (3) $ — Derivative liabilities, net: Interest rate contracts (460) 103 — (53) — — — (410) 193 — Foreign exchange contracts 2 — — — — — — 2 — — Equity contracts (762) (192) — (65) — — — (1,019) 187 — Other contracts (11) (16) — 15 — — — (12) 16 — Total derivative liabilities, net (b) (1,231) (105) — (103) — — — (1,439) 396 — Fortitude Re funds withheld payable (1,226) (13) — (125) — — — (1,364) 209 — Other Liabilities 122 (30) — — — — — 92 — — Total (c) $ 5,607 $ 304 $ — $ (72) $ — $ — $ — $ 5,839 $ 602 $ — (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended March 31, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 824 $ 1 $ 55 $ (7) $ — $ — $ — $ 873 $ — $ 44 Non-U.S. governments 1 1 — — 7 — — 9 — — Corporate debt 2,847 (102) 51 (201) 274 (421) (16) 2,432 — 50 RMBS 7,553 109 (70) 10 — (21) — 7,581 — (98) CMBS 926 7 (3) 1 34 (27) — 938 — (34) CLO/ABS 12,748 50 271 840 58 (102) 24 13,889 — 229 Total bonds available for sale 24,899 66 304 643 373 (571) 8 25,722 — 191 Other bond securities: Obligations of states, municipalities and political subdivisions — — — 1 — — — 1 — — Corporate debt 416 1 — (96) — (191) — 130 3 — RMBS 173 5 — (12) — — — 166 (3) — CMBS 28 (1) — — — — — 27 (1) — CLO/ABS 910 36 — 18 1 (7) 52 1,010 24 — Total other bond securities 1,527 41 — (89) 1 (198) 52 1,334 23 — Equity securities 39 — — 27 8 — — 74 — — Other invested assets 2,075 (52) 5 58 — — — 2,086 (50) — Other assets 107 — — 3 — — — 110 — — Total (a) $ 28,647 $ 55 $ 309 $ 642 $ 382 $ (769) $ 60 $ 29,326 $ (27) $ 191 (in millions) Fair Value MRBs and Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Policyholder contract deposits $ 5,367 $ 381 $ — $ 316 $ — $ — $ — $ 6,064 $ (368) $ — Derivative liabilities, net: Interest rate contracts (311) 57 — (102) — — — (356) (50) — Equity contracts (271) (56) — (175) — — — (502) 51 136 Other contracts (14) (16) — 16 — — — (14) 16 — Total derivative liabilities, net (b) (596) (15) — (261) — — — (872) 17 136 Fortitude Re funds withheld payable (2,235) 1,165 — (793) — — — (1,863) (759) — Other liabilities 112 — — — — — — 112 — — Total (c) $ 2,648 $ 1,531 $ — $ (738) $ — $ — $ — $ 3,441 $ (1,110) $ 136 (a) Excludes MRB assets of $1.2 billion at March 31, 2024 and $830 million at March 31, 2023. 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 $5.2 billion at March 31, 2024 and $5.1 billion at March 31, 2023. For additional information, see Note 13. The following table presents the gross components of purchases, sales, issuances and settlements, net, shown above, for the three months ended March 31, 2024 and 2023 related to Level 3 assets and liabilities in the Condensed Consolidated Balance Sheets: (in millions) Purchases Sales Issuances and Settlements (a) Purchases, Sales, Issuances and Settlements, Net (a) Three Months Ended March 31, 2024 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 1 $ — $ (1) $ — Corporate debt 8 (3) (34) (29) RMBS 574 (1) (244) 329 CMBS — (30) (73) (103) CLO/ABS 1,894 (56) (564) 1,274 Total bonds available for sale 2,477 (90) (916) 1,471 Other bond securities: RMBS 3 — (4) (1) CLO/ABS 41 — (61) (20) Total other bond securities 44 — (65) (21) Other invested assets 63 — (96) (33) Other assets — — (114) (114) Total $ 2,584 $ (90) $ (1,191) $ 1,303 (in millions) Purchases Sales Issuances and Settlements (a) Purchases, Sales, Issuances and Settlements, Net (a) Liabilities: Policyholder contract deposits $ — $ 332 $ (176) $ 156 Derivative liabilities, net (194) 6 85 (103) Fortitude Re funds withheld payable — — (125) (125) Total $ (194) $ 338 $ (216) $ (72) Three Months Ended March 31, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 1 $ (4) $ (4) $ (7) Corporate Debt 21 — (222) (201) RMBS 290 (19) (261) 10 CMBS 10 (6) (3) 1 CLO/ABS 897 (3) (54) 840 Total bonds available for sale 1,219 (32) (544) 643 Other bond securities: Obligations of states, municipalities and political subdivisions 1 — — 1 Corporate debt — — (96) (96) RMBS 5 — (17) (12) CLO/ABS 46 (4) (24) 18 Total other bond securities 52 (4) (137) (89) Equity securities 29 — (2) 27 Other invested assets 72 — (14) 58 Other assets — — 3 3 Total $ 1,372 $ (36) $ (694) $ 642 Liabilities: Policyholder contract deposits $ — $ 326 $ (10) $ 316 Derivative liabilities, net (260) 5 (6) (261) Fortitude Re funds withheld payable — — (793) (793) Total $ (260) $ 331 $ (809) $ (738) (a)
Schedule of Market Risk Benefits and Net Realized and Unrealized Gains and Losses Included in Income, Level 3 Assets	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 March 31, 2024 Assets: Bonds available for sale $ 174 $ (32) $ — $ — $ 142 Other bond securities 25 — — — 25 Equity securities 3 — — — 3 Other invested assets (91) (1) — — (92) Three Months Ended March 31, 2023 Assets: Bonds available for sale $ 62 $ 4 $ — $ — $ 66 Other bond securities 41 — — — 41 Other invested assets (51) (1) — — (52) (in millions) Net Net Realized Change in the fair value of market risk benefits, net (c) Other Total Three Months Ended March 31, 2024 Liabilities: Policyholder contract deposits (a) $ — $ 452 $ — $ — $ 452 Market risk benefit liabilities, net (b) — (2) (1,069) — (1,071) Derivative liabilities, net — (152) 62 (15) (105) Fortitude Re funds withheld payable — (13) — — (13) Other Liabilities — (30) — — (30) Three Months Ended March 31, 2023 Liabilities: Policyholder contract deposits (a) $ — $ 381 $ — $ — $ 381 Market risk benefit liabilities, net (b) — — 87 — 87 Derivative liabilities, net — (88) 89 (16) (15) Fortitude Re funds withheld payable — 1,165 — — 1,165 (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 Other comprehensive income (loss) (OCI)
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 $ 809 Discounted cash flow Yield 5.10% - 5.39% (5.24%) Corporate debt 1,945 Discounted cash flow Yield 4.94% - 10.81% (7.65%) RMBS (a) 4,672 Discounted cash flow Constant prepayment rate 4.40% - 10.02% (7.21%) Loss severity 35.81% - 84.47% (60.14%) Constant default rate 0.78% - 2.56% (1.67%) Yield 5.66% - 7.02% (6.34%) CLO/ABS (a) 16,371 Discounted cash flow Yield 5.81% - 7.89% (6.85%) CMBS 547 Discounted cash flow Yield 5.22% - 18.38% (11.41%) Market risk benefit assets 1,172 Discounted cash flow Equity volatility 6.35% - 49.95% Base lapse rate 0.16% - 28.80% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 38.25% - 160.01% Utilization (g) 80.00% - 100.00% Equity / interest rate correlation 0.00% - 30.00% NPA (h) 0.06% - 2.33% Liabilities (d) : Market risk benefit liabilities: Variable annuities guaranteed benefits 1,675 Discounted cash flow Equity volatility 6.35% - 49.95% Base lapse rate 0.16% - 28.80% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 38.25% - 160.01% Utilization (g) 80.00% - 100.00% Equity / interest rate correlation 0.00% - 30.00% NPA (h) 0.06% - 2.33% Fixed annuities guaranteed benefits 1,130 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 (g) 90.00% - 97.50% NPA (h) 0.06% - 2.33% Fixed index annuities guaranteed benefits 2,362 Discounted cash flow Equity volatility 6.35% - 49.95% Base lapse rate 0.20% - 50.00% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 24.00% - 146.00% Utilization (g) 60.00% - 97.50% Option budget 0.00% - 6.00% Equity / interest rate correlation 0.00% - 30.00% NPA (h) 0.06% - 2.33% (in millions) Fair Value at Valuation Unobservable Input (b) Range (Weighted Average) (c) Embedded derivatives within Policyholder contract deposits: Index credits on fixed index annuities (i) 7,603 Discounted cash flow Equity volatility 6.35% - 49.95% Base lapse rate 0.20% - 50.00% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 24.00% - 146.00% Utilization (g) 60.00% - 97.50% Option budget 0.00% - 6.00% Equity / interest rate correlation 0.00% - 30.00% NPA (h) 0.06% - 2.33% Index universal life 947 Discounted cash flow Base lapse rate 0.00% - 37.97% Mortality rate 0.00% - 100.00% Equity volatility 5.85% - 19.95% NPA (h) 0.06% - 2.33% (in millions) Fair Value at Valuation Unobservable Input (b) Range (Weighted Average) (c) Assets: Obligations of states, municipalities and political subdivisions $ 824 Discounted cash flow Yield 4.97% - 5.31% (5.14%) Corporate debt 1,803 Discounted cash flow Yield 5.19% - 8.48% (6.83%) RMBS (a) 4,656 Discounted cash flow Constant prepayment rate 4.34% - 9.99% (7.17%) Loss severity 33.56% - 87.59% (60.57%) Constant default rate 0.76% - 2.56% (1.66%) Yield 6.13% - 7.41% (6.77%) CLO/ABS (a) 14,242 Discounted cash flow Yield 5.62% - 7.89% (6.76%) CMBS 587 Discounted cash flow Yield 5.62% - 17.85% (11.73%) Market risk benefit assets 912 Discounted cash flow Equity volatility 6.25% - 49.75% Base lapse rate 0.16% - 28.80% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 38.25% - 160.01% Utilization (g) 80.00% - 100.00% Equity / interest rate correlation 0.00% - 30.00% NPA (h) 0.00% - 2.29% Liabilities (d) : Market risk benefit liabilities: Variable annuities guaranteed benefits 2,174 Discounted cash flow Equity volatility 6.25% - 49.75% Base lapse rate 0.16% - 28.80% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 38.25% - 160.01% Utilization (g) 80.00% - 100.00% Equity / interest rate correlation 0.00% - 30.00% NPA (h) 0.00% - 2.29% Fixed annuities guaranteed benefits 1,111 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 (g) 90.00% - 97.50% NPA (h) 0.00% - 2.29% Fixed index annuities guaranteed benefits 2,420 Discounted cash flow Equity volatility 6.25% - 49.75% Base lapse rate 0.20% - 50.00% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 24.00% - 146.00% Utilization (g) 60.00% - 97.50% Option budget 0.00% - 6.00% Equity / interest rate correlation 0.00% - 30.00% NPA (h) 0.00% - 2.29% (in millions) Fair Value at Valuation Unobservable Input (b) Range (Weighted Average) (c) Embedded derivatives within Policyholder contract deposits: Index credits on fixed index annuities (i) 6,953 Discounted cash flow Equity volatility 6.25% - 49.75% Base lapse rate 0.20% - 50.00% Dynamic lapse multiplier (e) 20.00% - 186.18% Mortality multiplier (e)(f) 24.00% - 146.00% Utilization (g) 60.00% - 97.50% Option budget 0.00% - 6.00% Equity / interest rate correlation 0.00% - 30.00% NPA (h) 0.00% - 2.29% Index universal life 989 Discounted cash flow Base lapse rate 0.00% - 37.97% Mortality rate 0.00% - 100.00% Equity volatility 5.85% - 20.36% NPA (h) 0.00% - 2.29% (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 modified coinsurance (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 partial withdrawal utilization unobservable input range shown applies only to policies with GMWB riders. (h) The non-performance risk adjustment (NPA) applied as a spread over risk-free curve for discounting. (i)
Schedule of 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. March 31, 2024 December 31, 2023 (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 $ 3,736 $ 2,278 $ 3,617 $ 2,313 Real assets Investments in real estate properties, agricultural and infrastructure assets, including power plants and other energy producing assets 1,712 824 1,814 782 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 266 136 270 141 Growth equity Funds that make investments in established companies for the purpose of growing their businesses 690 112 680 117 Mezzanine Funds that make investments in the junior debt and equity securities of leveraged companies 263 94 292 98 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 2,168 257 2,125 297 Total private equity funds 8,835 3,701 8,798 3,748 Hedge funds: Event-driven Securities of companies undergoing material structural changes, including mergers, acquisitions and other reorganizations 17 — 18 — Long-short Securities that the manager believes are undervalued, with corresponding short positions to hedge market risk 565 — 549 — Macro Investments that take long and short positions in financial instruments based on a top-down view of certain economic and capital market conditions 37 — 69 — 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 68 — 74 — Total hedge funds 687 — 710 — Total $ 9,522 $ 3,701 $ 9,508 $ 3,748
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: Three Months Ended March 31, Gain (Loss) (in millions) 2024 2023 Assets: Other bond securities (a) $ 78 $ 136 Alternative investments (b) 130 77 Liabilities: Long-term debt (c) 1 (1) Total gain (loss) $ 209 $ 212 (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: March 31, 2024 December 31, 2023 (in millions) Fair Value Outstanding Principal Amount Difference Fair Value Outstanding Principal Amount Difference Long-term debt* $ 68 $ 60 $ 8 $ 53 $ 44 $ 9 * Includes GIAs, notes, bonds, loans and mortgages payable.
Schedule of Assets Measured at Far Value on a Non-Recurring Basis	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 (in millions) Level 1 Level 2 Level 3 Total 2024 2023 March 31, 2024 Other investments $ — $ — $ 98 $ 98 $ 25 $ — Other assets — — — — 1 9 Total $ — $ — $ 98 $ 98 $ 26 $ 9 December 31, 2023 Other investments $ — $ — $ 80 $ 80 Total $ — $ — $ 80 $ 80
Schedule of Fair Values of 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 March 31, 2024 Assets: Mortgage and other loans receivable $ — $ 322 $ 48,810 $ 49,132 $ 52,475 Other invested assets — 896 6 902 902 Short-term investments (a) — 6,590 — 6,590 6,590 Cash (b) 1,816 — — 1,816 1,816 Other assets 43 — — 43 43 Liabilities: Policyholder contract deposits associated with investment-type contracts — 86 136,106 136,192 141,851 Fortitude Re funds withheld payable — — 30,153 30,153 30,153 Other liabilities (c) — 3,585 — 3,585 3,585 Short-term and long-term debt — 17,928 249 18,177 19,250 Debt of consolidated investment entities — 67 2,527 2,594 2,617 Separate account liabilities - investment contracts — 91,243 — 91,243 91,243 December 31, 2023 Assets: Mortgage and other loans receivable $ — $ 272 $ 48,264 $ 48,536 $ 51,553 Other invested assets — 913 6 919 919 Short-term investments (a) — 6,428 — 6,428 6,428 Cash (b) 2,155 — — 2,155 2,155 Other assets 45 — — 45 45 Liabilities: Policyholder contract deposits associated with investment-type contracts — 90 130,094 130,184 140,652 Fortitude Re funds withheld payable — — 30,710 30,710 30,710 Other liabilities (c) — 2,467 — 2,467 2,467 Short-term and long-term debt — 18,595 267 18,862 19,743 Debt of consolidated investment entities — 43 2,526 2,569 2,591 Separate account liabilities - investment contracts — 87,215 — 87,215 87,215 (a) Excludes $25 million and $11 million at March 31, 2024 and December 31, 2023, respectively, reclassified to Assets held for sale on the Condensed Consolidated Balance Sheets. (b) Excludes $1 million and $3 million at March 31, 2024 and December 31, 2023, respectively, reclassified to Assets held for sale on the Condensed Consolidated Balance Sheets. (c)

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2024
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 (b) Gross Unrealized Losses (b) Fair Value March 31, 2024 Bonds available for sale: U.S. government and government sponsored entities $ 6,157 $ — $ 23 $ (391) $ 5,789 Obligations of states, municipalities and political subdivisions 10,894 — 85 (886) 10,093 Non-U.S. governments 13,310 — 109 (1,451) 11,968 Corporate debt 153,436 (84) 1,598 (19,132) 135,818 Mortgage-backed, asset-backed and collateralized: RMBS 21,841 (24) 849 (1,245) 21,421 CMBS 15,563 (17) 68 (1,126) 14,488 CLO/ABS 33,866 — 234 (1,190) 32,910 Total mortgage-backed, asset-backed and collateralized 71,270 (41) 1,151 (3,561) 68,819 Total bonds available for sale (c) $ 255,067 $ (125) $ 2,966 $ (25,421) $ 232,487 December 31, 2023 Bonds available for sale: U.S. government and government sponsored entities $ 5,885 $ — $ 58 $ (327) $ 5,616 Obligations of states, municipalities and political subdivisions 11,387 — 118 (842) 10,663 Non-U.S. governments 13,668 (3) 137 (1,349) 12,453 Corporate debt 154,674 (90) 1,898 (18,050) 138,432 Mortgage-backed, asset-backed and collateralized: RMBS 20,875 (35) 821 (1,217) 20,444 CMBS 15,379 (34) 46 (1,263) 14,128 CLO/ABS 31,167 — 183 (1,353) 29,997 Total mortgage-backed, asset-backed and collateralized 67,421 (69) 1,050 (3,833) 64,569 Total bonds available for sale (c) $ 253,035 $ (162) $ 3,261 $ (24,401) $ 231,733 (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 March 31, 2024, includes mark to market movement relating to embedded derivatives. (c) At March 31, 2024 and December 31, 2023, the fair value of bonds available for sale held by us that were below investment grade or not rated totaled $16.9 billion or 7 percent and $17.1 billion or 7 percent, respectively.
Schedule of Fair Value and Gross Unrealized Loss on Available for Sale Securities	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 March 31, 2024 Bonds available for sale: U.S. government and government sponsored entities $ 2,600 $ 33 $ 1,486 $ 358 $ 4,086 $ 391 Obligations of states, municipalities and political subdivisions 2,150 134 5,187 752 7,337 886 Non-U.S. governments 2,007 148 7,424 1,302 9,431 1,450 Corporate debt 16,567 2,141 91,020 16,952 107,587 19,093 RMBS 4,044 189 7,877 1,025 11,921 1,214 CMBS 1,678 70 8,664 1,050 10,342 1,120 CLO/ABS 6,593 154 12,577 1,036 19,170 1,190 Total bonds available for sale $ 35,639 $ 2,869 $ 134,235 $ 22,475 $ 169,874 $ 25,344 December 31, 2023 Bonds available for sale: U.S. government and government sponsored entities $ 1,046 $ 12 $ 1,550 $ 315 $ 2,596 $ 327 Obligations of states, municipalities and political subdivisions 1,994 133 5,218 709 7,212 842 Non-U.S. governments 1,901 168 7,483 1,175 9,384 1,343 Corporate debt 15,483 1,936 93,649 16,076 109,132 18,012 RMBS 4,154 288 7,246 880 11,400 1,168 CMBS 2,864 219 8,192 1,027 11,056 1,246 CLO/ABS 6,965 202 13,436 1,151 20,401 1,353 Total bonds available for sale $ 34,407 $ 2,958 $ 136,774 $ 21,333 $ 171,181 $ 24,291 * At March 31, 2024, includes mark to market movement relating to embedded derivatives.
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: March 31, 2024 Total Fixed Maturity Securities (in millions) Amortized Cost, Fair Value Due in one year or less $ 8,347 $ 8,235 Due after one year through five years 47,710 46,259 Due after five years through ten years 39,506 36,657 Due after ten years 88,150 72,517 Mortgage-backed, asset-backed and collateralized 71,229 68,819 Total $ 254,942 $ 232,487
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 March 31, 2024 2023 (in millions) Gross Gross Gross Gross Fixed maturity securities $ 20 $ 463 $ 146 $ 598 The following table presents the components of Net realized gains (losses): Three Months Ended March 31, 2024 2023 (in millions) Excluding Fortitude Fortitude Re Total Excluding Fortitude Fortitude Re Total Sales of fixed maturity securities $ (406) $ (37) $ (443) $ (387) $ (65) $ (452) Intent to sell (16) (32) (48) — — — Change in allowance for credit losses on fixed maturity securities (62) (6) (68) (16) — (16) Change in allowance for credit losses on loans (23) 1 (22) (42) (21) (63) Foreign exchange transactions 14 (14) — 114 16 130 Index-linked interest credited embedded derivatives, net of related hedges 90 — 90 (178) — (178) All other derivatives and hedge accounting* 123 (90) 33 (217) 38 (179) Sales of alternative investments and real estate investments 30 (1) 29 4 1 5 Other (8) — (8) 9 — 9 Net realized gains (losses) – excluding Fortitude Re funds withheld embedded derivative (258) (179) (437) (713) (31) (744) Net realized gains (losses) on Fortitude Re funds withheld embedded derivative — 13 13 — (1,165) (1,165) Net realized gains (losses) $ (258) $ (166) $ (424) $ (713) $ (1,196) $ (1,909) * 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.
Fair Value of Fixed Maturity Securities Measured at Fair Value Based on Election of the Fair Value Option	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) March 31, 2024 December 31, 2023 Fair Percent Fair Percent Fixed maturity securities: Obligations of states, municipalities and political subdivisions $ 90 1 % $ 91 2 % Non-U.S. governments 39 1 37 1 Corporate debt 2,997 48 2,908 49 Mortgage-backed, asset-backed and collateralized: RMBS 273 4 263 4 CMBS 283 5 261 4 CLO/ABS and other collateralized 1,721 28 1,681 28 Total mortgage-backed, asset-backed and collateralized 2,277 37 2,205 36 Total fixed maturity securities 5,403 87 5,241 88 Equity securities 797 13 728 12 Total $ 6,200 100 % $ 5,969 100 %
Schedule of Other Invested Assets	The following table summarizes the carrying amounts of other invested assets: (in millions) March 31, 2024 December 31, 2023 Alternative investments (a)(b) $ 11,195 $ 11,320 Investment real estate (c) 2,159 2,237 All other investments (d) 2,623 2,660 Total $ 15,977 $ 16,217 (a) At March 31, 2024, included hedge funds of $0.7 billion and private equity funds of $10.5 billion. At December 31, 2023, included hedge funds of $0.7 billion and private equity funds of $10.6 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 six 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 March 31, 2024 and December 31, 2023, the accumulated depreciation was $834 million and $853 million, respectively. (d)
Schedule of Net Investment Income	NET INVESTMENT INCOME The following table presents the components of Net investment income: Three Months Ended March 31, 2024 2023 (in millions) Excluding Fortitude Fortitude Re Total Excluding Fortitude Fortitude Re Total Available for sale fixed maturity securities, including short-term investments $ 2,946 $ 216 $ 3,162 $ 2,546 $ 243 $ 2,789 Other fixed maturity securities 9 71 80 12 123 135 Equity securities 99 — 99 51 — 51 Interest on mortgage and other loans 649 57 706 567 59 626 Alternative investments (a) 8 33 41 76 31 107 Real estate 5 (7) (2) 3 — 3 Other investments 33 7 40 28 (1) 27 Total investment income 3,749 377 4,126 3,283 455 3,738 Investment expenses 214 8 222 196 9 205 Net investment income $ 3,535 $ 369 $ 3,904 $ 3,087 $ 446 $ 3,533 (a)
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 March 31, (in millions) 2024 2023 Increase (decrease) in unrealized appreciation (depreciation) of investments: Fixed maturity securities $ (1,214) $ 5,005 Total increase (decrease) in unrealized appreciation (depreciation) of investments* $ (1,214) $ 5,005 * Excludes net unrealized gains and losses attributable to businesses held for sale at March 31, 2024. 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 March 31, 2024 2023 (in millions) Equities Other Total Equities Other Total Net gains recognized during the period on equity securities and other investments $ 99 $ 153 $ 252 $ 51 $ 110 $ 161 Less: Net gains recognized during the period on equity securities and other investments sold during the period 67 2 69 153 1 154 Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date $ 32 $ 151 $ 183 $ (102) $ 109 $ 7
Rollforward of the Changes in Allowance for Credit Losses on Available for Sale Fixed Maturity Securities	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 March 31, 2024 2023 (in millions) Structured Non- Total Structured Non- Total Balance, beginning of year $ 69 $ 93 $ 162 $ 46 $ 140 $ 186 Additions: Securities for which allowance for credit losses were not previously recorded 13 20 33 2 22 24 Reductions: Securities sold during the period (15) (8) (23) (1) (10) (11) 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 12 23 35 (4) (4) (8) Write-offs charged against the allowance (39) (44) (83) — (50) (50) Other 1 — 1 2 (7) (5) Balance, end of period $ 41 $ 84 $ 125 $ 45 $ 91 $ 136
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) March 31, 2024 December 31, 2023 Fixed maturity securities available for sale $ 3,651 $ 2,723 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 March 31, 2024 Bonds available for sale: Non-U.S. governments $ — $ 51 $ — $ — $ — $ 51 Corporate debt 14 3,586 — — — 3,600 Total $ 14 $ 3,637 $ — $ — $ — $ 3,651 December 31, 2023 Bonds available for sale: Non-U.S. governments $ — $ 277 $ — $ — $ — $ 277 Corporate debt 38 2,408 — — — 2,446 Total $ 38 $ 2,685 $ — $ — $ — $ 2,723 The following table presents information on the fair value of securities pledged to us under reverse repurchase agreements: (in millions) March 31, 2024 December 31, 2023 Securities collateral pledged to us $ 934 $ 1,200

Lending Activities (Tables)

Lending Activities (Tables)	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Composition of Mortgages and Other Loans Receivable	The following table presents the composition of Mortgage and other loans receivable, net: (in millions) March 31, 2024 December 31, 2023 Commercial mortgages (a) $ 38,478 $ 38,009 Residential mortgages 9,241 8,689 Life insurance policy loans 1,753 1,753 Commercial loans, other loans and notes receivable (b) 3,869 3,940 Total mortgage and other loans receivable (c) 53,341 52,391 Allowance for credit losses (c) (d) (866) (838) Mortgage and other loans receivable, net (c) $ 52,475 $ 51,553 (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 10 percent, respectively, at March 31, 2024 and 18 percent and 11 percent, respectively, at December 31, 2023). (b) There were no loans that were held for sale carried at lower of cost or market as of March 31, 2024 and December 31, 2023. (c) Excludes $37.6 billion at both March 31, 2024 and December 31, 2023 of loan receivable from AIG Financial Products Corp. (AIGFP), which has a full allowance for credit losses, recognized upon the deconsolidation of AIGFP. For additional information, see Note 1 to the Consolidated Financial Statements in the 2023 Annual Report. (d) Does not include allowance for credit losses of $55 million and $67 million, respectively, at March 31, 2024 and December 31, 2023, 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: March 31, 2024 2024 2023 2022 2021 2020 Prior Total (in millions) >1.2X $ 659 $ 2,388 $ 6,371 $ 2,577 $ 1,412 $ 17,872 $ 31,279 1.00 - 1.20X 90 420 1,148 1,528 368 2,773 6,327 <1.00X — — 50 — — 822 872 Total commercial mortgages $ 749 $ 2,808 $ 7,569 $ 4,105 $ 1,780 $ 21,467 $ 38,478 December 31, 2023 2023 2022 2021 2020 2019 Prior Total (in millions) >1.2X $ 2,555 $ 6,209 $ 2,349 $ 1,387 $ 4,969 $ 13,459 $ 30,928 1.00 - 1.20X 295 1,149 1,574 369 177 2,632 6,196 <1.00X — 50 — — — 835 885 Total commercial mortgages $ 2,850 $ 7,408 $ 3,923 $ 1,756 $ 5,146 $ 16,926 $ 38,009 The following table presents loan-to-value ratios (b) for commercial mortgages by year of vintage: March 31, 2024 2024 2023 2022 2021 2020 Prior Total (in millions) Less than 65% $ 749 $ 2,520 $ 4,716 $ 2,858 $ 1,329 $ 13,730 $ 25,902 65% to 75% — 288 2,225 798 286 5,204 8,801 76% to 80% — — — 99 — 836 935 Greater than 80% — — 628 350 165 1,697 2,840 Total commercial mortgages $ 749 $ 2,808 $ 7,569 $ 4,105 $ 1,780 $ 21,467 $ 38,478 December 31, 2023 2023 2022 2021 2020 2019 Prior Total (in millions) Less than 65% $ 2,446 $ 4,629 $ 2,741 $ 1,303 $ 2,832 $ 11,571 $ 25,522 65% to 75% 290 1,763 794 288 1,937 3,220 8,292 76% to 80% — 375 99 — 377 340 1,191 Greater than 80% 114 641 289 165 — 1,795 3,004 Total commercial mortgages $ 2,850 $ 7,408 $ 3,923 $ 1,756 $ 5,146 $ 16,926 $ 38,009 (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 periods ended March 31, 2024 and December 31, 2023. 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 60 percent at both periods ended March 31, 2024 and December 31, 2023. 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 March 31, 2024 Past Due Status: In good standing 610 $ 15,268 $ 9,573 $ 4,172 $ 6,572 $ 2,039 $ 523 $ 38,147 99 % 90 days or less delinquent (a) 2 — 61 200 — — — 261 1 >90 days delinquent or in process of foreclosure 2 — 29 41 — — — 70 — Total (b) 614 $ 15,268 $ 9,663 $ 4,413 $ 6,572 $ 2,039 $ 523 $ 38,478 100 % Allowance for credit losses $ 82 $ 441 $ 113 $ 98 $ 43 $ 7 $ 784 2 % Number Class Percent (dollars in millions) Apartments Offices Retail Industrial Hotel Others Total December 31, 2023 Past Due Status: In good standing 610 $ 15,129 $ 9,679 $ 4,263 $ 6,367 $ 2,053 $ 446 $ 37,937 100 % 90 days or less delinquent 1 — 29 — — — — 29 — >90 days delinquent or in process of foreclosure 1 — — 43 — — — 43 — Total (b) 612 $ 15,129 $ 9,708 $ 4,306 $ 6,367 $ 2,053 $ 446 $ 38,009 100 % Allowance for credit losses $ 94 $ 415 $ 109 $ 90 $ 38 $ 6 $ 752 2 % (a) Includes $61 million of Office loans and $20 million of Retail loans supporting the Fortitude Re funds withheld arrangements, 90 days or less delinquent, at March 31, 2024. (b) Does not reflect allowance for credit losses. The following table presents credit quality performance indicators for residential mortgages by year of vintage: March 31, 2024 2024 2023 2022 2021 2020 Prior Total (in millions) FICO*: 780 and greater $ 55 $ 699 $ 594 $ 2,295 $ 643 $ 845 $ 5,131 720 - 779 198 1,134 539 543 151 345 2,910 660 - 719 69 364 232 131 40 168 1,004 600 - 659 — 12 34 18 10 59 133 Less than 600 — 2 18 9 5 29 63 Total residential mortgages $ 322 $ 2,211 $ 1,417 $ 2,996 $ 849 $ 1,446 $ 9,241 December 31, 2023 2023 2022 2021 2020 2019 Prior Total (in millions) FICO*: 780 and greater $ 514 $ 589 $ 2,283 $ 622 $ 240 $ 608 $ 4,856 720 - 779 1,121 625 560 169 99 243 2,817 660 - 719 313 257 113 40 37 128 888 600 - 659 2 20 11 8 9 53 103 Less than 600 — 1 2 2 4 16 25 Total residential mortgages $ 1,950 $ 1,492 $ 2,969 $ 841 $ 389 $ 1,048 $ 8,689 *
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 March 31, 2024 (b) 2023 (in millions) Commercial Other Total Commercial Other Total Allowance, beginning of year $ 752 $ 86 $ 838 $ 640 $ 76 $ 716 Loans charged off — (6) (6) — — — Net charge-offs — (6) (6) — — — Addition to (release of) allowance for loan losses 32 2 34 66 4 70 Allowance, end of period $ 784 $ 82 $ 866 $ 706 $ 80 $ 786 (a) Does not include allowance for credit losses of $55 million and $62 million, respectively, at March 31, 2024 and 2023 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 March 31, 2024 and December 31, 2023, of loan receivable from AIGFP, which has a full allowance for credit losses, recognized upon the deconsolidation of AIGFP.

Reinsurance (Tables)

Reinsurance (Tables)	3 Months Ended
	Mar. 31, 2024
Insurance [Abstract]
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: March 31, 2024 December 31, 2023 (in millions) Carrying Fair Carrying Fair Corresponding Accounting Policy Fixed maturity securities - available for sale (a) $ 16,726 $ 16,726 $ 17,384 $ 17,384 Fair value through other comprehensive income (loss) Fixed maturity securities - fair value option 5,035 5,035 4,867 4,867 Fair value through net investment income Commercial mortgage loans 3,882 3,614 3,921 3,685 Amortized cost Real estate investments 175 302 184 329 Amortized cost Private equity funds / hedge funds 1,920 1,920 1,910 1,910 Fair value through net investment income Policy loans 325 325 330 330 Amortized cost Short-term investments 178 178 176 176 Fair value through net investment income Funds withheld investment assets 28,241 28,100 28,772 28,681 Derivative assets, net (b) 14 14 45 45 Fair value through net realized gains (losses) Other (c) 675 675 758 758 Amortized cost Total $ 28,930 $ 28,789 $ 29,575 $ 29,484 (a) The change in the net unrealized gains (losses) on available for sale securities related to the Fortitude Re funds withheld assets was $(163) million ($(128) million after-tax) and $704 million ($556 million after-tax), respectively for the three months ended March 31, 2024 and 2023. (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 $17 million and $27 million, respectively, as of March 31, 2024. The derivative assets and liabilities supporting the Fortitude Re funds withheld arrangements had a fair market value of $63 million and $34 million, respectively, as of December 31, 2023. 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 March 31, (in millions) 2024 2023 Net investment income - Fortitude Re funds withheld assets $ 369 $ 446 Net realized gains (losses) on Fortitude Re funds withheld assets: Net realized losses - Fortitude Re funds withheld assets (179) (31) Net realized gains (losses) - Fortitude Re funds withheld embedded derivative 13 (1,165) Net realized losses on Fortitude Re funds withheld assets (166) (1,196) Income (loss) from continuing operations before income tax expense (benefit) 203 (750) Income tax expense (benefit) (a) 43 (158) Net income (loss) 160 (592) Change in unrealized appreciation (depreciation) of all other investments (a) (128) 556 Comprehensive income (loss) $ 32 $ (36) (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.
Rollforward of the Reinsurance Recoverable Allowance	The following table presents a rollforward of the reinsurance recoverable allowance: Three Months Ended March 31, 2024 2023 (in millions) General Insurance Life and Retirement Total General Insurance Life and Retirement Total Balance, beginning of year $ 255 $ 30 $ 285 $ 260 $ 84 $ 344 Addition to (release of) allowance for expected credit losses and disputes, net 1 (10) (9) (3) (10) (13) Write-offs charged against the allowance for credit losses and disputes (1) (2) (3) (1) — (1) Other changes — — — (3) — (3) Balance, end of period $ 255 $ 18 $ 273 $ 253 $ 74 $ 327

Deferred Policy Acquisition C_2

Deferred Policy Acquisition Costs (Tables)	3 Months Ended
	Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Policy Acquisition Costs	The following table presents a rollforward of DAC: Three Months Ended March 31, 2024 General Individual Group Life Institutional (in millions) Total Balance, beginning of year $ 2,075 $ 4,735 $ 1,056 $ 4,149 $ 70 $ 12,085 Capitalization 882 170 22 134 13 1,221 Amortization expense (828) (148) (21) (104) (3) (1,104) Other, including foreign exchange (56) — — (7) — (63) Reclassified to held for sale* (1) — — (27) — (28) Balance, end of period $ 2,072 $ 4,757 $ 1,057 $ 4,145 $ 80 $ 12,111 Three Months Ended March 31, 2023 Balance, beginning of year $ 2,310 $ 4,597 $ 1,060 $ 4,839 $ 51 $ 12,857 Capitalization 1,358 187 20 120 4 1,689 Amortization expense (1,034) (137) (21) (99) (2) (1,293) Other, including foreign exchange 40 — — 11 — 51 Balance, end of period $ 2,674 $ 4,647 $ 1,059 $ 4,871 $ 53 $ 13,304 * Represents changes in DAC included in Assets held for sale. For additional information, see Note 4. The following table presents a rollforward of DSI: Three Months Ended March 31, 2024 2023 (in millions) Individual Group Total Individual Group Total Balance, beginning of year $ 333 $ 164 $ 497 $ 381 $ 177 $ 558 Capitalization 1 — 1 2 — 2 Amortization expense (13) (3) (16) (14) (3) (17) Balance, end of period* $ 321 $ 161 $ 482 $ 369 $ 174 $ 543 * At March 31, 2024 and 2023, Other assets, excluding DSI, totaled $11.8 billion and $12.4 billion, respectively.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2024
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 Total March 31, 2024 Assets: Bonds available for sale $ 39 $ 154 $ 193 Other bond securities 46 — 46 Equity securities 19 — 19 Mortgage and other loans receivable — 1,993 1,993 Other invested assets Alternative investments (a) 2,536 — 2,536 Investment real estate 1,413 — 1,413 Short-term investments 157 4 161 Cash 54 — 54 Accrued investment income 2 6 8 Other assets 80 9 89 Total (b) $ 4,346 $ 2,166 $ 6,512 Liabilities: Debt of consolidated investment entities $ 1,019 $ 1,114 $ 2,133 Other (c) 70 33 103 Total $ 1,089 $ 1,147 $ 2,236 December 31, 2023 Assets: Bonds available for sale $ 36 $ 148 $ 184 Other bond securities 45 — 45 Equity securities 8 — 8 Mortgage and other loans receivable — 2,063 2,063 Other invested assets Alternative investments (a) 2,695 — 2,695 Investment real estate 1,488 — 1,488 Short-term investments 125 10 135 Cash 61 — 61 Accrued investment income 2 7 9 Other assets 94 2 96 Total (b) $ 4,554 $ 2,230 $ 6,784 Liabilities: Debt of consolidated investment entities $ 1,094 $ 1,106 $ 2,200 Other (c) 82 1 83 Total $ 1,176 $ 1,107 $ 2,283 (a) Comprised primarily of investments in real estate joint ventures at March 31, 2024 and December 31, 2023. (b) The assets of each VIE can be used only to settle specific obligations of that VIE. (c) Comprised primarily of Other liabilities at March 31, 2024 and December 31, 2023. (d) At March 31, 2024 and December 31, 2023, off-balance sheet exposure primarily consisting of our insurance companies’ commitments to real estate and investment entities were $1.8 billion and $1.9 billion, respectively, of which commitments to external parties were $0.5 billion and $0.4 billion, respectively. 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 March 31, 2024 Real estate and investment entities (a) $ 546,012 $ 9,226 $ 3,566 (d) $ 12,792 Other (b) 1,027 58 748 (e) 806 Total $ 547,039 $ 9,284 $ 4,314 $ 13,598 December 31, 2023 Real estate and investment entities (a) $ 528,053 $ 9,125 $ 3,720 (d) $ 12,845 Other (b) 1,027 58 748 (e) 806 Total $ 529,080 $ 9,183 $ 4,468 $ 13,651 (a) Comprised primarily of hedge funds and private equity funds. (b) At March 31, 2024 and December 31, 2023, excludes approximately $1,948 million and $1,971 million, respectively, of VIE assets related to AIGFP and its consolidated subsidiaries, with maximum off-balance sheet exposure to loss of $1,918 million and $1,941 million, respectively. For additional information, see Note 1 to the Consolidated Financial Statements in the 2023 Annual Report. (c) At March 31, 2024 and December 31, 2023, $9.2 billion and $9.1 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)

Derivatives and Hedge Account_2

Derivatives and Hedge Accounting (Tables)	3 Months Ended
	Mar. 31, 2024
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: March 31, 2024 December 31, 2023 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 $ 577 $ 208 $ 2,638 $ 50 $ 1,863 $ 230 $ 752 $ 17 Foreign exchange contracts 5,627 385 1,932 204 3,847 416 6,402 336 Derivatives not designated as hedging instruments: (a) Interest rate contracts 52,800 3,276 36,050 3,329 42,549 3,056 42,466 3,614 Foreign exchange contracts 14,993 851 6,430 423 8,803 820 9,900 558 Equity contracts 80,551 2,878 10,368 1,229 81,110 2,019 9,595 745 Credit contracts (b) 3,808 111 508 36 2,109 41 509 37 Other contracts (c) 43,182 13 47 1 44,640 13 48 2 Total derivatives, gross $ 201,538 $ 7,722 $ 57,973 $ 5,272 $ 184,921 $ 6,595 $ 69,672 $ 5,309 Counterparty netting (d) (4,545) (4,545) (3,864) (3,864) Cash collateral (e) (2,601) (326) (2,220) (1,050) Total derivatives on Condensed Consolidated Balance Sheets (f) $ 576 $ 401 $ 511 $ 395 (a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral. (b) As of March 31, 2024 and December 31, 2023, included CDSs on super senior multi-sector CLO with a net notional amount of $49 million and $50 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 derivative s. Derivative instrument assets and liabilities are recorded in Other assets and Other liabilities, respectively. Fair value of assets related to bifurcated embedded derivatives was $1.4 billion at March 31, 2024 and $1.2 billion at December 31, 2023. Fair value of liabilities related to bifurcated embedded derivatives was $8.7 billion and $8.0 billion, respectively, at March 31, 2024 and December 31, 2023. 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, index universal life products, and bonds available for sale, 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 March 31, 2024 Interest rate contracts: Interest credited to policyholder account balances $ (62) $ — $ 64 $ 2 Foreign exchange contracts: Net realized gains/(losses) 88 (18) (88) (18) Three Months Ended March 31, 2023 Interest rate contracts: Interest credited to policyholder account balances $ 43 $ — $ (47) $ (4) Foreign exchange contracts: Net realized gains/(losses) (130) 76 130 76 (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): Three Months Ended March 31, Gains (Losses) Recognized in Income (in millions) 2024 2023 By Derivative Type: Interest rate contracts $ (289) $ 95 Foreign exchange contracts 71 (101) Equity contracts 189 (78) Commodity contracts — 7 Credit contracts 23 (1) Other contracts 16 16 Embedded derivatives (549) (1,548) Total $ (539) $ (1,610) By Classification: Policy fees $ 15 $ 16 Net investment income - excluding Fortitude Re funds withheld assets — — Net investment income - Fortitude Re funds withheld assets 6 (2) Net realized gains (losses) - excluding Fortitude Re funds withheld assets (a) 220 (391) Net realized losses on Fortitude Re funds withheld assets (b) (77) (1,127) Policyholder benefits and claims incurred (3) 3 Change in the fair value of market risk benefits, net (c) (700) (109) Total $ (539) $ (1,610) (a) Includes $5 million gain related to the sale of AIG Life reported in Net (gain) loss on divestitures. For additional information, see Notes 1 and 4 . (b) 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. (c)

Insurance Liabilities (Tables)

Insurance Liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
Insurance [Abstract]
Rollforward of Activity in Loss Reserves	The following table presents the rollforward of activity in loss reserves: Three Months Ended March 31, (in millions) 2024 2023 Liability for unpaid loss and loss adjustment expenses, beginning of year $ 70,393 $ 75,167 Reinsurance recoverable (30,289) (32,102) Net Liability for unpaid loss and loss adjustment expenses, beginning of year 40,104 43,065 Losses and loss adjustment expenses incurred: Current year 3,365 3,784 Prior years, excluding discount and amortization of deferred gain — (27) Prior years, discount charge (benefit) 106 94 Prior years, amortization of deferred gain on retroactive reinsurance (a) (32) (60) Total losses and loss adjustment expenses incurred 3,439 3,791 Losses and loss adjustment expenses paid: Current year (286) (289) Prior years (2,857) (3,549) Total losses and loss adjustment expenses paid (3,143) (3,838) Other changes: Foreign exchange effect (496) 397 Retroactive reinsurance adjustment (net of discount) (b) (8) 12 Reclassified to held for sale, net of reinsurance recoverables (c) (5) — Total other changes (509) 409 Liability for unpaid loss and loss adjustment expenses, end of period: Net liability for unpaid losses and loss adjustment expenses 39,891 43,427 Reinsurance recoverable 30,169 32,366 Total $ 70,060 $ 75,793 (a) Includes $5 million and $7 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 March 31, 2024 and 2023, respectively. (b) Includes benefit (charge) from change in discount on retroactive reinsurance in the amount of $55 million and $70 million for the three months ended March 31, 2024 and 2023, respectively. (c) Represents change in loss reserves included in Liabilities held for sale. For additional information, see Note 4
Schedule of Components of Loss Reserve Discount	The following table presents the components of the loss reserve discount discussed above: (in millions) March 31, 2024 December 31, 2023 U.S. workers' compensation $ 2,261 $ 2,337 Retroactive reinsurance (1,049) (1,104) Total reserve discount (a)(b) $ 1,212 $ 1,233 (a) Excludes $194 million and $196 million of discount related to certain long-tail liabilities in the UK at March 31, 2024 and December 31, 2023, respectively. (b)
Schedule of Loss Reserve Discount	The following table presents the net loss reserve discount benefit (charge): Three Months Ended March 31, (in millions) 2024 2023 Current accident year $ 30 $ 30 Accretion and other adjustments to prior year discount (106) (94) Net reserve discount benefit (charge) (76) (64) Change in discount on loss reserves ceded under retroactive reinsurance 55 70 Net change in total reserve discount* $ (21) $ 6 *
Schedule of Activity for Future Policy Benefits Liability	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: Three Months Ended March 31, 2024 General Individual Group Life Institutional Other (f) Total (in millions, except for liability durations) Present value of expected net premiums Balance, beginning of year $ 1,702 $ — $ — $ 8,379 $ — $ 973 $ 11,054 Effect of changes in discount rate assumptions (AOCI) 339 — — 1,482 — 44 1,865 Reclassified to Liabilities held for sale — — — 4,287 — — 4,287 Beginning balance at original discount rate 2,041 — — 14,148 — 1,017 17,206 Effect of actual variances from expected experience (2) — — (13) — — (15) Adjusted beginning of year balance 2,039 — — 14,135 — 1,017 17,191 Issuances 31 — — 353 — — 384 Interest accrual 11 — — 117 — 11 139 Net premium collected (138) — — (381) — (29) (548) Foreign exchange impact (91) — — (46) — — (137) Other — — — (4) — — (4) Ending balance at original discount rate 1,852 — — 14,174 — 999 17,025 Effect of changes in discount rate assumptions (AOCI) (283) — — (1,621) — (57) (1,961) Reclassified to Liabilities held for sale — — — (4,247) — — (4,247) Balance, end of period $ 1,569 $ — $ — $ 8,306 $ — $ 942 $ 10,817 Present value of expected future policy benefits Balance, beginning of year $ 2,149 $ 1,353 $ 217 $ 17,531 $ 18,482 $ 20,654 $ 60,386 Effect of changes in discount rate assumptions (AOCI) 441 132 (3) 2,745 1,906 437 5,658 Reclassified to Liabilities held for sale — — — 5,119 — — 5,119 Beginning balance at original discount rate 2,590 1,485 214 25,395 20,388 21,091 71,163 Effect of actual variances from expected experience (a) (2) (6) (1) (7) — (9) (25) Adjusted beginning of year balance 2,588 1,479 213 25,388 20,388 21,082 71,138 Issuances 32 34 5 350 1,726 2 2,149 Interest accrual 13 16 3 236 217 252 737 Benefit payments (141) (33) (7) (458) (283) (370) (1,292) Foreign exchange impact (119) — — (61) (82) — (262) Other — — — (3) — (3) (6) Ending balance at original discount rate 2,373 1,496 214 25,452 21,966 20,963 72,464 Effect of changes in discount rate assumptions (AOCI) (374) (153) — (3,149) (2,347) (959) (6,982) Reclassified to Liabilities held for sale — — — (5,078) — — (5,078) Balance, end of period $ 1,999 $ 1,343 $ 214 $ 17,225 $ 19,619 $ 20,004 $ 60,404 Net liability for future policy benefits, end of period $ 430 $ 1,343 $ 214 $ 8,919 $ 19,619 $ 19,062 $ 49,587 Liability for future policy benefits for certain participating contracts 1,302 Liability for universal life policies with secondary guarantees and similar features (b) 3,972 Deferred profit liability 2,553 Other reconciling items (c) 1,571 Future policy benefits for life and accident and health insurance contracts 58,985 Less: Reinsurance recoverable (22,898) Net liability for future policy benefits after reinsurance recoverable $ 36,087 Weighted average liability duration of the liability for future policy benefits (d)(e) 9.1 7.7 6.7 12.6 12.2 11.2 Three Months Ended March 31, 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 actual variances from expected experience (10) 1 — 12 — 3 6 Adjusted beginning of year balance 2,181 1 — 13,538 — 1,060 16,780 Issuances 36 6 — 322 — — 364 Interest accrual 11 — — 106 — 12 129 Net premium collected (57) (7) — (352) — (30) (446) Foreign exchange impact (8) — — 96 — — 88 Other — — — 3 — — 3 Ending balance at original discount rate 2,163 — — 13,713 — 1,042 16,918 Effect of changes in discount rate assumptions (AOCI) (353) — — (1,648) — (48) (2,049) Balance, end of period $ 1,810 $ — $ — $ 12,065 $ — $ 994 $ 14,869 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 actual variances from expected experience (a) (2) (3) (1) 26 (5) — 15 Adjusted beginning of year balance 2,740 1,387 212 24,629 15,093 21,512 65,573 Issuances 36 70 2 318 1,450 3 1,879 Interest accrual 13 12 3 224 139 257 648 Benefit payments (60) (32) (7) (476) (228) (379) (1,182) Foreign exchange impact (10) — — 277 125 — 392 Other — — — 1 — (3) (2) Ending balance at original discount rate 2,719 1,437 210 24,973 16,579 21,390 67,308 Effect of changes in discount rate assumptions (AOCI) (457) (141) 3 (3,081) (2,302) (492) (6,470) Balance, end of period $ 2,262 $ 1,296 $ 213 $ 21,892 $ 14,277 $ 20,898 $ 60,838 Net liability for future policy benefits, end of period $ 452 $ 1,296 $ 213 $ 9,827 $ 14,277 $ 19,904 $ 45,969 Liability for future policy benefits for certain participating contracts 1,340 Liability for universal life policies with secondary guarantees and similar features (b) 3,512 Deferred profit liability 2,396 Other reconciling items (c) 1,629 Future policy benefits for life and accident and health insurance contracts 54,846 Less: Reinsurance recoverable (24,266) Net liability for future policy benefits after reinsurance recoverable $ 30,580 Weighted average liability duration of the liability for future policy benefits (d) 10.0 7.7 7.1 12.4 11.5 11.6 (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 cash flows 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. 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: Three Months Ended March 31, (in millions) 2024 2023 General Insurance (a) Undiscounted expected future benefits and expense $ 2,911 $ 3,350 Undiscounted expected future gross premiums 4,002 4,616 Individual Retirement Undiscounted expected future benefits and expense $ 2,156 $ 2,048 Undiscounted expected future gross premiums — — Group Retirement Undiscounted expected future benefits and expense $ 309 $ 317 Undiscounted expected future gross premiums — — Life Insurance (b) Undiscounted expected future benefits and expense $ 40,741 $ 39,028 Undiscounted expected future gross premiums 30,656 28,964 Institutional Markets Undiscounted expected future benefits and expense $ 42,519 $ 29,029 Undiscounted expected future gross premiums — — Other (c) Undiscounted expected future benefits and expense $ 42,701 $ 44,148 Undiscounted expected future gross premiums 2,106 2,225 (a) General Insurance discounted expected future gross premiums (at current discount rate) for the three months ended March 31, 2024 were $2.9 billion. (b) Includes balances reclassified to Liabilities held for sale at March 31, 2024. Life Insurance discounted expected future gross premiums (at current discount rate) for the three months ended March 31, 2024 were $20.0 billion. (c) Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. Other discounted expected future gross premiums (at current discount rate) for the three months ended March 31, 2024 were $1.4 billion. 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: Three Months Ended March 31, Gross Premiums Interest Accretion (in millions) 2024 2023 2024 2023 General Insurance $ 110 $ 95 $ 2 $ 1 Individual Retirement 39 75 16 12 Group Retirement 5 6 3 3 Life Insurance 618 575 119 118 Institutional Markets 1,805 1,581 217 139 Other* 52 54 241 245 Total $ 2,629 $ 2,386 $ 598 $ 518 * 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: Three Months Ended March 31, 2024 General Individual Group Life Insurance (a) Institutional Other (b) Weighted-average interest rate, original discount rate 1.84 % 3.79 % 5.13 % 4.12 % 4.25 % 4.86 % Weighted-average interest rate, current discount rate 3.70 % 5.27 % 5.24 % 5.28 % 5.19 % 5.32 % Three Months Ended March 31, 2023 Weighted-average interest rate, original discount rate 1.78 % 3.65 % 5.19 % 4.11 % 3.76 % 4.88 % Weighted-average interest rate, current discount rate 3.64 % 5.33 % 4.91 % 5.08 % 5.04 % 5.10 % (a) Weighted-average interest rates for Life Insurance include balances that have been reclassified to Liabilities held-for-sale at March 31, 2024. (b) 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: Three Months Ended March 31, 2024 2023 (in millions, except duration of liability) Life Other (b) Total Life Other (b) Total Balance, beginning of year $ 3,731 $ 55 $ 3,786 $ 3,300 $ 55 $ 3,355 Effect of changes in experience 109 (1) 108 74 (1) 73 Adjusted beginning balance 3,840 54 3,894 3,374 54 3,428 Assessments 145 — 145 179 — 179 Excess benefits paid (232) — (232) (238) — (238) Interest accrual 38 1 39 28 1 29 Other — — — (5) — (5) Changes related to unrealized appreciation (depreciation) of investments 126 — 126 119 — 119 Balance, end of period 3,917 55 3,972 3,457 55 3,512 Less: Reinsurance recoverable (172) (55) (227) (192) — (192) Balance, end of period, net of Reinsurance recoverable $ 3,745 $ — $ 3,745 $ 3,265 $ 55 $ 3,320 Weighted average duration of liability (a) 25.3 9.1 26.4 9.4 (a) The weighted average duration of liabilities is calculated as the modified duration using projected future net liability cash flows 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: Three Months Ended March 31, Gross Assessments Interest Accretion (in millions) 2024 2023 2024 2023 Life Insurance $ 248 $ 299 $ 38 $ 28 Other* 10 10 1 1 Total $ 258 $ 309 $ 39 $ 29 * 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: Three Months Ended March 31, 2024 2023 Life Insurance Other* Life Insurance Other* Weighted-average interest rate 3.92 % 4.20 % 3.76 % 4.24 % * Represents Life and Retirement legacy insurance lines ceded to Fortitude Re. The following table presents a rollforward of URR: Life Institutional Other* Total (in millions) Three Months Ended March 31, 2024 Balance, beginning of year $ 1,770 $ 1 $ 94 $ 1,865 Revenue deferred 40 — — 40 Amortization (28) — (2) (30) Balance, end of period $ 1,782 $ 1 $ 92 $ 1,875 Three Months Ended March 31, 2023 Balance, beginning of year $ 1,727 $ 2 $ 105 $ 1,834 Revenue deferred 38 — — 38 Amortization (27) (1) (2) (30) Balance, end of period $ 1,738 $ 1 $ 103 $ 1,842 *
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: Three Months Ended March 31, (dollars in millions) 2024 2023 Account value $ 3,773 $ 3,556 Net amount at risk $ 73,092 $ 70,014 Average attained age of contract holders 53 53
Policyholder Account Balance	The following table presents the balances and changes in Policyholder contract deposits account balances (a) : Three Months Ended March 31, 2024 Individual Group Life Institutional Other (d) Total (in millions, except for average crediting rate) Policyholder contract deposits account balance, beginning of year $ 94,896 $ 41,299 $ 10,231 $ 13,649 $ 3,333 $ 163,408 Deposits 4,878 1,349 407 798 11 7,443 Policy charges (186) (122) (377) (17) (15) (717) Surrenders and withdrawals (4,600) (2,466) (73) (31) (21) (7,191) Benefit payments (761) (494) (79) (181) (79) (1,594) Net transfers from (to) separate account 1,248 1,024 5 (27) — 2,250 Interest credited 816 303 121 157 40 1,437 Other (3) 2 6 (11) 3 (3) Policyholder contract deposits account balance, end of period 96,288 40,895 10,241 14,337 3,272 165,033 Other reconciling items (b) (1,225) (192) 134 33 (85) (1,335) Policyholder contract deposits $ 95,063 $ 40,703 $ 10,375 $ 14,370 $ 3,187 $ 163,698 Weighted average crediting rate 2.86 % 3.05 % 4.39 % 4.59 % 4.98 % Cash surrender value (c) $ 89,795 $ 39,746 $ 9,042 $ 2,585 $ 1,696 $ 142,864 Three Months Ended March 31, 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 4,864 1,326 414 595 11 7,210 Policy charges (244) (110) (384) (17) (16) (771) Surrenders and withdrawals (3,171) (2,016) (56) (403) (20) (5,666) Benefit payments (1,036) (557) (49) (167) (88) (1,897) Net transfers from (to) separate account 728 592 (1) 443 — 1,762 Interest credited 377 270 88 105 43 883 Other (2) 3 (16) 4 (1) (12) Policyholder contract deposits account balance, end of period 91,070 42,903 10,220 12,294 3,516 160,003 Other reconciling items (b) (1,889) (279) 116 74 (129) (2,107) Policyholder contract deposits $ 89,181 $ 42,624 $ 10,336 $ 12,368 $ 3,387 $ 157,896 Weighted average crediting rate 2.52 % 2.78 % 4.24 % 3.55 % 4.95 % Cash surrender value (c) $ 84,906 $ 41,361 $ 8,874 $ 2,545 $ 1,781 $ 139,467 (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 $(85) million and $(129) million at March 31, 2024 and 2023, 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, see 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: March 31, 2024 At 1 Basis Point - More than 50 Total (in millions, except percentage of total) Individual Retirement Range of Guaranteed Minimum Credited Rate <=1% $ 6,251 $ 1,917 $ 28,202 $ 36,370 > 1% - 2% 3,556 21 1,490 5,067 > 2% - 3% 7,653 11 1,407 9,071 > 3% - 4% 6,342 36 5 6,383 > 4% - 5% 424 — 4 428 > 5% 32 — 3 35 Total $ 24,258 $ 1,985 $ 31,111 $ 57,354 Group Retirement Range of Guaranteed Minimum Credited Rate <=1% $ 2,133 $ 1,895 $ 7,672 $ 11,700 > 1% - 2% 3,597 1,126 670 5,393 > 2% - 3% 11,686 215 110 12,011 > 3% - 4% 603 — — 603 > 4% - 5% 6,579 — — 6,579 > 5% 141 — — 141 Total $ 24,739 $ 3,236 $ 8,452 $ 36,427 Life Insurance Range of Guaranteed Minimum Credited Rate <=1% $ — $ — $ — $ — > 1% - 2% — 110 365 475 > 2% - 3% 9 1,072 856 1,937 > 3% - 4% 1,190 482 7 1,679 > 4% - 5% 2,820 — — 2,820 > 5% 214 — — 214 Total $ 4,233 $ 1,664 $ 1,228 $ 7,125 Total* $ 53,230 $ 6,885 $ 40,791 $ 100,906 Percentage of total 53 % 7 % 40 % 100 % March 31, 2023 At 1 Basis Point - More than 50 Total (in millions, except percentage of total) Individual Retirement Range of Guaranteed Minimum Credited Rate <=1% $ 7,776 $ 2,562 $ 23,263 $ 33,601 > 1% - 2% 3,994 24 2,163 6,181 > 2% - 3% 9,155 1 390 9,546 > 3% - 4% 7,359 40 6 7,405 > 4% - 5% 452 — 4 456 > 5% 32 — 4 36 Total $ 28,768 $ 2,627 $ 25,830 $ 57,225 Group Retirement Range of Guaranteed Minimum Credited Rate <=1% $ 2,063 $ 2,713 $ 6,049 $ 10,825 > 1% - 2% 5,005 908 353 6,266 > 2% - 3% 13,561 40 — 13,601 > 3% - 4% 658 — — 658 > 4% - 5% 6,821 — — 6,821 > 5% 153 — — 153 Total $ 28,261 $ 3,661 $ 6,402 $ 38,324 Life Insurance Range of Guaranteed Minimum Credited Rate <=1% $ — $ — $ — $ — > 1% - 2% — 131 349 480 > 2% - 3% 28 862 1,079 1,969 > 3% - 4% 1,417 118 198 1,733 > 4% - 5% 2,946 — — 2,946 > 5% 222 — — 222 Total $ 4,613 $ 1,111 $ 1,626 $ 7,350 Total* $ 61,642 $ 7,399 $ 33,858 $ 102,899 Percentage of total 60 % 7 % 33 % 100 % * Excludes policyholder contract deposits account balances that are not subject to guaranteed minimum crediting rates.

Market Risk Benefits (Tables)

Market Risk Benefits (Tables)	3 Months Ended
	Mar. 31, 2024
Insurance [Abstract]
Schedule of Market Risk Benefit Activity	The following table presents the balances of and changes in MRBs: Three Months Ended March 31, 2024 2023 Individual Group Total Individual Group Total (in millions, except for attained age of contract holders) Balance, beginning of year $ 4,562 $ 308 $ 4,870 $ 3,738 $ 296 $ 4,034 Effect of changes in our own credit risk (1,072) (88) (1,160) (441) (24) (465) Balance, beginning of year, before effect of changes in our own credit risk $ 3,490 $ 220 $ 3,710 3,297 272 3,569 Issuances 123 10 133 191 9 200 Interest accrual 45 3 48 38 4 42 Attributed fees 174 15 189 235 17 252 Expected claims (18) — (18) (25) (1) (26) Effect of changes in interest rates (474) (38) (512) 478 46 524 Effect of changes in interest rate volatility (14) — (14) (73) (4) (77) Effect of changes in equity markets (529) (50) (579) (391) (36) (427) Effect of changes in equity index volatility (15) — (15) 16 (3) 13 Actual outcome different from model expected outcome (63) 3 (60) 72 1 73 Effect of changes in other future expected assumptions (5) (1) (6) (94) (18) (112) Other, including foreign exchange — (2) (2) 1 — 1 Balance, end of period, before effect of changes in our own credit risk 2,714 160 2,874 3,745 287 4,032 Effect of changes in our own credit risk 1,100 89 1,189 339 32 371 Balance, end of period 3,814 249 4,063 4,084 319 4,403 Less: Reinsured MRB, end of period (68) — (68) (89) — (89) Net Liability Balance after reinsurance recoverable $ 3,746 $ 249 $ 3,995 $ 3,995 $ 319 $ 4,314 Net amount at risk GMDB only $ 623 $ 136 $ 759 $ 1,307 $ 266 $ 1,573 GMWB only $ 128 $ 12 $ 140 $ 63 $ 5 $ 68 Combined* $ 576 $ 13 $ 589 $ 1,726 $ 31 $ 1,757 Weighted average attained age of contract holders 71 64 71 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: March 31, 2024 March 31, 2023 (in millions) Asset* Liability* Net Asset* Liability* Net Individual Retirement $ 968 $ 4,714 $ 3,746 $ 685 $ 4,680 $ 3,995 Group Retirement 204 453 249 145 464 319 Total $ 1,172 $ 5,167 $ 3,995 $ 830 $ 5,144 $ 4,314 *

Separate Account Assets and L_2

Separate Account Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
Insurance [Abstract]
Schedule of Fair Value of Separate Account Investment Options	The following table presents fair value of separate account investment options: March 31, 2024 December 31, 2023 (in millions) Individual Group Life Institutional Total Individual Group Life Institutional Total Equity funds $ 26,945 $ 30,285 $ 900 $ 635 $ 58,765 $ 25,451 $ 28,675 $ 819 $ 593 $ 55,538 Bond funds 4,121 3,315 45 1,281 8,762 4,037 3,292 44 1,303 8,676 Balanced funds 18,179 5,663 55 2,062 25,959 17,711 5,479 53 1,923 25,166 Money market funds 693 802 16 176 1,687 694 742 16 173 1,625 Total $ 49,938 $ 40,065 $ 1,016 $ 4,154 $ 95,173 $ 47,893 $ 38,188 $ 932 $ 3,992 $ 91,005
Schedule of Separate Account Liabilities Activity	The following table presents the balances and changes in Separate account liabilities: Three Months Ended March 31, 2024 Individual Group Life Institutional Total (in millions) Balance, beginning of year $ 47,893 $ 38,188 $ 932 $ 3,992 $ 91,005 Premiums and deposits 294 340 9 69 712 Policy charges (288) (115) (12) (24) (439) Surrenders and withdrawals (1,193) (1,052) (9) (31) (2,285) Benefit payments (239) (154) (2) (5) (400) Investment performance 3,451 2,934 98 139 6,622 Net transfers from (to) general account and other 20 (76) — 14 (42) Balance, end of period $ 49,938 $ 40,065 $ 1,016 $ 4,154 $ 95,173 Cash surrender value* $ 48,975 $ 39,865 $ 995 $ 4,150 $ 93,985 Three Months Ended March 31, 2023 Balance, beginning of year $ 45,178 $ 34,361 $ 799 $ 4,515 $ 84,853 Premiums and deposits 451 360 9 26 846 Policy charges (344) (110) (12) (24) (490) Surrenders and withdrawals (844) (669) (6) (404) (1,923) Benefit payments (215) (130) (1) (54) (400) Investment performance 2,131 2,186 53 99 4,469 Net transfers from (to) general account and other 73 (78) (1) 8 2 Balance, end of period $ 46,430 $ 35,920 $ 841 $ 4,166 $ 87,357 Cash surrender value* $ 45,388 $ 35,726 $ 794 $ 4,168 $ 86,076 *

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2024
Stockholders' Equity Note [Abstract]
Rollforward of Common Stock Outstanding	The following table presents a rollforward of outstanding shares: Three Months Ended March 31, 2024 Common Treasury Common Stock (in millions) Shares, beginning of year 1,906.7 (1,217.9) 688.8 Shares issued — 5.6 5.6 Shares repurchased — (23.4) (23.4) Shares, end of period 1,906.7 (1,235.7) 671.0
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 Total Balance, December 31, 2023, net of tax $ (106) $ (10,888) $ (476) $ 1,233 $ (2,979) $ (821) $ (14,037) Change in unrealized appreciation (depreciation) of investments* 72 (1,274) — — — — (1,202) Change in other — 5 — — — — 5 Change in fair value of market risk benefits, net — — (29) — — — (29) Change in discount rates — — — 697 — — 697 Change in future policy benefits — (126) — — — — (126) Change in foreign currency translation adjustments — — — — (339) — (339) Change in net actuarial loss — — — — — 7 7 Change in prior service cost — — — — — 2 2 Change in deferred tax asset (liability) (15) 105 6 (152) (14) (2) (72) Total other comprehensive income (loss) 57 (1,290) (23) 545 (353) 7 (1,057) Corebridge noncontrolling interests — (83) (5) 15 — — (73) Noncontrolling interests 17 (559) (11) 258 (3) — (298) Balance, March 31, 2024, net of tax $ (66) $ (11,702) $ (493) $ 1,535 $ (3,329) $ (814) $ (14,869) Balance, December 31, 2022, net of tax $ (136) $ (20,675) $ (284) $ 2,459 $ (3,056) $ (924) $ (22,616) Change in unrealized appreciation (depreciation) of investments 9 4,996 — — — — 5,005 Change in other — 106 — — — — 106 Change in fair value of market risk benefits, net — — 95 — — — 95 Change in discount rates — — — (527) — — (527) Change in future policy benefits — (100) — — — — (100) Change in foreign currency translation adjustments — — — — (19) — (19) Change in net actuarial loss — — — — — 27 27 Change in deferred tax asset (liability) (3) (750) (20) 107 (9) 1 (674) Total other comprehensive income (loss) 6 4,252 75 (420) (28) 28 3,913 Noncontrolling interests 4 706 17 (111) 10 — 626 Balance, March 31, 2023, net of tax $ (134) $ (17,129) $ (226) $ 2,150 $ (3,094) $ (896) $ (19,329) * Includes net unrealized gains and losses attributable to businesses held for sale at March 31, 2024.
Schedule of Other Comprehensive Income (Loss) Reclassification Adjustments	The following table presents the other comprehensive income (loss) reclassification adjustments for the three months ended March 31, 2024 and 2023 , respectively: (in millions) Unrealized Unrealized Change in Fair Change in the Foreign Retirement Total Three Months Ended March 31, 2024 Unrealized change arising during period $ 66 $ (1,832) $ (29) $ 697 $ (339) $ 2 $ (1,435) Less: Reclassification adjustments included in net income (6) (437) — — — (7) (450) Total other comprehensive income (loss), before of income tax expense (benefit) 72 (1,395) (29) 697 (339) 9 (985) Less: Income tax expense (benefit) 15 (105) (6) 152 14 2 72 Total other comprehensive income (loss), net of income tax expense (benefit) $ 57 $ (1,290) $ (23) $ 545 $ (353) $ 7 $ (1,057) Three Months Ended March 31, 2023 Unrealized change arising during period $ (7) $ 4,566 $ 95 $ (527) $ (19) $ 18 $ 4,126 Less: Reclassification adjustments included in net income (16) (436) — — — (9) (461) Total other comprehensive income (loss), before income tax expense (benefit) 9 5,002 95 (527) (19) 27 4,587 Less: Income tax expense (benefit) 3 750 20 (107) 9 (1) 674 Total other comprehensive income (loss), net of income tax expense (benefit) $ 6 $ 4,252 $ 75 $ (420) $ (28) $ 28 $ 3,913
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 March 31, Condensed Consolidated (in millions) 2024 2023 Statements of Income (Loss) Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken Investments $ (6) $ (16) Net realized gains (losses) Total (6) (16) Unrealized appreciation (depreciation) of all other investments Investments (437) (436) Net realized gains (losses) Total (437) (436) Change in retirement plan liabilities adjustment Prior-service credit — (1) (b) Actuarial losses (7) (8) (b) Total (7) (9) Total reclassifications for the period $ (450) $ (461) (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)

Earnings Per Common Share (EP_2

Earnings Per Common Share (EPS) (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Computation of Basic and Diluted EPS	The following table presents the computation of basic and diluted EPS: Three Months Ended March 31, (dollars in millions, except per common share data) 2024 2023 Numerator for EPS: Income (loss) from continuing operations $ 1,600 $ (87) Less: Net income (loss) from continuing operations attributable to noncontrolling interests 384 (117) Less: Preferred stock dividends and preferred stock redemption premiums 22 7 Income (loss) attributable to AIG common shareholders from continuing operations 1,194 23 Income (loss) from discontinued operations, net of income tax expense — — Net income (loss) attributable to AIG common shareholders $ 1,194 $ 23 Denominator for EPS: Weighted average common shares outstanding - basic 682,576,848 738,661,428 Dilutive common shares 5,384,670 5,437,758 Weighted average common shares outstanding - diluted (a) 687,961,518 744,099,186 Income (loss) per common share attributable to AIG common shareholders: Basic: Income (loss) from continuing operations $ 1.75 $ 0.03 Income from discontinued operations $ — $ — Income (loss) attributable to AIG common shareholders $ 1.75 $ 0.03 Diluted: Income (loss) from continuing operations $ 1.74 $ 0.03 Income from discontinued operations $ — $ — Income (loss) attributable to AIG common shareholders $ 1.74 $ 0.03 (a)

Basis of Presentation (Details)

Basis of Presentation (Details) £ in Millions, $ in Millions			1 Months Ended	3 Months Ended
	Apr. 08, 2024 GBP (£)	Apr. 08, 2024 USD ($)	Nov. 30, 2021	Mar. 31, 2024 USD ($) country shares
Basis of Presentation Information
Number of countries in which the entity operates | country				190
Assets held-for-sale | AIG Life | Subsequent event
Basis of Presentation Information
Cash consideration for divestiture of business	£ 453	$ 569
Corebridge Common Stock | CoreBridge | Total AIG Shareholders' Equity
Basis of Presentation Information
Decrease in shareholders' equity				$ 83
CoreBridge | Corebridge Common Stock
Basis of Presentation Information
Total number of warrants repurchased (in shares) | shares				9,500,000
Aggregate purchase price of repurchased shares				$ 243
Corebridge Financial Inc
Basis of Presentation Information
Ownership (as a percent)				52.70%
Corebridge Financial Inc | Blackstone
Basis of Presentation Information
Ownership percentage by noncontrolling owners				10.10%
Percent of ownership interest permitted to be sold after second anniversary			67%
Percent of ownership interest permitted to be sold after third anniversary			75%

Segment Information - Narrative

Segment Information - Narrative (Details)	3 Months Ended
	Mar. 31, 2024 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
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Adjusted Revenues	$ 12,578	$ 10,984
Adjusted Pre-tax Income (Loss)	2,051	(231)
Changes in fair value of securities used to hedge guaranteed living benefits, adjusted revenues	17	13
Changes in fair value of securities used to hedge guaranteed living benefits, adjusted pre-tax income (loss)	(2)	(3)
Change in the fair value of market risk benefits, net	369	(196)
Changes in benefit reserves related to net realized gains (losses)	2	6
Changes in the fair value of equity securities	99	51
Net Investment Income	3,904	3,533
Other income (expense) - net	7	(7)
Net realized gains (losses)	(424)	(1,909)
Net realized gains, adjusted revenues	(313)	(772)
Net realized gains, adjusted pre-tax income (loss)	(307)	(766)
Net gain (loss) on divestitures and other	6	(2)
Non-operating litigation reserves and settlements, adjustment to revenue	0	1
Non-operating litigation reserves and settlements, pre-tax income (loss)	0	1
(Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements	(2)	19
Net loss reserve discount charge	(76)	(64)
Integration and transaction costs associated with acquiring or divesting businesses	(64)	(52)
Restructuring and other costs	(114)	(117)
Non-recurring costs related to regulatory or accounting changes	(4)	(13)
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
Fortitude Re funds withheld assets
Segment Reporting Information [Line Items]
Net Investment Income	369	446
Net realized gains (losses)	(179)	(31)
Fortitude Re funds withheld embedded derivative
Segment Reporting Information [Line Items]
Net realized gains (losses)	13	(1,165)
Total
Segment Reporting Information [Line Items]
Adjusted Revenues	12,565	12,444
Adjusted Pre-tax Income (Loss)	1,941	1,643
Corporate Reconciling Items And Eliminations
Segment Reporting Information [Line Items]
Adjusted Revenues	96	68
Adjusted Pre-tax Income (Loss)	(408)	(491)
Other Operations before consolidation and eliminations
Segment Reporting Information [Line Items]
Adjusted Revenues	57	132
Adjusted Pre-tax Income (Loss)	(438)	(434)
Consolidation and eliminations
Segment Reporting Information [Line Items]
Adjusted Revenues	39	(64)
Adjusted Pre-tax Income (Loss)	30	(57)
General Insurance | Reportable Segments
Segment Reporting Information [Line Items]
Adjusted Revenues	6,548	7,005
Adjusted Pre-tax Income (Loss)	1,358	1,248
General Insurance | Reportable Segments | North America
Segment Reporting Information [Line Items]
Adjusted Revenues	2,502	2,980
Adjusted Pre-tax Income (Loss)	224	299
General Insurance | Reportable Segments | International
Segment Reporting Information [Line Items]
Adjusted Revenues	3,284	3,279
Adjusted Pre-tax Income (Loss)	372	203
General Insurance | Reportable Segments | Net investment income
Segment Reporting Information [Line Items]
Adjusted Revenues	762	746
Adjusted Pre-tax Income (Loss)	762	746
Life and Retirement | Reportable Segments
Segment Reporting Information [Line Items]
Adjusted Revenues	5,921	5,371
Adjusted Pre-tax Income (Loss)	991	886
Life and Retirement | Reportable Segments | Individual Retirement
Segment Reporting Information [Line Items]
Adjusted Revenues	1,686	1,484
Adjusted Pre-tax Income (Loss)	622	533
Life and Retirement | Reportable Segments | Group Retirement
Segment Reporting Information [Line Items]
Adjusted Revenues	689	683
Adjusted Pre-tax Income (Loss)	199	187
Life and Retirement | Reportable Segments | Life Insurance
Segment Reporting Information [Line Items]
Adjusted Revenues	1,214	1,249
Adjusted Pre-tax Income (Loss)	58	82
Life and Retirement | Reportable Segments | Institutional Markets
Segment Reporting Information [Line Items]
Adjusted Revenues	2,332	1,955
Adjusted Pre-tax Income (Loss)	$ 112	$ 84

Held-For-Sale Classification -

Held-For-Sale Classification - Narrative (Details) - Apr. 08, 2024 £ in Millions, $ in Millions	GBP (£)	USD ($)
Assets held-for-sale | AIG Life | Subsequent event
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration for divestiture of business	£ 453	$ 569

Held-For-Sale Classification _2

Held-For-Sale Classification - Schedule of Disposal Groups (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets:
Total assets held for sale	$ 2,388	$ 2,268
Liabilities:
Total liabilities held for sale	1,813	1,775
Assets held-for-sale
Assets:
Bonds available for sale	175	181
Other invested assets	167	67
Short-term investments	25	12
Cash	1	3
Accrued investment income	4	3
Premiums and other receivables, net of allowance for credit losses and disputes	145	125
Reinsurance assets - other, net of allowance for credit losses and disputes	887	902
Deferred income taxes	47	47
Deferred policy acquisition costs	842	814
Other assets, net of allowance for credit losses	95	114
Total assets held for sale	2,388	2,268
Liabilities:
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses	24	19
Unearned premiums	73	61
Future policy benefits for life and accident and health insurance contracts	842	838
Other liabilities	874	857
Total liabilities held for sale	1,813	1,775
AIG Life | Assets held-for-sale
Assets:
Bonds available for sale	160	167
Other invested assets	0	0
Short-term investments	24	11
Cash	0	3
Accrued investment income	3	3
Premiums and other receivables, net of allowance for credit losses and disputes	131	116
Reinsurance assets - other, net of allowance for credit losses and disputes	882	899
Deferred income taxes	47	47
Deferred policy acquisition costs	841	814
Other assets, net of allowance for credit losses	82	83
Total assets held for sale	2,170	2,143
Liabilities:
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses	0	0
Unearned premiums	62	54
Future policy benefits for life and accident and health insurance contracts	842	838
Other liabilities	869	854
Total liabilities held for sale	1,773	1,746
Goodwill	23	23
Intangible assets	3	3
Other | Assets held-for-sale
Assets:
Bonds available for sale	15	14
Other invested assets	167	67
Short-term investments	1	1
Cash	1	0
Accrued investment income	1	0
Premiums and other receivables, net of allowance for credit losses and disputes	14	9
Reinsurance assets - other, net of allowance for credit losses and disputes	5	3
Deferred income taxes	0	0
Deferred policy acquisition costs	1	0
Other assets, net of allowance for credit losses	13	31
Total assets held for sale	218	125
Liabilities:
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses	24	19
Unearned premiums	11	7
Future policy benefits for life and accident and health insurance contracts	0	0
Other liabilities	5	3
Total liabilities held for sale	$ 40	$ 29

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)		Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Assets:
Bonds available for sale	[1]	$ 232,487,000,000	$ 231,733,000,000
Other bond securities	[1]	5,403,000,000	5,241,000,000
Equity securities	[1]	797,000,000	728,000,000
Derivative assets		7,722,000,000	6,595,000,000
Counterparty netting		(4,545,000,000)	(3,864,000,000)
Cash Collateral		$ (2,601,000,000)	$ (2,220,000,000)
Derivative Asset, Statement of Financial Position [Extensible Enumeration]		Other assets	Other assets
Total derivative assets		$ 576,000,000	$ 511,000,000
Short-term investments	[1]	15,077,000,000	17,200,000,000
Market risk benefit assets		1,172,000,000	912,000,000
Separate account assets		95,173,000,000	91,005,000,000
Liabilities:
Policyholder contract deposits		163,698,000,000	161,979,000,000
Market risk benefit liabilities, at fair value		5,167,000,000	5,705,000,000
Derivative liabilities		5,272,000,000	5,309,000,000
Counterparty netting		(4,545,000,000)	(3,864,000,000)
Cash Collateral		$ (326,000,000)	$ (1,050,000,000)
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Other liabilities	Other liabilities
Total derivative liabilities		$ 401,000,000	$ 395,000,000
Fortitude Re funds withheld payable		(28,789,000,000)	(29,484,000,000)
Fair Value Using NAV Per Share (or its equivalent)		11,195,000,000	11,320,000,000
U.S. government and government sponsored entities
Assets:
Bonds available for sale		5,789,000,000	5,616,000,000
Obligations of states, municipalities and political subdivisions
Assets:
Bonds available for sale		10,093,000,000	10,663,000,000
Non-U.S. governments
Assets:
Bonds available for sale		11,968,000,000	12,453,000,000
Corporate debt
Assets:
Bonds available for sale		135,818,000,000	138,432,000,000
RMBS
Assets:
Bonds available for sale		21,421,000,000	20,444,000,000
CMBS
Assets:
Bonds available for sale		14,488,000,000	14,128,000,000
CLO/ABS
Assets:
Bonds available for sale		32,910,000,000	29,997,000,000
Level 3
Liabilities:
Policyholder contract deposits		1,700,000,000	1,500,000,000
Level 3 | Obligations of states, municipalities and political subdivisions
Assets:
Bonds available for sale		809,000,000	824,000,000
Level 3 | Corporate debt
Assets:
Bonds available for sale		1,945,000,000	1,803,000,000
Level 3 | RMBS
Assets:
Bonds available for sale		4,672,000,000	4,656,000,000
Level 3 | CMBS
Assets:
Bonds available for sale		547,000,000	587,000,000
Fair Value Measured at Net Asset Value Per Share
Liabilities:
Fair Value Using NAV Per Share (or its equivalent)		9,500,000,000	9,500,000,000
Recurring Basis
Assets:
Counterparty netting		(4,545,000,000)	(3,864,000,000)
Cash Collateral		(2,601,000,000)	(2,220,000,000)
Counterparty netting and cash collateral		(7,146,000,000)	(6,084,000,000)
Total derivative assets		576,000,000	511,000,000
Short-term investments		8,487,000,000	10,772,000,000
Market risk benefit assets		1,172,000,000	912,000,000
Liabilities:
Policyholder contract deposits		8,613,000,000	7,997,000,000
Market risk benefit liabilities, at fair value		5,167,000,000	5,705,000,000
Counterparty netting		(4,545,000,000)	(3,864,000,000)
Cash Collateral		(326,000,000)	(1,050,000,000)
Counterparty netting and cash collateral		(4,871,000,000)	(4,914,000,000)
Total derivative liabilities		401,000,000	395,000,000
Fortitude Re funds withheld payable		(1,364,000,000)	(1,226,000,000)
Other liabilities		493,000,000	624,000,000
Long-term debt		68,000,000	53,000,000
Recurring Basis | Levels 1, 2 and 3
Assets:
Bonds available for sale		232,487,000,000	231,733,000,000
Other bond securities		5,403,000,000	5,241,000,000
Equity securities		797,000,000	728,000,000
Other invested assets		1,988,000,000	2,225,000,000
Short-term investments		8,487,000,000	10,772,000,000
Other assets		129,000,000	243,000,000
Separate account assets		95,173,000,000	91,005,000,000
Total		346,212,000,000	343,370,000,000
Liabilities:
Policyholder contract deposits		8,613,000,000	7,997,000,000
Fortitude Re funds withheld payable		(1,364,000,000)
Fortitude Re funds withheld payable			(1,226,000,000)
Other liabilities		92,000,000	229,000,000
Long-term debt		68,000,000	53,000,000
Total		12,977,000,000	13,153,000,000
Recurring Basis | Levels 1, 2 and 3 | Discontinued Operations, Excluding Held-for-Sale
Assets:
Total		176,000,000	182,000,000
Recurring Basis | Levels 1, 2 and 3 | Interest rate contracts
Assets:
Derivative assets		3,484,000,000	3,286,000,000
Liabilities:
Derivative liabilities		3,379,000,000	3,631,000,000
Recurring Basis | Levels 1, 2 and 3 | Foreign exchange contracts
Assets:
Derivative assets		1,236,000,000	1,236,000,000
Liabilities:
Derivative liabilities		627,000,000	894,000,000
Recurring Basis | Levels 1, 2 and 3 | Equity contracts
Assets:
Derivative assets		2,878,000,000	2,019,000,000
Liabilities:
Derivative liabilities		1,229,000,000	745,000,000
Recurring Basis | Levels 1, 2 and 3 | Credit contracts
Assets:
Derivative assets		111,000,000	41,000,000
Liabilities:
Derivative liabilities		36,000,000	37,000,000
Recurring Basis | Levels 1, 2 and 3 | Other contracts
Assets:
Derivative assets		13,000,000	13,000,000
Liabilities:
Derivative liabilities		1,000,000	2,000,000
Recurring Basis | Levels 1, 2 and 3 | U.S. government and government sponsored entities
Assets:
Bonds available for sale		5,789,000,000	5,616,000,000
Recurring Basis | Levels 1, 2 and 3 | Obligations of states, municipalities and political subdivisions
Assets:
Bonds available for sale		10,093,000,000	10,663,000,000
Other bond securities		90,000,000	91,000,000
Recurring Basis | Levels 1, 2 and 3 | Non-U.S. governments
Assets:
Bonds available for sale		11,968,000,000	12,453,000,000
Other bond securities		39,000,000	37,000,000
Recurring Basis | Levels 1, 2 and 3 | Corporate debt
Assets:
Bonds available for sale		135,818,000,000	138,432,000,000
Other bond securities		2,997,000,000	2,908,000,000
Recurring Basis | Levels 1, 2 and 3 | RMBS
Assets:
Bonds available for sale		21,421,000,000	20,444,000,000
Other bond securities		273,000,000	263,000,000
Recurring Basis | Levels 1, 2 and 3 | CMBS
Assets:
Bonds available for sale		14,488,000,000	14,128,000,000
Other bond securities		283,000,000	261,000,000
Recurring Basis | Levels 1, 2 and 3 | CLO/ABS
Assets:
Bonds available for sale		32,910,000,000	29,997,000,000
Other bond securities		1,721,000,000	1,681,000,000
Recurring Basis | Level 1
Assets:
Bonds available for sale		188,000,000	268,000,000
Other bond securities		0	0
Equity securities		727,000,000	632,000,000
Other invested assets		0	0
Derivative assets		0	7,000,000
Short-term investments		2,969,000,000	2,635,000,000
Market risk benefit assets		0	0
Other assets		0	0
Separate account assets		91,859,000,000	87,814,000,000
Total		95,743,000,000	91,356,000,000
Liabilities:
Policyholder contract deposits		0	0
Market risk benefit liabilities, at fair value		0	0
Derivative liabilities		0	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		0	2,000,000
Recurring Basis | Level 1 | Interest rate contracts
Assets:
Derivative assets		0	0
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		0	7,000,000
Liabilities:
Derivative liabilities		0	2,000,000
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
Liabilities:
Derivative liabilities		0	0
Recurring Basis | Level 1 | U.S. government and government sponsored entities
Assets:
Bonds available for sale		25,000,000	35,000,000
Recurring Basis | Level 1 | Obligations of states, municipalities and political subdivisions
Assets:
Bonds available for sale		0	0
Other bond securities		0	0
Recurring Basis | Level 1 | Non-U.S. governments
Assets:
Bonds available for sale		163,000,000	233,000,000
Other bond securities		0	0
Recurring Basis | Level 1 | Corporate debt
Assets:
Bonds available for sale		0	0
Other bond securities		0	0
Recurring Basis | Level 1 | RMBS
Assets:
Bonds available for sale		0	0
Other bond securities		0	0
Recurring Basis | Level 1 | CMBS
Assets:
Bonds available for sale		0	0
Other bond securities		0	0
Recurring Basis | Level 1 | CLO/ABS
Assets:
Bonds available for sale		0	0
Other bond securities		0	0
Recurring Basis | Level 2
Assets:
Bonds available for sale		202,753,000,000	204,621,000,000
Other bond securities		3,842,000,000	3,685,000,000
Equity securities		12,000,000	40,000,000
Other invested assets		134,000,000	155,000,000
Derivative assets		6,192,000,000	5,256,000,000
Short-term investments		5,518,000,000	8,137,000,000
Market risk benefit assets		0	0
Other assets		0	0
Separate account assets		3,314,000,000	3,191,000,000
Total		221,765,000,000	225,085,000,000
Liabilities:
Policyholder contract deposits		63,000,000	55,000,000
Market risk benefit liabilities, at fair value		0	0
Derivative liabilities		5,181,000,000	5,206,000,000
Fortitude Re funds withheld payable		0
Fortitude Re funds withheld payable			0
Other liabilities		0	107,000,000
Long-term debt		68,000,000	53,000,000
Total		5,312,000,000	5,421,000,000
Recurring Basis | Level 2 | Interest rate contracts
Assets:
Derivative assets		3,074,000,000	2,826,000,000
Liabilities:
Derivative liabilities		3,379,000,000	3,631,000,000
Recurring Basis | Level 2 | Foreign exchange contracts
Assets:
Derivative assets		1,235,000,000	1,235,000,000
Liabilities:
Derivative liabilities		624,000,000	891,000,000
Recurring Basis | Level 2 | Equity contracts
Assets:
Derivative assets		1,805,000,000	1,187,000,000
Liabilities:
Derivative liabilities		1,175,000,000	680,000,000
Recurring Basis | Level 2 | Credit contracts
Assets:
Derivative assets		78,000,000	8,000,000
Liabilities:
Derivative liabilities		3,000,000	4,000,000
Recurring Basis | Level 2 | Other contracts
Assets:
Derivative assets		0	0
Liabilities:
Derivative liabilities		0	0
Recurring Basis | Level 2 | U.S. government and government sponsored entities
Assets:
Bonds available for sale		5,764,000,000	5,581,000,000
Recurring Basis | Level 2 | Obligations of states, municipalities and political subdivisions
Assets:
Bonds available for sale		9,260,000,000	9,816,000,000
Other bond securities		89,000,000	90,000,000
Recurring Basis | Level 2 | Non-U.S. governments
Assets:
Bonds available for sale		11,798,000,000	12,213,000,000
Other bond securities		39,000,000	37,000,000
Recurring Basis | Level 2 | Corporate debt
Assets:
Bonds available for sale		133,861,000,000	136,753,000,000
Other bond securities		2,775,000,000	2,697,000,000
Recurring Basis | Level 2 | RMBS
Assets:
Bonds available for sale		13,308,000,000	12,804,000,000
Other bond securities		113,000,000	105,000,000
Recurring Basis | Level 2 | CMBS
Assets:
Bonds available for sale		13,898,000,000	13,495,000,000
Other bond securities		266,000,000	244,000,000
Recurring Basis | Level 2 | CLO/ABS
Assets:
Bonds available for sale		14,864,000,000	13,959,000,000
Other bond securities		560,000,000	512,000,000
Recurring Basis | Level 3
Assets:
Bonds available for sale		29,546,000,000	26,844,000,000
Other bond securities		1,561,000,000	1,556,000,000
Equity securities		58,000,000	56,000,000
Other invested assets		1,854,000,000	2,070,000,000
Derivative assets		1,530,000,000	1,332,000,000
Short-term investments		0	0
Market risk benefit assets		1,172,000,000	912,000,000	$ 830,000,000
Other assets		129,000,000	243,000,000
Separate account assets		0	0
Total		35,850,000,000	33,013,000,000
Liabilities:
Policyholder contract deposits		8,550,000,000	7,942,000,000
Market risk benefit liabilities, at fair value		5,167,000,000	5,705,000,000	$ 5,100,000,000
Derivative liabilities		91,000,000	101,000,000
Fortitude Re funds withheld payable		(1,364,000,000)
Fortitude Re funds withheld payable			(1,226,000,000)
Other liabilities		92,000,000	122,000,000
Long-term debt		0	0
Total		12,536,000,000	12,644,000,000
Recurring Basis | Level 3 | Interest rate contracts
Assets:
Derivative assets		410,000,000	460,000,000
Liabilities:
Derivative liabilities		0	0
Recurring Basis | Level 3 | Foreign exchange contracts
Assets:
Derivative assets		1,000,000	1,000,000
Liabilities:
Derivative liabilities		3,000,000	3,000,000
Recurring Basis | Level 3 | Equity contracts
Assets:
Derivative assets		1,073,000,000	825,000,000
Liabilities:
Derivative liabilities		54,000,000	63,000,000
Recurring Basis | Level 3 | Credit contracts
Assets:
Derivative assets		33,000,000	33,000,000
Liabilities:
Derivative liabilities		33,000,000	33,000,000
Recurring Basis | Level 3 | Other contracts
Assets:
Derivative assets		13,000,000	13,000,000
Liabilities:
Derivative liabilities		1,000,000	2,000,000
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		833,000,000	847,000,000
Other bond securities		1,000,000	1,000,000
Recurring Basis | Level 3 | Non-U.S. governments
Assets:
Bonds available for sale		7,000,000	7,000,000
Other bond securities		0	0
Recurring Basis | Level 3 | Corporate debt
Assets:
Bonds available for sale		1,957,000,000	1,679,000,000
Other bond securities		222,000,000	211,000,000
Recurring Basis | Level 3 | RMBS
Assets:
Bonds available for sale		8,113,000,000	7,640,000,000
Other bond securities		160,000,000	158,000,000
Recurring Basis | Level 3 | CMBS
Assets:
Bonds available for sale		590,000,000	633,000,000
Other bond securities		17,000,000	17,000,000
Recurring Basis | Level 3 | CLO/ABS
Assets:
Bonds available for sale		18,046,000,000	16,038,000,000
Other bond securities		$ 1,161,000,000	$ 1,169,000,000
[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
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	$ 30,769	$ 28,647
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	78	55
Other Comprehensive Income (Loss)	286	309
Purchases, Sales, Issuances and Settlements, Net	1,303	642
Gross Transfers In	1,166	382
Gross Transfers Out	(428)	(769)
Other	(26)	60
Fair Value End of Period	33,148	29,326
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(74)	(27)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	$ 244	$ 191
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Adjusted Revenues	Adjusted 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) income	Other comprehensive (loss) income
Market risk benefit assets, at fair value	$ 1,172		$ 912
Recurring Basis
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Market risk benefit assets, at fair value	1,172		912
Level 3 | Recurring Basis
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Market risk benefit assets, at fair value	$ 1,172	$ 830	$ 912
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 losses	Total net realized losses
Bonds available for sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	$ 26,844	$ 24,899
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	142	66
Other Comprehensive Income (Loss)	294	304
Purchases, Sales, Issuances and Settlements, Net	1,471	643
Gross Transfers In	1,163	373
Gross Transfers Out	(368)	(571)
Other	0	8
Fair Value End of Period	29,546	25,722
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	244	191
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	847	824
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	0	1
Other Comprehensive Income (Loss)	(14)	55
Purchases, Sales, Issuances and Settlements, Net	0	(7)
Gross Transfers In	0	0
Gross Transfers Out	0	0
Other	0	0
Fair Value End of Period	833	873
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	(16)	44
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	7	1
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	0	1
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issuances and Settlements, Net	0	0
Gross Transfers In	0	7
Gross Transfers Out	0	0
Other	0	0
Fair Value End of Period	7	9
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
Bonds available for sale | Corporate debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	1,679	2,847
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	2	(102)
Other Comprehensive Income (Loss)	1	51
Purchases, Sales, Issuances and Settlements, Net	(29)	(201)
Gross Transfers In	342	274
Gross Transfers Out	(38)	(421)
Other	0	(16)
Fair Value End of Period	1,957	2,432
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	(4)	50
Bonds available for sale | RMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	7,640	7,553
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	90	109
Other Comprehensive Income (Loss)	93	(70)
Purchases, Sales, Issuances and Settlements, Net	329	10
Gross Transfers In	0	0
Gross Transfers Out	(39)	(21)
Other	0	0
Fair Value End of Period	8,113	7,581
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	89	(98)
Bonds available for sale | CMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	633	926
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	(5)	7
Other Comprehensive Income (Loss)	46	(3)
Purchases, Sales, Issuances and Settlements, Net	(103)	1
Gross Transfers In	144	34
Gross Transfers Out	(125)	(27)
Other	0	0
Fair Value End of Period	590	938
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	11	(34)
Bonds available for sale | CLO/ABS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	16,038	12,748
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	55	50
Other Comprehensive Income (Loss)	168	271
Purchases, Sales, Issuances and Settlements, Net	1,274	840
Gross Transfers In	677	58
Gross Transfers Out	(166)	(102)
Other	0	24
Fair Value End of Period	18,046	13,889
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	164	229
Other bond securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	1,556	1,527
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	25	41
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issuances and Settlements, Net	(21)	(89)
Gross Transfers In	3	1
Gross Transfers Out	(2)	(198)
Other	0	52
Fair Value End of Period	1,561	1,334
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	13	23
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 | 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	1	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	0	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	211	416
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	8	1
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issuances and Settlements, Net	0	(96)
Gross Transfers In	3	0
Gross Transfers Out	0	(191)
Other	0	0
Fair Value End of Period	222	130
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	8	3
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 | RMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	158	173
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	3	5
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issuances and Settlements, Net	(1)	(12)
Gross Transfers In	0	0
Gross Transfers Out	0	0
Other	0	0
Fair Value End of Period	160	166
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	2	(3)
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 | CMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	17	28
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	0	(1)
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issuances and Settlements, Net	0	0
Gross Transfers In	0	0
Gross Transfers Out	0	0
Other	0	0
Fair Value End of Period	17	27
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	(1)
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 | CLO/ABS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	1,169	910
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	14	36
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issuances and Settlements, Net	(20)	18
Gross Transfers In	0	1
Gross Transfers Out	(2)	(7)
Other	0	52
Fair Value End of Period	1,161	1,010
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	3	24
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	56	39
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	3	0
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issuances and Settlements, Net	0	27
Gross Transfers In	0	8
Gross Transfers Out	(1)	0
Other	0	0
Fair Value End of Period	58	74
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	3	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 invested assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	2,070	2,075
MRBs and Net Realized and Unrealized Gains (Losses) Included in Income	(92)	(52)
Other Comprehensive Income (Loss)	(8)	5
Purchases, Sales, Issuances and Settlements, Net	(33)	58
Gross Transfers In	0	0
Gross Transfers Out	(57)	0
Other	(26)	0
Fair Value End of Period	1,854	2,086
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(90)	(50)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0
Other assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	243	107
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	(114)	3
Gross Transfers In	0	0
Gross Transfers Out	0	0
Other	0	0
Fair Value End of Period	129	110
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

Fair Value Measurements - Cha_2

Fair Value Measurements - Changes in Level 3 Recurring Fair Value Measurements, Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Liabilities:
Fair Value Beginning of Period	$ 5,839	$ 3,441	$ 5,607	$ 2,648
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	304	1,531
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issuances and Settlements, Net	(72)	(738)
Gross Transfers In		0
Gross Transfers Out	0	0
Other	0	0
Fair Value End of Period	5,839	3,441
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	602	(1,110)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	$ 0	$ 136
Derivative liabilities, net:
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Adjusted 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) income	Other comprehensive (loss) income
Market risk benefit liabilities, at fair value	$ 5,167		5,705
Recurring Basis
Derivative liabilities, net:
Market risk benefit liabilities, at fair value	5,167		5,705
Level 3 | Recurring Basis
Derivative liabilities, net:
Market risk benefit liabilities, at fair value	$ 5,167	$ 5,100	5,705
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 losses	Total net realized losses
Policyholder contract deposits
Liabilities:
Fair Value Beginning of Period	$ 8,550	$ 6,064	7,942	5,367
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	452	381
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issuances and Settlements, Net	156	316
Gross Transfers In	0	0
Gross Transfers Out	0	0
Other	0	0
Fair Value End of Period	8,550	6,064
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(3)	(368)
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
Liabilities:
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	(105)	(15)
Purchases, Sales, Issuances and Settlements, Net	(103)	(261)
Derivative liabilities, net:
Fair Value Beginning of Period	(1,231)	(596)
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	(105)	(15)
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issuances and Settlements, Net	(103)	(261)
Gross Transfers In	0	0
Gross Transfers Out	0	0
Other	0	0
Fair Value End of Period	(1,439)	(872)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	396	17
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	136
Interest rate contracts
Derivative liabilities, net:
Fair Value Beginning of Period	(460)	(311)
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	103	57
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issuances and Settlements, Net	(53)	(102)
Gross Transfers In	0	0
Gross Transfers Out	0	0
Other	0	0
Fair Value End of Period	(410)	(356)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	193	(50)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0
Foreign exchange contracts
Derivative liabilities, net:
Fair Value Beginning of Period	2
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	0
Other Comprehensive Income (Loss)	0
Purchases, Sales, Issuances and Settlements, Net	0
Gross Transfers In	0
Gross Transfers Out	0
Other	0
Fair Value End of Period	2
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0
Equity contracts
Derivative liabilities, net:
Fair Value Beginning of Period	(762)	(271)
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	(192)	(56)
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issuances and Settlements, Net	(65)	(175)
Gross Transfers In	0	0
Gross Transfers Out	0	0
Other	0	0
Fair Value End of Period	(1,019)	(502)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	187	51
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	136
Other contracts
Derivative liabilities, net:
Fair Value Beginning of Period	(11)	(14)
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	(16)	(16)
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issuances and Settlements, Net	15	16
Gross Transfers In	0	0
Gross Transfers Out	0	0
Other	0	0
Fair Value End of Period	(12)	(14)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	16	16
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0
Fortitude Re funds withheld payable
Liabilities:
Fair Value Beginning of Period	(1,364)	(1,863)	(1,226)	(2,235)
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	(13)	1,165
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issuances and Settlements, Net	(125)	(793)
Gross Transfers In	0	0
Gross Transfers Out	0	0
Other	0	0
Fair Value End of Period	(1,364)	(1,863)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	209	(759)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0
Other Liabilities
Liabilities:
Fair Value Beginning of Period	92	112	$ 122	$ 112
MRBs and Net Realized and Unrealized (Gains) Losses Included in Income	(30)	0
Other Comprehensive Income (Loss)	0	0
Purchases, Sales, Issuances and Settlements, Net	0	0
Gross Transfers In	0	0
Gross Transfers Out	0	0
Other	0	0
Fair Value End of Period	92	112
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

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
	Mar. 31, 2024	Mar. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	$ 78	$ 55
Net realized gains (losses), liabilities	$ 304	$ 1,531
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Adjusted Revenues
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Adjusted Revenues	Adjusted Revenues
Policyholder contract deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	$ 452	$ 381
Market risk benefit liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(1,071)	87
Derivative liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(105)	(15)
Fortitude Re funds withheld payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(13)	1,165
Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(30)	0
Bonds available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	142	66
Other bond securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	25	41
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	3	0
Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	$ (92)	$ (52)
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 - 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, 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 | 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 | Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	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	174	62
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	25	41
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	3
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	(91)	(51)
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	452	381
Net Realized Gains (Losses) | Market risk benefit liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(2)	0
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	(152)	(88)
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	(13)	1,165
Net Realized Gains (Losses) | Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(30)
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	(32)	4
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) | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	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	$ (1)	$ (1)
Change in the fair value of market risk benefits, net
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 | Policyholder contract deposits
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, net | Market risk benefit liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(1,069)	87
Change in the fair value of market risk benefits, net | Derivative liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	62	89
Change in the fair value of market risk benefits, net | 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
Change in the fair value of market risk benefits, net | Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0
Change in the fair value of market risk benefits, net | Bonds available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0
Change in the fair value of market risk benefits, net | Other bond securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	0
Change in the fair value of market risk benefits, net | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0
Change in the fair value of market risk benefits, net | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	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
Other Income | Market risk benefit liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	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)	(16)
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
Other Income | Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	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
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
Other Income | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	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

Fair Value Measurements - Gross

Fair Value Measurements - Gross Components of Purchases, Sales, Issuances and Settlements (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Assets:
Purchases	$ 2,584,000,000	$ 1,372,000,000
Sales	(90,000,000)	(36,000,000)
Issuances and Settlements	(1,191,000,000)	(694,000,000)
Purchases, Sales, Issuances and Settlements, Net	1,303,000,000	642,000,000
Liabilities:
Purchases	(194,000,000)	(260,000,000)
Sales	338,000,000	331,000,000
Issuances and Settlements	(216,000,000)	(809,000,000)
Purchases, Sales, Issuances and Settlements, Net	(72,000,000)	(738,000,000)
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	(11,000,000)	7,000,000
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	4,000,000	(5,000,000)
Policyholder contract deposits
Liabilities:
Purchases	0	0
Sales	332,000,000	326,000,000
Issuances and Settlements	(176,000,000)	(10,000,000)
Purchases, Sales, Issuances and Settlements, Net	156,000,000	316,000,000
Derivative liabilities, net
Liabilities:
Purchases	(194,000,000)	(260,000,000)
Sales	6,000,000	5,000,000
Issuances and Settlements	85,000,000	(6,000,000)
Purchases, Sales, Issuances and Settlements, Net	(103,000,000)	(261,000,000)
Fortitude Re funds withheld payable
Liabilities:
Purchases	0	0
Sales	0	0
Issuances and Settlements	(125,000,000)	(793,000,000)
Purchases, Sales, Issuances and Settlements, Net	(125,000,000)	(793,000,000)
Bonds available for sale
Assets:
Purchases	2,477,000,000	1,219,000,000
Sales	(90,000,000)	(32,000,000)
Issuances and Settlements	(916,000,000)	(544,000,000)
Purchases, Sales, Issuances and Settlements, Net	1,471,000,000	643,000,000
Bonds available for sale | Obligations of states, municipalities and political subdivisions
Assets:
Purchases	1,000,000	1,000,000
Sales	0	(4,000,000)
Issuances and Settlements	(1,000,000)	(4,000,000)
Purchases, Sales, Issuances and Settlements, Net	0	(7,000,000)
Bonds available for sale | Corporate debt
Assets:
Purchases	8,000,000	21,000,000
Sales	(3,000,000)	0
Issuances and Settlements	(34,000,000)	(222,000,000)
Purchases, Sales, Issuances and Settlements, Net	(29,000,000)	(201,000,000)
Bonds available for sale | RMBS
Assets:
Purchases	574,000,000	290,000,000
Sales	(1,000,000)	(19,000,000)
Issuances and Settlements	(244,000,000)	(261,000,000)
Purchases, Sales, Issuances and Settlements, Net	329,000,000	10,000,000
Bonds available for sale | CMBS
Assets:
Purchases	0	10,000,000
Sales	(30,000,000)	(6,000,000)
Issuances and Settlements	(73,000,000)	(3,000,000)
Purchases, Sales, Issuances and Settlements, Net	(103,000,000)	1,000,000
Bonds available for sale | CLO/ABS
Assets:
Purchases	1,894,000,000	897,000,000
Sales	(56,000,000)	(3,000,000)
Issuances and Settlements	(564,000,000)	(54,000,000)
Purchases, Sales, Issuances and Settlements, Net	1,274,000,000	840,000,000
Other bond securities
Assets:
Purchases	44,000,000	52,000,000
Sales	0	(4,000,000)
Issuances and Settlements	(65,000,000)	(137,000,000)
Purchases, Sales, Issuances and Settlements, Net	(21,000,000)	(89,000,000)
Other bond securities | Obligations of states, municipalities and political subdivisions
Assets:
Purchases		1,000,000
Sales		0
Issuances and Settlements		0
Purchases, Sales, Issuances and Settlements, Net	0	1,000,000
Other bond securities | Corporate debt
Assets:
Purchases		0
Sales		0
Issuances and Settlements		(96,000,000)
Purchases, Sales, Issuances and Settlements, Net	0	(96,000,000)
Other bond securities | RMBS
Assets:
Purchases	3,000,000	5,000,000
Sales	0	0
Issuances and Settlements	(4,000,000)	(17,000,000)
Purchases, Sales, Issuances and Settlements, Net	(1,000,000)	(12,000,000)
Other bond securities | CMBS
Assets:
Purchases, Sales, Issuances and Settlements, Net	0	0
Other bond securities | CLO/ABS
Assets:
Purchases	41,000,000	46,000,000
Sales	0	(4,000,000)
Issuances and Settlements	(61,000,000)	(24,000,000)
Purchases, Sales, Issuances and Settlements, Net	(20,000,000)	18,000,000
Equity securities
Assets:
Purchases		29,000,000
Sales		0
Issuances and Settlements		(2,000,000)
Purchases, Sales, Issuances and Settlements, Net	0	27,000,000
Other invested assets
Assets:
Purchases	63,000,000	72,000,000
Sales	0	0
Issuances and Settlements	(96,000,000)	(14,000,000)
Purchases, Sales, Issuances and Settlements, Net	(33,000,000)	58,000,000
Other assets
Assets:
Purchases	0	0
Sales	0	0
Issuances and Settlements	(114,000,000)	3,000,000
Purchases, Sales, Issuances and Settlements, Net	$ (114,000,000)	$ 3,000,000

Fair Value Measurements - Quant

Fair Value Measurements - Quantitative Information about Level 3 Fair Value Measurements (Details) $ in Millions		Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale	[1]	$ 232,487	$ 231,733
Embedded derivatives within Policyholder contract deposits		8,700	8,000
Policyholder contract deposits		163,698	161,979
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Policyholder contract deposits		1,700	1,500
Obligations of states, municipalities and political subdivisions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 10,093	$ 10,663
Obligations of states, municipalities and political subdivisions | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0510	0.0497
Obligations of states, municipalities and political subdivisions | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0539	0.0531
Obligations of states, municipalities and political subdivisions | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0524	0.0514
Obligations of states, municipalities and political subdivisions | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 809	$ 824
Corporate debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 135,818	$ 138,432
Corporate debt | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0494	0.0519
Corporate debt | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.1081	0.0848
Corporate debt | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0765	0.0683
Corporate debt | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 1,945	$ 1,803
RMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 21,421	$ 20,444
RMBS | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0566	0.0613
RMBS | Minimum | Constant prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0440	0.0434
RMBS | Minimum | Loss severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.3581	0.3356
RMBS | Minimum | Constant default rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0078	0.0076
RMBS | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0702	0.0741
RMBS | Maximum | Constant prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.1002	0.0999
RMBS | Maximum | Loss severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.8447	0.8759
RMBS | Maximum | Constant default rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0256	0.0256
RMBS | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0634	0.0677
RMBS | Weighted-average | Constant prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0721	0.0717
RMBS | Weighted-average | Loss severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.6014	0.6057
RMBS | Weighted-average | Constant default rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0167	0.0166
RMBS | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 4,672	$ 4,656
CLO/ABS | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0581	0.0562
CLO/ABS | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0789	0.0789
CLO/ABS | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0685	0.0676
CLO/ABS | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 16,371	$ 14,242
CMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 14,488	$ 14,128
CMBS | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0522	0.0562
CMBS | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.1838	0.1785
CMBS | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.1141	0.1173
CMBS | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 547	$ 587
Market risk benefit assets | Minimum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0635	0.0625
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
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
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		0.0006	0
Market risk benefit assets | Maximum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.4995	0.4975
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
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
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		0.0233	0.0229
Market risk benefit assets | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 1,172	$ 912
Variable annuities guaranteed benefits | Minimum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0635	0.0625
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
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
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		0.0006	0
Variable annuities guaranteed benefits | Maximum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.4995	0.4975
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
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
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		0.0233	0.0229
Variable annuities guaranteed benefits | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivatives within Policyholder contract deposits		$ 1,675	$ 2,174
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
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
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		0.0006	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
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1.8618	1.8618
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
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		0.0233	0.0229
Fixed annuities guaranteed benefits | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivatives within Policyholder contract deposits		$ 1,130	$ 1,111
Fixed index annuities guaranteed benefits | Minimum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0635	0.0625
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
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
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.6000	0.6000
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		0.0006	0
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 | Maximum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.4995	0.4975
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
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	1.4600
Fixed index annuities guaranteed benefits | Maximum | Utilization
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.9750	0.9750
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		0.0233	0.0229
Fixed index annuities guaranteed benefits | Maximum | Option budget
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0600	0.0600
Fixed index annuities guaranteed benefits | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivatives within Policyholder contract deposits		$ 2,362	$ 2,420
Index credits on fixed index annuities(i) | Minimum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0635	0.0625
Index credits on fixed index annuities(i) | 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(i) | Minimum | Dynamic lapse multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.2000	0.2000
Index credits on fixed index annuities(i) | 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(i) | Minimum | Utilization
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.6000	0.6000
Index credits on fixed index annuities(i) | 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(i) | Minimum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0006	0
Index credits on fixed index annuities(i) | 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(i) | Maximum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.4995	0.4975
Index credits on fixed index annuities(i) | 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(i) | Maximum | Dynamic lapse multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1.8618	1.8618
Index credits on fixed index annuities(i) | Maximum | Mortality multiplier
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1.4600	1.4600
Index credits on fixed index annuities(i) | Maximum | Utilization
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.9750	0.9750
Index credits on fixed index annuities(i) | 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(i) | Maximum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0233	0.0229
Index credits on fixed index annuities(i) | Maximum | Option budget
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0600	0.0600
Index credits on fixed index annuities(i) | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivatives within Policyholder contract deposits		$ 7,603	$ 6,953
Index universal life | Minimum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0585	0.0585
Index universal life | Minimum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0	0
Index universal life | Minimum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0006	0
Index universal life | Minimum | Mortality rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0	0
Index universal life | Maximum | Equity volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.1995	0.2036
Index universal life | Maximum | Base lapse rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.3797	0.3797
Index universal life | Maximum | NPA
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		0.0233	0.0229
Index universal life | Maximum | Mortality rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivative liability, measurement input		1	1
Index universal life | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Embedded derivatives within Policyholder contract deposits		$ 947	$ 989
[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	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	$ 11,195	$ 11,320
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)	9,522	9,508
Unfunded Commitments	3,701	3,748
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)	8,835	8,798
Unfunded Commitments	$ 3,701	3,748
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)	$ 3,736	3,617
Unfunded Commitments	2,278	2,313
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)	1,712	1,814
Unfunded Commitments	824	782
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)	266	270
Unfunded Commitments	136	141
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)	690	680
Unfunded Commitments	112	117
Mezzanine
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	263	292
Unfunded Commitments	94	98
Other
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	2,168	2,125
Unfunded Commitments	257	297
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)	687	710
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)	17	18
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)	565	549
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)	37	69
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)	68	74
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
	Mar. 31, 2024	Mar. 31, 2023
Fair Value, Option, Quantitative Disclosures
Fair value option gain (loss)	$ 209	$ 212
Other bond securities
Fair Value, Option, Quantitative Disclosures
Fair value option gain (loss)	78	136
Alternative investments
Fair Value, Option, Quantitative Disclosures
Fair value option gain (loss)	130	77
Long-term debt
Fair Value, Option, Quantitative Disclosures
Fair value option gain (loss)	$ 1	$ (1)

Fair Value Measurements - Diffe

Fair Value Measurements - Difference Between Fair Values Fair Value Option (Details) - Fair Value Option - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Fair Value	$ 68	$ 53
Outstanding Principal Amount	60	44
Difference	$ 8	$ 9

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
		Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	[1]	$ 15,977		$ 16,217
Impairment Charges		26	$ 11
Fair value on a non-recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments		98		80
Other assets		0
Total		98		80
Impairment Charges		26	9
Fair value on a non-recurring basis | Other investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment Charges		25	0
Fair value on a non-recurring basis | Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment Charges		1	$ 9
Fair value on a non-recurring basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments		0		0
Other assets		0
Total		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 investments		0		0
Other assets		0
Total		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 investments		98		80
Other assets		0
Total		$ 98		$ 80
[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		Mar. 31, 2024		Dec. 31, 2023		Mar. 31, 2023
Assets:
Mortgage and other loans receivable	[1]	$ 52,475		$ 51,553
Other investments	[1]	15,977		16,217
Short-term investments	[1]	15,077		17,200
Cash		1,816	[1]	2,155	[1]	$ 1,923
Other assets	[1]	12,313		13,089
Liabilities:
Fortitude Re funds withheld payable		28,789		29,484
Other liabilities	[1]	28,245		25,958
Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Short-term and long-term debt	[1]	2,617		2,591
Consolidated Entities, Excluding Consolidated Investments
Liabilities:
Short-term and long-term debt		19,318		19,796
Estimated Fair Value
Assets:
Mortgage and other loans receivable		49,132		48,536
Other investments		902		919
Short-term investments		6,590		6,428
Cash		1,816		2,155
Other assets		43		45
Liabilities:
Policyholder contract deposits associated with investment-type contracts		136,192		130,184
Fortitude Re funds withheld payable		30,153		30,710
Other liabilities		3,585		2,467
Separate account liabilities - investment contracts		91,243		87,215
Estimated Fair Value | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Debt of consolidated investment entities		2,594		2,569
Estimated Fair Value | Consolidated Entities, Excluding Consolidated Investments
Liabilities:
Short-term and long-term debt		18,177		18,862
Carrying Value
Assets:
Mortgage and other loans receivable		52,475		51,553
Other investments		902		919
Short-term investments		6,590		6,428
Cash		1,816		2,155
Other assets		43		45
Liabilities:
Policyholder contract deposits associated with investment-type contracts		141,851		140,652
Fortitude Re funds withheld payable		30,153		30,710
Other liabilities		3,585		2,467
Separate account liabilities - investment contracts		91,243		87,215
Carrying Value | Assets held-for-sale
Assets:
Short-term investments		25		11
Cash		1		3
Liabilities:
Other liabilities		52		45
Carrying Value | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Debt of consolidated investment entities		2,617		2,591
Carrying Value | Consolidated Entities, Excluding Consolidated Investments
Liabilities:
Short-term and long-term debt		19,250		19,743
Level 1 | Estimated Fair Value
Assets:
Mortgage and other loans receivable		0		0
Other investments		0		0
Short-term investments		0		0
Cash		1,816		2,155
Other assets		43		45
Liabilities:
Policyholder contract deposits associated with investment-type contracts		0		0
Fortitude Re funds withheld payable		0		0
Other liabilities		0		0
Separate account liabilities - investment contracts		0		0
Level 1 | Estimated Fair Value | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Debt of consolidated investment entities		0		0
Level 1 | Estimated Fair Value | Consolidated Entities, Excluding Consolidated Investments
Liabilities:
Short-term and long-term debt		0		0
Level 2 | Estimated Fair Value
Assets:
Mortgage and other loans receivable		322		272
Other investments		896		913
Short-term investments		6,590		6,428
Cash		0		0
Other assets		0		0
Liabilities:
Policyholder contract deposits associated with investment-type contracts		86		90
Fortitude Re funds withheld payable		0		0
Other liabilities		3,585		2,467
Separate account liabilities - investment contracts		91,243		87,215
Level 2 | Estimated Fair Value | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Debt of consolidated investment entities		67		43
Level 2 | Estimated Fair Value | Consolidated Entities, Excluding Consolidated Investments
Liabilities:
Short-term and long-term debt		17,928		18,595
Level 3 | Estimated Fair Value
Assets:
Mortgage and other loans receivable		48,810		48,264
Other investments		6		6
Short-term investments		0		0
Cash		0		0
Other assets		0		0
Liabilities:
Policyholder contract deposits associated with investment-type contracts		136,106		130,094
Fortitude Re funds withheld payable		30,153		30,710
Other liabilities		0		0
Separate account liabilities - investment contracts		0		0
Level 3 | Estimated Fair Value | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Debt of consolidated investment entities		2,527		2,526
Level 3 | Estimated Fair Value | Consolidated Entities, Excluding Consolidated Investments
Liabilities:
Short-term and long-term debt		$ 249		$ 267
[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		3 Months Ended	12 Months Ended
		Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		$ 255,067	$ 253,035
Allowance for credit losses		(125)	(162)	$ (136)	$ (186)
Gross Unrealized Gains		2,966	3,261
Gross Unrealized Losses		(25,421)	(24,401)
Bonds available for sale	[1]	232,487	231,733
Non-Investment Grade
Debt Securities, Available-for-sale [Line Items]
Bonds available for sale		$ 16,900	$ 17,100
Non-Investment Grade | Credit Concentration Risk | Bonds available for sale
Debt Securities, Available-for-sale [Line Items]
Concentration risk (as a percent)		7%	7%
U.S. government and government sponsored entities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		$ 6,157	$ 5,885
Allowance for credit losses		0	0
Gross Unrealized Gains		23	58
Gross Unrealized Losses		(391)	(327)
Bonds available for sale		5,789	5,616
Obligations of states, municipalities and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		10,894	11,387
Allowance for credit losses		0	0
Gross Unrealized Gains		85	118
Gross Unrealized Losses		(886)	(842)
Bonds available for sale		10,093	10,663
Non-U.S. governments
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		13,310	13,668
Allowance for credit losses		0	(3)
Gross Unrealized Gains		109	137
Gross Unrealized Losses		(1,451)	(1,349)
Bonds available for sale		11,968	12,453
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		153,436	154,674
Allowance for credit losses		(84)	(90)
Gross Unrealized Gains		1,598	1,898
Gross Unrealized Losses		(19,132)	(18,050)
Bonds available for sale		135,818	138,432
Mortgage-backed, asset-backed and collateralized
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		71,270	67,421
Allowance for credit losses		(41)	(69)
Gross Unrealized Gains		1,151	1,050
Gross Unrealized Losses		(3,561)	(3,833)
Bonds available for sale		68,819	64,569
RMBS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		21,841	20,875
Allowance for credit losses		(24)	(35)
Gross Unrealized Gains		849	821
Gross Unrealized Losses		(1,245)	(1,217)
Bonds available for sale		21,421	20,444
CMBS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		15,563	15,379
Allowance for credit losses		(17)	(34)
Gross Unrealized Gains		68	46
Gross Unrealized Losses		(1,126)	(1,263)
Bonds available for sale		14,488	14,128
CLO/ABS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		33,866	31,167
Allowance for credit losses		0	0
Gross Unrealized Gains		234	183
Gross Unrealized Losses		(1,190)	(1,353)
Bonds available for sale		$ 32,910	$ 29,997
[1] See Note 10 for details of balances associated with variable interest entities.

Investments - Available for Sal

Investments - Available for Sale Securities in Continuous Unrealized Loss Position (Details) $ in Millions	Mar. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Fair Value
Fair Value, Less than 12 Months	$ 35,639	$ 34,407
Fair Value, 12 Months or More	134,235	136,774
Fair Value, Total	169,874	171,181
Gross Unrealized Losses*
Gross Unrealized Losses, Less than 12 Months	2,869	2,958
Gross Unrealized Losses, 12 Months or More	22,475	21,333
Gross Unrealized Losses, Total	$ 25,344	$ 24,291
Number of securities in an unrealized loss position | security	27,875	27,930
Number of individual securities in continuous unrealized loss position for longer than twelve months | security	22,726	22,663
U.S. government and government sponsored entities
Fair Value
Fair Value, Less than 12 Months	$ 2,600	$ 1,046
Fair Value, 12 Months or More	1,486	1,550
Fair Value, Total	4,086	2,596
Gross Unrealized Losses*
Gross Unrealized Losses, Less than 12 Months	33	12
Gross Unrealized Losses, 12 Months or More	358	315
Gross Unrealized Losses, Total	391	327
Obligations of states, municipalities and political subdivisions
Fair Value
Fair Value, Less than 12 Months	2,150	1,994
Fair Value, 12 Months or More	5,187	5,218
Fair Value, Total	7,337	7,212
Gross Unrealized Losses*
Gross Unrealized Losses, Less than 12 Months	134	133
Gross Unrealized Losses, 12 Months or More	752	709
Gross Unrealized Losses, Total	886	842
Non-U.S. governments
Fair Value
Fair Value, Less than 12 Months	2,007	1,901
Fair Value, 12 Months or More	7,424	7,483
Fair Value, Total	9,431	9,384
Gross Unrealized Losses*
Gross Unrealized Losses, Less than 12 Months	148	168
Gross Unrealized Losses, 12 Months or More	1,302	1,175
Gross Unrealized Losses, Total	1,450	1,343
Corporate debt
Fair Value
Fair Value, Less than 12 Months	16,567	15,483
Fair Value, 12 Months or More	91,020	93,649
Fair Value, Total	107,587	109,132
Gross Unrealized Losses*
Gross Unrealized Losses, Less than 12 Months	2,141	1,936
Gross Unrealized Losses, 12 Months or More	16,952	16,076
Gross Unrealized Losses, Total	19,093	18,012
RMBS
Fair Value
Fair Value, Less than 12 Months	4,044	4,154
Fair Value, 12 Months or More	7,877	7,246
Fair Value, Total	11,921	11,400
Gross Unrealized Losses*
Gross Unrealized Losses, Less than 12 Months	189	288
Gross Unrealized Losses, 12 Months or More	1,025	880
Gross Unrealized Losses, Total	1,214	1,168
CMBS
Fair Value
Fair Value, Less than 12 Months	1,678	2,864
Fair Value, 12 Months or More	8,664	8,192
Fair Value, Total	10,342	11,056
Gross Unrealized Losses*
Gross Unrealized Losses, Less than 12 Months	70	219
Gross Unrealized Losses, 12 Months or More	1,050	1,027
Gross Unrealized Losses, Total	1,120	1,246
CLO/ABS
Fair Value
Fair Value, Less than 12 Months	6,593	6,965
Fair Value, 12 Months or More	12,577	13,436
Fair Value, Total	19,170	20,401
Gross Unrealized Losses*
Gross Unrealized Losses, Less than 12 Months	154	202
Gross Unrealized Losses, 12 Months or More	1,036	1,151
Gross Unrealized Losses, Total	$ 1,190	$ 1,353

Investments - Amortized Cost an

Investments - Amortized Cost and Fair Value of Fixed Maturity Securities Available for Sale by Contractual Maturity (Details) - USD ($) $ in Millions		Mar. 31, 2024	Dec. 31, 2023
Amortized Cost, Net of Allowance
Due in one year or less		$ 8,347
Due after one year through five years		47,710
Due after five years through ten years		39,506
Due after ten years		88,150
Mortgage-backed, asset-backed and collateralized		71,229
Total		254,942
Fair Value
Due in one year or less		8,235
Due after one year through five years		46,259
Due after five years through ten years		36,657
Due after ten years		72,517
Mortgage-backed, asset-backed and collateralized		68,819
Total	[1]	$ 232,487	$ 231,733
[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
	Mar. 31, 2024	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Gross Realized Gains	$ 20	$ 146
Gross Realized Losses	463	598
Aggregate fair value of available for sale securities sold	4,900	10,800
Net Investment Income [Line Items]
Net realized gains (losses)	(443)	(452)
Fortitude RE Funds Withheld Assets
Net Investment Income [Line Items]
Net realized gains (losses)	$ (37)	$ (65)

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		3 Months Ended	12 Months Ended
		Mar. 31, 2024	Dec. 31, 2023
Debt and Equity Securities, FV-NI [Line Items]
Other bond securities	[1]	$ 5,403	$ 5,241
Equity securities	[1]	797	728
Fixed Maturities And Equity Securities
Debt and Equity Securities, FV-NI [Line Items]
Total		$ 6,200	$ 5,969
Fixed Maturities And Equity Securities | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk (as a percent)		100%	100%
Fixed maturity securities
Debt and Equity Securities, FV-NI [Line Items]
Other bond securities		$ 5,403	$ 5,241
Fixed maturity securities | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk (as a percent)		87%	88%
Fixed maturity securities | Obligations of states, municipalities and political subdivisions
Debt and Equity Securities, FV-NI [Line Items]
Other bond securities		$ 90	$ 91
Fixed maturity securities | Obligations of states, municipalities and political subdivisions | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk (as a percent)		1%	2%
Fixed maturity securities | Non-U.S. governments
Debt and Equity Securities, FV-NI [Line Items]
Other bond securities		$ 39	$ 37
Fixed maturity securities | Non-U.S. governments | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk (as a percent)		1%	1%
Fixed maturity securities | Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Other bond securities		$ 2,997	$ 2,908
Fixed maturity securities | Corporate debt | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk (as a percent)		48%	49%
Fixed maturity securities | Mortgage-backed, asset-backed and collateralized
Debt and Equity Securities, FV-NI [Line Items]
Other bond securities		$ 2,277	$ 2,205
Fixed maturity securities | Mortgage-backed, asset-backed and collateralized | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk (as a percent)		37%	36%
Fixed maturity securities | RMBS
Debt and Equity Securities, FV-NI [Line Items]
Other bond securities		$ 273	$ 263
Fixed maturity securities | RMBS | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk (as a percent)		4%	4%
Fixed maturity securities | CMBS
Debt and Equity Securities, FV-NI [Line Items]
Other bond securities		$ 283	$ 261
Fixed maturity securities | CMBS | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk (as a percent)		5%	4%
Fixed maturity securities | CLO/ABS
Debt and Equity Securities, FV-NI [Line Items]
Other bond securities		$ 1,721	$ 1,681
Fixed maturity securities | CLO/ABS | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk (as a percent)		28%	28%
Equity securities
Debt and Equity Securities, FV-NI [Line Items]
Equity securities		$ 797	$ 728
Equity securities | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk (as a percent)		13%	12%
[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		Mar. 31, 2024	Dec. 31, 2023
Investments [Line Items]
Alternative investments		$ 11,195	$ 11,320
Investment real estate		2,159	2,237
All other investments		2,623	2,660
Total	[1]	15,977	16,217
Accumulated depreciation on investment in real estate		834	853
Hedge Funds
Investments [Line Items]
Total		700	700
Private equity funds
Investments [Line Items]
Alternative investments		8,835	8,798
Total		10,500	10,600
Fortitude Re Funds Withheld Assets
Investments [Line Items]
Total		156	156
DaVinciRe Holdings Ltd
Investments [Line Items]
Total		$ 300	$ 300
[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
	Mar. 31, 2024	Mar. 31, 2023
Net Investment Income [Line Items]
Total investment income	$ 4,126	$ 3,738
Investment expenses	222	205
Net investment income	3,904	3,533
Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	3,749	3,283
Investment expenses	214	196
Net investment income	3,535	3,087
Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	377	455
Investment expenses	8	9
Net investment income	369	446
Available for sale fixed maturity securities, including short-term investments
Net Investment Income [Line Items]
Total investment income	3,162	2,789
Available for sale fixed maturity securities, including short-term investments | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	2,946	2,546
Available for sale fixed maturity securities, including short-term investments | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	216	243
Other fixed maturity securities
Net Investment Income [Line Items]
Total investment income	80	135
Other fixed maturity securities | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	9	12
Other fixed maturity securities | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	71	123
Equity securities
Net Investment Income [Line Items]
Total investment income	99	51
Equity securities | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	99	51
Equity securities | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	0	0
Interest on mortgage and other loans
Net Investment Income [Line Items]
Total investment income	706	626
Interest on mortgage and other loans | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	649	567
Interest on mortgage and other loans | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	57	59
Alternative investments
Net Investment Income [Line Items]
Total investment income	41	107
Alternative investments | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	8	76
Alternative investments | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	33	31
Real estate
Net Investment Income [Line Items]
Total investment income	(2)	3
Real estate | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	5	3
Real estate | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	(7)	0
Other investments
Net Investment Income [Line Items]
Total investment income	40	27
Other investments | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	33	28
Other investments | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	$ 7	$ (1)

Investments - Components of N_2

Investments - Components of Net Realized Gains and Losses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Components of net realized capital gains (losses)
Sales of fixed maturity securities	$ (443)	$ (452)
Net realized gains (losses)	(424)	(1,909)
Excluding Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Net realized gains (losses)	(258)	(713)
Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Net realized gains (losses)	(166)	(1,196)
Excluding modified coinsurance and funds withheld embedded derivative
Components of net realized capital gains (losses)
Sales of fixed maturity securities	(443)	(452)
Intent to sell	(48)	0
Change in allowance for credit losses on fixed maturity securities	(68)	(16)
Foreign exchange transactions	0	130
Index-linked interest credited embedded derivatives, net of related hedges	90	(178)
All other derivatives and hedge accounting	33	(179)
Sales of alternative investments and real estate investments	29	5
Other	(8)	9
Net realized gains (losses)	(437)	(744)
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	(22)	(63)
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	(406)	(387)
Intent to sell	(16)	0
Change in allowance for credit losses on fixed maturity securities	(62)	(16)
Foreign exchange transactions	14	114
Index-linked interest credited embedded derivatives, net of related hedges	90	(178)
All other derivatives and hedge accounting	123	(217)
Sales of alternative investments and real estate investments	30	4
Other	(8)	9
Net realized gains (losses)	(258)	(713)
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	(23)	(42)
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	(37)	(65)
Intent to sell	(32)	0
Change in allowance for credit losses on fixed maturity securities	(6)	0
Foreign exchange transactions	(14)	16
Index-linked interest credited embedded derivatives, net of related hedges	0	0
All other derivatives and hedge accounting	(90)	38
Sales of alternative investments and real estate investments	(1)	1
Other	0	0
Net realized gains (losses)	(179)	(31)
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	1	(21)
Fortitude Re funds withheld embedded derivative
Components of net realized capital gains (losses)
Net realized gains (losses)	13	(1,165)
Fortitude Re funds withheld embedded derivative | Excluding Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Net realized gains (losses)	0	0
Fortitude Re funds withheld embedded derivative | Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Net realized gains (losses)	$ 13	$ (1,165)

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
	Mar. 31, 2024	Mar. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	$ (1,202)	$ 5,005
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date
Net gains recognized during the period on equity securities and other investments	252	161
Less: Net gains recognized during the period on equity securities and other investments sold during the period	69	154
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date	183	7
Continuing Operations, Excluding Held-For-Sale
Debt Securities, Available-for-sale [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	(1,214)	5,005
Fixed maturity securities | Continuing Operations, Excluding Held-For-Sale
Debt Securities, Available-for-sale [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	(1,214)	5,005
Equity securities
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date
Net gains recognized during the period on equity securities and other investments	99	51
Less: Net gains recognized during the period on equity securities and other investments sold during the period	67	153
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date	32	(102)
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 recognized during the period on equity securities and other investments	153	110
Less: Net gains recognized during the period on equity securities and other investments sold during the period	2	1
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date	$ 151	$ 109

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
	Mar. 31, 2024	Mar. 31, 2023
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 162	$ 186
Securities for which allowance for credit losses were not previously recorded	33	24
Securities sold during the period	(23)	(11)
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	35	(8)
Write-offs charged against the allowance	(83)	(50)
Other	1	(5)
Balance, end of period	125	136
Structured
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	69	46
Securities for which allowance for credit losses were not previously recorded	13	2
Securities sold during the period	(15)	(1)
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	12	(4)
Write-offs charged against the allowance	(39)	0
Other	1	2
Balance, end of period	41	45
Non- Structured
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	93	140
Securities for which allowance for credit losses were not previously recorded	20	22
Securities sold during the period	(8)	(10)
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	(4)
Write-offs charged against the allowance	(44)	(50)
Other	0	(7)
Balance, end of period	$ 84	$ 91

Investments - Pledged Investmen

Investments - Pledged Investments (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Financial Instruments Owned and Pledged as Collateral [Line Items]
Fixed maturity securities available for sale	$ 3,651	$ 2,723
Amounts borrowed under repurchase and securities lending agreements	3,600	2,600
Securities pledged under repurchase agreements	3,651	2,723
Securities collateral pledged to us	934	1,200
Carrying value of reverse repurchase agreements	927	1,100
Total carrying values of cash and securities deposited under requirements of regulatory authorities or other insurance-related arrangements	18,500	16,500
Federal Home Loan Bank stock	288	283
Bonds available for sale and short-term investments held in escrow	164	164
Asset Pledged as Collateral
Financial Instruments Owned and Pledged as Collateral [Line Items]
Fixed maturity securities available for sale	6,200	6,500
Loans	3,100	3,000
Other bond securities, at fair value	77	63
Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	51	277
Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	3,600	2,446
Overnight and Continuous
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	14	38
Overnight and Continuous | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
Overnight and Continuous | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	14	38
up to 30 days
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	3,637	2,685
up to 30 days | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	51	277
up to 30 days | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	3,586	2,408
31 - 90 days
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
31 - 90 days | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
31 - 90 days | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
91 - 364 days
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
91 - 364 days | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
91 - 364 days | Corporate debt
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
365 days or greater | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	0	0
365 days or greater | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements	$ 0	$ 0

Lending Activities - Compositio

Lending Activities - Composition of Mortgages and Other Loans Receivable (Details) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
		Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Composition of Mortgages and other loans receivable
Allowance for credit losses		$ (38,501)	$ (38,473)
Mortgage and other loans receivable, net	[1]	52,475	51,553
Commercial mortgages
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable		38,478	38,009
Allowance for credit losses		(784)	(752)	$ (706)	$ (640)
Off-balance-sheet commitments		55	67	62
Loans on nonacrrual status		656	492
Accrued interest receivable		$ 187	$ 183
Commercial mortgages | 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%	18%
Commercial mortgages | Geographic Concentration Risk | Interest on mortgage and other loans | California
Composition of Mortgages and other loans receivable
Percentage of mortgage loans in geographic area		10%	11%
Residential mortgages
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable		$ 9,241	$ 8,689
Loans on nonacrrual status		32	27
Accrued interest receivable		34	20
Life insurance policy loans
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable		1,753	1,753
Commercial loans, other loans and notes receivable
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable		3,869	3,940
Excluding AIGFP Operating
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable		53,341	52,391
Allowance for credit losses		(866)	(838)	$ (786)	$ (716)
Mortgage and other loans receivable, net		52,475	51,553
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) - Commercial mortgages $ in Millions	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	$ 749	$ 2,850
Prior year	2,808	7,408
Two years prior	7,569	3,923
Three years prior	4,105	1,756
Four years prior	1,780	5,146
Five years & beyond prior	21,467	16,926
Total	$ 38,478	$ 38,009
Weighted average debt service coverage ratio	1.9	1.9
Weighted average loan-to-value ratio (as a percent)	60%	60%
Less than 65%
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	$ 749	$ 2,446
Prior year	2,520	4,629
Two years prior	4,716	2,741
Three years prior	2,858	1,303
Four years prior	1,329	2,832
Five years & beyond prior	13,730	11,571
Total	25,902	25,522
65% to 75%
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	0	290
Prior year	288	1,763
Two years prior	2,225	794
Three years prior	798	288
Four years prior	286	1,937
Five years & beyond prior	5,204	3,220
Total	8,801	8,292
76% to 80%
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	0	0
Prior year	0	375
Two years prior	0	99
Three years prior	99	0
Four years prior	0	377
Five years & beyond prior	836	340
Total	935	1,191
Greater than 80%
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	0	114
Prior year	0	641
Two years prior	628	289
Three years prior	350	165
Four years prior	165	0
Five years & beyond prior	1,697	1,795
Total	2,840	3,004
Greater than 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	659	2,555
Prior year	2,388	6,209
Two years prior	6,371	2,349
Three years prior	2,577	1,387
Four years prior	1,412	4,969
Five years & beyond prior	17,872	13,459
Total	31,279	30,928
1.00 - 1.20X
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	90	295
Prior year	420	1,149
Two years prior	1,148	1,574
Three years prior	1,528	369
Four years prior	368	177
Five years & beyond prior	2,773	2,632
Total	6,327	6,196
Less than 1.00X
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	0	0
Prior year	0	50
Two years prior	50	0
Three years prior	0	0
Four years prior	0	0
Five years & beyond prior	822	835
Total	$ 872	$ 885

Lending Activities - Credit Q_2

Lending Activities - Credit Quality Performance Indicators for Commercial Mortgages (Details) $ in Millions	Mar. 31, 2024 USD ($) loan	Dec. 31, 2023 USD ($) loan	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Allowance for credit losses	$ 38,501	$ 38,473
Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	614	612
Total	$ 38,478	$ 38,009
Allowance for credit losses	$ 784	$ 752	$ 706	$ 640
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	610	610
Total	$ 38,147	$ 37,937
Percent of Total	99%	100%
Commercial mortgage loans | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	2	1
Total	$ 261	$ 29
Percent of Total	1%	0%
Commercial mortgage loans | >90 days delinquent or in process of foreclosure
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	2	1
Total	$ 70	$ 43
Percent of Total	0%	0%
Commercial mortgage loans | Apartments
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 15,268	$ 15,129
Allowance for credit losses	82	94
Commercial mortgage loans | Apartments | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	15,268	15,129
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
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0	0
Commercial mortgage loans | Offices
Financing Receivable, Credit Quality Indicator [Line Items]
Total	9,663	9,708
Allowance for credit losses	441	415
Commercial mortgage loans | Offices | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	9,573	9,679
Commercial mortgage loans | Offices | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	61	29
Commercial mortgage loans | Offices | 90 days or less delinquent | Fortitude RE Funds Withheld Assets
Financing Receivable, Credit Quality Indicator [Line Items]
Total	61
Commercial mortgage loans | Offices | >90 days delinquent or in process of foreclosure
Financing Receivable, Credit Quality Indicator [Line Items]
Total	29	0
Commercial mortgage loans | Retail
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,413	4,306
Allowance for credit losses	113	109
Commercial mortgage loans | Retail | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	4,172	4,263
Commercial mortgage loans | Retail | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	200	0
Commercial mortgage loans | Retail | 90 days or less delinquent | Fortitude RE Funds Withheld Assets
Financing Receivable, Credit Quality Indicator [Line Items]
Total	20
Commercial mortgage loans | Retail | >90 days delinquent or in process of foreclosure
Financing Receivable, Credit Quality Indicator [Line Items]
Total	41	43
Commercial mortgage loans | Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total	6,572	6,367
Allowance for credit losses	98	90
Commercial mortgage loans | Industrial | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	6,572	6,367
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
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0	0
Commercial mortgage loans | Hotel
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,039	2,053
Allowance for credit losses	43	38
Commercial mortgage loans | Hotel | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,039	2,053
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
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0	0
Commercial mortgage loans | Others
Financing Receivable, Credit Quality Indicator [Line Items]
Total	523	446
Allowance for credit losses	7	6
Commercial mortgage loans | Others | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	523	446
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
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	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	$ 322	$ 1,950
Prior year	2,211	1,492
Two years prior	1,417	2,969
Three years prior	2,996	841
Four years prior	849	389
Five years & beyond prior	1,446	1,048
Total	9,241	8,689
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,300	1,700
780 and greater
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	55	514
Prior year	699	589
Two years prior	594	2,283
Three years prior	2,295	622
Four years prior	643	240
Five years & beyond prior	845	608
Total	5,131	4,856
720 - 779
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	198	1,121
Prior year	1,134	625
Two years prior	539	560
Three years prior	543	169
Four years prior	151	99
Five years & beyond prior	345	243
Total	2,910	2,817
660 - 719
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	69	313
Prior year	364	257
Two years prior	232	113
Three years prior	131	40
Four years prior	40	37
Five years & beyond prior	168	128
Total	1,004	888
600 - 659
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	0	2
Prior year	12	20
Two years prior	34	11
Three years prior	18	8
Four years prior	10	9
Five years & beyond prior	59	53
Total	133	103
Less than 600
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	0	0
Prior year	2	1
Two years prior	18	2
Three years prior	9	2
Four years prior	5	4
Five years & beyond prior	29	16
Total	$ 63	$ 25

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
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of period	$ 38,473
Allowance, end of period	38,501
Commercial mortgage loans
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of period	752	$ 640
Loans charged off	0	0
Net charge-offs	0	0
Addition to (release of) allowance for loan losses	32	66
Allowance, end of period	784	706
Off-balance-sheet commitments	55	62	$ 67
Other loans
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of period	86	76
Loans charged off	(6)	0
Net charge-offs	(6)	0
Addition to (release of) allowance for loan losses	2	4
Allowance, end of period	82	80
Excluding AIGFP Operating
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of period	838	716
Loans charged off	(6)	0
Net charge-offs	(6)	0
Addition to (release of) allowance for loan losses	34	70
Allowance, end of period	$ 866	$ 786

Lending Activities - Loan Modif

Lending Activities - Loan Modifications (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Allowance for losses on Mortgage and other loans receivable
Weighted average term increase from modification (less than)	1 year
Other loans
Allowance for losses on Mortgage and other loans receivable
Financing receivable, modified loans to percent of two portfolio segments (as a percent) (less than)	4%
Commercial mortgage loans
Allowance for losses on Mortgage and other loans receivable
Financing receivable, modified loans to percent of two portfolio segments (as a percent) (less than)	1%
Commercial Mortgage Loans | Extended Maturity
Allowance for losses on Mortgage and other loans receivable
Amortized cost	$ 17
Commercial loans, other loans, and notes receivable | Extended Maturity
Allowance for losses on Mortgage and other loans receivable
Amortized cost		$ 168

Reinsurance - Narrative (Detail

Reinsurance - Narrative (Details) - USD ($) $ in Billions	Mar. 31, 2024	Dec. 31, 2023
Effects of Reinsurance [Line Items]
Reinsurance recoverables	$ 71.1	$ 69.8
Investment Grade
Effects of Reinsurance [Line Items]
Reinsurance recoverable (as a percent)	90%	90%
Non-Investment Grade
Effects of Reinsurance [Line Items]
Reinsurance recoverable (as a percent)	9%	9%
Non-Investment Grade | Captive Insurers
Effects of Reinsurance [Line Items]
Reinsurance recoverable (as a percent)	82%	83%
Not Rated
Effects of Reinsurance [Line Items]
Reinsurance recoverable (as a percent)	1%	1%
Legacy Life And Retirement Run Off Lines Segment Member
Effects of Reinsurance [Line Items]
Ceded reserves	$ 26.9
Legacy General Insurance Run Off Lines Member
Effects of Reinsurance [Line Items]
Ceded reserves	$ 2.9
General Insurance | Investment Grade
Effects of Reinsurance [Line Items]
Reinsurance recoverable (as a percent)	49%	51%
Life and Retirement | Investment Grade
Effects of Reinsurance [Line Items]
Reinsurance recoverable (as a percent)	41%	39%

Reinsurance - Summary of the Co

Reinsurance - Summary of the Composition of Pool of Assets (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Effects of Reinsurance [Line Items]
Bonds available for sale	[1]	$ 232,487		$ 231,733
Fixed maturity securities - fair value option	[1]	5,403		5,241
Real estate investments		2,159		2,237
Private equity funds / hedge funds		11,195		11,320
Short-term investments	[1]	15,077		17,200
Other assets	[1]	12,313		13,089
Total assets		544,121		539,306
Carrying Value
Effects of Reinsurance [Line Items]
Short-term investments		6,590		6,428
Other assets		43		45
Commercial mortgage loans
Effects of Reinsurance [Line Items]
Loans		38,478		38,009
Policy loans
Effects of Reinsurance [Line Items]
Loans		1,753		1,753
Fortitude Holdings
Effects of Reinsurance [Line Items]
Change in net unrealized gains (losses), gross		(163)	$ 704
Change in net unrealized gains (losses), net of tax		(128)	$ 556
Derivative asset, Fair value of collateral		17		63
Derivative liability, Fair value of collateral		27		34
Fortitude Holdings | Carrying Value
Effects of Reinsurance [Line Items]
Bonds available for sale		16,726		17,384
Fixed maturity securities - fair value option		5,035		4,867
Real estate investments		175		184
Private equity funds / hedge funds		1,920		1,910
Short-term investments		178		176
Funds withheld investment assets		28,241		28,772
Derivative assets, net		14		45
Other assets		675		758
Total assets		28,930		29,575
Fortitude Holdings | Estimated Fair Value
Effects of Reinsurance [Line Items]
Bonds available for sale		16,726		17,384
Fixed maturity securities - fair value option		5,035		4,867
Real estate investments		302		329
Private equity funds / hedge funds		1,920		1,910
Short-term investments		178		176
Funds withheld investment assets		28,100		28,681
Derivative assets, net		14		45
Other assets, fair value		675		758
Total		28,789		29,484
Fortitude Holdings | Commercial mortgage loans | Carrying Value
Effects of Reinsurance [Line Items]
Loans		3,882		3,921
Fortitude Holdings | Commercial mortgage loans | Estimated Fair Value
Effects of Reinsurance [Line Items]
Loans, fair value		3,614		3,685
Fortitude Holdings | Policy loans | Carrying Value
Effects of Reinsurance [Line Items]
Loans		325		330
Fortitude Holdings | Policy loans | Estimated Fair Value
Effects of Reinsurance [Line Items]
Loans, fair value		$ 325		$ 330
[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
	Mar. 31, 2024	Mar. 31, 2023
Effects of Reinsurance [Line Items]
Total net investment income	$ 3,904	$ 3,533
Net realized gains (losses)	(424)	(1,909)
Income (loss) from continuing operations before income tax expense (benefit)	2,051	(231)
Income tax expense (benefit)	451	(144)
Net income (loss)	1,600	(87)
Change in unrealized depreciation of all other investments	(403)	112
Comprehensive income (loss)	543	3,826
Fortitude Re funds withheld assets
Effects of Reinsurance [Line Items]
Total net investment income	369	446
Fortitude Holdings
Effects of Reinsurance [Line Items]
Total net investment income	369	446
Net realized gains (losses)	(166)	(1,196)
Income (loss) from continuing operations before income tax expense (benefit)	203	(750)
Income tax expense (benefit)	43	(158)
Net income (loss)	160	(592)
Comprehensive income (loss)	32	(36)
Fortitude Holdings | Fortitude Re funds withheld assets
Effects of Reinsurance [Line Items]
Net realized gains (losses)	(179)	(31)
Fortitude Holdings | Fortitude Re funds withheld assets | Embedded derivatives
Effects of Reinsurance [Line Items]
Net realized gains (losses)	13	(1,165)
Fortitude Holdings | Other investments
Effects of Reinsurance [Line Items]
Change in unrealized depreciation of all other investments	$ (128)	$ 556

Reinsurance - Rollforward of th

Reinsurance - Rollforward of the Reinsurance Recoverable Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Reinsurance Recoverable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 285	$ 344
Addition to (release of) allowance for expected credit losses and disputes, net	(9)	(13)
Write-offs charged against the allowance for credit losses and disputes	(3)	(1)
Other changes	0	(3)
Balance, end of period	273	327
General Insurance
Reinsurance Recoverable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	255	260
Addition to (release of) allowance for expected credit losses and disputes, net	1	(3)
Write-offs charged against the allowance for credit losses and disputes	(1)	(1)
Other changes	0	(3)
Balance, end of period	255	253
Life and Retirement
Reinsurance Recoverable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	30	84
Addition to (release of) allowance for expected credit losses and disputes, net	(10)	(10)
Write-offs charged against the allowance for credit losses and disputes	(2)	0
Other changes	0	0
Balance, end of period	$ 18	$ 74

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs - Rollforward of DAC (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of year	$ 12,085	$ 12,857
Capitalization	1,221	1,689
Amortization expense	(1,104)	(1,293)
Other, including foreign exchange	(63)	51
Reclassified to held for sale	(28)
Balance, end of year	12,111	13,304
General Insurance
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of year	2,075	2,310
Capitalization	882	1,358
Amortization expense	(828)	(1,034)
Other, including foreign exchange	(56)	40
Reclassified to held for sale	(1)
Balance, end of year	2,072	2,674
Life and Retirement | Individual Retirement
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of year	4,735	4,597
Capitalization	170	187
Amortization expense	(148)	(137)
Other, including foreign exchange	0	0
Reclassified to held for sale	0
Balance, end of year	4,757	4,647
Life and Retirement | Group Retirement
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of year	1,056	1,060
Capitalization	22	20
Amortization expense	(21)	(21)
Other, including foreign exchange	0	0
Reclassified to held for sale	0
Balance, end of year	1,057	1,059
Life and Retirement | Life Insurance
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of year	4,149	4,839
Capitalization	134	120
Amortization expense	(104)	(99)
Other, including foreign exchange	(7)	11
Reclassified to held for sale	(27)
Balance, end of year	4,145	4,871
Life and Retirement | Institutional Markets
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of year	70	51
Capitalization	13	4
Amortization expense	(3)	(2)
Other, including foreign exchange	0	0
Reclassified to held for sale	0
Balance, end of year	$ 80	$ 53

Deferred Policy Acquisition C_4

Deferred Policy Acquisition Costs - Rollforward of DSI (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Movement in Deferred Sales Inducements [Roll Forward]
Other assets, excluding DSI	$ 11,800	$ 12,400
Life and Retirement
Movement in Deferred Sales Inducements [Roll Forward]
Balance, beginning of year	497	558
Capitalization	1	2
Amortization expense	(16)	(17)
Balance, end of period	482	543
Life and Retirement | Individual Retirement
Movement in Deferred Sales Inducements [Roll Forward]
Balance, beginning of year	333	381
Capitalization	1	2
Amortization expense	(13)	(14)
Balance, end of period	321	369
Life and Retirement | Group Retirement
Movement in Deferred Sales Inducements [Roll Forward]
Balance, beginning of year	164	177
Capitalization	0	0
Amortization expense	(3)	(3)
Balance, end of period	$ 161	$ 174

Variable Interest Entities - Co

Variable Interest Entities - Consolidated VIEs (Details) - USD ($) $ in Millions		Mar. 31, 2024		Dec. 31, 2023		Mar. 31, 2023
Assets:
Bonds available for sale	[1]	$ 232,487		$ 231,733
Other bond securities	[1]	5,403		5,241
Equity securities	[1]	797		728
Mortgage and other loans receivable	[1]	52,475		51,553
Other invested assets	[1]	15,977		16,217
Short-term investments	[1]	15,077		17,200
Cash		1,816	[1]	2,155	[1]	$ 1,923
Accrued investment income	[1]	2,698		2,588
Other assets	[1]	12,313		13,089
Total assets		544,121		539,306
Liabilities:
Other	[1]	28,245		25,958
Total liabilities		495,011		488,005
Real Estate and Investment Entities
Liabilities:
Off-balance sheet exposure associated with VIEs		1,800		1,900
Real Estate and Investment Entities | External parties
Liabilities:
Off-balance sheet exposure associated with VIEs		500		400
Consolidated VIE
Assets:
Bonds available for sale		193		184
Other bond securities		46		45
Equity securities		19		8
Mortgage and other loans receivable		1,993		2,063
Short-term investments		161		135
Cash		54		61
Accrued investment income		8		9
Other assets		89		96
Total assets		6,512		6,784
Liabilities:
Debt of consolidated investment entities		2,133		2,200
Other		103		83
Total liabilities		2,236		2,283
Consolidated VIE | Alternative investments
Assets:
Other invested assets		2,536		2,695
Consolidated VIE | Investment real estate
Assets:
Other invested assets		1,413		1,488
Consolidated VIE | Real Estate and Investment Entities
Assets:
Bonds available for sale		39		36
Other bond securities		46		45
Equity securities		19		8
Mortgage and other loans receivable		0		0
Short-term investments		157		125
Cash		54		61
Accrued investment income		2		2
Other assets		80		94
Total assets		4,346		4,554
Liabilities:
Debt of consolidated investment entities		1,019		1,094
Other		70		82
Total liabilities		1,089		1,176
Consolidated VIE | Real Estate and Investment Entities | Alternative investments
Assets:
Other invested assets		2,536		2,695
Consolidated VIE | Real Estate and Investment Entities | Investment real estate
Assets:
Other invested assets		1,413		1,488
Consolidated VIE | Securitization Vehicles
Assets:
Bonds available for sale		154		148
Other bond securities		0		0
Equity securities		0		0
Mortgage and other loans receivable		1,993		2,063
Short-term investments		4		10
Cash		0		0
Accrued investment income		6		7
Other assets		9		2
Total assets		2,166		2,230
Liabilities:
Debt of consolidated investment entities		1,114		1,106
Other		33		1
Total liabilities		1,147		1,107
Consolidated VIE | Securitization Vehicles | Alternative investments
Assets:
Other invested assets		0		0
Consolidated VIE | Securitization Vehicles | Investment real estate
Assets:
Other invested assets		$ 0		$ 0
[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		Mar. 31, 2024	Dec. 31, 2023
VARIABLE INTEREST ENTITY
Maximum exposure to loss, On-Balance Sheet		$ 544,121	$ 539,306
Other investments	[1]	15,977	16,217
Unconsolidated VIE
VARIABLE INTEREST ENTITY
Total VIE Assets		547,039	529,080
Maximum exposure to loss, On-Balance Sheet		9,284	9,183
Maximum exposure to loss, Off-Balance Sheet		4,314	4,468
Exposure to loss		13,598	13,651
Other investments		9,200	9,100
Unconsolidated VIE | AIG Financial Products
VARIABLE INTEREST ENTITY
Total VIE Assets		1,948	1,971
Maximum exposure to loss, Off-Balance Sheet		1,918	1,941
Unconsolidated VIE | Real Estate and Investment Entities
VARIABLE INTEREST ENTITY
Total VIE Assets		546,012	528,053
Maximum exposure to loss, On-Balance Sheet		9,226	9,125
Maximum exposure to loss, Off-Balance Sheet		3,566	3,720
Exposure to loss		12,792	12,845
Unconsolidated VIE | Other Investment Companies
VARIABLE INTEREST ENTITY
Total VIE Assets		1,027	1,027
Maximum exposure to loss, On-Balance Sheet		58	58
Maximum exposure to loss, Off-Balance Sheet		748	748
Exposure to loss		$ 806	$ 806
[1] See Note 10 for details of balances associated with variable interest entities.

Derivatives and Hedge Account_3

Derivatives and Hedge Accounting - Notional Amounts and Fair Values of Derivative Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Gross Derivative Assets
Notional Amount	$ 201,538	$ 184,921
Fair Value	7,722	6,595
Counterparty netting	(4,545)	(3,864)
Cash Collateral	(2,601)	(2,220)
Total derivative assets	576	511
Gross Derivative Liabilities
Notional Amount	57,973	69,672
Fair Value	5,272	5,309
Counterparty netting	(4,545)	(3,864)
Cash Collateral	(326)	(1,050)
Total derivative liabilities on consolidated balance sheet	401	395
Bifurcated embedded derivatives assets, fair value	1,400	1,200
Bifurcated embedded derivative liabilities, fair value	8,700	8,000
Derivatives designated as hedging instruments | Interest rate contracts
Gross Derivative Assets
Notional Amount	577	1,863
Fair Value	208	230
Gross Derivative Liabilities
Notional Amount	2,638	752
Fair Value	50	17
Derivatives designated as hedging instruments | Foreign exchange contracts
Gross Derivative Assets
Notional Amount	5,627	3,847
Fair Value	385	416
Gross Derivative Liabilities
Notional Amount	1,932	6,402
Fair Value	204	336
Derivatives not designated as hedging instruments | Interest rate contracts
Gross Derivative Assets
Notional Amount	52,800	42,549
Fair Value	3,276	3,056
Gross Derivative Liabilities
Notional Amount	36,050	42,466
Fair Value	3,329	3,614
Derivatives not designated as hedging instruments | Foreign exchange contracts
Gross Derivative Assets
Notional Amount	14,993	8,803
Fair Value	851	820
Gross Derivative Liabilities
Notional Amount	6,430	9,900
Fair Value	423	558
Derivatives not designated as hedging instruments | Equity contracts
Gross Derivative Assets
Notional Amount	80,551	81,110
Fair Value	2,878	2,019
Gross Derivative Liabilities
Notional Amount	10,368	9,595
Fair Value	1,229	745
Derivatives not designated as hedging instruments | Credit contracts
Gross Derivative Assets
Notional Amount	3,808	2,109
Fair Value	111	41
Gross Derivative Liabilities
Notional Amount	508	509
Fair Value	36	37
Derivatives not designated as hedging instruments | Credit contracts | CDS
Gross Derivative Liabilities
Notional Amount	49	50
Fair Value	33	32
Derivatives not designated as hedging instruments | Other contracts
Gross Derivative Assets
Notional Amount	43,182	44,640
Fair Value	13	13
Gross Derivative Liabilities
Notional Amount	47	48
Fair Value	$ 1	$ 2

Derivatives and Hedge Account_4

Derivatives and Hedge Accounting - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Credit derivatives:
Collateral posted	$ 1,400		$ 1,900
Collateral obtained from third parties for derivative transactions	3,200		2,800
Foreign currency translation gain (loss) adjustment related to net investment hedge relationships	25	$ (25)
Par value of hybrid securities	42		42
Maximum
Credit derivatives:
Fair value of hybrid securities	1		1
Credit Risk Related Contingent Features
Credit derivatives:
Collateral posted	33		34
Additional collateral postings and termination payments	6
Aggregate fair value of net liability position	$ 32		$ 32

Derivatives and Hedge Account_5

Derivatives and Hedge Accounting - Fair Value Hedging Relationships (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
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
Derivatives designated as hedging instruments | Fair value hedging | Interest rate contracts
Derivative instruments gain (loss):
Gains/(losses) recognized in earnings on hedging derivatives	$ (62)	$ 43
Gains/(losses) recognized in earnings for excluded components	0	0
Gains/(losses) recognized in earnings for hedged items	64	(47)
Net Impact	2	(4)
Derivatives designated as hedging instruments | Fair value hedging | Foreign exchange contracts
Derivative instruments gain (loss):
Gains/(losses) recognized in earnings on hedging derivatives	88	(130)
Gains/(losses) recognized in earnings for excluded components	(18)	76
Gains/(losses) recognized in earnings for hedged items	(88)	130
Net Impact	$ (18)	$ 76

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
	Mar. 31, 2024	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ (539)	$ (1,610)
AIG Life
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	5	5
Policy fees
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	15	16
Net investment income - excluding Fortitude Re funds withheld assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ 0	$ 0
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net Investment Income	Net Investment Income
Net Investment Income - Fortitude Re Funds Withheld Assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ 6	$ (2)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	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	$ 220	$ (391)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total net realized losses	Total net realized losses
Net Realized Gains (Losses) On Fortitude Re funds Withheld Assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ (77)	$ (1,127)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total net realized losses	Total net realized losses
Policyholder benefits and claims incurred
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ (3)	$ 3
Change in the fair value of market risk benefits, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	(700)	(109)
Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	(289)	95
Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	71	(101)
Equity contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	189	(78)
Commodity contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	0	7
Credit contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	23	(1)
Other contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	16	16
Embedded derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ (549)	$ (1,548)

Insurance Liabilities - Narrati

Insurance Liabilities - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Jan. 20, 2017
Liability for Future Policy Benefit, by Product Segment [Line Items]
Contractual deductible recoverable amount	$ 12,500		$ 12,100
Collateral held for deductible recoverable amounts	8,800		8,700
Liability for unpaid losses and loss adjustment expenses, allowance for credit losses	14		14
Favorable prior year loss development	0	$ 27
Net loss reserve discount	$ 1,212		1,233
Tabular discount rate (as a percent)	45%
Workers compensation tabular discount amount	$ 293		294
Workers compensation non tabular discount amount	919		$ 939
Net loss reserve discount charge	$ (76)	(64)
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	$ 27	53
Term Life Insurance
Liability for Future Policy Benefit, by Product Segment [Line Items]
(Decrease) increase in reserves	$ (1)	$ 7
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

Insurance Liabilities - Liabili

Insurance Liabilities - Liability for Unpaid Losses and Loss Adjustment Expenses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Reconciliation of activity in the Liability for unpaid claims and claims adjustment expense:
Liability for unpaid loss and loss adjustment expenses, beginning of year	$ 70,393	$ 75,167
Reinsurance recoverable	(30,289)	(32,102)
Net Liability for unpaid loss and loss adjustment expenses, beginning of year	40,104	43,065
Losses and loss adjustment expenses incurred:
Current year	3,365	3,784
Prior years, excluding discount and amortization of deferred gain	0	(27)
Prior years, discount charge (benefit)	106	94
Prior years, amortization of deferred gain on retroactive reinsurance	(32)	(60)
Total losses and loss adjustment expenses incurred	3,439	3,791
Losses and loss adjustment expenses paid:
Current year	(286)	(289)
Prior years	(2,857)	(3,549)
Total losses and loss adjustment expenses paid	(3,143)	(3,838)
Other changes:
Foreign exchange effect	(496)	397
Retroactive reinsurance adjustment (net of discount)	(8)	12
Reclassified to held for sale, net of reinsurance recoverables	(5)	0
Total other changes	(509)	409
Net liability for unpaid losses and loss adjustment expenses	39,891	43,427
Reinsurance recoverable	30,169	32,366
Total	70,060	75,793
Change in discount on loss reserves ceded under retroactive reinsurance	55	70
National Indemnity Company
Losses and loss adjustment expenses incurred:
Prior years, amortization of deferred gain on retroactive reinsurance	$ 5	$ 7

Insurance Liabilities - Discoun

Insurance Liabilities - Discounting of Reserves (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Discounting of Reserves [Line Items]
U.S. workers' compensation	$ 2,261,000,000	$ 2,337,000,000
Retroactive reinsurance	(1,049,000,000)	(1,104,000,000)
Total reserve discount	1,212,000,000	1,233,000,000
Fortitude RE
Discounting of Reserves [Line Items]
Total reserve discount	$ 680,000,000	$ 687,000,000
Discount ceded on sale (as a percent)	100%	100%
United Kingdom
Discounting of Reserves [Line Items]
Total reserve discount	$ 194,000,000	$ 196,000,000

Insurance Liabilities - Net Los

Insurance Liabilities - Net Loss Reserve Discount Benefit (Charge) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net Loss Reserve Discount Benefit (Charge) [Line Items]
Current accident year	$ 30	$ 30
Accretion and other adjustments to prior year discount	(106)	(94)
Net reserve discount benefit (charge)	(76)	(64)
Change in discount on loss reserves ceded under retroactive reinsurance	55	70
Net change in total reserve discount	(21)	6
United Kingdom
Net Loss Reserve Discount Benefit (Charge) [Line Items]
Net change in total reserve discount	$ (2)	$ 4

Insurance Liabilities - Balance

Insurance Liabilities - Balances of Changes in Liability for Future Policy Benefits (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, beginning of year	$ 11,054	$ 14,574
Effect of changes in discount rate assumptions (AOCI)	(1,865)	(2,200)
Reclassified to Liabilities held for sale	(4,247)		$ (4,287)
Beginning balance at original discount rate	17,206	16,774
Effect of changes in experience			(15)	$ 6
Adjusted beginning of year balance	17,191	16,780
Issuances	384	364
Interest accrual	139	129
Net premium collected	(548)	(446)
Foreign exchange impact	(137)	88
Other	(4)	3
Ending balance at original discount rate	17,025	16,918
Effect of changes in discount rate assumptions (AOCI)	(1,961)	(2,049)
Balance, end of period	10,817	14,869
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	60,386	57,886
Effect of changes in discount rate assumptions (AOCI)	5,658	7,672
Reclassified to Liabilities held for sale	(5,078)		(5,119)
Beginning balance at original discount rate	71,163	65,558
Effect of actual variances from expected experience			(25)	15
Adjusted beginning of year balance	71,138	65,573
Issuances	2,149	1,879
Interest accrual	737	648
Benefit payments	(1,292)	(1,182)
Foreign exchange impact	(262)	392
Other	(6)	(2)
Ending balance at original discount rate	72,464	67,308
Effect of changes in discount rate assumptions (AOCI)	6,982	6,470
Ending balance	60,404	60,838
Net liability for future policy benefits, end of period	49,587	45,969
Liability for future policy benefits for certain participating contracts	1,302	1,340
Liability for universal life policies with secondary guarantees and similar features	3,972	3,512
Deferred profit liability	2,553	2,396
Other reconciling items	1,571	1,629
Future policy benefits for life and accident and health insurance contracts	58,985	54,846	58,576
Less: Reinsurance recoverable	(22,898)	(24,266)
Liability for future policy benefits, end of period, net of Reinsurance recoverable	36,087	30,580
General Insurance
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, beginning of year	1,702	1,929
Effect of changes in discount rate assumptions (AOCI)	(339)	(262)
Reclassified to Liabilities held for sale	0		0
Beginning balance at original discount rate	2,041	2,191
Effect of changes in experience			(2)	(10)
Adjusted beginning of year balance	2,039	2,181
Issuances	31	36
Interest accrual	11	11
Net premium collected	(138)	(57)
Foreign exchange impact	(91)	(8)
Other	0	0
Ending balance at original discount rate	1,852	2,163
Effect of changes in discount rate assumptions (AOCI)	(283)	(353)
Balance, end of period	1,569	1,810
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	2,149	2,380
Effect of changes in discount rate assumptions (AOCI)	441	362
Reclassified to Liabilities held for sale	0		0
Beginning balance at original discount rate	2,590	2,742
Effect of actual variances from expected experience			(2)	(2)
Adjusted beginning of year balance	2,588	2,740
Issuances	32	36
Interest accrual	13	13
Benefit payments	(141)	(60)
Foreign exchange impact	(119)	(10)
Other	0	0
Ending balance at original discount rate	2,373	2,719
Effect of changes in discount rate assumptions (AOCI)	374	457
Ending balance	1,999	2,262
Net liability for future policy benefits, end of period	$ 430	$ 452
Weighted average liability duration of the liability for future policy benefits (in years)	9 years 1 month 6 days	10 years
Life and Retirement | 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
Reclassified to Liabilities held for sale	0		0
Beginning balance at original discount rate	0	0
Effect of changes in experience			0	1
Adjusted beginning of year balance	0	1
Issuances	0	6
Interest accrual	0	0
Net premium collected	0	(7)
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
Balance, end of period	0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	1,353	1,223
Effect of changes in discount rate assumptions (AOCI)	132	167
Reclassified to Liabilities held for sale	0		0
Beginning balance at original discount rate	1,485	1,390
Effect of actual variances from expected experience			(6)	(3)
Adjusted beginning of year balance	1,479	1,387
Issuances	34	70
Interest accrual	16	12
Benefit payments	(33)	(32)
Foreign exchange impact	0	0
Other	0	0
Ending balance at original discount rate	1,496	1,437
Effect of changes in discount rate assumptions (AOCI)	153	141
Ending balance	1,343	1,296
Net liability for future policy benefits, end of period	$ 1,343	$ 1,296
Weighted average liability duration of the liability for future policy benefits (in years)	7 years 8 months 12 days	7 years 8 months 12 days
Life and Retirement | 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
Reclassified to Liabilities held for sale	0		0
Beginning balance at original discount rate	0	0
Effect of changes in 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
Balance, end of period	0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	217	211
Effect of changes in discount rate assumptions (AOCI)	(3)	2
Reclassified to Liabilities held for sale	0		0
Beginning balance at original discount rate	214	213
Effect of actual variances from expected experience			(1)	(1)
Adjusted beginning of year balance	213	212
Issuances	5	2
Interest accrual	3	3
Benefit payments	(7)	(7)
Foreign exchange impact	0	0
Other	0	0
Ending balance at original discount rate	214	210
Effect of changes in discount rate assumptions (AOCI)	0	(3)
Ending balance	214	213
Net liability for future policy benefits, end of period	$ 214	$ 213
Weighted average liability duration of the liability for future policy benefits (in years)	6 years 8 months 12 days	7 years 1 month 6 days
Life and Retirement | Life Insurance
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, beginning of year	$ 8,379	$ 11,654
Effect of changes in discount rate assumptions (AOCI)	(1,482)	(1,872)
Reclassified to Liabilities held for sale	(4,247)		(4,287)
Beginning balance at original discount rate	14,148	13,526
Effect of changes in experience			(13)	12
Adjusted beginning of year balance	14,135	13,538
Issuances	353	322
Interest accrual	117	106
Net premium collected	(381)	(352)
Foreign exchange impact	(46)	96
Other	(4)	3
Ending balance at original discount rate	14,174	13,713
Effect of changes in discount rate assumptions (AOCI)	(1,621)	(1,648)
Balance, end of period	8,306	12,065
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	17,531	21,179
Effect of changes in discount rate assumptions (AOCI)	2,745	3,424
Reclassified to Liabilities held for sale	(5,078)		(5,119)
Beginning balance at original discount rate	25,395	24,603
Effect of actual variances from expected experience			(7)	26
Adjusted beginning of year balance	25,388	24,629
Issuances	350	318
Interest accrual	236	224
Benefit payments	(458)	(476)
Foreign exchange impact	(61)	277
Other	(3)	1
Ending balance at original discount rate	25,452	24,973
Effect of changes in discount rate assumptions (AOCI)	3,149	3,081
Ending balance	17,225	21,892
Net liability for future policy benefits, end of period	$ 8,919	$ 9,827
Weighted average liability duration of the liability for future policy benefits (in years)	12 years 7 months 6 days	12 years 4 months 24 days
Life and Retirement | 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
Reclassified to Liabilities held for sale	0		0
Beginning balance at original discount rate	0	0
Effect of changes in 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
Balance, end of period	0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	18,482	12,464
Effect of changes in discount rate assumptions (AOCI)	1,906	2,634
Reclassified to Liabilities held for sale	0		0
Beginning balance at original discount rate	20,388	15,098
Effect of actual variances from expected experience			0	(5)
Adjusted beginning of year balance	20,388	15,093
Issuances	1,726	1,450
Interest accrual	217	139
Benefit payments	(283)	(228)
Foreign exchange impact	(82)	125
Other	0	0
Ending balance at original discount rate	21,966	16,579
Effect of changes in discount rate assumptions (AOCI)	2,347	2,302
Ending balance	19,619	14,277
Net liability for future policy benefits, end of period	$ 19,619	$ 14,277
Weighted average liability duration of the liability for future policy benefits (in years)	12 years 2 months 12 days	11 years 6 months
Life and Retirement | Other
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Balance, beginning of year	$ 973	$ 991
Effect of changes in discount rate assumptions (AOCI)	(44)	(66)
Reclassified to Liabilities held for sale	0		0
Beginning balance at original discount rate	1,017	1,057
Effect of changes in experience			0	3
Adjusted beginning of year balance	1,017	1,060
Issuances	0	0
Interest accrual	11	12
Net premium collected	(29)	(30)
Foreign exchange impact	0	0
Other	0	0
Ending balance at original discount rate	999	1,042
Effect of changes in discount rate assumptions (AOCI)	(57)	(48)
Balance, end of period	942	994
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	20,654	20,429
Effect of changes in discount rate assumptions (AOCI)	437	1,083
Reclassified to Liabilities held for sale	0		0
Beginning balance at original discount rate	21,091	21,512
Effect of actual variances from expected experience			$ (9)	$ 0
Adjusted beginning of year balance	21,082	21,512
Issuances	2	3
Interest accrual	252	257
Benefit payments	(370)	(379)
Foreign exchange impact	0	0
Other	(3)	(3)
Ending balance at original discount rate	20,963	21,390
Effect of changes in discount rate assumptions (AOCI)	959	492
Ending balance	20,004	20,898
Net liability for future policy benefits, end of period	$ 19,062	$ 19,904
Weighted average liability duration of the liability for future policy benefits (in years)	11 years 2 months 12 days	11 years 7 months 6 days

Insurance Liabilities - Expecte

Insurance Liabilities - Expected Future Benefits, Expenses, and Gross Premiums (Details) - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
General Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Undiscounted expected future benefits and expense	$ 2,911	$ 3,350
Undiscounted expected future gross premiums	4,002	4,616
Discounted expected future gross premiums (at current discount rate)	2,900
Individual Retirement
Liability for Future Policy Benefit, Activity [Line Items]
Undiscounted expected future benefits and expense	2,156	2,048
Undiscounted expected future gross premiums	0	0
Group Retirement
Liability for Future Policy Benefit, Activity [Line Items]
Undiscounted expected future benefits and expense	309	317
Undiscounted expected future gross premiums	0	0
Life Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Undiscounted expected future benefits and expense	40,741	39,028
Undiscounted expected future gross premiums	30,656	28,964
Discounted expected future gross premiums (at current discount rate)	20,000
Institutional Markets
Liability for Future Policy Benefit, Activity [Line Items]
Undiscounted expected future benefits and expense	42,519	29,029
Undiscounted expected future gross premiums	0	0
Other Operations
Liability for Future Policy Benefit, Activity [Line Items]
Undiscounted expected future benefits and expense	42,701	44,148
Undiscounted expected future gross premiums	2,106	$ 2,225
Discounted expected future gross premiums (at current discount rate)	$ 1,400

Insurance Liabilities - Income

Insurance Liabilities - Income Statement Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	$ 2,629	$ 2,386
Interest Accretion	598	518
Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	258	309
Interest Accretion	39	29
General Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	110	95
Interest Accretion	2	1
Individual Retirement
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	39	75
Interest Accretion	16	12
Group Retirement
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	5	6
Interest Accretion	3	3
Life Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	618	575
Interest Accretion	119	118
Life Insurance | Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	248	299
Interest Accretion	38	28
Institutional Markets
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	1,805	1,581
Interest Accretion	217	139
Other
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	52	54
Interest Accretion	241	245
Other | Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	10	10
Interest Accretion	$ 1	$ 1

Insurance Liabilities - Weighte

Insurance Liabilities - Weighted-Average Interest Rates (Details)	Mar. 31, 2024	Mar. 31, 2023
General Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rate, original discount rate	1.84%	1.78%
Weighted-average interest rate, current discount rate	3.70%	3.64%
Individual Retirement
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rate, original discount rate	3.79%	3.65%
Weighted-average interest rate, current discount rate	5.27%	5.33%
Group Retirement
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rate, original discount rate	5.13%	5.19%
Weighted-average interest rate, current discount rate	5.24%	4.91%
Life Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rate, original discount rate	4.12%	4.11%
Weighted-average interest rate, current discount rate	5.28%	5.08%
Life Insurance | Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rate, current discount rate	3.92%	3.76%
Institutional Markets
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rate, original discount rate	4.25%	3.76%
Weighted-average interest rate, current discount rate	5.19%	5.04%
Other
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rate, original discount rate	4.86%	4.88%
Weighted-average interest rate, current discount rate	5.32%	5.10%
Other | Universal Life
Liability for Future Policy Benefit, Activity [Line Items]
Weighted-average interest rate, current discount rate	4.20%	4.24%

Insurance Liabilities - Schedul

Insurance Liabilities - Schedule of Liabilities by Product (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Movement in Liability for Future Policy Benefits [Roll Forward]
Liability for future policy benefits, balance, beginning of year	$ 58,576
Effect of changes in experience			$ (15)	$ 6
Adjusted beginning balance			17,191	16,780
Interest accrual	139	$ 129
Other	(4)	3
Liability for future policy benefits, balance end of period	58,985	54,846
Less: Reinsurance recoverable	(22,898)	(24,266)
Liability for future policy benefits, end of period, net of Reinsurance recoverable	36,087	30,580
Universal Life
Movement in Liability for Future Policy Benefits [Roll Forward]
Liability for future policy benefits, balance, beginning of year	3,786	3,355
Effect of changes in experience			108	73
Adjusted beginning balance			3,894	3,428
Assessments	145	179
Excess benefits paid	(232)	(238)
Interest accrual	39	29
Other	0	(5)
Changes related to unrealized appreciation (depreciation) of investments	126	119
Liability for future policy benefits, balance end of period	3,972	3,512
Less: Reinsurance recoverable	(227)	(192)
Liability for future policy benefits, end of period, net of Reinsurance recoverable	3,745	3,320
Universal Life | Other Operations before consolidation and eliminations
Movement in Liability for Future Policy Benefits [Roll Forward]
Liability for future policy benefits, balance, beginning of year	55	55
Effect of changes in experience			(1)	(1)
Adjusted beginning balance			54	54
Assessments	0	0
Excess benefits paid	0	0
Interest accrual	1	1
Other	0	0
Changes related to unrealized appreciation (depreciation) of investments	0	0
Liability for future policy benefits, balance end of period	55	55
Less: Reinsurance recoverable	(55)	0
Liability for future policy benefits, end of period, net of Reinsurance recoverable	$ 0	$ 55
Weighted average liability duration of the liability for future policy benefits (in years)	9 years 1 month 6 days	9 years 4 months 24 days
Life and Retirement | Universal Life | Life Insurance | Reportable Segments
Movement in Liability for Future Policy Benefits [Roll Forward]
Liability for future policy benefits, balance, beginning of year	$ 3,731	$ 3,300
Effect of changes in experience			109	74
Adjusted beginning balance			$ 3,840	$ 3,374
Assessments	145	179
Excess benefits paid	(232)	(238)
Interest accrual	38	28
Other	0	(5)
Changes related to unrealized appreciation (depreciation) of investments	126	119
Liability for future policy benefits, balance end of period	3,917	3,457
Less: Reinsurance recoverable	(172)	(192)
Liability for future policy benefits, end of period, net of Reinsurance recoverable	$ 3,745	$ 3,265
Weighted average liability duration of the liability for future policy benefits (in years)	25 years 3 months 18 days	26 years 4 months 24 days

Insurance Liabilities - Summary

Insurance Liabilities - Summary of Separate Accounts (Details) - Universal Life - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Account value	$ 3,773	$ 3,556
Net amount at risk	$ 73,092	$ 70,014
Average attained age of contract holders	53 years	53 years

Insurance Liabilities - Balan_2

Insurance Liabilities - Balances and Changes in Policyholder Contract Deposits (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Policyholder Account Balance [Roll Forward]
Policyholder contract deposits	$ 163,698		$ 161,979
Life and Retirement
Policyholder Account Balance [Roll Forward]
Policyholder contract deposits account balance, beginning of year	165,033	$ 160,003	163,408	$ 158,494
Deposits	7,443	7,210
Policy charges	(717)	(771)
Surrenders and withdrawals	(7,191)	(5,666)
Benefit payments	(1,594)	(1,897)
Net transfers from (to) separate account	2,250	1,762
Interest credited	1,437	883
Other	(3)	(12)
Other reconciling items	(1,335)	(2,107)
Policyholder contract deposits	163,698	157,896
Cash surrender value	142,864	139,467
Life and Retirement | Individual Retirement
Policyholder Account Balance [Roll Forward]
Policyholder contract deposits account balance, beginning of year	96,288	91,070	94,896	89,554
Deposits	4,878	4,864
Policy charges	(186)	(244)
Surrenders and withdrawals	(4,600)	(3,171)
Benefit payments	(761)	(1,036)
Net transfers from (to) separate account	1,248	728
Interest credited	816	377
Other	(3)	(2)
Other reconciling items	(1,225)	(1,889)
Policyholder contract deposits	$ 95,063	$ 89,181
Weighted average crediting rate	2.86%	2.52%
Cash surrender value	$ 89,795	$ 84,906
Life and Retirement | Group Retirement
Policyholder Account Balance [Roll Forward]
Policyholder contract deposits account balance, beginning of year	40,895	42,903	41,299	43,395
Deposits	1,349	1,326
Policy charges	(122)	(110)
Surrenders and withdrawals	(2,466)	(2,016)
Benefit payments	(494)	(557)
Net transfers from (to) separate account	1,024	592
Interest credited	303	270
Other	2	3
Other reconciling items	(192)	(279)
Policyholder contract deposits	$ 40,703	$ 42,624
Weighted average crediting rate	3.05%	2.78%
Cash surrender value	$ 39,746	$ 41,361
Life and Retirement | Life Insurance
Policyholder Account Balance [Roll Forward]
Policyholder contract deposits account balance, beginning of year	10,241	10,220	10,231	10,224
Deposits	407	414
Policy charges	(377)	(384)
Surrenders and withdrawals	(73)	(56)
Benefit payments	(79)	(49)
Net transfers from (to) separate account	5	(1)
Interest credited	121	88
Other	6	(16)
Other reconciling items	134	116
Policyholder contract deposits	$ 10,375	$ 10,336
Weighted average crediting rate	4.39%	4.24%
Cash surrender value	$ 9,042	$ 8,874
Life and Retirement | Institutional Markets
Policyholder Account Balance [Roll Forward]
Policyholder contract deposits account balance, beginning of year	14,337	12,294	13,649	11,734
Deposits	798	595
Policy charges	(17)	(17)
Surrenders and withdrawals	(31)	(403)
Benefit payments	(181)	(167)
Net transfers from (to) separate account	(27)	443
Interest credited	157	105
Other	(11)	4
Other reconciling items	33	74
Policyholder contract deposits	$ 14,370	$ 12,368
Weighted average crediting rate	4.59%	3.55%
Cash surrender value	$ 2,585	$ 2,545
Life and Retirement | Other
Policyholder Account Balance [Roll Forward]
Policyholder contract deposits account balance, beginning of year	3,272	3,516	$ 3,333	$ 3,587
Deposits	11	11
Policy charges	(15)	(16)
Surrenders and withdrawals	(21)	(20)
Benefit payments	(79)	(88)
Net transfers from (to) separate account	0	0
Interest credited	40	43
Other	3	(1)
Other reconciling items	(85)	(129)
Policyholder contract deposits	$ 3,187	$ 3,387
Weighted average crediting rate	4.98%	4.95%
Cash surrender value	$ 1,696	$ 1,781
Life and Retirement | Other Operations
Policyholder Account Balance [Roll Forward]
Other reconciling items	$ (85)	$ (129)

Insurance Liabilities - Account

Insurance Liabilities - Account Balances by Guaranteed Minimum Interest Rates (Details) - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 100,906	$ 102,899
Account balance percentage	100%	100%
At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 53,230	$ 61,642
Account balance percentage	53%	60%
1 Basis Point - 50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 6,885	$ 7,399
Account balance percentage	7%	7%
More than 50 Basis Points Above Minimum Guarantee
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 40,791	$ 33,858
Account balance percentage	40%	33%
Individual Retirement
Policyholder Account Balance [Line Items]
Policyholder Account Balance	$ 57,354	$ 57,225
Individual Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range Less Than 1%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	36,370	33,601
Individual Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 1% To 2%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	5,067	6,181
Individual Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 2% To 3%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	9,071	9,546
Individual Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 3% To 4%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	6,383	7,405
Individual Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 4% To 5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	428	456
Individual Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 5% To 5.5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	35	36
Individual Retirement | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	24,258	28,768
Individual Retirement | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range Less Than 1%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	6,251	7,776
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	3,556	3,994
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	7,653	9,155
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	6,342	7,359
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	424	452
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	32
Individual Retirement | 1 Basis Point - 50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,985	2,627
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	1,917	2,562
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	21	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	1
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	36	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	31,111	25,830
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	28,202	23,263
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	1,490	2,163
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	1,407	390
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	5	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	4
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	36,427	38,324
Group Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range Less Than 1%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	11,700	10,825
Group Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 1% To 2%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	5,393	6,266
Group Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 2% To 3%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	12,011	13,601
Group Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 3% To 4%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	603	658
Group Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 4% To 5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	6,579	6,821
Group Retirement | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 5% To 5.5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	141	153
Group Retirement | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	24,739	28,261
Group Retirement | At Guaranteed Minimum | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range Less Than 1%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	2,133	2,063
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	3,597	5,005
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	11,686	13,561
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	603	658
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	6,579	6,821
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	141	153
Group Retirement | 1 Basis Point - 50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder Account Balance	3,236	3,661
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	1,895	2,713
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	1,126	908
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	215	40
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	8,452	6,402
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	7,672	6,049
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	670	353
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	110	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	7,125	7,350
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	475	480
Life Insurance | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 2% To 3%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,937	1,969
Life Insurance | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 3% To 4%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,679	1,733
Life Insurance | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 4% To 5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	2,820	2,946
Life Insurance | Policyholder Account Balance, Guaranteed Minimum Crediting Rate, Range From 5% To 5.5%
Policyholder Account Balance [Line Items]
Policyholder Account Balance	214	222
Life Insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder Account Balance	4,233	4,613
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	0
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	28
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	1,190	1,417
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	2,820	2,946
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	214	222
Life Insurance | 1 Basis Point - 50 Basis Points Above
Policyholder Account Balance [Line Items]
Policyholder Account Balance	1,664	1,111
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	110	131
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	1,072	862
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	482	118
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	1,228	1,626
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	365	349
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	856	1,079
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	7	198
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	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Other Policyholder Funds Rollforward [Roll Forward]
Balance, beginning of year	$ 1,865	$ 1,834
Revenue deferred	40	38
Amortization	(30)	(30)
Balance, end of period	1,875	1,842
Life Insurance
Other Policyholder Funds Rollforward [Roll Forward]
Balance, beginning of year	1,770	1,727
Revenue deferred	40	38
Amortization	(28)	(27)
Balance, end of period	1,782	1,738
Institutional Markets
Other Policyholder Funds Rollforward [Roll Forward]
Balance, beginning of year	1	2
Revenue deferred	0	0
Amortization	0	(1)
Balance, end of period	1	1
Other
Other Policyholder Funds Rollforward [Roll Forward]
Balance, beginning of year	94	105
Revenue deferred	0	0
Amortization	(2)	(2)
Balance, end of period	92	103
Other reconciling items	$ 1,400	$ 1,600

Insurance Liabilities - Sched_2

Insurance Liabilities - Schedule of Policyholder Contract Deposits (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Liability for Future Policy Benefit, by Product Segment [Line Items]
Policyholder contract deposits	$ 163,698	$ 161,979

Market Risk Benefits - Rollforw

Market Risk Benefits - Rollforward of Market Risk Benefits (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Market Risk Benefit [Roll Forward]
Balance, beginning of year	$ 4,870	$ 4,034
Balance, beginning of year, before effect of changes in our own credit risk	3,710	3,569
Issuances	133	200
Interest accrual	48	42
Attributed fees	189	252
Expected claims	(18)	(26)
Effect of changes in interest rates	(512)	524
Effect of changes in interest rate volatility	(14)	(77)
Effect of changes in equity markets	(579)	(427)
Effect of changes in equity index volatility	(15)	13
Actual outcome different from model expected outcome	(60)	73
Effect of changes in other future expected assumptions	(6)	(112)
Other, including foreign exchange	(2)	1
Balance, end of period, before effect of changes in our own credit risk	2,874	4,032
Effect of changes in our own credit risk	1,189	371	$ 1,160	$ 465
Balance, end of period	4,063	4,403
Less: Reinsured MRB, end of period	(68)	(89)
Net Liability Balance after reinsurance recoverable	3,995	4,314
Combined
Net amount at risk
Net amount at risk	589	1,757
GMDB
Net amount at risk
Net amount at risk	759	1,573
GMWB
Net amount at risk
Net amount at risk	140	68
Individual Retirement
Market Risk Benefit [Roll Forward]
Balance, beginning of year	4,562	3,738
Balance, beginning of year, before effect of changes in our own credit risk	3,490	3,297
Issuances	123	191
Interest accrual	45	38
Attributed fees	174	235
Expected claims	(18)	(25)
Effect of changes in interest rates	(474)	478
Effect of changes in interest rate volatility	(14)	(73)
Effect of changes in equity markets	(529)	(391)
Effect of changes in equity index volatility	(15)	16
Actual outcome different from model expected outcome	(63)	72
Effect of changes in other future expected assumptions	(5)	(94)
Other, including foreign exchange	0	1
Balance, end of period, before effect of changes in our own credit risk	2,714	3,745
Effect of changes in our own credit risk	1,100	339	1,072	441
Balance, end of period	3,814	4,084
Less: Reinsured MRB, end of period	(68)	(89)
Net Liability Balance after reinsurance recoverable	$ 3,746	$ 3,995
Net amount at risk
Average attained age of contract holders	71 years	71 years
Individual Retirement | Combined
Net amount at risk
Net amount at risk	$ 576	$ 1,726
Individual Retirement | GMDB
Net amount at risk
Net amount at risk	623	1,307
Individual Retirement | GMWB
Net amount at risk
Net amount at risk	128	63
Group Retirement
Market Risk Benefit [Roll Forward]
Balance, beginning of year	308	296
Balance, beginning of year, before effect of changes in our own credit risk	220	272
Issuances	10	9
Interest accrual	3	4
Attributed fees	15	17
Expected claims	0	(1)
Effect of changes in interest rates	(38)	46
Effect of changes in interest rate volatility	0	(4)
Effect of changes in equity markets	(50)	(36)
Effect of changes in equity index volatility	0	(3)
Actual outcome different from model expected outcome	3	1
Effect of changes in other future expected assumptions	(1)	(18)
Other, including foreign exchange	(2)	0
Balance, end of period, before effect of changes in our own credit risk	160	287
Effect of changes in our own credit risk	89	32	$ 88	$ 24
Balance, end of period	249	319
Less: Reinsured MRB, end of period	0	0
Net Liability Balance after reinsurance recoverable	$ 249	$ 319
Net amount at risk
Average attained age of contract holders	64 years	64 years
Group Retirement | Combined
Net amount at risk
Net amount at risk	$ 13	$ 31
Group Retirement | GMDB
Net amount at risk
Net amount at risk	136	266
Group Retirement | GMWB
Net amount at risk
Net amount at risk	$ 12	$ 5

Market Risk Benefits - Schedule

Market Risk Benefits - Schedule of market risk benefits (Details) - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Market Risk Benefit [Line Items]
Asset	$ 1,172	$ 830
Liability	5,167	5,144
Net	3,995	4,314
Individual Retirement
Market Risk Benefit [Line Items]
Asset	968	685
Liability	4,714	4,680
Net	3,746	3,995
Group Retirement
Market Risk Benefit [Line Items]
Asset	204	145
Liability	453	464
Net	$ 249	$ 319

Separate Account Assets and L_3

Separate Account Assets and Liabilities - Separate Account Assets (Details) - Life and Retirement - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Separate Account Investment [Line Items]
Value of investment options	$ 95,173	$ 91,005
Individual Retirement
Fair Value, Separate Account Investment [Line Items]
Value of investment options	49,938	47,893
Group Retirement
Fair Value, Separate Account Investment [Line Items]
Value of investment options	40,065	38,188
Life Insurance
Fair Value, Separate Account Investment [Line Items]
Value of investment options	1,016	932
Institutional Markets
Fair Value, Separate Account Investment [Line Items]
Value of investment options	4,154	3,992
Equity funds | Equity funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	58,765	55,538
Equity funds | Equity funds | Individual Retirement
Fair Value, Separate Account Investment [Line Items]
Value of investment options	26,945	25,451
Equity funds | Equity funds | Group Retirement
Fair Value, Separate Account Investment [Line Items]
Value of investment options	30,285	28,675
Equity funds | Equity funds | Life Insurance
Fair Value, Separate Account Investment [Line Items]
Value of investment options	900	819
Equity funds | Equity funds | Institutional Markets
Fair Value, Separate Account Investment [Line Items]
Value of investment options	635	593
Bond funds | Bond funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	8,762	8,676
Bond funds | Bond funds | Individual Retirement
Fair Value, Separate Account Investment [Line Items]
Value of investment options	4,121	4,037
Bond funds | Bond funds | Group Retirement
Fair Value, Separate Account Investment [Line Items]
Value of investment options	3,315	3,292
Bond funds | Bond funds | Life Insurance
Fair Value, Separate Account Investment [Line Items]
Value of investment options	45	44
Bond funds | Bond funds | Institutional Markets
Fair Value, Separate Account Investment [Line Items]
Value of investment options	1,281	1,303
Balanced funds | Balanced funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	25,959	25,166
Balanced funds | Balanced funds | Individual Retirement
Fair Value, Separate Account Investment [Line Items]
Value of investment options	18,179	17,711
Balanced funds | Balanced funds | Group Retirement
Fair Value, Separate Account Investment [Line Items]
Value of investment options	5,663	5,479
Balanced funds | Balanced funds | Life Insurance
Fair Value, Separate Account Investment [Line Items]
Value of investment options	55	53
Balanced funds | Balanced funds | Institutional Markets
Fair Value, Separate Account Investment [Line Items]
Value of investment options	2,062	1,923
Money market funds | Money market funds
Fair Value, Separate Account Investment [Line Items]
Value of investment options	1,687	1,625
Money market funds | Money market funds | Individual Retirement
Fair Value, Separate Account Investment [Line Items]
Value of investment options	693	694
Money market funds | Money market funds | Group Retirement
Fair Value, Separate Account Investment [Line Items]
Value of investment options	802	742
Money market funds | Money market funds | Life Insurance
Fair Value, Separate Account Investment [Line Items]
Value of investment options	16	16
Money market funds | Money market funds | Institutional Markets
Fair Value, Separate Account Investment [Line Items]
Value of investment options	$ 176	$ 173

Separate Account Assets and L_4

Separate Account Assets and Liabilities - Separate Account Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Separate Account, Liability [Roll Forward]
Balance, beginning of year	$ 91,005
Balance, end of period	95,173
Life and Retirement
Separate Account, Liability [Roll Forward]
Balance, beginning of year	91,005	$ 84,853
Premiums and deposits	712	846
Policy charges	(439)	(490)
Surrenders and withdrawals	(2,285)	(1,923)
Benefit payments	(400)	(400)
Investment performance	6,622	4,469
Net transfers from (to) general account and other	(42)	2
Balance, end of period	95,173	87,357
Cash surrender value	93,985	86,076
Life and Retirement | Individual Retirement
Separate Account, Liability [Roll Forward]
Balance, beginning of year	47,893	45,178
Premiums and deposits	294	451
Policy charges	(288)	(344)
Surrenders and withdrawals	(1,193)	(844)
Benefit payments	(239)	(215)
Investment performance	3,451	2,131
Net transfers from (to) general account and other	20	73
Balance, end of period	49,938	46,430
Cash surrender value	48,975	45,388
Life and Retirement | Group Retirement
Separate Account, Liability [Roll Forward]
Balance, beginning of year	38,188	34,361
Premiums and deposits	340	360
Policy charges	(115)	(110)
Surrenders and withdrawals	(1,052)	(669)
Benefit payments	(154)	(130)
Investment performance	2,934	2,186
Net transfers from (to) general account and other	(76)	(78)
Balance, end of period	40,065	35,920
Cash surrender value	39,865	35,726
Life and Retirement | Life Insurance
Separate Account, Liability [Roll Forward]
Balance, beginning of year	932	799
Premiums and deposits	9	9
Policy charges	(12)	(12)
Surrenders and withdrawals	(9)	(6)
Benefit payments	(2)	(1)
Investment performance	98	53
Net transfers from (to) general account and other	0	(1)
Balance, end of period	1,016	841
Cash surrender value	995	794
Life and Retirement | Institutional Markets
Separate Account, Liability [Roll Forward]
Balance, beginning of year	3,992	4,515
Premiums and deposits	69	26
Policy charges	(24)	(24)
Surrenders and withdrawals	(31)	(404)
Benefit payments	(5)	(54)
Investment performance	139	99
Net transfers from (to) general account and other	14	8
Balance, end of period	4,154	4,166
Cash surrender value	$ 4,150	$ 4,168

Contingencies, Commitments an_2

Contingencies, Commitments and Guarantees (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Other Commitments [Line Items]
Other commitments	$ 6,000	$ 6,100
Affiliated Entity
Other Commitments [Line Items]
Contractual obligation	$ 92

Equity - Narrative (Details)

Equity - Narrative (Details) $ / shares in Units, $ in Millions				1 Months Ended	3 Months Ended
	Apr. 30, 2024 USD ($) $ / shares	Mar. 15, 2024 USD ($) $ / shares shares	Mar. 14, 2019 USD ($) $ / shares shares	Apr. 26, 2024 USD ($) shares	Mar. 31, 2024 USD ($) $ / shares shares	Mar. 31, 2023 USD ($)	Dec. 31, 2023 $ / shares
Class of Stock [Line Items]
Preferred stock, par value (in dollars per share) | $ / shares					$ 5		$ 5
Proceeds from redemption of preferred stock | $					$ 485	$ 0
Redemption premium realized | $		$ 15
Common stock, par value (in dollars per share) | $ / shares					$ 2.50		$ 2.50
Shares purchased (in shares) | shares					23,400,000
Aggregate repurchases of common stock | $					$ 1,682	$ 603
Subsequent event
Class of Stock [Line Items]
Authorized repurchase amount | $	$ 10,000
Remaining authorized repurchase amount | $	$ 3,900
Shares purchased (in shares) | shares				7,000,000
Aggregate repurchases of common stock | $				$ 558
Dividends declared, common stock (in dollars per share) | $ / shares	$ 0.40
Dividends declared, common stock, percentage increase over prior periods (as a percent)	0.11
Series A Preferred Stock
Class of Stock [Line Items]
Issuances (in shares) | shares			20,000
Preferred stock, dividend rate (as a percent)			5.85%
Preferred stock, par value (in dollars per share) | $ / shares			$ 5
Preferred stock liquidation preference (in dollars per share) | $ / shares			$ 25,000
Issuance of preferred stock | $			$ 485
Stock redeemed during the period (in shares) | shares		20,000
Preferred stock redemption price per share (in USD per share) | $ / shares		$ 25,000
Proceeds from redemption of preferred stock | $			$ 500
Series A Depositary Shares
Class of Stock [Line Items]
Issuances (in shares) | shares			20,000,000
Depository shares, equity interest in preferred stock (as a percent)			0.001
Preferred stock liquidation preference (in dollars per share) | $ / shares			$ 25
Stock redeemed during the period (in shares) | shares		20,000,000
Preferred stock redemption, depository shares equity interest in preferred stock (as a percent)		0.001
Preferred stock redemption price per share (in USD per share) | $ / shares		$ 25

Equity - Rollforward of common

Equity - Rollforward of common stock outstanding (Details)	3 Months Ended
	Mar. 31, 2024 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)	(1,217,831,721)
Shares outstanding, beginning of year (in shares)	688,800,000
Shares issued (in shares)	5,600,000
Shares repurchased (in shares)	(23,400,000)
Shares issued, end of period (in shares)	1,906,671,492
Treasury stock, end of period (in shares)	(1,235,652,452)
Shares outstanding, end of period (in shares)	671,000,000
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)	(1,217,900,000)
Shares issued (in shares)	5,600,000
Shares repurchased (in shares)	(23,400,000)
Treasury stock, end of period (in shares)	(1,235,700,000)

Equity - Schedule of Accumulate

Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	$ 51,301	$ 43,454
Change in unrealized appreciation (depreciation) of investments*	(1,202)	5,005
Change in other	5	106
Change in fair value of market risk benefits, net	(29)	95
Change in discount rates	697	(527)
Change in future policy benefits	(126)	(100)
Change in foreign currency translation adjustments	(339)	(19)
Change in net actuarial loss	7	27
Change in prior service cost	2
Change in deferred tax asset (liability)	(72)	(674)
Other comprehensive income (loss)	(1,057)	3,913
Corebridge noncontrolling interests	(73)
Balance, end of period	49,110	46,306
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(14,037)	(22,616)
Other comprehensive income (loss)	(759)	3,287
Balance, end of period	(14,869)	(19,329)
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	(106)	(136)
Balance, end of period	(66)	(134)
Unrealized Appreciation (Depreciation) of All Other Investments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(10,888)	(20,675)
Balance, end of period	(11,702)	(17,129)
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	(476)	(284)
Other comprehensive income (loss)	(23)	75
Balance, end of period	(493)	(226)
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	1,233	2,459
Other comprehensive income (loss)	545	(420)
Balance, end of period	1,535	2,150
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(2,979)	(3,056)
Balance, end of period	(3,329)	(3,094)
Retirement Plan Liabilities Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(821)	(924)
Balance, end of period	(814)	(896)
Noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests	(298)	626
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	4
Unrealized Appreciation (Depreciation) of All Other Investments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests	(559)	706
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	(11)	17
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	258	(111)
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests	(3)	10
Retirement Plan Liabilities Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests	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	(29)	95
Change in deferred tax asset (liability)	6	(20)
Other comprehensive income (loss)	(23)	75
Corebridge noncontrolling interests	(5)
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	697	(527)
Change in deferred tax asset (liability)	(152)	107
Other comprehensive income (loss)	545	(420)
Corebridge noncontrolling interests	15
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*	72	9
Change in deferred tax asset (liability)	(15)	(3)
Other comprehensive income (loss)	57	6
Corebridge noncontrolling interests	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*	(1,274)	4,996
Change in other	5	106
Change in future policy benefits	(126)	(100)
Change in deferred tax asset (liability)	105	(750)
Other comprehensive income (loss)	(1,290)	4,252
Corebridge noncontrolling interests	(83)
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Change in foreign currency translation adjustments	(339)	(19)
Change in deferred tax asset (liability)	(14)	(9)
Other comprehensive income (loss)	(353)	(28)
Retirement Plan Liabilities Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Change in net actuarial loss	7	27
Change in prior service cost	2
Change in deferred tax asset (liability)	(2)	1
Other comprehensive income (loss)	$ 7	$ 28

Equity - Schedule of Other Comp

Equity - Schedule of Other Comprehensive Income (Loss) Reclassification Adjustments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Other Comprehensive Income (Loss) Reclassification Adjustments
Other comprehensive income (loss)	$ (1,057)	$ 3,913
Noncontrolling interests
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	(1,435)	4,126
Less: Reclassification adjustments included in net income	(450)	(461)
Total other comprehensive income (loss), before of income tax expense (benefit)	(985)	4,587
Less: Income tax expense (benefit)	72	674
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	66	(7)
Less: Reclassification adjustments included in net income	(6)	(16)
Total other comprehensive income (loss), before of income tax expense (benefit)	72	9
Less: Income tax expense (benefit)	15	3
Other comprehensive income (loss)	57	6
Unrealized Appreciation (Depreciation) of All Other Investments
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	(1,832)	4,566
Less: Reclassification adjustments included in net income	(437)	(436)
Total other comprehensive income (loss), before of income tax expense (benefit)	(1,395)	5,002
Less: Income tax expense (benefit)	(105)	750
Other comprehensive income (loss)	(1,290)	4,252
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	(29)	95
Less: Reclassification adjustments included in net income	0	0
Total other comprehensive income (loss), before of income tax expense (benefit)	(29)	95
Less: Income tax expense (benefit)	(6)	20
Other comprehensive income (loss)	(23)	75
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	697	(527)
Less: Reclassification adjustments included in net income	0	0
Total other comprehensive income (loss), before of income tax expense (benefit)	697	(527)
Less: Income tax expense (benefit)	152	(107)
Other comprehensive income (loss)	545	(420)
Foreign Currency Translation Adjustments
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	(339)	(19)
Less: Reclassification adjustments included in net income	0	0
Total other comprehensive income (loss), before of income tax expense (benefit)	(339)	(19)
Less: Income tax expense (benefit)	14	9
Other comprehensive income (loss)	(353)	(28)
Retirement Plan Liabilities Adjustment
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	2	18
Less: Reclassification adjustments included in net income	(7)	(9)
Total other comprehensive income (loss), before of income tax expense (benefit)	9	27
Less: Income tax expense (benefit)	2	(1)
Other comprehensive income (loss)	$ 7	$ 28

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
	Mar. 31, 2024	Mar. 31, 2023
Reclassification of significant items out of Accumulated Other Comprehensive Income
Total net realized losses	$ (424)	$ (1,909)
Net income (loss) attributable to AIG	1,216	30
Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Net income (loss) attributable to AIG	(450)	(461)
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 losses	(6)	(16)
Unrealized appreciation (depreciation) of all other investments | Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Total net realized losses	(437)	(436)
Change in retirement plan liabilities adjustment | Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Total net realized losses	(7)	(9)
Prior-service credit | Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Total net realized losses	0	(1)
Actuarial losses | Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Total net realized losses	$ (7)	$ (8)

Earnings Per Common Share (EP_3

Earnings Per Common Share (EPS) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Numerator for EPS:
Income (loss) from continuing operations	$ 1,600	$ (87)
Less: Net income (loss) from continuing operations attributable to noncontrolling interests	384	(117)
Dividends on preferred stock and preferred stock redemption premiums	22	7
Income (loss) attributable to AIG common shareholders from continuing operations	1,194	23
Income (loss) from discontinued operations, net of income tax expense	0	0
Net income (loss) attributable to AIG common shareholders	$ 1,194	$ 23
Denominator for EPS:
Weighted average common shares outstanding - basic (in shares)	682,576,848	738,661,428
Dilutive common shares (in shares)	5,384,670	5,437,758
Weighted average common shares outstanding - diluted (in shares)	687,961,518	744,099,186
Basic:
Income (loss) from continuing operations (in dollars per share)	$ 1.75	$ 0.03
Income from discontinued operations (in dollars per share)	0	0
Net income (loss) attributable to AIG common shareholders (in dollars per share)	1.75	0.03
Diluted:
Income (loss) from continuing operations (in dollars per share)	1.74	0.03
Income from discontinued operations (in dollars per share)	0	0
Net income attributable to AIG common shareholders (in dollars per share)	$ 1.74	$ 0.03
Number of shares excluded from diluted shares outstanding because the effect would have been anti-dilutive (in shares)	100,000	4,500,000

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Sep. 19, 2022
Operating Loss Carryforwards [Line Items]
Effective tax rates on income from continuing operations (as a percent)	22%	62.30%
U.S. federal income tax at statutory rate (as a percent)	21%	21%
Valuation allowance related to certain tax attribute carryforward	$ 300
Gross unrecognized tax benefits, beginning of year	1,400		$ 1,400
Unrecognized tax benefits, if recognized would favorably affect the effective tax rate	1,400		1,400
Unrecognized tax benefits, interest and penalties accrued	52		$ 52
Unrecognized tax benefits, interest net of the federal (benefit) expense and penalties	0	$ 7
Foreign
Operating Loss Carryforwards [Line Items]
Deferred tax asset, increase (decrease) in valuation allowance recognized	(3)
Corebridge Financial Inc
Operating Loss Carryforwards [Line Items]
Deferred tax asset, increase (decrease) in valuation allowance recognized	15
Valuation allowance	177
U.S. And Non-U.S. Life Insurance Companies, Available-for-Sale Portfolio
Operating Loss Carryforwards [Line Items]
Valuation allowance	1,800
U.S.. Life Insurance Companies, Available-for-Sale Portfolio
Operating Loss Carryforwards [Line Items]
Valuation allowance	1,200
Non U.S.. Life Insurance Companies, Available-for-Sale Portfolio
Operating Loss Carryforwards [Line Items]
Deferred tax asset, increase (decrease) in valuation allowance recognized	11
Valuation allowance	561
U.S.. Life Insurance Companies
Operating Loss Carryforwards [Line Items]
Deferred tax asset, increase (decrease) in valuation allowance recognized	$ 194
Corebridge Financial Inc
Operating Loss Carryforwards [Line Items]
Ownership (as a percent)	52.70%
Corebridge Financial Inc | Maximum
Operating Loss Carryforwards [Line Items]
Ownership (as a percent)				80%