American International (AIG) 10-Q 1 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Jul. 26, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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		643,951,434
Document Fiscal Year Focus	2024
Entity Central Index Key	0000005272
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
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 (unaudited) - USD ($) $ in Millions		Jun. 30, 2024	Dec. 31, 2023
Fixed maturity securities:
Bonds available for sale, at fair value, net of allowance for credit losses of $33 in 2024 and $34 in 2023 (amortized cost: 2024 - $65,326; 2023 - $68,119)	[1]	$ 62,333	$ 65,242
Other bond securities, at fair value (See Note 6)	[1]	766	663
Equity securities, at fair value (See Note 6)	[1]	688	665
Mortgage and other loans receivable, net of allowance for credit losses of $37,799 in 2024 and $37,776 in 2023	[1]	4,347	4,441
Other invested assets (portion measured at fair value: 2024 - $12,386; 2023 - $4,175)	[1]	14,788	6,368
Short-term investments, including restricted cash of $3 in 2024 and $1 in 2023 (portion measured at fair value: 2024 - $8,137; 2023 - $9,363)	[1]	12,563	12,865
Total investments		95,485	90,244
Cash	[1]	1,381	1,540
Accrued investment income	[1]	563	580
Premiums and other receivables, net of allowance for credit losses and disputes of $126 in 2024 and $138 in 2023		11,669	9,967
Deferred income tax assets		5,568	6,186
Deferred policy acquisition costs		2,123	2,117
Goodwill		3,407	3,422
Deposit accounting assets, net of allowance for credit losses of $49 in 2024 and $49 in 2023		2,132	1,915
Other assets, net of allowance for credit losses of $49 in 2024 and $49 in 2023, including restricted cash of $18 in 2024 and $32 in 2023 (portion measured at fair value: 2024 - $189; 2023 - $374)	[1]	4,717	5,425
Total assets		167,890	539,306
Liabilities:
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2024 and $14 in 2023		69,783	70,393
Unearned premiums		18,738	17,375
Future policy benefits for life and accident and health insurance contracts		1,355	1,467
Other policyholder funds		435	495
Fortitude Re funds withheld payable (portion measured at fair value: 2024 - $(154); 2023 - $(148))		3,364	3,527
Premiums and other related payables		7,729	6,219
Deposit accounting liabilities		2,782	2,612
Commissions and premium taxes payable		1,395	1,351
Current and deferred income tax liabilities		375	347
Other liabilities (portion measured at fair value: 2024 - $323; 2023 - $482)	[1]	7,366	7,496
Total liabilities		123,415	488,005
Contingencies, commitments and guarantees (See Note 13)
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 - 1,256,808,687 shares; 2023 - 1,217,831,721 shares of common stock		(62,255)	(59,189)
Additional paid-in capital		75,274	75,810
Retained earnings		34,225	37,516
Accumulated other comprehensive loss		(7,565)	(14,037)
Total AIG shareholders’ equity		44,445	45,351
Non-redeemable noncontrolling interests		30	5,950
Total equity		44,475	51,301
Total liabilities and equity		167,890	539,306
Held-for-Sale
Fixed maturity securities:
Assets held for sale and assets of discontinued operations		185	30
Liabilities:
Liabilities held for sale and liabilities of discontinued operations		153	28
Discontinued Operations
Fixed maturity securities:
Assets held for sale and assets of discontinued operations		0	378,748
Liabilities:
Liabilities held for sale and liabilities of discontinued operations		0	366,089
Consolidated Entities, Excluding Consolidated Investments
Liabilities:
Long-term debt		9,861	10,375
Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Long-term debt	[1]	79	231
Fortitude RE
Fixed maturity securities:
Reinsurance assets, net of allowance for credit losses and disputes		3,592	3,839
Excluding Fortitude
Fixed maturity securities:
Reinsurance assets, net of allowance for credit losses and disputes		$ 37,068	$ 35,293
[1] See Note 10 for details of balances associated with variable interest entities.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Millions		Jun. 30, 2024	Dec. 31, 2023
Assets:
Bonds available for sale, allowance for credit losses		$ 33	$ 34
Bonds available for sale, amortized cost		65,326	68,119
Mortgage and other loans receivable, allowance for credit losses		37,799	37,776
Other investments	[1]	14,788	6,368
Short-term investments	[1]	12,563	12,865
Premiums and other receivables, allowance for credit losses and disputes		126	138
Deposit accounting assets, allowance for credit loss		49	49
Other assets	[1]	4,717	5,425
Liabilities:
Liability for unpaid losses and loss adjustment expenses, allowance for credit losses		14	14
Fortitude Re funds withheld payable, portion measured at fair value		$ (3,364)	$ (3,527)
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)		1,256,808,687	1,217,831,721
Fortitude RE
Assets:
Reinsurance asset, allowance for credit loss		$ 0	$ 0
Excluding Fortitude
Assets:
Reinsurance asset, allowance for credit loss		211	206
Short-term investments, at cost (approximates fair value)
Assets:
Restricted cash		3	1
Other assets
Assets:
Restricted cash		18	32
Recurring Basis
Assets:
Other investments		12,386	4,175
Short-term investments		8,137	9,363
Other assets		189	374
Liabilities:
Fortitude Re funds withheld payable, portion measured at fair value		(154)	(148)
Other liabilities		$ 323	$ 482
[1] See Note 10 for details of balances associated with variable interest entities.

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Loss) (unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues:
Premiums	$ 5,748	$ 6,614	$ 11,619	$ 12,990
Net investment income:
Total net investment income	990	837	1,969	1,681
Net realized gains (losses):
Net realized gains (losses)	(180)	(14)	(267)	(525)
Other income	2	(1)	2	(1)
Total revenues	6,560	7,436	13,323	14,145
Benefits, losses and expenses:
Losses and loss adjustment expenses incurred	3,467	3,979	6,980	7,883
Amortization of deferred policy acquisition costs	842	933	1,680	1,972
General operating and other expenses	1,610	1,494	2,848	2,737
Interest expense	125	129	241	253
Loss on extinguishment of debt	1	0	1	0
Net (gain) loss on divestitures and other	(102)	15	(102)	12
Total benefits, losses and expenses	5,943	6,550	11,648	12,857
Income from continuing operations before income tax expense	617	886	1,675	1,288
Income tax expense	142	45	403	110
Income from continuing operations	475	841	1,272	1,178
Income (loss) from discontinued operations, net of income taxes	(4,359)	850	(3,556)	426
Net income (loss)	(3,884)	1,691	(2,284)	1,604
Less: Net income (loss) attributable to noncontrolling interests	93	198	477	81
Net income (loss) attributable to AIG	(3,977)	1,493	(2,761)	1,523
Less: Dividends on preferred stock and preferred stock redemption premiums	0	8	22	15
Net income (loss) attributable to AIG common shareholders	$ (3,977)	$ 1,485	$ (2,783)	$ 1,508
Basic:
Income from continuing operations (in dollars per share)	$ 0.72	$ 1.15	$ 1.86	$ 1.59
Income (loss) from discontinued operations (in dollars per share)	(6.74)	0.90	(6)	0.47
Net income (loss) attributable to AIG common shareholders (in dollars per share)	(6.02)	2.05	(4.14)	2.06
Diluted:
Income from continuing operations (in dollars per share)	0.71	1.14	1.85	1.58
Income (loss) from discontinued operations (in dollars per share)	(6.67)	0.89	(5.96)	0.47
Net income (loss) attributable to AIG common shareholders (in dollars per share)	$ (5.96)	$ 2.03	$ (4.11)	$ 2.05
Weighted average shares outstanding:
Basic (in shares)	661,092,967	725,754,549	671,834,907	732,175,533
Diluted (in shares)	666,955,168	730,547,112	677,458,343	737,290,694
Excluding Fortitude Re funds withheld assets
Net investment income:
Total net investment income	$ 957	$ 812	$ 1,897	$ 1,604
Net realized gains (losses):
Net realized gains (losses)	(187)	(65)	(246)	(382)
Fortitude Re funds withheld assets
Net investment income:
Total net investment income	33	25	72	77
Net realized gains (losses):
Net realized gains (losses)	(1)	(7)	(20)	(61)
Fortitude Re funds withheld embedded derivative
Net realized gains (losses):
Net realized gains (losses)	$ 8	$ 58	$ (1)	$ (82)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (3,884)	$ 1,691	$ (2,284)	$ 1,604
Other comprehensive income (loss), net of tax
Change in unrealized appreciation of fixed maturity securities on which allowance for credit losses was taken	5	29	26	17
Change in unrealized appreciation (depreciation) of all other investments	(160)	(591)	(275)	528
Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts	(92)	(77)	(90)	(14)
Change in foreign currency translation adjustments	35	(64)	(310)	(107)
Change in retirement plan liabilities adjustment	10	52	17	78
Change in other comprehensive income (loss) related to discontinued operations	(318)	(1,087)	(945)	1,673
Corebridge Deconsolidation	7,214	0	7,214	0
Other comprehensive income (loss)	6,694	(1,738)	5,637	2,175
Comprehensive income (loss)	2,810	(47)	3,353	3,779
Comprehensive income (loss) attributable to noncontrolling interests	93	(60)	179	449
Comprehensive income (loss) attributable to AIG	$ 2,717	$ 13	$ 3,174	$ 3,330

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity (unaudited) - USD ($) $ in Millions	Total	Total AIG Share- holders' 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	(140)	(140)			230	(370)
Purchase of common stock	(1,165)	(1,165)			(1,165)
Net income (loss) attributable to AIG or noncontrolling interests	1,604	1,523					1,523		81
Dividends on preferred stock and preferred stock redemption premiums	(15)
Dividends on preferred stock	(15)	(15)					(15)
Dividends on common stock	(494)	(494)					(494)
Other comprehensive income (loss)	2,175	1,807						1,807	368
Net increase (decrease) due to divestitures and acquisitions	1,175	(86)				(1,913)		1,827	1,261
Contributions from noncontrolling interests	27								27
Distributions to noncontrolling interests	(252)								(252)
Other	122	54				45	9		68
Balance, end of period at Jun. 30, 2023	46,491	42,454	485	4,766	(57,408)	77,677	35,916	(18,982)	4,037
Balance, beginning of period at Mar. 31, 2023	46,306	43,317	485	4,766	(56,857)	79,562	34,690	(19,329)	2,989
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued under stock plans	7	7			11	(4)
Purchase of common stock	(562)	(562)			(562)
Net income (loss) attributable to AIG or noncontrolling interests	1,691	1,493					1,493		198
Dividends on preferred stock and preferred stock redemption premiums	(8)
Dividends on preferred stock	(8)	(8)					(8)
Dividends on common stock	(260)	(260)					(260)
Other comprehensive income (loss)	(1,738)	(1,480)						(1,480)	(258)
Net increase (decrease) due to divestitures and acquisitions	1,175	(86)				(1,913)		1,827	1,261
Contributions from noncontrolling interests	11								11
Distributions to noncontrolling interests	(194)								(194)
Other	63	33				32	1		30
Balance, end of period at Jun. 30, 2023	46,491	42,454	485	4,766	(57,408)	77,677	35,916	(18,982)	4,037
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	(17)	(17)			293	(310)
Redemption of preferred stock	(485)	(485)	(485)
Purchase of common stock	(3,359)	(3,359)			(3,359)
Net income (loss) attributable to AIG or noncontrolling interests	(2,284)	(2,761)					(2,761)		477
Dividends on preferred stock and preferred stock redemption premiums	(22)	(22)					(22)
Dividends on common stock	(504)	(504)					(504)
Other comprehensive income (loss)	5,637	5,935						5,935	(298)
Net increase (decrease) due to divestitures and acquisitions	(5,885)	119				(418)		537	(6,004)
Contributions from noncontrolling interests	28								28
Distributions to noncontrolling interests	(72)								(72)
Other	137	188				192	(4)		(51)
Balance, end of period at Jun. 30, 2024	44,475	44,445	0	4,766	(62,255)	75,274	34,225	(7,565)	30
Balance, beginning of period at Mar. 31, 2024	49,110	43,385	0	4,766	(60,603)	75,625	38,466	(14,869)	5,725
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued under stock plans	10	10			25	(15)
Purchase of common stock	(1,677)	(1,677)			(1,677)
Net income (loss) attributable to AIG or noncontrolling interests	(3,884)	(3,977)					(3,977)		93
Dividends on preferred stock and preferred stock redemption premiums	0
Dividends on common stock	(261)	(261)					(261)
Other comprehensive income (loss)	6,694	6,694						6,694
Net increase (decrease) due to divestitures and acquisitions	(5,600)	202				(408)		610	(5,802)
Contributions from noncontrolling interests	17								17
Distributions to noncontrolling interests	(2)								(2)
Other	68	69				72	(3)		(1)
Balance, end of period at Jun. 30, 2024	$ 44,475	$ 44,445	$ 0	$ 4,766	$ (62,255)	$ 75,274	$ 34,225	$ (7,565)	$ 30

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity (unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]
Dividends declared, preferred stock (in dollars per share)		$ 365.625	$ 365.625	$ 731.25
Dividend paid (in dollars per share)	$ 0.40	$ 0.36	$ 0.76	$ 0.68

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2024		Jun. 30, 2023
Cash flows from operating activities:
Net income (loss)		$ (2,284)		$ 1,604
(Income) loss from discontinued operations		3,556		(426)
Noncash revenues, expenses, gains and losses included in income (loss):
Net losses on sales of securities available for sale and other assets		259		452
Net (gain) loss on divestitures and other		(102)		12
(Gain) loss on extinguishment of debt		1		0
Unrealized gains in earnings - net		(349)		(33)
Equity in (income) loss from equity method investments, net of dividends or distributions		(46)		18
Depreciation and other amortization		1,751		2,024
Impairments of assets		26		12
Changes in operating assets and liabilities:
Insurance reserves		2,082		3,174
Premiums and other receivables and payables - net		(544)		(936)
Reinsurance assets, net		(1,748)		(2,551)
Capitalization of deferred policy acquisition costs		(1,803)		(2,396)
Current and deferred income taxes - net		(63)		(124)
Other, net		817		603
Total adjustments		281		255
Net cash provided by operating activities - continuing operations		1,553		1,433
Net cash used in operating activities - discontinued operations		(104)		(322)
Net cash provided by operating activities		1,449		1,111
Sales or distributions of:
Available for sale securities		5,148		10,704
Other securities		112		157
Other invested assets		763		407
Divestitures, net		0		3
Maturities of fixed maturity securities available for sale		4,938		4,376
Principal payments received on and sales of mortgage and other loans receivable		266		587
Purchases of:
Available for sale securities		(7,987)		(15,417)
Other securities		(180)		(163)
Other invested assets		(218)		(338)
Mortgage and other loans receivable		(239)		(601)
Net change in short-term investments		323		1,138
Other, net		(51)		(662)
Net cash provided by investing activities - continuing operations		2,875		191
Net cash used in investing activities - discontinued operations		(4,171)		(832)
Net cash used in investing activities		(1,296)		(641)
Proceeds from (payments for)
Purchase of common stock		(3,325)		(1,117)
Redemption of preferred stock		(485)		0
Dividends on preferred stock and preferred stock redemption premiums		(22)		(15)
Dividends on common stock		(504)		(494)
Other, net		242		723
Net cash used in financing activities - continuing operations		(4,557)		(615)
Net cash provided by financing activities - discontinued operations		4,409		500
Net cash used in financing activities		(148)		(115)
Effect of exchange rate changes on cash and restricted cash		(66)		18
Net increase (decrease) in cash and restricted cash		(61)		373
Cash and restricted cash at beginning of year		1,573		1,571
Cash and restricted cash at end of period		1,402		1,560
Cash and restricted cash of held for sale assets		(110)		(384)
Cash Equivalents, Restricted Cash and Restricted Cash Equivalents:
Cash		1,381	[1]	1,531
Restricted cash included in Short-term investments	[2]	3		3
Restricted cash included in Other assets	[2]	18		26
Total cash and restricted cash shown in the Condensed Consolidated Statements of Cash Flows		1,402		1,560
Cash paid during the period for:
Interest		470		636
Taxes		709		368
Non-cash investing activities:
Fixed maturity securities available for sale received in connection with pension risk transfer transactions		1,316		2,818
Fixed maturity securities and other invested assets received in connection with reinsurance transactions		254		0
Fixed maturity securities and other invested assets transferred in connection with reinsurance transactions		(148)		(714)
Non-cash financing activities:
Interest credited to policyholder contract deposits included in financing activities		2,416		2,145
Fee income debited to policyholder contract deposits included in financing activities		(1,426)		(1,044)
Consolidated VIE
Proceeds from (payments for)
Repayments of debt		0		(3)
Consolidated Entity, Excluding Consolidated VIE
Proceeds from (payments for)
Issuance of debt		1		742
Repayments of debt		$ (464)		$ (451)
[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	6 Months Ended
	Jun. 30, 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 six months ended June 30, 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 June 30, 2024 and prior to the issuance of these Condensed Consolidated Financial Statements. Prior year Condensed Consolidated Financial Statements have been reclassified for comparative purpose to conform with the captions presented in the current year. SALES/DISPOSALS OF ASSETS AND BUSINESSES Global Personal Travel Business On June 26, 2024, AIG announced that it has entered into a definitive agreement to sell its global individual personal travel insurance and assistance business to Zurich Insurance Group for $600 million in cash plus additional earn-out consideration. The sale is expected to close by the end of 2024, subject to customary closing conditions, including the receipt of regulatory approvals. For further details, see Note 4. Separation of Life and Retirement Business For further details, see Note 4. 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; • 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. Certain critical accounting estimates were eliminated as a result of the Corebridge deconsolidation. There were no changes to the remaining critical accounting estimates.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 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 on 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 should be applied on a prospective basis, but retrospective application is permitted. We are assessing the impact of this standard. Segment Reporting

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Information	3. Segment Information As a result of the Corebridge deconsolidation, we no longer present a Life and Retirement segment and no longer include asset management and Corebridge Life Holdings, Inc. interest and general expenses within the Other Operations segment. Historical results of Other Operations have been revised to reflect these changes. Previously reported results for the General Insurance segment were not impacted by the Corebridge deconsolidation. For further details on the separation of the Life and Retirement business, see Note 4. As presented herein and reflecting the Corebridge deconsolidation, 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 and Note 4 herein and Note 1 to the Consolidated Financial Statements in the 2023 Annual Report. OTHER OPERATIONS Other Operations primarily consists of income and expenses from assets, including AIG's ownership of Corebridge, held by AIG Parent and other corporate subsidiaries, deferred tax assets related to tax attributes, corporate expenses and intercompany eliminations, 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 Reinsurance Company Ltd. (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 income (loss) from continuing operations before income tax expense (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 June 30, 2024 2023 (in millions) Adjusted Adjusted Adjusted Adjusted General Insurance North America $ 2,470 $ 163 (a) $ 3,195 $ 352 (a) International 3,279 267 (a) 3,302 242 (a) Net investment income 746 746 725 725 Total General Insurance 6,495 1,176 7,222 1,319 Other Operations Other Operations before consolidation and eliminations 144 (158) 173 (270) Consolidation and eliminations (5) — (17) (8) Total Other Operations 139 (158) 156 (278) Total 6,634 1,018 7,378 1,041 Reconciling items: Changes in the fair values of equity securities and AIG's investment in Corebridge 59 59 41 41 Other income (expense) - net 15 — 8 — Gain (loss) on extinguishment of debt — (1) — — Net investment income on Fortitude Re funds withheld assets 33 33 25 25 Net realized losses on Fortitude Re funds withheld assets (1) (1) (7) (7) Net realized gains on Fortitude Re funds withheld embedded derivative 8 8 58 58 Net realized losses (b) (188) (186) (67) (64) Net gain (loss) on divestitures and other — 102 — (15) Non-operating litigation reserves and settlements — — — (1) Favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements — 62 — 18 Net loss reserve discount charge — (26) — (16) Pension expense related to lump sum payments to former employees — — — (54) Integration and transaction costs associated with acquiring or divesting businesses — (18) — (8) Restructuring and other costs (c) — (426) — (125) Non-recurring costs related to regulatory or accounting changes — (7) — (7) Revenues and pre-tax income $ 6,560 $ 617 $ 7,436 $ 886 Six Months Ended June 30, 2024 2023 (in millions) Adjusted Adjusted Adjusted Adjusted General Insurance North America $ 4,972 $ 387 (a) $ 6,175 $ 651 (a) International 6,563 639 (a) 6,581 445 (a) Net investment income 1,508 1,508 1,471 1,471 Total General Insurance 13,043 2,534 14,227 2,567 Other Operations Other Operations before consolidation and eliminations 308 (355) 319 (544) AIG consolidation and eliminations (3) (1) (39) (13) Total Other Operations 305 (356) 280 (557) Total 13,348 2,178 14,507 2,010 Reconciling items: Changes in the fair values of equity securities and AIG's investment in Corebridge 147 147 62 62 Other income (expense) - net 17 — 23 — Gain (loss) on extinguishment of debt — (1) — — Net investment income on Fortitude Re funds withheld assets 72 72 77 77 Net realized losses on Fortitude Re funds withheld assets (20) (20) (61) (61) Net realized losses on Fortitude Re funds withheld embedded derivative (1) (1) (82) (82) Net realized losses (b) (240) (241) (386) (383) Net gain (loss) on divestitures and other — 102 — (12) Non-operating litigation reserves and settlements — — 1 — (Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements — 60 — 37 Net loss reserve discount benefit (charge) — (102) — (80) Pension expense related to lump sum payments to former employees — — — (54) Integration and transaction costs associated with acquiring or divesting businesses — (15) — (8) Restructuring and other costs — (493) — (215) Non-recurring costs related to regulatory or accounting changes — (11) — (15) Net impact from elimination of international reporting lag (d) — — 4 12 Revenues and pre-tax income $ 13,323 $ 1,675 $ 14,145 $ 1,288 (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 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). (c) In the second quarter of 2024, Restructuring and other costs increased primarily as a result of employee-related costs, including severance, and real estate impairment charges. (d) For additional information, see Note 1 to the Consolidated Financial Statements in the 2023 Annual Report.

Held-For-Sale Classification an

Held-For-Sale Classification and Discontinued Operations Presentation	6 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Held-For-Sale Classification and Discontinued Operations Presentation	4. Held-For-Sale Classification & Discontinued Operations Presentation HELD-FOR-SALE CLASSIFICATION We report and classify a business or a component of an entity 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 June 30, 2024, businesses and assets reported and classified as held-for-sale primarily consisted of our global individual personal travel insurance and assistance business and did not meet the criteria for discontinued operations. Nippon Sale On May 16, 2024, AIG entered into a stock purchase agreement with Corebridge Financial, Inc. (Corebridge), the holding company for AIG's Life and Retirement business, and Nippon Life Insurance Company, a mutual company (sougogaisha) organized under the laws of Japan (Nippon), pursuant to which AIG agreed to sell 121,956,256 shares of common stock of Corebridge, representing approximately 20 percent of the issued and outstanding common stock at signing, to Nippon for aggregate consideration of $3.8 billion in cash. The transaction is expected to close in the first quarter of 2025, subject to certain closing conditions, including the receipt of regulatory approvals. As a result, Corebridge met the criteria to be presented as held for sale and discontinued operations. However, on June 9, 2024, AIG met the requirements for the deconsolidation of Corebridge. For further details, see Discontinued Operations Presentation below. Global Personal Travel Business On June 26, 2024, AIG entered into a definitive agreement to sell its global individual personal travel insurance and assistance business to Zurich Insurance Group for $600 million in cash plus additional earn-out consideration. The agreement includes the Travel Guard business and its servicing capabilities, excluding our travel insurance businesses in Japan and our AIG joint venture arrangement in India. Travel coverages offered through AIG’s Accident & Health business are also excluded from this agreement. The sale is expected to close by the end of 2024, subject to customary closing conditions, including regulatory approvals. The results of our global individual personal travel insurance and assistance business are reported in General Insurance. DISCONTINUED OPERATIONS PRESENTATION We present a business, or a component of an entity, as discontinued operations if a) it meets the held-for-sale criteria, or is disposed of by sale, or is disposed of other than by sale, and b) the disposal of the business, or component of an entity, represents a strategic shift that has (or will have) a major effect on AIG’s financial results. On June 3, 2024, AIG closed on a secondary offering of 30 million shares of Corebridge common stock. The sale was recorded as an equity transaction as AIG controlled Corebridge as of the transaction date. The aggregate gross proceeds of the offering, before deducting underwriting discounts and commission and other expenses payable by AIG, were $876 million. As a result of the offering, AIG recorded an increase of $261 million in Total AIG shareholders' equity. On July 2, 2024, the underwriters exercised their option to purchase an additional 1.9 million shares which reduced AIG's remaining investment in Corebridge reported in Other invested assets. In September 2022, AIG closed on the initial public offering of Corebridge. Since September 2022 and through June 9, 2024, AIG sold portions of its interests in Corebridge through secondary public offerings. On June 9, 2024, AIG held 48.4 percent of Corebridge common stock, waived its right to majority representation on the Corebridge Board of Directors and one of AIG's designees resigned from the Corebridge Board of Directors as of June 9, 2024 (Deconsolidation Date). As a result, AIG met the requirements for the deconsolidation of Corebridge. The historical financial results of Corebridge, for all periods presented, are reflected in these Condensed Consolidated Financial Statements as discontinued operations. Due to share repurchases by Corebridge after the Deconsolidation Date, as of June 30, 2024, AIG held 49.0 percent of the outstanding common stock of Corebridge. The assets and liabilities of Corebridge are classified as Assets of discontinued operations and Liabilities of discontinued operations in AIG’s Condensed Consolidated Balance Sheets as of December 31, 2023. The results of operations of Corebridge are reported as discontinued operations for all periods presented in the Condensed Consolidated Statement of Income (Loss). AIG recognized a loss of $4.7 billion as a result of the deconsolidation (mainly due to the recognition of accumulated comprehensive loss of $7.2 billion). The loss is recorded as a component of discontinued operations. Corebridge was previously reported in Life and Retirement and Other Operations. Subsequent to the Deconsolidation Date, AIG has elected the fair value option and will reflect its retained interest in Corebridge as an equity method investment in Other invested assets in AIG's Condensed Consolidated Balance Sheets using Corebridge’s stock price as its fair value. Dividends received from Corebridge and changes in its stock price are recognized in Net investment income in AIG’s Condensed Consolidated Financial Statements. The following provides financial information related to Corebridge as an equity method investee as if Corebridge was an equity method investee for the periods presented. The “Equity method income (loss) related to Corebridge (based on fair value)” assumes a retained interest in Corebridge of 49.0 percent and is calculated based on the changes in Corebridge’s stock price for the periods presented. Three Months Ended Six Months Ended (in millions) 2024 2023 2024 2023 Corebridge pre-tax income $ 361 $ 980 $ 1,354 $ 347 Equity method income (loss) related to Corebridge (based on fair value) $ 115 $ 482 $ 2,195 $ (706) The following table summarizes the components of assets and liabilities held-for-sale and assets and liabilities of discontinued operations on the Condensed Consolidated Balance Sheets at June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 (in millions) Assets and Corebridge Assets and Assets: Investments: Fixed maturity securities: Bonds available for sale, at fair value, net of allowance for credit losses $ 14 $ 166,657 $ 14 Other bond securities, at fair value — 4,579 — Equity securities, at fair value — 63 — Mortgage and other loans receivable, net of allowance for credit losses — 46,732 — Other invested assets — 9,916 — Short-term investments 15 4,346 1 Total investments 29 232,293 15 Cash 90 618 — Accrued investment income — 2,011 — Premiums and other receivables, net of allowance for credit losses and disputes 42 709 9 Reinsurance assets - Fortitude Re, net of allowance for credit losses and disputes — 26,772 — Reinsurance assets - other, net of allowance for credit losses and disputes 6 2,519 3 Deferred income taxes (10) 8,307 — Deferred policy acquisition costs — 10,782 — Market risk benefit assets, at fair value — 912 — Other assets, net of allowance for credit losses (a) 28 2,820 3 Separate account assets, at fair value — 91,005 — Total assets held for sale/assets of discontinued operations $ 185 $ 378,748 $ 30 Liabilities: Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses $ 24 $ — $ 19 Unearned premiums 12 65 7 Future policy benefits for life and accident and health insurance contracts — 57,946 — Policyholder contract deposits — 161,979 — Market risk benefit liabilities, at fair value — 5,705 — Other policyholder funds — 2,862 — Fortitude Re funds withheld payable — 25,957 — Other liabilities 117 8,790 2 Short-term and long-term debt — 9,420 — Debt of consolidated investment entities — 2,360 — Separate account liabilities — 91,005 — Total liabilities held for sale/liabilities of discontinued operations $ 153 $ 366,089 $ 28 (a) Other assets, net of allowance for credit losses includes goodwill and other intangibles of $116 million and $3 million, respectively, for Corebridge at December 31, 2023. The following table presents the amounts related to the operations of Corebridge that have been reflected in Net income from discontinued operations: Three Months Ended Six Months Ended (in millions) 2024 2023 2024 2023 Revenues: Premiums $ 428 $ 2,442 $ 2,723 $ 4,548 Policy fees 555 693 1,269 1,392 Net investment income 2,314 2,732 5,238 5,420 Net realized gains (losses) (587) (281) (923) (1,680) Other income 155 193 372 375 Total revenues 2,865 5,779 8,679 10,055 Benefits, losses and expenses: Policyholder benefits and losses incurred 811 2,879 3,618 5,372 Change in the fair value of market risk benefits, net 20 (262) (350) (66) Interest credited to policyholder account balances 980 1,063 2,184 2,102 Three Months Ended Six Months Ended (in millions) 2024 2023 2024 2023 Amortization of deferred policy acquisition costs 199 257 465 511 General operating and other expenses 574 772 1,350 1,512 Interest expense 106 149 249 331 Net (gain) loss on divestitures and other (186) (59) (191) (54) Total benefits, losses and expenses 2,504 4,799 7,325 9,708 Income (loss) from discontinued operations before income tax expense (benefit) and loss on disposal of discontinued operations 361 980 1,354 347 Income tax expense (benefit) 36 130 226 (79) Income (loss) from discontinued operations, net of income taxes before loss on disposal of discontinued operations 325 850 1,128 426 Loss on disposition of operations, net of tax (4,684) — (4,684) — Income (loss) from discontinued operations, net of income taxes (4,359) 850 (3,556) 426 Less: Net income (loss) from discontinued operations attributable to noncontrolling interests 93 198 477 81 Net income (loss) from discontinued operations attributable to AIG $ (4,452) $ 652 $ (4,033) $ 345 DISCONTINUED OPERATIONS LOSS PRESENTATION The loss recognized for the deconsolidation of Corebridge includes (i) $8.5 billion of retained investment in Corebridge (Corebridge’s quoted stock price is used for fair value measurement, which is classified as level 1 in the fair value hierarchy), (ii) $817 million of certain other investments (considered level 3 in the fair value hierarchy) which are measured based on valuation techniques (i.e., third party appraisals) that use significant inputs (i.e., terminal capital rate and discount rate), and (iii) $378 million of an unsettled receivable. For details on fair value hierarchy, see Note 5. The loss on deconsolidation of Corebridge is calculated as follows: (in millions) Corebridge retained investment (48.4% 28.90 per share at June 9, 2024) $ 8,502 Retained Interest in certain investment entities and other assets 1,195 Net fair value of assets retained 9,697 Corebridge book value at June 9, 2024 12,392 Less: Noncontrolling interests 5,732 Corebridge book value excluding noncontrolling interest 6,660 Gain on sale pre-tax 3,037 Tax expense 507 Subtotal: After tax gain 2,530 Reclassification adjustment of Accumulated other comprehensive loss at June 9, 2024 (7,214) Loss on sale of Corebridge - after-tax $ (4,684)

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 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: June 30, 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 $ 24 $ 4,385 $ — $ — $ — $ 4,409 Obligations of states, municipalities and political subdivisions — 4,488 4 — — 4,492 Non-U.S. governments 161 7,893 7 — — 8,061 Corporate debt 1 30,427 359 — — 30,787 RMBS — 3,762 2,016 — — 5,778 CMBS — 4,193 94 — — 4,287 CLO/ABS — 3,244 1,275 — — 4,519 Total bonds available for sale 186 58,392 3,755 — — 62,333 Other bond securities: Obligations of states, municipalities and political subdivisions — 50 — — — 50 Non-U.S. governments — 25 — — — 25 Corporate debt — 267 44 — — 311 RMBS — 53 49 — — 102 CMBS — 42 — — — 42 CLO/ABS — 91 145 — — 236 Total other bond securities — 528 238 — — 766 Equity securities 659 16 13 — — 688 Other invested assets (b) 8,567 124 145 — — 8,836 Derivative assets (c) : Interest rate contracts — 263 3 — — 266 Foreign exchange contracts — 256 1 — — 257 Equity contracts — — 35 — — 35 Credit contracts — — 33 — — 33 Other contracts — — 1 — — 1 Counterparty netting and cash collateral — — — (245) (288) (533) Total derivative assets — 519 73 (245) (288) 59 Short-term investments 3,845 4,292 — — — 8,137 Other assets (c) — — 130 — — 130 Total (d) $ 13,257 $ 63,871 $ 4,354 $ (245) $ (288) $ 80,949 Liabilities: Derivative liabilities (c) : Interest rate contracts $ — $ 291 $ — $ — $ — $ 291 Foreign exchange contracts — 324 1 — — 325 Credit contracts — — 33 — — 33 Counterparty netting and cash collateral — — — (245) (180) (425) Total derivative liabilities — 615 34 (245) (180) 224 Fortitude Re funds withheld payable — — (154) — — (154) Other liabilities — — 99 — — 99 Total $ — $ 615 $ (21) $ (245) $ (180) $ 169 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 $ 15 $ 4,380 $ — $ — $ — $ 4,395 Obligations of states, municipalities and political subdivisions — 4,830 3 — — 4,833 Non-U.S. governments 233 8,156 7 — — 8,396 Corporate debt — 32,023 323 — — 32,346 RMBS — 4,415 1,792 — — 6,207 CMBS — 4,122 25 — — 4,147 CLO/ABS — 3,629 1,289 — — 4,918 Total bonds available for sale 248 61,555 3,439 — — 65,242 Other bond securities: Obligations of states, municipalities and political subdivisions — 51 — — — 51 Non-U.S. governments — 24 — — — 24 Corporate debt — 210 45 — — 255 RMBS — 42 51 — — 93 CMBS — 33 — — — 33 CLO/ABS — 69 138 — — 207 Total other bond securities — 429 234 — — 663 Equity securities 612 39 14 — — 665 Other invested assets (b) — 155 221 — — 376 Derivative assets (c) : Interest rate contracts — 335 406 — — 741 Foreign exchange contracts — 450 1 — — 451 Equity contracts — 18 48 — — 66 Credit contracts — — 33 — — 33 Other contracts — — 1 — — 1 Counterparty netting and cash collateral — — — (450) (711) (1,161) Total derivative assets — 803 489 (450) (711) 131 Short-term investments 2,613 6,750 — — — 9,363 Other assets (c) — — 243 — — 243 Total (d) $ 3,473 $ 69,731 $ 4,640 $ (450) $ (711) $ 76,683 Liabilities: Derivative liabilities (c) : Interest rate contracts $ — $ 352 $ — $ — $ — $ 352 Foreign exchange contracts — 561 3 — — 564 Credit contracts — 3 33 — — 36 Counterparty netting and cash collateral — — — (450) (249) (699) Total derivative liabilities — 916 36 (450) (249) 253 Fortitude Re funds withheld payable — — (148) — — (148) Other liabilities — 107 122 — — 229 Total $ — $ 1,023 $ 10 $ (450) $ (249) $ 334 (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 $3.6 billion and $3.8 billion as of June 30, 2024 and December 31, 2023, respectively. As of June 30, 2024 , includes AIG's ownership interest in Corebridge of $8.6 billion on which AIG elected the fair value option. (c) Presented as part of Other assets and Other liabilities on the Condensed Consolidated Balance Sheets. (d) Excludes $22 million and $15 million as of June 30, 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 and six months ended June 30, 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 June 30, 2024 and 2023: (in millions) Fair Value Net Realized Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended June 30, 2024 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 4 $ — $ — $ — $ — $ — $ — $ 4 $ — $ — Non-U.S. governments 7 — — — — — — 7 — — Corporate debt 383 — (2) (22) 36 (36) — 359 — (2) RMBS 1,766 24 (29) (75) 287 (1) 44 2,016 — (30) CMBS 43 (4) 6 (18) 68 (1) — 94 — — CLO/ABS 1,284 3 3 (47) 44 (12) — 1,275 — 3 Total bonds available for sale 3,487 23 (22) (162) 435 (50) 44 3,755 — (29) Other bond securities: Corporate Debt 46 1 — — — — (3) 44 — — RMBS 53 — — (2) — (2) — 49 — — CLO/ABS 144 1 — (3) 2 — 1 145 1 — Total other bond securities 243 2 — (5) 2 (2) (2) 238 1 — Equity securities 13 — — — — — — 13 — — Other invested assets 183 (4) — (36) — — 2 145 (1) — Other assets 129 — — 1 — — — 130 — — Total $ 4,055 $ 21 $ (22) $ (202) $ 437 $ (52) $ 44 $ 4,281 $ — $ (29) (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Derivative liabilities, net: Interest rate contracts $ (128) $ (8) $ — $ 133 $ — $ — $ — $ (3) $ — $ — Foreign exchange contracts 2 (2) — — — — — — — — Equity contracts (56) (2) — 23 — — — (35) 2 — Other contracts (1) — — — — — — (1) 1 — Total derivative liabilities, net (a) (183) (12) — 156 — — — (39) 3 — Fortitude Re funds withheld payable (119) (8) — (27) — — — (154) 33 — Other Liabilities 92 28 — (21) — — — 99 — — Total $ (210) $ 8 $ — $ 108 $ — $ — $ — $ (94) $ 36 $ — (in millions) Fair Value Net Realized Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended June 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 15 $ — $ 1 $ — $ — $ — $ — $ 16 $ — $ — Non-U.S. governments 9 — 1 (2) — (2) — 6 — 1 Corporate debt 728 (4) 10 (131) 1 (186) — 418 — 4 RMBS 1,896 30 56 (36) — (43) (35) 1,868 — 56 CMBS 220 (22) (2) — — (148) — 48 — (4) CLO/ABS 1,524 (15) 3 (99) 6 (32) 9 1,396 — (9) Total bonds available for sale 4,392 (11) 69 (268) 7 (411) (26) 3,752 — 48 Other bond securities: Corporate debt — — — 44 — — — 44 — — RMBS 52 2 — (2) — — — 52 (4) — CLO/ABS 176 (3) — (19) — — — 154 (25) — Total other bond securities 228 (1) — 23 — — — 250 (29) — Equity securities 25 2 — — 2 (1) — 28 2 — Other invested assets 235 1 — (9) — — — 227 (3) — Other assets 110 — — 1 — — — 111 — — Total $ 4,990 $ (9) $ 69 $ (253) $ 9 $ (412) $ (26) $ 4,368 $ (30) $ 48 (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Derivative liabilities, net: Interest rate contracts $ (355) $ 26 $ — $ (10) $ — $ — $ — $ (339) $ — $ (21) Foreign exchange contracts — 2 — — — — — 2 — (2) Equity contracts (328) 2 — (73) — — — (399) 4 — Credit contracts — (1) — 1 — — — — — — Other contracts (1) — — — — — — (1) 1 — Total derivative liabilities, net(a) (684) 29 — (82) — — — (737) 5 (23) Fortitude Re funds withheld payable (167) (58) — (44) — — — (269) 78 — Other liabilities 112 (14) — — — — — 98 — — Total $ (739) $ (43) $ — $ (126) $ — $ — $ — $ (908) $ 83 $ (23) (in millions) Fair Value Net Realized Other Purchases, Gross Gross Other Fair Changes in Changes in Six Months Ended June 30, 2024 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 3 $ — $ — $ 1 $ — $ — $ — $ 4 $ — $ — Non-U.S. governments 7 — — — — — — 7 — — Corporate debt 323 1 (2) (60) 134 (37) — 359 — (1) RMBS 1,792 47 (2) (150) 287 (2) 44 2,016 — (2) CMBS 25 (4) 6 (18) 85 — — 94 — 1 CLO/ABS 1,289 (12) 32 (66) 44 (12) — 1,275 — 29 Total bonds available for sale 3,439 32 34 (293) 550 (51) 44 3,755 — 27 Other bond securities: Corporate debt 45 1 — — — — (2) 44 — — RMBS 51 — — — — (2) — 49 — — CLO/ABS 138 — — 5 2 — — 145 (1) — Total other bond securities 234 1 — 5 2 (2) (2) 238 (1) — Equity securities 14 — — — — (1) — 13 1 — Other invested assets 221 (13) — (39) — (13) (11) 145 (12) — Other assets 243 — — (113) — — — 130 — — Total $ 4,151 $ 20 $ 34 $ (440) $ 552 $ (67) $ 31 $ 4,281 $ (12) $ 27 (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Derivative liabilities, net: Interest rate contracts $ (406) $ 61 $ — $ 342 $ — $ — $ — $ (3) $ (3) $ — Foreign exchange contracts 2 (2) — — — — — — — — Equity contracts (48) (18) — 31 — — — (35) 10 — Other contracts (1) (1) — 1 — — — (1) 1 — Total derivative liabilities, net (a) (453) 40 — 374 — — — (39) 8 — Fortitude Re funds withheld payable (148) 1 — (7) — — — (154) 47 — Other Liabilities 122 (2) — (21) — — — 99 — — Total $ (479) $ 39 $ — $ 346 $ — $ — $ — $ (94) $ 55 $ — (in millions) Fair Value Net Realized Other Purchases, Gross Gross Other Fair Changes in Changes in Six Months Ended June 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 20 $ — $ 1 $ (5) $ — $ — $ — $ 16 $ — $ 1 Non-U.S. governments 2 — 1 (2) 7 (2) — 6 — 1 Corporate debt 879 (4) 17 (347) 108 (235) — 418 — 3 RMBS 1,884 59 26 (18) — (48) (35) 1,868 — 24 CMBS 207 (22) (1) 1 11 (148) — 48 — (12) CLO/ABS 1,483 (12) 20 (83) 17 (42) 13 1,396 — 12 Total bonds available for sale 4,475 21 64 (454) 143 (475) (22) 3,752 — 29 Other bond securities: Corporate debt — — — 44 — — — 44 — — RMBS 65 2 — (15) — — — 52 (9) — CLO/ABS 158 1 — (13) — (3) 11 154 (23) — Total other bond securities 223 3 — 16 — (3) 11 250 (32) — Equity securities 13 2 — 4 10 (1) — 28 2 — Other invested assets 244 (7) — (10) — — — 227 (10) — Other assets 107 — — 4 — — — 111 — — Total $ 5,062 $ 19 $ 64 $ (440) $ 153 $ (479) $ (11) $ 4,368 $ (40) $ 29 (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Derivative liabilities, net: Interest rate contracts $ (311) $ 84 $ — $ (112) $ — $ — $ — $ (339) $ — $ (29) Foreign exchange contracts — 2 — — — — — 2 — (2) Equity contracts (271) (69) — (59) — — — (399) 63 — Credit contracts — (1) — 1 — — — — — — Other contracts (1) (1) — 1 — — — (1) 1 — Total derivative liabilities, net (a) (583) 15 — (169) — — — (737) 64 (31) Fortitude Re funds withheld payable (41) 82 — (310) — — — (269) (48) — Other liabilities 112 (14) — — — — — 98 — — Total $ (512) $ 83 $ — $ (479) $ — $ — $ — $ (908) $ 16 $ (31) (a) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only. 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 Total Three Months Ended June 30, 2024 Assets: Bonds available for sale $ 25 $ (2) $ 23 Other bond securities 2 — 2 Other invested assets (4) — (4) Three Months Ended June 30, 2023 Assets: Bonds available for sale $ 4 $ (15) $ (11) Other bond securities (1) — (1) Equity securities 2 — 2 Other invested assets 1 — 1 Six Months Ended June 30, 2024 Assets: Bonds available for sale $ 40 $ (8) $ 32 Other bond securities 1 — 1 Other invested assets (13) — (13) Six Months Ended June 30, 2023 Assets: Bonds available for sale $ 37 $ (16) $ 21 Other bond securities 3 — 3 Equity securities 2 — 2 Other invested assets (7) — (7) (in millions) Net Net Realized Total Three Months Ended June 30, 2024 Liabilities: Derivative liabilities, net $ — $ (12) $ (12) Fortitude Re funds withheld payable — (8) (8) Other Liabilities — 28 28 Three Months Ended June 30, 2023 Liabilities: Derivative liabilities, net $ — $ 29 $ 29 Fortitude Re funds withheld payable — (58) (58) Other Liabilities — (14) (14) Six Months Ended June 30, 2024 Liabilities: Derivative liabilities, net $ — $ 40 $ 40 Fortitude Re funds withheld payable — 1 1 Other Liabilities — (2) (2) Six Months Ended June 30, 2023 Liabilities: Derivative liabilities, net $ — $ 15 $ 15 Fortitude Re funds withheld payable — 82 82 Other Liabilities — (14) (14) The following table presents the gross components of purchases, sales, issuances and settlements, net, shown above, for the three and six months ended June 30, 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 June 30, 2024 Assets: Bonds available for sale: Non-U.S. governments $ 4 $ — $ (4) $ — Corporate debt 5 — (27) (22) RMBS — — (75) (75) CMBS — — (18) (18) CLO/ABS 6 — (53) (47) Total bonds available for sale 15 — (177) (162) Other bond securities: RMBS — (1) (1) (2) CLO/ABS — — (3) (3) Total other bond securities — (1) (4) (5) Other invested assets — — (36) (36) Other assets — — 1 1 Total $ 15 $ (1) $ (216) $ (202) Liabilities: Derivative liabilities, net $ — $ — $ 156 $ 156 Fortitude Re funds withheld payable — — (27) (27) Other liabilities — — (21) (21) Total $ — $ — $ 108 $ 108 Three Months Ended June 30, 2023 Assets: Bonds available for sale: Non-U.S. governments $ — $ — $ (2) $ (2) Corporate debt — — (131) (131) RMBS 46 — (82) (36) CMBS — (5) 5 — CLO/ABS 77 (148) (28) (99) Total bonds available for sale 123 (153) (238) (268) Other bond securities: Corporate debt 20 — 24 44 RMBS — — (2) (2) CLO/ABS — 4 (23) (19) Total other bond securities 20 4 (1) 23 Other invested assets (1) — (8) (9) Other assets — — 1 1 Total $ 142 $ (149) $ (246) $ (253) Liabilities: Derivative liabilities, net $ (105) $ 1 $ 22 $ (82) Fortitude Re funds withheld payable — — (44) (44) Total $ (105) $ 1 $ (22) $ (126) (in millions) Purchases Sales Issuances and Settlements (a) Purchases, Sales, Issuances and Settlements, Net (a) Six Months Ended June 30, 2024 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 1 $ — $ — $ 1 Non-U.S. governments 4 — (4) — Corporate debt 11 (3) (68) (60) RMBS — (1) (149) (150) CMBS — — (18) (18) CLO/ABS 66 (2) (130) (66) Total bonds available for sale 82 (6) (369) (293) Other bond securities: RMBS 3 (1) (2) — CLO/ABS 11 — (6) 5 Total other bond securities 14 (1) (8) 5 Other invested assets 1 — (40) (39) Other assets — — (113) (113) Total $ 97 $ (7) $ (530) $ (440) Liabilities: Derivative liabilities, net $ — $ — $ 374 $ 374 Fortitude Re funds withheld payable — — (7) (7) Other Liabilities — — (21) (21) Total $ — $ — $ 346 $ 346 Six Months Ended June 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 1 $ (4) $ (2) $ (5) Non-U.S. governments — — (2) (2) Corporate Debt 8 — (355) (347) RMBS 170 (19) (169) (18) CMBS 1 (5) 5 1 CLO/ABS 107 (151) (39) (83) Total bonds available for sale 287 (179) (562) (454) Other bond securities: Corporate debt 20 — 24 44 RMBS — — (15) (15) CLO/ABS 14 — (27) (13) Total other bond securities 34 — (18) 16 Equity securities 5 — (1) 4 Other invested assets 1 — (11) (10) Other assets — — 4 4 Total $ 327 $ (179) $ (588) $ (440) Liabilities: Derivative liabilities, net $ (316) $ 4 $ 143 $ (169) Fortitude Re funds withheld payable — — (310) (310) Total $ (316) $ 4 $ (167) $ (479) (a) There were no issuances during the three and six months ended June 30, 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 June 30, 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 Other comprehensive income (loss) (OCI) as shown in the table above excludes $(24) million and $(27) million of net gains (losses) related to assets and liabilities transferred into Level 3 during the three and six months ended June 30, 2024, respectively, and includes $1 million and $1 million of net gains (losses) related to assets and liabilities transferred out of Level 3 during the three and six months ended June 30, 2024, respectively. The Net realized and unrealized gains (losses) included in income (loss) or OCI as shown in the table above excludes $0 million and $1 million of net gains (losses) related to assets and liabilities transferred into Level 3 during the three and six months ended June 30, 2023, respectively, and includes $(9) million and $(9) million of net gains (losses) related to assets and liabilities transferred out of Level 3 during the three and six months ended June 30, 2023, respectively. Transfers of Level 3 Assets During the three and six months ended June 30, 2024 and 2023, transfers into Level 3 assets primarily included certain investments in private placement corporate debt, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities (RMBS) 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, RMBS, CLO and certain ABS into Level 3 assets were due to diminished market transparency and liquidity for individual security types. During the three and six months ended June 30, 2024 and 2023, transfers out of Level 3 assets primarily included certain investments in private placement corporate debt and CMBS. Transfers of private placement corporate debt 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 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 and six months ended June 30, 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 $ 4 Discounted cash flow Yield 5.09% - 5.47% (5.28%) Corporate debt 306 Discounted cash flow Yield 5.69% - 10.38% (8.04%) RMBS (a) 1,268 Discounted cash flow Constant prepayment rate 4.58% - 10.68% (7.63%) Loss severity 41.73% - 76.79% (59.26%) Constant default rate 0.77% - 2.62% (1.70%) Yield 6.30% - 7.61% (6.96%) CLO/ABS (a) 1,163 Discounted cash flow Yield 5.47% - 8.82% (7.15%) CMBS 14 Discounted cash flow Yield 7.22% - 15.19% (11.20%) (in millions) Fair Value at Valuation Unobservable Input (b) Range (Weighted Average) (c) Assets: Obligations of states, municipalities and political subdivisions $ 3 Discounted cash flow Yield 5.00% - 5.50% (5.23%) Corporate debt 332 Discounted cash flow Yield 5.16% - 9.62% (7.39%) RMBS (a) 1,341 Discounted cash flow Constant prepayment rate 4.43% - 10.30% (7.36%) Loss severity 43.21% - 76.65% (59.93%) Constant default rate 0.82% - 2.64% (1.73%) Yield 6.18% - 7.42% (6.80%) CLO/ABS (a) 1,100 Discounted cash flow Yield 5.31% - 8.56% (6.94%) CMBS 22 Discounted cash flow Yield 9.84% - 17.24% (13.54%) (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. 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. INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING 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. June 30, 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 $ 1,212 $ 479 $ 1,171 $ 558 Real assets Investments in real estate properties, agricultural and infrastructure assets, including power plants and other energy producing assets 839 308 870 344 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 77 45 67 50 Growth equity Funds that make investments in established companies for the purpose of growing their businesses 204 13 196 9 Mezzanine Funds that make investments in the junior debt and equity securities of leveraged companies 129 54 140 56 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 901 60 944 64 Total private equity funds 3,362 959 3,388 1,081 Hedge funds: Event-driven Securities of companies undergoing material structural changes, including mergers, acquisitions and other reorganizations 13 — 13 — Long-short Securities that the manager believes are undervalued, with corresponding short positions to hedge market risk 168 — 389 — Macro Investments that take long and short positions in financial instruments based on a top-down view of certain economic and capital market conditions — — — — 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 7 — 9 — Total hedge funds 188 — 411 — Total $ 3,550 $ 959 $ 3,799 $ 1,081 Private equity fund investments included above are not redeemable, because distributions from the funds will be received when underlying investments of the funds are liquidated. Private equity funds are generally expected to have 10-year lives at their inception, but these lives may be extended at the fund manager’s discretion, typically in one-year or two-year increments. The majority of our hedge fund investments are redeemable upon a single month or quarter’s notice, though redemption terms vary from single, immediate withdrawals, to withdrawals staggered up to eight quarters. Some of the portfolio consists of illiquid run-off or “side-pocket” positions whose liquidation horizons are uncertain and likely beyond a year after submission of the redemption notice. FAIR VALUE OPTION The following table presents the gains or losses recorded related to the eligible instruments for which we elected the fair value option: Gain (Loss) Three Months Gain (Loss) Six Months (in millions) 2024 2023 2024 2023 Other bond securities (a) $ 5 $ (11) $ 7 $ 9 Alternative investments (b) 28 54 108 130 All other investments (c) 65 — 65 — Total gain (loss) $ 98 $ 43 $ 180 $ 139 (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 real estate investments. (c) Represents the impact of changes in Corebridge stock price on the value of AIG's ownership interest in Corebridge. We calculate the effect of these credit spread changes using discounted cash flow techniques that incorporate current market interest rates, our observable credit spreads on these liabilities and other factors that mitigate the risk of nonperformance such as cash collateral posted. FAIR VALUE INFORMATION ABOUT FINANCIAL INSTRUMENTS NOT MEASURED AT FAIR VALUE The following table presents the carrying amounts and estimated fair values of our financial instruments not measured at fair value and indicates the level in the fair value hierarchy of the estimated fair value measurement based on the observability of the inputs used: Estimated Fair Value Carrying (in millions) Level 1 Level 2 Level 3 Total June 30, 2024 Assets: Mortgage and other loans receivable $ — $ 341 $ 3,871 $ 4,212 $ 4,347 Other invested assets — 591 6 597 597 Short-term investments (a) — 4,426 — 4,426 4,426 Cash (b) 1,381 — — 1,381 1,381 Other assets 18 — — 18 18 Liabilities: Fortitude Re funds withheld payable — — 3,518 3,518 3,518 Long-term debt — 8,867 235 9,102 9,861 Debt of consolidated investment entities — — 79 79 79 Estimated Fair Value Carrying (in millions) Level 1 Level 2 Level 3 Total December 31, 2023 Assets: Mortgage and other loans receivable $ — $ 242 $ 4,113 $ 4,355 $ 4,441 Other invested assets — 645 6 651 651 Short-term investments — 3,502 — 3,502 3,502 Cash 1,540 — — 1,540 1,540 Other assets 32 — — 32 32 Liabilities: Fortitude Re funds withheld payable — — 3,675 3,675 3,675 Long-term debt — 9,623 267 9,890 10,375 Debt of consolidated investment entities — — 231 231 231 (a) Excludes $7 million at June 30, 2024 reclassified to Assets held for sale on the Condensed Consolidated Balance Sheets. (b)

Investments

Investments	6 Months Ended
	Jun. 30, 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 Gross Unrealized Losses Fair Value June 30, 2024 Bonds available for sale: U.S. government and government sponsored entities $ 4,511 $ — $ 15 $ (117) $ 4,409 Obligations of states, municipalities and political subdivisions 4,635 — 32 (175) 4,492 Non-U.S. governments 8,649 — 67 (655) 8,061 Corporate debt 32,503 (24) 481 (2,173) 30,787 Mortgage-backed, asset-backed and collateralized: RMBS 6,041 (5) 197 (455) 5,778 CMBS 4,431 (4) 19 (159) 4,287 CLO/ABS 4,556 — 36 (73) 4,519 Total mortgage-backed, asset-backed and collateralized 15,028 (9) 252 (687) 14,584 Total bonds available for sale (b) $ 65,326 $ (33) $ 847 $ (3,807) $ 62,333 December 31, 2023 Bonds available for sale: U.S. government and government sponsored entities $ 4,444 $ — $ 40 $ (89) $ 4,395 Obligations of states, municipalities and political subdivisions 4,930 — 60 (157) 4,833 Non-U.S. governments 8,973 (1) 94 (670) 8,396 Corporate debt 34,013 (20) 606 (2,253) 32,346 Mortgage-backed, asset-backed and collateralized: RMBS 6,423 (9) 219 (426) 6,207 CMBS 4,326 (4) 23 (198) 4,147 CLO/ABS 5,010 — 31 (123) 4,918 Total mortgage-backed, asset-backed and collateralized 15,759 (13) 273 (747) 15,272 Total bonds available for sale (b) $ 68,119 $ (34) $ 1,073 $ (3,916) $ 65,242 (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 June 30, 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 $4.8 billion or 8 percent and $5.2 billion or 8 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 June 30, 2024 Bonds available for sale: U.S. government and government sponsored entities $ 2,137 $ 20 $ 1,274 $ 97 $ 3,411 $ 117 Obligations of states, municipalities and political subdivisions 1,529 31 1,904 144 3,433 175 Non-U.S. governments 1,492 44 4,504 611 5,996 655 Corporate debt 5,683 112 16,911 2,050 22,594 2,162 RMBS 1,114 48 2,752 398 3,866 446 CMBS 999 17 1,991 136 2,990 153 CLO/ABS 932 19 782 54 1,714 73 Total bonds available for sale $ 13,886 $ 291 $ 30,118 $ 3,490 $ 44,004 $ 3,781 Less than 12 Months 12 Months or More Total (in millions) Fair Gross Fair Gross Fair Gross December 31, 2023 Bonds available for sale: U.S. government and government sponsored entities $ 1,027 $ 10 $ 804 $ 79 $ 1,831 $ 89 Obligations of states, municipalities and political subdivisions 850 24 1,602 133 2,452 157 Non-U.S. governments 1,431 87 4,503 583 5,934 670 Corporate debt 4,089 171 18,612 2,070 22,701 2,241 RMBS 1,456 114 2,385 300 3,841 414 CMBS 1,024 54 1,622 137 2,646 191 CLO/ABS 1,371 33 1,509 90 2,880 123 Total bonds available for sale $ 11,248 $ 493 $ 31,037 $ 3,392 $ 42,285 $ 3,885 At June 30, 2024, we held 13,477 individual fixed maturity securities that were in an unrealized loss position and for which no allowance for credit losses has been recorded (including 9,923 individual fixed maturity securities that were in a continuous unrealized loss position for 12 months or more). At December 31, 2023, we held 13,052 individual fixed maturity securities that were in an unrealized loss position and for which no allowance for credit losses has been recorded (including 10,027 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 June 30, 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: June 30, 2024 Total Fixed Maturity Securities (in millions) Amortized Cost, Fair Value Due in one year or less $ 4,441 $ 4,383 Due after one year through five years 24,968 24,177 Due after five years through ten years 16,122 15,111 Due after ten years 4,743 4,078 Mortgage-backed, asset-backed and collateralized 15,019 14,584 Total $ 65,293 $ 62,333 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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 (in millions) Gross Gross Gross Gross Gross Gross Gross Gross Fixed maturity securities $ 28 $ 197 $ 24 $ 119 $ 43 $ 313 $ 118 $ 577 For the three and six months ended June 30, 2024, the aggregate fair value of available for sale securities sold was $2.6 billion and $5.0 billion, respectively, which resulted in net realized gains (losses) of $(169) million and $(270) million, respectively. Included within the net realized gains (losses) are $(1) million and $(16) million of net realized gains (losses) for the three and six months ended June 30, 2024, respectively, which relate to Fortitude Re funds withheld assets. These net realized gains (losses) are included in Net realized gains (losses) on Fortitude Re funds withheld assets. For the three and six months ended June 30, 2023, the aggregate fair value of available for sale securities sold was $2.6 billion and $10.7 billion, respectively, which resulted in net realized gains (losses) of $(95) million and $(459) million, respectively. Included within the net realized gains (losses) are $(7) million and $(59) million of net realized gains (losses) for the three and six months ended June 30, 2023, respectively, which relate to Fortitude Re funds withheld assets. These net realized gains (losses) are included in Net realized gains (losses) on Fortitude Re funds withheld assets. 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) June 30, 2024 December 31, 2023 Fair Percent Fair Percent Fixed maturity securities: Obligations of states, municipalities and political subdivisions $ 50 3 % $ 51 4 % Non-U.S. governments 25 2 24 2 Corporate debt 311 21 255 19 Mortgage-backed, asset-backed and collateralized: RMBS 102 7 93 7 CMBS 42 3 33 2 CLO/ABS and other collateralized securities 236 16 207 16 Total mortgage-backed, asset-backed and collateralized 380 26 333 25 Total fixed maturity securities 766 52 663 50 Equity securities 688 48 665 50 Total $ 1,454 100 % $ 1,328 100 % OTHER INVESTED ASSETS The following table summarizes the carrying amounts of other invested assets: (in millions) June 30, 2024 December 31, 2023 Alternative investments (a)(b) $ 4,283 $ 4,345 Retained investment in Corebridge using fair value option 8,567 — All other investments 1,938 2,023 Total $ 14,788 $ 6,368 (a) At June 30, 2024, included hedge funds of $188 million and private equity funds of $3.9 billion. At December 31, 2023, included hedge funds of $411 million and private equity funds of $3.7 billion. Includes investments in real estate, net of accumulated depreciation. At June 30, 2024 and December 31, 2023, the accumulated depreciation was $162 million and $161 million, respectively. (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. NET INVESTMENT INCOME The following table presents the components of Net investment income: Three Months Ended June 30, 2024 2023 (in millions) Excluding Fortitude Fortitude Re Total Excluding Fortitude Fortitude Re Total Available for sale fixed maturity securities, including short-term investments $ 723 $ 20 $ 743 $ 714 $ 24 $ 738 Other fixed maturity securities 1 4 5 (1) (10) (11) Equity securities (4) — (4) 41 — 41 Interest on mortgage and other loans 65 8 73 73 9 82 Alternative investments (a) 32 — 32 44 — 44 Other investments (b) 177 1 178 (6) 2 (4) Total investment income 994 33 1,027 865 25 890 Investment expenses 37 — 37 53 — 53 Net investment income $ 957 $ 33 $ 990 $ 812 $ 25 $ 837 Six Months Ended June 30, 2024 2023 (in millions) Excluding Fortitude Fortitude Re Total Excluding Fortitude Fortitude Re Total Available for sale fixed maturity securities, including short-term investments $ 1,488 $ 42 $ 1,530 $ 1,354 $ 50 $ 1,404 Other fixed maturity securities (4) 11 7 2 7 9 Equity securities 84 — 84 62 — 62 Interest on mortgage and other loans 133 17 150 139 18 157 Alternative investments (a) 87 (1) 86 139 — 139 Other investments (b) 199 3 202 8 2 10 Total investment income 1,987 72 2,059 1,704 77 1,781 Investment expenses 90 — 90 100 — 100 Net investment income $ 1,897 $ 72 $ 1,969 $ 1,604 $ 77 $ 1,681 (a) Included income from hedge funds, private equity funds and real estate investments. Hedge funds are recorded as of the balance sheet date. Private equity funds are generally reported on a one-quarter lag. (b) Includes dividends received from Corebridge and changes in its stock price of $68 million and $65 million, respectively, for both three and six months ended June 30, 2024. NET REALIZED GAINS AND LOSSES The following table presents the components of Net realized gains (losses): Three Months Ended June 30, 2024 2023 (in millions) Excluding Fortitude Total Excluding Fortitude Total Sales of fixed maturity securities $ (168) $ (1) $ (169) $ (88) $ (7) $ (95) Change in allowance for credit losses on fixed maturity securities (18) — (18) (30) — (30) Change in allowance for credit losses on loans (12) 3 (9) 1 1 2 Foreign exchange transactions 52 — 52 123 2 125 All other derivatives and hedge accounting (21) — (21) (89) (3) (92) Sales of alternative investments 4 — 4 — — — Other (24) (3) (27) 18 — 18 Net realized losses – excluding Fortitude Re funds withheld embedded derivative (187) (1) (188) (65) (7) (72) Net realized gains on Fortitude Re funds withheld embedded derivative — 8 8 — 58 58 Net realized gains (losses) $ (187) $ 7 $ (180) $ (65) $ 51 $ (14) Six Months Ended June 30, 2024 2023 (in millions) Excluding Fortitude Total Excluding Fortitude Total Sales of fixed maturity securities $ (254) $ (16) $ (270) $ (400) $ (59) $ (459) Change in allowance for credit losses on fixed maturity securities (19) — (19) (24) — (24) Change in allowance for credit losses on loans (20) 1 (19) (7) (1) (8) Foreign exchange transactions 111 (3) 108 155 5 160 All other derivatives and hedge accounting (69) 2 (67) (113) (6) (119) Sales of alternative investments 14 (1) 13 1 — 1 Other (9) (3) (12) 6 — 6 Net realized gains (losses) – excluding Fortitude Re funds withheld embedded derivative (246) (20) (266) (382) (61) (443) Net realized losses on Fortitude Re funds withheld embedded derivative — (1) (1) — (82) (82) Net realized gains (losses) $ (246) $ (21) $ (267) $ (382) $ (143) $ (525) 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 Six Months Ended (in millions) 2024 2023 2024 2023 Increase (decrease) in unrealized appreciation (depreciation) of investments: Fixed maturity securities $ 15 $ (180) $ (117) $ 829 Other investments (39) — (39) — Total increase (decrease) in unrealized appreciation (depreciation) of investments* $ (24) $ (180) $ (156) $ 829 * Excludes net unrealized gains and losses attributable to businesses held for sale or reclassified to discontinued operations at June 30, 2024 and 2023. The following table summarizes the unrealized gains and losses recognized in Net investment income during the reporting period on equity securities and other investments still held at the reporting date: Three Months Ended June 30, 2024 2023 (in millions) Equities Other Invested Assets* Total Equities Other Invested Assets Total Net gains (losses) recognized during the period on equity securities and other investments $ (4) $ 109 $ 105 $ 41 $ 64 $ 105 Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period 3 25 28 (12) 8 (4) Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date $ (7) $ 84 $ 77 $ 53 $ 56 $ 109 Six Months Ended June 30, 2024 2023 (in millions) Equities Other Invested Assets* Total Equities Other Invested Assets Total Net gains recognized during the period on equity securities and other investments $ 84 $ 192 $ 276 $ 62 $ 143 $ 205 Less: Net gains recognized during the period on equity securities and other investments sold during the period 43 24 67 76 9 85 Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date $ 41 $ 168 $ 209 $ (14) $ 134 $ 120 * Includes unrealized gain on AIG’s ownership interest in Corebridge of $65 million in the three and six months ended June 30, 2024. 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 June 30, 2024 2023 (in millions) Structured Non- Total Structured Non- Total Balance, beginning of period $ 3 $ 25 $ 28 $ 16 $ 12 $ 28 Additions: Securities for which allowance for credit losses were not previously recorded 1 5 6 1 23 24 Reductions: Securities sold during the period — (1) (1) (2) (1) (3) 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 2 10 12 1 5 6 Write-offs charged against the allowance — (14) (14) (10) (11) (21) Other — 2 2 1 (1) — Balance, end of period $ 6 $ 27 $ 33 $ 7 $ 27 $ 34 Six Months Ended June 30, 2024 2023 (in millions) Structured Non- Total Structured Non- Total Balance, beginning of year $ 13 $ 21 $ 34 $ 20 $ 17 $ 37 Additions: Securities for which allowance for credit losses were not previously recorded 1 9 10 2 28 30 Reductions: Securities sold during the period — — — (2) (3) (5) 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 (8) 17 9 (3) (3) (6) Write-offs charged against the allowance — (22) (22) (10) (11) (21) Other — 2 2 — (1) (1) Balance, end of period $ 6 $ 27 $ 33 $ 7 $ 27 $ 34 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 six months ended June 30, 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) June 30, 2024 December 31, 2023 Fixed maturity securities available for sale $ — $ 106 At June 30, 2024 and December 31, 2023, amounts borrowed under repurchase and securities lending agreements totaled $0 million and $107 million, 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 December 31, 2023 Bonds available for sale: Non-U.S. governments $ — $ 106 $ — $ — $ — $ 106 Corporate debt — — — — — — Total $ — $ 106 $ — $ — $ — $ 106 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) June 30, 2024 December 31, 2023 Securities collateral pledged to us $ 1,700 $ 1,200 At June 30, 2024 and December 31, 2023, the carrying value of reverse repurchase agreements totaled $1.7 billion 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 $8.5 billion and $8.4 billion at June 30, 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 $14 million and $15 million of stock in FHLBs at June 30, 2024 and December 31, 2023, respectively. In addition, our subsidiaries have pledged securities available for sale with a fair value of $1.7 billion at June 30, 2024 and $1.7 billion at December 31, 2023. 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 June 30, 2024 and December 31, 2023, respectively. Reinsurance transactions between AIG and Fortitude Re were structured as modified coinsurance (modco) and loss portfolio transfer arrangements with funds withheld.

Lending Activities

Lending Activities	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Lending Activities	7. Lending Activities The following table presents the composition of Mortgage and other loans receivable, net: (in millions) June 30, 2024 December 31, 2023 Commercial mortgages (a) $ 3,728 $ 3,836 Life insurance policy loans 6 7 Commercial loans, other loans and notes receivable (b) 776 738 Total mortgage and other loans receivable (c) 4,510 4,581 Allowance for credit losses (c) (d) (163) (140) Mortgage and other loans receivable, net (c) $ 4,347 $ 4,441 (a) Commercial mortgages primarily represent loans for apartments, offices and retail properties, with exposures in California and New York representing the largest geographic concentrations (aggregating approximately 12 percent and 10 percent, respectively, at June 30, 2024 and 13 percent and 10 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 June 30, 2024 and December 31, 2023. (c) Excludes $37.6 billion at both June 30, 2024 and December 31, 2023 of loans 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 $5 million and $9 million, respectively, at June 30, 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 June 30, 2024 and December 31, 2023, $241 million and $73 million, respectively, of commercial mortgage loans 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 June 30, 2024 and December 31, 2023, accrued interest receivable was $20 million and $21 million, respectively, associated with commercial mortgage loans. 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: June 30, 2024 2024 2023 2022 2021 2020 Prior Total (in millions) >1.2X $ 33 $ 460 $ 183 $ 407 $ 102 $ 1,719 $ 2,904 1.00 - 1.20X 19 33 48 285 56 247 688 <1.00X — — 11 — — 125 136 Total commercial mortgages $ 52 $ 493 $ 242 $ 692 $ 158 $ 2,091 $ 3,728 December 31, 2023 2023 2022 2021 2020 2019 Prior Total (in millions) >1.2X $ 398 $ 167 $ 394 $ 135 $ 156 $ 1,784 $ 3,034 1.00 - 1.20X 5 71 254 56 21 298 705 <1.00X — 11 — — — 86 97 Total commercial mortgages $ 403 $ 249 $ 648 $ 191 $ 177 $ 2,168 $ 3,836 The following table presents loan-to-value ratios (b) for commercial mortgages by year of vintage: June 30, 2024 2024 2023 2022 2021 2020 Prior Total (in millions) Less than 65% $ 33 $ 357 $ 154 $ 506 $ 150 $ 1,400 $ 2,600 65% to 75% 19 81 46 134 — 302 582 76% to 80% — — — — — 62 62 Greater than 80% — 55 42 52 8 327 484 Total commercial mortgages $ 52 $ 493 $ 242 $ 692 $ 158 $ 2,091 $ 3,728 December 31, 2023 2023 2022 2021 2020 2019 Prior Total (in millions) Less than 65% $ 359 $ 159 $ 492 $ 177 $ 156 $ 1,385 $ 2,728 65% to 75% 10 15 137 — 21 367 550 76% to 80% — 32 10 — — — 42 Greater than 80% 34 43 9 14 — 416 516 Total commercial mortgages $ 403 $ 249 $ 648 $ 191 $ 177 $ 2,168 $ 3,836 (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 1.8x at both periods ended June 30, 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 64 percent and 62 percent at June 30, 2024 and December 31, 2023, respectively. 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 June 30, 2024 Past Due Status: In good standing 206 $ 1,241 $ 1,073 $ 422 $ 446 $ 243 $ 120 $ 3,545 95 % 90 days or less delinquent 1 — 112 — — — — 112 3 >90 days delinquent or in process of foreclosure 3 — 10 61 — — — 71 2 Total* 210 $ 1,241 $ 1,195 $ 483 $ 446 $ 243 $ 120 $ 3,728 100 % Allowance for credit losses $ 6 $ 99 $ 34 $ 9 $ 12 $ 2 $ 162 4 % Number Class Percent (dollars in millions) Apartments Offices Retail Industrial Hotel Others Total December 31, 2023 Past Due Status: In good standing 211 $ 1,267 $ 1,212 $ 476 $ 460 $ 247 $ 121 $ 3,783 99 % 90 days or less delinquent 1 — 11 — — — — 11 — >90 days delinquent or in process of foreclosure 1 — — 42 — — — 42 1 Total* 213 $ 1,267 $ 1,223 $ 518 $ 460 $ 247 $ 121 $ 3,836 100 % Allowance for credit losses $ 9 $ 75 $ 36 $ 7 $ 9 $ 2 $ 138 4 % * Does not reflect allowance for credit losses. 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 June 30, 2024 (b) 2023 (in millions) Commercial Other Total Commercial Other Total Allowance, beginning of period $ 150 $ 3 $ 153 $ 119 $ 8 $ 127 Loans charged off — — — (2) — (2) Net charge-offs — — — (2) — (2) Addition to (release of) allowance for loan losses 12 (2) 10 (1) (5) (6) Allowance, end of period $ 162 $ 1 $ 163 $ 116 $ 3 $ 119 Six Months Ended June 30, 2024 (b) 2023 (in millions) Commercial Other Total Commercial Other Total Allowance, beginning of year $ 138 $ 2 $ 140 $ 109 $ 8 $ 117 Loans charged off — — — (2) — (2) Net charge-offs — — — (2) — (2) Addition to (release of) allowance for loan losses 24 (1) 23 9 (5) 4 Allowance, end of period $ 162 $ 1 $ 163 $ 116 $ 3 $ 119 (a) Does not include allowance for credit losses of $5 million and $13 million, respectively, at June 30, 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 June 30, 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 six months ended June 30, 2024, commercial mortgage loans with an amortized cost of $5 million supporting the funds withheld arrangements with Fortitude Re were granted term extensions. There were no loans that had defaulted during the six months ended June 30, 2024 and 2023, that had been previously modified with borrowers experiencing financial difficulties.

Reinsurance

Reinsurance	6 Months Ended
	Jun. 30, 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 June 30, 2024, $3.6 billion of reserves 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: June 30, 2024 December 31, 2023 (in millions) Carrying Fair Carrying Fair Corresponding Accounting Policy Fixed maturity securities - available for sale (a) $ 1,997 $ 1,997 $ 2,180 $ 2,180 Fair value through other comprehensive income (loss) Fixed maturity securities - fair value option 761 761 655 655 Fair value through net investment income Commercial mortgage loans 474 461 543 528 Amortized cost Short-term investments 18 18 46 46 Fair value through net investment income Funds withheld investment assets 3,250 3,237 3,424 3,409 Derivative assets, net (b) 1 1 — — Fair value through net realized gains (losses) Other (c) 126 126 118 118 Amortized cost Total $ 3,377 $ 3,364 $ 3,542 $ 3,527 (a) The change in the net unrealized gains (losses) on available for sale securities related to the Fortitude Re funds withheld assets was $(53) million ($(42) million after-tax) and $21 million ($16 million after-tax), respectively for the six months ended June 30, 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 $3 million and $27 million, respectively, as of June 30, 2024. The derivative assets and liabilities supporting the Fortitude Re funds withheld arrangements had a fair market value of $1 million and $28 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 Six Months Ended (in millions) 2024 2023 2024 2023 Net investment income - Fortitude Re funds withheld assets $ 33 $ 25 $ 72 $ 77 Net realized gains (losses) on Fortitude Re funds withheld assets: Net realized losses - Fortitude Re funds withheld assets (1) (7) (20) (61) Net realized gains (losses) - Fortitude Re funds withheld embedded derivative 8 58 (1) (82) Net realized gains (losses) on Fortitude Re funds withheld assets 7 51 (21) (143) Income (loss) from continuing operations before income tax expense (benefit) 40 76 51 (66) Income tax expense (benefit) (a) 9 16 11 (14) Net income (loss) 31 60 40 (52) Change in unrealized appreciation (depreciation) of all other investments (a) (34) (58) (42) 16 Comprehensive income (loss) $ (3) $ 2 $ (2) $ (36) (a) The income tax expense (benefit) and the tax impact in Accumulated other comprehensive income (loss) (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 deposit accounting 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 June 30, 2024 were $43.1 billion. As of that date, utilizing AIG’s ORRs, (i) approximately 82 percent of the reinsurance recoverables were investment grade; (ii) approximately 15 percent of the reinsurance recoverables were non-investment grade and (iii) approximately 3 percent of the reinsurance recoverables related to entities that were not rated by AIG. The total reinsurance recoverables as of December 31, 2023 were $41.4 billion. As of that date, utilizing AIG’s ORRs, (i) approximately 83 percent of the reinsurance recoverables were investment grade; (ii) approximately 15 percent of the reinsurance recoverables were non-investment grade; (iii) approximately 2 percent of the reinsurance recoverables related to entities that were not rated by AIG. As of June 30, 2024 and December 31, 2023, approximately 78 percent and 85 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 Six Months Ended (in millions) 2024 2023 2024 2023 Balance, beginning of period $ 255 $ 253 $ 255 $ 260 Addition to (release of) allowance for expected credit losses and disputes, net (1) (1) — (4) Write-offs charged against the allowance for credit losses and disputes — — (1) (1) Other changes 6 2 6 (1) Balance, end of period $ 260 $ 254 $ 260 $ 254 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	6 Months Ended
	Jun. 30, 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. The following table presents a rollforward of DAC: Six Months Ended June 30, (in millions) 2024 2023 Balance, beginning of year $ 2,117 $ 2,343 Capitalization 1,803 2,396 Amortization expense (1,680) (1,972) Other, including foreign exchange (117) (23) Reclassified to held for sale — (712) Balance, end of period $ 2,123 $ 2,032

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 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) June 30, 2024 December 31, 2023 Assets: Bonds available for sale $ 30 $ 72 Mortgage and other loans receivable — 122 Short-term investments — 5 Accrued investment income 1 2 Other assets 1 1 Total* $ 32 $ 202 Liabilities: Debt of consolidated investment entities $ — $ 38 Total $ — $ 38 * The assets of each VIE can be used only to settle specific obligations of that VIE. 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 June 30, 2024 Real estate and investment entities (a) $ 361,397 $ 3,686 $ 1,306 (d) $ 4,992 Other (b) 1,027 — 748 (e) 748 Total $ 362,424 $ 3,686 $ 2,054 $ 5,740 December 31, 2023 Real estate and investment entities (a) $ 355,003 $ 4,107 $ 1,492 (d) $ 5,599 Other (b) 1,027 — 748 (e) 748 Total $ 356,030 $ 4,107 $ 2,240 $ 6,347 (a) Comprised primarily of hedge funds and private equity funds. (b) At June 30, 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 June 30, 2024 and December 31, 2023, $3.7 billion and $4.1 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	6 Months Ended
	Jun. 30, 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. 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: June 30, 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) Foreign exchange contracts $ 625 $ 42 $ 947 $ 157 $ 933 $ 58 $ 1,296 $ 164 Derivatives not designated as hedging instruments: (a) Interest rate contracts 1,799 266 937 291 14,657 741 1,165 352 Foreign exchange contracts 2,408 215 2,350 168 4,019 393 8,008 400 Equity contracts 81 35 — — 36,045 66 — — Credit contracts (b) 1,803 33 207 33 1,804 33 504 36 Other contracts (c) 2,123 1 — — 2,131 1 — — June 30, 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 Total derivatives, gross $ 8,839 $ 592 $ 4,441 $ 649 $ 59,589 $ 1,292 $ 10,973 $ 952 Counterparty netting (d) (245) (245) (450) (450) Cash collateral (e) (288) (180) (711) (249) Total derivatives on Condensed Consolidated Balance Sheets (f) $ 59 $ 224 $ 131 $ 253 (a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral. (b) As of June 30, 2024 and December 31, 2023, included CDSs on super senior multi-sector CLO with a net notional amount of $48 million and $50 million (fair value liability of $32 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 $154 million at June 30, 2024 and $3.4 billion at December 31, 2023. Fair value of liabilities related to bifurcated embedded derivatives was zero at both June 30, 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 $437 million and $593 million at June 30, 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 $370 million and $856 million at June 30, 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 guaranteed investment contracts attributable to changes in benchmark interest rates. We use foreign currency denominated debt and cross-currency swaps as hedging instruments in net investment hedge relationships to mitigate the foreign exchange risk associated with our non-U.S. dollar functional currency foreign subsidiaries. For net investment hedge relationships where issued debt is used as a hedging instrument, we assess the hedge effectiveness and measure the amount of ineffectiveness based on changes in spot rates. For net investment hedge relationships that use derivatives as hedging instruments, we assess hedge effectiveness and measure hedge ineffectiveness using changes in forward rates. For the three and six months ended June 30, 2024, we recognized gains (losses) of $9 million and $34 million, respectively, and for the three and six months ended June 30, 2023, we recognized gains (losses) of $(7) million and $(31) 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 June 30, 2024 Foreign exchange contracts: Net realized gains/(losses) $ (57) $ (15) $ 57 $ (15) Three Months Ended June 30, 2023 Foreign exchange contracts: Net realized gains/(losses) $ (141) $ (2) $ 141 $ (2) Six Months Ended June 30, 2024 Foreign exchange contracts: Net realized gains/(losses) $ (115) $ (27) $ 115 $ (27) Six Months Ended June 30, 2023 Foreign exchange contracts: Net realized gains/(losses) $ (191) $ (2) $ 191 $ (2) (a) Gains and losses on derivative instruments designated and qualifying in fair value hedges that are included in the assessment of hedge effectiveness. (b) Gains and losses on derivative instruments designated and qualifying in fair value hedges that are excluded from the assessment of hedge effectiveness and recognized in income on a mark-to-market basis. DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS The following table presents the effect of derivative instruments not designated as hedging instruments in the Condensed Consolidated Statements of Income (Loss): Gains (Losses) Recognized in Income Three Months Ended Six Months Ended (in millions) 2024 2023 2024 2023 By Derivative Type: Interest rate contracts $ — $ (3) $ (2) $ (2) Foreign exchange contracts (26) (92) (65) (126) Equity contracts — 1 — 1 Commodity contracts — 1 — 8 Credit contracts (1) — — (1) Embedded derivatives 8 58 (1) (82) Total $ (19) $ (35) $ (68) $ (202) By Classification: Net investment income - Fortitude Re funds withheld assets — (1) — (1) Net realized losses - excluding Fortitude Re funds withheld assets (27) (89) (69) (113) Net realized gains (losses) on Fortitude Re funds withheld assets * 8 55 1 (88) Total $ (19) $ (35) $ (68) $ (202) * 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. CREDIT RISK-RELATED CONTINGENT FEATURES We estimate that at June 30, 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 June 30, 2024 and December 31, 2023, respectively. The aggregate fair value of assets posted as collateral under these contracts at June 30, 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.

Insurance Liabilities

Insurance Liabilities	6 Months Ended
	Jun. 30, 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 $12.3 billion and $12.1 billion at June 30, 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 June 30, 2024 and December 31, 2023 we held collateral of approximately $8.7 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 June 30, 2024 and December 31, 2023. The following table presents the rollforward of activity in loss reserves: Three Months Ended Six Months Ended (in millions) 2024 2023 2024 2023 Liability for unpaid loss and loss adjustment expenses, beginning of period $ 70,060 $ 75,793 $ 70,393 $ 75,167 Reinsurance recoverable (30,169) (32,366) (30,289) (32,102) Net Liability for unpaid loss and loss adjustment expenses, beginning of period 39,891 43,427 40,104 43,065 Losses and loss adjustment expenses incurred: Current year 3,546 3,945 6,911 7,729 Prior years, excluding discount and amortization of deferred gain (108) (107) (108) (134) Prior years, discount charge (benefit) 62 54 168 148 Prior years, amortization of deferred gain on retroactive reinsurance (a) (33) (25) (65) (85) Total losses and loss adjustment expenses incurred 3,467 3,867 6,906 7,658 Losses and loss adjustment expenses paid: Current year (855) (881) (1,141) (1,170) Prior years (2,597) (2,994) (5,454) (6,543) Total losses and loss adjustment expenses paid (3,452) (3,875) (6,595) (7,713) Other changes: Foreign exchange effect (158) (25) (654) 372 Retroactive reinsurance adjustment (net of discount) (b) 186 47 178 59 Reclassified to held for sale, net of reinsurance recoverables (c) — (3,383) (5) (3,383) Total other changes 28 (3,361) (481) (2,952) Liability for unpaid loss and loss adjustment expenses, end of period: Net liability for unpaid losses and loss adjustment expenses 39,934 40,058 39,934 40,058 Reinsurance recoverable (d) 29,849 30,226 29,849 30,226 Total $ 69,783 $ 70,284 $ 69,783 $ 70,284 (a) Includes $39 million and $6 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 June 30, 2024 and 2023, respectively, and $44 million and $13 million for the six months ended June 30, 2024 and 2023, respectively. (b) Includes benefit (charge) from change in discount on retroactive reinsurance in the amount of $23 million and $26 million for the three months ended June 30, 2024 and 2023 respectively, and $78 million and $96 million for the six months ended June 30, 2024 and 2023, respectively. (c) Represents change in loss reserves included in Liabilities held for sale for the six months ended June 30, 2024. For additional information, see Note 4 . (d) Excludes $1.5 billion of Reinsurance recoverable reclassified to Assets held for sale on the Condensed Consolidated Balance Sheets at June 30, 2023. On January 20, 2017, we entered into an adverse development reinsurance agreement with NICO, under which we transferred to NICO 80 percent of the reserve risk on substantially all of our U.S. commercial long-tail exposures for accident years 2015 and prior. Under this agreement, we ceded to NICO 80 percent of the paid losses on subject business paid on or after January 1, 2016 in excess of $25 billion of net paid losses, up to an aggregate limit of $25 billion. At NICO’s 80 percent share, NICO’s limit of liability under the contract is $20 billion. We account for this transaction as retroactive reinsurance. We paid total consideration, including interest, of $10.2 billion. The consideration was placed into a collateral trust account as security for NICO’s claim payment obligations, and Berkshire has provided a parental guarantee to secure the obligations of NICO under the agreement. Prior Year Development During the three and six months ended June 30, 2024, we recognized favorable prior year loss reserve development of $108 million excluding discount and amortization of deferred gain. The development in this period was largely driven by favorable development on our loss sensitive U.S. Workers' Compensation business along with favorable development in U.S. Other Casualty, offset by adverse development in U.S. Excess Casualty. During the three months ended June 30, 2023, we recognized favorable prior year loss reserve development of $107 million excluding discount and amortization of deferred gain. The development in this period was largely driven by favorable development on our loss sensitive U.S. Workers' Compensation business, U.S. Other Casualty and U.S. Property & Special Risks including prior year catastrophes, partially offset by unfavorable development on European Casualty. During the six months ended June 30, 2023, we recognized favorable prior year loss reserve development of $134 million excluding discount and amortization of deferred gain. The development in this period was largely driven by favorable development on our loss sensitive U.S. Workers' Compensation business, U.S. Other Casualty and U.S. Property & Special Risks, partially offset by unfavorable development on European Casualty. Discounting of Loss Reserves At June 30, 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 June 30, 2024 and December 31, 2023, the discount consists of $288 million and $294 million of tabular discount, respectively, and $921 million and $939 million of non-tabular discount for workers’ compensation, respectively. During the six months ended June 30, 2024 and 2023, the benefit / (charge) from changes in discount of $(102) million and $(80) 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) June 30, 2024 December 31, 2023 U.S. workers' compensation $ 2,235 $ 2,337 Retroactive reinsurance (1,026) (1,104) Total reserve discount (a)(b) $ 1,209 $ 1,233 (a) Excludes $196 million and $196 million of discount related to certain long-tail liabilities in the UK at June 30, 2024 and December 31, 2023, respectively. (b) Includes gross discount of $673 million and $687 million, which was 100 percent ceded to Fortitude Re at June 30, 2024 and December 31, 2023, respectively. The following table presents the net loss reserve discount benefit (charge): Three Months Ended Six Months Ended (in millions) 2024 2023 2024 2023 Current accident year $ 36 $ 38 $ 66 $ 68 Accretion and other adjustments to prior year discount (62) (54) (168) (148) Net reserve discount benefit (charge) (26) (16) (102) (80) Change in discount on loss reserves ceded under retroactive reinsurance 23 26 78 96 Net change in total reserve discount* $ (3) $ 10 $ (24) $ 16 * Excludes $2 million and $4 million discount related to certain long-tail liabilities in the UK for the three months ended June 30, 2024 and 2023, respectively, and excludes $0 million and $8 million discount related to certain long-tail liabilities in the UK for the six months ended June 30, 2024 and 2023, respectively. Amortization of Deferred Gain on Retroactive Reinsurance Amortization of the deferred gain on retroactive reinsurance includes $(6) million and $19 million related to the adverse development reinsurance cover with NICO for the three months ended June 30, 2024 and 2023, respectively, and $21 million and $72 million related to the adverse development reinsurance cover with NICO for the six months ended June 30, 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: Six Months Ended June 30, (in millions, except for liability durations) 2024 2023 Present value of expected net premiums Balance, beginning of year $ 1,702 $ 1,929 Effect of changes in discount rate assumptions (AOCI) 339 262 Beginning balance at original discount rate 2,041 2,191 Effect of actual variances from expected experience (7) (26) Adjusted beginning of year balance 2,034 2,165 Issuances 54 67 Interest accrual 21 21 Net premium collected (208) (117) Foreign exchange impact (155) (88) Ending balance at original discount rate 1,746 2,048 Effect of changes in discount rate assumptions (AOCI) (246) (330) Balance, end of period $ 1,500 $ 1,718 Present value of expected future policy benefits Balance, beginning of year $ 2,149 $ 2,380 Effect of changes in discount rate assumptions (AOCI) 441 362 Beginning balance at original discount rate 2,590 2,742 Effect of actual variances from expected experience (a) (8) (16) Adjusted beginning of year balance 2,582 2,726 Issuances 56 70 Interest accrual 26 26 Benefit payments (212) (122) Foreign exchange impact (203) (121) Ending balance at original discount rate 2,249 2,579 Effect of changes in discount rate assumptions (AOCI) (329) (423) Balance, end of period $ 1,920 $ 2,156 Net liability for future policy benefits, end of period $ 420 $ 438 Deferred profit liability 1 1 Other reconciling items (b) 934 963 Future policy benefits for life and accident and health insurance contracts 1,355 1,402 Less: Reinsurance recoverable (761) (754) Net liability for future policy benefits after reinsurance recoverable $ 594 $ 648 Weighted average liability duration of the liability for future policy benefits (c) 9.0 9.9 (a) Effect of changes in cash flow assumptions and variances from actual experience are partially offset by changes in the deferred profit liability. (b) Other reconciling items primarily include Accident and Health (short-duration) contracts and $724 million and $713 million at June 30, 2024 and 2023, respectively, of certain long-duration contracts that are 100 percent ceded. (c) 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. 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: Six Months Ended June 30, (in millions) 2024 2023 Undiscounted expected future benefits and expense $ 2,760 $ 3,165 Undiscounted expected future gross premiums 3,791 4,383 Discounted expected future gross premiums (at current discount rate) 2,737 3,109 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: Six Months Ended June 30, (in millions) 2024 2023 Gross Premiums $ 209 $ 232 Interest Accretion $ 4 $ 4 The following table presents the weighted-average interest rate for future policy benefits for nonparticipating contracts: Six Months Ended June 30, 2024 2023 Weighted-average interest rate, original discount rate 1.86 % 1.81 % Weighted-average interest rate, current discount rate 3.56 % 3.59 %

Contingencies, Commitments and

Contingencies, Commitments and Guarantees	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies, Commitments and Guarantees	13. 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 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. 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 $1.6 billion and $1.7 billion at June 30, 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 June 30, 2024, a $100 million guarantee related to the obligations of AIGFP and certain of its subsidiaries was recognized, and is reported in Other liabilities. We continue to guarantee certain policyholder contracts issued by Corebridge subsidiaries as well as certain debt issued by Corebridge Life Holdings, Inc. (CRBGLH). Pursuant to the Separation Agreement entered in by AIG and Corebridge on September 14, 2022, Corebridge must indemnify, defend and hold us harmless from and against any liability related to these guarantees. Also, under a collateral agreement, in the event of: (i) a ratings downgrade of Corebridge or the guaranteed debt below specified levels or (ii) the failure by CRBGLH to pay principal and interest on the guaranteed debt when due, Corebridge must collateralize an amount equal to the sum of: (i) 100 percent of the principal amount outstanding, (ii) accrued and unpaid interest and (iii) 100 percent of the net present value of scheduled interest payments through the maturity dates of the debt. 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	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity Note [Abstract]
Equity	14. 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: Six Months Ended June 30, 2024 Common Treasury Common Stock (in millions) Shares, beginning of year 1,906.7 (1,217.9) 688.8 Shares issued — 6.1 6.1 Shares repurchased — (45.1) (45.1) Shares, end of period 1,906.7 (1,256.9) 649.8 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. Subsidiary Dividend Restrictions Payments of dividends to us by our insurance subsidiaries are subject to certain restrictions imposed by regulatory authorities. With respect to our domestic insurance subsidiaries, the payment of any dividend requires formal notice to the insurance department in which the particular insurance subsidiary is domiciled. For example, unless permitted by the Superintendent of Financial Services, property casualty companies domiciled in New York generally may not pay dividends to shareholders that, in any 12-month period, exceed the lesser of 10 percent of such company’s statutory policyholders’ surplus or 100 percent of its “adjusted net investment income,” for the previous year, as defined. Generally, less severe restrictions applicable to both property and casualty insurance companies exist in most of the other states in which our insurance subsidiaries are domiciled. Under state insurance laws, an insurer may pay a dividend without prior approval of the insurance regulator when the amount of the dividend is below certain regulatory thresholds. Other foreign jurisdictions may restrict the ability of our foreign insurance subsidiaries to pay dividends. Various other regulatory restrictions also limit cash loans and advances to us by our subsidiaries. Largely as a result of these restrictions, approximately $28.7 billion and $28.5 billion of the statutory capital and surplus of our consolidated insurance subsidiaries were restricted from transfer to AIG Parent without prior approval of state insurance regulators at June 30, 2024 and December 31, 2023, respectively. 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 July 1, 2024 to July 26, 2024, we repurchased approximately 6 million shares of AIG Common Stock for an aggregate purchase price of approximately $459 million. DIVIDENDS DECLARED On July 31, 2024, our Board of Directors declared a cash dividend on AIG Common Stock of $0.40 per share, payable on September 30, 2024 to shareholders of record on September 16, 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, March 31, 2024, net of tax $ (66) $ (11,702) $ (493) $ 1,535 $ (3,329) $ (814) $ (14,869) Change in unrealized appreciation (depreciation) of investments* (19) (1,036) — — — — (1,055) Change in other — (9) — — — — (9) Change in fair value of market risk benefits, net — — 159 — — — 159 Change in discount rates — — — 262 — — 262 Change in future policy benefits — 67 — — — — 67 Change in foreign currency translation adjustments — — — — 85 — 85 Change in net actuarial loss — — — — — 10 10 Change in prior service cost — — — — — 1 1 Change in deferred tax asset (liability) 3 52 (34) (72) 13 (2) (40) Corebridge deconsolidation, net of tax 42 8,513 330 (1,583) (88) — 7,214 Total other comprehensive income 26 7,587 455 (1,393) 10 9 6,694 Corebridge noncontrolling interests 2 693 38 (120) (3) — 610 Balance, June 30, 2024, net of tax $ (38) $ (3,422) $ — $ 22 $ (3,322) $ (805) $ (7,565) Balance, March 31, 2023, net of tax $ (134) $ (17,129) $ (226) $ 2,150 $ (3,094) $ (896) $ (19,329) Change in unrealized appreciation (depreciation) of investments* 104 (2,383) — — — — (2,279) Change in other — (159) — — — — (159) Change in fair value of market risk benefits, net — — (241) — — — (241) Change in discount rates — — — 531 — — 531 Change in future policy benefits — 137 — — — — 137 Change in foreign currency translation adjustments — — — — (25) — (25) Change in net actuarial loss — — — — — 78 78 Change in prior service cost — — — — — 2 2 Change in deferred tax asset (liability) (20) 407 51 (158) (34) (28) 218 Total other comprehensive income (loss) 84 (1,998) (190) 373 (59) 52 (1,738) Corebridge noncontrolling interests 4 2,125 54 (345) (10) (1) 1,827 Noncontrolling interests 14 (347) (47) 111 11 — (258) Balance, June 30, 2023, net of tax $ (60) $ (16,655) $ (315) $ 2,067 $ (3,174) $ (845) $ (18,982) (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* 53 (2,310) — — — — (2,257) Change in other — (4) — — — — (4) Change in fair value of market risk benefits, net — — 130 — — — 130 Change in discount rates — — — 959 — — 959 Change in future policy benefits — (59) — — — — (59) Change in foreign currency translation adjustments — — — — (254) — (254) Change in net actuarial loss — — — — — 17 17 Change in prior service cost — — — — — 3 3 Change in deferred tax asset (liability) (12) 157 (28) (224) (1) (4) (112) Corebridge deconsolidation, net of tax 42 8,513 330 (1,583) (88) — 7,214 Total other comprehensive income (loss) 83 6,297 432 (848) (343) 16 5,637 Corebridge noncontrolling interests 2 610 33 (105) (3) — 537 Noncontrolling interests 17 (559) (11) 258 (3) — (298) Balance, June 30, 2024, net of tax $ (38) $ (3,422) $ — $ 22 $ (3,322) $ (805) $ (7,565) (in millions) Unrealized Unrealized Change in Fair Change in the Foreign Retirement Total 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* 113 2,613 — — — — 2,726 Change in other — (53) — — — — (53) Change in fair value of market risk benefits, net — — (146) — — — (146) Change in discount rates — — — 4 — — 4 Change in future policy benefits — 37 — — — — 37 Change in foreign currency translation adjustments — — — — (44) — (44) Change in net actuarial loss — — — — — 105 105 Change in prior service cost — — — — — 2 2 Change in deferred tax asset (liability) (23) (343) 31 (51) (43) (27) (456) Total other comprehensive income (loss) 90 2,254 (115) (47) (87) 80 2,175 Corebridge noncontrolling interests 4 2,125 54 (345) (10) (1) 1,827 Noncontrolling interests 18 359 (30) — 21 — 368 Balance, June 30, 2023, net of tax $ (60) $ (16,655) $ (315) $ 2,067 $ (3,174) $ (845) $ (18,982) * Includes net unrealized gains and losses attributable to businesses held for sale or reclassified to discontinued operations at June 30, 2024 and 2023. The following table presents the other comprehensive income (loss) reclassification adjustments for the three and six months ended June 30, 2024 and 2023 , respectively: (in millions) Unrealized Unrealized Change in Fair Change in the Foreign Retirement Total Three Months Ended June 30, 2024 Unrealized change arising during period $ (13) $ (811) $ 159 $ 262 $ 85 $ 3 $ (315) Less: Reclassification adjustments included in net income (36) (8,346) (330) 1,583 88 (8) (7,049) Total other comprehensive income (loss), before income tax expense (benefit) 23 7,535 489 (1,321) (3) 11 6,734 Less: Income tax expense (benefit) (3) (52) 34 72 (13) 2 40 Total other comprehensive income (loss), net of income tax expense (benefit) $ 26 $ 7,587 $ 455 $ (1,393) $ 10 $ 9 $ 6,694 Three Months Ended June 30, 2023 Unrealized change arising during period $ 97 $ (2,739) $ (241) $ 531 $ (25) $ 72 $ (2,305) Less: Reclassification adjustments included in net income (7) (334) — — — (8) (349) Total other comprehensive income (loss), before income tax expense (benefit) 104 (2,405) (241) 531 (25) 80 (1,956) Less: Income tax expense (benefit) 20 (407) (51) 158 34 28 (218) Total other comprehensive income (loss), net of income tax expense (benefit) $ 84 $ (1,998) $ (190) $ 373 $ (59) $ 52 $ (1,738) (in millions) Unrealized Unrealized Change in Fair Change in the Foreign Retirement Total Six Months Ended June 30, 2024 Unrealized change arising during period $ 53 $ (2,643) $ 130 $ 959 $ (254) $ 5 $ (1,750) Less: Reclassification adjustments included in net income (42) (8,783) (330) 1,583 88 (15) (7,499) Total other comprehensive income (loss), before of income tax expense (benefit) 95 6,140 460 (624) (342) 20 5,749 Less: Income tax expense (benefit) 12 (157) 28 224 1 4 112 Total other comprehensive income (loss), net of income tax expense (benefit) $ 83 $ 6,297 $ 432 $ (848) $ (343) $ 16 $ 5,637 Six Months Ended June 30, 2023 Unrealized change arising during period $ 90 $ 1,827 $ (146) $ 4 $ (44) $ 90 $ 1,821 Less: Reclassification adjustments included in net income (23) (770) — — — (17) (810) Total other comprehensive income (loss), before income tax expense (benefit) 113 2,597 (146) 4 (44) 107 2,631 (in millions) Unrealized Unrealized Change in Fair Change in the Foreign Retirement Total Less: Income tax expense (benefit) 23 343 (31) 51 43 27 456 Total other comprehensive income (loss), net of income tax expense (benefit) $ 90 $ 2,254 $ (115) $ (47) $ (87) $ 80 $ 2,175 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 June 30, 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 $ (7) Net realized gains (losses) Total 6 (7) Unrealized appreciation (depreciation) of all other investments Investments 167 (334) Net realized gains (losses) Total 167 (334) Change in retirement plan liabilities adjustment Prior-service credit (1) — (b) Actuarial losses (7) (8) (b) Total (8) (8) Corebridge deconsolidation, net of tax (7,214) — (c) Total reclassifications for the period $ (7,049) $ (349) Amount Reclassified from AOCI Affected Line Item in the Six Months Ended June 30, 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 $ — $ (23) Net realized gains (losses) Total — (23) Unrealized appreciation (depreciation) of all other investments Investments (270) (770) Net realized gains (losses) Total (270) (770) Change in retirement plan liabilities adjustment Prior-service credit (1) (1) (b) Actuarial losses (14) (16) (b) Total (15) (17) Corebridge deconsolidation, net of tax (7,214) — (c) Total reclassifications for the period $ (7,499) $ (810) (a) The following items are not reclassified out of AOCI and included in the Condensed Consolidated Statements of Income (Loss) and thus have been excluded from the table: (a) Change in fair value of market risk benefits attributable to changes in our own credit risk (b) Change in the discount rates used to measure traditional and limited-payment long-duration insurance contracts, and (c) Fair value of liabilities under fair value option attributable to changes in own credit risk. (b) These AOCI components are included in the computation of net periodic pension cost. (c)

Earnings Per Common Share (EPS)

Earnings Per Common Share (EPS)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Common Share (EPS)	15. 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 Six Months Ended (dollars in millions, except per common share data) 2024 2023 2024 2023 Numerator for EPS: Income from continuing operations $ 475 $ 841 $ 1,272 $ 1,178 Less: Preferred stock dividends and preferred stock redemption premiums — 8 22 15 Income attributable to AIG common shareholders from continuing operations 475 833 1,250 1,163 Income (loss) from discontinued operations, net of income tax expense (4,359) 850 (3,556) 426 Less: Net income attributable to noncontrolling interests 93 198 477 81 Income (loss) from discontinued operations, net of noncontrolling interest (4,452) 652 (4,033) 345 Net income (loss) attributable to AIG common shareholders $ (3,977) $ 1,485 $ (2,783) $ 1,508 Denominator for EPS: Weighted average common shares outstanding - basic 661,092,967 725,754,549 671,834,907 732,175,533 Dilutive common shares 5,862,201 4,792,563 5,623,436 5,115,161 Weighted average common shares outstanding - diluted (a) 666,955,168 730,547,112 677,458,343 737,290,694 Income (loss) per common share attributable to AIG common shareholders: Basic: Income from continuing operations $ 0.72 $ 1.15 $ 1.86 $ 1.59 Income (loss) from discontinued operations $ (6.74) $ 0.90 $ (6.00) $ 0.47 Income (loss) attributable to AIG common shareholders $ (6.02) $ 2.05 $ (4.14) $ 2.06 Diluted: Income from continuing operations $ 0.71 $ 1.14 $ 1.85 $ 1.58 Income (loss) from discontinued operations $ (6.67) $ 0.89 $ (5.96) $ 0.47 Income (loss) attributable to AIG common shareholders $ (5.96) $ 2.03 $ (4.11) $ 2.05 (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 0.1 million for the three and six months ended June 30, 2024, respectively, and 6.6 million and 5.5 million for the three and six months ended June 30, 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 14.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	16. Income Taxes 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. TAX ACCOUNTING POLICIES 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 June 30, 2024, the effective tax rate on income from continuing operations was 23.0 percent. The effective tax rate on income from continuing operations differs from the statutory tax rate of 21 percent primarily due to tax charges associated with the effect of foreign operations, state and local income taxes and certain non-deductible expenses, partially offset by tax benefits related to the dividends received deduction applicable to post-deconsolidation Corebridge dividends and tax exempt income. The effect of foreign operations is primarily related to income of our foreign operations taxed at statutory tax rates higher than 21 percent, other foreign taxes, and foreign income subject to U.S. taxation. For the six months ended June 30, 2024, the effective tax rate on income from continuing operations was 24.1 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, state and local income taxes and certain non-deductible expenses, partially offset by tax benefits related to the dividends received deduction applicable to post-deconsolidation Corebridge dividends, 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 June 30, 2023, the effective tax rate on income from continuing operations was 5.1 percent. The effective tax rate on income from continuing operations differs from the statutory tax rate of 21 percent primarily due to tax benefits related to the potential resolution of an IRS audit matter, net of an increase in associated uncertain tax benefits and tax exempt income, partially offset by tax charges associated with the effect of foreign operations, tax implications related to the announced sale of Validus Re, foreign valuation allowance changes, and state and local income taxes. The effect of foreign operations is primarily related to income of our foreign operations taxed at statutory tax rates higher than 21 percent, other foreign taxes, and foreign income subject to U.S. taxation. For the six months ended June 30, 2023, the effective tax rate on income from continuing operations was 8.5 percent. The effective tax rate on income from continuing operations differs from the statutory tax rate of 21 percent primarily due to tax benefits related to the potential resolution of an IRS audit matter, net of an increase in associated uncertain tax benefits, tax exempt income, excess tax benefits related to share-based compensation payments recorded through the income statement and tax adjustments related to prior year returns. These tax benefits were partially offset by tax charges associated with the effect of foreign operations, tax implications related to the announced sale of Validus Re, foreign valuation allowance changes, and state and local income taxes. The effect of foreign operations is primarily related to income of our foreign operations taxed at statutory tax rates higher than 21 percent, other foreign taxes, and foreign income subject to U.S. taxation. 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 second 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, significant market volatility continues 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. 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 a 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 six months ended June 30, 2024, we recorded no change in valuation allowance. For the six months ended June 30, 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 our general insurance and non-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. As of June 30, 2024, based on all available evidence, we concluded that a valuation allowance of $0.6 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. For the three and six months ended June 30, 2024, we recorded an increase in valuation allowance of $12 million and $23 million, respectively, associated with the unrealized tax capital losses in AIG's available for sale securities portfolio. The valuation allowance increase was allocated to other comprehensive income. For the six months ended June 30, 2024, we recognized a net $6 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 June 30, 2024 and December 31, 2023, our unrecognized tax benefits, excluding interest and penalties, were $1.4 billion. At both June 30, 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 June 30, 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 six months ended June 30, 2024 and June 30, 2023, we accrued benefit of $0 million and $4 million, respectively, for the payment of interest and penalties.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 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; • 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. Certain critical accounting estimates were eliminated as a result of the Corebridge deconsolidation. There were no changes to the remaining critical accounting estimates.
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 on 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 should be applied on a prospective basis, but retrospective application is permitted. We are assessing the impact of this standard. Segment Reporting
Discontinued Operations Presentation	We present a business, or a component of an entity, as discontinued operations if a) it meets the held-for-sale criteria, or is disposed of by sale, or is disposed of other than by sale, and b) the disposal of the business, or component of an entity, represents a strategic shift that has (or will have) a major effect on AIG’s financial results.
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 deposit accounting 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 deposit accounting 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).
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. 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.
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 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 second 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, significant market volatility continues 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.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2024 2023 (in millions) Adjusted Adjusted Adjusted Adjusted General Insurance North America $ 2,470 $ 163 (a) $ 3,195 $ 352 (a) International 3,279 267 (a) 3,302 242 (a) Net investment income 746 746 725 725 Total General Insurance 6,495 1,176 7,222 1,319 Other Operations Other Operations before consolidation and eliminations 144 (158) 173 (270) Consolidation and eliminations (5) — (17) (8) Total Other Operations 139 (158) 156 (278) Total 6,634 1,018 7,378 1,041 Reconciling items: Changes in the fair values of equity securities and AIG's investment in Corebridge 59 59 41 41 Other income (expense) - net 15 — 8 — Gain (loss) on extinguishment of debt — (1) — — Net investment income on Fortitude Re funds withheld assets 33 33 25 25 Net realized losses on Fortitude Re funds withheld assets (1) (1) (7) (7) Net realized gains on Fortitude Re funds withheld embedded derivative 8 8 58 58 Net realized losses (b) (188) (186) (67) (64) Net gain (loss) on divestitures and other — 102 — (15) Non-operating litigation reserves and settlements — — — (1) Favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements — 62 — 18 Net loss reserve discount charge — (26) — (16) Pension expense related to lump sum payments to former employees — — — (54) Integration and transaction costs associated with acquiring or divesting businesses — (18) — (8) Restructuring and other costs (c) — (426) — (125) Non-recurring costs related to regulatory or accounting changes — (7) — (7) Revenues and pre-tax income $ 6,560 $ 617 $ 7,436 $ 886 Six Months Ended June 30, 2024 2023 (in millions) Adjusted Adjusted Adjusted Adjusted General Insurance North America $ 4,972 $ 387 (a) $ 6,175 $ 651 (a) International 6,563 639 (a) 6,581 445 (a) Net investment income 1,508 1,508 1,471 1,471 Total General Insurance 13,043 2,534 14,227 2,567 Other Operations Other Operations before consolidation and eliminations 308 (355) 319 (544) AIG consolidation and eliminations (3) (1) (39) (13) Total Other Operations 305 (356) 280 (557) Total 13,348 2,178 14,507 2,010 Reconciling items: Changes in the fair values of equity securities and AIG's investment in Corebridge 147 147 62 62 Other income (expense) - net 17 — 23 — Gain (loss) on extinguishment of debt — (1) — — Net investment income on Fortitude Re funds withheld assets 72 72 77 77 Net realized losses on Fortitude Re funds withheld assets (20) (20) (61) (61) Net realized losses on Fortitude Re funds withheld embedded derivative (1) (1) (82) (82) Net realized losses (b) (240) (241) (386) (383) Net gain (loss) on divestitures and other — 102 — (12) Non-operating litigation reserves and settlements — — 1 — (Unfavorable) favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements — 60 — 37 Net loss reserve discount benefit (charge) — (102) — (80) Pension expense related to lump sum payments to former employees — — — (54) Integration and transaction costs associated with acquiring or divesting businesses — (15) — (8) Restructuring and other costs — (493) — (215) Non-recurring costs related to regulatory or accounting changes — (11) — (15) Net impact from elimination of international reporting lag (d) — — 4 12 Revenues and pre-tax income $ 13,323 $ 1,675 $ 14,145 $ 1,288 (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 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). (c) In the second quarter of 2024, Restructuring and other costs increased primarily as a result of employee-related costs, including severance, and real estate impairment charges. (d) For additional information, see Note 1 to the Consolidated Financial Statements in the 2023 Annual Report.

Held-For-Sale Classification _2

Held-For-Sale Classification and Discontinued Operations Presentation (Tables)	6 Months Ended
	Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Financial Information Related to Corebridge as an Equity Method Investee	Three Months Ended Six Months Ended (in millions) 2024 2023 2024 2023 Corebridge pre-tax income $ 361 $ 980 $ 1,354 $ 347 Equity method income (loss) related to Corebridge (based on fair value) $ 115 $ 482 $ 2,195 $ (706)
Financial Information for Assets and Liabilities Held for Sale and Discontinued Operations	The following table summarizes the components of assets and liabilities held-for-sale and assets and liabilities of discontinued operations on the Condensed Consolidated Balance Sheets at June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 (in millions) Assets and Corebridge Assets and Assets: Investments: Fixed maturity securities: Bonds available for sale, at fair value, net of allowance for credit losses $ 14 $ 166,657 $ 14 Other bond securities, at fair value — 4,579 — Equity securities, at fair value — 63 — Mortgage and other loans receivable, net of allowance for credit losses — 46,732 — Other invested assets — 9,916 — Short-term investments 15 4,346 1 Total investments 29 232,293 15 Cash 90 618 — Accrued investment income — 2,011 — Premiums and other receivables, net of allowance for credit losses and disputes 42 709 9 Reinsurance assets - Fortitude Re, net of allowance for credit losses and disputes — 26,772 — Reinsurance assets - other, net of allowance for credit losses and disputes 6 2,519 3 Deferred income taxes (10) 8,307 — Deferred policy acquisition costs — 10,782 — Market risk benefit assets, at fair value — 912 — Other assets, net of allowance for credit losses (a) 28 2,820 3 Separate account assets, at fair value — 91,005 — Total assets held for sale/assets of discontinued operations $ 185 $ 378,748 $ 30 Liabilities: Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses $ 24 $ — $ 19 Unearned premiums 12 65 7 Future policy benefits for life and accident and health insurance contracts — 57,946 — Policyholder contract deposits — 161,979 — Market risk benefit liabilities, at fair value — 5,705 — Other policyholder funds — 2,862 — Fortitude Re funds withheld payable — 25,957 — Other liabilities 117 8,790 2 Short-term and long-term debt — 9,420 — Debt of consolidated investment entities — 2,360 — Separate account liabilities — 91,005 — Total liabilities held for sale/liabilities of discontinued operations $ 153 $ 366,089 $ 28 (a) Other assets, net of allowance for credit losses includes goodwill and other intangibles of $116 million and $3 million, respectively, for Corebridge at December 31, 2023. The following table presents the amounts related to the operations of Corebridge that have been reflected in Net income from discontinued operations: Three Months Ended Six Months Ended (in millions) 2024 2023 2024 2023 Revenues: Premiums $ 428 $ 2,442 $ 2,723 $ 4,548 Policy fees 555 693 1,269 1,392 Net investment income 2,314 2,732 5,238 5,420 Net realized gains (losses) (587) (281) (923) (1,680) Other income 155 193 372 375 Total revenues 2,865 5,779 8,679 10,055 Benefits, losses and expenses: Policyholder benefits and losses incurred 811 2,879 3,618 5,372 Change in the fair value of market risk benefits, net 20 (262) (350) (66) Interest credited to policyholder account balances 980 1,063 2,184 2,102 Three Months Ended Six Months Ended (in millions) 2024 2023 2024 2023 Amortization of deferred policy acquisition costs 199 257 465 511 General operating and other expenses 574 772 1,350 1,512 Interest expense 106 149 249 331 Net (gain) loss on divestitures and other (186) (59) (191) (54) Total benefits, losses and expenses 2,504 4,799 7,325 9,708 Income (loss) from discontinued operations before income tax expense (benefit) and loss on disposal of discontinued operations 361 980 1,354 347 Income tax expense (benefit) 36 130 226 (79) Income (loss) from discontinued operations, net of income taxes before loss on disposal of discontinued operations 325 850 1,128 426 Loss on disposition of operations, net of tax (4,684) — (4,684) — Income (loss) from discontinued operations, net of income taxes (4,359) 850 (3,556) 426 Less: Net income (loss) from discontinued operations attributable to noncontrolling interests 93 198 477 81 Net income (loss) from discontinued operations attributable to AIG $ (4,452) $ 652 $ (4,033) $ 345 (in millions) Corebridge retained investment (48.4% 28.90 per share at June 9, 2024) $ 8,502 Retained Interest in certain investment entities and other assets 1,195 Net fair value of assets retained 9,697 Corebridge book value at June 9, 2024 12,392 Less: Noncontrolling interests 5,732 Corebridge book value excluding noncontrolling interest 6,660 Gain on sale pre-tax 3,037 Tax expense 507 Subtotal: After tax gain 2,530 Reclassification adjustment of Accumulated other comprehensive loss at June 9, 2024 (7,214) Loss on sale of Corebridge - after-tax $ (4,684)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 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: June 30, 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 $ 24 $ 4,385 $ — $ — $ — $ 4,409 Obligations of states, municipalities and political subdivisions — 4,488 4 — — 4,492 Non-U.S. governments 161 7,893 7 — — 8,061 Corporate debt 1 30,427 359 — — 30,787 RMBS — 3,762 2,016 — — 5,778 CMBS — 4,193 94 — — 4,287 CLO/ABS — 3,244 1,275 — — 4,519 Total bonds available for sale 186 58,392 3,755 — — 62,333 Other bond securities: Obligations of states, municipalities and political subdivisions — 50 — — — 50 Non-U.S. governments — 25 — — — 25 Corporate debt — 267 44 — — 311 RMBS — 53 49 — — 102 CMBS — 42 — — — 42 CLO/ABS — 91 145 — — 236 Total other bond securities — 528 238 — — 766 Equity securities 659 16 13 — — 688 Other invested assets (b) 8,567 124 145 — — 8,836 Derivative assets (c) : Interest rate contracts — 263 3 — — 266 Foreign exchange contracts — 256 1 — — 257 Equity contracts — — 35 — — 35 Credit contracts — — 33 — — 33 Other contracts — — 1 — — 1 Counterparty netting and cash collateral — — — (245) (288) (533) Total derivative assets — 519 73 (245) (288) 59 Short-term investments 3,845 4,292 — — — 8,137 Other assets (c) — — 130 — — 130 Total (d) $ 13,257 $ 63,871 $ 4,354 $ (245) $ (288) $ 80,949 Liabilities: Derivative liabilities (c) : Interest rate contracts $ — $ 291 $ — $ — $ — $ 291 Foreign exchange contracts — 324 1 — — 325 Credit contracts — — 33 — — 33 Counterparty netting and cash collateral — — — (245) (180) (425) Total derivative liabilities — 615 34 (245) (180) 224 Fortitude Re funds withheld payable — — (154) — — (154) Other liabilities — — 99 — — 99 Total $ — $ 615 $ (21) $ (245) $ (180) $ 169 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 $ 15 $ 4,380 $ — $ — $ — $ 4,395 Obligations of states, municipalities and political subdivisions — 4,830 3 — — 4,833 Non-U.S. governments 233 8,156 7 — — 8,396 Corporate debt — 32,023 323 — — 32,346 RMBS — 4,415 1,792 — — 6,207 CMBS — 4,122 25 — — 4,147 CLO/ABS — 3,629 1,289 — — 4,918 Total bonds available for sale 248 61,555 3,439 — — 65,242 Other bond securities: Obligations of states, municipalities and political subdivisions — 51 — — — 51 Non-U.S. governments — 24 — — — 24 Corporate debt — 210 45 — — 255 RMBS — 42 51 — — 93 CMBS — 33 — — — 33 CLO/ABS — 69 138 — — 207 Total other bond securities — 429 234 — — 663 Equity securities 612 39 14 — — 665 Other invested assets (b) — 155 221 — — 376 Derivative assets (c) : Interest rate contracts — 335 406 — — 741 Foreign exchange contracts — 450 1 — — 451 Equity contracts — 18 48 — — 66 Credit contracts — — 33 — — 33 Other contracts — — 1 — — 1 Counterparty netting and cash collateral — — — (450) (711) (1,161) Total derivative assets — 803 489 (450) (711) 131 Short-term investments 2,613 6,750 — — — 9,363 Other assets (c) — — 243 — — 243 Total (d) $ 3,473 $ 69,731 $ 4,640 $ (450) $ (711) $ 76,683 Liabilities: Derivative liabilities (c) : Interest rate contracts $ — $ 352 $ — $ — $ — $ 352 Foreign exchange contracts — 561 3 — — 564 Credit contracts — 3 33 — — 36 Counterparty netting and cash collateral — — — (450) (249) (699) Total derivative liabilities — 916 36 (450) (249) 253 Fortitude Re funds withheld payable — — (148) — — (148) Other liabilities — 107 122 — — 229 Total $ — $ 1,023 $ 10 $ (450) $ (249) $ 334 (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 $3.6 billion and $3.8 billion as of June 30, 2024 and December 31, 2023, respectively. As of June 30, 2024 , includes AIG's ownership interest in Corebridge of $8.6 billion on which AIG elected the fair value option. (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 and six months ended June 30, 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 June 30, 2024 and 2023: (in millions) Fair Value Net Realized Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended June 30, 2024 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 4 $ — $ — $ — $ — $ — $ — $ 4 $ — $ — Non-U.S. governments 7 — — — — — — 7 — — Corporate debt 383 — (2) (22) 36 (36) — 359 — (2) RMBS 1,766 24 (29) (75) 287 (1) 44 2,016 — (30) CMBS 43 (4) 6 (18) 68 (1) — 94 — — CLO/ABS 1,284 3 3 (47) 44 (12) — 1,275 — 3 Total bonds available for sale 3,487 23 (22) (162) 435 (50) 44 3,755 — (29) Other bond securities: Corporate Debt 46 1 — — — — (3) 44 — — RMBS 53 — — (2) — (2) — 49 — — CLO/ABS 144 1 — (3) 2 — 1 145 1 — Total other bond securities 243 2 — (5) 2 (2) (2) 238 1 — Equity securities 13 — — — — — — 13 — — Other invested assets 183 (4) — (36) — — 2 145 (1) — Other assets 129 — — 1 — — — 130 — — Total $ 4,055 $ 21 $ (22) $ (202) $ 437 $ (52) $ 44 $ 4,281 $ — $ (29) (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Derivative liabilities, net: Interest rate contracts $ (128) $ (8) $ — $ 133 $ — $ — $ — $ (3) $ — $ — Foreign exchange contracts 2 (2) — — — — — — — — Equity contracts (56) (2) — 23 — — — (35) 2 — Other contracts (1) — — — — — — (1) 1 — Total derivative liabilities, net (a) (183) (12) — 156 — — — (39) 3 — Fortitude Re funds withheld payable (119) (8) — (27) — — — (154) 33 — Other Liabilities 92 28 — (21) — — — 99 — — Total $ (210) $ 8 $ — $ 108 $ — $ — $ — $ (94) $ 36 $ — (in millions) Fair Value Net Realized Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended June 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 15 $ — $ 1 $ — $ — $ — $ — $ 16 $ — $ — Non-U.S. governments 9 — 1 (2) — (2) — 6 — 1 Corporate debt 728 (4) 10 (131) 1 (186) — 418 — 4 RMBS 1,896 30 56 (36) — (43) (35) 1,868 — 56 CMBS 220 (22) (2) — — (148) — 48 — (4) CLO/ABS 1,524 (15) 3 (99) 6 (32) 9 1,396 — (9) Total bonds available for sale 4,392 (11) 69 (268) 7 (411) (26) 3,752 — 48 Other bond securities: Corporate debt — — — 44 — — — 44 — — RMBS 52 2 — (2) — — — 52 (4) — CLO/ABS 176 (3) — (19) — — — 154 (25) — Total other bond securities 228 (1) — 23 — — — 250 (29) — Equity securities 25 2 — — 2 (1) — 28 2 — Other invested assets 235 1 — (9) — — — 227 (3) — Other assets 110 — — 1 — — — 111 — — Total $ 4,990 $ (9) $ 69 $ (253) $ 9 $ (412) $ (26) $ 4,368 $ (30) $ 48 (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Derivative liabilities, net: Interest rate contracts $ (355) $ 26 $ — $ (10) $ — $ — $ — $ (339) $ — $ (21) Foreign exchange contracts — 2 — — — — — 2 — (2) Equity contracts (328) 2 — (73) — — — (399) 4 — Credit contracts — (1) — 1 — — — — — — Other contracts (1) — — — — — — (1) 1 — Total derivative liabilities, net(a) (684) 29 — (82) — — — (737) 5 (23) Fortitude Re funds withheld payable (167) (58) — (44) — — — (269) 78 — Other liabilities 112 (14) — — — — — 98 — — Total $ (739) $ (43) $ — $ (126) $ — $ — $ — $ (908) $ 83 $ (23) (in millions) Fair Value Net Realized Other Purchases, Gross Gross Other Fair Changes in Changes in Six Months Ended June 30, 2024 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 3 $ — $ — $ 1 $ — $ — $ — $ 4 $ — $ — Non-U.S. governments 7 — — — — — — 7 — — Corporate debt 323 1 (2) (60) 134 (37) — 359 — (1) RMBS 1,792 47 (2) (150) 287 (2) 44 2,016 — (2) CMBS 25 (4) 6 (18) 85 — — 94 — 1 CLO/ABS 1,289 (12) 32 (66) 44 (12) — 1,275 — 29 Total bonds available for sale 3,439 32 34 (293) 550 (51) 44 3,755 — 27 Other bond securities: Corporate debt 45 1 — — — — (2) 44 — — RMBS 51 — — — — (2) — 49 — — CLO/ABS 138 — — 5 2 — — 145 (1) — Total other bond securities 234 1 — 5 2 (2) (2) 238 (1) — Equity securities 14 — — — — (1) — 13 1 — Other invested assets 221 (13) — (39) — (13) (11) 145 (12) — Other assets 243 — — (113) — — — 130 — — Total $ 4,151 $ 20 $ 34 $ (440) $ 552 $ (67) $ 31 $ 4,281 $ (12) $ 27 (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Derivative liabilities, net: Interest rate contracts $ (406) $ 61 $ — $ 342 $ — $ — $ — $ (3) $ (3) $ — Foreign exchange contracts 2 (2) — — — — — — — — Equity contracts (48) (18) — 31 — — — (35) 10 — Other contracts (1) (1) — 1 — — — (1) 1 — Total derivative liabilities, net (a) (453) 40 — 374 — — — (39) 8 — Fortitude Re funds withheld payable (148) 1 — (7) — — — (154) 47 — Other Liabilities 122 (2) — (21) — — — 99 — — Total $ (479) $ 39 $ — $ 346 $ — $ — $ — $ (94) $ 55 $ — (in millions) Fair Value Net Realized Other Purchases, Gross Gross Other Fair Changes in Changes in Six Months Ended June 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 20 $ — $ 1 $ (5) $ — $ — $ — $ 16 $ — $ 1 Non-U.S. governments 2 — 1 (2) 7 (2) — 6 — 1 Corporate debt 879 (4) 17 (347) 108 (235) — 418 — 3 RMBS 1,884 59 26 (18) — (48) (35) 1,868 — 24 CMBS 207 (22) (1) 1 11 (148) — 48 — (12) CLO/ABS 1,483 (12) 20 (83) 17 (42) 13 1,396 — 12 Total bonds available for sale 4,475 21 64 (454) 143 (475) (22) 3,752 — 29 Other bond securities: Corporate debt — — — 44 — — — 44 — — RMBS 65 2 — (15) — — — 52 (9) — CLO/ABS 158 1 — (13) — (3) 11 154 (23) — Total other bond securities 223 3 — 16 — (3) 11 250 (32) — Equity securities 13 2 — 4 10 (1) — 28 2 — Other invested assets 244 (7) — (10) — — — 227 (10) — Other assets 107 — — 4 — — — 111 — — Total $ 5,062 $ 19 $ 64 $ (440) $ 153 $ (479) $ (11) $ 4,368 $ (40) $ 29 (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Derivative liabilities, net: Interest rate contracts $ (311) $ 84 $ — $ (112) $ — $ — $ — $ (339) $ — $ (29) Foreign exchange contracts — 2 — — — — — 2 — (2) Equity contracts (271) (69) — (59) — — — (399) 63 — Credit contracts — (1) — 1 — — — — — — Other contracts (1) (1) — 1 — — — (1) 1 — Total derivative liabilities, net (a) (583) 15 — (169) — — — (737) 64 (31) Fortitude Re funds withheld payable (41) 82 — (310) — — — (269) (48) — Other liabilities 112 (14) — — — — — 98 — — Total $ (512) $ 83 $ — $ (479) $ — $ — $ — $ (908) $ 16 $ (31) (a) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only. The following table presents the gross components of purchases, sales, issuances and settlements, net, shown above, for the three and six months ended June 30, 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 June 30, 2024 Assets: Bonds available for sale: Non-U.S. governments $ 4 $ — $ (4) $ — Corporate debt 5 — (27) (22) RMBS — — (75) (75) CMBS — — (18) (18) CLO/ABS 6 — (53) (47) Total bonds available for sale 15 — (177) (162) Other bond securities: RMBS — (1) (1) (2) CLO/ABS — — (3) (3) Total other bond securities — (1) (4) (5) Other invested assets — — (36) (36) Other assets — — 1 1 Total $ 15 $ (1) $ (216) $ (202) Liabilities: Derivative liabilities, net $ — $ — $ 156 $ 156 Fortitude Re funds withheld payable — — (27) (27) Other liabilities — — (21) (21) Total $ — $ — $ 108 $ 108 Three Months Ended June 30, 2023 Assets: Bonds available for sale: Non-U.S. governments $ — $ — $ (2) $ (2) Corporate debt — — (131) (131) RMBS 46 — (82) (36) CMBS — (5) 5 — CLO/ABS 77 (148) (28) (99) Total bonds available for sale 123 (153) (238) (268) Other bond securities: Corporate debt 20 — 24 44 RMBS — — (2) (2) CLO/ABS — 4 (23) (19) Total other bond securities 20 4 (1) 23 Other invested assets (1) — (8) (9) Other assets — — 1 1 Total $ 142 $ (149) $ (246) $ (253) Liabilities: Derivative liabilities, net $ (105) $ 1 $ 22 $ (82) Fortitude Re funds withheld payable — — (44) (44) Total $ (105) $ 1 $ (22) $ (126) (in millions) Purchases Sales Issuances and Settlements (a) Purchases, Sales, Issuances and Settlements, Net (a) Six Months Ended June 30, 2024 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 1 $ — $ — $ 1 Non-U.S. governments 4 — (4) — Corporate debt 11 (3) (68) (60) RMBS — (1) (149) (150) CMBS — — (18) (18) CLO/ABS 66 (2) (130) (66) Total bonds available for sale 82 (6) (369) (293) Other bond securities: RMBS 3 (1) (2) — CLO/ABS 11 — (6) 5 Total other bond securities 14 (1) (8) 5 Other invested assets 1 — (40) (39) Other assets — — (113) (113) Total $ 97 $ (7) $ (530) $ (440) Liabilities: Derivative liabilities, net $ — $ — $ 374 $ 374 Fortitude Re funds withheld payable — — (7) (7) Other Liabilities — — (21) (21) Total $ — $ — $ 346 $ 346 Six Months Ended June 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 1 $ (4) $ (2) $ (5) Non-U.S. governments — — (2) (2) Corporate Debt 8 — (355) (347) RMBS 170 (19) (169) (18) CMBS 1 (5) 5 1 CLO/ABS 107 (151) (39) (83) Total bonds available for sale 287 (179) (562) (454) Other bond securities: Corporate debt 20 — 24 44 RMBS — — (15) (15) CLO/ABS 14 — (27) (13) Total other bond securities 34 — (18) 16 Equity securities 5 — (1) 4 Other invested assets 1 — (11) (10) Other assets — — 4 4 Total $ 327 $ (179) $ (588) $ (440) Liabilities: Derivative liabilities, net $ (316) $ 4 $ 143 $ (169) Fortitude Re funds withheld payable — — (310) (310) Total $ (316) $ 4 $ (167) $ (479) (a)
Schedule of Liabilities Measured on a Recurring Basis	The following tables present changes during the three and six months ended June 30, 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 June 30, 2024 and 2023: (in millions) Fair Value Net Realized Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended June 30, 2024 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 4 $ — $ — $ — $ — $ — $ — $ 4 $ — $ — Non-U.S. governments 7 — — — — — — 7 — — Corporate debt 383 — (2) (22) 36 (36) — 359 — (2) RMBS 1,766 24 (29) (75) 287 (1) 44 2,016 — (30) CMBS 43 (4) 6 (18) 68 (1) — 94 — — CLO/ABS 1,284 3 3 (47) 44 (12) — 1,275 — 3 Total bonds available for sale 3,487 23 (22) (162) 435 (50) 44 3,755 — (29) Other bond securities: Corporate Debt 46 1 — — — — (3) 44 — — RMBS 53 — — (2) — (2) — 49 — — CLO/ABS 144 1 — (3) 2 — 1 145 1 — Total other bond securities 243 2 — (5) 2 (2) (2) 238 1 — Equity securities 13 — — — — — — 13 — — Other invested assets 183 (4) — (36) — — 2 145 (1) — Other assets 129 — — 1 — — — 130 — — Total $ 4,055 $ 21 $ (22) $ (202) $ 437 $ (52) $ 44 $ 4,281 $ — $ (29) (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Derivative liabilities, net: Interest rate contracts $ (128) $ (8) $ — $ 133 $ — $ — $ — $ (3) $ — $ — Foreign exchange contracts 2 (2) — — — — — — — — Equity contracts (56) (2) — 23 — — — (35) 2 — Other contracts (1) — — — — — — (1) 1 — Total derivative liabilities, net (a) (183) (12) — 156 — — — (39) 3 — Fortitude Re funds withheld payable (119) (8) — (27) — — — (154) 33 — Other Liabilities 92 28 — (21) — — — 99 — — Total $ (210) $ 8 $ — $ 108 $ — $ — $ — $ (94) $ 36 $ — (in millions) Fair Value Net Realized Other Purchases, Gross Gross Other Fair Changes in Changes in Three Months Ended June 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 15 $ — $ 1 $ — $ — $ — $ — $ 16 $ — $ — Non-U.S. governments 9 — 1 (2) — (2) — 6 — 1 Corporate debt 728 (4) 10 (131) 1 (186) — 418 — 4 RMBS 1,896 30 56 (36) — (43) (35) 1,868 — 56 CMBS 220 (22) (2) — — (148) — 48 — (4) CLO/ABS 1,524 (15) 3 (99) 6 (32) 9 1,396 — (9) Total bonds available for sale 4,392 (11) 69 (268) 7 (411) (26) 3,752 — 48 Other bond securities: Corporate debt — — — 44 — — — 44 — — RMBS 52 2 — (2) — — — 52 (4) — CLO/ABS 176 (3) — (19) — — — 154 (25) — Total other bond securities 228 (1) — 23 — — — 250 (29) — Equity securities 25 2 — — 2 (1) — 28 2 — Other invested assets 235 1 — (9) — — — 227 (3) — Other assets 110 — — 1 — — — 111 — — Total $ 4,990 $ (9) $ 69 $ (253) $ 9 $ (412) $ (26) $ 4,368 $ (30) $ 48 (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Derivative liabilities, net: Interest rate contracts $ (355) $ 26 $ — $ (10) $ — $ — $ — $ (339) $ — $ (21) Foreign exchange contracts — 2 — — — — — 2 — (2) Equity contracts (328) 2 — (73) — — — (399) 4 — Credit contracts — (1) — 1 — — — — — — Other contracts (1) — — — — — — (1) 1 — Total derivative liabilities, net(a) (684) 29 — (82) — — — (737) 5 (23) Fortitude Re funds withheld payable (167) (58) — (44) — — — (269) 78 — Other liabilities 112 (14) — — — — — 98 — — Total $ (739) $ (43) $ — $ (126) $ — $ — $ — $ (908) $ 83 $ (23) (in millions) Fair Value Net Realized Other Purchases, Gross Gross Other Fair Changes in Changes in Six Months Ended June 30, 2024 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 3 $ — $ — $ 1 $ — $ — $ — $ 4 $ — $ — Non-U.S. governments 7 — — — — — — 7 — — Corporate debt 323 1 (2) (60) 134 (37) — 359 — (1) RMBS 1,792 47 (2) (150) 287 (2) 44 2,016 — (2) CMBS 25 (4) 6 (18) 85 — — 94 — 1 CLO/ABS 1,289 (12) 32 (66) 44 (12) — 1,275 — 29 Total bonds available for sale 3,439 32 34 (293) 550 (51) 44 3,755 — 27 Other bond securities: Corporate debt 45 1 — — — — (2) 44 — — RMBS 51 — — — — (2) — 49 — — CLO/ABS 138 — — 5 2 — — 145 (1) — Total other bond securities 234 1 — 5 2 (2) (2) 238 (1) — Equity securities 14 — — — — (1) — 13 1 — Other invested assets 221 (13) — (39) — (13) (11) 145 (12) — Other assets 243 — — (113) — — — 130 — — Total $ 4,151 $ 20 $ 34 $ (440) $ 552 $ (67) $ 31 $ 4,281 $ (12) $ 27 (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Derivative liabilities, net: Interest rate contracts $ (406) $ 61 $ — $ 342 $ — $ — $ — $ (3) $ (3) $ — Foreign exchange contracts 2 (2) — — — — — — — — Equity contracts (48) (18) — 31 — — — (35) 10 — Other contracts (1) (1) — 1 — — — (1) 1 — Total derivative liabilities, net (a) (453) 40 — 374 — — — (39) 8 — Fortitude Re funds withheld payable (148) 1 — (7) — — — (154) 47 — Other Liabilities 122 (2) — (21) — — — 99 — — Total $ (479) $ 39 $ — $ 346 $ — $ — $ — $ (94) $ 55 $ — (in millions) Fair Value Net Realized Other Purchases, Gross Gross Other Fair Changes in Changes in Six Months Ended June 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 20 $ — $ 1 $ (5) $ — $ — $ — $ 16 $ — $ 1 Non-U.S. governments 2 — 1 (2) 7 (2) — 6 — 1 Corporate debt 879 (4) 17 (347) 108 (235) — 418 — 3 RMBS 1,884 59 26 (18) — (48) (35) 1,868 — 24 CMBS 207 (22) (1) 1 11 (148) — 48 — (12) CLO/ABS 1,483 (12) 20 (83) 17 (42) 13 1,396 — 12 Total bonds available for sale 4,475 21 64 (454) 143 (475) (22) 3,752 — 29 Other bond securities: Corporate debt — — — 44 — — — 44 — — RMBS 65 2 — (15) — — — 52 (9) — CLO/ABS 158 1 — (13) — (3) 11 154 (23) — Total other bond securities 223 3 — 16 — (3) 11 250 (32) — Equity securities 13 2 — 4 10 (1) — 28 2 — Other invested assets 244 (7) — (10) — — — 227 (10) — Other assets 107 — — 4 — — — 111 — — Total $ 5,062 $ 19 $ 64 $ (440) $ 153 $ (479) $ (11) $ 4,368 $ (40) $ 29 (in millions) Fair Value Net Other Purchases, Gross Gross Other Fair Changes in Changes in Liabilities: Derivative liabilities, net: Interest rate contracts $ (311) $ 84 $ — $ (112) $ — $ — $ — $ (339) $ — $ (29) Foreign exchange contracts — 2 — — — — — 2 — (2) Equity contracts (271) (69) — (59) — — — (399) 63 — Credit contracts — (1) — 1 — — — — — — Other contracts (1) (1) — 1 — — — (1) 1 — Total derivative liabilities, net (a) (583) 15 — (169) — — — (737) 64 (31) Fortitude Re funds withheld payable (41) 82 — (310) — — — (269) (48) — Other liabilities 112 (14) — — — — — 98 — — Total $ (512) $ 83 $ — $ (479) $ — $ — $ — $ (908) $ 16 $ (31) (a) Total Level 3 derivative exposures have been netted in these tables for presentation purposes only. The following table presents the gross components of purchases, sales, issuances and settlements, net, shown above, for the three and six months ended June 30, 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) Six Months Ended June 30, 2024 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 1 $ — $ — $ 1 Non-U.S. governments 4 — (4) — Corporate debt 11 (3) (68) (60) RMBS — (1) (149) (150) CMBS — — (18) (18) CLO/ABS 66 (2) (130) (66) Total bonds available for sale 82 (6) (369) (293) Other bond securities: RMBS 3 (1) (2) — CLO/ABS 11 — (6) 5 Total other bond securities 14 (1) (8) 5 Other invested assets 1 — (40) (39) Other assets — — (113) (113) Total $ 97 $ (7) $ (530) $ (440) Liabilities: Derivative liabilities, net $ — $ — $ 374 $ 374 Fortitude Re funds withheld payable — — (7) (7) Other Liabilities — — (21) (21) Total $ — $ — $ 346 $ 346 Six Months Ended June 30, 2023 Assets: Bonds available for sale: Obligations of states, municipalities and political subdivisions $ 1 $ (4) $ (2) $ (5) Non-U.S. governments — — (2) (2) Corporate Debt 8 — (355) (347) RMBS 170 (19) (169) (18) CMBS 1 (5) 5 1 CLO/ABS 107 (151) (39) (83) Total bonds available for sale 287 (179) (562) (454) Other bond securities: Corporate debt 20 — 24 44 RMBS — — (15) (15) CLO/ABS 14 — (27) (13) Total other bond securities 34 — (18) 16 Equity securities 5 — (1) 4 Other invested assets 1 — (11) (10) Other assets — — 4 4 Total $ 327 $ (179) $ (588) $ (440) Liabilities: Derivative liabilities, net $ (316) $ 4 $ 143 $ (169) Fortitude Re funds withheld payable — — (310) (310) Total $ (316) $ 4 $ (167) $ (479) (a)
Schedule of Net Realized and Unrealized Gains and Losses Included in Income, Level 3 Assets	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 Total Three Months Ended June 30, 2024 Assets: Bonds available for sale $ 25 $ (2) $ 23 Other bond securities 2 — 2 Other invested assets (4) — (4) Three Months Ended June 30, 2023 Assets: Bonds available for sale $ 4 $ (15) $ (11) Other bond securities (1) — (1) Equity securities 2 — 2 Other invested assets 1 — 1 Six Months Ended June 30, 2024 Assets: Bonds available for sale $ 40 $ (8) $ 32 Other bond securities 1 — 1 Other invested assets (13) — (13) Six Months Ended June 30, 2023 Assets: Bonds available for sale $ 37 $ (16) $ 21 Other bond securities 3 — 3 Equity securities 2 — 2 Other invested assets (7) — (7) (in millions) Net Net Realized Total Three Months Ended June 30, 2024 Liabilities: Derivative liabilities, net $ — $ (12) $ (12) Fortitude Re funds withheld payable — (8) (8) Other Liabilities — 28 28 Three Months Ended June 30, 2023 Liabilities: Derivative liabilities, net $ — $ 29 $ 29 Fortitude Re funds withheld payable — (58) (58) Other Liabilities — (14) (14) Six Months Ended June 30, 2024 Liabilities: Derivative liabilities, net $ — $ 40 $ 40 Fortitude Re funds withheld payable — 1 1 Other Liabilities — (2) (2) Six Months Ended June 30, 2023 Liabilities: Derivative liabilities, net $ — $ 15 $ 15 Fortitude Re funds withheld payable — 82 82 Other Liabilities — (14) (14)
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 $ 4 Discounted cash flow Yield 5.09% - 5.47% (5.28%) Corporate debt 306 Discounted cash flow Yield 5.69% - 10.38% (8.04%) RMBS (a) 1,268 Discounted cash flow Constant prepayment rate 4.58% - 10.68% (7.63%) Loss severity 41.73% - 76.79% (59.26%) Constant default rate 0.77% - 2.62% (1.70%) Yield 6.30% - 7.61% (6.96%) CLO/ABS (a) 1,163 Discounted cash flow Yield 5.47% - 8.82% (7.15%) CMBS 14 Discounted cash flow Yield 7.22% - 15.19% (11.20%) (in millions) Fair Value at Valuation Unobservable Input (b) Range (Weighted Average) (c) Assets: Obligations of states, municipalities and political subdivisions $ 3 Discounted cash flow Yield 5.00% - 5.50% (5.23%) Corporate debt 332 Discounted cash flow Yield 5.16% - 9.62% (7.39%) RMBS (a) 1,341 Discounted cash flow Constant prepayment rate 4.43% - 10.30% (7.36%) Loss severity 43.21% - 76.65% (59.93%) Constant default rate 0.82% - 2.64% (1.73%) Yield 6.18% - 7.42% (6.80%) CLO/ABS (a) 1,100 Discounted cash flow Yield 5.31% - 8.56% (6.94%) CMBS 22 Discounted cash flow Yield 9.84% - 17.24% (13.54%) (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)
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. June 30, 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 $ 1,212 $ 479 $ 1,171 $ 558 Real assets Investments in real estate properties, agricultural and infrastructure assets, including power plants and other energy producing assets 839 308 870 344 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 77 45 67 50 Growth equity Funds that make investments in established companies for the purpose of growing their businesses 204 13 196 9 Mezzanine Funds that make investments in the junior debt and equity securities of leveraged companies 129 54 140 56 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 901 60 944 64 Total private equity funds 3,362 959 3,388 1,081 Hedge funds: Event-driven Securities of companies undergoing material structural changes, including mergers, acquisitions and other reorganizations 13 — 13 — Long-short Securities that the manager believes are undervalued, with corresponding short positions to hedge market risk 168 — 389 — Macro Investments that take long and short positions in financial instruments based on a top-down view of certain economic and capital market conditions — — — — 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 7 — 9 — Total hedge funds 188 — 411 — Total $ 3,550 $ 959 $ 3,799 $ 1,081
Fair Value Option	The following table presents the gains or losses recorded related to the eligible instruments for which we elected the fair value option: Gain (Loss) Three Months Gain (Loss) Six Months (in millions) 2024 2023 2024 2023 Other bond securities (a) $ 5 $ (11) $ 7 $ 9 Alternative investments (b) 28 54 108 130 All other investments (c) 65 — 65 — Total gain (loss) $ 98 $ 43 $ 180 $ 139 (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 real estate investments. (c)
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 June 30, 2024 Assets: Mortgage and other loans receivable $ — $ 341 $ 3,871 $ 4,212 $ 4,347 Other invested assets — 591 6 597 597 Short-term investments (a) — 4,426 — 4,426 4,426 Cash (b) 1,381 — — 1,381 1,381 Other assets 18 — — 18 18 Liabilities: Fortitude Re funds withheld payable — — 3,518 3,518 3,518 Long-term debt — 8,867 235 9,102 9,861 Debt of consolidated investment entities — — 79 79 79 Estimated Fair Value Carrying (in millions) Level 1 Level 2 Level 3 Total December 31, 2023 Assets: Mortgage and other loans receivable $ — $ 242 $ 4,113 $ 4,355 $ 4,441 Other invested assets — 645 6 651 651 Short-term investments — 3,502 — 3,502 3,502 Cash 1,540 — — 1,540 1,540 Other assets 32 — — 32 32 Liabilities: Fortitude Re funds withheld payable — — 3,675 3,675 3,675 Long-term debt — 9,623 267 9,890 10,375 Debt of consolidated investment entities — — 231 231 231 (a) Excludes $7 million at June 30, 2024 reclassified to Assets held for sale on the Condensed Consolidated Balance Sheets. (b)

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 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 Gross Unrealized Losses Fair Value June 30, 2024 Bonds available for sale: U.S. government and government sponsored entities $ 4,511 $ — $ 15 $ (117) $ 4,409 Obligations of states, municipalities and political subdivisions 4,635 — 32 (175) 4,492 Non-U.S. governments 8,649 — 67 (655) 8,061 Corporate debt 32,503 (24) 481 (2,173) 30,787 Mortgage-backed, asset-backed and collateralized: RMBS 6,041 (5) 197 (455) 5,778 CMBS 4,431 (4) 19 (159) 4,287 CLO/ABS 4,556 — 36 (73) 4,519 Total mortgage-backed, asset-backed and collateralized 15,028 (9) 252 (687) 14,584 Total bonds available for sale (b) $ 65,326 $ (33) $ 847 $ (3,807) $ 62,333 December 31, 2023 Bonds available for sale: U.S. government and government sponsored entities $ 4,444 $ — $ 40 $ (89) $ 4,395 Obligations of states, municipalities and political subdivisions 4,930 — 60 (157) 4,833 Non-U.S. governments 8,973 (1) 94 (670) 8,396 Corporate debt 34,013 (20) 606 (2,253) 32,346 Mortgage-backed, asset-backed and collateralized: RMBS 6,423 (9) 219 (426) 6,207 CMBS 4,326 (4) 23 (198) 4,147 CLO/ABS 5,010 — 31 (123) 4,918 Total mortgage-backed, asset-backed and collateralized 15,759 (13) 273 (747) 15,272 Total bonds available for sale (b) $ 68,119 $ (34) $ 1,073 $ (3,916) $ 65,242 (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 June 30, 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 $4.8 billion or 8 percent and $5.2 billion or 8 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 June 30, 2024 Bonds available for sale: U.S. government and government sponsored entities $ 2,137 $ 20 $ 1,274 $ 97 $ 3,411 $ 117 Obligations of states, municipalities and political subdivisions 1,529 31 1,904 144 3,433 175 Non-U.S. governments 1,492 44 4,504 611 5,996 655 Corporate debt 5,683 112 16,911 2,050 22,594 2,162 RMBS 1,114 48 2,752 398 3,866 446 CMBS 999 17 1,991 136 2,990 153 CLO/ABS 932 19 782 54 1,714 73 Total bonds available for sale $ 13,886 $ 291 $ 30,118 $ 3,490 $ 44,004 $ 3,781 Less than 12 Months 12 Months or More Total (in millions) Fair Gross Fair Gross Fair Gross December 31, 2023 Bonds available for sale: U.S. government and government sponsored entities $ 1,027 $ 10 $ 804 $ 79 $ 1,831 $ 89 Obligations of states, municipalities and political subdivisions 850 24 1,602 133 2,452 157 Non-U.S. governments 1,431 87 4,503 583 5,934 670 Corporate debt 4,089 171 18,612 2,070 22,701 2,241 RMBS 1,456 114 2,385 300 3,841 414 CMBS 1,024 54 1,622 137 2,646 191 CLO/ABS 1,371 33 1,509 90 2,880 123 Total bonds available for sale $ 11,248 $ 493 $ 31,037 $ 3,392 $ 42,285 $ 3,885
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: June 30, 2024 Total Fixed Maturity Securities (in millions) Amortized Cost, Fair Value Due in one year or less $ 4,441 $ 4,383 Due after one year through five years 24,968 24,177 Due after five years through ten years 16,122 15,111 Due after ten years 4,743 4,078 Mortgage-backed, asset-backed and collateralized 15,019 14,584 Total $ 65,293 $ 62,333
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 June 30, Six Months Ended June 30, 2024 2023 2024 2023 (in millions) Gross Gross Gross Gross Gross Gross Gross Gross Fixed maturity securities $ 28 $ 197 $ 24 $ 119 $ 43 $ 313 $ 118 $ 577 The following table presents the components of Net realized gains (losses): Three Months Ended June 30, 2024 2023 (in millions) Excluding Fortitude Total Excluding Fortitude Total Sales of fixed maturity securities $ (168) $ (1) $ (169) $ (88) $ (7) $ (95) Change in allowance for credit losses on fixed maturity securities (18) — (18) (30) — (30) Change in allowance for credit losses on loans (12) 3 (9) 1 1 2 Foreign exchange transactions 52 — 52 123 2 125 All other derivatives and hedge accounting (21) — (21) (89) (3) (92) Sales of alternative investments 4 — 4 — — — Other (24) (3) (27) 18 — 18 Net realized losses – excluding Fortitude Re funds withheld embedded derivative (187) (1) (188) (65) (7) (72) Net realized gains on Fortitude Re funds withheld embedded derivative — 8 8 — 58 58 Net realized gains (losses) $ (187) $ 7 $ (180) $ (65) $ 51 $ (14) Six Months Ended June 30, 2024 2023 (in millions) Excluding Fortitude Total Excluding Fortitude Total Sales of fixed maturity securities $ (254) $ (16) $ (270) $ (400) $ (59) $ (459) Change in allowance for credit losses on fixed maturity securities (19) — (19) (24) — (24) Change in allowance for credit losses on loans (20) 1 (19) (7) (1) (8) Foreign exchange transactions 111 (3) 108 155 5 160 All other derivatives and hedge accounting (69) 2 (67) (113) (6) (119) Sales of alternative investments 14 (1) 13 1 — 1 Other (9) (3) (12) 6 — 6 Net realized gains (losses) – excluding Fortitude Re funds withheld embedded derivative (246) (20) (266) (382) (61) (443) Net realized losses on Fortitude Re funds withheld embedded derivative — (1) (1) — (82) (82) Net realized gains (losses) $ (246) $ (21) $ (267) $ (382) $ (143) $ (525)
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) June 30, 2024 December 31, 2023 Fair Percent Fair Percent Fixed maturity securities: Obligations of states, municipalities and political subdivisions $ 50 3 % $ 51 4 % Non-U.S. governments 25 2 24 2 Corporate debt 311 21 255 19 Mortgage-backed, asset-backed and collateralized: RMBS 102 7 93 7 CMBS 42 3 33 2 CLO/ABS and other collateralized securities 236 16 207 16 Total mortgage-backed, asset-backed and collateralized 380 26 333 25 Total fixed maturity securities 766 52 663 50 Equity securities 688 48 665 50 Total $ 1,454 100 % $ 1,328 100 %
Schedule of Other Invested Assets	The following table summarizes the carrying amounts of other invested assets: (in millions) June 30, 2024 December 31, 2023 Alternative investments (a)(b) $ 4,283 $ 4,345 Retained investment in Corebridge using fair value option 8,567 — All other investments 1,938 2,023 Total $ 14,788 $ 6,368 (a) At June 30, 2024, included hedge funds of $188 million and private equity funds of $3.9 billion. At December 31, 2023, included hedge funds of $411 million and private equity funds of $3.7 billion. Includes investments in real estate, net of accumulated depreciation. At June 30, 2024 and December 31, 2023, the accumulated depreciation was $162 million and $161 million, respectively. (b)
Schedule of Net Investment Income	NET INVESTMENT INCOME The following table presents the components of Net investment income: Three Months Ended June 30, 2024 2023 (in millions) Excluding Fortitude Fortitude Re Total Excluding Fortitude Fortitude Re Total Available for sale fixed maturity securities, including short-term investments $ 723 $ 20 $ 743 $ 714 $ 24 $ 738 Other fixed maturity securities 1 4 5 (1) (10) (11) Equity securities (4) — (4) 41 — 41 Interest on mortgage and other loans 65 8 73 73 9 82 Alternative investments (a) 32 — 32 44 — 44 Other investments (b) 177 1 178 (6) 2 (4) Total investment income 994 33 1,027 865 25 890 Investment expenses 37 — 37 53 — 53 Net investment income $ 957 $ 33 $ 990 $ 812 $ 25 $ 837 Six Months Ended June 30, 2024 2023 (in millions) Excluding Fortitude Fortitude Re Total Excluding Fortitude Fortitude Re Total Available for sale fixed maturity securities, including short-term investments $ 1,488 $ 42 $ 1,530 $ 1,354 $ 50 $ 1,404 Other fixed maturity securities (4) 11 7 2 7 9 Equity securities 84 — 84 62 — 62 Interest on mortgage and other loans 133 17 150 139 18 157 Alternative investments (a) 87 (1) 86 139 — 139 Other investments (b) 199 3 202 8 2 10 Total investment income 1,987 72 2,059 1,704 77 1,781 Investment expenses 90 — 90 100 — 100 Net investment income $ 1,897 $ 72 $ 1,969 $ 1,604 $ 77 $ 1,681 (a) Included income from hedge funds, private equity funds and real estate investments. Hedge funds are recorded as of the balance sheet date. Private equity funds are generally reported on a one-quarter lag. (b)
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 Six Months Ended (in millions) 2024 2023 2024 2023 Increase (decrease) in unrealized appreciation (depreciation) of investments: Fixed maturity securities $ 15 $ (180) $ (117) $ 829 Other investments (39) — (39) — Total increase (decrease) in unrealized appreciation (depreciation) of investments* $ (24) $ (180) $ (156) $ 829 * Excludes net unrealized gains and losses attributable to businesses held for sale or reclassified to discontinued operations at June 30, 2024 and 2023. The following table summarizes the unrealized gains and losses recognized in Net investment income during the reporting period on equity securities and other investments still held at the reporting date: Three Months Ended June 30, 2024 2023 (in millions) Equities Other Invested Assets* Total Equities Other Invested Assets Total Net gains (losses) recognized during the period on equity securities and other investments $ (4) $ 109 $ 105 $ 41 $ 64 $ 105 Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period 3 25 28 (12) 8 (4) Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date $ (7) $ 84 $ 77 $ 53 $ 56 $ 109 Six Months Ended June 30, 2024 2023 (in millions) Equities Other Invested Assets* Total Equities Other Invested Assets Total Net gains recognized during the period on equity securities and other investments $ 84 $ 192 $ 276 $ 62 $ 143 $ 205 Less: Net gains recognized during the period on equity securities and other investments sold during the period 43 24 67 76 9 85 Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date $ 41 $ 168 $ 209 $ (14) $ 134 $ 120 * Includes unrealized gain on AIG’s ownership interest in Corebridge of $65 million
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 June 30, 2024 2023 (in millions) Structured Non- Total Structured Non- Total Balance, beginning of period $ 3 $ 25 $ 28 $ 16 $ 12 $ 28 Additions: Securities for which allowance for credit losses were not previously recorded 1 5 6 1 23 24 Reductions: Securities sold during the period — (1) (1) (2) (1) (3) 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 2 10 12 1 5 6 Write-offs charged against the allowance — (14) (14) (10) (11) (21) Other — 2 2 1 (1) — Balance, end of period $ 6 $ 27 $ 33 $ 7 $ 27 $ 34 Six Months Ended June 30, 2024 2023 (in millions) Structured Non- Total Structured Non- Total Balance, beginning of year $ 13 $ 21 $ 34 $ 20 $ 17 $ 37 Additions: Securities for which allowance for credit losses were not previously recorded 1 9 10 2 28 30 Reductions: Securities sold during the period — — — (2) (3) (5) 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 (8) 17 9 (3) (3) (6) Write-offs charged against the allowance — (22) (22) (10) (11) (21) Other — 2 2 — (1) (1) Balance, end of period $ 6 $ 27 $ 33 $ 7 $ 27 $ 34
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) June 30, 2024 December 31, 2023 Fixed maturity securities available for sale $ — $ 106 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 December 31, 2023 Bonds available for sale: Non-U.S. governments $ — $ 106 $ — $ — $ — $ 106 Corporate debt — — — — — — Total $ — $ 106 $ — $ — $ — $ 106 The following table presents information on the fair value of securities pledged to us under reverse repurchase agreements: (in millions) June 30, 2024 December 31, 2023 Securities collateral pledged to us $ 1,700 $ 1,200

Lending Activities (Tables)

Lending Activities (Tables)	6 Months Ended
	Jun. 30, 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) June 30, 2024 December 31, 2023 Commercial mortgages (a) $ 3,728 $ 3,836 Life insurance policy loans 6 7 Commercial loans, other loans and notes receivable (b) 776 738 Total mortgage and other loans receivable (c) 4,510 4,581 Allowance for credit losses (c) (d) (163) (140) Mortgage and other loans receivable, net (c) $ 4,347 $ 4,441 (a) Commercial mortgages primarily represent loans for apartments, offices and retail properties, with exposures in California and New York representing the largest geographic concentrations (aggregating approximately 12 percent and 10 percent, respectively, at June 30, 2024 and 13 percent and 10 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 June 30, 2024 and December 31, 2023. (c) Excludes $37.6 billion at both June 30, 2024 and December 31, 2023 of loans 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 $5 million and $9 million, respectively, at June 30, 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: June 30, 2024 2024 2023 2022 2021 2020 Prior Total (in millions) >1.2X $ 33 $ 460 $ 183 $ 407 $ 102 $ 1,719 $ 2,904 1.00 - 1.20X 19 33 48 285 56 247 688 <1.00X — — 11 — — 125 136 Total commercial mortgages $ 52 $ 493 $ 242 $ 692 $ 158 $ 2,091 $ 3,728 December 31, 2023 2023 2022 2021 2020 2019 Prior Total (in millions) >1.2X $ 398 $ 167 $ 394 $ 135 $ 156 $ 1,784 $ 3,034 1.00 - 1.20X 5 71 254 56 21 298 705 <1.00X — 11 — — — 86 97 Total commercial mortgages $ 403 $ 249 $ 648 $ 191 $ 177 $ 2,168 $ 3,836 The following table presents loan-to-value ratios (b) for commercial mortgages by year of vintage: June 30, 2024 2024 2023 2022 2021 2020 Prior Total (in millions) Less than 65% $ 33 $ 357 $ 154 $ 506 $ 150 $ 1,400 $ 2,600 65% to 75% 19 81 46 134 — 302 582 76% to 80% — — — — — 62 62 Greater than 80% — 55 42 52 8 327 484 Total commercial mortgages $ 52 $ 493 $ 242 $ 692 $ 158 $ 2,091 $ 3,728 December 31, 2023 2023 2022 2021 2020 2019 Prior Total (in millions) Less than 65% $ 359 $ 159 $ 492 $ 177 $ 156 $ 1,385 $ 2,728 65% to 75% 10 15 137 — 21 367 550 76% to 80% — 32 10 — — — 42 Greater than 80% 34 43 9 14 — 416 516 Total commercial mortgages $ 403 $ 249 $ 648 $ 191 $ 177 $ 2,168 $ 3,836 (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 1.8x at both periods ended June 30, 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 64 percent and 62 percent at June 30, 2024 and December 31, 2023, respectively. 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 June 30, 2024 Past Due Status: In good standing 206 $ 1,241 $ 1,073 $ 422 $ 446 $ 243 $ 120 $ 3,545 95 % 90 days or less delinquent 1 — 112 — — — — 112 3 >90 days delinquent or in process of foreclosure 3 — 10 61 — — — 71 2 Total* 210 $ 1,241 $ 1,195 $ 483 $ 446 $ 243 $ 120 $ 3,728 100 % Allowance for credit losses $ 6 $ 99 $ 34 $ 9 $ 12 $ 2 $ 162 4 % Number Class Percent (dollars in millions) Apartments Offices Retail Industrial Hotel Others Total December 31, 2023 Past Due Status: In good standing 211 $ 1,267 $ 1,212 $ 476 $ 460 $ 247 $ 121 $ 3,783 99 % 90 days or less delinquent 1 — 11 — — — — 11 — >90 days delinquent or in process of foreclosure 1 — — 42 — — — 42 1 Total* 213 $ 1,267 $ 1,223 $ 518 $ 460 $ 247 $ 121 $ 3,836 100 % Allowance for credit losses $ 9 $ 75 $ 36 $ 7 $ 9 $ 2 $ 138 4 % *
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 June 30, 2024 (b) 2023 (in millions) Commercial Other Total Commercial Other Total Allowance, beginning of period $ 150 $ 3 $ 153 $ 119 $ 8 $ 127 Loans charged off — — — (2) — (2) Net charge-offs — — — (2) — (2) Addition to (release of) allowance for loan losses 12 (2) 10 (1) (5) (6) Allowance, end of period $ 162 $ 1 $ 163 $ 116 $ 3 $ 119 Six Months Ended June 30, 2024 (b) 2023 (in millions) Commercial Other Total Commercial Other Total Allowance, beginning of year $ 138 $ 2 $ 140 $ 109 $ 8 $ 117 Loans charged off — — — (2) — (2) Net charge-offs — — — (2) — (2) Addition to (release of) allowance for loan losses 24 (1) 23 9 (5) 4 Allowance, end of period $ 162 $ 1 $ 163 $ 116 $ 3 $ 119 (a) Does not include allowance for credit losses of $5 million and $13 million, respectively, at June 30, 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 June 30, 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)	6 Months Ended
	Jun. 30, 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: June 30, 2024 December 31, 2023 (in millions) Carrying Fair Carrying Fair Corresponding Accounting Policy Fixed maturity securities - available for sale (a) $ 1,997 $ 1,997 $ 2,180 $ 2,180 Fair value through other comprehensive income (loss) Fixed maturity securities - fair value option 761 761 655 655 Fair value through net investment income Commercial mortgage loans 474 461 543 528 Amortized cost Short-term investments 18 18 46 46 Fair value through net investment income Funds withheld investment assets 3,250 3,237 3,424 3,409 Derivative assets, net (b) 1 1 — — Fair value through net realized gains (losses) Other (c) 126 126 118 118 Amortized cost Total $ 3,377 $ 3,364 $ 3,542 $ 3,527 (a) The change in the net unrealized gains (losses) on available for sale securities related to the Fortitude Re funds withheld assets was $(53) million ($(42) million after-tax) and $21 million ($16 million after-tax), respectively for the six months ended June 30, 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 $3 million and $27 million, respectively, as of June 30, 2024. The derivative assets and liabilities supporting the Fortitude Re funds withheld arrangements had a fair market value of $1 million and $28 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 Six Months Ended (in millions) 2024 2023 2024 2023 Net investment income - Fortitude Re funds withheld assets $ 33 $ 25 $ 72 $ 77 Net realized gains (losses) on Fortitude Re funds withheld assets: Net realized losses - Fortitude Re funds withheld assets (1) (7) (20) (61) Net realized gains (losses) - Fortitude Re funds withheld embedded derivative 8 58 (1) (82) Net realized gains (losses) on Fortitude Re funds withheld assets 7 51 (21) (143) Income (loss) from continuing operations before income tax expense (benefit) 40 76 51 (66) Income tax expense (benefit) (a) 9 16 11 (14) Net income (loss) 31 60 40 (52) Change in unrealized appreciation (depreciation) of all other investments (a) (34) (58) (42) 16 Comprehensive income (loss) $ (3) $ 2 $ (2) $ (36) (a) The income tax expense (benefit) and the tax impact in Accumulated other comprehensive income (loss) (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 Six Months Ended (in millions) 2024 2023 2024 2023 Balance, beginning of period $ 255 $ 253 $ 255 $ 260 Addition to (release of) allowance for expected credit losses and disputes, net (1) (1) — (4) Write-offs charged against the allowance for credit losses and disputes — — (1) (1) Other changes 6 2 6 (1) Balance, end of period $ 260 $ 254 $ 260 $ 254

Deferred Policy Acquisition C_2

Deferred Policy Acquisition Costs (Tables)	6 Months Ended
	Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Policy Acquisition Costs	The following table presents a rollforward of DAC: Six Months Ended June 30, (in millions) 2024 2023 Balance, beginning of year $ 2,117 $ 2,343 Capitalization 1,803 2,396 Amortization expense (1,680) (1,972) Other, including foreign exchange (117) (23) Reclassified to held for sale — (712) Balance, end of period $ 2,123 $ 2,032

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 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) June 30, 2024 December 31, 2023 Assets: Bonds available for sale $ 30 $ 72 Mortgage and other loans receivable — 122 Short-term investments — 5 Accrued investment income 1 2 Other assets 1 1 Total* $ 32 $ 202 Liabilities: Debt of consolidated investment entities $ — $ 38 Total $ — $ 38 * The assets of each VIE can be used only to settle specific obligations of that 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 June 30, 2024 Real estate and investment entities (a) $ 361,397 $ 3,686 $ 1,306 (d) $ 4,992 Other (b) 1,027 — 748 (e) 748 Total $ 362,424 $ 3,686 $ 2,054 $ 5,740 December 31, 2023 Real estate and investment entities (a) $ 355,003 $ 4,107 $ 1,492 (d) $ 5,599 Other (b) 1,027 — 748 (e) 748 Total $ 356,030 $ 4,107 $ 2,240 $ 6,347 (a) Comprised primarily of hedge funds and private equity funds. (b) At June 30, 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 June 30, 2024 and December 31, 2023, $3.7 billion and $4.1 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)	6 Months Ended
	Jun. 30, 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: June 30, 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) Foreign exchange contracts $ 625 $ 42 $ 947 $ 157 $ 933 $ 58 $ 1,296 $ 164 Derivatives not designated as hedging instruments: (a) Interest rate contracts 1,799 266 937 291 14,657 741 1,165 352 Foreign exchange contracts 2,408 215 2,350 168 4,019 393 8,008 400 Equity contracts 81 35 — — 36,045 66 — — Credit contracts (b) 1,803 33 207 33 1,804 33 504 36 Other contracts (c) 2,123 1 — — 2,131 1 — — June 30, 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 Total derivatives, gross $ 8,839 $ 592 $ 4,441 $ 649 $ 59,589 $ 1,292 $ 10,973 $ 952 Counterparty netting (d) (245) (245) (450) (450) Cash collateral (e) (288) (180) (711) (249) Total derivatives on Condensed Consolidated Balance Sheets (f) $ 59 $ 224 $ 131 $ 253 (a) Fair value amounts are shown before the effects of counterparty netting adjustments and offsetting cash collateral. (b) As of June 30, 2024 and December 31, 2023, included CDSs on super senior multi-sector CLO with a net notional amount of $48 million and $50 million (fair value liability of $32 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 $154 million at June 30, 2024 and $3.4 billion at December 31, 2023. Fair value of liabilities related to bifurcated embedded derivatives was zero at both June 30, 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 June 30, 2024 Foreign exchange contracts: Net realized gains/(losses) $ (57) $ (15) $ 57 $ (15) Three Months Ended June 30, 2023 Foreign exchange contracts: Net realized gains/(losses) $ (141) $ (2) $ 141 $ (2) Six Months Ended June 30, 2024 Foreign exchange contracts: Net realized gains/(losses) $ (115) $ (27) $ 115 $ (27) Six Months Ended June 30, 2023 Foreign exchange contracts: Net realized gains/(losses) $ (191) $ (2) $ 191 $ (2) (a) Gains and losses on derivative instruments designated and qualifying in fair value hedges that are included in the assessment of hedge effectiveness. (b) Gains and losses on derivative instruments designated and qualifying in fair value hedges that are excluded from the assessment of hedge effectiveness and recognized in income on a mark-to-market basis.
Derivatives Not Designated as Hedging Instruments	The following table presents the effect of derivative instruments not designated as hedging instruments in the Condensed Consolidated Statements of Income (Loss): Gains (Losses) Recognized in Income Three Months Ended Six Months Ended (in millions) 2024 2023 2024 2023 By Derivative Type: Interest rate contracts $ — $ (3) $ (2) $ (2) Foreign exchange contracts (26) (92) (65) (126) Equity contracts — 1 — 1 Commodity contracts — 1 — 8 Credit contracts (1) — — (1) Embedded derivatives 8 58 (1) (82) Total $ (19) $ (35) $ (68) $ (202) By Classification: Net investment income - Fortitude Re funds withheld assets — (1) — (1) Net realized losses - excluding Fortitude Re funds withheld assets (27) (89) (69) (113) Net realized gains (losses) on Fortitude Re funds withheld assets * 8 55 1 (88) Total $ (19) $ (35) $ (68) $ (202) *

Insurance Liabilities (Tables)

Insurance Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Insurance [Abstract]
Rollforward of Activity in Loss Reserves	The following table presents the rollforward of activity in loss reserves: Three Months Ended Six Months Ended (in millions) 2024 2023 2024 2023 Liability for unpaid loss and loss adjustment expenses, beginning of period $ 70,060 $ 75,793 $ 70,393 $ 75,167 Reinsurance recoverable (30,169) (32,366) (30,289) (32,102) Net Liability for unpaid loss and loss adjustment expenses, beginning of period 39,891 43,427 40,104 43,065 Losses and loss adjustment expenses incurred: Current year 3,546 3,945 6,911 7,729 Prior years, excluding discount and amortization of deferred gain (108) (107) (108) (134) Prior years, discount charge (benefit) 62 54 168 148 Prior years, amortization of deferred gain on retroactive reinsurance (a) (33) (25) (65) (85) Total losses and loss adjustment expenses incurred 3,467 3,867 6,906 7,658 Losses and loss adjustment expenses paid: Current year (855) (881) (1,141) (1,170) Prior years (2,597) (2,994) (5,454) (6,543) Total losses and loss adjustment expenses paid (3,452) (3,875) (6,595) (7,713) Other changes: Foreign exchange effect (158) (25) (654) 372 Retroactive reinsurance adjustment (net of discount) (b) 186 47 178 59 Reclassified to held for sale, net of reinsurance recoverables (c) — (3,383) (5) (3,383) Total other changes 28 (3,361) (481) (2,952) Liability for unpaid loss and loss adjustment expenses, end of period: Net liability for unpaid losses and loss adjustment expenses 39,934 40,058 39,934 40,058 Reinsurance recoverable (d) 29,849 30,226 29,849 30,226 Total $ 69,783 $ 70,284 $ 69,783 $ 70,284 (a) Includes $39 million and $6 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 June 30, 2024 and 2023, respectively, and $44 million and $13 million for the six months ended June 30, 2024 and 2023, respectively. (b) Includes benefit (charge) from change in discount on retroactive reinsurance in the amount of $23 million and $26 million for the three months ended June 30, 2024 and 2023 respectively, and $78 million and $96 million for the six months ended June 30, 2024 and 2023, respectively. (c) Represents change in loss reserves included in Liabilities held for sale for the six months ended June 30, 2024. For additional information, see Note 4 . (d)
Schedule of Components of Loss Reserve Discount	The following table presents the components of the loss reserve discount discussed above: (in millions) June 30, 2024 December 31, 2023 U.S. workers' compensation $ 2,235 $ 2,337 Retroactive reinsurance (1,026) (1,104) Total reserve discount (a)(b) $ 1,209 $ 1,233 (a) Excludes $196 million and $196 million of discount related to certain long-tail liabilities in the UK at June 30, 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 Six Months Ended (in millions) 2024 2023 2024 2023 Current accident year $ 36 $ 38 $ 66 $ 68 Accretion and other adjustments to prior year discount (62) (54) (168) (148) Net reserve discount benefit (charge) (26) (16) (102) (80) Change in discount on loss reserves ceded under retroactive reinsurance 23 26 78 96 Net change in total reserve discount* $ (3) $ 10 $ (24) $ 16 *
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: Six Months Ended June 30, (in millions, except for liability durations) 2024 2023 Present value of expected net premiums Balance, beginning of year $ 1,702 $ 1,929 Effect of changes in discount rate assumptions (AOCI) 339 262 Beginning balance at original discount rate 2,041 2,191 Effect of actual variances from expected experience (7) (26) Adjusted beginning of year balance 2,034 2,165 Issuances 54 67 Interest accrual 21 21 Net premium collected (208) (117) Foreign exchange impact (155) (88) Ending balance at original discount rate 1,746 2,048 Effect of changes in discount rate assumptions (AOCI) (246) (330) Balance, end of period $ 1,500 $ 1,718 Present value of expected future policy benefits Balance, beginning of year $ 2,149 $ 2,380 Effect of changes in discount rate assumptions (AOCI) 441 362 Beginning balance at original discount rate 2,590 2,742 Effect of actual variances from expected experience (a) (8) (16) Adjusted beginning of year balance 2,582 2,726 Issuances 56 70 Interest accrual 26 26 Benefit payments (212) (122) Foreign exchange impact (203) (121) Ending balance at original discount rate 2,249 2,579 Effect of changes in discount rate assumptions (AOCI) (329) (423) Balance, end of period $ 1,920 $ 2,156 Net liability for future policy benefits, end of period $ 420 $ 438 Deferred profit liability 1 1 Other reconciling items (b) 934 963 Future policy benefits for life and accident and health insurance contracts 1,355 1,402 Less: Reinsurance recoverable (761) (754) Net liability for future policy benefits after reinsurance recoverable $ 594 $ 648 Weighted average liability duration of the liability for future policy benefits (c) 9.0 9.9 (a) Effect of changes in cash flow assumptions and variances from actual experience are partially offset by changes in the deferred profit liability. (b) Other reconciling items primarily include Accident and Health (short-duration) contracts and $724 million and $713 million at June 30, 2024 and 2023, respectively, of certain long-duration contracts that are 100 percent ceded. (c) 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. 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: Six Months Ended June 30, (in millions) 2024 2023 Undiscounted expected future benefits and expense $ 2,760 $ 3,165 Undiscounted expected future gross premiums 3,791 4,383 Discounted expected future gross premiums (at current discount rate) 2,737 3,109 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: Six Months Ended June 30, (in millions) 2024 2023 Gross Premiums $ 209 $ 232 Interest Accretion $ 4 $ 4 The following table presents the weighted-average interest rate for future policy benefits for nonparticipating contracts: Six Months Ended June 30, 2024 2023 Weighted-average interest rate, original discount rate 1.86 % 1.81 % Weighted-average interest rate, current discount rate 3.56 % 3.59 %

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity Note [Abstract]
Rollforward of Common Stock Outstanding	The following table presents a rollforward of outstanding shares: Six Months Ended June 30, 2024 Common Treasury Common Stock (in millions) Shares, beginning of year 1,906.7 (1,217.9) 688.8 Shares issued — 6.1 6.1 Shares repurchased — (45.1) (45.1) Shares, end of period 1,906.7 (1,256.9) 649.8
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, March 31, 2024, net of tax $ (66) $ (11,702) $ (493) $ 1,535 $ (3,329) $ (814) $ (14,869) Change in unrealized appreciation (depreciation) of investments* (19) (1,036) — — — — (1,055) Change in other — (9) — — — — (9) Change in fair value of market risk benefits, net — — 159 — — — 159 Change in discount rates — — — 262 — — 262 Change in future policy benefits — 67 — — — — 67 Change in foreign currency translation adjustments — — — — 85 — 85 Change in net actuarial loss — — — — — 10 10 Change in prior service cost — — — — — 1 1 Change in deferred tax asset (liability) 3 52 (34) (72) 13 (2) (40) Corebridge deconsolidation, net of tax 42 8,513 330 (1,583) (88) — 7,214 Total other comprehensive income 26 7,587 455 (1,393) 10 9 6,694 Corebridge noncontrolling interests 2 693 38 (120) (3) — 610 Balance, June 30, 2024, net of tax $ (38) $ (3,422) $ — $ 22 $ (3,322) $ (805) $ (7,565) Balance, March 31, 2023, net of tax $ (134) $ (17,129) $ (226) $ 2,150 $ (3,094) $ (896) $ (19,329) Change in unrealized appreciation (depreciation) of investments* 104 (2,383) — — — — (2,279) Change in other — (159) — — — — (159) Change in fair value of market risk benefits, net — — (241) — — — (241) Change in discount rates — — — 531 — — 531 Change in future policy benefits — 137 — — — — 137 Change in foreign currency translation adjustments — — — — (25) — (25) Change in net actuarial loss — — — — — 78 78 Change in prior service cost — — — — — 2 2 Change in deferred tax asset (liability) (20) 407 51 (158) (34) (28) 218 Total other comprehensive income (loss) 84 (1,998) (190) 373 (59) 52 (1,738) Corebridge noncontrolling interests 4 2,125 54 (345) (10) (1) 1,827 Noncontrolling interests 14 (347) (47) 111 11 — (258) Balance, June 30, 2023, net of tax $ (60) $ (16,655) $ (315) $ 2,067 $ (3,174) $ (845) $ (18,982) (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* 53 (2,310) — — — — (2,257) Change in other — (4) — — — — (4) Change in fair value of market risk benefits, net — — 130 — — — 130 Change in discount rates — — — 959 — — 959 Change in future policy benefits — (59) — — — — (59) Change in foreign currency translation adjustments — — — — (254) — (254) Change in net actuarial loss — — — — — 17 17 Change in prior service cost — — — — — 3 3 Change in deferred tax asset (liability) (12) 157 (28) (224) (1) (4) (112) Corebridge deconsolidation, net of tax 42 8,513 330 (1,583) (88) — 7,214 Total other comprehensive income (loss) 83 6,297 432 (848) (343) 16 5,637 Corebridge noncontrolling interests 2 610 33 (105) (3) — 537 Noncontrolling interests 17 (559) (11) 258 (3) — (298) Balance, June 30, 2024, net of tax $ (38) $ (3,422) $ — $ 22 $ (3,322) $ (805) $ (7,565) (in millions) Unrealized Unrealized Change in Fair Change in the Foreign Retirement Total 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* 113 2,613 — — — — 2,726 Change in other — (53) — — — — (53) Change in fair value of market risk benefits, net — — (146) — — — (146) Change in discount rates — — — 4 — — 4 Change in future policy benefits — 37 — — — — 37 Change in foreign currency translation adjustments — — — — (44) — (44) Change in net actuarial loss — — — — — 105 105 Change in prior service cost — — — — — 2 2 Change in deferred tax asset (liability) (23) (343) 31 (51) (43) (27) (456) Total other comprehensive income (loss) 90 2,254 (115) (47) (87) 80 2,175 Corebridge noncontrolling interests 4 2,125 54 (345) (10) (1) 1,827 Noncontrolling interests 18 359 (30) — 21 — 368 Balance, June 30, 2023, net of tax $ (60) $ (16,655) $ (315) $ 2,067 $ (3,174) $ (845) $ (18,982) *
Schedule of Other Comprehensive Income (Loss) Reclassification Adjustments	The following table presents the other comprehensive income (loss) reclassification adjustments for the three and six months ended June 30, 2024 and 2023 , respectively: (in millions) Unrealized Unrealized Change in Fair Change in the Foreign Retirement Total Three Months Ended June 30, 2024 Unrealized change arising during period $ (13) $ (811) $ 159 $ 262 $ 85 $ 3 $ (315) Less: Reclassification adjustments included in net income (36) (8,346) (330) 1,583 88 (8) (7,049) Total other comprehensive income (loss), before income tax expense (benefit) 23 7,535 489 (1,321) (3) 11 6,734 Less: Income tax expense (benefit) (3) (52) 34 72 (13) 2 40 Total other comprehensive income (loss), net of income tax expense (benefit) $ 26 $ 7,587 $ 455 $ (1,393) $ 10 $ 9 $ 6,694 Three Months Ended June 30, 2023 Unrealized change arising during period $ 97 $ (2,739) $ (241) $ 531 $ (25) $ 72 $ (2,305) Less: Reclassification adjustments included in net income (7) (334) — — — (8) (349) Total other comprehensive income (loss), before income tax expense (benefit) 104 (2,405) (241) 531 (25) 80 (1,956) Less: Income tax expense (benefit) 20 (407) (51) 158 34 28 (218) Total other comprehensive income (loss), net of income tax expense (benefit) $ 84 $ (1,998) $ (190) $ 373 $ (59) $ 52 $ (1,738) (in millions) Unrealized Unrealized Change in Fair Change in the Foreign Retirement Total Six Months Ended June 30, 2024 Unrealized change arising during period $ 53 $ (2,643) $ 130 $ 959 $ (254) $ 5 $ (1,750) Less: Reclassification adjustments included in net income (42) (8,783) (330) 1,583 88 (15) (7,499) Total other comprehensive income (loss), before of income tax expense (benefit) 95 6,140 460 (624) (342) 20 5,749 Less: Income tax expense (benefit) 12 (157) 28 224 1 4 112 Total other comprehensive income (loss), net of income tax expense (benefit) $ 83 $ 6,297 $ 432 $ (848) $ (343) $ 16 $ 5,637 Six Months Ended June 30, 2023 Unrealized change arising during period $ 90 $ 1,827 $ (146) $ 4 $ (44) $ 90 $ 1,821 Less: Reclassification adjustments included in net income (23) (770) — — — (17) (810) Total other comprehensive income (loss), before income tax expense (benefit) 113 2,597 (146) 4 (44) 107 2,631 (in millions) Unrealized Unrealized Change in Fair Change in the Foreign Retirement Total Less: Income tax expense (benefit) 23 343 (31) 51 43 27 456 Total other comprehensive income (loss), net of income tax expense (benefit) $ 90 $ 2,254 $ (115) $ (47) $ (87) $ 80 $ 2,175
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 June 30, 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 $ (7) Net realized gains (losses) Total 6 (7) Unrealized appreciation (depreciation) of all other investments Investments 167 (334) Net realized gains (losses) Total 167 (334) Change in retirement plan liabilities adjustment Prior-service credit (1) — (b) Actuarial losses (7) (8) (b) Total (8) (8) Corebridge deconsolidation, net of tax (7,214) — (c) Total reclassifications for the period $ (7,049) $ (349) Amount Reclassified from AOCI Affected Line Item in the Six Months Ended June 30, 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 $ — $ (23) Net realized gains (losses) Total — (23) Unrealized appreciation (depreciation) of all other investments Investments (270) (770) Net realized gains (losses) Total (270) (770) Change in retirement plan liabilities adjustment Prior-service credit (1) (1) (b) Actuarial losses (14) (16) (b) Total (15) (17) Corebridge deconsolidation, net of tax (7,214) — (c) Total reclassifications for the period $ (7,499) $ (810) (a) The following items are not reclassified out of AOCI and included in the Condensed Consolidated Statements of Income (Loss) and thus have been excluded from the table: (a) Change in fair value of market risk benefits attributable to changes in our own credit risk (b) Change in the discount rates used to measure traditional and limited-payment long-duration insurance contracts, and (c) Fair value of liabilities under fair value option attributable to changes in own credit risk. (b) These AOCI components are included in the computation of net periodic pension cost. (c)

Earnings Per Common Share (EP_2

Earnings Per Common Share (EPS) (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended (dollars in millions, except per common share data) 2024 2023 2024 2023 Numerator for EPS: Income from continuing operations $ 475 $ 841 $ 1,272 $ 1,178 Less: Preferred stock dividends and preferred stock redemption premiums — 8 22 15 Income attributable to AIG common shareholders from continuing operations 475 833 1,250 1,163 Income (loss) from discontinued operations, net of income tax expense (4,359) 850 (3,556) 426 Less: Net income attributable to noncontrolling interests 93 198 477 81 Income (loss) from discontinued operations, net of noncontrolling interest (4,452) 652 (4,033) 345 Net income (loss) attributable to AIG common shareholders $ (3,977) $ 1,485 $ (2,783) $ 1,508 Denominator for EPS: Weighted average common shares outstanding - basic 661,092,967 725,754,549 671,834,907 732,175,533 Dilutive common shares 5,862,201 4,792,563 5,623,436 5,115,161 Weighted average common shares outstanding - diluted (a) 666,955,168 730,547,112 677,458,343 737,290,694 Income (loss) per common share attributable to AIG common shareholders: Basic: Income from continuing operations $ 0.72 $ 1.15 $ 1.86 $ 1.59 Income (loss) from discontinued operations $ (6.74) $ 0.90 $ (6.00) $ 0.47 Income (loss) attributable to AIG common shareholders $ (6.02) $ 2.05 $ (4.14) $ 2.06 Diluted: Income from continuing operations $ 0.71 $ 1.14 $ 1.85 $ 1.58 Income (loss) from discontinued operations $ (6.67) $ 0.89 $ (5.96) $ 0.47 Income (loss) attributable to AIG common shareholders $ (5.96) $ 2.03 $ (4.11) $ 2.05 (a)

Basis of Presentation (Details)

Basis of Presentation (Details) $ in Millions	Jun. 30, 2024 country	Jun. 26, 2024 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of countries in which the entity operates | country	190
Disposal consideration | $		$ 600

Segment Information - Narrative

Segment Information - Narrative (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 segment
Segment Reporting [Abstract]
Number of operating segments | segment		2
Severance costs	$ 285
Business exit costs	$ 53

Segment Information - Schedule

Segment Information - Schedule of Continuing Operations by Operating Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Adjusted Revenues	$ 6,560	$ 7,436	$ 13,323	$ 14,145
Adjusted Pre-tax Income (Loss)	617	886	1,675	1,288
Changes in the fair values of equity securities and AIG's investment in Corebridge	59	41	147	62
Other income (expense) - net	15	8	17	23
Gain (loss) on extinguishment of debt	(1)	0	(1)	0
Net Investment Income	990	837	1,969	1,681
Net realized gains (losses)	(180)	(14)	(267)	(525)
Net realized losses, adjusted revenues	(188)	(67)	(240)	(386)
Net realized losses, adjusted pre-tax income (loss)	(186)	(64)	(241)	(383)
Net gain (loss) on divestitures and other	102	(15)	102	(12)
Non-operating litigation reserves and settlements, adjustment to revenue	0	0	0	1
Non-operating litigation reserves and settlements, pre-tax income (loss)	0	(1)	0	0
Favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements	62	18	60	37
Net loss reserve discount charge	(26)	(16)	(102)	(80)
Pension expense related to lump sum payments to former employees	0	(54)		(54)
Integration and transaction costs associated with acquiring or divesting businesses	(18)	(8)	(15)	(8)
Restructuring and other costs	(426)	(125)	(493)	(215)
Non-recurring costs related to regulatory or accounting changes	(7)	(7)	(11)	(15)
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	33	25	72	77
Net realized gains (losses)	(1)	(7)	(20)	(61)
Fortitude Re funds withheld embedded derivative
Segment Reporting Information [Line Items]
Net realized gains (losses)	8	58	(1)	(82)
Total
Segment Reporting Information [Line Items]
Adjusted Revenues	6,634	7,378	13,348	14,507
Adjusted Pre-tax Income (Loss)	1,018	1,041	2,178	2,010
Corporate Reconciling Items And Eliminations
Segment Reporting Information [Line Items]
Adjusted Revenues	139	156	305	280
Adjusted Pre-tax Income (Loss)	(158)	(278)	(356)	(557)
Other Operations before consolidation and eliminations
Segment Reporting Information [Line Items]
Adjusted Revenues	144	173	308	319
Adjusted Pre-tax Income (Loss)	(158)	(270)	(355)	(544)
Consolidation and eliminations
Segment Reporting Information [Line Items]
Adjusted Revenues	(5)	(17)	(3)	(39)
Adjusted Pre-tax Income (Loss)	0	(8)	(1)	(13)
General Insurance | Net investment income
Segment Reporting Information [Line Items]
Adjusted Revenues	746	725
Adjusted Pre-tax Income (Loss)	746	725
General Insurance | Reportable Segments
Segment Reporting Information [Line Items]
Adjusted Revenues	6,495	7,222	13,043	14,227
Adjusted Pre-tax Income (Loss)	1,176	1,319	2,534	2,567
General Insurance | Reportable Segments | North America
Segment Reporting Information [Line Items]
Adjusted Revenues	2,470	3,195	4,972	6,175
Adjusted Pre-tax Income (Loss)	163	352	387	651
General Insurance | Reportable Segments | International
Segment Reporting Information [Line Items]
Adjusted Revenues	3,279	3,302	6,563	6,581
Adjusted Pre-tax Income (Loss)	$ 267	$ 242	639	445
General Insurance | Reportable Segments | Net investment income
Segment Reporting Information [Line Items]
Adjusted Revenues			1,508	1,471
Adjusted Pre-tax Income (Loss)			$ 1,508	$ 1,471

Held-For-Sale Classification _3

Held-For-Sale Classification and Discontinued Operations Presentation - Narrative (Details) - USD ($) $ in Millions				3 Months Ended	6 Months Ended
		Jul. 02, 2024	Jun. 03, 2024	Mar. 31, 2025	Jun. 30, 2024	Jun. 26, 2024	Jun. 09, 2024	Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal consideration						$ 600
Increase in stockholder equity			$ 261
Other investments	[1]				$ 14,788			$ 6,368
Corebridge Financial Inc
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership (as a percent)					49%		48.40%
Corebridge retained investment					$ 8,600		$ 8,502
Other investments							817
Unsettled receivable							$ 378
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on deconsolidation					4,684
Accumulated comprehensive loss recognized on deconsolidation					$ 7,214
Secondary Offering | Subsequent event | Corebridge Financial Inc
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Shares sold (in shares)		1,900,000
Corebridge Financial Inc
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Shares sold (in shares)			30,000,000
Gross proceeds from sale of stock			$ 876
Ownership (as a percent)							48.40%
Corebridge Financial Inc | Stock Purchase Agreement | Forecast
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Shares sold (in shares)				121,956,256
Shares sold (as a percent)				20%
Gross proceeds from sale of stock				$ 3,800
[1] See Note 10 for details of balances associated with variable interest entities.

Held-For-Sale Classification _4

Held-For-Sale Classification and Discontinued Operations Presentation - Financial Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 09, 2024
Schedule of Equity Method Investments [Line Items]
Adjusted Pre-tax Income (Loss)	$ 617	$ 886	$ 1,675	$ 1,288
Corebridge Financial Inc
Schedule of Equity Method Investments [Line Items]
Ownership (as a percent)					48.40%
Corebridge Financial Inc
Schedule of Equity Method Investments [Line Items]
Adjusted Pre-tax Income (Loss)	361	980	1,354	347
Corebridge Financial Inc
Schedule of Equity Method Investments [Line Items]
AIG's share of Corebridge's net income	$ 115	$ 482	$ 2,195	$ (706)

Held-For-Sale Classification _5

Held-For-Sale Classification and Discontinued Operations Presentation - Schedule of Assets and Liabilities Held for Sale and Discontinued Operations (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Assets and Liabilities Held for Sale
Investments:
Bonds available for sale, at fair value, net of allowance for credit losses	$ 14	$ 14
Other bond securities, at fair value	0	0
Equity securities, at fair value	0	0
Mortgage and other loans receivable, net of allowance for credit losses	0	0
Other invested assets	0	0
Short-term investments	15	1
Total investments	29	15
Cash	90	0
Accrued investment income	0	0
Premiums and other receivables, net of allowance for credit losses and disputes	42	9
Deferred income taxes	(10)	0
Deferred policy acquisition costs	0	0
Market risk benefit assets, at fair value	0	0
Other assets, net of allowance for credit losses	28	3
Separate account assets, at fair value	0	0
Total assets held for sale/assets of discontinued operations	185	30
Liabilities:
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses	24	19
Unearned premiums	12	7
Future policy benefits for life and accident and health insurance contracts	0	0
Policyholder contract deposits	0	0
Market risk benefit liabilities, at fair value	0	0
Other policyholder funds	0	0
Fortitude Re funds withheld payable	0	0
Other liabilities	117	2
Short-term and long-term debt	0	0
Debt of consolidated investment entities	0	0
Separate account liabilities	0	0
Total liabilities held for sale/liabilities of discontinued operations	153	28
Assets and Liabilities Held for Sale | Fortitude RE
Investments:
Reinsurance assets, net of allowance for credit losses and disputes	0	0
Assets and Liabilities Held for Sale | Excluding Fortitude
Investments:
Reinsurance assets, net of allowance for credit losses and disputes	6	3
Discontinued Operations
Investments:
Total assets held for sale/assets of discontinued operations	0	378,748
Liabilities:
Total liabilities held for sale/liabilities of discontinued operations	$ 0	366,089
Corebridge Financial Inc | Discontinued Operations
Investments:
Bonds available for sale, at fair value, net of allowance for credit losses		166,657
Other bond securities, at fair value		4,579
Equity securities, at fair value		63
Mortgage and other loans receivable, net of allowance for credit losses		46,732
Other invested assets		9,916
Short-term investments		4,346
Total investments		232,293
Cash		618
Accrued investment income		2,011
Premiums and other receivables, net of allowance for credit losses and disputes		709
Deferred income taxes		8,307
Deferred policy acquisition costs		10,782
Market risk benefit assets, at fair value		912
Other assets, net of allowance for credit losses		2,820
Separate account assets, at fair value		91,005
Total assets held for sale/assets of discontinued operations		378,748
Liabilities:
Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses		0
Unearned premiums		65
Future policy benefits for life and accident and health insurance contracts		57,946
Policyholder contract deposits		161,979
Market risk benefit liabilities, at fair value		5,705
Other policyholder funds		2,862
Fortitude Re funds withheld payable		25,957
Other liabilities		8,790
Short-term and long-term debt		9,420
Debt of consolidated investment entities		2,360
Separate account liabilities		91,005
Total liabilities held for sale/liabilities of discontinued operations		366,089
Goodwill		116
Intangible assets		3
Corebridge Financial Inc | Discontinued Operations | Fortitude RE
Investments:
Reinsurance assets, net of allowance for credit losses and disputes		26,772
Corebridge Financial Inc | Discontinued Operations | Excluding Fortitude
Investments:
Reinsurance assets, net of allowance for credit losses and disputes		$ 2,519

Held-For-Sale Classification _6

Held-For-Sale Classification and Discontinued Operations Presentation - Schedule of Income Statement Line Items of Discontinued Operations (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Benefits, losses and expenses:
Income (loss) from discontinued operations, net of income taxes		$ (4,359)	$ 850	$ (3,556)	$ 426
Less: Net income (loss) from discontinued operations attributable to noncontrolling interests		93	198	477	81
Net income (loss) from discontinued operations attributable to AIG		(4,452)	652	(4,033)	345
Other investments	[1]	14,788		14,788		$ 6,368
Discontinued Operations
Benefits, losses and expenses:
Loss on disposition of operations, net of tax				(4,684)
Discontinued Operations | Corebridge Financial Inc
Revenues:
Premiums		428	2,442	2,723	4,548
Policy fees		555	693	1,269	1,392
Net investment income		2,314	2,732	5,238	5,420
Net realized gains (losses)		(587)	(281)	(923)	(1,680)
Other income		155	193	372	375
Total revenues		2,865	5,779	8,679	10,055
Benefits, losses and expenses:
Policyholder benefits and losses incurred		811	2,879	3,618	5,372
Change in the fair value of market risk benefits, net		20	(262)	(350)	(66)
Interest credited to policyholder account balances		980	1,063	2,184	2,102
Amortization of deferred policy acquisition costs		199	257	465	511
General operating and other expenses		574	772	1,350	1,512
Interest expense		106	149	249	331
Net (gain) loss on divestitures and other		(186)	(59)	(191)	(54)
Total benefits, losses and expenses		2,504	4,799	7,325	9,708
Income (loss) from discontinued operations before income tax expense (benefit) and loss on disposal of discontinued operations		361	980	1,354	347
Income tax expense (benefit)		36	130	226	(79)
Income (loss) from discontinued operations, net of income taxes before loss on disposal of discontinued operations		325	850	1,128	426
Loss on disposition of operations, net of tax		(4,684)	0	(4,684)	0
Income (loss) from discontinued operations, net of income taxes		(4,359)	850	(3,556)	426
Less: Net income (loss) from discontinued operations attributable to noncontrolling interests		93	198	477	81
Net income (loss) from discontinued operations attributable to AIG		$ (4,452)	$ 652	$ (4,033)	$ 345
[1] See Note 10 for details of balances associated with variable interest entities.

Held-For-Sale Classification _7

Held-For-Sale Classification and Discontinued Operations Presentation - Schedule of Corebridge Deconsolidation (Details) - USD ($) $ / shares in Units, $ in Millions		6 Months Ended
	Jun. 09, 2024	Jun. 30, 2024	Dec. 31, 2023
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale pre-tax		$ 3,037
Tax expense		507
Subtotal: After tax gain		2,530
Reclassification adjustment of Accumulated other comprehensive loss at June 9, 2024		(7,214)
Loss on sale of Corebridge - after-tax		$ (4,684)
Corebridge Financial Inc
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Ownership (as a percent)	48.40%	49%
Ownership, fair value (in dollars per share)	$ 28.90
Corebridge retained investment (48.4% @28.90 per share at June 9, 2024)	$ 8,502	$ 8,600
Retained Interest in certain investment entities and other assets	1,195
Total	9,697
Corebridge book value at June 9, 2024	12,392	$ 8,567	$ 0
Less: Noncontrolling interests	5,732
Corebridge book value excluding noncontrolling interest	$ 6,660

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)		Jun. 30, 2024	Jun. 09, 2024	Dec. 31, 2023
Assets:
Bonds available for sale	[1]	$ 62,333,000,000		$ 65,242,000,000
Other bond securities	[1]	766,000,000		663,000,000
Equity securities	[1]	688,000,000		665,000,000
Derivative assets		592,000,000		1,292,000,000
Counterparty netting		(245,000,000)		(450,000,000)
Cash Collateral		$ (288,000,000)		$ (711,000,000)
Derivative Asset, Statement of Financial Position [Extensible Enumeration]		Other assets		Other assets
Total derivative assets		$ 59,000,000		$ 131,000,000
Short-term investments	[1]	12,563,000,000		12,865,000,000
Liabilities:
Derivative liabilities		649,000,000		952,000,000
Counterparty netting		(245,000,000)		(450,000,000)
Cash Collateral		$ (180,000,000)		$ (249,000,000)
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Other Liabilities		Other Liabilities
Total derivative liabilities		$ 224,000,000		$ 253,000,000
Fortitude Re funds withheld payable		(3,364,000,000)		(3,527,000,000)
Fair Value Using NAV Per Share (or its equivalent)		4,283,000,000		4,345,000,000
Corebridge Financial Inc
Assets:
Other invested assets			$ 1,195,000,000
Total			9,697,000,000
Liabilities:
Corebridge retained investment		8,600,000,000	$ 8,502,000,000
U.S. government and government sponsored entities
Assets:
Bonds available for sale		4,409,000,000		4,395,000,000
Obligations of states, municipalities and political subdivisions
Assets:
Bonds available for sale		4,492,000,000		4,833,000,000
Non-U.S. governments
Assets:
Bonds available for sale		8,061,000,000		8,396,000,000
Corporate debt
Assets:
Bonds available for sale		30,787,000,000		32,346,000,000
RMBS
Assets:
Bonds available for sale		5,778,000,000		6,207,000,000
CMBS
Assets:
Bonds available for sale		4,287,000,000		4,147,000,000
CLO/ABS
Assets:
Bonds available for sale		4,519,000,000		4,918,000,000
Level 3 | Obligations of states, municipalities and political subdivisions
Assets:
Bonds available for sale		4,000,000		3,000,000
Level 3 | Corporate debt
Assets:
Bonds available for sale		306,000,000		332,000,000
Level 3 | RMBS
Assets:
Bonds available for sale		1,268,000,000		1,341,000,000
Level 3 | CMBS
Assets:
Bonds available for sale		14,000,000		22,000,000
Fair Value Measured at Net Asset Value Per Share
Liabilities:
Fair Value Using NAV Per Share (or its equivalent)		3,600,000,000		3,800,000,000
Recurring Basis
Assets:
Counterparty netting		(245,000,000)		(450,000,000)
Cash Collateral		(288,000,000)		(711,000,000)
Counterparty netting and cash collateral		(533,000,000)		(1,161,000,000)
Total derivative assets		59,000,000		131,000,000
Short-term investments		8,137,000,000		9,363,000,000
Liabilities:
Counterparty netting		(245,000,000)		(450,000,000)
Cash Collateral		(180,000,000)		(249,000,000)
Counterparty netting and cash collateral		(425,000,000)		(699,000,000)
Total derivative liabilities		224,000,000		253,000,000
Fortitude Re funds withheld payable		(154,000,000)		(148,000,000)
Other liabilities		323,000,000		482,000,000
Recurring Basis | Levels 1, 2 and 3
Assets:
Bonds available for sale		62,333,000,000		65,242,000,000
Other bond securities		766,000,000		663,000,000
Equity securities		688,000,000		665,000,000
Other invested assets		8,836,000,000		376,000,000
Short-term investments		8,137,000,000		9,363,000,000
Other assets		130,000,000		243,000,000
Total		80,949,000,000		76,683,000,000
Liabilities:
Fortitude Re funds withheld payable		(154,000,000)
Fortitude Re funds withheld payable				(148,000,000)
Other liabilities		99,000,000		229,000,000
Total		169,000,000		334,000,000
Recurring Basis | Levels 1, 2 and 3 | Discontinued Operations, Excluding Held-for-Sale
Assets:
Total		22,000,000		15,000,000
Recurring Basis | Levels 1, 2 and 3 | Interest rate contracts
Assets:
Derivative assets		266,000,000		741,000,000
Liabilities:
Derivative liabilities		291,000,000		352,000,000
Recurring Basis | Levels 1, 2 and 3 | Foreign exchange contracts
Assets:
Derivative assets		257,000,000		451,000,000
Liabilities:
Derivative liabilities		325,000,000		564,000,000
Recurring Basis | Levels 1, 2 and 3 | Equity contracts
Assets:
Derivative assets		35,000,000		66,000,000
Recurring Basis | Levels 1, 2 and 3 | Credit contracts
Assets:
Derivative assets		33,000,000		33,000,000
Liabilities:
Derivative liabilities		33,000,000		36,000,000
Recurring Basis | Levels 1, 2 and 3 | Other contracts
Assets:
Derivative assets		1,000,000		1,000,000
Recurring Basis | Levels 1, 2 and 3 | U.S. government and government sponsored entities
Assets:
Bonds available for sale		4,409,000,000		4,395,000,000
Recurring Basis | Levels 1, 2 and 3 | Obligations of states, municipalities and political subdivisions
Assets:
Bonds available for sale		4,492,000,000		4,833,000,000
Other bond securities		50,000,000		51,000,000
Recurring Basis | Levels 1, 2 and 3 | Non-U.S. governments
Assets:
Bonds available for sale		8,061,000,000		8,396,000,000
Other bond securities		25,000,000		24,000,000
Recurring Basis | Levels 1, 2 and 3 | Corporate debt
Assets:
Bonds available for sale		30,787,000,000		32,346,000,000
Other bond securities		311,000,000		255,000,000
Recurring Basis | Levels 1, 2 and 3 | RMBS
Assets:
Bonds available for sale		5,778,000,000		6,207,000,000
Other bond securities		102,000,000		93,000,000
Recurring Basis | Levels 1, 2 and 3 | CMBS
Assets:
Bonds available for sale		4,287,000,000		4,147,000,000
Other bond securities		42,000,000		33,000,000
Recurring Basis | Levels 1, 2 and 3 | CLO/ABS
Assets:
Bonds available for sale		4,519,000,000		4,918,000,000
Other bond securities		236,000,000		207,000,000
Recurring Basis | Level 1
Assets:
Bonds available for sale		186,000,000		248,000,000
Other bond securities		0		0
Equity securities		659,000,000		612,000,000
Other invested assets		8,567,000,000		0
Derivative assets		0		0
Short-term investments		3,845,000,000		2,613,000,000
Other assets		0		0
Total		13,257,000,000		3,473,000,000
Liabilities:
Derivative liabilities		0		0
Fortitude Re funds withheld payable		0
Fortitude Re funds withheld payable				0
Other liabilities		0		0
Total		0		0
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		0
Recurring Basis | Level 1 | Credit contracts
Assets:
Derivative assets		0		0
Liabilities:
Derivative liabilities		0		0
Recurring Basis | Level 1 | Other contracts
Assets:
Derivative assets		0		0
Recurring Basis | Level 1 | U.S. government and government sponsored entities
Assets:
Bonds available for sale		24,000,000		15,000,000
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		161,000,000		233,000,000
Other bond securities		0		0
Recurring Basis | Level 1 | Corporate debt
Assets:
Bonds available for sale		1,000,000		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		58,392,000,000		61,555,000,000
Other bond securities		528,000,000		429,000,000
Equity securities		16,000,000		39,000,000
Other invested assets		124,000,000		155,000,000
Derivative assets		519,000,000		803,000,000
Short-term investments		4,292,000,000		6,750,000,000
Other assets		0		0
Total		63,871,000,000		69,731,000,000
Liabilities:
Derivative liabilities		615,000,000		916,000,000
Fortitude Re funds withheld payable		0
Fortitude Re funds withheld payable				0
Other liabilities		0		107,000,000
Total		615,000,000		1,023,000,000
Recurring Basis | Level 2 | Interest rate contracts
Assets:
Derivative assets		263,000,000		335,000,000
Liabilities:
Derivative liabilities		291,000,000		352,000,000
Recurring Basis | Level 2 | Foreign exchange contracts
Assets:
Derivative assets		256,000,000		450,000,000
Liabilities:
Derivative liabilities		324,000,000		561,000,000
Recurring Basis | Level 2 | Equity contracts
Assets:
Derivative assets		0		18,000,000
Recurring Basis | Level 2 | Credit contracts
Assets:
Derivative assets		0		0
Liabilities:
Derivative liabilities		0		3,000,000
Recurring Basis | Level 2 | Other contracts
Assets:
Derivative assets		0		0
Recurring Basis | Level 2 | U.S. government and government sponsored entities
Assets:
Bonds available for sale		4,385,000,000		4,380,000,000
Recurring Basis | Level 2 | Obligations of states, municipalities and political subdivisions
Assets:
Bonds available for sale		4,488,000,000		4,830,000,000
Other bond securities		50,000,000		51,000,000
Recurring Basis | Level 2 | Non-U.S. governments
Assets:
Bonds available for sale		7,893,000,000		8,156,000,000
Other bond securities		25,000,000		24,000,000
Recurring Basis | Level 2 | Corporate debt
Assets:
Bonds available for sale		30,427,000,000		32,023,000,000
Other bond securities		267,000,000		210,000,000
Recurring Basis | Level 2 | RMBS
Assets:
Bonds available for sale		3,762,000,000		4,415,000,000
Other bond securities		53,000,000		42,000,000
Recurring Basis | Level 2 | CMBS
Assets:
Bonds available for sale		4,193,000,000		4,122,000,000
Other bond securities		42,000,000		33,000,000
Recurring Basis | Level 2 | CLO/ABS
Assets:
Bonds available for sale		3,244,000,000		3,629,000,000
Other bond securities		91,000,000		69,000,000
Recurring Basis | Level 3
Assets:
Bonds available for sale		3,755,000,000		3,439,000,000
Other bond securities		238,000,000		234,000,000
Equity securities		13,000,000		14,000,000
Other invested assets		145,000,000		221,000,000
Derivative assets		73,000,000		489,000,000
Short-term investments		0		0
Other assets		130,000,000		243,000,000
Total		4,354,000,000		4,640,000,000
Liabilities:
Derivative liabilities		34,000,000		36,000,000
Fortitude Re funds withheld payable		(154,000,000)
Fortitude Re funds withheld payable				(148,000,000)
Other liabilities		99,000,000		122,000,000
Total		(21,000,000)		10,000,000
Recurring Basis | Level 3 | Interest rate contracts
Assets:
Derivative assets		3,000,000		406,000,000
Liabilities:
Derivative liabilities		0		0
Recurring Basis | Level 3 | Foreign exchange contracts
Assets:
Derivative assets		1,000,000		1,000,000
Liabilities:
Derivative liabilities		1,000,000		3,000,000
Recurring Basis | Level 3 | Equity contracts
Assets:
Derivative assets		35,000,000		48,000,000
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		1,000,000		1,000,000
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		4,000,000		3,000,000
Other bond securities		0		0
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		359,000,000		323,000,000
Other bond securities		44,000,000		45,000,000
Recurring Basis | Level 3 | RMBS
Assets:
Bonds available for sale		2,016,000,000		1,792,000,000
Other bond securities		49,000,000		51,000,000
Recurring Basis | Level 3 | CMBS
Assets:
Bonds available for sale		94,000,000		25,000,000
Other bond securities		0		0
Recurring Basis | Level 3 | CLO/ABS
Assets:
Bonds available for sale		1,275,000,000		1,289,000,000
Other bond securities		$ 145,000,000		$ 138,000,000
[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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	$ 4,055	$ 4,990	$ 4,151	$ 5,062
Net Realized and Unrealized Gains (Losses) Included in Income	21	(9)	20	19
Other Comprehensive Income (Loss)	(22)	69	34	64
Purchases, Sales, Issuances and Settlements, Net	(202)	(253)	(440)	(440)
Gross Transfers In	437	9	552	153
Gross Transfers Out	(52)	(412)	(67)	(479)
Other	44	(26)	31	(11)
Fair Value End of Period	4,281	4,368	4,281	4,368
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	(30)	(12)	(40)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	$ (29)	$ 48	$ 27	$ 29
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Adjusted Revenues	Adjusted Revenues	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 income (loss)	Other comprehensive income (loss)	Other comprehensive income (loss)	Other comprehensive income (loss)
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]	Realized Investment Gains (Losses)	Realized Investment Gains (Losses)	Realized Investment Gains (Losses)	Realized Investment Gains (Losses)
Bonds available for sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	$ 3,487	$ 4,392	$ 3,439	$ 4,475
Net Realized and Unrealized Gains (Losses) Included in Income	23	(11)	32	21
Other Comprehensive Income (Loss)	(22)	69	34	64
Purchases, Sales, Issuances and Settlements, Net	(162)	(268)	(293)	(454)
Gross Transfers In	435	7	550	143
Gross Transfers Out	(50)	(411)	(51)	(475)
Other	44	(26)	44	(22)
Fair Value End of Period	3,755	3,752	3,755	3,752
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	(29)	48	27	29
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	4	15	3	20
Net Realized and Unrealized Gains (Losses) Included in Income	0	0	0	0
Other Comprehensive Income (Loss)	0	1	0	1
Purchases, Sales, Issuances and Settlements, Net	0	0	1	(5)
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	4	16	4	16
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	1
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	9	7	2
Net Realized and Unrealized Gains (Losses) Included in Income	0	0	0	0
Other Comprehensive Income (Loss)	0	1	0	1
Purchases, Sales, Issuances and Settlements, Net	0	(2)	0	(2)
Gross Transfers In	0	0	0	7
Gross Transfers Out	0	(2)	0	(2)
Other	0	0	0	0
Fair Value End of Period	7	6	7	6
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	1	0	1
Bonds available for sale | Corporate debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	383	728	323	879
Net Realized and Unrealized Gains (Losses) Included in Income	0	(4)	1	(4)
Other Comprehensive Income (Loss)	(2)	10	(2)	17
Purchases, Sales, Issuances and Settlements, Net	(22)	(131)	(60)	(347)
Gross Transfers In	36	1	134	108
Gross Transfers Out	(36)	(186)	(37)	(235)
Other	0	0	0	0
Fair Value End of Period	359	418	359	418
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	(2)	4	(1)	3
Bonds available for sale | RMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	1,766	1,896	1,792	1,884
Net Realized and Unrealized Gains (Losses) Included in Income	24	30	47	59
Other Comprehensive Income (Loss)	(29)	56	(2)	26
Purchases, Sales, Issuances and Settlements, Net	(75)	(36)	(150)	(18)
Gross Transfers In	287	0	287	0
Gross Transfers Out	(1)	(43)	(2)	(48)
Other	44	(35)	44	(35)
Fair Value End of Period	2,016	1,868	2,016	1,868
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	(30)	56	(2)	24
Bonds available for sale | CMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	43	220	25	207
Net Realized and Unrealized Gains (Losses) Included in Income	(4)	(22)	(4)	(22)
Other Comprehensive Income (Loss)	6	(2)	6	(1)
Purchases, Sales, Issuances and Settlements, Net	(18)	0	(18)	1
Gross Transfers In	68	0	85	11
Gross Transfers Out	(1)	(148)	0	(148)
Other	0	0	0	0
Fair Value End of Period	94	48	94	48
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	(4)	1	(12)
Bonds available for sale | CLO/ABS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	1,284	1,524	1,289	1,483
Net Realized and Unrealized Gains (Losses) Included in Income	3	(15)	(12)	(12)
Other Comprehensive Income (Loss)	3	3	32	20
Purchases, Sales, Issuances and Settlements, Net	(47)	(99)	(66)	(83)
Gross Transfers In	44	6	44	17
Gross Transfers Out	(12)	(32)	(12)	(42)
Other	0	9	0	13
Fair Value End of Period	1,275	1,396	1,275	1,396
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	3	(9)	29	12
Other bond securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	243	228	234	223
Net Realized and Unrealized Gains (Losses) Included in Income	2	(1)	1	3
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(5)	23	5	16
Gross Transfers In	2	0	2	0
Gross Transfers Out	(2)	0	(2)	(3)
Other	(2)	0	(2)	11
Fair Value End of Period	238	250	238	250
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	1	(29)	(1)	(32)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other bond securities | Corporate debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	46	0	45	0
Net Realized and Unrealized Gains (Losses) Included in Income	1	0	1	0
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	0	44	0	44
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	(3)	0	(2)	0
Fair Value End of Period	44	44	44	44
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other bond securities | RMBS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	53	52	51	65
Net Realized and Unrealized Gains (Losses) Included in Income	0	2	0	2
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(2)	(2)	0	(15)
Gross Transfers In	0	0	0	0
Gross Transfers Out	(2)	0	(2)	0
Other	0	0	0	0
Fair Value End of Period	49	52	49	52
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	(4)	0	(9)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other bond securities | CLO/ABS
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	144	176	138	158
Net Realized and Unrealized Gains (Losses) Included in Income	1	(3)	0	1
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(3)	(19)	5	(13)
Gross Transfers In	2	0	2	0
Gross Transfers Out	0	0	0	(3)
Other	1	0	0	11
Fair Value End of Period	145	154	145	154
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	1	(25)	(1)	(23)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Equity securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	13	25	14	13
Net Realized and Unrealized Gains (Losses) Included in Income	0	2	0	2
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	0	0	0	4
Gross Transfers In	0	2	0	10
Gross Transfers Out	0	(1)	(1)	(1)
Other	0	0	0	0
Fair Value End of Period	13	28	13	28
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	2	1	2
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other invested assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	183	235	221	244
Net Realized and Unrealized Gains (Losses) Included in Income	(4)	1	(13)	(7)
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(36)	(9)	(39)	(10)
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	(13)	0
Other	2	0	(11)	0
Fair Value End of Period	145	227	145	227
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	(1)	(3)	(12)	(10)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value Beginning of Period	129	110	243	107
Net Realized and Unrealized Gains (Losses) Included in Income	0	0	0	0
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	1	1	(113)	4
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	130	111	130	111
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Cha_2

Fair Value Measurements - Changes in Level 3 Recurring Fair Value Measurements, Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative liabilities, net:
Fair Value Beginning of Period	$ (210)	$ (739)	$ (479)	$ (512)
Net Realized and Unrealized (Gains) Losses Included in Income	8	(43)	39	83
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	108	(126)	346	(479)
Gross Transfers In	0	0		0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	(94)	(908)	(94)	(908)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	36	83	55	16
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	$ 0	$ (23)	$ 0	$ (31)
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Adjusted Revenues	Adjusted Revenues	Adjusted Revenues	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 income (loss)	Other comprehensive income (loss)	Other comprehensive income (loss)	Other comprehensive income (loss)
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]	Realized Investment Gains (Losses)	Realized Investment Gains (Losses)	Realized Investment Gains (Losses)	Realized Investment Gains (Losses)
Derivative liabilities, net
Derivative liabilities, net:
Fair Value Beginning of Period	$ (183)	$ (684)	$ (453)	$ (583)
Net Realized and Unrealized (Gains) Losses Included in Income	(12)	29	40	15
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	156	(82)	374	(169)
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	(39)	(737)	(39)	(737)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	3	5	8	64
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	(23)	0	(31)
Net Realized and Unrealized (Gains) Losses Included in Income	(12)	29	40	15
Gross Transfers In			0
Interest rate contracts
Derivative liabilities, net:
Fair Value Beginning of Period	(128)	(355)	(406)	(311)
Net Realized and Unrealized (Gains) Losses Included in Income	(8)	26	61	84
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	133	(10)	342	(112)
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	(3)	(339)	(3)	(339)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	(3)	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	(21)	0	(29)
Foreign exchange contracts
Derivative liabilities, net:
Fair Value Beginning of Period	2	0	2	0
Net Realized and Unrealized (Gains) Losses Included in Income	(2)	2	(2)	2
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	0	0	0	0
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	0	2	0	2
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	(2)	0	(2)
Equity contracts
Derivative liabilities, net:
Fair Value Beginning of Period	(56)	(328)	(48)	(271)
Net Realized and Unrealized (Gains) Losses Included in Income	(2)	2	(18)	(69)
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	23	(73)	31	(59)
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	(35)	(399)	(35)	(399)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	2	4	10	63
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other contracts
Derivative liabilities, net:
Fair Value Beginning of Period	(1)	(1)	(1)	(1)
Net Realized and Unrealized (Gains) Losses Included in Income	0	0	(1)	(1)
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	0	0	1	1
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	(1)	(1)	(1)	(1)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	1	1	1	1
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Fortitude Re funds withheld payable
Derivative liabilities, net:
Fair Value Beginning of Period	(119)	(167)	(148)	(41)
Net Realized and Unrealized (Gains) Losses Included in Income	(8)	(58)	1	82
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(27)	(44)	(7)	(310)
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	(154)	(269)	(154)	(269)
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	33	78	47	(48)
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	0	0	0	0
Other Liabilities
Derivative liabilities, net:
Fair Value Beginning of Period	92	112	122	112
Net Realized and Unrealized (Gains) Losses Included in Income	28	(14)	(2)	(14)
Other Comprehensive Income (Loss)	0	0	0	0
Purchases, Sales, Issuances and Settlements, Net	(21)	0	(21)	0
Gross Transfers In	0	0	0	0
Gross Transfers Out	0	0	0	0
Other	0	0	0	0
Fair Value End of Period	99	98	99	98
Changes in Unrealized Gains (Losses) Included in Income on Instruments Held at End of Period	0	0	0	0
Changes in Unrealized Gains (Losses) Included in Other Comprehensive Income (Loss) for Recurring Level 3 Instruments Held at End of Period	$ 0	0	$ 0	0
Credit contracts
Derivative liabilities, net:
Fair Value Beginning of Period		0		0
Net Realized and Unrealized (Gains) Losses Included in Income		(1)		(1)
Other Comprehensive Income (Loss)		0		0
Purchases, Sales, Issuances and Settlements, Net		1		1
Gross Transfers In		0		0
Gross Transfers Out		0		0
Other		0		0
Fair Value End of Period		0		0
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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	$ 21	$ (9)	$ 20	$ 19
Net realized gains (losses), liabilities	$ 8	$ (43)	$ 39	$ 83
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Adjusted Revenues	Adjusted Revenues	Adjusted Revenues	Adjusted Revenues
Derivative liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	$ (12)	$ 29	$ 40	$ 15
Fortitude Re funds withheld payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	(8)	(58)	1	82
Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	28	(14)	(2)	(14)
Bonds available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	23	(11)	32	21
Other bond securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	2	(1)	1	3
Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	0	2	0	2
Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	$ (4)	$ 1	$ (13)	$ (7)
Net Investment Income
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net Investment Income	Net Investment Income	Net Investment Income	Net Investment Income
Net Investment Income | Derivative liabilities, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	$ 0	$ 0	$ 0	$ 0
Net Investment Income | Fortitude Re funds withheld payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0	0	0	0
Net Investment Income | Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	0	0	0	0
Net Investment Income | Bonds available for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	25	4	40	37
Net Investment Income | Other bond securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	2	(1)	1	3
Net Investment Income | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets		2		2
Net Investment Income | Other invested assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), assets	(4)	1	(13)	(7)
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	(12)	29	40	15
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	(8)	(58)	1	82
Net Realized Gains (Losses) | Other Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net realized gains (losses), liabilities	28	(14)	(2)	(14)
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	(2)	(15)	(8)	(16)
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	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		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	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements - Gross

Fair Value Measurements - Gross Components of Purchases, Sales, Issuances and Settlements (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Assets:
Purchases	$ 15,000,000	$ 142,000,000	$ 97,000,000	$ 327,000,000
Sales	(1,000,000)	(149,000,000)	(7,000,000)	(179,000,000)
Issuances and Settlements	(216,000,000)	(246,000,000)	(530,000,000)	(588,000,000)
Purchases, Sales, Issuances and Settlements, Net	(202,000,000)	(253,000,000)	(440,000,000)	(440,000,000)
Liabilities:
Purchases	0	(105,000,000)	0	(316,000,000)
Sales	0	1,000,000	0	4,000,000
Issuances and Settlements	108,000,000	(22,000,000)	346,000,000	(167,000,000)
Purchases, Sales, Issuances and Settlements, Net	108,000,000	(126,000,000)	346,000,000	(479,000,000)
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	(24,000,000)	0	(27,000,000)	1,000,000
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	1,000,000	(9,000,000)	1,000,000	(9,000,000)
Derivative liabilities, net
Liabilities:
Purchases	0	(105,000,000)	0	(316,000,000)
Sales	0	1,000,000	0	4,000,000
Issuances and Settlements	156,000,000	22,000,000	374,000,000	143,000,000
Purchases, Sales, Issuances and Settlements, Net	156,000,000	(82,000,000)	374,000,000	(169,000,000)
Fortitude Re funds withheld payable
Liabilities:
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances and Settlements	(27,000,000)	(44,000,000)	(7,000,000)	(310,000,000)
Purchases, Sales, Issuances and Settlements, Net	(27,000,000)	(44,000,000)	(7,000,000)	(310,000,000)
Other Liabilities
Liabilities:
Purchases	0		0
Sales	0		0
Issuances and Settlements	(21,000,000)		(21,000,000)
Purchases, Sales, Issuances and Settlements, Net	(21,000,000)	0	(21,000,000)	0
Bonds available for sale
Assets:
Purchases	15,000,000	123,000,000	82,000,000	287,000,000
Sales	0	(153,000,000)	(6,000,000)	(179,000,000)
Issuances and Settlements	(177,000,000)	(238,000,000)	(369,000,000)	(562,000,000)
Purchases, Sales, Issuances and Settlements, Net	(162,000,000)	(268,000,000)	(293,000,000)	(454,000,000)
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			0	(2,000,000)
Purchases, Sales, Issuances and Settlements, Net	0	0	1,000,000	(5,000,000)
Bonds available for sale | Non-U.S. governments
Assets:
Purchases	4,000,000	0	4,000,000	0
Sales	0	0	0	0
Issuances and Settlements	(4,000,000)	(2,000,000)	(4,000,000)	(2,000,000)
Purchases, Sales, Issuances and Settlements, Net	0	(2,000,000)	0	(2,000,000)
Bonds available for sale | Corporate debt
Assets:
Purchases	5,000,000	0	11,000,000	8,000,000
Sales	0	0	(3,000,000)	0
Issuances and Settlements	(27,000,000)	(131,000,000)	(68,000,000)	(355,000,000)
Purchases, Sales, Issuances and Settlements, Net	(22,000,000)	(131,000,000)	(60,000,000)	(347,000,000)
Bonds available for sale | RMBS
Assets:
Purchases	0	46,000,000	0	170,000,000
Sales	0	0	(1,000,000)	(19,000,000)
Issuances and Settlements	(75,000,000)	(82,000,000)	(149,000,000)	(169,000,000)
Purchases, Sales, Issuances and Settlements, Net	(75,000,000)	(36,000,000)	(150,000,000)	(18,000,000)
Bonds available for sale | CMBS
Assets:
Purchases	0	0	0	1,000,000
Sales	0	(5,000,000)	0	(5,000,000)
Issuances and Settlements	(18,000,000)	5,000,000	(18,000,000)	5,000,000
Purchases, Sales, Issuances and Settlements, Net	(18,000,000)	0	(18,000,000)	1,000,000
Bonds available for sale | CLO/ABS
Assets:
Purchases	6,000,000	77,000,000	66,000,000	107,000,000
Sales	0	(148,000,000)	(2,000,000)	(151,000,000)
Issuances and Settlements	(53,000,000)	(28,000,000)	(130,000,000)	(39,000,000)
Purchases, Sales, Issuances and Settlements, Net	(47,000,000)	(99,000,000)	(66,000,000)	(83,000,000)
Other bond securities
Assets:
Purchases	0	20,000,000	14,000,000	34,000,000
Sales	(1,000,000)	4,000,000	(1,000,000)	0
Issuances and Settlements	(4,000,000)	(1,000,000)	(8,000,000)	(18,000,000)
Purchases, Sales, Issuances and Settlements, Net	(5,000,000)	23,000,000	5,000,000	16,000,000
Other bond securities | Corporate debt
Assets:
Purchases		20,000,000		20,000,000
Sales		0		0
Issuances and Settlements		24,000,000		24,000,000
Purchases, Sales, Issuances and Settlements, Net	0	44,000,000	0	44,000,000
Other bond securities | RMBS
Assets:
Purchases	0	0	3,000,000	0
Sales	(1,000,000)	0	(1,000,000)	0
Issuances and Settlements	(1,000,000)	(2,000,000)	(2,000,000)	(15,000,000)
Purchases, Sales, Issuances and Settlements, Net	(2,000,000)	(2,000,000)	0	(15,000,000)
Other bond securities | CLO/ABS
Assets:
Purchases	0	0	11,000,000	14,000,000
Sales	0	4,000,000	0	0
Issuances and Settlements	(3,000,000)	(23,000,000)	(6,000,000)	(27,000,000)
Purchases, Sales, Issuances and Settlements, Net	(3,000,000)	(19,000,000)	5,000,000	(13,000,000)
Equity securities
Assets:
Purchases				5,000,000
Sales				0
Issuances and Settlements				(1,000,000)
Purchases, Sales, Issuances and Settlements, Net	0	0	0	4,000,000
Other invested assets
Assets:
Purchases	0	(1,000,000)	1,000,000	1,000,000
Sales	0	0	0	0
Issuances and Settlements	(36,000,000)	(8,000,000)	(40,000,000)	(11,000,000)
Purchases, Sales, Issuances and Settlements, Net	(36,000,000)	(9,000,000)	(39,000,000)	(10,000,000)
Other assets
Assets:
Purchases	0	0	0	0
Sales	0	0	0	0
Issuances and Settlements	1,000,000	1,000,000	(113,000,000)	4,000,000
Purchases, Sales, Issuances and Settlements, Net	$ 1,000,000	$ 1,000,000	$ (113,000,000)	$ 4,000,000

Fair Value Measurements - Quant

Fair Value Measurements - Quantitative Information about Level 3 Fair Value Measurements (Details) $ in Millions		Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale	[1]	$ 62,333	$ 65,242
Obligations of states, municipalities and political subdivisions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 4,492	$ 4,833
Obligations of states, municipalities and political subdivisions | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0509	0.0500
Obligations of states, municipalities and political subdivisions | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0547	0.0550
Obligations of states, municipalities and political subdivisions | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0528	0.0523
Obligations of states, municipalities and political subdivisions | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 4	$ 3
Corporate debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 30,787	$ 32,346
Corporate debt | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0569	0.0516
Corporate debt | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.1038	0.0962
Corporate debt | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0804	0.0739
Corporate debt | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 306	$ 332
RMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 5,778	$ 6,207
RMBS | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0630	0.0618
RMBS | Minimum | Constant prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0458	0.0443
RMBS | Minimum | Loss severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.4173	0.4321
RMBS | Minimum | Constant default rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0077	0.0082
RMBS | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0761	0.0742
RMBS | Maximum | Constant prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.1068	0.1030
RMBS | Maximum | Loss severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.7679	0.7665
RMBS | Maximum | Constant default rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0262	0.0264
RMBS | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0696	0.0680
RMBS | Weighted-average | Constant prepayment rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0763	0.0736
RMBS | Weighted-average | Loss severity
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.5926	0.5993
RMBS | Weighted-average | Constant default rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0170	0.0173
RMBS | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 1,268	$ 1,341
CLO/ABS | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0547	0.0531
CLO/ABS | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0882	0.0856
CLO/ABS | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0715	0.0694
CLO/ABS | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 1,163	$ 1,100
CMBS
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 4,287	$ 4,147
CMBS | Minimum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.0722	0.0984
CMBS | Maximum | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.1519	0.1724
CMBS | Weighted-average | Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative asset, measurement input		0.1120	0.1354
CMBS | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Bonds available for sale		$ 14	$ 22
[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	6 Months Ended
	Jun. 30, 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)	$ 4,283	$ 4,345
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)	3,550	3,799
Unfunded Commitments	959	1,081
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)	3,362	3,388
Unfunded Commitments	$ 959	1,081
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)	$ 1,212	1,171
Unfunded Commitments	479	558
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)	839	870
Unfunded Commitments	308	344
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)	77	67
Unfunded Commitments	45	50
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)	204	196
Unfunded Commitments	13	9
Mezzanine
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	129	140
Unfunded Commitments	54	56
Other
INVESTMENTS IN CERTAIN ENTITIES CARRIED AT FAIR VALUE USING NET ASSET VALUE PER SHARE
Fair Value Using NAV Per Share (or its equivalent)	901	944
Unfunded Commitments	60	64
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)	188	411
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)	13	13
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)	168	389
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)	0	0
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)	7	9
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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Option, Quantitative Disclosures
Fair value option gain (loss)	$ 98	$ 43	$ 180	$ 139
Other bond securities
Fair Value, Option, Quantitative Disclosures
Fair value option gain (loss)	5	(11)	7	9
Alternative investments
Fair Value, Option, Quantitative Disclosures
Fair value option gain (loss)	28	54	108	130
All other investments
Fair Value, Option, Quantitative Disclosures
Fair value option gain (loss)	$ 65	$ 0	$ 65	$ 0

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		Jun. 30, 2024		Dec. 31, 2023		Jun. 30, 2023
Assets:
Mortgage and other loans receivable	[1]	$ 4,347		$ 4,441
Other investments	[1]	14,788		6,368
Short-term investments	[1]	12,563		12,865
Cash		1,381	[1]	1,540	[1]	$ 1,531
Other assets	[1]	4,717		5,425
Liabilities:
Fortitude Re funds withheld payable		3,364		3,527
Consolidated Entities, Excluding Consolidated Investments
Liabilities:
Long-term debt		9,861		10,375
Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Long-term debt	[1]	79		231
Estimated Fair Value
Assets:
Mortgage and other loans receivable		4,212		4,355
Other investments		597		651
Short-term investments		4,426		3,502
Cash		1,381		1,540
Other assets		18		32
Liabilities:
Fortitude Re funds withheld payable		3,518		3,675
Estimated Fair Value | Consolidated Entities, Excluding Consolidated Investments
Liabilities:
Long-term debt		9,102		9,890
Estimated Fair Value | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Long-term debt		79		231
Carrying Value
Assets:
Mortgage and other loans receivable		4,347		4,441
Other investments		597		651
Short-term investments		4,426		3,502
Cash		1,381		1,540
Other assets		18		32
Liabilities:
Fortitude Re funds withheld payable		3,518		3,675
Carrying Value | Assets and Liabilities Held for Sale
Assets:
Short-term investments		7
Cash		90
Carrying Value | Consolidated Entities, Excluding Consolidated Investments
Liabilities:
Long-term debt		9,861		10,375
Carrying Value | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Long-term debt		79		231
Level 1 | Estimated Fair Value
Assets:
Mortgage and other loans receivable		0		0
Other investments		0		0
Short-term investments		0		0
Cash		1,381		1,540
Other assets		18		32
Liabilities:
Fortitude Re funds withheld payable		0		0
Level 1 | Estimated Fair Value | Consolidated Entities, Excluding Consolidated Investments
Liabilities:
Long-term debt		0		0
Level 1 | Estimated Fair Value | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Long-term debt		0		0
Level 2 | Estimated Fair Value
Assets:
Mortgage and other loans receivable		341		242
Other investments		591		645
Short-term investments		4,426		3,502
Cash		0		0
Other assets		0		0
Liabilities:
Fortitude Re funds withheld payable		0		0
Level 2 | Estimated Fair Value | Consolidated Entities, Excluding Consolidated Investments
Liabilities:
Long-term debt		8,867		9,623
Level 2 | Estimated Fair Value | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Long-term debt		0		0
Level 3 | Estimated Fair Value
Assets:
Mortgage and other loans receivable		3,871		4,113
Other investments		6		6
Short-term investments		0		0
Cash		0		0
Other assets		0		0
Liabilities:
Fortitude Re funds withheld payable		3,518		3,675
Level 3 | Estimated Fair Value | Consolidated Entities, Excluding Consolidated Investments
Liabilities:
Long-term debt		235		267
Level 3 | Estimated Fair Value | Consolidated Investments, Including Variable Interest Entities, Primarily Beneficiary
Liabilities:
Long-term debt		$ 79		$ 231
[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		6 Months Ended	12 Months Ended
		Jun. 30, 2024	Dec. 31, 2023	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		$ 65,326	$ 68,119
Allowance for credit losses		(33)	(34)	$ (28)	$ (34)	$ (28)	$ (37)
Gross Unrealized Gains		847	1,073
Gross Unrealized Losses		(3,807)	(3,916)
Bonds available for sale	[1]	62,333	65,242
Non-Investment Grade
Debt Securities, Available-for-sale [Line Items]
Bonds available for sale		$ 4,800	$ 5,200
Non-Investment Grade | Credit Concentration Risk | Bonds available for sale
Debt Securities, Available-for-sale [Line Items]
Concentration risk (as a percent)		8%	8%
U.S. government and government sponsored entities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		$ 4,511	$ 4,444
Allowance for credit losses		0	0
Gross Unrealized Gains		15	40
Gross Unrealized Losses		(117)	(89)
Bonds available for sale		4,409	4,395
Obligations of states, municipalities and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		4,635	4,930
Allowance for credit losses		0	0
Gross Unrealized Gains		32	60
Gross Unrealized Losses		(175)	(157)
Bonds available for sale		4,492	4,833
Non-U.S. governments
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		8,649	8,973
Allowance for credit losses		0	(1)
Gross Unrealized Gains		67	94
Gross Unrealized Losses		(655)	(670)
Bonds available for sale		8,061	8,396
Corporate debt
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		32,503	34,013
Allowance for credit losses		(24)	(20)
Gross Unrealized Gains		481	606
Gross Unrealized Losses		(2,173)	(2,253)
Bonds available for sale		30,787	32,346
Mortgage-backed, asset-backed and collateralized
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		15,028	15,759
Allowance for credit losses		(9)	(13)
Gross Unrealized Gains		252	273
Gross Unrealized Losses		(687)	(747)
Bonds available for sale		14,584	15,272
RMBS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		6,041	6,423
Allowance for credit losses		(5)	(9)
Gross Unrealized Gains		197	219
Gross Unrealized Losses		(455)	(426)
Bonds available for sale		5,778	6,207
CMBS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		4,431	4,326
Allowance for credit losses		(4)	(4)
Gross Unrealized Gains		19	23
Gross Unrealized Losses		(159)	(198)
Bonds available for sale		4,287	4,147
CLO/ABS
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		4,556	5,010
Allowance for credit losses		0	0
Gross Unrealized Gains		36	31
Gross Unrealized Losses		(73)	(123)
Bonds available for sale		$ 4,519	$ 4,918
[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	Jun. 30, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Fair Value
Fair Value, Less than 12 Months	$ 13,886	$ 11,248
Fair Value, 12 Months or More	30,118	31,037
Fair Value, Total	44,004	42,285
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	291	493
Gross Unrealized Losses, 12 Months or More	3,490	3,392
Gross Unrealized Losses, Total	$ 3,781	$ 3,885
Number of securities in an unrealized loss position | security	13,477	13,052
Number of individual securities in continuous unrealized loss position for longer than twelve months | security	9,923	10,027
U.S. government and government sponsored entities
Fair Value
Fair Value, Less than 12 Months	$ 2,137	$ 1,027
Fair Value, 12 Months or More	1,274	804
Fair Value, Total	3,411	1,831
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	20	10
Gross Unrealized Losses, 12 Months or More	97	79
Gross Unrealized Losses, Total	117	89
Obligations of states, municipalities and political subdivisions
Fair Value
Fair Value, Less than 12 Months	1,529	850
Fair Value, 12 Months or More	1,904	1,602
Fair Value, Total	3,433	2,452
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	31	24
Gross Unrealized Losses, 12 Months or More	144	133
Gross Unrealized Losses, Total	175	157
Non-U.S. governments
Fair Value
Fair Value, Less than 12 Months	1,492	1,431
Fair Value, 12 Months or More	4,504	4,503
Fair Value, Total	5,996	5,934
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	44	87
Gross Unrealized Losses, 12 Months or More	611	583
Gross Unrealized Losses, Total	655	670
Corporate debt
Fair Value
Fair Value, Less than 12 Months	5,683	4,089
Fair Value, 12 Months or More	16,911	18,612
Fair Value, Total	22,594	22,701
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	112	171
Gross Unrealized Losses, 12 Months or More	2,050	2,070
Gross Unrealized Losses, Total	2,162	2,241
RMBS
Fair Value
Fair Value, Less than 12 Months	1,114	1,456
Fair Value, 12 Months or More	2,752	2,385
Fair Value, Total	3,866	3,841
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	48	114
Gross Unrealized Losses, 12 Months or More	398	300
Gross Unrealized Losses, Total	446	414
CMBS
Fair Value
Fair Value, Less than 12 Months	999	1,024
Fair Value, 12 Months or More	1,991	1,622
Fair Value, Total	2,990	2,646
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	17	54
Gross Unrealized Losses, 12 Months or More	136	137
Gross Unrealized Losses, Total	153	191
CLO/ABS
Fair Value
Fair Value, Less than 12 Months	932	1,371
Fair Value, 12 Months or More	782	1,509
Fair Value, Total	1,714	2,880
Gross Unrealized Losses
Gross Unrealized Losses, Less than 12 Months	19	33
Gross Unrealized Losses, 12 Months or More	54	90
Gross Unrealized Losses, Total	$ 73	$ 123

Investments - Amortized Cost an

Investments - Amortized Cost and Fair Value of Fixed Maturity Securities Available for Sale by Contractual Maturity (Details) - USD ($) $ in Millions		Jun. 30, 2024	Dec. 31, 2023
Amortized Cost, Net of Allowance
Due in one year or less		$ 4,441
Due after one year through five years		24,968
Due after five years through ten years		16,122
Due after ten years		4,743
Mortgage-backed, asset-backed and collateralized		15,019
Total		65,293
Fair Value
Due in one year or less		4,383
Due after one year through five years		24,177
Due after five years through ten years		15,111
Due after ten years		4,078
Mortgage-backed, asset-backed and collateralized		14,584
Total	[1]	$ 62,333	$ 65,242
[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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Gross Realized Gains	$ 28	$ 24	$ 43	$ 118
Gross Realized Losses	197	119	313	577
Aggregate fair value of available for sale securities sold	2,600	2,600	5,000	10,700
Net Investment Income [Line Items]
Net realized gains (losses)	(169)	(95)	(270)	(459)
Fortitude RE Funds Withheld Assets
Net Investment Income [Line Items]
Net realized gains (losses)	$ (1)	$ (7)	$ (16)	$ (59)

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		6 Months Ended	12 Months Ended
		Jun. 30, 2024	Dec. 31, 2023
Debt and Equity Securities, FV-NI [Line Items]
Other bond securities	[1]	$ 766	$ 663
Equity securities	[1]	688	665
Fixed Maturities And Equity Securities
Debt and Equity Securities, FV-NI [Line Items]
Total		$ 1,454	$ 1,328
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		$ 766	$ 663
Fixed maturity securities | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk (as a percent)		52%	50%
Fixed maturity securities | Obligations of states, municipalities and political subdivisions
Debt and Equity Securities, FV-NI [Line Items]
Other bond securities		$ 50	$ 51
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)		3%	4%
Fixed maturity securities | Non-U.S. governments
Debt and Equity Securities, FV-NI [Line Items]
Other bond securities		$ 25	$ 24
Fixed maturity securities | Non-U.S. governments | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk (as a percent)		2%	2%
Fixed maturity securities | Corporate debt
Debt and Equity Securities, FV-NI [Line Items]
Other bond securities		$ 311	$ 255
Fixed maturity securities | Corporate debt | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk (as a percent)		21%	19%
Fixed maturity securities | Mortgage-backed, asset-backed and collateralized
Debt and Equity Securities, FV-NI [Line Items]
Other bond securities		$ 380	$ 333
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)		26%	25%
Fixed maturity securities | RMBS
Debt and Equity Securities, FV-NI [Line Items]
Other bond securities		$ 102	$ 93
Fixed maturity securities | RMBS | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk (as a percent)		7%	7%
Fixed maturity securities | CMBS
Debt and Equity Securities, FV-NI [Line Items]
Other bond securities		$ 42	$ 33
Fixed maturity securities | CMBS | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk (as a percent)		3%	2%
Fixed maturity securities | CLO/ABS
Debt and Equity Securities, FV-NI [Line Items]
Other bond securities		$ 236	$ 207
Fixed maturity securities | CLO/ABS | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk (as a percent)		16%	16%
Equity securities
Debt and Equity Securities, FV-NI [Line Items]
Equity securities		$ 688	$ 665
Equity securities | Investment Concentration Risk | Investments
Debt and Equity Securities, FV-NI [Line Items]
Concentration risk (as a percent)		48%	50%
[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		Jun. 30, 2024	Jun. 09, 2024	Dec. 31, 2023
Investments [Line Items]
Alternative investments		$ 4,283		$ 4,345
All other investments		1,938		2,023
Total	[1]	14,788		6,368
Accumulated depreciation on investment in real estate		162		161
Hedge Funds
Investments [Line Items]
Total		188		411
Private equity funds
Investments [Line Items]
Alternative investments		3,362		3,388
Total		3,900		3,700
Corebridge Financial Inc
Investments [Line Items]
Retained investment in Corebridge using fair value option		$ 8,567	$ 12,392	$ 0
Total			$ 817
[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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net Investment Income [Line Items]
Total investment income	$ 1,027	$ 890	$ 2,059	$ 1,781
Investment expenses	37	53	90	100
Net investment income	990	837	1,969	1,681
Change in fair value of equity method investment	59	41	147	62
Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	994	865	1,987	1,704
Investment expenses	37	53	90	100
Net investment income	957	812	1,897	1,604
Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	33	25	72	77
Investment expenses	0	0	0	0
Net investment income	33	25	72	77
Corebridge Financial Inc
Net Investment Income [Line Items]
Dividend income	68		68
Change in fair value of equity method investment	65		65
Available for sale fixed maturity securities, including short-term investments
Net Investment Income [Line Items]
Total investment income	743	738	1,530	1,404
Available for sale fixed maturity securities, including short-term investments | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	723	714	1,488	1,354
Available for sale fixed maturity securities, including short-term investments | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	20	24	42	50
Other fixed maturity securities
Net Investment Income [Line Items]
Total investment income	5	(11)	7	9
Other fixed maturity securities | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	1	(1)	(4)	2
Other fixed maturity securities | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	4	(10)	11	7
Equity securities
Net Investment Income [Line Items]
Total investment income	(4)	41	84	62
Equity securities | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	(4)	41	84	62
Equity securities | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	0	0	0	0
Interest on mortgage and other loans
Net Investment Income [Line Items]
Total investment income	73	82	150	157
Interest on mortgage and other loans | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	65	73	133	139
Interest on mortgage and other loans | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	8	9	17	18
Alternative investments
Net Investment Income [Line Items]
Total investment income	32	44	86	139
Alternative investments | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	32	44	87	139
Alternative investments | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	0	0	(1)	0
Other investments
Net Investment Income [Line Items]
Total investment income	178	(4)	202	10
Other investments | Excluding Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	177	(6)	199	8
Other investments | Fortitude Re Funds Withheld Assets
Net Investment Income [Line Items]
Total investment income	$ 1	$ 2	$ 3	$ 2

Investments - Components of N_2

Investments - Components of Net Realized Gains and Losses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Components of net realized capital gains (losses)
Sales of fixed maturity securities	$ (169)	$ (95)	$ (270)	$ (459)
Net realized gains (losses)	(180)	(14)	(267)	(525)
Excluding Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Net realized gains (losses)	(187)	(65)	(246)	(382)
Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Net realized gains (losses)	7	51	(21)	(143)
Excluding modified coinsurance and funds withheld embedded derivative
Components of net realized capital gains (losses)
Sales of fixed maturity securities	(169)	(95)	(270)	(459)
Change in allowance for credit losses on fixed maturity securities	(18)	(30)	(19)	(24)
Foreign exchange transactions	52	125	108	160
All other derivatives and hedge accounting	(21)	(92)	(67)	(119)
Sales of alternative investments	4	0	13	1
Other	(27)	18	(12)	6
Net realized gains (losses)	(188)	(72)	(266)	(443)
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	(9)	2	(19)	(8)
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	(168)	(88)	(254)	(400)
Change in allowance for credit losses on fixed maturity securities	(18)	(30)	(19)	(24)
Foreign exchange transactions	52	123	111	155
All other derivatives and hedge accounting	(21)	(89)	(69)	(113)
Sales of alternative investments	4	0	14	1
Other	(24)	18	(9)	6
Net realized gains (losses)	(187)	(65)	(246)	(382)
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	(12)	1	(20)	(7)
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	(1)	(7)	(16)	(59)
Change in allowance for credit losses on fixed maturity securities	0	0	0	0
Foreign exchange transactions	0	2	(3)	5
All other derivatives and hedge accounting	0	(3)	2	(6)
Sales of alternative investments	0	0	(1)	0
Other	(3)	0	(3)	0
Net realized gains (losses)	(1)	(7)	(20)	(61)
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	3	1	1	(1)
Fortitude Re funds withheld embedded derivative
Components of net realized capital gains (losses)
Net realized gains (losses)	8	58	(1)	(82)
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	0	0
Fortitude Re funds withheld embedded derivative | Fortitude Re Funds Withheld Assets
Components of net realized capital gains (losses)
Net realized gains (losses)	$ 8	$ 58	$ (1)	$ (82)

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Debt Securities, Available-for-sale [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	$ (1,055)	$ (2,279)	$ (2,257)	$ 2,726
Equity Securities, FV-NI, Unrealized Gain (Loss) [Abstract]
Net gains (losses) recognized during the period on equity securities and other investments	105	105	276	205
Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period	28	(4)	67	85
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date	77	109	209	120
Corebridge Financial Inc
Equity Securities, FV-NI, Unrealized Gain (Loss) [Abstract]
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date	65		65
Continuing Operations, Excluding Held-For-Sale
Debt Securities, Available-for-sale [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	(24)	(180)	(156)	829
Fixed maturity securities | Continuing Operations, Excluding Held-For-Sale
Debt Securities, Available-for-sale [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	15	(180)	(117)	829
Other investments | Continuing Operations, Excluding Held-For-Sale
Debt Securities, Available-for-sale [Line Items]
Increase (decrease) in unrealized appreciation (depreciation) of investments	(39)	0	(39)	0
Equities
Equity Securities, FV-NI, Unrealized Gain (Loss) [Abstract]
Net gains (losses) recognized during the period on equity securities and other investments	(4)	41	84	62
Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period	3	(12)	43	76
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date	(7)	53	41	(14)
Other invested assets
Equity Securities, FV-NI, Unrealized Gain (Loss) [Abstract]
Net gains (losses) recognized during the period on equity securities and other investments	109	64	192	143
Less: Net gains (losses) recognized during the period on equity securities and other investments sold during the period	25	8	24	9
Unrealized gains (losses) recognized during the reporting period on equity securities and other investments still held at the reporting date	$ 84	$ 56	$ 168	$ 134

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 28	$ 28	$ 34	$ 37
Securities for which allowance for credit losses were not previously recorded	6	24	10	30
Securities sold during the period	(1)	(3)	0	(5)
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	6	9	(6)
Write-offs charged against the allowance	(14)	(21)	(22)	(21)
Other	2	0	2	(1)
Balance, end of period	33	34	33	34
Structured
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	3	16	13	20
Securities for which allowance for credit losses were not previously recorded	1	1	1	2
Securities sold during the period	0	(2)	0	(2)
Addition to (release of) the allowance for credit losses on securities that had an allowance recorded in a previous period, for which there was no intent to sell before recovery of amortized cost basis	2	1	(8)	(3)
Write-offs charged against the allowance	0	(10)	0	(10)
Other	0	1	0	0
Balance, end of period	6	7	6	7
Non- Structured
Debt Securities, Available-for-sale, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	25	12	21	17
Securities for which allowance for credit losses were not previously recorded	5	23	9	28
Securities sold during the period	(1)	(1)	0	(3)
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	10	5	17	(3)
Write-offs charged against the allowance	(14)	(11)	(22)	(11)
Other	2	(1)	2	(1)
Balance, end of period	$ 27	$ 27	$ 27	$ 27

Investments - Pledged Investmen

Investments - Pledged Investments (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Financial Instruments Owned and Pledged as Collateral [Line Items]
Fixed maturity securities available for sale	$ 0	$ 106
Amounts borrowed under repurchase and securities lending agreements	0	107
Securities pledged under repurchase agreements		106
Securities collateral pledged to us	1,700	1,200
Carrying value of reverse repurchase agreements	1,700	1,100
Total carrying values of cash and securities deposited under requirements of regulatory authorities or other insurance-related arrangements	8,500	8,400
Federal Home Loan Bank stock	14	15
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	$ 1,700	1,700
Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements		106
Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements		0
Overnight and Continuous
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements		0
Overnight and Continuous | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements		0
Overnight and Continuous | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements		0
up to 30 days
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements		106
up to 30 days | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements		106
up to 30 days | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements		0
31 - 90 days
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements		0
31 - 90 days | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements		0
31 - 90 days | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements		0
91 - 364 days
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements		0
91 - 364 days | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements		0
91 - 364 days | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements		0
365 days or greater
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements		0
365 days or greater | Non-U.S. governments
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements		0
365 days or greater | Corporate debt
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged under repurchase agreements		$ 0

Lending Activities - Compositio

Lending Activities - Composition of Mortgages and Other Loans Receivable (Details) - USD ($) $ in Millions		6 Months Ended	12 Months Ended
		Jun. 30, 2024	Dec. 31, 2023	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Composition of Mortgages and other loans receivable
Allowance for credit losses		$ (37,799)	$ (37,776)
Mortgage and other loans receivable, net	[1]	4,347	4,441
Commercial mortgages
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable		3,728	3,836
Allowance for credit losses		(162)	(138)	$ (150)	$ (116)	$ (119)	$ (109)
Off-balance-sheet commitments		5	9		13
Loans on nonacrrual status		241	73
Accrued interest receivable		$ 20	$ 21
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		10%	10%
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		12%	13%
Life insurance policy loans
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable		$ 6	$ 7
Commercial loans, other loans and notes receivable
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable		776	738
Excluding AIGFP Operating
Composition of Mortgages and other loans receivable
Total mortgage and other loans receivable		4,510	4,581
Allowance for credit losses		(163)	(140)	$ (153)	$ (119)	$ (127)	$ (117)
Mortgage and other loans receivable, net		4,347	4,441
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	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	$ 52	$ 403
Prior year	493	249
Two years prior	242	648
Three years prior	692	191
Four years prior	158	177
Five years & beyond prior	2,091	2,168
Total	$ 3,728	$ 3,836
Weighted average debt service coverage ratio	1.8	1.8
Weighted average loan-to-value ratio (as a percent)	64%	62%
Less than 65%
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	$ 33	$ 359
Prior year	357	159
Two years prior	154	492
Three years prior	506	177
Four years prior	150	156
Five years & beyond prior	1,400	1,385
Total	2,600	2,728
65% to 75%
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	19	10
Prior year	81	15
Two years prior	46	137
Three years prior	134	0
Four years prior	0	21
Five years & beyond prior	302	367
Total	582	550
76% to 80%
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	0	0
Prior year	0	32
Two years prior	0	10
Three years prior	0	0
Four years prior	0	0
Five years & beyond prior	62	0
Total	62	42
Greater than 80%
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	0	34
Prior year	55	43
Two years prior	42	9
Three years prior	52	14
Four years prior	8	0
Five years & beyond prior	327	416
Total	484	516
Greater than 1.2X
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	33	398
Prior year	460	167
Two years prior	183	394
Three years prior	407	135
Four years prior	102	156
Five years & beyond prior	1,719	1,784
Total	2,904	3,034
1.00 - 1.20X
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	19	5
Prior year	33	71
Two years prior	48	254
Three years prior	285	56
Four years prior	56	21
Five years & beyond prior	247	298
Total	688	705
Less than 1.00X
Financing Receivable, Credit Quality Indicator [Line Items]
Current year	0	0
Prior year	0	11
Two years prior	11	0
Three years prior	0	0
Four years prior	0	0
Five years & beyond prior	125	86
Total	$ 136	$ 97

Lending Activities - Credit Q_2

Lending Activities - Credit Quality Performance Indicators for Commercial Mortgages (Details) $ in Millions	Jun. 30, 2024 USD ($) loan	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) loan	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Allowance for credit losses	$ 37,799		$ 37,776
Commercial mortgage loans
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	210		213
Total	$ 3,728		$ 3,836
Allowance for credit losses	$ 162	$ 150	$ 138	$ 116	$ 119	$ 109
Percent of Total	100%		100%
Percentage of total, allowance for credit losses	4%		4%
Commercial mortgage loans | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	206		211
Total	$ 3,545		$ 3,783
Percent of Total	95%		99%
Commercial mortgage loans | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	1		1
Total	$ 112		$ 11
Percent of Total	3%		0%
Commercial mortgage loans | >90 days delinquent or in process of foreclosure
Financing Receivable, Credit Quality Indicator [Line Items]
Number of Loans | loan	3		1
Total	$ 71		$ 42
Percent of Total	2%		1%
Commercial mortgage loans | Apartments
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 1,241		$ 1,267
Allowance for credit losses	6		9
Commercial mortgage loans | Apartments | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,241		1,267
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	1,195		1,223
Allowance for credit losses	99		75
Commercial mortgage loans | Offices | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,073		1,212
Commercial mortgage loans | Offices | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	112		11
Commercial mortgage loans | Offices | >90 days delinquent or in process of foreclosure
Financing Receivable, Credit Quality Indicator [Line Items]
Total	10		0
Commercial mortgage loans | Retail
Financing Receivable, Credit Quality Indicator [Line Items]
Total	483		518
Allowance for credit losses	34		36
Commercial mortgage loans | Retail | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	422		476
Commercial mortgage loans | Retail | 90 days or less delinquent
Financing Receivable, Credit Quality Indicator [Line Items]
Total	0		0
Commercial mortgage loans | Retail | >90 days delinquent or in process of foreclosure
Financing Receivable, Credit Quality Indicator [Line Items]
Total	61		42
Commercial mortgage loans | Industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total	446		460
Allowance for credit losses	9		7
Commercial mortgage loans | Industrial | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	446		460
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	243		247
Allowance for credit losses	12		9
Commercial mortgage loans | Hotel | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	243		247
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	120		121
Allowance for credit losses	2		2
Commercial mortgage loans | Others | In good standing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	120		121
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 - 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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of period			$ 37,776
Allowance, end of period	$ 37,799		37,799
Commercial mortgage loans
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of period	150	$ 119	138	$ 109
Loans charged off	0	(2)	0	(2)
Net charge-offs	0	(2)	0	(2)
Addition to (release of) allowance for loan losses	12	(1)	24	9
Allowance, end of period	162	116	162	116
Off-balance-sheet commitments	5	13	5	13	$ 9
Other Loans
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of period	3	8	2	8
Loans charged off	0	0	0	0
Net charge-offs	0	0	0	0
Addition to (release of) allowance for loan losses	(2)	(5)	(1)	(5)
Allowance, end of period	1	3	1	3
Excluding AIGFP Operating
Changes in the allowance for losses on Mortgage and other loans receivable
Allowance, beginning of period	153	127	140	117
Loans charged off	0	(2)	0	(2)
Net charge-offs	0	(2)	0	(2)
Addition to (release of) allowance for loan losses	10	(6)	23	4
Allowance, end of period	$ 163	$ 119	$ 163	$ 119

Lending Activities - Loan Modif

Lending Activities - Loan Modifications (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Commercial Mortgage Loans | Extended Maturity
Allowance for losses on Mortgage and other loans receivable
Amortized cost	$ 5

Reinsurance - Narrative (Detail

Reinsurance - Narrative (Details) - USD ($) $ in Billions	Jun. 30, 2024	Dec. 31, 2023
Effects of Reinsurance [Line Items]
Ceded reserves	$ 3.6
Reinsurance recoverables	$ 43.1	$ 41.4
Investment Grade
Effects of Reinsurance [Line Items]
Reinsurance recoverable (as a percent)	82%	83%
Non-Investment Grade
Effects of Reinsurance [Line Items]
Reinsurance recoverable (as a percent)	15%	15%
Non-Investment Grade | Captive Insurers
Effects of Reinsurance [Line Items]
Reinsurance recoverable (as a percent)	78%	85%
Not Rated
Effects of Reinsurance [Line Items]
Reinsurance recoverable (as a percent)	3%	2%

Reinsurance - Summary of the Co

Reinsurance - Summary of the Composition of Pool of Assets (Details) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Effects of Reinsurance [Line Items]
Bonds available for sale	[1]	$ 62,333		$ 65,242
Fixed maturity securities - fair value option	[1]	766		663
Short-term investments	[1]	12,563		12,865
Other assets	[1]	4,717		5,425
Total assets		167,890		539,306
Carrying Value
Effects of Reinsurance [Line Items]
Short-term investments		4,426		3,502
Other assets		18		32
Commercial mortgage loans
Effects of Reinsurance [Line Items]
Loans		3,728		3,836
Fortitude Holdings
Effects of Reinsurance [Line Items]
Change in net unrealized gains (losses), gross		(53)	$ 21
Change in net unrealized gains (losses), net of tax		(42)	$ 16
Derivative asset, Fair value of collateral		3		1
Derivative liability, Fair value of collateral		27		28
Fortitude Holdings | Carrying Value
Effects of Reinsurance [Line Items]
Bonds available for sale		1,997		2,180
Fixed maturity securities - fair value option		761		655
Short-term investments		18		46
Funds withheld investment assets		3,250		3,424
Derivative assets, net		1		0
Other assets		126		118
Total assets		3,377		3,542
Fortitude Holdings | Estimated Fair Value
Effects of Reinsurance [Line Items]
Bonds available for sale		1,997		2,180
Fixed maturity securities - fair value option		761		655
Short-term investments		18		46
Funds withheld investment assets		3,237		3,409
Derivative assets, net		1		0
Other assets, fair value		126		118
Total		3,364		3,527
Fortitude Holdings | Commercial mortgage loans | Carrying Value
Effects of Reinsurance [Line Items]
Loans		474		543
Fortitude Holdings | Commercial mortgage loans | Estimated Fair Value
Effects of Reinsurance [Line Items]
Loans, fair value		$ 461		$ 528
[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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Effects of Reinsurance [Line Items]
Total net investment income	$ 990	$ 837	$ 1,969	$ 1,681
Net realized gains (losses)	(180)	(14)	(267)	(525)
Income from continuing operations before income tax expense	617	886	1,675	1,288
Income tax expense	142	45	403	110
Net income (loss)	(3,884)	1,691	(2,284)	1,604
Change in unrealized depreciation of all other investments			349	33
Comprehensive income (loss)	2,810	(47)	3,353	3,779
Fortitude Re funds withheld assets
Effects of Reinsurance [Line Items]
Total net investment income	33	25	72	77
Fortitude Holdings
Effects of Reinsurance [Line Items]
Total net investment income	33	25	72	77
Net realized gains (losses)	7	51	(21)	(143)
Income from continuing operations before income tax expense	40	76	51	(66)
Income tax expense	9	16	11	(14)
Net income (loss)	31	60	40	(52)
Comprehensive income (loss)	(3)	2	(2)	(36)
Fortitude Holdings | Fortitude Re funds withheld assets
Effects of Reinsurance [Line Items]
Net realized gains (losses)	(1)	(7)	(20)	(61)
Fortitude Holdings | Fortitude Re funds withheld assets | Embedded derivatives
Effects of Reinsurance [Line Items]
Net realized gains (losses)	8	58	(1)	(82)
Fortitude Holdings | Other investments
Effects of Reinsurance [Line Items]
Change in unrealized depreciation of all other investments	$ (34)	$ (58)	$ (42)	$ 16

Reinsurance - Rollforward of th

Reinsurance - Rollforward of the Reinsurance Recoverable Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Reinsurance Recoverable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 255	$ 253	$ 255	$ 260
Addition to (release of) allowance for expected credit losses and disputes, net	(1)	(1)	0	(4)
Write-offs charged against the allowance for credit losses and disputes	0	0	(1)	(1)
Other changes	6	2	6	(1)
Balance, end of period	$ 260	$ 254	$ 260	$ 254

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs - Rollforward of DAC (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Balance, beginning of year	$ 2,117	$ 2,343
Capitalization	1,803	2,396
Amortization expense	(1,680)	(1,972)
Other, including foreign exchange	(117)	(23)
Reclassified to held for sale	0	(712)
Balance, end of year	$ 2,123	$ 2,032

Variable Interest Entities - Co

Variable Interest Entities - Consolidated VIEs (Details) - USD ($) $ in Millions		Jun. 30, 2024	Dec. 31, 2023
Assets:
Bonds available for sale	[1]	$ 62,333	$ 65,242
Mortgage and other loans receivable	[1]	4,347	4,441
Short-term investments	[1]	12,563	12,865
Accrued investment income	[1]	563	580
Other assets	[1]	4,717	5,425
Total assets		167,890	539,306
Liabilities:
Total liabilities		123,415	488,005
Consolidated VIE
Assets:
Bonds available for sale		30	72
Mortgage and other loans receivable		0	122
Short-term investments		0	5
Accrued investment income		1	2
Other assets		1	1
Total assets		32	202
Liabilities:
Debt of consolidated investment entities		0	38
Total liabilities		$ 0	$ 38
[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		Jun. 30, 2024	Dec. 31, 2023
VARIABLE INTEREST ENTITY
Maximum exposure to loss, On-Balance Sheet		$ 167,890	$ 539,306
Other investments	[1]	14,788	6,368
Unconsolidated VIE
VARIABLE INTEREST ENTITY
Total VIE Assets		362,424	356,030
Maximum exposure to loss, On-Balance Sheet		3,686	4,107
Maximum exposure to loss, Off-Balance Sheet		2,054	2,240
Exposure to loss		5,740	6,347
Other investments		3,700	4,100
Unconsolidated VIE | Related Party | 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		361,397	355,003
Maximum exposure to loss, On-Balance Sheet		3,686	4,107
Maximum exposure to loss, Off-Balance Sheet		1,306	1,492
Exposure to loss		4,992	5,599
Unconsolidated VIE | Other Investment Companies
VARIABLE INTEREST ENTITY
Total VIE Assets		1,027	1,027
Maximum exposure to loss, On-Balance Sheet		0	0
Maximum exposure to loss, Off-Balance Sheet		748	748
Exposure to loss		$ 748	$ 748
[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	Jun. 30, 2024	Dec. 31, 2023
Gross Derivative Assets
Notional Amount	$ 8,839	$ 59,589
Fair Value	592	1,292
Counterparty netting	(245)	(450)
Cash Collateral	(288)	(711)
Total derivative assets	59	131
Gross Derivative Liabilities
Notional Amount	4,441	10,973
Fair Value	649	952
Counterparty netting	(245)	(450)
Cash Collateral	(180)	(249)
Total derivative liabilities on consolidated balance sheet	224	253
Bifurcated embedded derivatives assets, fair value	154	3,400
Bifurcated embedded derivative liabilities, fair value	0	0
Derivatives designated as hedging instruments | Foreign exchange contracts
Gross Derivative Assets
Notional Amount	625	933
Fair Value	42	58
Gross Derivative Liabilities
Notional Amount	947	1,296
Fair Value	157	164
Derivatives not designated as hedging instruments | Interest rate contracts
Gross Derivative Assets
Notional Amount	1,799	14,657
Fair Value	266	741
Gross Derivative Liabilities
Notional Amount	937	1,165
Fair Value	291	352
Derivatives not designated as hedging instruments | Foreign exchange contracts
Gross Derivative Assets
Notional Amount	2,408	4,019
Fair Value	215	393
Gross Derivative Liabilities
Notional Amount	2,350	8,008
Fair Value	168	400
Derivatives not designated as hedging instruments | Equity contracts
Gross Derivative Assets
Notional Amount	81	36,045
Fair Value	35	66
Gross Derivative Liabilities
Notional Amount	0	0
Fair Value	0	0
Derivatives not designated as hedging instruments | Credit contracts
Gross Derivative Assets
Notional Amount	1,803	1,804
Fair Value	33	33
Gross Derivative Liabilities
Notional Amount	207	504
Fair Value	33	36
Derivatives not designated as hedging instruments | Credit contracts | CDS
Gross Derivative Liabilities
Notional Amount	48	50
Fair Value	32	32
Derivatives not designated as hedging instruments | Other contracts
Gross Derivative Assets
Notional Amount	2,123	2,131
Fair Value	1	1
Gross Derivative Liabilities
Notional Amount	0	0
Fair Value	$ 0	$ 0

Derivatives and Hedge Account_4

Derivatives and Hedge Accounting - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Credit derivatives:
Collateral posted	$ 437		$ 437		$ 593
Collateral obtained from third parties for derivative transactions	370		370		856
Foreign currency translation gain (loss) adjustment related to net investment hedge relationships	9	$ (7)	34	$ (31)
Par value of hybrid securities	17		17		17
Maximum
Credit derivatives:
Fair value of hybrid securities	1		1		1
Credit Risk Related Contingent Features
Credit derivatives:
Collateral posted	33		33		34
Additional collateral postings and termination payments	6		6
Aggregate fair value of net liability position	$ 32		$ 32		$ 32

Derivatives and Hedge Account_5

Derivatives and Hedge Accounting - Fair Value Hedging Relationships (Details) - Derivatives designated as hedging instruments - Fair value hedging - Foreign exchange contracts - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative instruments gain (loss):
Gains/(losses) recognized in earnings on hedging derivatives	$ (57)	$ (141)	$ (115)	$ (191)
Gains/(losses) recognized in earnings for excluded components	(15)	(2)	(27)	(2)
Gains/(losses) recognized in earnings for hedged items	57	141	115	191
Net Impact	$ (15)	$ (2)	$ (27)	$ (2)

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ (19)	$ (35)	$ (68)	$ (202)
Net Investment Income - Fortitude Re Funds Withheld Assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ 0	$ (1)	$ 0	$ (1)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net Investment Income	Net Investment Income	Net Investment Income	Net Investment Income
Net realized gains (losses) - Excluding Fortitude Re Funds Withheld Assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ (27)	$ (89)	$ (69)	$ (113)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Realized Investment Gains (Losses)	Realized Investment Gains (Losses)	Realized Investment Gains (Losses)	Realized Investment Gains (Losses)
Net Realized Gains (Losses) On Fortitude Re funds Withheld Assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ 8	$ 55	$ 1	$ (88)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Realized Investment Gains (Losses)	Realized Investment Gains (Losses)	Realized Investment Gains (Losses)	Realized Investment Gains (Losses)
Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ 0	$ (3)	$ (2)	$ (2)
Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	(26)	(92)	(65)	(126)
Equity contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	0	1	0	1
Commodity contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	0	1	0	8
Credit contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	(1)	0	0	(1)
Embedded derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Total	$ 8	$ 58	$ (1)	$ (82)

Insurance Liabilities - Narrati

Insurance Liabilities - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Jan. 20, 2017
Liability for Future Policy Benefit, by Product Segment [Line Items]
Contractual deductible recoverable amount	$ 12,300		$ 12,300		$ 12,100
Collateral held for deductible recoverable amounts	8,700		8,700		8,700
Liability for unpaid losses and loss adjustment expenses, allowance for credit losses	14		14		14
Favorable prior year loss development	108	$ 107	108	$ 134
Net loss reserve discount	1,209		$ 1,209		1,233
Tabular discount rate (as a percent)			45%
Workers compensation tabular discount amount	288		$ 288		294
Workers compensation non tabular discount amount	921		921		$ 939
Net loss reserve discount charge	26	16	$ 102	80
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	$ (6)	$ 19	$ 21	$ 72
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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Reconciliation of activity in the Liability for unpaid claims and claims adjustment expense:
Liability for unpaid loss and loss adjustment expenses, beginning of period	$ 70,060	$ 75,793	$ 70,393	$ 75,167
Reinsurance recoverable	(30,169)	(32,366)	(30,289)	(32,102)
Net Liability for unpaid loss and loss adjustment expenses, beginning of period	39,891	43,427	40,104	43,065
Losses and loss adjustment expenses incurred:
Current year	3,546	3,945	6,911	7,729
Prior years, excluding discount and amortization of deferred gain	(108)	(107)	(108)	(134)
Prior years, discount charge (benefit)	62	54	168	148
Prior years, amortization of deferred gain on retroactive reinsurance	(33)	(25)	(65)	(85)
Total losses and loss adjustment expenses incurred	3,467	3,867	6,906	7,658
Losses and loss adjustment expenses paid:
Current year	(855)	(881)	(1,141)	(1,170)
Prior years	(2,597)	(2,994)	(5,454)	(6,543)
Total losses and loss adjustment expenses paid	(3,452)	(3,875)	(6,595)	(7,713)
Other changes:
Foreign exchange effect	(158)	(25)	(654)	372
Retroactive reinsurance adjustment (net of discount)	186	47	178	59
Reclassified to held for sale, net of reinsurance recoverables	0	(3,383)	(5)	(3,383)
Total other changes	28	(3,361)	(481)	(2,952)
Net liability for unpaid losses and loss adjustment expenses	39,934	40,058	39,934	40,058
Reinsurance recoverable	29,849	30,226	29,849	30,226
Total	69,783	70,284	69,783	70,284
Change in discount on loss reserves ceded under retroactive reinsurance	23	26	78	96
Assets and Liabilities Held for Sale
Other changes:
Reinsurance recoverable		1,500		1,500
National Indemnity Company
Losses and loss adjustment expenses incurred:
Prior years, amortization of deferred gain on retroactive reinsurance	$ 39	$ 6	$ 44	$ 13

Insurance Liabilities - Discoun

Insurance Liabilities - Discounting of Reserves (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Discounting of Reserves [Line Items]
U.S. workers' compensation	$ 2,235,000,000	$ 2,337,000,000
Retroactive reinsurance	(1,026,000,000)	(1,104,000,000)
Total reserve discount	1,209,000,000	1,233,000,000
Fortitude RE
Discounting of Reserves [Line Items]
Total reserve discount	$ 673,000,000	$ 687,000,000
Discount ceded on sale (as a percent)	100%	100%
United Kingdom
Discounting of Reserves [Line Items]
Total reserve discount	$ 196,000,000	$ 196,000,000

Insurance Liabilities - Net Los

Insurance Liabilities - Net Loss Reserve Discount Benefit (Charge) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net Loss Reserve Discount Benefit (Charge) [Line Items]
Current accident year	$ 36	$ 38	$ 66	$ 68
Accretion and other adjustments to prior year discount	(62)	(54)	(168)	(148)
Net reserve discount benefit (charge)	(26)	(16)	(102)	(80)
Change in discount on loss reserves ceded under retroactive reinsurance	23	26	78	96
Net change in total reserve discount	(3)	10	(24)	16
United Kingdom
Net Loss Reserve Discount Benefit (Charge) [Line Items]
Net change in total reserve discount	$ 2	$ 4	$ 0	$ 8

Insurance Liabilities - Balance

Insurance Liabilities - Balances and Changes in Liability for Future Policy Benefits (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
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
Beginning balance at original discount rate	2,041	2,191
Effect of changes in experience			$ (7)	$ (26)
Adjusted beginning of year balance	2,034	2,165
Issuances	54	67
Interest accrual	21	21
Net premium collected	(208)	(117)
Foreign exchange impact	(155)	(88)
Ending balance at original discount rate	1,746	2,048
Effect of changes in discount rate assumptions (AOCI)	(246)	(330)
Balance, end of period	1,500	1,718
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
Beginning balance at original discount rate	2,590	2,742
Effect of actual variances from expected experience			(8)	$ (16)
Adjusted beginning of year balance	2,582	2,726
Issuances	56	70
Interest accrual	26	26
Benefit payments	(212)	(122)
Foreign exchange impact	(203)	(121)
Ending balance at original discount rate	2,249	2,579
Effect of changes in discount rate assumptions (AOCI)	(329)	(423)
Ending balance	1,920	2,156
Net liability for future policy benefits, end of period	420	438
Deferred profit liability	1	1
Other reconciling items	934	963
Future policy benefits for life and accident and health insurance contracts	1,355	1,402	1,467
Less: Reinsurance recoverable	(761)	(754)
Liability for future policy benefits, end of period, net of Reinsurance recoverable	$ 594	$ 648
Weighted average liability duration of the liability for future policy benefits (in years)	9 years	9 years 10 months 24 days
Long-Duration Insurance
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Other reconciling items	$ 724		$ 713
Ceded percentage	1		1

Insurance Liabilities - Expecte

Insurance Liabilities - Expected Future Benefits, Expenses, and Gross Premiums (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023
Insurance [Abstract]
Undiscounted expected future benefits and expense	$ 2,760	$ 3,165
Undiscounted expected future gross premiums	3,791	4,383
Discounted expected future gross premiums (at current discount rate)	$ 2,737	$ 3,109

Insurance Liabilities - Income

Insurance Liabilities - Income Statement Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Insurance [Abstract]
Gross Premiums	$ 209	$ 232
Interest Accretion	$ 4	$ 4

Insurance Liabilities - Weighte

Insurance Liabilities - Weighted-Average Interest Rates (Details)	Jun. 30, 2024	Jun. 30, 2023
Insurance [Abstract]
Weighted-average interest rate, original discount rate	1.86%	1.81%
Weighted-average interest rate, current discount rate	3.56%	3.59%

Contingencies, Commitments an_2

Contingencies, Commitments and Guarantees (Details) $ in Millions	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Other Commitments [Line Items]
Other commitments	$ 1,600	$ 1,700
Corebridge Financial Inc
Other Commitments [Line Items]
Percent of principal required to be collateralized by Corebridge	1
Percent of net present value of scheduled interest payments required to be collateralized by Corebridge	1
Related Party
Other Commitments [Line Items]
Contractual obligation	$ 100

Equity - Narrative (Details)

Equity - Narrative (Details) $ / shares in Units, $ in Millions				1 Months Ended	3 Months Ended		6 Months Ended
	Jul. 31, 2024 $ / shares	Mar. 15, 2024 USD ($) $ / shares shares	Mar. 14, 2019 USD ($) $ / shares shares	Jul. 26, 2024 USD ($) shares	Jun. 30, 2024 USD ($) $ / shares	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2023 USD ($)	Apr. 30, 2024 USD ($)	Dec. 31, 2023 USD ($) $ / shares
Class of Stock [Line Items]
Preferred stock, par value (in dollars per share) | $ / shares					$ 5		$ 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			$ 2.50
Statutory capital and surplus restricted					$ 28,700		$ 28,700			$ 28,500
Authorized repurchase amount									$ 10,000
Remaining authorized repurchase amount									$ 3,900
Shares purchased (in shares) | shares							45,100,000
Aggregate repurchases of common stock					$ 1,677	$ 562	$ 3,359	$ 1,165
New York
Class of Stock [Line Items]
Surplus not available for dividends (as a percent)					10%		10%
Adjusted net investment income not available for dividends (as a percent)					100%		100%
Subsequent event
Class of Stock [Line Items]
Shares purchased (in shares) | shares				6,000,000
Aggregate repurchases of common stock				$ 459
Dividends declared, common stock (in dollars per share) | $ / shares	$ 0.40
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)	6 Months Ended
	Jun. 30, 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)	6,100,000
Shares repurchased (in shares)	(45,100,000)
Shares issued, end of period (in shares)	1,906,671,492
Treasury stock, end of period (in shares)	(1,256,808,687)
Shares outstanding, end of period (in shares)	649,800,000
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)	6,100,000
Shares repurchased (in shares)	(45,100,000)
Treasury stock, end of period (in shares)	(1,256,900,000)

Equity - Schedule of Accumulate

Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	$ 49,110	$ 46,306	$ 51,301	$ 43,454
Change in unrealized appreciation (depreciation) of investments*	(1,055)	(2,279)	(2,257)	2,726
Change in other	(9)	(159)	(4)	(53)
Change in fair value of market risk benefits, net	159	(241)	130	(146)
Change in discount rates	262	531	959	4
Change in future policy benefits	67	137	(59)	37
Change in foreign currency translation adjustments	85	(25)	(254)	(44)
Change in net actuarial loss	10	78	17	105
Change in prior service cost	1	2	3	2
Change in deferred tax asset (liability)	(40)	218	(112)	(456)
Corebridge deconsolidation, net of tax	7,214	0	7,214	0
Other comprehensive income (loss)	6,694	(1,738)	5,637	2,175
Corebridge noncontrolling interests	610	1,827	537	1,827
Balance, end of period	44,475	46,491	44,475	46,491
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(14,869)	(19,329)	(14,037)	(22,616)
Other comprehensive income (loss)	6,694	(1,480)	5,935	1,807
Balance, end of period	(7,565)	(18,982)	(7,565)	(18,982)
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	(66)	(134)	(106)	(136)
Balance, end of period	(38)	(60)	(38)	(60)
Unrealized Appreciation (Depreciation) of All Other Investments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(11,702)	(17,129)	(10,888)	(20,675)
Balance, end of period	(3,422)	(16,655)	(3,422)	(16,655)
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	(493)	(226)	(476)	(284)
Other comprehensive income (loss)	455	(190)	432	(115)
Balance, end of period	0	(315)	0	(315)
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	1,535	2,150	1,233	2,459
Other comprehensive income (loss)	(1,393)	373	(848)	(47)
Balance, end of period	22	2,067	22	2,067
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(3,329)	(3,094)	(2,979)	(3,056)
Balance, end of period	(3,322)	(3,174)	(3,322)	(3,174)
Retirement Plan Liabilities Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning of period	(814)	(896)	(821)	(924)
Balance, end of period	(805)	(845)	(805)	(845)
Noncontrolling interests
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests		(258)	(298)	368
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		14	17	18
Unrealized Appreciation (Depreciation) of All Other Investments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests		(347)	(559)	359
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		(47)	(11)	(30)
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		111	258	0
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests		11	(3)	21
Retirement Plan Liabilities Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Noncontrolling interests		0	0	0
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*	(19)	104	53	113
Change in deferred tax asset (liability)	3	(20)	(12)	(23)
Corebridge deconsolidation, net of tax	42		42
Other comprehensive income (loss)	26	84	83	90
Corebridge noncontrolling interests	2	4	2	4
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*	(1,036)	(2,383)	(2,310)	2,613
Change in other	(9)	(159)	(4)	(53)
Change in future policy benefits	67	137	(59)	37
Change in deferred tax asset (liability)	52	407	157	(343)
Corebridge deconsolidation, net of tax	8,513		8,513
Other comprehensive income (loss)	7,587	(1,998)	6,297	2,254
Corebridge noncontrolling interests	693	2,125	610	2,125
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	159	(241)	130	(146)
Change in deferred tax asset (liability)	(34)	51	(28)	31
Corebridge deconsolidation, net of tax	330		330
Other comprehensive income (loss)	455	(190)	432	(115)
Corebridge noncontrolling interests	38	54	33	54
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	262	531	959	4
Change in deferred tax asset (liability)	(72)	(158)	(224)	(51)
Corebridge deconsolidation, net of tax	(1,583)		(1,583)
Other comprehensive income (loss)	(1,393)	373	(848)	(47)
Corebridge noncontrolling interests	(120)	(345)	(105)	(345)
Foreign Currency Translation Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Change in foreign currency translation adjustments	85	(25)	(254)	(44)
Change in deferred tax asset (liability)	13	(34)	(1)	(43)
Corebridge deconsolidation, net of tax	(88)		(88)
Other comprehensive income (loss)	10	(59)	(343)	(87)
Corebridge noncontrolling interests	(3)	(10)	(3)	(10)
Retirement Plan Liabilities Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Change in net actuarial loss	10	78	17	105
Change in prior service cost	1	2	3	2
Change in deferred tax asset (liability)	(2)	(28)	(4)	(27)
Other comprehensive income (loss)	9	52	16	80
Corebridge noncontrolling interests	$ 0	$ (1)	$ 0	$ (1)

Equity - Schedule of Other Comp

Equity - Schedule of Other Comprehensive Income (Loss) Reclassification Adjustments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Other Comprehensive Income (Loss) Reclassification Adjustments
Other comprehensive income (loss)	$ 6,694	$ (1,738)	$ 5,637	$ 2,175
Noncontrolling interests
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	(315)	(2,305)	(1,750)	1,821
Less: Reclassification adjustments included in net income	(7,049)	(349)	(7,499)	(810)
Total other comprehensive income (loss), before of income tax expense (benefit)	6,734	(1,956)	5,749	2,631
Less: Income tax expense (benefit)	40	(218)	112	456
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	(13)	97	53	90
Less: Reclassification adjustments included in net income	(36)	(7)	(42)	(23)
Total other comprehensive income (loss), before of income tax expense (benefit)	23	104	95	113
Less: Income tax expense (benefit)	(3)	20	12	23
Other comprehensive income (loss)	26	84	83	90
Unrealized Appreciation (Depreciation) of All Other Investments
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	(811)	(2,739)	(2,643)	1,827
Less: Reclassification adjustments included in net income	(8,346)	(334)	(8,783)	(770)
Total other comprehensive income (loss), before of income tax expense (benefit)	7,535	(2,405)	6,140	2,597
Less: Income tax expense (benefit)	(52)	(407)	(157)	343
Other comprehensive income (loss)	7,587	(1,998)	6,297	2,254
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	159	(241)	130	(146)
Less: Reclassification adjustments included in net income	(330)	0	(330)	0
Total other comprehensive income (loss), before of income tax expense (benefit)	489	(241)	460	(146)
Less: Income tax expense (benefit)	34	(51)	28	(31)
Other comprehensive income (loss)	455	(190)	432	(115)
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	262	531	959	4
Less: Reclassification adjustments included in net income	1,583	0	1,583	0
Total other comprehensive income (loss), before of income tax expense (benefit)	(1,321)	531	(624)	4
Less: Income tax expense (benefit)	72	158	224	51
Other comprehensive income (loss)	(1,393)	373	(848)	(47)
Foreign Currency Translation Adjustments
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	85	(25)	(254)	(44)
Less: Reclassification adjustments included in net income	88	0	88	0
Total other comprehensive income (loss), before of income tax expense (benefit)	(3)	(25)	(342)	(44)
Less: Income tax expense (benefit)	(13)	34	1	43
Other comprehensive income (loss)	10	(59)	(343)	(87)
Retirement Plan Liabilities Adjustment
Other Comprehensive Income (Loss) Reclassification Adjustments
Unrealized change arising during period	3	72	5	90
Less: Reclassification adjustments included in net income	(8)	(8)	(15)	(17)
Total other comprehensive income (loss), before of income tax expense (benefit)	11	80	20	107
Less: Income tax expense (benefit)	2	28	4	27
Other comprehensive income (loss)	$ 9	$ 52	$ 16	$ 80

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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Reclassification of significant items out of Accumulated Other Comprehensive Income
Net realized gains (losses)	$ (180)	$ (14)	$ (267)	$ (525)
Net income (loss) attributable to AIG	(3,977)	1,493	(2,761)	1,523
Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Net income (loss) attributable to AIG	(7,049)	(349)	(7,499)	(810)
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
Net realized gains (losses)	6	(7)	0	(23)
Net income (loss) attributable to AIG	6	(7)	0	(23)
Unrealized appreciation (depreciation) of all other investments | Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Net realized gains (losses)	167	(334)	(270)	(770)
Net income (loss) attributable to AIG	167	(334)	(270)	(770)
Change in retirement plan liabilities adjustment | Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Net income (loss) attributable to AIG	(8)	(8)	(15)	(17)
Prior-service credit | Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Net income (loss) attributable to AIG	(1)	0	(1)	(1)
Actuarial losses | Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Net income (loss) attributable to AIG	(7)	(8)	(14)	(16)
Corebridge deconsolidation, net of tax | Amount Reclassified from AOCI
Reclassification of significant items out of Accumulated Other Comprehensive Income
Net income (loss) attributable to AIG	$ (7,214)	$ 0	$ (7,214)	$ 0

Earnings Per Common Share (EP_3

Earnings Per Common Share (EPS) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator for EPS:
Income from continuing operations	$ 475	$ 841	$ 1,272	$ 1,178
Less: Preferred stock dividends and preferred stock redemption premiums	0	8	22	15
Income attributable to AIG common shareholders from continuing operations	475	833	1,250	1,163
Income (loss) from discontinued operations, net of income taxes	(4,359)	850	(3,556)	426
Less: Net income attributable to noncontrolling interests	93	198	477	81
Net income (loss) from discontinued operations attributable to AIG	(4,452)	652	(4,033)	345
Net income (loss) attributable to AIG common shareholders	$ (3,977)	$ 1,485	$ (2,783)	$ 1,508
Denominator for EPS:
Weighted average common shares outstanding - basic (in shares)	661,092,967	725,754,549	671,834,907	732,175,533
Dilutive common shares (in shares)	5,862,201	4,792,563	5,623,436	5,115,161
Weighted average common shares outstanding - diluted (in shares)	666,955,168	730,547,112	677,458,343	737,290,694
Basic:
Income from continuing operations (in dollars per share)	$ 0.72	$ 1.15	$ 1.86	$ 1.59
Income (loss) from discontinued operations (in dollars per share)	(6.74)	0.90	(6)	0.47
Net income (loss) attributable to AIG common shareholders (in dollars per share)	(6.02)	2.05	(4.14)	2.06
Diluted:
Income from continuing operations (in dollars per share)	0.71	1.14	1.85	1.58
Income (loss) from discontinued operations (in dollars per share)	(6.67)	0.89	(5.96)	0.47
Net income (loss) attributable to AIG common shareholders (in dollars per share)	$ (5.96)	$ 2.03	$ (4.11)	$ 2.05
Number of shares excluded from diluted shares outstanding because the effect would have been anti-dilutive (in shares)	100,000	6,600,000	100,000	5,500,000

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Operating Loss Carryforwards [Line Items]
Effective tax rates on income from continuing operations (as a percent)	23%	5.10%	24.10%	8.50%
U.S. federal income tax at statutory rate (as a percent)	21%	21%	21%	21%
Valuation allowance related to certain tax attribute carryforward	$ 300		$ 300
Gross unrecognized tax benefits, beginning of year	1,400		1,400		$ 1,400
Unrecognized tax benefits, if recognized would favorably affect the effective tax rate	1,400		1,400		1,400
Unrecognized tax benefits, interest and penalties accrued	52		52		$ 52
Unrecognized tax benefits, interest net of the federal (benefit) expense and penalties			0	$ 4
Foreign
Operating Loss Carryforwards [Line Items]
Deferred tax asset, increase (decrease) in valuation allowance recognized			(6)
U.S. And Non-U.S. Life Insurance Companies, Available-for-Sale Portfolio
Operating Loss Carryforwards [Line Items]
Valuation allowance	600		600
Non U.S.. Life Insurance Companies, Available-for-Sale Portfolio
Operating Loss Carryforwards [Line Items]
Deferred tax asset, increase (decrease) in valuation allowance recognized	$ 12		$ 23