← AMERICAN INTERNATIONAL GROUP, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Accounts receivable, net of allowance of $40,852 (December 31, 2024 - $34,865) | $311.0m | $382.5m | $455.2m | $393.9m | $372.1m | $502.4m | $577.9m | $643.4m | $735.5m | $829.3m | |
| Cash and cash equivalents | $113.1m | $108.5m | $127.0m | $115.0m | $156.6m | $396.7m | $173.7m | $181.1m | $176.3m | $207.9m | |
| Mortgage and other loans receivable, net of allowance for credit losses of $37,747 in 2025 and $37,800 in 2024 | — | — | — | — | — | $46.0b | $49.6b | $51.6b | $3.9b | $2.9b | |
| Mortgage warehouse receivables (note 23) | — | — | — | — | $232.2m | $174.7m | $29.6m | $177.1m | $77.6m | $140.1m | |
| Other receivables | $10.2m | $10.1m | $12.1m | $16.7m | $15.0m | $12.4m | $12.5m | $11.9m | $11.6m | $18.7m | |
| Premiums and other receivables, net of allowance for credit losses and disputes of $131 in 2025 and $127 in 2024 | $10.5b | $10.2b | $11.0b | $10.3b | $11.3b | $12.4b | $13.2b | $10.6b | $10.5b | $10.4b | |
| Prepaid expenses and other current assets (note 8) | $37.1m | $54.7m | $62.5m | $145.2m | $177.8m | $339.8m | $247.6m | $258.7m | $310.0m | $345.6m | |
| Short-term Investments | $12.3b | $10.4b | $9.7b | $13.2b | — | — | — | — | — | — | |
| Short-term investments, including restricted cash of $55 in 2025 and $55 in 2024 (portion measured at fair value: 2025 - $5,909; 2024 - $9,789) | — | — | — | $13.2b | $18.2b | $13.4b | $12.4b | $17.2b | $14.5b | $11.1b | |
| Total current assets | $506.3m | $664.4m | $757.3m | $718.1m | $1.0b | $1.6b | $1.2b | $1.5b | $1.6b | $1.8b | |
| Property, Plant and Equipment, Net | $2.7b | $2.5b | $2.2b | $2.0b | $1.8b | $1.7b | $1.6b | $1.4b | $1.1b | $1.4b | |
| Goodwill | $1.5b | $1.6b | $4.1b | $4.0b | $4.1b | $4.1b | $3.9b | $3.5b | $3.4b | $3.4b | |
| Intangible Assets, Net (Excluding Goodwill) | — | — | $360.0m | $333.0m | $319.0m | $300.0m | — | — | — | — | |
| Intangible assets (note 11) | $139.6m | $183.0m | $497.9m | $477.5m | $610.3m | $561.8m | $1.2b | $1.1b | $1.2b | $1.2b | |
| Operating Lease, Right-of-Use Asset | — | — | — | $648.0m | $906.0m | $1.0b | $880.0m | $767.0m | $696.0m | $690.0m | |
| Operating lease right-of-use assets (note 9) | — | — | — | $263.6m | $288.1m | $316.5m | $341.6m | $390.6m | $398.5m | $443.4m | |
| Other assets (note 8) | $38.7m | $55.5m | $63.7m | $69.5m | $74.4m | $100.0m | $138.5m | $157.2m | $186.3m | $213.1m | |
| Other assets, including restricted cash of $16 in 2025 and $15 in 2024 (portion measured at fair value: 2025 - $135; 2024 - $179) | $10.8b | $10.2b | $13.6b | $16.4b | $13.1b | $14.4b | $12.7b | $13.1b | $4.7b | $4.8b | |
| Additional Financial Items | |||||||||||
| Bonds available for sale, at fair value, net of allowance for credit losses of $37 in 2025 and $38 in 2024 (amortized cost: 2025 - $71,772; 2024 - $66,195) | — | — | — | — | — | $277.2b | $226.2b | $231.7b | $64.0b | $71.0b | |
| Cash | $1.9b | $2.4b | $2.9b | $2.9b | $2.8b | $2.2b | $2.0b | $2.2b | $1.3b | $1.3b | |
| Commissions and premium taxes payable | — | — | — | — | — | — | — | $1.4b | $1.5b | $1.6b | |
| Common shares (note 18) | $399.8m | $407.0m | $415.8m | $442.2m | $458.0m | $852.2m | $845.7m | $1.1b | $1.5b | $1.5b | |
| Contract assets (note 26) | — | $104.7m | $99.5m | $42.8m | $61.1m | $71.3m | $91.9m | $83.4m | $134.4m | $161.0m | |
| Contract liabilities (note 26) | — | $35.4m | $28.8m | $24.1m | $21.1m | $30.4m | $25.6m | $45.3m | $63.5m | $80.3m | |
| Contributed surplus | $51.5m | $50.2m | $54.7m | $60.7m | $67.0m | $79.4m | $104.5m | $123.4m | $140.5m | $173.7m | |
| Convertible notes (note 14) | — | — | — | — | $224.0m | $225.2m | $226.5m | $0 | — | — | |
| Deferred and contingent acquisition consideration (note 23) | $27.4m | $31.6m | $76.7m | $68.2m | $109.8m | $34.4m | $48.3m | $30.8m | $6.0m | $19.1m | |
| Deferred and contingent acquisition consideration - current (note 23) | $4.9m | $18.7m | $17.1m | $16.8m | $5.8m | $120.2m | $42.9m | $13.9m | $30.7m | $12.8m | |
| Deferred income tax assets | $21.3b | $14.0b | $15.2b | $13.1b | $12.6b | $11.7b | $15.1b | $14.4b | $5.0b | $5.1b | |
| Deferred income tax, net (note 14) | $82.3m | $48.4m | $34.2m | — | — | — | — | — | — | — | |
| Deferred policy acquisition costs | $11.0b | $11.0b | $12.7b | $11.2b | $9.8b | $10.5b | $15.5b | $12.1b | $2.1b | $2.1b | |
| Deferred rent | $21.2m | $24.5m | $27.1m | — | — | — | — | — | — | — | |
| Deposit accounting assets, net of allowance for credit losses of $49 in 2025 and $49 in 2024 | — | — | — | — | — | — | — | $1.9b | $2.2b | $2.4b | |
| Deposit accounting liabilities | — | — | — | — | — | — | — | $2.6b | $3.0b | $3.3b | |
| Equity securities, at fair value | — | — | $1.3b | $841.0m | $1.1b | $739.0m | $575.0m | $728.0m | $704.0m | $502.0m | |
| Fixed assets (note 10) | $65.3m | $83.9m | $93.5m | $107.2m | $129.2m | $144.8m | $164.5m | $202.8m | $227.3m | $251.5m | |
| Fortitude Re funds withheld payable (portion measured at fair value: 2025 - $(92); 2024 - $(128)) | — | — | — | $0 | $43.1b | $40.8b | $30.4b | $29.5b | $3.2b | $3.0b | |
| Future policy benefits | $42.2b | $45.4b | $44.9b | $50.5b | $51.1b | $60.0b | $59.2b | $58.6b | $1.3b | $1.4b | |
| Income tax payable | $15.9m | $21.4m | $30.0m | $15.8m | $26.8m | $35.4m | $32.3m | $16.5m | $15.3m | $19.8m | |
| Income tax recoverable | $8.5m | $13.8m | $13.1m | $10.4m | $15.0m | $13.4m | $22.0m | $48.1m | $13.2m | $32.9m | |
| Liabilities related to real estate assets held for sale (note 5) | — | — | — | $127.7m | $0 | $23.1m | — | — | — | — | |
| Liabilities related to warehouse fund assets (note 6) | — | — | — | $36.2m | $0 | $23.1m | $1.4m | $0 | $86.3m | $33.7m | |
| Liability for unpaid losses and loss adjustment expenses, including allowance for credit losses of $14 in 2025 and $14 in 2024 | $77.1b | $78.4b | $83.6b | $78.3b | $77.7b | $79.0b | $75.2b | $70.4b | $69.2b | $70.7b | |
| Mortgage warehouse credit facilities (note 14) | — | — | — | — | $218.0m | $162.9m | $24.3m | $168.8m | $72.6m | $133.3m | |
| Operating lease liabilities (note 9) | — | — | — | $69.9m | $78.9m | $80.9m | $85.0m | $89.9m | $93.0m | $99.7m | |
| Other bond securities, at fair value | $14.0b | $12.8b | $11.4b | $6.7b | $5.3b | $6.3b | $4.5b | $5.2b | $745.0m | $741.0m | |
| Other invested assets (portion measured at fair value: 2025 - $5,011; 2024 - $7,384) | $24.5b | $20.8b | $19.3b | $18.8b | $19.1b | $15.7b | $16.0b | $16.2b | $9.8b | $6.7b | |
| Other liabilities (portion measured at fair value: 2025 - $162; 2024 - $251) | $26.3b | $26.1b | $24.6b | $26.6b | $27.1b | $28.7b | $26.5b | $26.0b | $7.5b | $6.5b | |
| Other policyholder funds | $4.0b | $3.6b | $3.6b | $3.4b | $3.5b | $3.5b | $3.9b | $3.4b | $418.0m | $352.0m | |
| Premiums and other related payables | — | — | — | — | — | — | — | $6.2b | $6.1b | $5.4b | |
| Real estate assets held for sale (note 5) | — | — | — | $247.4m | $0 | $42.8m | — | — | — | — | |
| Redeemable non-controlling interests (note 17) | $134.8m | $145.5m | $343.4m | $359.1m | $442.4m | $536.9m | $1.1b | $1.1b | $1.2b | $1.3b | |
| Reinsurance assets, net of allowance for credit losses and disputes | $21.9b | $33.0b | $38.2b | $38.0b | $39.0b | $74.3b | $71.6b | $67.5b | $38.0b | $38.0b | |
| Restricted cash | — | — | — | — | $20.9m | $28.5m | $25.4m | $37.9m | $41.7m | $49.0m | |
| Unbilled revenues | $36.6m | $41.4m | — | — | — | — | — | — | — | — | |
| Unearned premiums | $19.6b | $19.0b | $19.2b | $18.3b | $18.7b | $19.3b | $18.3b | $17.4b | $17.2b | $18.0b | |
| Warehouse fund assets (note 6) | — | — | — | $10.7m | $0 | $44.1m | $45.4m | $44.5m | $110.8m | $56.0m | |
| Total AIG shareholders’ equity | $76.3b | $65.2b | $56.4b | $65.7b | $66.4b | $66.0b | $40.0b | $45.4b | $42.5b | $41.1b | |
| Total equity | $76.9b | $65.7b | $57.3b | $67.4b | $67.2b | $68.9b | $42.2b | $51.3b | $42.5b | $41.2b | |
| Total investments | $328.2b | $322.3b | $314.2b | $337.6b | $360.7b | $359.3b | $309.1b | $322.7b | $93.6b | $93.0b | |
| Total noncurrent assets | $683.9m | $843.2m | $1.6b | $2.2b | $2.3b | $2.3b | $3.9b | $4.0b | $4.5b | $5.0b | |
| Total noncurrent liabilites | $332.7m | $334.4m | $823.5m | $1.1b | $1.2b | $1.2b | $2.2b | $2.1b | $2.1b | $2.3b | |
| Assets | $498.3b | $498.3b | $492.0b | $525.1b | $586.5b | $596.1b | $526.6b | $539.3b | $161.3b | $161.3b | |
| Total assets | $498.3b | $498.3b | $492.0b | $525.1b | $586.5b | $596.1b | $526.6b | $539.3b | $161.3b | $161.3b | |
| LIABILITIES AND EQUITY | |||||||||||
| Accounts payable | $83.6m | $102.5m | — | — | — | — | — | — | — | — | |
| Accounts payable and accrued expenses | — | $227.1m | $251.4m | $261.9m | $297.8m | $391.2m | $503.2m | $535.8m | $494.6m | $510.6m | |
| Accrued compensation | — | $419.6m | $469.6m | $495.4m | $450.9m | $691.6m | $625.6m | $569.2m | $646.0m | $756.5m | |
| Accrued investment income | $2.5b | $2.4b | $2.4b | $2.3b | $2.3b | $2.2b | $2.4b | $2.6b | $599.0m | $691.0m | |
| Accrued liabilities (note 10) | $399.8m | $516.1m | — | — | — | — | — | — | — | — | |
| Long-term debt - current (note 13) | $2.0m | $2.4m | $1.8m | $4.2m | $9.0m | $1.5m | $1.4m | $1.8m | $6.1m | $8.1m | |
| Long-term debt - non-current (note 12) | $260.5m | $247.5m | $670.3m | $607.2m | $470.9m | $529.6m | — | — | — | — | |
| Unearned revenues | $4.1m | $11.9m | — | — | — | — | — | — | — | — | |
| Total current liabilities | $510.2m | $724.6m | $798.7m | $924.3m | $1.1b | $1.5b | $1.3b | $1.4b | $1.5b | $1.7b | |
| Current and deferred income tax liabilities | — | — | — | — | — | — | — | $347.0m | $426.0m | $661.0m | |
| Deferred Tax Liabilities, Net, Noncurrent | $14.6m | $18.6m | — | — | — | — | — | — | — | — | |
| Deferred tax liabilities, net (note 21) | — | — | $27.6m | $28.0m | $50.5m | $42.4m | $57.8m | $43.2m | $78.5m | $91.0m | |
| Long-term Debt | $30.9b | $31.6b | $34.5b | $35.4b | $37.5b | $30.2b | $27.2b | $10.6b | $8.9b | $9.2b | |
| Deferred Tax Liabilities, Net | $6.6b | $4.5b | $2.9b | $4.3b | $6.6b | $4.9b | $2.8b | $2.6b | $323.0m | $343.0m | |
| Liabilities | $421.4b | $432.6b | $434.7b | $457.6b | $519.3b | $527.2b | $484.4b | $488.0b | $118.8b | $120.1b | |
| Total liabilities | $421.4b | $432.6b | $434.7b | $457.6b | $519.3b | $527.2b | $484.4b | $488.0b | $118.8b | $120.1b | |
| Non-redeemable noncontrolling interests | $558.0m | $537.0m | $948.0m | $1.8b | $837.0m | $3.0b | $2.2b | $6.0b | $29.0m | $23.0m | |
| Stockholders’ equity: | |||||||||||
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $3.2b | $5.5b | ($1.4b) | $5.0b | $13.5b | $6.7b | ($22.1b) | ($14.0b) | ($7.1b) | ($5.0b) | |
| Accumulated other comprehensive loss | $3.2b | $5.5b | ($1.4b) | $5.0b | $13.5b | $6.7b | ($22.1b) | ($14.0b) | ($7.1b) | ($5.0b) | |
| Additional Paid in Capital, Common Stock | $81.1b | $81.1b | $81.3b | $81.3b | $81.4b | $81.9b | $80.3b | $75.8b | $75.3b | $75.4b | |
| Additional paid-in capital | $81.1b | $81.1b | $81.3b | $81.3b | $81.4b | $81.9b | $80.3b | $75.8b | $75.3b | $75.4b | |
| Common Stock, Value, Issued | $4.8b | $4.8b | $4.8b | $4.8b | $4.8b | $4.8b | $4.8b | $4.8b | — | — | |
| Common stock, $2.50 par value; 5,000,000,000 shares authorized; shares issued: 2025 - 1,906,671,492 and 2024 - 1,906,671,492 | — | — | — | — | — | — | — | $4.8b | $4.8b | $4.8b | |
| Retained Earnings (Accumulated Deficit) | $28.7b | $21.5b | $20.9b | $23.1b | $15.5b | $23.8b | $33.0b | $37.5b | $35.1b | $37.2b | |
| Treasury Stock, Common, Value | — | — | — | — | — | — | — | $59.2b | $65.6b | $71.2b | |
| Treasury stock, at cost; 2025 - 1,368,489,324 shares; 2024 - 1,300,512,040 shares of common stock | — | — | — | — | — | — | ($56.5b) | ($59.2b) | ($65.6b) | ($71.2b) | |
| Stockholders' Equity Attributable to Parent | $76.3b | $65.2b | $56.4b | $65.7b | $66.4b | $66.0b | $40.0b | $45.4b | $42.5b | $41.1b | |
| Stockholders' Equity Attributable to Noncontrolling Interest | $558.0m | $537.0m | $948.0m | $1.8b | $837.0m | $3.0b | $2.2b | $6.0b | $29.0m | $23.0m | |
| Liabilities and Equity | $498.3b | $498.3b | $492.0b | $525.1b | $586.5b | $596.1b | $526.6b | $539.3b | $161.3b | $161.3b | |
| Total liabilities and equity | $498.3b | $498.3b | $492.0b | $525.1b | $586.5b | $596.1b | $526.6b | $539.3b | $161.3b | $161.3b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.