← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $52.4b | $49.5b | $47.4b | $49.7b | $43.7b | $52.1b | $56.4b | $46.8b | $27.3b | $26.8b | |
| Revenues: | |||||||||||
| Revenues (note 26) | $1.9b | $2.4b | $2.8b | $3.0b | $2.8b | $4.1b | $4.5b | $4.3b | $4.8b | $5.6b | |
| Cost of revenues (exclusive of depreciation and amortization shown below) | $1.2b | $1.6b | $1.8b | $2.0b | $1.7b | $2.5b | $2.7b | $2.6b | $2.9b | $3.3b | |
| Additional Financial Items | |||||||||||
| (Gain) loss on extinguishment of debt | $74.0m | ($5.0m) | $7.0m | $32.0m | $12.0m | $389.0m | $303.0m | ($37.0m) | $14.0m | ($5.0m) | |
| Acquisition-related items (note 7) | $3.6m | $14.9m | $22.0m | $28.5m | $45.8m | $61.0m | $77.1m | $47.1m | ($27.8m) | $29.9m | |
| Amortization of Intangible Assets | $21.3m | $26.7m | $11.0m | $8.0m | $9.0m | $8.0m | $128.7m | $147.9m | $155.4m | $178.7m | |
| Basic (in shares) | $1.1b | $930.6m | $898.4m | $876.8m | $869.3m | $854.3m | $778.6m | $719.5m | $651.4m | $565.1m | |
| Current | $576.0m | $636.0m | $336.0m | $545.0m | $217.0m | ($45.0m) | $517.0m | $491.0m | $657.0m | $905.0m | |
| Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded | — | — | — | — | — | — | $307.0m | $199.0m | $15.0m | $28.0m | |
| Deferred | ($391.0m) | $6.9b | ($182.0m) | $621.0m | ($1.7b) | $2.2b | $2.5b | ($511.0m) | $513.0m | ($123.0m) | |
| Depreciation | $23.6m | $26.3m | $30.6m | $33.4m | $39.3m | $45.9m | $48.7m | $54.6m | $66.2m | $77.4m | |
| Diluted (in shares) | $1.1b | $930.6m | $910.1m | $889.5m | $869.3m | $864.9m | $787.9m | $725.2m | $657.3m | $570.3m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | $79.0m | — | — | ($66.0m) | $73.0m | $143.0m | $506.0m | ($174.0m) | |
| Equity earnings from non-consolidated investments | — | — | — | ($2.1m) | ($2.9m) | ($6.2m) | ($6.7m) | ($5.1m) | ($7.3m) | ($12.5m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($1.2b) | $489.0m | ($182.0m) | $227.0m | $378.0m | $11.0m | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $1.0b | $1.9b | ($12.0m) | $3.8b | ($8.4b) | $9.8b | $12.4b | $1.9b | $1.8b | $1.5b | |
| Income (Loss) from Continuing Operations, Per Basic Share | ($1) | ($7) | $0 | $4 | ($7) | $11 | $13 | $5 | $4 | $5 | |
| Income (Loss) from Continuing Operations, Per Diluted Share | ($1) | ($7) | $0 | $4 | ($7) | $11 | $13 | $5 | $4 | $5 | |
| Income (loss) from discontinued operations, net of income taxes | ($90.0m) | $4.0m | ($42.0m) | $48.0m | $4.0m | $0 | ($1.0m) | $0 | ($3.6b) | $0 | |
| Income from continuing operations | ($1) | ($7) | $0 | $4 | ($7) | $11 | $11.3b | $3.9b | $2.7b | $3.1b | |
| Less: Dividends on preferred stock and preferred stock redemption premiums | — | — | — | $22.0m | $29.0m | $29.0m | $29.0m | $29.0m | $22.0m | $0 | |
| Loss on disposal of operations | — | — | — | — | — | $0 | $26.8m | $2.3m | $0 | — | |
| Market Risk Benefit, Change in Fair Value, Gain (Loss) | — | — | — | — | — | — | — | ($2.0m) | — | — | |
| Net (gain) loss on divestitures and other | ($545.0m) | ($68.0m) | ($38.0m) | $75.0m | $8.5b | ($3.0b) | $82.0m | ($643.0m) | ($616.0m) | ($81.0m) | |
| Net earnings attributable to Company | $68.0m | $51.4m | $97.7m | $102.9m | $49.1m | ($390.3m) | $46.3m | $65.5m | $161.7m | $103.1m | |
| Non-controlling interest redemption increment (note 17) | $3.5m | $22.4m | $7.7m | $7.9m | $15.8m | $99.3m | $94.4m | $22.6m | $21.2m | $63.6m | |
| Non-controlling interest share of earnings | — | $20.3m | $23.2m | $26.8m | $29.6m | $53.5m | $53.9m | $56.6m | $54.0m | $57.8m | |
| Operating earnings | $146.2m | $167.4m | $201.4m | $218.2m | $164.6m | ($131.5m) | $332.5m | $300.9m | $389.2m | $371.0m | |
| Other Income | $3.1b | $2.4b | $1.6b | $919.0m | $903.0m | $984.0m | $850.0m | $767.0m | $7.0m | $11.0m | |
| Preferred Stock Dividends and Other Adjustments | — | — | — | — | — | — | — | — | $22.0m | $0 | |
| Preferred Stock Dividends, Income Statement Impact | — | — | — | $22.0m | $29.0m | $29.0m | $29.0m | $29.0m | $22.0m | $0 | |
| Premiums | $34.4b | $31.4b | $30.6b | $30.6b | $28.5b | $31.3b | $31.9b | $33.3b | $23.5b | $23.8b | |
| Realized Investment Gains (Losses) | ($1.9b) | ($1.4b) | ($130.0m) | $632.0m | ($2.2b) | $2.2b | $9.0b | ($4.6b) | ($548.0m) | ($1.2b) | |
| Settlement of long-term incentive arrangement ("LTIA") (note 22) | — | — | — | — | $0 | $471.9m | $0 | — | — | — | |
| Gain (Loss) on Investments | ($1.9b) | ($1.4b) | ($130.0m) | $632.0m | ($2.2b) | $2.2b | $9.0b | ($4.6b) | ($548.0m) | ($1.2b) | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($74.0m) | $1.5b | $257.0m | $5.3b | ($7.3b) | $12.1b | $14.3b | $3.9b | $3.9b | $3.9b | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ($759.0m) | ($6.1b) | $36.0m | $3.3b | ($6.0b) | $9.4b | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($259.0m) | ($6.1b) | $103.0m | $4.1b | ($5.8b) | $9.9b | $11.3b | $3.9b | $2.7b | $3.1b | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | ($4.1b) | $0 | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($90.0m) | $4.0m | ($42.0m) | $48.0m | $4.0m | $0 | ($1.0m) | $0 | ($3.6b) | $0 | |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic | ($849.0m) | ($6.1b) | $61.0m | $3.3b | ($6.0b) | $9.4b | $10.2b | $3.6b | $2.7b | $3.1b | |
| Net Investment Income | $14.1b | $14.2b | $12.5b | $14.6b | $13.6b | $14.6b | $11.8b | $14.6b | $4.3b | $4.2b | |
| Policyholder Benefits and Claims Incurred, Net | $32.4b | $30.0b | $27.4b | $25.4b | $24.8b | $24.4b | $22.8b | $24.8b | $14.6b | $14.2b | |
| Premiums Earned, Net | $34.4b | $31.4b | $30.6b | $30.6b | $28.5b | $31.3b | $31.9b | $33.3b | $23.5b | $23.8b | |
| Total net investment income | $14.1b | $14.2b | $12.5b | $14.6b | $13.6b | $14.6b | $11.8b | $14.6b | $4.3b | $4.2b | |
| Total net realized losses | ($1.9b) | ($1.4b) | ($130.0m) | $632.0m | ($2.2b) | $2.2b | $9.0b | ($4.6b) | ($548.0m) | ($1.2b) | |
| Net Income (Loss) Attributable to Parent | ($849.0m) | ($6.1b) | ($6.0m) | $3.3b | ($5.9b) | $9.4b | $10.3b | $3.6b | ($1.4b) | $3.1b | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($849.0m) | ($6.1b) | ($6.0m) | $3.3b | ($6.0b) | $9.4b | $10.2b | $3.6b | ($1.4b) | $3.1b | |
| Less: Net income attributable to noncontrolling interests | $20.1m | $20.2m | — | — | — | — | $1.0b | $235.0m | $478.0m | $1.0m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | $478.0m | $1.0m | |
| Common Stock, Dividends, Per Share, Declared | $1.28 | $1.28 | ($0.01) | $3.74 | ($6.88) | $10.82 | $13.01 | $4.98 | $1.56 | $1.75 | |
| Continuing operations (Diluted) (in dollars per share) | $1.76 | $1.27 | — | — | — | — | — | — | — | — | |
| Earnings Per Share, Basic | ($0.78) | ($6.54) | ($0.01) | $3.79 | ($6.88) | $10.95 | $13.16 | $5.02 | ($2.19) | $5.48 | |
| Earnings Per Share, Diluted | ($0.78) | ($6.54) | ($0.01) | $3.74 | ($6.88) | $10.82 | $13.01 | $4.98 | ($2.17) | $5.43 | |
| Income from continuing operations (in dollars per share) | ($0.70) | ($6.54) | $0.04 | $3.74 | ($6.88) | $10.95 | $13.01 | $4.98 | $4.07 | $5.43 | |
| Loss from discontinued operations (in dollars per share) | ($0.08) | $0.00 | ($0.05) | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | ($6.30) | $0.00 | |
| Preferred Stock, Dividends Per Share, Declared | ($0.78) | ($6.54) | ($0.01) | $3.74 | ($6.88) | $10.82 | $365.62 | $1,462.50 | $365.62 | $5.43 | |
| Weighted Average Number of Shares Outstanding, Basic | 1.1b | 930.6m | 898.4m | 876.8m | 869.3m | 854.3m | 778.6m | 719.5m | 651.4m | 565.1m | |
| Weighted Average Number of Shares Outstanding, Diluted | 1.1b | 930.6m | 910.1m | 889.5m | 869.3m | 864.9m | 787.9m | 725.2m | 657.3m | 570.3m | |
| Expenses | |||||||||||
| Amortization of deferred policy acquisition costs | $4.5b | $4.3b | $5.4b | $5.2b | $4.2b | $4.6b | $5.0b | $4.8b | $3.4b | $3.4b | |
| Current Income Tax Expense (Benefit) | $576.0m | $636.0m | $336.0m | $545.0m | $217.0m | ($45.0m) | $517.0m | $491.0m | $657.0m | $905.0m | |
| Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Amortization | $4.5b | $4.3b | $5.4b | $5.2b | $4.2b | $4.6b | $5.0b | $4.8b | $3.4b | $3.4b | |
| Deferred Policy Acquisition Costs, Amortization Expense | $4.5b | $4.3b | $5.4b | $5.2b | $4.2b | $4.6b | ($5.0b) | ($4.8b) | $3.4b | $3.4b | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | $104.0m | — | — | — | |
| General operating and other expenses | $11.0b | $9.1b | $9.3b | $8.5b | $8.4b | $8.8b | $9.2b | $8.5b | $5.5b | $5.1b | |
| Income from continuing operations before income tax expense | ($74.0m) | $1.5b | $257.0m | $5.3b | ($7.3b) | $12.1b | $14.3b | $3.9b | $3.9b | $3.9b | |
| Income tax expense | $185.0m | $7.5b | $154.0m | $1.2b | ($1.5b) | $2.2b | $3.0b | ($20.0m) | $1.2b | $782.0m | |
| Interest Expense | $1.3b | $1.2b | $1.3b | $1.4b | $1.5b | $1.3b | $1.1b | $1.1b | $462.0m | $396.0m | |
| Interest expense, net | $9.2m | $11.9m | $20.8m | $29.5m | $30.9m | $31.8m | $48.6m | $94.1m | $85.8m | $82.4m | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $25.6b | $22.5b | $23.3b | $18.1b | $17.2b | $15.9b | $15.0b | $14.9b | $14.6b | $14.2b | |
| Losses and loss adjustment expenses incurred | $32.4b | $30.0b | $27.4b | $25.4b | $24.8b | $24.4b | $22.8b | $24.8b | $14.6b | $14.2b | |
| Operating Lease, Expense | — | — | — | $232.0m | $258.0m | $237.0m | $190.0m | $177.0m | $164.0m | $150.0m | |
| Other (income) expense | ($2.4m) | ($500k) | ($1.3m) | $212k | $13k | ($5.1m) | $1.0m | ($841k) | — | — | |
| Selling, General and Administrative Expense | $11.0b | $9.1b | $9.3b | $8.5b | $8.4b | $8.8b | $9.2b | $8.5b | $5.5b | $5.1b | |
| Benefits, Losses and Expenses | $52.4b | $48.1b | $47.1b | $44.5b | $51.0b | $40.0b | $42.2b | $42.9b | $23.4b | $22.9b | |
| Income Tax Expense (Benefit) | $185.0m | $7.5b | $154.0m | $1.2b | ($1.5b) | $2.2b | $3.0b | ($20.0m) | $1.2b | $782.0m | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | ($29.0m) | ($27.0m) | — | — | |
| Total benefits, losses and expenses | $52.4b | $48.1b | $47.1b | $44.5b | $51.0b | $40.0b | $42.2b | $42.9b | $23.4b | $22.9b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.