XML 50 R37.htm IDEA: XBRL DOCUMENT
v3.25.1

Insurance Liabilities (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Insurance [Abstract] |
Rollforward of Activity in Loss Reserves | The following table presents the rollforward of activity in loss reserves:
Three Months Ended March 31, |  |  |  |  |  |  |  |  |  |  |
(in millions) |  |  |  |  |  |  | 2025 |  | 2024 |  |
Liability for unpaid loss and loss adjustment expenses, beginning of year |  |  |  |  |  |  | $ | 69,168 |  |  | $ | 70,393 |  |  |
Reinsurance recoverable |  |  |  |  |  |  | (29,026) |  |  | (30,289) |  |  |
Net Liability for unpaid loss and loss adjustment expenses, beginning of year |  |  |  |  |  |  | 40,142 |  |  | 40,104 |  |  |
Losses and loss adjustment expenses incurred: |  |  |  |  |  |  |  |  |  |  |
Current year |  |  |  |  |  |  | 3,809 |  |  | 3,365 |  |  |
Prior years, excluding discount and amortization of deferred gain |  |  |  |  |  |  | (33) |  |  | — |  |  |
Prior years, discount charge (benefit) |  |  |  |  |  |  | 40 |  |  | 106 |  |  |
Prior years, amortization of deferred gain on retroactive reinsurance(a) |  |  |  |  |  |  | (22) |  |  | (32) |  |  |
Total losses and loss adjustment expenses incurred |  |  |  |  |  |  | 3,794 |  |  | 3,439 |  |  |
Losses and loss adjustment expenses paid: |  |  |  |  |  |  |  |  |  |  |
Current year |  |  |  |  |  |  | (429) |  |  | (286) |  |  |
Prior years |  |  |  |  |  |  | (2,961) |  |  | (2,857) |  |  |
Total losses and loss adjustment expenses paid |  |  |  |  |  |  | (3,390) |  |  | (3,143) |  |  |
Other changes: |  |  |  |  |  |  |  |  |  |  |
Foreign exchange effect |  |  |  |  |  |  | 484 |  |  | (496) |  |  |
Losses and loss adjustment expenses recognized within gain on divestitures |  |  |  |  |  |  | 32 |  |  | — |  |  |
Retroactive reinsurance adjustment (net of discount)(b) |  |  |  |  |  |  | 35 |  |  | (8) |  |  |
Reclassified to held for sale, net of reinsurance recoverables |  |  |  |  |  |  | — |  |  | (5) |  |  |
Total other changes |  |  |  |  |  |  | 551 |  |  | (509) |  |  |
Liability for unpaid loss and loss adjustment expenses, end of period: |  |  |  |  |  |  |  |  |  |  |
Net liability for unpaid losses and loss adjustment expenses |  |  |  |  |  |  | 41,097 |  |  | 39,891 |  |  |
Reinsurance recoverable |  |  |  |  |  |  | 27,799 |  |  | 30,169 |  |  |
Total |  |  |  |  |  |  | $ | 68,896 |  |  | $ | 70,060 |  |  |
(a)Includes $5 million and $5 million for the retroactive reinsurance agreement with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway Inc. (Berkshire), covering U.S. asbestos exposures for the three months ended March 31, 2025 and 2024, respectively. (b)Includes benefit (charge) from change in discount on retroactive reinsurance in the amount of $1 million and $55 million for the three months ended March 31, 2025 and 2024, respectively.
Schedule of Components of Loss Reserve Discount | The following table presents the components of the loss reserve discount discussed above:
(in millions) |  | March 31, 2025 |  | December 31, 2024
U.S. workers' compensation | $ | 2,094 |  | $ | 2,111 |
Retroactive reinsurance |  | (935) |  |  | (936) |
Total reserve discount(a)(b) | $ | 1,159 |  | $ | 1,175 |
(a)Excludes $190 million and $184 million of discount related to certain long-tail liabilities in the UK at March 31, 2025 and December 31, 2024, respectively. (b)Includes gross discount of $736 million and $627 million, which was 100 percent ceded to Fortitude Re at March 31, 2025 and December 31, 2024, respectively.
Schedule of Loss Reserve Discount | The following table presents the net loss reserve discount benefit (charge):
Three Months Ended March 31, |  |  |  |  |  |  |  |  |  |  |
(in millions) |  |  |  |  |  |  | 2025 |  | 2024 |  |
Current accident year |  |  |  |  |  | $ | 23 |  | $ | 30 |  |  |
Accretion and other adjustments to prior year discount |  |  |  |  |  |  | (40) |  |  | (106) |  |  |
Net reserve discount benefit (charge) |  |  |  |  |  |  | (17) |  |  | (76) |  |  |
Change in discount on loss reserves ceded under retroactive reinsurance |  |  |  |  |  |  | 1 |  |  | 55 |  |  |
Net change in total reserve discount* |  |  |  |  |  | $ | (16) |  | $ | (21) |  |  |
*Excludes $6 million and $(2) million of discount related to certain long-tail liabilities in the UK for the three months ended March 31, 2025 and 2024, respectively.

X
- Definition Schedule of Components of Loss Reserve Discount + References No definition available. + Details
Name: | aig_ScheduleOfComponentsOfLossReserveDiscountTableTextBlock
Namespace Prefix: | aig_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of net loss reserve discount and net loss reserve discount benefit (charge). + References No definition available. + Details
Name: | aig_ScheduleOfLossReserveDiscountTableTextBlock
Namespace Prefix: | aig_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InsuranceAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480081/944-40-50-3 + Details
Name: | us-gaap_ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration