2019 Q4 Form 10-K Financial Statement

#000110465920023889 Filed on February 21, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q2 2019
Revenue $11.82B $12.56B $49.75B
YoY Change -5.93% 8.0% 4.97%
Cost Of Revenue $5.802B $25.40B
YoY Change 5.4% -7.33%
Gross Profit $6.759B $24.34B
YoY Change 10.33% 21.86%
Gross Profit Margin 53.81% 48.94%
Selling, General & Admin $2.157B $2.140B $8.537B
YoY Change -9.48% -7.88% -8.22%
% of Gross Profit 31.66% 35.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.173B $1.439B $4.993B
YoY Change -24.27% 7.63% -7.3%
% of Gross Profit 21.29% 20.51%
Operating Expenses $10.33B $2.140B $8.537B
YoY Change -19.64% -7.88% -8.22%
Operating Profit $4.619B $15.81B
YoY Change 21.46% 48.07%
Interest Expense -$360.0M $360.0M $1.417B
YoY Change -11.55% 20.4% 8.25%
% of Operating Profit 7.79% 8.96%
Other Income/Expense, Net
YoY Change
Pretax Income $1.036B $1.837B $5.287B
YoY Change -249.06% 46.73% 1957.2%
Income Tax $216.0M $446.0M $1.166B
% Of Pretax Income 20.85% 24.28% 22.05%
Net Earnings $929.0M $1.109B $3.348B
YoY Change -249.36% 18.36% -55900.0%
Net Earnings / Revenue 7.86% 8.83% 6.73%
Basic Earnings Per Share $1.26 $3.79
Diluted Earnings Per Share $1.037M $1.24 $3.74
COMMON SHARES
Basic Shares Outstanding 878.2M shares 876.4M shares 876.8M shares
Diluted Shares Outstanding 896.4M shares 888.3M shares 889.5M shares

Balance Sheet

Concept 2019 Q4 2019 Q2 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $3.287B $3.185B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $1.953B $724.0M $648.0M
YoY Change -10.08%
Goodwill $4.038B
YoY Change -1.08%
Intangibles $333.0M
YoY Change -7.5%
Long-Term Investments $337.6B $334.9B $337.6B
YoY Change 7.45% 4.74% 7.45%
Other Assets $13.39B $13.57B $13.39B
YoY Change -13.97% -9.42% -13.97%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $525.1B $522.3B $525.1B
YoY Change 6.72% 5.12% 6.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $733.0M $823.0M $733.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.536B $1.536B
YoY Change
Total Short-Term Liabilities $2.269B $823.0M $2.269B
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $33.81B $36.29B $33.81B
YoY Change -2.1% 7.42% -2.1%
Other Long-Term Liabilities $25.88B $27.51B $25.88B
YoY Change 5.03% 1.68% 5.03%
Total Long-Term Liabilities $59.69B $63.80B $59.69B
YoY Change 0.87% 4.87% 0.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.269B $823.0M $2.269B
Total Long-Term Liabilities $59.69B $63.80B $59.69B
Total Liabilities $457.6B $456.2B $459.4B
YoY Change 5.28% 4.86% 5.46%
SHAREHOLDERS EQUITY
Retained Earnings $23.08B $22.08B
YoY Change 10.53% -5.32%
Common Stock $86.11B $85.98B
YoY Change 0.09% 0.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $48.99B $48.99B
YoY Change -0.32% 1.95%
Treasury Stock Shares 1.037B shares 1.037B shares
Shareholders Equity $65.68B $64.54B $65.68B
YoY Change
Total Liabilities & Shareholders Equity $525.1B $522.3B $525.1B
YoY Change 6.72% 5.12% 6.72%

Cashflow Statement

Concept 2019 Q4 2019 Q2 2019
OPERATING ACTIVITIES
Net Income $929.0M $1.109B $3.348B
YoY Change -249.36% 18.36% -55900.0%
Depreciation, Depletion And Amortization $1.173B $1.439B $4.993B
YoY Change -24.27% 7.63% -7.3%
Cash From Operating Activities -$202.0M -$296.0M -$1.807B
YoY Change -304.04% -149.5% 358.63%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$682.0M -$2.168B -$1.503B
YoY Change -198.27% -531.87% 651.5%
Cash From Investing Activities -$682.0M -$2.168B -$5.475B
YoY Change -198.27% -531.87% 2355.16%
FINANCING ACTIVITIES
Cash Dividend Paid $1.114B
YoY Change -2.11%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $3.202B
YoY Change -12.8%
Cash From Financing Activities 424.0M 2.454B $7.258B
YoY Change -178.66% -330.86% 481.1%
NET CHANGE
Cash From Operating Activities -202.0M -296.0M -$1.807B
Cash From Investing Activities -682.0M -2.168B -$5.475B
Cash From Financing Activities 424.0M 2.454B $7.258B
Net Change In Cash -460.0M -10.00M -$8.000M
YoY Change -281.1% -127.03% -101.29%
FREE CASH FLOW
Cash From Operating Activities -$202.0M -$296.0M -$1.807B
Capital Expenditures
Free Cash Flow
YoY Change

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0 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5717000000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2019 aig Increase Decrease In Short Term Investments Net
IncreaseDecreaseInShortTermInvestmentsNet
3633000000 USD
CY2018 aig Increase Decrease In Short Term Investments Net
IncreaseDecreaseInShortTermInvestmentsNet
-1524000000 USD
CY2017 aig Increase Decrease In Short Term Investments Net
IncreaseDecreaseInShortTermInvestmentsNet
-2098000000 USD
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1503000000 USD
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-200000000 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2143000000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5475000000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-223000000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
14041000000 USD
CY2019 us-gaap Additions To Contract Holders Funds
AdditionsToContractHoldersFunds
22307000000 USD
CY2018 us-gaap Additions To Contract Holders Funds
AdditionsToContractHoldersFunds
24178000000 USD
CY2017 us-gaap Additions To Contract Holders Funds
AdditionsToContractHoldersFunds
17908000000 USD
CY2019 us-gaap Withdrawal From Contract Holders Funds
WithdrawalFromContractHoldersFunds
17556000000 USD
CY2018 us-gaap Withdrawal From Contract Holders Funds
WithdrawalFromContractHoldersFunds
17999000000 USD
CY2017 us-gaap Withdrawal From Contract Holders Funds
WithdrawalFromContractHoldersFunds
15785000000 USD
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3881000000 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
4734000000 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3356000000 USD
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3202000000 USD
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3672000000 USD
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3698000000 USD
CY2019 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
485000000 USD
CY2018 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
CY2017 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1739000000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6275000000 USD
CY2019 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
22000000 USD
CY2018 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 USD
CY2017 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
0 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1114000000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1138000000 USD
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1172000000 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1600000000 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3570000000 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-31000000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6379000000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
794000000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5697000000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16000000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-11000000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-29000000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8000000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
621000000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
497000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3358000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2737000000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2107000000 USD
CY2019 aig Disposal Group Including Discontinued Operation Cash Increase Decrease
DisposalGroupIncludingDiscontinuedOperationCashIncreaseDecrease
-63000000 USD
CY2018 aig Disposal Group Including Discontinued Operation Cash Increase Decrease
DisposalGroupIncludingDiscontinuedOperationCashIncreaseDecrease
0 USD
CY2017 aig Disposal Group Including Discontinued Operation Cash Increase Decrease
DisposalGroupIncludingDiscontinuedOperationCashIncreaseDecrease
133000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3287000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3358000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2737000000 USD
CY2019Q4 us-gaap Cash
Cash
2856000000 USD
CY2018Q4 us-gaap Cash
Cash
2873000000 USD
CY2017Q4 us-gaap Cash
Cash
2362000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3287000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3358000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2737000000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
1326000000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
1312000000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
1282000000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
252000000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
154000000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
544000000 USD
CY2019 us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
1072000000 USD
CY2018 us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
0 USD
CY2017 us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
0 USD
CY2019 aig Interest Credited To Policyholder Accounts Included In Financing Activities
InterestCreditedToPolicyholderAccountsIncludedInFinancingActivities
3305000000 USD
CY2018 aig Interest Credited To Policyholder Accounts Included In Financing Activities
InterestCreditedToPolicyholderAccountsIncludedInFinancingActivities
3392000000 USD
CY2017 aig Interest Credited To Policyholder Accounts Included In Financing Activities
InterestCreditedToPolicyholderAccountsIncludedInFinancingActivities
3309000000 USD
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top: 12.00pt; line-height: 13.00pt; margin-bottom: 6.00pt; text-align: left"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 11.00pt; text-transform: uppercase">Use of Estimates</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 3.00pt; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">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:</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 3.00pt; margin-left: 0.25in; text-indent: -0.13in; text-align: left"><span style="color: #001871; font-family: Symbol; font-size: 9.00pt; display: inline-block; width: 0.13in"></span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">liability for unpaid losses and loss adjustment expenses (loss reserves);</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 3.00pt; margin-left: 0.25in; text-indent: -0.13in; text-align: left"><span style="color: #001871; font-family: Symbol; font-size: 9.00pt; display: inline-block; width: 0.13in"></span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">valuation of future policy benefit liabilities and timing and extent of loss recognition;</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 3.00pt; margin-left: 0.25in; text-indent: -0.13in; text-align: left"><span style="color: #001871; font-family: Symbol; font-size: 9.00pt; display: inline-block; width: 0.13in"></span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">valuation of liabilities for guaranteed benefit features of variable annuity products;</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 3.00pt; margin-left: 0.25in; text-indent: -0.13in; text-align: left"><span style="color: #001871; font-family: Symbol; font-size: 9.00pt; display: inline-block; width: 0.13in"></span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">valuation of embedded derivatives for fixed index annuity and life products;</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 3.00pt; margin-left: 0.25in; text-indent: -0.13in; text-align: left"><span style="color: #001871; font-family: Symbol; font-size: 9.00pt; display: inline-block; width: 0.13in"></span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">estimated gross profits to value deferred policy acquisition costs for investment-oriented products;</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 3.00pt; margin-left: 0.25in; text-indent: -0.13in; text-align: left"><span style="color: #001871; font-family: Symbol; font-size: 9.00pt; display: inline-block; width: 0.13in"></span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">reinsurance assets;</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 3.00pt; margin-left: 0.25in; text-indent: -0.13in; text-align: left"><span style="color: #001871; font-family: Symbol; font-size: 9.00pt; display: inline-block; width: 0.13in"></span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">impairment charges, including other-than-temporary impairments on available for sale securities, impairments on other invested assets, including investments in life settlements, allowances for loan losses, and goodwill impairment;</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 3.00pt; margin-left: 0.25in; text-indent: -0.13in; text-align: left"><span style="color: #001871; font-family: Symbol; font-size: 9.00pt; display: inline-block; width: 0.13in"></span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">liability for legal contingencies; </span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 3.00pt; margin-left: 0.25in; text-indent: -0.13in; text-align: left"><span style="color: #001871; font-family: Symbol; font-size: 9.00pt; display: inline-block; width: 0.13in"></span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">fair value measurements of certain financial assets and liabilities; and</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 3.00pt; margin-left: 0.25in; text-indent: -0.13in; text-align: left"><span style="color: #001871; font-family: Symbol; font-size: 9.00pt; display: inline-block; width: 0.13in"></span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">income tax assets and liabilities, including recoverability of our net deferred tax asset and the predictability of future tax operating profitability of the character necessary to realize the net deferred tax asset and estimates associated with the Tax Act.</span></p><p style="margin-top: 9.00pt; line-height: 12.00pt; margin-bottom: 6.00pt; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">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.</span></p><p style="margin-top: 12.00pt; line-height: 13.00pt; margin-bottom: 6.00pt; text-align: left"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 11.00pt; text-transform: uppercase">Out of Period Adjustments</span></p>
CY2019 aig Period Of Earning Pattern Of Quota Share Reinsurance Contract
PeriodOfEarningPatternOfQuotaShareReinsuranceContract
P24M
CY2019Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
178000000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
216000000 USD
CY2019Q4 aig Deferred Bonus Interest And Sales Inducement Assets
DeferredBonusInterestAndSalesInducementAssets
430000000 USD
CY2018Q4 aig Deferred Bonus Interest And Sales Inducement Assets
DeferredBonusInterestAndSalesInducementAssets
752000000 USD
CY2019 aig Deferred Bonus Interest And Sales Inducement Assets Amortization Expense
DeferredBonusInterestAndSalesInducementAssetsAmortizationExpense
79000000 USD
CY2018 aig Deferred Bonus Interest And Sales Inducement Assets Amortization Expense
DeferredBonusInterestAndSalesInducementAssetsAmortizationExpense
156000000 USD
CY2017 aig Deferred Bonus Interest And Sales Inducement Assets Amortization Expense
DeferredBonusInterestAndSalesInducementAssetsAmortizationExpense
94000000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
823000000 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
724000000 USD
CY2019 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
650000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
4000000000.0 USD
CY2019 us-gaap Revenues
Revenues
49746000000 USD
CY2019 us-gaap Net Investment Income
NetInvestmentIncome
14619000000 USD
CY2019 us-gaap Interest Expense
InterestExpense
1417000000 USD
CY2019 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
5164000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5287000000 USD
CY2018 us-gaap Revenues
Revenues
47389000000 USD
CY2018 us-gaap Net Investment Income
NetInvestmentIncome
12476000000 USD
CY2018 us-gaap Interest Expense
InterestExpense
1309000000 USD
CY2018 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
5386000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
257000000 USD
CY2017 us-gaap Revenues
Revenues
49520000000 USD
CY2017 us-gaap Net Investment Income
NetInvestmentIncome
14179000000 USD
CY2017 us-gaap Interest Expense
InterestExpense
1168000000 USD
CY2017 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
4288000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1466000000 USD
CY2019Q4 us-gaap Assets
Assets
525064000000 USD
CY2018Q4 us-gaap Assets
Assets
491984000000 USD
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
304000000 USD
CY2018 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
368000000 USD
CY2019 us-gaap Revenues
Revenues
49746000000 USD
CY2018 us-gaap Revenues
Revenues
47389000000 USD
CY2017 us-gaap Revenues
Revenues
49520000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1953000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2172000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2522000000 USD
CY2019Q4 aig Incremental Loss On Sale Of Business
IncrementalLossOnSaleOfBusiness
2700000000 USD
CY2019Q4 us-gaap Alternative Investment
AlternativeInvestment
5500000000 USD
CY2018Q4 us-gaap Alternative Investment
AlternativeInvestment
5000000000.0 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
33610000000 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
1301000000 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
556000000 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
-3610000000 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
2448000000 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
3347000000 USD
CY2019 aig Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assets Reclassified To Held For Sale
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsReclassifiedToHeldForSale
0 USD
CY2019 aig Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assets Acquired In Business Combination
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsAcquiredInBusinessCombination
0 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
30958000000 USD
CY2019 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
180000000 USD
CY2017Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
35763000000 USD
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
1345000000 USD
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
-518000000 USD
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchasesSalesIssuancesSettlements
-3705000000 USD
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
2814000000 USD
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
2269000000 USD
CY2018 aig Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assets Reclassified To Held For Sale
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsReclassifiedToHeldForSale
0 USD
CY2018 aig Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assets Acquired In Business Combination
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsAcquiredInBusinessCombination
180000000 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
33610000000 USD
CY2018 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
264000000 USD
CY2018 aig Definedbenefitplanplanassetslevel3reconciliationincreaseforissuances
Definedbenefitplanplanassetslevel3reconciliationincreaseforissuances
0 USD
CY2019 aig Definedbenefitplanplanassetslevel3reconciliationincreaseforissuances
Definedbenefitplanplanassetslevel3reconciliationincreaseforissuances
0 USD
CY2019 aig Fair Value Level3 Transfers In At End Of Period Net Gain Loss Excluded From Level3 Gains Losses
FairValueLevel3TransfersInAtEndOfPeriodNetGainLossExcludedFromLevel3GainsLosses
-46000000 USD
CY2018 aig Fair Value Level3 Transfers In At End Of Period Net Gain Loss Excluded From Level3 Gains Losses
FairValueLevel3TransfersInAtEndOfPeriodNetGainLossExcludedFromLevel3GainsLosses
33000000 USD
CY2019 aig Fair Value Level3 Transfers Out At End Of Period Net Gain Loss Included In Level3 Gains Losses
FairValueLevel3TransfersOutAtEndOfPeriodNetGainLossIncludedInLevel3GainsLosses
30000000 USD
CY2018 aig Fair Value Level3 Transfers Out At End Of Period Net Gain Loss Included In Level3 Gains Losses
FairValueLevel3TransfersOutAtEndOfPeriodNetGainLossIncludedInLevel3GainsLosses
-18000000 USD
CY2019Q4 us-gaap Alternative Investment
AlternativeInvestment
5549000000 USD
CY2019Q4 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
2666000000 USD
CY2018Q4 us-gaap Alternative Investment
AlternativeInvestment
4966000000 USD
CY2018Q4 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
1956000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Financial Liability Fair Value Option Reclassification Adjustment From Aoci For Derecognition After Tax
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionReclassificationAdjustmentFromAociForDerecognitionAfterTax
4000000 USD
CY2019Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
233230000000 USD
CY2019 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
650000000 USD
CY2019 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
330000000 USD
CY2018 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
347000000 USD
CY2018 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
476000000 USD
CY2017 us-gaap Available For Sale Securities Gross Realized Gains
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OtherThanTemporaryImpairmentsDueToChangeInIntent
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CY2019 aig Embedded Derivatives Net Of Related Hedges
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CY2019Q4 us-gaap Assets Held By Insurance Regulators
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CY2019Q4 us-gaap Restricted Investments Current
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CY2019Q4 aig Average Debt Service Coverage Ratio Of Commercial Mortgages
AverageDebtServiceCoverageRatioOfCommercialMortgages
2.0 pure
CY2018Q4 aig Average Debt Service Coverage Ratio Of Commercial Mortgages
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1.9 pure
CY2019Q4 aig Average Loan To Value Ratio Of Commercial Mortgages
AverageLoanToValueRatioOfCommercialMortgages
0.56 pure
CY2018Q4 aig Average Loan To Value Ratio Of Commercial Mortgages
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CY2018Q4 us-gaap Loans And Leases Receivable Allowance
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CY2019 us-gaap Reinsurance Recoverable Allowance For Credit Loss Recovery
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CY2019 aig Deferred Policy Acquisition Costs Reclassified To Assets Held For Sale
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CY2018 aig Deferred Policy Acquisition Costs Reclassified To Assets Held For Sale
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CY2017 aig Deferred Policy Acquisition Costs Reclassified To Assets Held For Sale
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CY2019Q4 us-gaap Value Of Business Acquired Voba
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0.085 pure
CY2019Q4 us-gaap Present Value Of Future Insurance Profits Percentage Of Amortization Expense Year Two
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0.076 pure
CY2019Q4 us-gaap Present Value Of Future Insurance Profits Percentage Of Amortization Expense Year Three
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0.070 pure
CY2019Q4 us-gaap Present Value Of Future Insurance Profits Percentage Of Amortization Expense Year Four
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0.070 pure
CY2019Q4 us-gaap Present Value Of Future Insurance Profits Percentage Of Amortization Expense Year Five
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0.066 pure
CY2019Q4 aig Percentageofamountamortizedofendingpresentvalueoffutureinsuranceprofitsthereafter
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0.633 pure
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CY2018Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
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CY2018Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
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CY2019Q4 us-gaap Derivative Assets
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CY2019Q4 us-gaap Derivative Liabilities
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CY2018Q4 us-gaap Derivative Liabilities
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CY2019 us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Gross Of Tax
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CY2019Q4 aig Hybrid Instruments Payment Obligation
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CY2019Q4 aig Hybrid Instruments At Par Value
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CY2016Q4 us-gaap Goodwill
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CY2017Q4 us-gaap Goodwill
Goodwill
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CY2018Q4 us-gaap Goodwill
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CY2019Q4 us-gaap Goodwill Gross
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CY2019Q4 us-gaap Goodwill
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CY2018 aig Intangible Assets Excluding Goodwill Acquired
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360000000 USD
CY2019 aig Intangible Assets Excluding Goodwill Acquired
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CY2019 us-gaap Amortization Of Intangible Assets
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333000000 USD
CY2019Q4 aig Intangible Assets Amortized Percentage Year One
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