2020 Form 10-K Financial Statement

#000110465921025742 Filed on February 19, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4 2019
Revenue $43.74B $11.82B $49.75B
YoY Change -12.08% -5.93% 4.97%
Cost Of Revenue $24.81B $25.40B
YoY Change -2.35% -7.33%
Gross Profit $18.93B $24.34B
YoY Change -22.24% 21.86%
Gross Profit Margin 43.28% 48.94%
Selling, General & Admin $8.396B $2.157B $8.537B
YoY Change -1.65% -9.48% -8.22%
% of Gross Profit 44.35% 35.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.188B $1.173B $4.993B
YoY Change -16.12% -24.27% -7.3%
% of Gross Profit 22.12% 20.51%
Operating Expenses $8.396B $10.33B $8.537B
YoY Change -1.65% -19.64% -8.22%
Operating Profit $10.53B $15.81B
YoY Change -33.36% 48.07%
Interest Expense $1.457B -$360.0M $1.417B
YoY Change 2.82% -11.55% 8.25%
% of Operating Profit 13.83% 8.96%
Other Income/Expense, Net
YoY Change
Pretax Income -$7.293B $1.036B $5.287B
YoY Change -237.94% -249.06% 1957.2%
Income Tax -$1.460B $216.0M $1.166B
% Of Pretax Income 20.85% 22.05%
Net Earnings -$5.944B $929.0M $3.348B
YoY Change -277.54% -249.36% -55900.0%
Net Earnings / Revenue -13.59% 7.86% 6.73%
Basic Earnings Per Share -$6.88 $3.79
Diluted Earnings Per Share -$6.88 $1.037M $3.74
COMMON SHARES
Basic Shares Outstanding 869.3M shares 878.2M shares 876.8M shares
Diluted Shares Outstanding 869.3M shares 896.4M shares 889.5M shares

Balance Sheet

Concept 2020 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $3.287B
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 $906.0M $1.953B $648.0M
YoY Change 39.81% -10.08%
Goodwill $4.038B
YoY Change -1.08%
Intangibles $333.0M
YoY Change -7.5%
Long-Term Investments $360.7B $337.6B $337.6B
YoY Change 6.83% 7.45% 7.45%
Other Assets $12.85B $13.39B $13.39B
YoY Change -4.05% -13.97% -13.97%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $586.5B $525.1B $525.1B
YoY Change 11.7% 6.72% 6.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $1.000B $733.0M $733.0M
YoY Change 36.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.896B $1.536B $1.536B
YoY Change 23.44%
Total Short-Term Liabilities $2.896B $2.269B $2.269B
YoY Change 27.63%
LONG-TERM LIABILITIES
Long-Term Debt $35.64B $33.81B $33.81B
YoY Change 5.39% -2.1% -2.1%
Other Long-Term Liabilities $26.12B $25.88B $25.88B
YoY Change 0.95% 5.03% 5.03%
Total Long-Term Liabilities $61.76B $59.69B $59.69B
YoY Change 3.47% 0.87% 0.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.896B $2.269B $2.269B
Total Long-Term Liabilities $61.76B $59.69B $59.69B
Total Liabilities $520.1B $457.6B $459.4B
YoY Change 13.22% 5.28% 5.46%
SHAREHOLDERS EQUITY
Retained Earnings $23.08B
YoY Change 10.53%
Common Stock $86.11B
YoY Change 0.09%
Preferred Stock
YoY Change
Treasury Stock (at cost) $48.99B
YoY Change -0.32%
Treasury Stock Shares 1.037B shares
Shareholders Equity $66.36B $65.68B $65.68B
YoY Change
Total Liabilities & Shareholders Equity $586.5B $525.1B $525.1B
YoY Change 11.7% 6.72% 6.72%

Cashflow Statement

Concept 2020 2019 Q4 2019
OPERATING ACTIVITIES
Net Income -$5.944B $929.0M $3.348B
YoY Change -277.54% -249.36% -55900.0%
Depreciation, Depletion And Amortization $4.188B $1.173B $4.993B
YoY Change -16.12% -24.27% -7.3%
Cash From Operating Activities $1.038B -$202.0M -$1.807B
YoY Change -157.44% -304.04% 358.63%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions $0.00 $0.00
YoY Change -100.0%
Other Investing Activities -$6.000M -$682.0M -$1.503B
YoY Change -99.6% -198.27% 651.5%
Cash From Investing Activities -$6.202B -$682.0M -$5.475B
YoY Change 13.28% -198.27% 2355.16%
FINANCING ACTIVITIES
Cash Dividend Paid $1.114B
YoY Change -2.11%
Common Stock Issuance & Retirement, Net $500.0M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $1.923B $3.202B
YoY Change -39.94% -12.8%
Cash From Financing Activities $5.058B 424.0M $7.258B
YoY Change -30.31% -178.66% 481.1%
NET CHANGE
Cash From Operating Activities $1.038B -202.0M -$1.807B
Cash From Investing Activities -$6.202B -682.0M -$5.475B
Cash From Financing Activities $5.058B 424.0M $7.258B
Net Change In Cash -$57.00M -460.0M -$8.000M
YoY Change 612.5% -281.1% -101.29%
FREE CASH FLOW
Cash From Operating Activities $1.038B -$202.0M -$1.807B
Capital Expenditures
Free Cash Flow
YoY Change

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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
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6202000000 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
CY2020 us-gaap Additions To Contract Holders Funds
AdditionsToContractHoldersFunds
22385000000 USD
CY2019 us-gaap Additions To Contract Holders Funds
AdditionsToContractHoldersFunds
25453000000 USD
CY2018 us-gaap Additions To Contract Holders Funds
AdditionsToContractHoldersFunds
27320000000 USD
CY2020 us-gaap Withdrawal From Contract Holders Funds
WithdrawalFromContractHoldersFunds
17854000000 USD
CY2019 us-gaap Withdrawal From Contract Holders Funds
WithdrawalFromContractHoldersFunds
19823000000 USD
CY2018 us-gaap Withdrawal From Contract Holders Funds
WithdrawalFromContractHoldersFunds
20686000000 USD
CY2020 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 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
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
500000000 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
CY2020 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
29000000 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
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1103000000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1114000000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1138000000 USD
CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
541000000 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
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5058000000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7258000000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1249000000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49000000 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
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-57000000 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
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
CY2020 aig Disposal Group Including Discontinued Operation Cash Increase Decrease
DisposalGroupIncludingDiscontinuedOperationCashIncreaseDecrease
0 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
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3230000000 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
CY2020Q4 us-gaap Cash
Cash
2827000000 USD
CY2019Q4 us-gaap Cash
Cash
2856000000 USD
CY2018Q4 us-gaap Cash
Cash
2873000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3230000000 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
CY2020 us-gaap Interest Paid Net
InterestPaidNet
1147000000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
1326000000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
1312000000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
975000000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
252000000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
154000000 USD
CY2020 us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
1140000000 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
CY2020 aig Noncash Or Part Noncash Acquisition Investments Acquired During Reinsurance Transaction
NoncashOrPartNoncashAcquisitionInvestmentsAcquiredDuringReinsuranceTransaction
362000000 USD
CY2019 aig Noncash Or Part Noncash Acquisition Investments Acquired During Reinsurance Transaction
NoncashOrPartNoncashAcquisitionInvestmentsAcquiredDuringReinsuranceTransaction
0 USD
CY2018 aig Noncash Or Part Noncash Acquisition Investments Acquired During Reinsurance Transaction
NoncashOrPartNoncashAcquisitionInvestmentsAcquiredDuringReinsuranceTransaction
0 USD
CY2020 aig Noncash Or Part Noncash Securities Transferred In Connection With Reinsurance Transaction
NoncashOrPartNoncashSecuritiesTransferredInConnectionWithReinsuranceTransaction
-266000000 USD
CY2019 aig Noncash Or Part Noncash Securities Transferred In Connection With Reinsurance Transaction
NoncashOrPartNoncashSecuritiesTransferredInConnectionWithReinsuranceTransaction
0 USD
CY2018 aig Noncash Or Part Noncash Securities Transferred In Connection With Reinsurance Transaction
NoncashOrPartNoncashSecuritiesTransferredInConnectionWithReinsuranceTransaction
0 USD
CY2019 aig Interest Credited To Policyholder Accounts Included In Financing Activities
InterestCreditedToPolicyholderAccountsIncludedInFinancingActivities
3792000000 USD
CY2018 aig Interest Credited To Policyholder Accounts Included In Financing Activities
InterestCreditedToPolicyholderAccountsIncludedInFinancingActivities
3574000000 USD
CY2020 aig Fee Income Debited To Policyholder Contract Deposits Included In Financing Activities
FeeIncomeDebitedToPolicyholderContractDepositsIncludedInFinancingActivities
-1710000000 USD
CY2019 aig Fee Income Debited To Policyholder Contract Deposits Included In Financing Activities
FeeIncomeDebitedToPolicyholderContractDepositsIncludedInFinancingActivities
-1733000000 USD
CY2018 aig Fee Income Debited To Policyholder Contract Deposits Included In Financing Activities
FeeIncomeDebitedToPolicyholderContractDepositsIncludedInFinancingActivities
-1701000000 USD
CY2020Q4 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
80 item
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
2.50
CY2020 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: 0.09in"></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: 0.09in"></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: 0.09in"></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: 0.09in"></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: 0.09in"></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: 0.09in"></span> <span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">reinsurance assets, including the allowance for credit losses;</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: 0.09in"></span> <span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">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: 0.09in"></span> <span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">allowances for credit losses primarily on loans and available for sale fixed maturity securities;</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: 0.09in"></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: 0.09in"></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: 0.09in"></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 Cuts and Jobs Act (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>
CY2020 aig Period Of Earnings Pattern Of Quota Share Reinsurance Contract
PeriodOfEarningsPatternOfQuotaShareReinsuranceContract
P24M
CY2020 aig Interest Credited To Policyholder Accounts Included In Financing Activities
InterestCreditedToPolicyholderAccountsIncludedInFinancingActivities
3734000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
205000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
178000000 USD
CY2020Q4 aig Deferred Bonus Interest And Sales Inducement Assets
DeferredBonusInterestAndSalesInducementAssets
281000000 USD
CY2019Q4 aig Deferred Bonus Interest And Sales Inducement Assets
DeferredBonusInterestAndSalesInducementAssets
430000000 USD
CY2020 aig Deferred Bonus Interest And Sales Inducement Assets Amortization Expense
DeferredBonusInterestAndSalesInducementAssetsAmortizationExpense
60000000 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
CY2019Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2020 aig Debt Securities Available For Sale Pcd Assets Allowance For Credit Loss Including Initial Allowance
DebtSecuritiesAvailableForSalePcdAssetsAllowanceForCreditLossIncludingInitialAllowance
33000000 USD
CY2020 aig Debt Securities Available For Sale Incremental Increase Decrease Recognized In Income
DebtSecuritiesAvailableForSaleIncrementalIncreaseDecreaseRecognizedInIncome
280000000 USD
CY2020 aig Debt Securities Available For Sale Allowance For Credit Loss Writeoff And Other
DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoffAndOther
127000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
186000000 USD
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
438000000 USD
CY2020 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-75000000 USD
CY2020 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
17000000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
814000000 USD
CY2019Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
151000000 USD
CY2020 us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
ReinsuranceRecoverableCreditLossExpenseReversal
9000000 USD
CY2020 aig Reinsurance Loss On Uncollectible Accounts And Other
ReinsuranceLossOnUncollectibleAccountsAndOther
9000000 USD
CY2020Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
375000000 USD
CY2019Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
178000000 USD
CY2020 us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
6000000 USD
CY2020 us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
13000000 USD
CY2020Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
205000000 USD
CY2019Q4 aig Allowance For Credit Losses On Reinsurance Recoverable Unsecured
AllowanceForCreditLossesOnReinsuranceRecoverableUnsecured
0 USD
CY2020 aig Allowance For Credit Losses On Reinsurance Recoverable Unsecured Credit Loss Expense Reversal
AllowanceForCreditLossesOnReinsuranceRecoverableUnsecuredCreditLossExpenseReversal
0 USD
CY2020 aig Allowance For Credit Losses On Reinsurance Recoverable Unsecured Write Offs
AllowanceForCreditLossesOnReinsuranceRecoverableUnsecuredWriteOffs
0 USD
CY2020Q4 aig Allowance For Credit Losses On Reinsurance Recoverable Unsecured
AllowanceForCreditLossesOnReinsuranceRecoverableUnsecured
14000000 USD
CY2019Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
0 USD
CY2020 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
28000000 USD
CY2020 aig Off Balance Sheet Credit Loss Liability Write Offs
OffBalanceSheetCreditLossLiabilityWriteOffs
0 USD
CY2020Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
79000000 USD
CY2019Q4 aig Allowance For Credit Losses
AllowanceForCreditLosses
767000000 USD
CY2020 aig Debt Securities Available For Sale Pcd Assets Allowance For Credit Loss Including Initial Allowance
DebtSecuritiesAvailableForSalePcdAssetsAllowanceForCreditLossIncludingInitialAllowance
33000000 USD
CY2020 aig Allowance For Credit Losses Period Increase Decrease
AllowanceForCreditLossesPeriodIncreaseDecrease
398000000 USD
CY2020 aig Allowance For Credit Losses Write Offs
AllowanceForCreditLossesWriteOffs
166000000 USD
CY2020Q4 aig Allowance For Credit Losses
AllowanceForCreditLosses
1673000000 USD
CY2020Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
PremiumsReceivableAllowanceForDoubtfulAccounts
205000000 USD
CY2020 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<p style="margin-top: 12.00pt; line-height: 13.00pt; margin-bottom: 0; text-align: left"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 11.00pt; text-transform: uppercase">Future Application of Accounting Standards</span></p><p style="margin-top: 0; line-height: 13.00pt; margin-bottom: 3.00pt; text-align: left"><span style="color: #001871; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 10.00pt">Targeted Improvements to the Accounting for Long-Duration Contracts</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">In August 2018, the FASB issued an accounting standard update with the objective of making targeted improvements to the existing recognition, measurement, presentation, and disclosure requirements for long-duration contracts issued by an insurance entity. The standard prescribes significant and comprehensive changes to recognition, measurement, presentation and disclosure as summarized below:</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: 0.09in"></span> <span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">Requires the review and if necessary update of future policy benefit assumptions at least annually for traditional and limited pay long duration contracts, with the recognition and separate presentation of any resulting re-measurement gain or loss (except for discount rate changes as noted below) in the income statement.</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: 0.09in"></span> <span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">Requires the discount rate assumption to be updated at the end of each reporting period using an upper medium grade (low-credit risk) fixed income instrument yield that maximizes the use of observable market inputs and recognizes the impact of changes to discount rates in other comprehensive income.</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: 0.09in"></span> <span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">Simplifies the amortization of DAC to a constant level basis over the expected term of the related contracts with adjustments for unexpected terminations, but no longer requires an impairment test. </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: 0.09in"></span> <span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">Requires the measurement of all market risk benefits associated with deposit (or account balance) contracts at fair value through the income statement with the exception of instrument-specific credit risk changes, which will be recognized in other comprehensive income.</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: 0.09in"></span> <span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">Increased disclosures of disaggregated rollforwards of policy benefits, account balances, market risk benefits, separate account liabilities and information about significant inputs, judgments and methods used in measurement and changes thereto and impact of those changes.</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">In November 2020, the FASB issued ASU 2020-11, which deferred the effective date of the standard for all entities. Our implementation efforts are underway for a January 1, 2023 effective date; we continue to evaluate the method of adoption and impact of the standard on our reported consolidated financial condition, results of operations, cash flows and required disclosures The adoption of this standard is expected to have a significant impact on our consolidated financial condition, results of operations, cash flows and required disclosures, as well as systems, processes and controls.</span></p><p style="margin-top: 9.00pt; line-height: 13.00pt; margin-bottom: 3.00pt; text-align: left"><span style="color: #001871; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 10.00pt">Income Tax</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 6.00pt; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">On December 18, 2019, the FASB issued an accounting standard that simplifies the accounting for income taxes by eliminating certain exceptions to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. The amendments also simplified other areas including the accounting for franchise taxes and enacted tax laws or rates, and clarified the accounting for transactions that result in the step-up in the tax basis of goodwill. The standard is effective on January 1, 2021, with early adoption permitted. The impact is not material to our consolidated financial condition, results of operations and cash flows. </span></p><p style="margin-top: 9.00pt; line-height: 13.00pt; margin-bottom: 3.00pt; text-align: left"><span style="color: #001871; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 10.00pt">Reference Rate Reform</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 6.00pt; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">On March 12, 2020, the FASB issued an accounting standard that provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The standard allows us to account for certain contract modifications that result from the discontinuation of the London Inter-Bank Offered Rate (LIBOR) or another reference rate as a continuation of the existing contract without additional analysis.</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 6.00pt; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">This guidance is not expected to have a significant impact on our consolidated financial statements and notes to the consolidated financial statements. Where applicable, we would account for the change for the modification due to the discontinuation of LIBOR or another reference rate as a continuation of the existing contract. As part of our implementation efforts, we will continue to assess our operational readiness and current and alternative reference rates’ merits, limitations, risks and suitability for our investment and insurance processes.</span></p><p style="margin-top: 0; line-height: 107.92%; margin-bottom: 8.00pt; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">This standard may be elected and applied prospectively over time from March 12, 2020 through December 31, 2022 as reference rate reform activities occur. We are evaluating the method of adoption and impact of the standard on our reported consolidated financial condition, results of operations, cash flows and required disclosures.</span></p><p style="margin-top: 9.00pt; line-height: 13.00pt; margin-bottom: 3.00pt; text-align: left"><span style="color: #001871; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 10.00pt">Clarification of Accounting for Certain Equity Method Investments </span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 6.00pt; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">On January 16, 2020, the FASB issued an accounting standard to clarify how a previously issued standard regarding a company’s ability to measure the fair value of certain equity securities without a readily determinable fair value should interact with equity method investments standards. The previously issued standard provides that such equity securities could be measured at cost, minus impairment, if any, unless an observable transaction for an identical or similar security occurs (measurement alternative). The new standard clarifies that a company should consider observable transactions that require the company to either apply or discontinue the equity method of accounting for the purposes of applying the measurement alternative in accordance with the equity method immediately before applying or upon discontinuing the equity method.</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 6.00pt; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">The standard further clarifies that, when determining the accounting for certain forward contracts and purchased options a company should not consider, whether upon settlement or exercise, if the underlying securities would be accounted for under the equity method or fair value option.</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 6.00pt; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">The standard is effective for interim and annual reporting periods beginning after December 15, 2020. We do not expect the adoption of this standard to be material to our reported consolidated financial condition, results of operations, cash flows and required disclosures.</span></p>
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CY2020 us-gaap Deferred Policy Acquisition Costs Text Block1
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<p style="margin-top: 28.00pt; line-height: 16.00pt; margin-bottom: 12.00pt; text-align: left; border-top: solid #001871 1pt"><span style="color: #001871; font-family: 'Arial', 'sans-serif'; font-size: 15.00pt">9. Deferred Policy Acquisition Costs</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 6.00pt; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">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 deferred policy acquisition costs 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.</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 6.00pt; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">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.</span></p><p style="margin-top: 12.00pt; line-height: 12.00pt; margin-bottom: 12.00pt; text-align: left"><span style="color: #001871; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">Short-duration insurance contracts:</span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> Policy acquisition costs are deferred and amortized over the period in which the related premiums written are earned, generally 12 months. DAC is grouped consistent with the manner in which the insurance contracts are acquired, serviced and measured for profitability and is reviewed for recoverability based on the profitability of the underlying insurance contracts. Investment income is anticipated in assessing the recoverability of DAC. We assess the recoverability of DAC on an annual basis or more frequently if circumstances indicate an impairment may have occurred. This assessment is performed by comparing recorded net unearned premiums and anticipated investment income on in-force business to the sum of expected losses and loss adjustment expenses incurred, unamortized DAC and maintenance costs. If the sum of these costs exceeds the amount of recorded net unearned premiums and anticipated investment income, the excess is recognized as an offset against the asset established for DAC. This offset is referred to as a premium deficiency charge. Increases in expected losses and loss adjustment expenses incurred can have a significant impact on the likelihood and amount of a premium deficiency charge.</span></p><p style="margin-top: 12.00pt; line-height: 12.00pt; margin-bottom: 12.00pt; text-align: left"><span style="color: #001871; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">Long-duration insurance contracts:</span><span style="color: #005984; font-family: 'Arial', 'sans-serif'; font-size: 9.50pt"> </span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">Policy acquisition costs for participating life, traditional life and accident and health insurance products are generally deferred and amortized, with interest, over the premium paying period. The assumptions used to calculate the benefit liabilities and DAC for these traditional products are set when a policy is issued and do not change with changes in actual experience, unless a loss recognition event occurs. These “locked-in” assumptions include mortality, morbidity, persistency, maintenance expenses and investment returns, and include margins for adverse deviation to reflect uncertainty given that actual experience might deviate from these assumptions. A loss recognition event occurs when there is a shortfall between the carrying amount of future policy benefit liabilities, net of DAC, and what the future policy benefit liabilities, net of DAC, would be when applying updated current assumptions. When we determine a loss recognition event has occurred, we first reduce any DAC related to that block of business through amortization of acquisition expense, and after DAC is depleted, we record additional liabilities through a charge to Policyholder benefits and losses incurred. Groupings for loss recognition testing are consistent with our manner of acquiring, servicing and measuring the profitability of the business and applied by product groupings. We perform separate loss recognition tests for traditional life products, payout annuities and long-term care products. Once loss recognition has been recorded for a block of business, the old assumption set is replaced and the assumption set used for the loss recognition would then be subject to the lock-in principle.</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 6.00pt; text-align: left"><span style="color: #001871; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">Investment-oriented contracts:</span><span style="color: #005984; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">Certain policy acquisition costs and policy issuance costs related to universal life and investment-type products (collectively, investment-oriented products) are deferred and amortized, with interest, in relation to the incidence of estimated gross profits to be realized over the estimated lives of the contracts. DAC on investment-oriented contracts were approximately $</span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">5.1 billion and $</span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">6.1 billion at December 31, 2020 and 2019, respectively. Estimated gross profits are affected by a number of factors, including levels of current and expected interest rates, net investment income and spreads, net realized capital gains and losses, fees, surrender rates, mortality experience, policyholder behavior experience and equity market returns and volatility. In each reporting period, current period amortization expense is adjusted to reflect actual gross profits. If the assumptions used for estimating gross profit change significantly, DAC is recalculated using the new assumptions, including actuarial assumptions such as mortality, lapse, benefit utilization, and premium persistency, and any resulting adjustment is included in income. If the new assumptions indicate that future estimated gross profits are higher than previously estimated, DAC will be increased resulting in a decrease in amortization expense and increase in income in the current period; if future estimated gross profits are lower than previously estimated, DAC will be decreased resulting in an increase in amortization expense and decrease in income in the current period. Updating such assumptions may result in acceleration of amortization in some products and deceleration of amortization in other products. DAC is grouped consistent with the manner in which the insurance contracts are acquired, serviced and measured for profitability and is reviewed for recoverability based on the current and projected future profitability of the underlying insurance contracts.</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 6.00pt; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">To estimate future estimated gross profits for variable annuity products, a long-term annual asset growth assumption is applied to determine the future growth in assets and related asset-based fees. In determining the asset growth rate, the effect of short-term fluctuations in the equity markets is partially mitigated through the use of a “reversion to the mean” methodology whereby short-term asset growth above or below long-term annual rate assumptions impacts the growth assumption applied to the five-year period subsequent to the current balance sheet date. The reversion to the mean methodology allows us to maintain our long-term growth assumptions, while also giving consideration to the effect of actual investment performance. When actual performance significantly deviates from the annual long-term growth assumption, as evidenced by growth assumptions in the five-year reversion to the mean period falling below a certain rate (floor) or rising above a certain rate (cap) for a sustained period, judgment may be applied to revise or “unlock” the growth rate assumptions to be used for both the five-year reversion to the mean period as well as the long-term annual growth assumption applied to subsequent periods. </span></p><p style="margin-top: 12.00pt; line-height: 12.00pt; margin-bottom: 12.00pt; text-align: left"><span style="color: #001871; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">Shadow DAC and Shadow Loss Recognition:</span><span style="color: #00A4E4; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.50pt"> </span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">DAC related to investment-oriented products is also adjusted to reflect the effect of unrealized gains or losses on fixed maturity securities available for sale, with related changes recognized through Other comprehensive income (shadow DAC). The adjustment is made at each balance sheet date, as if the securities had been sold at their stated aggregate fair value and the proceeds reinvested at current yields. Similarly, for long-duration traditional insurance contracts, if the assets supporting the liabilities are in a net unrealized gain position at the balance sheet date, loss recognition testing assumptions are updated to exclude such gains from future cash flows by reflecting the impact of reinvestment rates on future yields. If a future loss is anticipated under this basis, any additional shortfall indicated by loss recognition tests is recognized as a reduction in accumulated other comprehensive income (shadow loss recognition). Similar to other loss recognition on long-duration insurance contracts, such shortfall is first reflected as a reduction in DAC and secondly as an increase in liabilities for future policy benefits. The change in these adjustments, net of tax, is included with the change in net unrealized appreciation of investments that is credited or charged directly to Other comprehensive income.</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 6.00pt; text-align: left"><span style="color: #001871; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">Internal Replacements of Long-duration and Investment-oriented Products:</span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> For some products, policyholders can elect to modify product benefits, features, rights or coverages by exchanging a contract for a new contract or by amendment, endorsement, or rider to a contract, or by the election of a feature or coverage within a contract. These transactions are known as internal replacements. If the modification does not substantially change the contract, we do not change the accounting and amortization of existing DAC and related actuarial balances. If an internal replacement represents a substantial change, the original contract is considered to be extinguished and any related DAC or other policy balances are charged or credited to income, and any new deferrable costs associated with the replacement contract are deferred.</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 6.00pt; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">Value of Business Acquired (VOBA) is determined at the time of acquisition and is reported in the Consolidated Balance Sheets with DAC. This value is based on the present value of future pre-tax profits discounted at yields applicable at the time of purchase. For participating life, traditional life and accident and health insurance products, VOBA is amortized over the life of the business in a manner similar to that for DAC based on the assumptions at purchase. For investment-oriented products, VOBA is amortized in relation to estimated gross profits and adjusted for the effect of unrealized gains or losses on fixed maturity securities available for sale and prior to 2018, equity securities at fair value in a manner similar to DAC.</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: 9.00pt">The following table presents a rollforward of DAC and VOBA:</span></p><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 66%; border-top: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">Years Ended December 31,</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #005984; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #005984; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #005984; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 66%; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-style: italic; font-size: 8.00pt">(in millions)</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 1pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">2020</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 1pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-top: 0; margin-bottom: 0; text-align: center"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">2019</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 1pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-top: 0; margin-bottom: 0; text-align: center"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">2018</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 66%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">Balance, beginning of year</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">11,207</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">12,694</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">10,994</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 66%; border-top: solid #1352DE 0.5pt; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">Acquisitions</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">298</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 66%; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">Dispositions</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">(</span><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">467)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">-</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 66%; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">Acquisition costs deferred</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">4,292</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">5,403</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">5,832</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 66%; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">Amortization expense</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">(</span><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">4,211)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">5,164)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">5,386)</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 66%; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">Change related to unrealized appreciation (depreciation) of investments</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">(</span><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">1,096)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">1,768)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">1,063</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 66%; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">Other, including foreign exchange</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">80</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">42</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">107)</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 66%; border-top: solid #005984 0.5pt; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">Balance, end of year<sup>(a)</sup></span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #005984 0.5pt; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #005984 0.5pt; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">9,805</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #005984 0.5pt; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #005984 0.5pt; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">11,207</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #005984 0.5pt; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #005984 0.5pt; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">12,694</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 66%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">Supplemental Information:</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 66%; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">VOBA amortization expense included in DAC amortization<sup>(b)</sup></span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">192</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">171</span></p></td><td style="vertical-align: bottom; width: 2%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">243</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 66%; border-bottom: solid #1352DE 1pt; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">VOBA, end of year included in DAC balance<sup>(c)</sup></span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 1pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 9.00pt">126</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 1pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">317</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 1pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">438</span></p></td></tr></table><p style="margin-top: 4.00pt; line-height: 9.00pt; margin-bottom: 0; margin-left: 0.21in; text-indent: -0.09in; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt; display: inline-block; width: 0.05in">(a)</span> <span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">Net of reductions in DAC of $</span><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">1.0 billion, $</span><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">1.8 billion and $</span><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">1.0 billion at December 31, 2020, 2019 and 2018, respectively, related to shadow DAC.</span></p><p style="margin-top: 4.00pt; line-height: 9.00pt; margin-bottom: 0; margin-left: 0.21in; text-indent: -0.09in; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt; display: inline-block; width: 0.05in">(b)</span> <span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">In connection with the Majority Interest Fortitude Sale, and the subsequent deconsolidation of Fortitude Re, AIG wrote off $</span><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">169 million of VOBA.</span></p><p style="margin-top: 4.00pt; line-height: 9.00pt; margin-bottom: 0; margin-left: 0.09in; text-indent: -0.09in; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">(c)</span><span style="display: inline-block; width: 0.25in;"/><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">Includes $</span><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">101 million of VOBA from the acquisition of Validus in 2018, the majority of which was amortized in 2019 with the remainder fully amortized in 2020.</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">The percentage of the unamortized balance of VOBA at December 31, 2020 expected to be amortized in 2021 through 2025 by year is: </span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">11.2 percent, </span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">10.4 percent, </span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">10.4 percent, </span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">8.8 percent and </span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">8.8 percent, respectively, with </span><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">50.4 percent being amortized after five years. These projections are based on current estimates for investment income and spreads, persistency, mortality and morbidity assumptions.</span></p><p style="margin-top: 0; line-height: 12.00pt; margin-bottom: 6.00pt; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 9.00pt">DAC, VOBA and SIA for insurance-oriented and investment-oriented products are reviewed for recoverability, which involves estimating the future profitability of current business. This review involves significant management judgment. If actual profitability is substantially lower than estimated, AIG’s DAC, VOBA and SIA may be subject to an impairment charge and AIG’s results of operations could be significantly affected in the period the impairment charge is recognized and in future periods. VOBA is reported with the DAC balance and SIAs are included in Other assets.</span></p>
CY2020 us-gaap Debt Securities Available For Sale Purchased With Credit Deterioration Amount At Par Value
DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationAmountAtParValue
644000000 USD
CY2020 us-gaap Debt Securities Available For Sale Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationAllowanceForCreditLossAtAcquisitionDate
-26000000 USD
CY2020 us-gaap Debt Securities Available For Sale Purchased With Credit Deterioration Discount Premium
DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationDiscountPremium
-149000000 USD
CY2020 us-gaap Debt Securities Available For Sale Purchased With Credit Deterioration Amount At Purchase Price
DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationAmountAtPurchasePrice
469000000 USD
CY2020Q4 us-gaap Securities Received As Collateral
SecuritiesReceivedAsCollateral
5359000000 USD
CY2019Q4 us-gaap Securities Received As Collateral
SecuritiesReceivedAsCollateral
2567000000 USD
CY2020Q4 us-gaap Fair Value Of Securities Received As Collateral That Have Been Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged
0 USD
CY2019Q4 us-gaap Fair Value Of Securities Received As Collateral That Have Been Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged
121000000 USD
CY2020Q4 us-gaap Assets Held By Insurance Regulators
AssetsHeldByInsuranceRegulators
11200000000 USD
CY2019Q4 us-gaap Assets Held By Insurance Regulators
AssetsHeldByInsuranceRegulators
8700000000 USD
CY2020Q4 us-gaap Restricted Investments Current
RestrictedInvestmentsCurrent
494000000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
46376000000 USD
CY2019Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
47422000000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
814000000 USD
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
438000000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
45562000000 USD
CY2019Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
46984000000 USD
CY2020Q4 aig Average Debt Service Coverage Ratio Of Commercial Mortgages
AverageDebtServiceCoverageRatioOfCommercialMortgages
2.2 pure
CY2019Q4 aig Average Debt Service Coverage Ratio Of Commercial Mortgages
AverageDebtServiceCoverageRatioOfCommercialMortgages
2.0 pure
CY2020Q4 aig Average Loan To Value Ratio Of Commercial Mortgages
AverageLoanToValueRatioOfCommercialMortgages
0.60 pure
CY2019Q4 aig Average Loan To Value Ratio Of Commercial Mortgages
AverageLoanToValueRatioOfCommercialMortgages
0.56 pure
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
438000000 USD
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
397000000 USD
CY2017Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
322000000 USD
CY2020 aig Loans And Leases Receivable Allowance Initial Allowance Upon Adoption
LoansAndLeasesReceivableAllowanceInitialAllowanceUponAdoption
318000000 USD
CY2019 aig Loans And Leases Receivable Allowance Initial Allowance Upon Adoption
LoansAndLeasesReceivableAllowanceInitialAllowanceUponAdoption
0 USD
CY2018 aig Loans And Leases Receivable Allowance Initial Allowance Upon Adoption
LoansAndLeasesReceivableAllowanceInitialAllowanceUponAdoption
0 USD
CY2020 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
17000000 USD
CY2019 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
5000000 USD
CY2018 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
19000000 USD
CY2020 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
0 USD
CY2019 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
0 USD
CY2018 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
1000000 USD
CY2020 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
17000000 USD
CY2019 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
5000000 USD
CY2018 us-gaap Allowance For Loan And Lease Losses Writeoffs Net
AllowanceForLoanAndLeaseLossesWriteoffsNet
18000000 USD
CY2020 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-75000000 USD
CY2019 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-46000000 USD
CY2018 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-93000000 USD
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
814000000 USD
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
438000000 USD
CY2018Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
397000000 USD
CY2020Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
106000000 USD
CY2019Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
86000000 USD
CY2020Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
77720000000 USD
CY2020Q4 aig Liability For Unpaid Claims And Claims Adjustment Expense Net Of Current Expected Credit Losses
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNetOfCurrentExpectedCreditLosses
43154000000 USD
CY2019Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
78328000000 USD
CY2019Q4 aig Liability For Unpaid Claims And Claims Adjustment Expense Net Of Current Expected Credit Losses
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNetOfCurrentExpectedCreditLosses
47259000000 USD
CY2020Q4 us-gaap Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
51097000000 USD
CY2020Q4 aig Future Policy Benefits For Life And Accident And Health Insurance Contracts Net
FuturePolicyBenefitsForLifeAndAccidentAndHealthInsuranceContractsNet
25121000000 USD
CY2019Q4 us-gaap Liability For Future Policy Benefits
LiabilityForFuturePolicyBenefits
50512000000 USD
CY2019Q4 aig Future Policy Benefits For Life And Accident And Health Insurance Contracts Net
FuturePolicyBenefitsForLifeAndAccidentAndHealthInsuranceContractsNet
49670000000 USD
CY2020Q4 us-gaap Policyholder Contract Deposits
PolicyholderContractDeposits
160251000000 USD
CY2020Q4 aig Policyholder Contract Deposits Net Of Reinsurance
PolicyholderContractDepositsNetOfReinsurance
155072000000 USD
CY2019Q4 us-gaap Policyholder Contract Deposits
PolicyholderContractDeposits
151869000000 USD
CY2019Q4 aig Policyholder Contract Deposits Net Of Reinsurance
PolicyholderContractDepositsNetOfReinsurance
150944000000 USD
CY2020Q4 us-gaap Unearned Premiums
UnearnedPremiums
18660000000 USD
CY2020Q4 aig Unearned Premiums Net
UnearnedPremiumsNet
14606000000 USD
CY2019Q4 us-gaap Unearned Premiums
UnearnedPremiums
18269000000 USD
CY2019Q4 aig Unearned Premiums Net
UnearnedPremiumsNet
15067000000 USD
CY2020Q4 us-gaap Other Policyholder Funds
OtherPolicyholderFunds
3548000000 USD
CY2020Q4 aig Other Policyholder Funds Net
OtherPolicyholderFundsNet
2933000000 USD
CY2019Q4 us-gaap Other Policyholder Funds
OtherPolicyholderFunds
3428000000 USD
CY2019Q4 aig Other Policyholder Funds Net
OtherPolicyholderFundsNet
3420000000 USD
CY2020Q4 aig Reinsurance Assets Gross
ReinsuranceAssetsGross
70390000000 USD
CY2019Q4 aig Reinsurance Assets Gross
ReinsuranceAssetsGross
36046000000 USD
CY2020Q4 aig Liability For Unpaid Losses And Loss Adjustment Expenses Reserve For Current Expected Credit Losses
LiabilityForUnpaidLossesAndLossAdjustmentExpensesReserveForCurrentExpectedCreditLosses
135000000 USD
CY2020 us-gaap Reinsurance Recoverable Allowance For Credit Loss Recovery
ReinsuranceRecoverableAllowanceForCreditLossRecovery
3157000000 USD
CY2019 us-gaap Reinsurance Recoverable Allowance For Credit Loss Recovery
ReinsuranceRecoverableAllowanceForCreditLossRecovery
1970000000 USD
CY2020Q4 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
320000000 USD
CY2019Q4 us-gaap Reinsurance Recoverables On Paid And Unpaid Losses
ReinsuranceRecoverablesOnPaidAndUnpaidLosses
112000000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2020Q4 us-gaap Reinsurance Recoverables Gross
ReinsuranceRecoverablesGross
75800000000 USD
CY2019Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
151000000 USD
CY2020 aig Reinsurance Recoverables Allowance Initial Allowance Upon Adoption
ReinsuranceRecoverablesAllowanceInitialAllowanceUponAdoption
224000000 USD
CY2020 us-gaap Reinsurance Recoverable Credit Loss Expense Reversal
ReinsuranceRecoverableCreditLossExpenseReversal
9000000 USD
CY2020 us-gaap Reinsurance Loss On Uncollectible Accounts In Period Amount
ReinsuranceLossOnUncollectibleAccountsInPeriodAmount
9000000 USD
CY2020Q4 us-gaap Reinsurance Recoverables Allowance
ReinsuranceRecoverablesAllowance
375000000 USD
CY2019Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
11207000000 USD
CY2018Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
12694000000 USD
CY2017Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
10994000000 USD
CY2020 us-gaap Present Value Of Future Insurance Profits Additions From Acquisitions
PresentValueOfFutureInsuranceProfitsAdditionsFromAcquisitions
0 USD
CY2020 us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; border-top: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">Years Ended December 31,</span></p></td><td colspan="4" style="vertical-align: bottom; width: 22%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-top: 0; margin-bottom: 0; text-align: center"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 11%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-top: 0; margin-bottom: 0; text-align: center"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-style: italic; font-size: 8.50pt">(in millions)</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 1pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">2020</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 1pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">2019</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 1pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">2018</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; border-top: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">Liability for unpaid loss and loss adjustment expenses, beginning of year</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">78,328</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">83,639</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">78,393</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">Reinsurance recoverable</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">(</span><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">31,069)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">31,690)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">26,708)</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">Initial allowance upon CECL adoption</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">164</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">-</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">Net Liability for unpaid loss and loss adjustment expenses, beginning of year</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">47,423</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">51,949</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">51,685</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; border-top: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">Losses and loss adjustment expenses incurred:</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">Current year</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">16,928</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">17,596</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">20,534</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">Prior years, excluding discount and amortization of deferred gain</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">(</span><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">90)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">340)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">1,429</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">Prior years, discount charge (benefit)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">587</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">1,063</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">252)</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; border-bottom: solid #1352DE 0.5pt; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">Prior years, amortization of deferred gain on retroactive reinsurance<sup>(a)</sup></span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">(</span><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">237)</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">219)</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">395)</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">Total losses and loss adjustment expenses incurred</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">17,188</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">18,100</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">21,316</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; border-top: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">Losses and loss adjustment expenses paid:</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">Current year</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">(</span><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">4,062)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">4,894)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">5,754)</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; border-bottom: solid #1352DE 0.5pt; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">Prior years</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">(</span><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">14,603)</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">18,020)</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">17,768)</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">Total losses and loss adjustment expenses paid</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">(</span><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">18,665)</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">22,914)</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">23,522)</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; border-top: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">Other changes:</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">Foreign exchange effect</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">815</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">6)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">677)</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">Allowance for credit losses</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">(</span><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">15)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">-</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">Acquisitions<sup>(b)</sup></span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">3,284</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">Retroactive reinsurance adjustment (net of discount)<sup>(c)</sup></span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">361</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">130</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">(</span><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">137)</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; padding-left: 9.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">Fortitude sale<sup>(d)</sup></span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">(</span><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">3,818)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">-</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">-</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">Total other changes</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">(</span><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">2,657)</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">124</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">2,470</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; border-top: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">Liability for unpaid loss and loss adjustment expenses, end of year:</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">Net liability for unpaid losses and loss adjustment expenses</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">43,289</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">47,259</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">51,949</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">Reinsurance recoverable</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">34,431</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">31,069</span></p></td><td style="vertical-align: bottom; width: 2%; border-bottom: solid #1352DE 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="font-family: 'Arial', 'sans-serif'; font-size: 8.00pt"> </span></p></td><td style="vertical-align: bottom; width: 9%; border-bottom: solid #1352DE 0.5pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">31,690</span></p></td></tr><tr style="height: 0.08in"><td style="vertical-align: bottom; width: 67%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0"><p style="margin-top: 0; margin-bottom: 0"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">Total</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #1352DE; font-family: 'Arial', 'sans-serif'; font-weight: bold; font-size: 8.50pt">77,720</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">78,328</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 0.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">$</span></p></td><td style="vertical-align: bottom; width: 9%; border-top: solid #1352DE 0.5pt; border-bottom: solid #1352DE 1pt; padding-left: 0.35pt; padding-right: 3.35pt; padding-top: 0; padding-bottom: 0; text-align: right"><p style="margin-top: 0; margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Arial', 'sans-serif'; font-size: 8.50pt">83,639</span></p></td></tr></table><p style="margin-top: 4.00pt; line-height: 9.00pt; margin-bottom: 0; margin-left: 0.09in; text-indent: -0.09in; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt"> </span></p><p style="margin-top: 4.00pt; line-height: 9.00pt; margin-bottom: 0; margin-left: 0.21in; text-indent: -0.09in; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt; display: inline-block; width: 0.05in"> (a)</span> <span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">Includes $</span><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">41 million, $</span><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">27 million and $</span><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">51 million for the retroactive reinsurance agreement with NICO covering U.S. asbestos exposures for the year ended December 31, 2020, 2019 and 2018, respectively. </span></p><p style="margin-top: 4.00pt; line-height: 9.00pt; margin-bottom: 0; margin-left: 0.21in; text-indent: -0.09in; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt; display: inline-block; width: 0.05in">(b)</span> <span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">Includes amounts related to the acquisition of Glatfelter in October 2018 and Validus in July 2018.</span></p><p style="margin-top: 4.00pt; line-height: 9.00pt; margin-bottom: 0; margin-left: 0.21in; text-indent: -0.09in; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt; display: inline-block; width: 0.05in">(c)</span> <span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">Includes benefit (charge) from change in discount on retroactive reinsurance in the amount of $</span><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">340 million, $</span><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">469 million and $(</span><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">180) million for the periods ended December 31, 2020, 2019 and 2018, respectively.</span></p><p style="margin-top: 4.00pt; line-height: 9.00pt; margin-bottom: 0; margin-left: 0.21in; text-indent: -0.09in; text-align: left"><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt; display: inline-block; width: 0.05in">(d)</span> <span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt">On June 2, 2020, AIG completed the Majority Interest Fortitude Sale. Concurrent with the Majority Interest Fortitude Sale, AIG established a reinsurance recoverable. </span><span style="font-family: 'Arial', 'sans-serif'; font-style: italic; font-size: 7.00pt">Refer to Note 1 for additional information.</span><span style="font-family: 'Arial', 'sans-serif'; font-size: 7.00pt"/></p>
CY2018 us-gaap Deferred Policy Acquisition Cost Unrealized Investment Gain Loss
DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss
1063000000 USD
CY2020 aig Deferred Policy Acquisition Costs Increase Decrease Due To Foreign Currency Translation And Other
DeferredPolicyAcquisitionCostsIncreaseDecreaseDueToForeignCurrencyTranslationAndOther
80000000 USD
CY2019 aig Deferred Policy Acquisition Costs Increase Decrease Due To Foreign Currency Translation And Other
DeferredPolicyAcquisitionCostsIncreaseDecreaseDueToForeignCurrencyTranslationAndOther
42000000 USD
CY2018 aig Deferred Policy Acquisition Costs Increase Decrease Due To Foreign Currency Translation And Other
DeferredPolicyAcquisitionCostsIncreaseDecreaseDueToForeignCurrencyTranslationAndOther
-107000000 USD
CY2020Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
9805000000 USD
CY2019 us-gaap Present Value Of Future Insurance Profits Additions From Acquisitions
PresentValueOfFutureInsuranceProfitsAdditionsFromAcquisitions
0 USD
CY2018 us-gaap Present Value Of Future Insurance Profits Additions From Acquisitions
PresentValueOfFutureInsuranceProfitsAdditionsFromAcquisitions
298000000 USD
CY2020 aig Deferred Policy Acquisition Costs Dispositions
DeferredPolicyAcquisitionCostsDispositions
467000000 USD
CY2019 aig Deferred Policy Acquisition Costs Dispositions
DeferredPolicyAcquisitionCostsDispositions
0 USD
CY2018 aig Deferred Policy Acquisition Costs Dispositions
DeferredPolicyAcquisitionCostsDispositions
0 USD
CY2020 us-gaap Deferred Policy Acquisition Costs Additions
DeferredPolicyAcquisitionCostsAdditions
4292000000 USD
CY2019 us-gaap Deferred Policy Acquisition Costs Additions
DeferredPolicyAcquisitionCostsAdditions
5403000000 USD
CY2018 us-gaap Deferred Policy Acquisition Costs Additions
DeferredPolicyAcquisitionCostsAdditions
5832000000 USD
CY2020 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
4211000000 USD
CY2019 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
5164000000 USD
CY2018 us-gaap Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
5386000000 USD
CY2020 us-gaap Deferred Policy Acquisition Cost Unrealized Investment Gain Loss
DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss
-1096000000 USD
CY2019 us-gaap Deferred Policy Acquisition Cost Unrealized Investment Gain Loss
DeferredPolicyAcquisitionCostUnrealizedInvestmentGainLoss
-1768000000 USD
CY2019Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
11207000000 USD
CY2018Q4 us-gaap Deferred Policy Acquisition Costs
DeferredPolicyAcquisitionCosts
12694000000 USD
CY2020 us-gaap Amortization Of Value Of Business Acquired Voba
AmortizationOfValueOfBusinessAcquiredVOBA
192000000 USD
CY2019 us-gaap Amortization Of Value Of Business Acquired Voba
AmortizationOfValueOfBusinessAcquiredVOBA
171000000 USD
CY2018 us-gaap Amortization Of Value Of Business Acquired Voba
AmortizationOfValueOfBusinessAcquiredVOBA
243000000 USD
CY2020Q4 us-gaap Value Of Business Acquired Voba
ValueOfBusinessAcquiredVOBA
126000000 USD
CY2019Q4 us-gaap Value Of Business Acquired Voba
ValueOfBusinessAcquiredVOBA
317000000 USD
CY2018Q4 us-gaap Value Of Business Acquired Voba
ValueOfBusinessAcquiredVOBA
438000000 USD
CY2020 aig Value Of Business Acquired Write Off
ValueOfBusinessAcquiredWriteOff
169000000 USD
CY2020Q4 us-gaap Present Value Of Future Insurance Profits Percentage Of Amortization Expense Year One
PresentValueOfFutureInsuranceProfitsPercentageOfAmortizationExpenseYearOne
0.112 pure
CY2020Q4 us-gaap Present Value Of Future Insurance Profits Percentage Of Amortization Expense Year Two
PresentValueOfFutureInsuranceProfitsPercentageOfAmortizationExpenseYearTwo
0.104 pure
CY2020Q4 us-gaap Present Value Of Future Insurance Profits Percentage Of Amortization Expense Year Three
PresentValueOfFutureInsuranceProfitsPercentageOfAmortizationExpenseYearThree
0.104 pure
CY2020Q4 us-gaap Present Value Of Future Insurance Profits Percentage Of Amortization Expense Year Four
PresentValueOfFutureInsuranceProfitsPercentageOfAmortizationExpenseYearFour
0.088 pure
CY2020Q4 us-gaap Present Value Of Future Insurance Profits Percentage Of Amortization Expense Year Five
PresentValueOfFutureInsuranceProfitsPercentageOfAmortizationExpenseYearFive
0.088 pure
CY2020Q4 aig Percentageofamountamortizedofendingpresentvalueoffutureinsuranceprofitsthereafter
Percentageofamountamortizedofendingpresentvalueoffutureinsuranceprofitsthereafter
0.504 pure
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
6805000000 USD
CY2020Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
77471000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
5822000000 USD
CY2019Q4 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
132965000000 USD
CY2020Q4 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
148222000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
5026000000 USD
CY2019Q4 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
61482000000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
4009000000 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
3812000000 USD
CY2020Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
3812000000 USD
CY2019Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
2427000000 USD
CY2019Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
2427000000 USD
CY2020Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
2219000000 USD
CY2020Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
1441000000 USD
CY2019Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
1806000000 USD
CY2019Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
527000000 USD
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
774000000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
569000000 USD
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
793000000 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1055000000 USD
CY2020Q4 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
3000000000.0 USD
CY2019Q4 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
2200000000 USD
CY2020Q4 aig Derivative Collateral Obtained Third Parties
DerivativeCollateralObtainedThirdParties
2300000000 USD
CY2019Q4 aig Derivative Collateral Obtained Third Parties
DerivativeCollateralObtainedThirdParties
2200000000 USD
CY2020 us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Gross Of Tax
TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseGrossOfTax
-128000000 USD
CY2019 us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Gross Of Tax
TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseGrossOfTax
116000000 USD
CY2018 us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Gross Of Tax
TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseGrossOfTax
34000000 USD
CY2020Q4 aig Hybrid Instruments Payment Obligation
HybridInstrumentsPaymentObligation
0 USD
CY2020Q4 us-gaap Hybrid Instruments At Fair Value Net
HybridInstrumentsAtFairValueNet
2400000000 USD
CY2019Q4 us-gaap Hybrid Instruments At Fair Value Net
HybridInstrumentsAtFairValueNet
3300000000 USD
CY2020Q4 aig Hybrid Instruments At Par Value
HybridInstrumentsAtParValue
5000000000.0 USD
CY2019Q4 aig Hybrid Instruments At Par Value
HybridInstrumentsAtParValue
7400000000 USD
CY2017Q4 us-gaap Goodwill Gross
GoodwillGross
5071000000 USD
CY2017Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
3477000000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
1594000000 USD
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2544000000 USD
CY2018 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-56000000 USD
CY2019Q4 us-gaap Policyholder Contract Deposits
PolicyholderContractDeposits
151869000000 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
3477000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
4074000000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
106000000 USD
CY2018Q4 us-gaap Goodwill Gross
GoodwillGross
7559000000 USD
CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
3477000000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
4082000000 USD
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
20000000 USD
CY2019 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-64000000 USD
CY2019Q4 us-gaap Goodwill Gross
GoodwillGross
7515000000 USD
CY2019Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
3477000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
4038000000 USD
CY2020 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
6000000 USD
CY2020 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
42000000 USD
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
7551000000 USD
CY2018 aig Intangible Assets Excluding Goodwill Acquired
IntangibleAssetsExcludingGoodwillAcquired
284000000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11000000 USD
CY2018 aig Intangible Assets Excluding Goodwill Other Increase Decrease
IntangibleAssetsExcludingGoodwillOtherIncreaseDecrease
-19000000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
360000000 USD
CY2019 aig Intangible Assets Excluding Goodwill Acquired
IntangibleAssetsExcludingGoodwillAcquired
0 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8000000 USD
CY2019 aig Intangible Assets Excluding Goodwill Other Increase Decrease
IntangibleAssetsExcludingGoodwillOtherIncreaseDecrease
-19000000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
333000000 USD
CY2020 aig Intangible Assets Excluding Goodwill Acquired
IntangibleAssetsExcludingGoodwillAcquired
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CY2020 aig Intangible Assets Excluding Goodwill Dispositions
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4000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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9000000 USD
CY2020 aig Intangible Assets Excluding Goodwill Other Increase Decrease
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-1000000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
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319000000 USD
CY2020Q4 aig Intangible Assets Amortized Percentage Year One
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0.092 pure
CY2020Q4 aig Intangible Assets Amortized Percentage Year Two
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0.093 pure
CY2020Q4 aig Intangible Assets Amortized Percentage Year Three
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0.095 pure
CY2020Q4 aig Intangible Assets Amortized Percentage Year Four
IntangibleAssetsAmortizedPercentageYearFour
0.084 pure
CY2020Q4 aig Intangible Assets Amortized Percentage Year Five
IntangibleAssetsAmortizedPercentageYearFive
0.082 pure
CY2020Q4 aig Intangible Assets Amortized Percentage After Year Five
IntangibleAssetsAmortizedPercentageAfterYearFive
0.554 pure
CY2020Q4 aig Gross Loss Reserves Before Reinsurance And Discount Net Of Subrogation
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12600000000 USD
CY2019Q4 aig Gross Loss Reserves Before Reinsurance And Discount Net Of Subrogation
GrossLossReservesBeforeReinsuranceAndDiscountNetOfSubrogation
12200000000 USD
CY2020Q4 aig Collateral Held For Subrogation
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9200000000 USD
CY2019Q4 aig Collateral Held For Subrogation
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8900000000 USD
CY2020Q4 aig Allowance For Credit Losses On Reinsurance Recoverable Unsecured
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14000000 USD
CY2019Q4 us-gaap Liability For Claims And Claims Adjustment Expense
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CY2017Q4 us-gaap Liability For Claims And Claims Adjustment Expense
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CY2019Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
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31069000000 USD
CY2018Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
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31690000000 USD
CY2017Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
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26708000000 USD
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164000000 USD
CY2019 aig Liability For Unpaid Claims And Claims Adjustment Expense Allowance For Credit Losses Initial Allowance Upon Adoption
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0 USD
CY2018 aig Liability For Unpaid Claims And Claims Adjustment Expense Allowance For Credit Losses Initial Allowance Upon Adoption
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0 USD
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CY2017Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
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16928000000 USD
CY2019 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
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17596000000 USD
CY2018 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
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20534000000 USD
CY2020 aig Changes In Unpaid Net Loss Reserves Related To Losses And Loss Adjustment Incurred In Prior Years Excluding Discount And Deferred Gain Amortization
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CY2019 aig Changes In Unpaid Net Loss Reserves Related To Losses And Loss Adjustment Incurred In Prior Years Excluding Discount And Deferred Gain Amortization
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CY2018 aig Changes In Unpaid Net Loss Reserves Related To Losses And Loss Adjustment Incurred In Prior Years Excluding Discount And Deferred Gain Amortization
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1429000000 USD
CY2020 aig Accreted Fair Value Adjustment To Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years
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587000000 USD
CY2019 aig Accreted Fair Value Adjustment To Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years
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1063000000 USD
CY2018 aig Accreted Fair Value Adjustment To Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims Prior Years
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CY2020 aig Changes In Unpaid Net Loss Reserves Related To Deferred Gain Amortization On Retroactive Reinsurance
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237000000 USD
CY2019 aig Changes In Unpaid Net Loss Reserves Related To Deferred Gain Amortization On Retroactive Reinsurance
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219000000 USD
CY2018 aig Changes In Unpaid Net Loss Reserves Related To Deferred Gain Amortization On Retroactive Reinsurance
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395000000 USD
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17188000000 USD
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18100000000 USD
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21316000000 USD
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5754000000 USD
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14603000000 USD
CY2019 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
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18020000000 USD
CY2018 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
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815000000 USD
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CY2020 aig Liability For Unpaid Claims And Claims Adjustment Expense Allowance For Credit Losses
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CY2019 aig Liability For Unpaid Claims And Claims Adjustment Expense Allowance For Credit Losses
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0 USD
CY2018 aig Liability For Unpaid Claims And Claims Adjustment Expense Allowance For Credit Losses
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0 USD
CY2020 aig Loss And Loss Adjustment Expense Reserves Acquired
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0 USD
CY2019 aig Loss And Loss Adjustment Expense Reserves Acquired
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0 USD
CY2018 aig Loss And Loss Adjustment Expense Reserves Acquired
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3284000000 USD
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CY2019 aig Changes In Unpaid Net Loss Reserves Due To Reinsurance Transaction Net Of Discount
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-130000000 USD
CY2018 aig Changes In Unpaid Net Loss Reserves Due To Reinsurance Transaction Net Of Discount
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137000000 USD
CY2020 aig Changes In Sales And Reinsurance Transaction Adjustment
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3818000000 USD
CY2019 aig Changes In Sales And Reinsurance Transaction Adjustment
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0 USD
CY2018 aig Changes In Sales And Reinsurance Transaction Adjustment
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CY2019 aig Liability For Unpaid Claims And Claims Adjustment Expense Other Net
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124000000 USD
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2470000000 USD
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CY2019Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
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CY2020Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
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CY2019Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
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31069000000 USD
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31690000000 USD
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340000000 USD
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469000000 USD
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CY2019 aig Changes In Unpaid Net Loss Reserves Related To Losses And Loss Adjustment Incurred In Prior Years Excluding Discount And Deferred Gain Amortization
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CY2018 aig Changes In Unpaid Net Loss Reserves Related To Losses And Loss Adjustment Incurred In Prior Years Excluding Discount And Deferred Gain Amortization
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1400000000 USD
CY2020Q4 us-gaap Liability For Claims And Claims Adjustment Expense
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137000000 USD
CY2020 aig Prior Year Claims And Claims Adjustment Expense Re Attribution Of Adc Recovery
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0 USD
CY2020 aig Changes In Unpaid Net Loss Reserves Related To Deferred Gain Amortization On Retroactive Reinsurance At Inception
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211000000 USD
CY2020 aig Prior Year Claims And Claims Adjustment Expense After Re Attribution Of Adc Recovery And Amortization Of Amortization On Retroactive Reinsurance At Inception
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CY2020 aig Changes In Unpaid Net Loss Reserves Related To Deferred Gain Amortization On Retroactive Reinsurance At Inception
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211000000 USD
CY2020 aig Changes In Unpaid Net Loss Reserves Related To Losses And Loss Adjustment Incurred In Prior Years Excluding Discount And Deferred Gain Amortization
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-90000000 USD
CY2020Q4 aig Loss Reserve Discount
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725000000 USD
CY2019Q4 aig Loss Reserve Discount
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1500000000 USD
CY2020Q4 aig Workers Compensation Discount Amount Tabular
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285000000 USD
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582000000 USD
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440000000 USD
CY2019Q4 aig Workers Compensation Discount Amount Non Tabular
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967000000 USD
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CY2020Q4 aig Loss Reserve Discount
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725000000 USD
CY2019Q4 aig Loss Reserve Discount
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191000000 USD
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119000000 USD
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340000000 USD
CY2019 aig Increase Decrease In Loss Reserve Discount Due To Reinsurance Transaction
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469000000 USD
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365000000 USD
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233000000 USD
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202000000 USD
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