American International Group, Inc.

NYSE-AIG

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Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Income	3,267	-926	3,878	11,273	10,906	-5,829	4,169	61	-6,056	-349	2,222
Net Income
Depreciation & Amortization	3,597	3,597	3,841	3,861	4,542	4,120	5,006	5,362	3,874	4,090	4,629
Amortization of Deferred Policy Acquisition Costs
Depreciation Expenses, Principally Flight Equipment
Depreciation and Other Amortization
Other Adjustments	-73	3,063	598	-5,232	-7,005	6,963	-1,544	705	606	1,220	153
Unrealized Market Valuation Losses on AIGFP Super Senior Credit Default Swap Portfolio
Loss from Discontinued Operations
Net Losses on Sales of Securities Available for Sale and Other Assets
Foreign Exchange Transaction Gains and Losses
Net Unrealized Losses on Non-Aigfp Derivative Assets and Liabilities
Net Unrealized Losses on Non-Aigfp Derivatives and Other Assets and Liabilities
Net Gain on Divestitures and Other
Gain on Extinguishment of Debt
Unrealized Gains in Earnings - Net
Cash Flows from Operating Activities > Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities > Noncash Revenues, Expenses, Gains and Losses Included in Income > Change in the Fair Value of Market Risk Benefits in Earnings, Net
Equity in Income from Equity Method Investments, Net of Dividends or Distributions
Amortization of Premium and Discount on Securities and Long-Term Borrowings
Provision for Mortgage, Other Loans and Finance Receivables
Other-Than-Temporary Impairments
Amortization of Costs and Accrued Interest and Fees Related to FRBNY Credit Facility
Impairments of Assets
Changes in Receivables	-964	-571	544	-1,681	-724	2,586	437	887	410	536	-70
Premiums and Insurance Balances Receivable and Payable - Net (from Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities)
Premiums and Other Receivables and Payables - Net
Changes in Reinsurance Contract Assets	1,654	727	-204	2,794	-1,044	-693	217	-3,289	-10,870	-1,804	1,525
Reinsurance Assets, Net
Changes in Deferred Acquisition Costs	-3,430	-3,519	-4,157	-3,732	-4,969	-4,292	-5,403	-5,832	-4,819	-5,216	-5,808
Capitalization of Deferred Policy Acquisition Costs
Changes in Accrued Expenses	—	—	—	—	—	—	—	—	—	—	—
Cash Flows from Operating Activities > Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities > Changes in Operating Assets and Liabilities > Commissions, Expenses and Taxes Payable
Commissions, Expenses and Taxes Payable
Changes in Claims Reserves	-983	341	823	-4,486	4,472	461	-4,590	1,239	2,637	5,325	1,645
Insurance Reserves
Changes in Income Taxes Payable	1,190	468	-338	199	1,579	-2,434	912	—	6,981	-308	548
Income Taxes Receivable and Payable - Net
Current and Deferred Income Taxes - Net
Changes in Other Operating Activities	—	93	1,258	1,138	-1,534	156	-1,005	467	-581	8	-1,967
Investment Income Due and Accrued
Funds Held Under Reinsurance Treaties
Other Policyholders' Funds
Other Policyholder Funds
Other Assets and Liabilities - Net
Bonds, Common and Preferred Stocks Trading
Trade Receivables and Payables - Net
Trading Securities
Change in Spot Commodities
Net Unrealized Loss on Swaps, Options and Forward Transactions
Net Unrealized Loss on Swaps, Options and Forward Transactions (Net of Collateral)
Securities Purchased Under Agreements to Resell
Securities Sold Under Agreements to Repurchase
Securities Sold Under Agreements to Repurchase, Net of Securities Purchased Under Agreements to Resell
Securities and Spot Commodities Sold but Not Yet Purchased
Finance Receivables and Other Loans Held for Sale - Originations and Purchases
Sales of Finance Receivables and Other Loans - Held for Sale
Payment of FRBNY Credit Facility Accrued Compounded Interest and Fees
Other, Net
Other, Net
Net Cash Provided by Operating Activities - Discontinued Operations
Cash from Operating Activities	2,803	3,273	6,243	4,134	6,223	1,038	-1,807	-394	-7,818	3,502	2,877
Net Cash Provided by Operating Activities

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Capital Expenditure	—	—	—	—	—	—	—	—	—	—	—
Purchases of Flight Equipment
Purchases of Other Invested Assets (Including Flight Equipment)
Purchases of Flight Equipment (Including Progress Payments)
Purchases of Other Invested Assets (Including Flight Equipment)
Net Additions to Real Estate, Fixed Assets, and Other Assets
Proceeds from Sale of Property, Plant & Equipment	—	—	—	—	—	—	—	—	—	—	—
Sales or Distributions of Other Invested Assets (Including Flight Equipment)
Sales of Flight Equipment
Purchases of Investments	-31,073	-24,284	-24,300	-21,496	-88,419	-68,413	-68,909	-58,552	-63,246	-69,985	-65,265
Available for Sale Securities
Purchases of Equity Securities Available for Sale
Purchases of Fixed Maturity Securities Held to Maturity
Purchases of Trading Securities
Purchases of Trading Securities
Trading Securities
Other Securities
Other Invested Assets
Mortgage and Other Loans Receivable
Mortgage and Other Loans Receivable
Finance Receivables Held for Investment - Originations and Purchases
Finance Receivables Held for Investment - Originations and Purchases
Proceeds from Sale of Investments	34,574	31,144	26,910	25,288	76,363	64,957	65,562	62,312	76,540	74,537	72,616
Sales and Maturities of Fixed Maturity Securities Available for Sale and Hybrid Investments
Sales of Fixed Maturity Securities Available for Sale and Hybrid Investments
Sales of Available for Sale Investments
Sales of Available for Sale Investments
Available for Sale Investments
Trading Securities
Available for Sale Securities
Other Securities
Other Invested Assets
Maturities of Fixed Maturity Securities Available for Sale
Sales of Equity Securities Available for Sale
Proceeds from Fixed Maturity Securities Held to Maturity
Maturities of Fixed Maturity Securities Held to Maturity
Sales of Trading Securities
Sales of Trading Securities
Sales or Distributions of Other Invested Assets
Principal Payments Received on and Sales of Mortgage and Other Loans Receivable
Proceeds from Principal Payments Received on Finance Receivables Held for Investment
Principal Payments Received on and Sales of Finance Receivables Held for Investment
Payments for Business Acquisitions	—	—	—	—	—	—	—	-5,717	—	-3,089	—
Acquisition of Businesses, Net of Cash and Restricted Cash Acquired
Proceeds from Business Divestments	—	587	2,568	—	4,683	2,173	2	10	792	2,809	—
Divestitures, Net
Other Investing Activities	-458	-4,237	-6,288	-7,636	-995	6	1,503	200	-2,143	—	-52
Funding to Establish Maiden Lane III LLC
Cash Flows from Investing Activities > Proceeds from > Change in Securities Lending Invested Collateral
Net Additions to Real Estate, Fixed Assets, and Other Assets
Net Change in Restricted Cash
Net Change in Restricted Cash
Net Change in Non-Aigfp Derivative Assets and Liabilities
Net Change in Derivative Assets and Liabilities Other Than Capital Markets
Net Change in Derivative Assets and Liabilities Other Than AIGFP
Other, Net
Net Cash Provided by Investing Activities - Discontinued Operations
Cash from Investing Activities	5,912	1,672	-7,021	-3,626	-3,280	-6,202	-5,475	-223	14,041	3,252	8,462
Net Cash Provided by Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Issuance of Short-Term Debt	—	—	—	—	—	—	—	—	—	—	—
Cash Flows from Financing Activities > Proceeds from > Change in Other Deposits
Cash Flows from Financing Activities > Proceeds from > Change in Commercial Paper and Extendible Commercial Notes
Change in Federal Reserve Bank of New York Commercial Paper Funding Facility Borrowings
Repayments of Short-Term Debt	—	—	—	—	—	—	—	—	—	—	—
Change in Commercial Paper and Other Short-Term Debt
Net Change in Short-Term Debt
Net Issuance / (Repayments) of Short-Term Debt	—	—	—	—	—	—	—	—	—	—	—
Issuance of Long-Term Debt	—	661	742	97	4,445	6,324	3,881	4,734	3,356	5,954	6,867
Federal Reserve Bank of New York Credit Facility Borrowings
Issuance of Other Long-Term Debt
Federal Reserve Bank of New York Credit Facility Borrowings
Proceeds from Issuance of Other Long-Term Debt
FRBNY Credit Facility Borrowings
Issuance of Long-Term Debt
Issuance of Debt of Consolidated Investment Entities
Repayments of Long-Term Debt	-2.5	-2,048	-2,349	-9,760	-8,641	-4,706	-3,202	-3,672	-3,698	-4,082	-9,805
Federal Reserve Bank of New York Credit Facility Repayments
Federal Reserve Bank of New York Credit Facility Repayments
FRBNY Credit Facility Repayments
Repayments of Long-Term Debt
Repayments of Debt of Consolidated Investment Entities
Net Issuance / (Repayments) of Long-Term Debt	-2.5	-1,387	-1,607	-9,663	-4,196	1,618	679	1,062	-342	1,872	-2,938
Issuance of Common Shares	—	—	—	—	—	—	—	—	—	—	—
Issuance of Common Stock
Proceeds from Issuance of Treasury Stock
Repurchases of Common Shares	-7,074	-6,652	-2,961	-5,200	-2,592	-500	—	-1,739	-6,275	-11,460	-10,691
Purchase of Common Stock
Acquisition of Treasury Stock
Net Issuance / (Repurchases) of Common Shares	-7,074	-6,652	-2,961	-5,200	-2,592	-500	—	-1,739	-6,275	-11,460	-10,691
Issuance of Preferred Shares	—	—	—	—	—	—	485	—	—	—	—
Proceeds from Issuance of Series D Preferred Stock
Proceeds from Drawdown on the Department of the Treasury Commitment
Proceeds from Issuance of Preferred Stock, Net of Issuance Costs
Repurchases of Preferred Shares	—	-22	-29	-29	—	—	—	—	—	—	—
Redemption of Subsidiary Company Preferred Stock
Repayment of Department of the Treasury SPV Preferred Interests
Repayment of FRBNY SPV Preferred Interests
Redemption of Preferred Stock
Net Issuance / (Repurchases) of Preferred Shares	—	-22	-29	-29	—	—	485	—	—	—	—
Common Share Dividends Paid	629	605	2,846	1,369	-1,083	-1,103	-1,114	-1,138	-31	-1,372	-1,028
Dividends on Common Stock
Dividends on Common Stock
Preferred Share Dividends Paid	—	-1,002	-997	-982	-29	-29	-22	—	-1,172	—	—
Dividends on Preferred Stock and Preferred Stock Redemption Premiums
Dividends on Preferred Stock and Preferred Stock Redemption Premiums
Other Financing Activities	—	7,410	4,312	13,301	4,221	5,072	7,230	3,064	2,102	4,127	3,228
Proceeds from Policyholder Contract Deposits
Policyholder Contract Withdrawals
Cash Flows from Financing Activities > Proceeds from > Change in Securities Lending Payable
Acquisition of Noncontrolling Interest
Other, Net
Net Cash Provided by Financing Activities - Discontinued Operations
Cash from Financing Activities	-8,748	-5,063	-1,966	-15,107	-3,679	5,058	7,258	1,249	-5,697	-6,833	-11,429
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Free Cash Flow	2,803	3,273	6,243	4,134	6,223	1,038	-1,807	-394	-7,818	3,502	2,877
NOPAT	3,199.2	2,602.3	3,226.7	3,701.4	9,802.9	2,160.3	5,308.9	615.2	-10,586.4	2,502.5	3,609
Levered Free Cash Flow	9,526.5	-2,851	6,050	15,022	15,083	-13,442	7,080	-2,242	-17,925	-2,207	381
Unlevered Free Cash Flow	6,210.2	3,968.3	3,626.7	7,961.4	8,376.9	-982.7	5,035.9	-2,676.8	-16,001.4	-727.5	2,536
Net Change in Cash	-33	-118	-2,744	-14,599	-736	-106	-24	632	526	-79	-90