Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Capital structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
Capital mix
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
Multi-year momentum
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.
Doing some research...
Commentary
Commentary on American International Group, Inc. Balance Sheet
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated Mar 6, 2026. The filing-backed figures above are the current source of truth.
Over the five-year period AIG’s balance sheet shows large moves in scale and leverage. Total assets fell from $596.1b in 2021 to $161.3b in 2025 (a ~73% decline), with the biggest step-down occurring between 2023 ($539.3b) and 2024 ($161.3b). Liabilities followed a similar pattern, declining from $527.2b (2021) to $120.1b (2025). Stockholders’ equity declined from $66.0b in 2021 to $41.1b in 2025 (≈–38%), but was more stable over 2022–2025, moving between $40.0b and $45.4b. Because assets and liabilities fell proportionally more than equity in 2024–25, the equity-to-assets ratio rose sharply (from about 11% in 2021 and 7–9% in 2022–23 to roughly 25–26% in 2024–25), and leverage (assets/equity) fell from ~9–13x in 2021–23 to ~3.9x in 2024–25.
Those patterns are consistent with a material downsizing or reconfiguration of the company’s consolidated activities rather than a pure solvency deterioration: the simultaneous large reduction in both assets and liabilities could reflect major divestitures, transfers of insurance liabilities (e.g., reinsurance or runoff deals), deconsolidation of businesses, or accounting reclassifications. The higher equity-to-assets ratio and lower leverage improve apparent capitalization but at the cost of a much smaller operating balance sheet; the roughly one-third decline in equity since 2021 suggests capital returns, realized losses, or capital actions also contributed. To understand the drivers and implications (growth prospects, recurring earnings capacity, regulatory capital and liquidity), review the company’s filings/notes for 2023–2024 for descriptions of disposals, reinsurance/transfer transactions, or consolidation changes.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.
