

(in millions)		Adjusted Revenues	Net Investment Income			Interest Expense	Amortization of DAC			Adjusted Pre-tax Income (Loss)
2023
General Insurance
North America	$	11,921			$	—	$	1,671	$	1,207	(a)
International		13,170				—		1,952		1,142	(a)
Net investment income		3,022	$	3,022		—		—		3,022
Total General Insurance		28,113		3,022		—		3,623		5,371
Life and Retirement
Individual Retirement		6,264		4,917		2		567		2,310
Group Retirement		2,734		1,999		1		82		758
Life Insurance		5,092		1,283		—		403		358
Institutional Markets		7,391		1,587		1		9		379
Total Life and Retirement		21,481		9,786		4		1,061		3,805
Other Operations
Other Operations before consolidation and eliminations		381		287		1,107		—		(1,765)
AIG consolidation and eliminations		(6)		(1)		(6)		—		(10)
Total Other Operations		375		286		1,101		—		(1,775)
Total		49,969		13,094		1,105		4,684		7,401
Reconciling items:
Changes in fair value of securities used to hedge guaranteed living benefits		55		55		—		—		(16)
Change in the fair value of market risk benefits, net(b)		—		—		—		—		(2)
Changes in benefit reserves related to net realized gains (losses)		—		—		—		—		6
Changes in the fair value of equity securities		94		94		—		—		94
Other income (expense) - net		(27)		31		31		—		—
Gain (loss) on extinguishment of debt		—		—		—		—		37
Net investment income on Fortitude Re funds withheld assets		1,544		1,544		—		—		1,544
Net realized gains (losses) on Fortitude Re funds withheld assets		(295)		—		—		—		(295)
Net realized gains (losses) on Fortitude Re funds withheld embedded derivative		(2,007)		—		—		—		(2,007)
Net realized gains (losses)(c)		(2,536)		(227)		—		—		(2,496)
Net gain (loss) on divestitures and other		—		—		—		—		643
Non-operating litigation reserves and settlements		1		—		—		—		(1)
Favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements		—		—		—		—		62
Net loss reserve discount benefit (charge)		—		—		—		—		(195)



(in millions)		Adjusted Revenues	Net Investment Income			Interest Expense	Amortization of DAC			Adjusted Pre-tax Income (Loss)
Pension expense related to a one-time lump sum payment to former employees		—		—		—		—		(84)
Integration and transaction costs associated with acquiring or divesting businesses		—		—		—		—		(252)
Restructuring and other costs		—		—		—		—		(553)
Non-recurring costs related to regulatory or accounting changes		—		—		—		—		(40)
Net impact from elimination of international reporting lag(d)		4		1		—		124		12
Revenues and pre-tax income	$	46,802	$	14,592	$	1,136	$	4,808	$	3,858



(in millions)		Adjusted Revenues	Net Investment Income			Interest Expense	Amortization of DAC			Adjusted Pre-tax Income (Loss)
2022
General Insurance
North America	$	12,071			$	—	$	1,585	$	648	(a)
International		13,269				—		1,948		1,400	(a)
Net investment income		2,382	$	2,382		—		—		2,382
Total General Insurance		27,722		2,382		—		3,533		4,430
Life and Retirement
Individual Retirement		5,325		3,898		11		519		1,676
Group Retirement		2,744		2,005		6		80		786
Life Insurance		5,364		1,393		4		415		521
Institutional Markets		4,160		1,051		2		7		334
Total Life and Retirement		17,593		8,347		23		1,021		3,317
Other Operations
Other Operations before consolidation and eliminations		827		714		1,131		5		(1,542)
AIG consolidation and eliminations		(435)		(446)		(56)		(2)		(405)
Total Other Operations		392		268		1,075		3		(1,947)
Total		45,707		10,997		1,098		4,557		5,800
Reconciling items:
Changes in fair value of securities used to hedge guaranteed living benefits		55		55		—		—		30
Change in the fair value of market risk benefits, net(b)		—		—		—		—		958
Changes in benefit reserves related to net realized gains (losses)		—		—		—		—		14
Changes in the fair value of equity securities		(53)		(53)		—		—		(53)
Other income (expense) - net		(29)		28		28		—		—
Gain (loss) on extinguishment of debt		—		—		—		—		(303)
Net investment income on Fortitude Re funds withheld assets		943		943		—		—		943
Net realized gains (losses) on Fortitude Re funds withheld assets		(486)		—		—		—		(486)
Net realized gains (losses) on Fortitude Re funds withheld embedded derivative		7,481		—		—		—		7,481
Net realized gains (losses)(b)		(195)		(244)		(1)		—		(173)
Net gain (loss) on divestitures and other		—		—		—		—		(82)
Non-operating litigation reserves and settlements		49		—		—		—		41
Favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements		—		—		—		—		160
Net loss reserve discount benefit (charge)		—		—		—		—		703
Pension expense related to a one-time lump sum payment to former employees		—		—		—		—		(60)
Integration and transaction costs associated with acquiring or divesting businesses		—		—		—		—		(194)
Restructuring and other costs		—		—		—		—		(570)
Non-recurring costs related to regulatory or accounting changes		—		—		—		—		(37)
Net impact from elimination of international reporting lag(d)		978		41		—		—		127
Revenues and pre-tax income	$	54,450	$	11,767	$	1,125	$	4,557	$	14,299



(in millions)		Adjusted Revenues	Net Investment Income			Interest Expense	Amortization of DAC			Adjusted Pre-tax Income (Loss)
2021
General Insurance
North America	$	10,989			$	—	$	1,333	$	(47)	(a)
International		14,068				—		2,197		1,102	(a)
Net investment income		3,304	$	3,304		—		—		3,304
Total General Insurance		28,361		3,304		—		3,530		4,359
Life and Retirement
Individual Retirement		5,922		4,338		61		447		2,297
Group Retirement		3,249		2,410		35		78		1,258
Life Insurance		5,286		1,619		25		427		453
Institutional Markets		5,117		1,154		9		6		546
Total Life and Retirement		19,574		9,521		130		958		4,554
Other Operations
Other Operations before consolidation and eliminations		1,338		1,112		1,220		37		(1,418)
AIG consolidation and eliminations		(991)		(996)		(65)		(1)		(932)
Total Other Operations		347		116		1,155		36		(2,350)
Total		48,282		12,941		1,285		4,524		6,563
Reconciling items:
Changes in fair value of securities used to hedge guaranteed living benefits		60		60		—		—		61
Change in the fair value of market risk benefits, net(b)		—		—		—		—		447
Changes in benefit reserves related to net realized gains (losses)		—		—		—		—		(15)
Changes in the fair value of equity securities		(237)		(237)		—		—		(237)
Other income (expense) - net		(24)		33		33		—		—
Gain (loss) on extinguishment of debt		—		—		—		—		(389)
Net investment income on Fortitude Re funds withheld assets		1,971		1,971		—		—		1,971
Net realized gains (losses) on Fortitude Re funds withheld assets		1,003		—		—		—		1,003
Net realized gains (losses) on Fortitude Re funds withheld embedded derivative		(603)		—		—		—		(603)
Net realized gains (losses)(b)		1,705		(156)		(13)		—		1,744
Net gain (loss) on divestitures and other		—		—		—		—		3,044
Non-operating litigation reserves and settlements		—		—		—		—		(3)
Favorable prior year development and related amortization changes ceded under retroactive reinsurance agreements		—		—		—		—		186
Net loss reserve discount benefit (charge)		—		—		—		—		193
Pension expense related to a one-time lump sum payment to former employees		—		—		—		—		(34)
Integration and transaction costs associated with acquiring or divesting businesses		—		—		—		—		(83)
Restructuring and other costs		—		—		—		—		(433)
Non-recurring costs related to regulatory or accounting changes		—		—		—		—		(68)
Revenues and pre-tax income	$	52,157	$	14,612	$	1,305	$	4,524	$	13,347