v3.25.4
Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
The following table lists our total debt outstanding at December 31, 2025 and 2024. The interest rates presented in the following table are the range of contractual rates in effect at December 31, 2025, including fixed and variable-rates:
At December 31, 2025Range of
Interest Rate(s)		Maturity
Date(s)		Balance at
December 31, 2025		Balance at
December 31, 2024
(in millions)
General borrowings:
Notes and bonds payable
1.58% - 6.82%
2026 - 2055
$8,529 $7,885 
Junior subordinated debt
5.75% - 8.18%
2037 - 2058
481 602 
AIG Japan Holdings Kabushiki Kaisha— 239 
Total general borrowings9,010 8,726 
Borrowings supported by assets
3.77% - 7.00%
2026 - 2046
25 37 
Other subsidiaries' notes, bonds, loans and mortgages payable - not guaranteed by AIG— 1 
Total long-term debt9,035 8,764 
Debt of consolidated investment entities - not guaranteed by AIG*
4.15% - 4.48%
2026 - 2028
156 158 
Total debt$9,191 $8,922 
*Includes debt of consolidated investment entities related to real estate investments of $156 million at December 31, 2025 and $158 million at December 31, 2024.
Schedule of Maturities of Long-Term Debt
The following table presents maturities of long-term debt (including unamortized original issue discount, hedge accounting valuation adjustments and fair value adjustments, when applicable):
December 31, 2025Year Ending
(in millions)Total20262027202820292030Thereafter
General borrowings:
Notes and bonds payable
$8,529 $29 $963 $692 $205 $959 $5,681 
Junior subordinated debt481 — — — — — 481 
Total general borrowings9,010 29 963 692 205 959 6,162 
Borrowings supported by assets25 7 — — — — 18 
Total long-term debt*
$9,035 $36 $963 $692 $205 $959 $6,180 
*Does not reflect $156 million of notes issued by consolidated investment entities, for which recourse is limited to the assets of the respective investment entities and for which there is no recourse to the general credit of AIG.