American International Group, Inc. (AIG) Balance Sheet
AIG balance sheet, 2025
December 31, 2025 · U.S. dollars$161.25B assets = $120.09B liabilities + $41.16B equity
Both columns are drawn to the same scale: what AIG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AIG financial health
Debt / equity0.22
Low leverage · $0.22 of debt for each $1 of equity
Cash / debt417.9%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles3.4%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
AIG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $498.26B2016 | $161.25B2025 | −11.8%/yr | |
| Total liabilities | $421.41B2016 | $120.09B2025 | −13.0%/yr | |
| Shareholders’ equity | $76.86B2016 | $41.14B2025 | −6.7%/yr | |
| Cash & short-term investments | $255.71B2016 | $38.41B2025 | −19.0%/yr | |
| Total debt | $30.91B2016 | $9.19B2025 | −12.6%/yr | |
| Net cash (debt) | $224.79B2016 | $29.22B2025 | −$195.6B | |
| Working capital | −$343.64B2016 | −$15.05B2025 | +$328.6B | |
| Book value per share | $70.442016 | $72.142025 | +0.3%/yr | |
| Debt / equity | 0.402016 | 0.222025 | −0.18 | |
| Shares outstanding | 1.09B2016 | 570.3M2025 | −7.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AIG assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
AIG liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
AIG debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AIG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $38.41B | $79.72B | $79.65B | $240.57B | $292.76B | $292.53B | $267.17B | $241.94B | $251.74B | $255.71B |
| Cash & equivalents | $1.27B | $1.30B | $1.54B | $2.04B | $2.20B | $2.83B | $2.86B | $2.87B | $2.36B | $1.87B |
| Short-term investments | $37.13B | $78.41B | $78.11B | $238.53B | $290.56B | $289.70B | $264.32B | $239.06B | $249.38B | $253.84B |
| Receivables | $49.13B | $49.11B | $49.68B | $13.24B | $12.41B | $11.33B | $10.27B | $11.01B | $10.25B | $10.46B |
| Inventory | $0 | $0 | −$231.15B | −$179.46B | −$37.84B | −$45.59B | −$39.38B | −$35.96B | −$245.96B | −$254.08B |
| Other current assets | $71.0M | $70.0M | $231.18B | $0 | $37.84B | $45.59B | $39.38B | $35.96B | $33.74B | $35.32B |
| Total current assets | $87.61B | $128.89B | $129.36B | $61.98B | $305.17B | $303.86B | $277.45B | $252.95B | $49.77B | $47.41B |
| Property, plant & equipment (net) | $0 | $0 | $1.38B | $1.59B | $289.92B | $287.50B | $262.73B | $240.59B | $2.52B | $2.66B |
| Goodwill & intangible assets | $5.54B | $5.44B | $5.87B | $20.24B | $15.44B | $14.82B | $16.43B | $17.70B | $12.69B | $12.57B |
| Long-term investments | $83.36B | $79.92B | $254.90B | $311.53B | $361.53B | $362.94B | $339.95B | $316.60B | $324.65B | $330.67B |
| Other non-current assets | $0 | $0 | $147.80B | $131.29B | $0 | $0 | $0 | $0 | $108.67B | $104.95B |
| Total assets | $161.25B | $161.32B | $539.31B | $526.63B | $596.11B | $586.48B | $525.06B | $491.98B | $498.30B | $498.26B |
| Liabilities | ||||||||||
| Accounts payable | $5.45B | $6.05B | $6.22B | $30.38B | $79.03B | $77.72B | $78.33B | $83.64B | $78.39B | $77.08B |
| Short-term debt | $165.0M | $541.0M | $250.0M | $1.50B | $68.0M | $1.90B | $1.54B | $1.39B | $2.29B | $30.91B |
| Deferred revenue | $17.99B | $17.23B | $17.38B | $15.14B | $19.31B | — | — | — | $14.03B | — |
| Total current liabilities | $102.66B | $101.04B | $102.42B | $51.68B | $4.81B | $6.08B | $41.89B | $401.08B | $401.49B | $391.05B |
| Long-term debt | $9.15B | $8.52B | $10.61B | $57.56B | $70.93B | $80.59B | $35.35B | $34.54B | $31.64B | $30.91B |
| Other long-term liabilities | $8.28B | $9.21B | $374.98B | $375.15B | $0 | $0 | $0 | $400.13B | $400.95B | $390.49B |
| Total liabilities | $120.09B | $118.77B | $488.00B | $484.40B | $30.16B | $37.53B | $35.35B | $434.68B | $432.59B | $421.41B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $4.77B | $4.77B | $4.77B | $4.77B | $4.77B | $4.77B | $4.77B | $4.77B | $85.72B | $86.28B |
| Retained earnings (deficit) | $37.19B | $35.08B | $37.52B | $33.03B | $23.79B | $15.50B | $23.08B | $20.88B | $21.46B | $28.71B |
| Treasury stock | — | — | — | −$56.47B | −$51.62B | −$49.32B | −$48.99B | −$49.14B | −$47.59B | −$41.47B |
| Accumulated other comprehensive income | −$4.99B | −$7.10B | −$14.04B | −$22.09B | $6.69B | $13.51B | $4.98B | −$1.41B | $5.46B | $3.23B |
| Minority interest | $23.0M | $29.0M | $5.95B | $2.23B | $2.96B | $837.0M | $1.75B | $948.0M | $537.0M | $558.0M |
| Total shareholders' equity | $41.14B | $42.52B | $45.35B | $42.23B | $565.95B | $548.95B | $489.71B | $57.31B | $65.71B | $76.86B |
| Key figures | ||||||||||
| Total debt | $9.19B | $8.92B | $10.86B | $59.06B | $71.00B | $82.49B | $36.89B | $35.93B | $33.92B | $30.91B |
| Net cash (debt) | $29.22B | $70.79B | $68.79B | $181.51B | $221.75B | $210.04B | $230.29B | $206.01B | $217.81B | $224.79B |
| Working capital | −$15.05B | $27.85B | $26.94B | $10.30B | $300.36B | $297.78B | $235.56B | −$148.13B | −$351.72B | −$343.64B |
| Tangible book value | $35.60B | $37.08B | $39.48B | $21.99B | $550.51B | $534.13B | $473.28B | $39.60B | $53.01B | $64.29B |
| Book value per share | $72.14 | $64.69 | $62.53 | $53.60 | $654.36 | $631.47 | $550.54 | $62.97 | $70.61 | $70.44 |
| Shares outstanding | 570.3M | 657.3M | 725.2M | 787.9M | 864.9M | 869.3M | 889.5M | 910.1M | 930.6M | 1.09B |
| Current ratio | 0.85 | 1.28 | 1.26 | 1.20 | 63.44 | 50.02 | 6.62 | 0.63 | 0.12 | 0.12 |
| Quick ratio | 0.85 | 1.27 | 1.26 | 4.91 | 63.44 | 50.02 | 6.62 | 0.63 | 0.65 | 0.68 |
| Debt / equity | 0.22 | 0.21 | 0.24 | 1.40 | 0.13 | 0.15 | 0.08 | 0.63 | 0.52 | 0.40 |
| Equity / assets | 25.5% | 26.4% | 8.4% | 8.0% | 94.9% | 93.6% | 93.3% | 11.6% | 13.2% | 15.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $83.73B | $34.91B | $38.41B | $36.89B | $35.92B | $34.48B | $79.72B | $32.98B | $77.73B | $255.58B | $79.65B | $235.34B |
| Cash & equivalents | $1.49B | $1.45B | $1.27B | $1.59B | $1.82B | $1.39B | $1.30B | $1.47B | $1.38B | $1.82B | $1.54B | $1.99B |
| Short-term investments | $82.24B | $33.45B | $37.13B | $35.30B | $34.09B | $33.09B | $78.41B | $31.50B | $76.35B | $253.76B | $78.11B | $233.34B |
| Receivables | $52.27B | $51.21B | $49.13B | $50.70B | $52.84B | $51.08B | $49.11B | $52.10B | $52.89B | $82.56B | $49.68B | $81.02B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$18.29B | −$230.47B | −$40.41B | −$212.57B |
| Other current assets | $2.22B | $74.0M | $71.0M | $2.0M | $14.0M | $13.0M | $70.0M | $15.0M | $20.41B | $242.58B | $40.44B | $224.56B |
| Total current assets | $138.22B | $86.19B | $87.61B | $87.59B | $88.77B | $85.58B | $128.89B | $85.09B | $132.75B | $350.25B | $129.36B | $328.36B |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $1.81B | $0 | −$20.21B | −$12.11B | $1.38B | −$12.00B |
| Goodwill & intangible assets | $3.42B | $5.55B | $5.54B | $5.57B | $5.60B | $5.41B | $5.44B | $5.64B | $5.53B | $12.11B | $5.87B | $12.00B |
| Long-term investments | $82.18B | $80.96B | $83.36B | $82.17B | $80.46B | $78.11B | $79.92B | $79.36B | $76.35B | $253.76B | $254.90B | $233.34B |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $147.80B | $0 |
| Total assets | $163.46B | $161.54B | $161.25B | $163.41B | $165.97B | $161.86B | $161.32B | $169.45B | $167.89B | $544.12B | $539.31B | $521.52B |
| Liabilities | ||||||||||||
| Accounts payable | $7.45B | $6.48B | $5.45B | $6.21B | $7.69B | $7.34B | $6.05B | $6.71B | $7.73B | — | $6.22B | $69.82B |
| Short-term debt | — | — | $0 | $0 | $0 | $1.0M | $240.0M | $0 | — | $250.0M | $250.0M | $1.00B |
| Deferred revenue | $20.04B | $18.92B | $17.99B | $19.56B | $20.05B | $18.09B | $17.23B | $18.93B | $18.74B | $17.83B | $17.38B | $18.41B |
| Total current liabilities | $101.75B | $104.08B | $102.66B | $104.14B | $106.30B | $103.54B | $101.04B | $105.50B | $101.16B | $217.23B | $102.42B | $215.13B |
| Long-term debt | $9.13B | $9.16B | $9.15B | $9.23B | $9.24B | $8.59B | $8.52B | $10.05B | $9.94B | $21.68B | $22.14B | $23.05B |
| Other long-term liabilities | $11.96B | $7.88B | $8.28B | $8.93B | $8.90B | $8.27B | $9.21B | $8.82B | $12.31B | $256.10B | $363.45B | $240.12B |
| Total liabilities | $122.84B | $121.11B | $120.09B | $122.30B | $124.44B | $120.41B | $118.77B | $124.38B | $123.42B | $495.01B | $488.00B | $478.31B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $4.77B | $4.77B | $4.77B | $4.77B | $4.77B | $4.77B | $4.77B | $4.77B | $4.77B | $4.77B | $4.77B | $4.77B |
| Retained earnings (deficit) | $38.39B | $37.70B | $37.19B | $36.70B | $36.42B | $35.54B | $35.08B | $34.43B | $34.23B | $38.47B | $37.52B | $37.69B |
| Accumulated other comprehensive income | −$5.61B | −$5.71B | −$4.99B | −$5.05B | −$5.55B | −$6.46B | −$7.10B | −$5.72B | −$7.57B | −$14.87B | −$14.04B | −$22.53B |
| Minority interest | $20.0M | $24.0M | $23.0M | $32.0M | $28.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | $40.61B | $40.41B | $41.14B | $41.09B | $41.50B | $41.43B | $42.52B | $45.04B | $44.45B | $43.38B | $45.35B | $39.98B |
| Key figures | ||||||||||||
| Total debt | $9.13B | $9.16B | $9.19B | $9.24B | $9.26B | $8.75B | $8.92B | $10.05B | $9.94B | $21.93B | $10.86B | $24.05B |
| Net cash (debt) | $74.60B | $25.75B | $29.22B | $27.64B | $26.66B | $25.73B | $70.79B | $22.92B | $67.79B | $233.65B | $68.79B | $211.28B |
| Working capital | $36.47B | −$17.88B | −$15.05B | −$16.55B | −$17.53B | −$17.96B | $27.85B | −$20.42B | $31.58B | $133.02B | $26.94B | $113.23B |
| Tangible book value | $37.18B | $34.86B | $35.60B | $35.51B | $35.90B | $36.02B | $37.08B | $39.40B | $38.91B | $31.27B | $39.48B | $27.98B |
| Book value per share | $75.50 | $74.52 | $75.29 | $71.03 | $70.52 | $69.14 | $67.79 | $69.57 | $66.64 | $63.06 | $64.06 | $55.63 |
| Shares outstanding | 537.8M | 542.2M | 546.4M | 578.4M | 588.5M | 599.2M | 627.3M | 647.4M | 667.0M | 688.0M | 708.0M | 718.7M |
| Current ratio | 1.36 | 0.83 | 0.85 | 0.84 | 0.84 | 0.83 | 1.28 | 0.81 | 1.31 | 1.61 | 1.26 | 1.53 |
| Quick ratio | 1.34 | 0.83 | 0.85 | 0.84 | 0.83 | 0.83 | 1.27 | 0.81 | 1.29 | 1.56 | 1.26 | 1.47 |
| Debt / equity | 0.22 | 0.23 | 0.22 | 0.22 | 0.22 | 0.21 | 0.21 | 0.22 | 0.22 | 0.51 | 0.24 | 0.60 |
| Equity / assets | 24.8% | 25.0% | 25.5% | 25.1% | 25.0% | 25.6% | 26.4% | 26.6% | 26.5% | 8.0% | 8.4% | 7.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 12, 2026); data from EODHD.
AIG financial position
At the end of fiscal 2025 (December 31, 2025), AIG had total assets of $161.3 billion (down 0.0% from a year earlier), total liabilities of $120.1 billion and shareholders' equity of $41.1 billion. It held $38.4 billion in cash and short-term investments against $9.2 billion of debt, a net cash position of $29.2 billion. Its current ratio was 0.85. In the latest quarter (ended June 30, 2026) total assets were $163.5 billion and equity $40.6 billion.
Related: AIG income statement, AIG cash flow statement, AIG key metrics. See the AIG stock overview for the latest quote and news.
AIG balance sheet FAQ
What are AIG's total assets?
AIG reported total assets of $161.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $161.3 billion a year earlier.
How much debt does AIG have?
AIG had $9.2 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.22.
How much cash does AIG have?
AIG held $38.4 billion in cash and short-term investments at the end of fiscal 2025; with $9.2 billion of debt that is net cash of $29.2 billion.
What is AIG's book value?
AIG's shareholders' equity (book value) was $41.1 billion at the end of fiscal 2025, or $72.14 per share.
What is AIG's current ratio?
AIG had current assets of $87.6 billion and current liabilities of $102.7 billion, a current ratio of 0.85 (current liabilities exceed current assets).
How much goodwill does AIG have?
AIG carried $5.5 billion of goodwill and intangible assets, 3.4% of total assets, at the end of fiscal 2025.