AIG · 10-Q · 2026Q2 · Full report

Variable Interest Entity Exposure

AMERICAN INTERNATIONAL GROUP, INC. · 2026-08-07 · Importance 53 · Surprise 48 · In source text

At June 30, 2026, unconsolidated VIEs had total assets of $315.425 billion, while AIG’s maximum exposure to loss was $4.359 billion. The maximum exposure comprised $2.907 billion of on-balance-sheet exposure and $1.452 billion of off-balance-sheet exposure, including $1.166 billion of unfunded private-equity commitments. Compared with December 31, 2025, total VIE assets declined 22.8% from $408.732 billion and maximum exposure declined 8.9% from $4.787 billion.

Key facts

• Total assets of unconsolidated VIEs in which we hold a variable interest at June 30, 2026: $315,425 million and our maximum exposure to loss total $4,359 million. source
• Total assets of unconsolidated VIEs in which we hold a variable interest at December 31, 2025: $408,732 million and our maximum exposure to loss total $4,787 million. source
• AIG had $154 million of notes issued by consolidated investment entities for which recourse is limited to the assets of the respective investment entities. source
• At June 30, 2026 and December 31, 2025, $2.9 billion and $3.3 billion, respectively, of our total unconsolidated VIE assets were recorded as Other invested assets. source
• VIE is the acronym for Variable Interest Entity. source

Impact estimates