Earnings Per Share

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Computation of Earnings Per Share 

	Third Quarter				Nine Months
	2024		2023		2024		2023
	(in millions, except per share amounts)
Basic Earnings Per Share (EPS):
Net income (loss) attributable to AGL	$	171	$	157	$	358	$	363
Less: Distributed and undistributed income (loss) available to nonvested shareholders	2		2		3		3
Distributed and undistributed income (loss) available to common shareholders of AGL and subsidiaries, basic	$	169	$	155	$	355	$	360
Basic shares	52.4		58.5		54.1		58.9
Basic EPS	$	3.23	$	2.65	$	6.57	$	6.11
Diluted EPS:
Distributed and undistributed income (loss) available to common shareholders of AGL and subsidiaries, basic	$	169	$	155	$	355	$	360
Plus: Re-allocation of undistributed income (loss) available to nonvested shareholders of AGL and subsidiaries	—		—		—		—
Distributed and undistributed income (loss) available to common shareholders of AGL and subsidiaries, diluted	$	169	$	155	$	355	$	360
Basic shares	52.4		58.5		54.1		58.9
Dilutive securities:
Restricted stock awards	1.0		1.1		1.1		1.1
Diluted shares	53.4		59.6		55.2		60.0
Diluted EPS	$	3.17	$	2.60	$	6.44	$	5.99
Potentially dilutive securities excluded from computation of EPS because of antidilutive effect	—		0.1		0.1		0.1