XML 134 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Premiums $ 9,458 $ 9,200 $ 18,496 $ 18,572
Policy fees 701 623 1,393 1,238
Net investment income 3,884 3,844 8,080 8,008
Net realized capital gains (losses):        
Total other-than-temporary impairments on available for sale securities (32) (17) (82) (57)
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Other comprehensive income (loss) (16) (10) (20) (11)
Net other-than-temporary impairments on available for sale securities recognized in net income (loss) (48) (27) (102) (68)
Other realized capital gains (losses) 149 1,618 (10) 1,959
Total net realized capital gains (losses) 101 1,591 (112) 1,891
Aircraft leasing revenue 489 1,111 1,602 2,185
Other income 1,472 2,057 2,758 3,494
Total revenues 16,105 18,426 32,217 35,388
Benefits, claims and expenses:        
Policyholder benefits and claims incurred 6,771 8,090 13,568 14,818
Interest credited to policyholder account balances 963 972 1,918 1,989
Amortization of deferred acquisition costs 1,396 1,353 2,701 2,639
Other acquisition and insurance expenses 2,213 2,245 4,330 4,483
Interest expense 463 535 942 1,112
Aircraft leasing expenses 489 1,093 1,585 2,124
Loss on extinguishment of debt 34 38 272 378
Net (gain) loss on sale of divested businesses (2,174) 47 (2,178) 47
Other expenses 1,470 888 2,326 1,758
Total benefits, claims and expenses 11,625 15,261 25,464 29,348
Income from continuing operations before income tax expense 4,480 3,165 6,753 6,040
Income tax expense 1,474 425 2,088 1,142
Income from continuing operations 3,006 2,740 4,665 4,898
Income (loss) from discontinued operations, net of income tax expense 30 18 (17) 91
Net income 3,036 2,758 4,648 4,989
Less:        
Net income (loss) from continuing operations attributable to noncontrolling interests (37) 27 (34) 52
Net income attributable to AIG $ 3,073 $ 2,731 $ 4,682 $ 4,937
Basic:        
Income from continuing operations $ 2.11 $ 1.84 $ 3.24 $ 3.28
Income (loss) from discontinued operations $ 0.02 $ 0.01 $ (0.01) $ 0.06
Net income attributable to AIG $ 2.13 $ 1.85 $ 3.23 $ 3.34
Diluted:        
Income from continuing operations $ 2.08 $ 1.83 $ 3.2 $ 3.27
Income (loss) from discontinued operations $ 0.02 $ 0.01 $ (0.01) $ 0.06
Net income attributable to AIG $ 2.1 $ 1.84 $ 3.19 $ 3.33
Weighted average shares outstanding:        
Basic (in shares) 1,442,397,111 1,476,512,720 1,450,776,629 1,476,491,719
Diluted (in shares) 1,464,676,330 1,482,246,618 1,468,364,283 1,479,462,612
Dividend declared per common share (in dollars per share) $ 0.125   $ 0.25