EARNINGS PER SHARE (EPS)

12 Months Ended

Dec. 31, 2014

EARNINGS PER SHARE (EPS)

EARNINGS PER SHARE (EPS)

19. EARNINGS PER SHARE (EPS)

The basic EPS computation is based on the weighted average number of common shares outstanding, adjusted to reflect all stock dividends and stock splits. The diluted EPS computation is based on those shares used in the basic EPS computation plus shares that would have been outstanding assuming issuance of common shares for all dilutive potential common shares outstanding and adjusted to reflect all stock dividends and stock splits.

The following table presents the computation of basic and diluted EPS:

Years Ended December 31,
(dollars in millions, except per share data)		2014		2013		2012
Numerator for EPS:
Income from continuing operations	$	7,574	$	9,008	$	3,699
Less: Net income (loss) from continuing operations attributable to noncontrolling interests:
Nonvoting, callable, junior and senior preferred interests		-		-		208
Other		(5)		7		54
Total net income (loss) from continuing operations attributable to noncontrolling interests		(5)		7		262
Income attributable to AIG common shareholders from continuing operations		7,579		9,001		3,437
Income (loss) from discontinued operations		(50)		84		1
Income (loss) attributable to AIG common shareholders from discontinued operations		(50)		84		1
Net income attributable to AIG common shareholders	$	7,529	$	9,085	$	3,438
Denominator for EPS:
Weighted average shares outstanding — basic		1,427,959,799		1,474,171,690		1,687,197,038
Dilutive shares		19,593,853		7,035,107		29,603
Weighted average shares outstanding — diluted*		1,447,553,652		1,481,206,797		1,687,226,641
Income per common share attributable to AIG:
Basic:
Income from continuing operations	$	5.31	$	6.11	$	2.04
Income from discontinued operations	$	(0.04)	$	0.05	$	-
Net Income attributable to AIG	$	5.27	$	6.16	$	2.04
Diluted:
Income from continuing operations	$	5.24	$	6.08	$	2.04
Income from discontinued operations	$	(0.04)	$	0.05	$	-
Net Income attributable to AIG	$	5.20	$	6.13	$	2.04

*Dilutive shares primarily result from share-based employee compensation plans and a weighted average portion of the warrants issued to AIG shareholders as part of the recapitalization in January 2011. The number of shares excluded from diluted shares outstanding were 0.3 million, 38 million and 78 million for the years ended December 31,2014, 2013 and 2012, respectively, because the effect of including those shares in the calculation would have been anti-dilutive.