QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2014

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Consolidated Statements of Income (Loss)

	Three Months Ended
		March 31,				June 30,				September 30,				December 31,
(dollars in millions, except per share data)		2014		2013		2014		2013		2014		2013		2014		2013
Total revenues	$	16,163	$	17,008	$	16,136	$	18,485	$	16,697	$	15,981	$	15,410	$	17,400
Income from continuing
operations before income taxes		2,273		2,875		4,480		3,165		3,019		1,178		729		2,150
Income (loss) from discontinued
operations, net of income taxes		(47)		73		30		18		2		(18)		(35)		11
Net income		1,612		2,231		3,036		2,758		2,201		2,130		675		1,973
Net income (loss) from continuing
operations attributable to
noncontrolling interests:
Nonvoting, callable, junior, and
senior preferred interests		-		-		-		-		-		-		-		-
Other		3		25		(37)		27		9		(40)		20		(5)
Total net income (loss)
attributable
to noncontrolling interests		3		25		(37)		27		9		(40)		20		(5)
Net income attributable to AIG*	$	1,609	$	2,206	$	3,073	$	2,731	$	2,192	$	2,170	$	655	$	1,978
Earnings (loss) per common share
attributable to AIG common
shareholders:
Basic:
Income from continuing
operations	$	1.13	$	1.44	$	2.11	$	1.84	$	1.54	$	1.48	$	0.50	$	1.34
Income (loss) from discontinued
operations	$	(0.03)	$	0.05	$	0.02	$	0.01	$	-	$	(0.01)	$	(0.03)	$	0.01
Diluted:
Income from continuing
operations	$	1.12	$	1.44	$	2.08	$	1.83	$	1.52	$	1.47	$	0.49	$	1.33
Income (loss) from discontinued
operations	$	(0.03)	$	0.05	$	0.02	$	0.01	$	-	$	(0.01)	$	(0.03)	$	0.01
Weighted average shares outstanding:
Basic	1,459,249,393		1,476,471,097		1,442,397,111		1,476,512,720		1,419,239,774		1,475,053,126		1,391,790,420		1,468,725,573
Diluted	1,472,510,813		1,476,678,931		1,464,676,330		1,482,246,618		1,442,067,842		1,485,322,858		1,412,162,456		1,480,654,482
Noteworthy quarterly items -
income (expense):
Other-than-temporary
impairments		(59)		(48)		(55)		(46)		(50)		(52)		(83)		(86)
Net (gain) loss on sale of
divested businesses		(4)		-		(2,174)		47		(18)		-		(1)		1
Federal and foreign valuation
allowance for deferred tax assets		65		761		75		509		21		1,154		20		741
Net gain (loss) on extinguishment of
debt		(238)		(340)		(34)		(38)		(742)		(81)		(1,268)		(192)

* Net income attributable to AIG for the three-month period ended December 31, 2013 includes $327 million of net charges primarily related to income taxes to correct prior 2013 quarters presented. Such amounts are not material to any period presented.