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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Premiums $ 8,751 $ 9,545 $ 17,557 $ 18,367
Policy fees 696 688 1,383 1,365
Net investment income 3,683 3,826 6,696 7,664
Net realized capital gains (losses):        
Total other-than-temporary impairments on available for sale securities (65) (148) (274) (235)
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Other comprehensive income (loss) (29) (4) (22) (14)
Net other-than-temporary impairments on available for sale securities recognized in net income (94) (152) (296) (249)
Other realized capital gains 1,136 278 232 1,716
Total net realized capital gains (losses) 1,042 126 (64) 1,467
Other income 552 1,514 931 2,811
Total revenues 14,724 15,699 26,503 31,674
Benefits, losses and expenses:        
Policyholder benefits and losses incurred 6,872 7,100 13,259 13,651
Interest credited to policyholder account balances 961 942 1,911 1,877
Amortization of deferred policy acquisition costs 1,345 1,356 2,607 2,706
General operating and other expenses 2,586 3,090 5,589 6,039
Interest expense 320 316 626 656
Loss on extinguishment of debt 7 342 90 410
Net (gain) loss on sale of properties and divested businesses (225) 1 (223) 7
Total benefits, losses and expenses 11,866 13,147 23,859 25,346
Income (loss) from continuing operations before income tax expense (benefit) 2,858 2,552 2,644 6,328
Income tax expense (benefit):        
Income tax expense (benefit) 924 777 866 2,077
Income from continuing operations 1,934 1,775 1,778 4,251
Income (loss) from discontinued operations, net of income tax expense (10) 16 (57) 17
Net income (loss) 1,924 1,791 1,721 4,268
Less:        
Net income (loss) from continuing operations attributable to noncontrolling interests 11 (9) (9) 0
Net income attributable to AIG 1,913 1,800 1,730 4,268
Net income (loss) attributable to AIG common shareholders $ 1,913 $ 1,800 $ 1,730 $ 4,268
Basic:        
Income from continuing operations $ 1.73 $ 1.34 $ 1.57 $ 3.16
Income (loss) from discontinued operations - basic (in dollars per share) (0.01) 0.01 (0.05) 0.01
Net income attributable to AIG 1.72 1.35 1.52 3.17
Diluted:        
Income from continuing operations 1.69 1.31 1.54 3.09
Income (loss) from discontinued operations (0.01) 0.01 (0.05) 0.01
Net income attributable to AIG $ 1.68 $ 1.32 $ 1.49 $ 3.1
Weighted average shares outstanding:        
Basic 1,113,587,927 1,329,157,366 1,135,068,193 1,347,452,833
Diluted 1,140,045,973 1,365,390,431 1,163,089,748 1,376,325,971
Dividends declared per common share $ 0.32 $ 0.125 $ 0.64 $ 0.25