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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Premiums $ 8,581 $ 8,862 $ 26,138 $ 27,229
Policy fees 646 701 2,029 2,066
Net investment income 3,783 3,206 10,479 10,870
Net realized capital gains (losses):        
Total other-than-temporary impairments on available for sale securities (58) (225) (332) (460)
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Other comprehensive income (loss) (14) (17) (36) (31)
Net other-than-temporary impairments on available for sale securities recognized in net income (72) (242) (368) (491)
Other realized capital gains (693) (100) (461) 1,616
Total net realized capital gains (losses) (765) (342) (829) 1,125
Other income 609 395 1,540 3,206
Total revenues 12,854 12,822 39,357 44,496
Benefits, losses and expenses:        
Policyholder benefits and losses incurred 7,489 6,936 20,748 20,587
Interest credited to policyholder account balances 887 881 2,798 2,758
Amortization of deferred policy acquisition costs 1,018 1,275 3,625 3,981
General operating and other expenses 2,536 3,175 8,125 9,214
Interest expense 329 321 955 977
(Gain) Loss on extinguishment of debt (14) 346 76 756
Net (gain) loss on sale of properties and divested businesses (128) 3 (351) 10
Total benefits, losses and expenses 12,117 12,937 35,976 38,283
Income (loss) from continuing operations before income tax expense (benefit) 737 (115) 3,381 6,213
Income tax expense (benefit):        
Income tax expense (benefit) 304 65 1,170 2,142
Income from continuing operations 433 (180) 2,211 4,071
Income (loss) from discontinued operations, net of income tax expense 3 (17) (54) 0
Net income (loss) 436 (197) 2,157 4,071
Less:        
Net income (loss) from continuing operations attributable to noncontrolling interests (26) 34 (35) 34
Net income attributable to AIG 462 (231) 2,192 4,037
Net income (loss) attributable to AIG common shareholders $ 462 $ (231) $ 2,192 $ 4,037
Basic:        
Income from continuing operations $ 0.43 $ (0.17) $ 2.02 $ 3.05
Income (loss) from discontinued operations - basic (in dollars per share) 0 (0.01) (0.05) 0
Net income attributable to AIG 0.43 (0.18) 1.97 3.05
Diluted:        
Income from continuing operations 0.42 (0.17) 1.97 2.97
Income (loss) from discontinued operations 0 (0.01) (0.05) 0
Net income attributable to AIG $ 0.42 $ (0.18) $ 1.92 $ 2.97
Weighted average shares outstanding:        
Basic 1,071,295,892 1,279,072,748 1,113,650,878 1,324,407,969
Diluted 1,102,400,770 1,279,072,748 1,142,700,207 1,357,108,784
Dividends declared per common share $ 0.32 $ 0.28 $ 0.96 $ 0.53