XML 72 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Premiums $ 7,614 $ 8,751 $ 15,396 $ 17,557
Policy fees 725 696 1,449 1,383
Net investment income 3,613 3,683 7,299 6,696
Net realized capital gains (losses):        
Total other-than-temporary impairments on available for sale securities (33) (65) (72) (274)
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Other comprehensive income (loss) (28) (29) (49) (22)
Net other-than-temporary impairments on available for sale securities recognized in net income (loss) (61) (94) (121) (296)
Other realized capital gains (losses) (8) 1,136 (63) 232
Total net realized capital gains (losses) (69) 1,042 (184) (64)
Other income 619 552 1,174 931
Total revenues 12,502 14,724 25,134 26,503
Benefits, losses and expenses:        
Policyholder benefits and losses incurred 6,284 6,872 12,331 13,259
Interest credited to policyholder account balances 906 961 1,816 1,911
Amortization of deferred policy acquisition costs 1,115 1,345 2,223 2,607
General operating and other expenses 2,182 2,586 4,625 5,589
Interest expense 292 320 590 626
(Gain) Loss on extinguishment of debt (4) 7 (5) 90
Net (gain) loss on sale of divested businesses 60 (225) 160 (223)
Total benefits, losses and expenses 10,835 11,866 21,740 23,859
Income (loss) from continuing operations before income tax expense (benefit) 1,667 2,858 3,394 2,644
Income tax expense (benefit):        
Income tax expense (benefit) 557 924 1,073 866
Income (loss) from continuing operations 1,110 1,934 2,321 1,778
Income (loss) from discontinued operations, net of income tax 8 (10) 8 (57)
Net income (loss) 1,118 1,924 2,329 1,721
Less:        
Net income (loss) from continuing operations attributable to noncontrolling interests (12) 11 14 (9)
Net income (loss) attributable to AIG $ 1,130 $ 1,913 $ 2,315 $ 1,730
Basic:        
Income (loss) from continuing operations $ 1.21 $ 1.73 $ 2.42 $ 1.57
Income (loss) from discontinued operations 0.01 (0.01) 0.01 (0.05)
Net income (loss) attributable to AIG 1.22 1.72 2.43 1.52
Diluted:        
Income (loss) from continuing operations 1.18 1.69 2.36 1.54
Income (loss) from discontinued operations 0.01 (0.01) 0.01 (0.05)
Net income (loss) attributable to AIG $ 1.19 $ 1.68 $ 2.37 $ 1.49
Weighted average shares outstanding:        
Basic 925,751,084 1,113,587,927 953,109,915 1,135,068,193
Diluted 948,248,771 1,140,045,973 976,627,652 1,163,089,748
Dividends declared per common share $ 0.32 $ 0.32 $ 0.64 $ 0.64