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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Premiums $ 7,207 $ 7,614 $ 14,482 $ 15,396
Policy fees 763 725 1,527 1,449
Net investment income 3,065 3,613 6,326 7,299
Net realized capital gains (losses):        
Total other-than-temporary impairments on available for sale securities (28) (33) (103) (72)
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Other comprehensive income (loss) (8) (28) (20) (49)
Net other-than-temporary impairments on available for sale securities recognized in net income (loss) (36) (61) (123) (121)
Other realized capital gains (losses) 201 (8) 269 (63)
Total net realized capital gains (losses) 165 (69) 146 (184)
Other income 431 619 862 1,174
Total revenues 11,631 12,502 23,343 25,134
Benefits, losses and expenses:        
Policyholder benefits and losses incurred 5,505 6,284 11,172 12,331
Interest credited to policyholder account balances 935 906 1,851 1,816
Amortization of deferred policy acquisition costs 1,337 1,115 2,695 2,223
General operating and other expenses 2,323 2,182 4,594 4,625
Interest expense 299 292 576 590
(Gain) loss on extinguishment of debt 5 (4) 9 (5)
Net (gain) loss on sale of divested businesses (25) 60 (33) 160
Total benefits, losses and expenses 10,379 10,835 20,864 21,740
Income (loss) from continuing operations before income tax expense (benefit) 1,252 1,667 2,479 3,394
Income tax expense (benefit):        
Income tax expense (benefit) 321 557 598 1,073
Income (loss) from continuing operations 931 1,110 1,881 2,321
Income (loss) from discontinued operations, net of income tax expense 0 8 (1) 8
Net income (loss) 931 1,118 1,880 2,329
Less:        
Net income (loss) from continuing operations attributable to noncontrolling interests (6) (12) 5 14
Net income (loss) attributable to AIG $ 937 $ 1,130 $ 1,875 $ 2,315
Basic:        
Income (loss) from continuing operations $ 1.04 $ 1.21 $ 2.07 $ 2.42
Income (loss) from discontinued operations 0 0.01 0 0.01
Net income (loss) attributable to AIG 1.04 1.22 2.07 2.43
Diluted:        
Income (loss) from continuing operations 1.02 1.18 2.04 2.36
Income (loss) from discontinued operations 0 0.01 0 0.01
Net income (loss) attributable to AIG $ 1.02 $ 1.19 $ 2.04 $ 2.37
Weighted average shares outstanding:        
Basic 903,215,488 925,751,084 905,566,733 953,109,915
Diluted 916,572,481 948,248,771 920,902,720 976,627,652
Dividends declared per common share $ 0.32 $ 0.32 $ 0.64 $ 0.64