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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Premiums $ 7,430 $ 7,207 $ 15,500 $ 14,482
Policy fees 769 763 1,504 1,527
Net investment income 3,745 3,065 7,624 6,326
Net realized capital losses:        
Total other-than-temporary impairments on available for sale securities (24) (28) (104) (103)
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Other comprehensive loss (6) (8) (9) (20)
Net other-than-temporary impairments on available for sale securities recognized in net income (30) (36) (113) (123)
Other realized capital gains (losses) 434 201 71 269
Total net realized capital gain (losses) 404 165 (42) 146
Other income 213 431 431 862
Total revenues 12,561 11,631 25,017 23,343
Benefits, losses and expenses:        
Policyholder benefits and losses incurred 5,802 5,505 12,481 11,172
Interest credited to policyholder account balances 967 935 1,907 1,851
Amortization of deferred policy acquisition costs 1,439 1,337 2,728 2,695
General operating and other expenses 2,140 2,323 4,193 4,594
Interest expense 360 299 709 576
(Gain) loss on extinguishment of debt 15 5 13 9
Net gain on sale of divested businesses 1 (25) (5) (33)
Total benefits, losses and expenses 10,724 10,379 22,026 20,864
Income from continuing operations before income tax expense 1,837 1,252 2,991 2,479
Income tax expense 446 321 663 598
Income from continuing operations 1,391 931 2,328 1,881
Loss from discontinued operations, net of income tax expense (1) 0 (1) (1)
Net income 1,390 931 2,327 1,880
Less:        
Net income from continuing operations attributable to noncontrolling interests 281 (6) 564 5
Net income attributable to AIG 1,109 937 1,763 1,875
Less: Dividends on preferred stock 7 0 7 0
Net income attributable to AIG common shareholders $ 1,102 $ 937 $ 1,756 $ 1,875
Basic:        
Income from continuing operations $ 1.26 $ 1.04 $ 2.00 $ 2.07
Income from discontinued operations 0 0 0 0
Net income attributable to AIG 1.26 1.04 2.00 2.07
Diluted:        
Income from continuing operations 1.24 1.02 1.99 2.04
Income from discontinued operations 0 0 0 0
Net income attributable to AIG $ 1.24 $ 1.02 $ 1.99 $ 2.04
Weighted average shares outstanding:        
Basic 876,382,884 903,215,488 875,885,588 905,566,733
Diluted 888,325,042 916,572,481 882,921,247 920,902,720