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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Premiums $ 7,617 $ 7,668 $ 23,117 $ 22,150
Policy fees 733 530 2,237 2,057
Net investment income 3,408 3,396 11,032 9,722
Net realized capital gains (losses):        
Total other-than-temporary impairments on available for sale securities (15) (13) (119) (116)
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Other comprehensive income (loss) (9) (22) (18) (42)
Net other-than-temporary impairments on available for sale securities recognized in net income (loss) (24) (35) (137) (158)
Other realized capital gains (losses) 953 (476) 1,024 (207)
Net realized capital gains (losses) 929 (511) 887 (365)
Other income 227 403 658 1,265
Total revenues 12,914 11,486 37,931 34,829
Benefits, losses and expenses:        
Policyholder benefits and losses incurred 6,892 8,312 19,373 19,484
Interest credited to policyholder account balances 966 933 2,873 2,784
Amortization of deferred policy acquisition costs 1,252 1,118 3,980 3,813
General operating and other expenses 2,187 2,325 6,380 6,919
Interest expense 348 326 1,057 902
(Gain) loss on extinguishment of debt 0 1 13 10
Net (gain) loss on sale of divested businesses 9 (2) 4 (35)
Total benefits, losses and expenses 11,654 13,013 33,680 33,877
Income (loss) from continuing operations before income tax expense (benefit) 1,260 (1,527) 4,251 952
Income tax expense (benefit) 287 (307) 950 291
Income (loss) from continuing operations 973 (1,220) 3,301 661
Loss from discontinued operations, net of income tax expense 0 (39) (1) (40)
Net income (loss) 973 (1,259) 3,300 621
Less:        
Net income (loss) from continuing operations attributable to noncontrolling interests 317 0 881 5
Net income (loss) attributable to AIG 656 (1,259) 2,419 616
Less: Preferred stock dividends 8 0 15 0
Net income (loss) attributable to AIG common shareholders $ 648 $ (1,259) $ 2,404 $ 616
Basic:        
Income (loss) from continuing operations $ 0.74 $ (1.37) $ 2.74 $ 0.72
Income (loss) from discontinued operations 0 (0.04) 0 (0.04)
Net income (loss) attributable to AIG common shareholders 0.74 (1.41) 2.74 0.68
Diluted:        
Income (loss) from continuing operations 0.72 (1.37) 2.71 0.71
Income (loss) from discontinued operations 0 (0.04) 0 (0.04)
Net income (loss) attributable to AIG common shareholders $ 0.72 $ (1.41) $ 2.71 $ 0.67
Weighted average shares outstanding:        
Basic 877,009,495 895,237,359 876,262,372 902,081,555
Diluted 895,814,410 895,237,359 887,221,116 916,818,269