Earnings Per Common Share (EPS) (Tables)

6 Months Ended

Jun. 30, 2022

The following table presents the computation of basic and diluted EPS:


		Three Months Ended June 30,				Six Months Ended June 30,
(dollars in millions, except per common share data)		2022		2021		2022		2021
Numerator for EPS:
Income from continuing operations	$	3,393	$	150	$	8,049	$	4,080
Less: Net income from continuing operations attributable to noncontrolling interests		356		51		752		105
Less: Preferred stock dividends		8		8		15		15
Income attributable to AIG common shareholders from continuing operations		3,029		91		7,282		3,960
Loss from discontinued operations, net of income tax expense		(1)		—		(1)		—
Net income attributable to AIG common shareholders	$	3,028	$	91	$	7,281	$	3,960
Denominator for EPS:
Weighted average common shares outstanding - basic		790,897,301		862,930,931		803,532,447		865,508,343
Dilutive common shares		9,833,445		9,946,372		9,765,891		9,057,937
Weighted average common shares outstanding - diluted(a)		800,730,746		872,877,303		813,298,338		874,566,280
Income per common share attributable to AIG common shareholders:
Basic:
Income from continuing operations	$	3.83	$	0.11	$	9.06	$	4.58
Income from discontinued operations	$	—	$	—	$	—	$	—
Income attributable to AIG common shareholders	$	3.83	$	0.11	$	9.06	$	4.58
Diluted:
Income from continuing operations	$	3.78	$	0.11	$	8.95	$	4.53
Income from discontinued operations	$	—	$	—	$	—	$	—
Income attributable to AIG common shareholders	$	3.78	$	0.11	$	8.95	$	4.53

(a)Potential dilutive common shares include our share-based employee compensation plans, a weighted average portion of the 10-year warrants issued to AIG shareholders as part of AIG’s recapitalization in January 2011, which expired in January 2021 and an option for Blackstone to exchange all or a portion of its ownership interest in Corebridge for AIG common shares. The number of common shares excluded from diluted shares outstanding was 46.6 million and 46.2 million for the three- and six-month periods ended June 30, 2022, respectively, and 5.5 million and 7.4 million for the three- and six-month periods ended June 30, 2021, respectively, because the effect of including those common shares in the calculation would have been anti-dilutive.