Earnings Per Common Share (EPS)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Earnings Per Common Share (EPS)

17. Earnings Per Common Share (EPS)

The basic EPS computation is based on the weighted average number of common shares outstanding, adjusted to reflect all stock dividends and stock splits. The diluted EPS computation is based on those shares used in the basic EPS computation plus common shares that would have been outstanding assuming issuance of common shares for all dilutive potential common shares outstanding and adjusted to reflect all stock dividends and stock splits, using the treasury stock method or the if-converted method, as applicable.

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

Three Months Ended March 31,
(dollars in millions, except per common share data)	2024		2023
Numerator for EPS:
Income (loss) from continuing operations	$	1,600	$	(87)
Less: Net income (loss) from continuing operations attributable to noncontrolling interests	384		(117)
Less: Preferred stock dividends and preferred stock redemption premiums	22		7
Income (loss) attributable to AIG common shareholders from continuing operations	1,194		23
Income (loss) from discontinued operations, net of income tax expense	—		—
Net income (loss) attributable to AIG common shareholders	$	1,194	$	23
Denominator for EPS:
Weighted average common shares outstanding - basic	682,576,848		738,661,428
Dilutive common shares	5,384,670		5,437,758
Weighted average common shares outstanding - diluted(a)	687,961,518		744,099,186
Income (loss) per common share attributable to AIG common shareholders:
Basic:
Income (loss) from continuing operations	$	1.75	$	0.03
Income from discontinued operations	$	—	$	—
Income (loss) attributable to AIG common shareholders	$	1.75	$	0.03
Diluted:
Income (loss) from continuing operations	$	1.74	$	0.03
Income from discontinued operations	$	—	$	—
Income (loss) attributable to AIG common shareholders	$	1.74	$	0.03

(a)Potential dilutive common shares include our share-based employee compensation plans. The number of potential common shares excluded from diluted shares outstanding was 0.1 million and 4.5 million for the three months ended March 31, 2024 and 2023, respectively, because the effect of including those common shares in the calculation would have been anti-dilutive.

For information regarding our repurchases of AIG Common Stock, see Note 16.