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Earnings Per Common Share (EPS)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Common Share (EPS)
15. 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
June 30,
Six Months Ended
June 30,
(dollars in millions, except per common share data)2024202320242023
Numerator for EPS:
Income from continuing operations$475 $841 $1,272 $1,178 
Less: Preferred stock dividends and preferred stock redemption premiums 22 15 
Income attributable to AIG common shareholders from continuing operations475 833 1,250 1,163 
Income (loss) from discontinued operations, net of income tax expense(4,359)850 (3,556)426 
Less: Net income attributable to noncontrolling interests93 198 477 81 
Income (loss) from discontinued operations, net of noncontrolling interest(4,452)652 (4,033)345 
Net income (loss) attributable to AIG common shareholders$(3,977)$1,485 $(2,783)$1,508 
Denominator for EPS:
Weighted average common shares outstanding - basic661,092,967 725,754,549 671,834,907 732,175,533 
Dilutive common shares5,862,201 4,792,563 5,623,436 5,115,161 
Weighted average common shares outstanding - diluted(a)
666,955,168 730,547,112 677,458,343 737,290,694 
Income (loss) per common share attributable to AIG common shareholders:
Basic:
Income from continuing operations$0.72 $1.15 $1.86 $1.59 
Income (loss) from discontinued operations$(6.74)$0.90 $(6.00)$0.47 
Income (loss) attributable to AIG common shareholders$(6.02)$2.05 $(4.14)$2.06 
Diluted:
Income from continuing operations$0.71 $1.14 $1.85 $1.58 
Income (loss) from discontinued operations$(6.67)$0.89 $(5.96)$0.47 
Income (loss) attributable to AIG common shareholders$(5.96)$2.03 $(4.11)$2.05 
(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 0.1 million for the three and six months ended June 30, 2024, respectively, and 6.6 million and 5.5 million for the three and six months ended June 30, 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 14.