Earnings Per Common Share (EPS) (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Computation of Basic and Diluted EPS

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)	2024		2023		2024		2023
Numerator for EPS:
Income from continuing operations	$	475	$	841	$	1,272	$	1,178
Less: Preferred stock dividends and preferred stock redemption premiums	—		8		22		15
Income attributable to AIG common shareholders from continuing operations	475		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 interests	93		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 - basic	661,092,967		725,754,549		671,834,907		732,175,533
Dilutive common shares	5,862,201		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.