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Condensed Consolidated Statements of Income (Loss) (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Premiums $ 5,748 $ 6,614 $ 11,619 $ 12,990
Net investment income:        
Total net investment income 990 837 1,969 1,681
Net realized gains (losses):        
Net realized gains (losses) (180) (14) (267) (525)
Other income 2 (1) 2 (1)
Total revenues 6,560 7,436 13,323 14,145
Benefits, losses and expenses:        
Losses and loss adjustment expenses incurred 3,467 3,979 6,980 7,883
Amortization of deferred policy acquisition costs 842 933 1,680 1,972
General operating and other expenses 1,610 1,494 2,848 2,737
Interest expense 125 129 241 253
Loss on extinguishment of debt 1 0 1 0
Net (gain) loss on divestitures and other (102) 15 (102) 12
Total benefits, losses and expenses 5,943 6,550 11,648 12,857
Income from continuing operations before income tax expense 617 886 1,675 1,288
Income tax expense 142 45 403 110
Income from continuing operations 475 841 1,272 1,178
Income (loss) from discontinued operations, net of income taxes (4,359) 850 (3,556) 426
Net income (loss) (3,884) 1,691 (2,284) 1,604
Less: Net income (loss) attributable to noncontrolling interests 93 198 477 81
Net income (loss) attributable to AIG (3,977) 1,493 (2,761) 1,523
Less: Dividends on preferred stock and preferred stock redemption premiums 0 8 22 15
Net income (loss) attributable to AIG common shareholders $ (3,977) $ 1,485 $ (2,783) $ 1,508
Basic:        
Income from continuing operations (in dollars per share) $ 0.72 $ 1.15 $ 1.86 $ 1.59
Income (loss) from discontinued operations (in dollars per share) (6.74) 0.90 (6.00) 0.47
Net income (loss) attributable to AIG common shareholders (in dollars per share) (6.02) 2.05 (4.14) 2.06
Diluted:        
Income from continuing operations (in dollars per share) 0.71 1.14 1.85 1.58
Income (loss) from discontinued operations (in dollars per share) (6.67) 0.89 (5.96) 0.47
Net income (loss) attributable to AIG common shareholders (in dollars per share) $ (5.96) $ 2.03 $ (4.11) $ 2.05
Weighted average shares outstanding:        
Basic (in shares) 661,092,967 725,754,549 671,834,907 732,175,533
Diluted (in shares) 666,955,168 730,547,112 677,458,343 737,290,694
Excluding Fortitude Re funds withheld assets        
Net investment income:        
Total net investment income $ 957 $ 812 $ 1,897 $ 1,604
Net realized gains (losses):        
Net realized gains (losses) (187) (65) (246) (382)
Fortitude Re funds withheld assets        
Net investment income:        
Total net investment income 33 25 72 77
Net realized gains (losses):        
Net realized gains (losses) (1) (7) (20) (61)
Fortitude Re funds withheld embedded derivative        
Net realized gains (losses):        
Net realized gains (losses) $ 8 $ 58 $ (1) $ (82)