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Earnings Per Common Share (EPS)
9 Months Ended
Sep. 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
September 30,
Nine Months Ended
September 30,
(dollars in millions, except per common share data)2024202320242023
Numerator for EPS:
Income from continuing operations$481 $701 $1,753 $1,879 
Less: Preferred stock dividends and preferred stock redemption premiums 22 22 
Income attributable to AIG common shareholders from continuing operations481 694 1,731 1,857 
Income (loss) from discontinued operations, net of income tax expense(24)2,046 (3,580)2,472 
Less: Net income (loss) attributable to noncontrolling interests(2)720 475 801 
Income (loss) from discontinued operations, net of noncontrolling interest(22)1,326 (4,055)1,671 
Net income (loss) attributable to AIG common shareholders$459 $2,020 $(2,324)$3,528 
Denominator for EPS:
Weighted average common shares outstanding - basic641,621,768 712,598,496 661,691,554 725,579,999 
Dilutive common shares5,743,674 6,128,816 5,663,515 5,453,046 
Weighted average common shares outstanding - diluted(a)
647,365,442 718,727,312 667,355,069 731,033,045 
Income (loss) per common share attributable to AIG common shareholders:
Basic:
Income from continuing operations$0.75 $0.97 $2.62 $2.56 
Income (loss) from discontinued operations$(0.03)$1.86 $(6.13)$2.30 
Income (loss) attributable to AIG common shareholders$0.72 $2.83 $(3.51)$4.86 
Diluted:
Income from continuing operations$0.74 $0.97 $2.59 $2.54 
Income (loss) from discontinued operations$(0.03)$1.84 $(6.07)$2.29 
Income (loss) attributable to AIG common shareholders$0.71 $2.81 $(3.48)$4.83 
(a)Potential dilutive common shares are primarily due to 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 nine months ended September 30, 2024, respectively, and 5.1 million and 5.4 million for the three and nine months ended September 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.