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Condensed Consolidated Statements of Income (Loss) (unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Premiums $ 5,945 $ 6,543 $ 17,564 $ 19,533
Net investment income:        
Total net investment income 973 856 2,942 2,537
Net realized gains (losses):        
Net realized gains (losses) (167) (135) (434) (660)
Other income 0 3 2 2
Total revenues 6,751 7,267 20,074 21,412
Benefits, losses and expenses:        
Losses and loss adjustment expenses incurred 3,773 3,876 10,753 11,759
Amortization of deferred policy acquisition costs 863 922 2,543 2,894
General operating and other expenses 1,346 1,311 4,194 4,048
Interest expense 112 138 353 391
Loss on extinguishment of debt 0 21 1 21
Net (gain) loss on divestitures and other 8 (101) (94) (89)
Total benefits, losses and expenses 6,102 6,167 17,750 19,024
Income from continuing operations before income tax expense 649 1,100 2,324 2,388
Income tax expense 168 399 571 509
Income from continuing operations 481 701 1,753 1,879
Income (loss) from discontinued operations, net of income taxes (24) 2,046 (3,580) 2,472
Net income (loss) 457 2,747 (1,827) 4,351
Less: Net income (loss) attributable to noncontrolling interests (2) 720 475 801
Net income (loss) attributable to AIG 459 2,027 (2,302) 3,550
Less: Dividends on preferred stock and preferred stock redemption premiums 0 7 22 22
Net income (loss) attributable to AIG common shareholders $ 459 $ 2,020 $ (2,324) $ 3,528
Basic:        
Income from continuing operations (in dollars per share) $ 0.75 $ 0.97 $ 2.62 $ 2.56
Income (loss) from discontinued operations (in dollars per share) (0.03) 1.86 (6.13) 2.30
Net income (loss) attributable to AIG common shareholders (in dollars per share) 0.72 2.83 (3.51) 4.86
Diluted:        
Income from continuing operations (in dollars per share) 0.74 0.97 2.59 2.54
Income (loss) from discontinued operations (in dollars per share) (0.03) 1.84 (6.07) 2.29
Net income (loss) attributable to AIG common shareholders (in dollars per share) $ 0.71 $ 2.81 $ (3.48) $ 4.83
Weighted average shares outstanding:        
Basic (in shares) 641,621,768 712,598,496 661,691,554 725,579,999
Diluted (in shares) 647,365,442 718,727,312 667,355,069 731,033,045
Excluding Fortitude Re funds withheld assets        
Net investment income:        
Total net investment income $ 922 $ 827 $ 2,819 $ 2,431
Net realized gains (losses):        
Net realized gains (losses) 8 (189) (238) (571)
Fortitude Re funds withheld assets        
Net investment income:        
Total net investment income 51 29 123 106
Net realized gains (losses):        
Net realized gains (losses) (18) (3) (38) (64)
Fortitude Re funds withheld embedded derivative        
Net realized gains (losses):        
Net realized gains (losses) $ (157) $ 57 $ (158) $ (25)