Earnings Per Common Share (EPS)

3 Months Ended

Mar. 31, 2025

15. Earnings Per Common Share (EPS)

Basic EPS is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding. The diluted EPS computation assumes the issuance of all potentially dilutive common shares outstanding using the treasury stock method or the if-converted method, as applicable, and excludes the effect of anti-dilutive shares.

The following table presents the computation of basic and diluted EPS:


Three Months Ended March 31,

(dollars in millions, except per common share data)	2025		2024
Numerator for EPS:
Income (loss) from continuing operations	$	698	$	797

Less: Preferred stock dividends and preferred stock redemption premiums	—		22
Income (loss) attributable to AIG common shareholders from continuing operations	698		775

Income (loss) from discontinued operations, net of income tax expense	—		803
Less: Net income attributable to noncontrolling interests	—		384
Income (loss) from discontinued operations, net of noncontrolling interest	—		419
Net income (loss) attributable to AIG common shareholders	$	698	$	1,194
Denominator for EPS:
Weighted average common shares outstanding - basic	593,839,665		682,576,848
Dilutive common shares	5,400,381		5,384,670
Weighted average common shares outstanding - diluted(a)	599,240,046		687,961,518
Income (loss) per common share attributable to AIG common shareholders:
Basic:
Income (loss) from continuing operations	$	1.18	$	1.14
Income from discontinued operations	$	—	$	0.61
Income (loss) attributable to AIG common shareholders	$	1.18	$	1.75
Diluted:
Income (loss) from continuing operations	$	1.16	$	1.13
Income from discontinued operations	$	—	$	0.61
Income (loss) attributable to AIG common shareholders	$	1.16	$	1.74

(a)Potential dilutive common shares are due to our share-based employee compensation plans and agreements. The number of potential common shares excluded from diluted shares outstanding was 161,754 and 141,749 for the three months ended March 31, 2025 and 2024, 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.