EX-11 3 y52044ex11.txt STATEMENT RE COMPUTATION OF PER SHARE EARNINGS 1 EXHIBIT 11 AMERICAN INTERNATIONAL GROUP, INC. COMPUTATION OF EARNINGS PER SHARE (IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
SIX MONTHS THREE MONTHS ENDED JUNE 30, ENDED JUNE 30, ----------------- ---------------- 2001(A) 2000 2001 2000 ------- ------ ------ ------ Share information reflects an adjustment for a common stock split in the form of a 50 percent common stock dividend paid July 28, 2000. Numerator: Income before cumulative effect of an accounting change................................................ $3,165 $2,753 $1,627 $1,407 Cumulative effect of an accounting change, net of tax... (6) -- -- -- ------ ------ ------ ------ Net income (applicable to common stock)................. $3,159 $2,753 $1,627 $1,407 ====== ====== ====== ====== Denominator: Basic: Average outstanding shares used in the computation of per share earnings: Common stock.......................................... 2,477 2,491 2,477 2,491 Common stock in treasury.............................. (144) (174) (145) (178) ------ ------ ------ ------ Average outstanding shares -- basic..................... 2,333 2,317 2,332 2,313 ------ ------ ------ ------ Diluted: Average outstanding shares used in the computation of per share earnings: Common stock.......................................... 2,477 2,491 2,477 2,491 Common stock in treasury.............................. (144) (174) (145) (178) Stock options and stock purchase plan (treasury stock method)............................................... 25 26 26 26 ------ ------ ------ ------ Average outstanding shares -- diluted................... 2,358 2,343 2,358 2,339 ------ ------ ------ ------ Net income per share: Basic Income before cumulative effect of an accounting change........................................... $ 1.35 $ 1.19 $ 0.69 $ 0.61 ------ ------ ------ ------ Net income......................................... $ 1.35 $ 1.19 $ 0.69 $ 0.61 ------ ------ ------ ------ Diluted Income before cumulative effect of an accounting change........................................... $ 1.34 $ 1.17 $ 0.69 $ 0.60 ------ ------ ------ ------ Net income......................................... $ 1.34 $ 1.17 $ 0.69 $ 0.60 ------ ------ ------ ------
--------------- (a) The number of common shares outstanding as of June 30, 2001 was 2,331. The number of common shares that would have been outstanding as of June 30, 2001 assuming the exercise or issuance of all potentially dilutive common shares was 2,357.