XML 48 R44.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Statement of Operations:        
Total net realized capital gains (losses) $ 647 $ 607 $ 794 $ (53)
Total revenues 17,648 12,719 53,214 46,838
Interest credited to policyholder account balances 1,191 1,146 3,324 3,366
Amortization of deferred acquisition costs 1,522 1,540 4,341 4,093
Other acquisition and other insurance expenses 2,214 2,067 6,736 6,164
Total benefits, claims and expenses 15,053 16,989 44,284 50,624
Income (loss) from continuing operations before income tax benefit 2,595 (4,270) 8,930 (3,786)
Income tax expense (benefit) 735 (665) 1,290 (1,187)
Income (Loss) from Continuing Operations 1,860 (3,605) 7,640 (2,599)
Income (loss) from discontinued operations, net of income tax expense (benefit) 1 (221) 9 2,327
Net income (loss) 1,861 (3,826) 7,649 (272)
Net income (loss) attributable to AIG 1,856 (3,990) 7,396 (857)
Net income (loss) attributable to AIG common shareholders 1,856 (3,990) 7,396 (1,669)
Basic:        
Income (loss) from continuing operations (in dollars per share) $ 1.13 $ (1.99) $ 4.21 $ (2.25)
Income (loss) from discontinued operations (in dollars per share)   $ (0.11)   $ 1.30
Diluted:        
Income (loss) from continuing operations (in dollars per share) $ 1.13 $ (1.99) $ 4.21 $ (2.25)
Income (loss) from discontinued operations (in dollars per share)   $ (0.11)   $ 1.30
Reclassification of certain derivative activity   192   110
As Previously Reported
       
Statement of Operations:        
Total net realized capital gains (losses)   604   (63)
Total revenues   12,716   46,828
Interest credited to policyholder account balances   1,134   3,349
Amortization of deferred acquisition costs   2,490   5,992
Other acquisition and other insurance expenses   1,214   4,418
Total benefits, claims and expenses   17,074   50,760
Income (loss) from continuing operations before income tax benefit   (4,358)   (3,932)
Income tax expense (benefit)   (634)   (1,122)
Income (Loss) from Continuing Operations   (3,724)   (2,810)
Income (loss) from discontinued operations, net of income tax expense (benefit)   (221)   1,395
Net income (loss)   (3,945)   (1,415)
Net income (loss) attributable to AIG   (4,109)   (2,000)
Net income (loss) attributable to AIG common shareholders   (4,109)   (2,812)
Basic:        
Income (loss) from continuing operations (in dollars per share)   $ (2.05)   $ (2.37)
Income (loss) from discontinued operations (in dollars per share)   $ (0.11)   $ 0.78
Diluted:        
Income (loss) from continuing operations (in dollars per share)   $ (2.05)   $ (2.37)
Income (loss) from discontinued operations (in dollars per share)   $ (0.11)   $ 0.78
Accounting for Costs Associated with Acquiring or Renewing Insurance Contracts | Effect of Change
       
Statement of Operations:        
Total net realized capital gains (losses)   3   10
Total revenues   3   10
Interest credited to policyholder account balances   12   17
Amortization of deferred acquisition costs   (950)   (1,899)
Other acquisition and other insurance expenses   853   1,746
Total benefits, claims and expenses   (85)   (136)
Income (loss) from continuing operations before income tax benefit   88   146
Income tax expense (benefit)   (31)   (65)
Income (Loss) from Continuing Operations   119   211
Income (loss) from discontinued operations, net of income tax expense (benefit)       932
Net income (loss)   119   1,143
Net income (loss) attributable to AIG   119   1,143
Net income (loss) attributable to AIG common shareholders   $ 119   $ 1,143
Basic:        
Income (loss) from continuing operations (in dollars per share)   $ 0.06   $ 0.12
Income (loss) from discontinued operations (in dollars per share)       $ 0.52
Diluted:        
Income (loss) from continuing operations (in dollars per share)   $ 0.06   $ 0.12
Income (loss) from discontinued operations (in dollars per share)       $ 0.52