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EARNINGS PER SHARE (EPS) (Tables)
 9 Months Ended
Sep. 30, 2013
EARNINGS PER SHARE (EPS)  
Computation of basic and diluted EPS

 

 

 
  


   
  


   
  
   
 
   Three Months Ended
September 30,		   Nine Months Ended
September 30,		  
(dollars in millions, except per share data)
  
 

2013

   2012
  

2013

   2012
  
   

Numerator for EPS:

  
 
 
 
      
 
 
 
      

Income from continuing operations

  
$
2,172
 
 $ 1,824  
$
7,035
 
 $ 7,369  

Less: Net income (loss) from continuing operations attributable to noncontrolling interests:

  
 
 
 
      
 
 
 
      

Nonvoting, callable, junior and senior preferred interests

  
 
–
 
   –  
 
–
 
   208  

Other

  
 
(40
)
   5  
 
12
 
   45
   

Total net income (loss) from continuing operations attributable to noncontrolling interests

  
 
(40
)
   5  
 
12
 
   253
   

Income attributable to AIG from continuing operations

  
 
2,212
 
   1,819  
 
7,023
 
   7,116
   

Income (loss) attributable to AIG from discontinued operations

  
 
(42
)
   37  
 
84
 
   280
   

Net income attributable to AIG

  
$
2,170
 
 $ 1,856  
$
7,107
 
 $ 7,396
   

Denominator for EPS:

  
 
 
 
      
 
 
 
      

Weighted average shares outstanding — basic

  
 
1,475,053,126
 
   1,642,472,814  
 
1,476,007,034
 
   1,757,955,937  

Dilutive shares

  
 
10,269,732
 
   29,437  
 
5,403,839
 
   28,217
   

Weighted average shares outstanding — diluted*

  
 
1,485,322,858
 
   1,642,502,251  
 
1,481,410,873
 
   1,757,984,154
   

Income (loss) per common share attributable to AIG:

  
 
 
 
      
 
 
 
      

Basic:

  
 
 
 
      
 
 
 
      

Income from continuing operations

  
$
1.50
 
 $ 1.11  
$
4.76
 
 $ 4.05  

Income (loss) from discontinued operations

  
$
(0.03
)
 $ 0.02  
$
0.06
 
 $ 0.16  

Net Income attributable to AIG

  
$
1.47
 
 $ 1.13  
$
4.82
 
 $ 4.21
   

Diluted:

  
 
 
 
      
 
 
 
      

Income from continuing operations

  
$
1.49
 
 $ 1.11  
$
4.74
 
 $ 4.05  

Income (loss) from discontinued operations

  
$
(0.03
)
 $ 0.02  
$
0.06
 
 $ 0.16  

Net Income attributable to AIG

  
$
1.46
 
 $ 1.13  
$
4.80
 
 $ 4.21
   

*     Dilutive shares are calculated using the treasury stock method and include dilutive shares from share-based employee compensation plans, a weighted average portion of the warrants issued to AIG shareholders as part of the recapitalization in January 2011 and a weighted average portion of the warrants issued to the Department of the Treasury in 2009 that we repurchased in the first quarter of 2013. The number of shares excluded from diluted shares outstanding were 0.4 million and 51 million for the three- and nine-month periods ended September 30, 2013, respectively, and 78 million for both the three- and nine-month periods ended September 30, 2012, because the effect of including those shares in the calculation would have been anti-dilutive.