XML 211 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Premiums $ 37,350 $ 38,047 $ 39,026
Policy fees 2,535 2,349 2,309
Net investment income 15,810 20,343 14,755
Net realized capital gains (losses):      
Total other-than-temporary impairments on available for sale securities (165) (448) (1,216)
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Other comprehensive income (loss) (22) (381) 168
Net other-than-temporary impairments on available for sale securities recognized in net income (loss) (187) (829) (1,048)
Other realized capital gains 1,931 1,759 1,739
Total net realized capital gains (losses) 1,744 930 691
Aircraft leasing revenue 4,420 4,504 4,508
Other income 6,819 4,848 3,816
Total revenues 68,678 71,021 65,105
Benefits, claims and expenses:      
Policyholder benefits and claims incurred 29,503 32,036 33,523
Interest credited to policyholder account balances 3,892 4,340 4,432
Amortization of deferred policy acquisition costs 5,157 5,709 5,486
Other acquisition and insurance expenses 9,166 9,235 8,458
Interest expense 2,142 2,319 2,444
Aircraft leasing expenses 4,549 4,138 5,401
Loss (gain) on extinguishment of debt 651 32 2,908
(Gain) loss on sale of properties and divested businesses 48 6,736 74
Other expenses 4,202 3,585 3,280
Total benefits, claims and expenses 59,310 68,130 66,006
Income (loss) from continuing operations before income tax expense (benefit) 9,368 2,891 (901)
Income tax expense (benefit):      
Current 679 762 95
Deferred (319) (1,570) (19,859)
Income tax expense (benefit) 360 (808) (19,764)
Income (loss) from continuing operations 9,008 3,699 18,863
Income (loss) from discontinued operations, net of income tax expense (benefit) 84 1 2,467
Net income (loss) 9,092 3,700 21,330
Less: Net income (loss) from continuing operations attributable to noncontrolling interests:      
Nonvoting, callable, junior and senior preferred interests   208 634
Other 7 54 55
Total net income (loss) from continuing operations attributable to noncontrolling interests 7 262 689
Net income (loss) from discontinued operations attributable to noncontrolling interests     19
Total net income (loss) attributable to noncontrolling interests 7 262 708
Net income (loss) attributable to AIG 9,085 3,438 20,622
Net income (loss) attributable to AIG common shareholders $ 9,085 $ 3,438 $ 19,810
Basic:      
Income (loss) from continuing operations - basic (in dollars per share) $ 6.11 $ 2.04 $ 9.65
Income (loss) from discontinued operations - basic (in dollars per share) $ 0.05   $ 1.36
Net Income (loss) attributable to AIG - basic (in dollars per share) $ 6.16 $ 2.04 $ 11.01
Diluted:      
Income (loss) from continuing operations - diluted (in dollars per share) $ 6.08 $ 2.04 $ 9.65
Income (loss) from discontinued operations - diluted (in dollars per share) $ 0.05   $ 1.36
Net Income (loss) attributable to AIG - diluted (in dollars per share) $ 6.13 $ 2.04 $ 11.01
Weighted average shares outstanding:      
Basic (in shares) 1,474,171,690 1,687,197,038 1,799,385,757
Diluted (in shares) 1,481,206,797 1,687,226,641 1,799,458,497
Dividends declared per common share (in dollars per share) $ 0.20