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EARNINGS PER SHARE (EPS) (Tables)
 12 Months Ended
Dec. 31, 2013
EARNINGS PER SHARE (EPS)  
Computation of basic and diluted EPS

 

 

 
  


   
    
  
   
Years Ended December 31,
(dollars in millions, except per share data)
  

2013

   2012
   2011
  
   

Numerator for EPS:

  
 
 
 
            

Income from continuing operations

  
$
9,008
 
 $ 3,699   $ 18,863  

Less: Net income from continuing operations attributable to noncontrolling interests:

  
 
 
 
            

Nonvoting, callable, junior and senior preferred interests

  
 
–
 
   208     634  

Other

  
 
7
 
   54     55
   

Total net income from continuing operations attributable to noncontrolling interests

  
 
7
 
   262     689
   

Deemed dividends to AIG Series E and F Preferred Stock

  
 
–
 
   –     (812 )
   

Income attributable to AIG common shareholders from continuing operations

  
 
9,001
 
   3,437     17,362
   

Income from discontinued operations

  
 
84
 
   1     2,467  

Less: Net income from discontinued operations attributable to noncontrolling interests

  
 
–
 
   –     19
   

Income attributable to AIG common shareholders from discontinued operations

  
 
84
 
   1     2,448
   

Net income attributable to AIG common shareholders

  
$
9,085
 
 $ 3,438   $ 19,810
   

Denominator for EPS:

  
 
 
 
            

Weighted average shares outstanding – basic

  
 
1,474,171,690
 
   1,687,197,038     1,799,385,757  

Dilutive shares

  
 
7,035,107
 
   29,603     72,740
   

Weighted average shares outstanding – diluted*

  
 
1,481,206,797
 
   1,687,226,641     1,799,458,497
   

Income per common share attributable to AIG:

  
 
 
 
            

Basic:

  
 
 
 
            

Income from continuing operations

  
$
6.11
 
 $ 2.04   $ 9.65  

Income from discontinued operations

  
$
0.05
 
 $ –   $ 1.36  

Net Income attributable to AIG

  
$
6.16
 
 $ 2.04   $ 11.01
   

Diluted:

  
 
 
 
            

Income from continuing operations

  
$
6.08
 
 $ 2.04   $ 9.65  

Income from discontinued operations

  
$
0.05
 
 $ –   $ 1.36  

Net Income attributable to AIG

  
$
6.13
 
 $ 2.04   $ 11.01
   

*     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 38 million, 78 million and 76 million for the years ended December 31, 2013, 2012 and 2011, respectively, because the effect of including those shares in the calculation would have been anti-dilutive.