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EARNINGS PER COMMON SHARE (EPS)
12 Months Ended
Dec. 31, 2019
EARNINGS PER SHARE (EPS)  
EARNINGS PER SHARE (EPS)

19. Earnings Per Common Share (EPS)

The basic EPS computation is based on the weighted average number of common shares outstanding, adjusted to reflect all stock dividends and stock splits. The diluted EPS computation is based on those shares used in the basic EPS computation plus shares that would have been outstanding assuming issuance of common shares for all dilutive potential common shares outstanding and adjusted to reflect all stock dividends and stock splits.

The following table presents the computation of basic and diluted EPS:

Years Ended December 31,

 

 

 

 

 

 

(dollars in millions, except per common share data)

 

2019

 

2018

 

2017

Numerator for EPS:

 

 

 

 

 

 

Income (loss) from continuing operations

$

4,121

$

103

$

(6,060)

Less: Net income from continuing operations attributable to noncontrolling interests

 

821

 

67

 

28

Less: Preferred stock dividends

 

22

 

-

 

-

Income (loss) attributable to AIG common shareholders from continuing operations

 

3,278

 

36

 

(6,088)

Income (loss) from discontinued operations, net of income tax expense

 

48

 

(42)

 

4

Net income (loss) attributable to AIG common shareholders

$

3,326

$

(6)

$

(6,084)

Denominator for EPS:

 

 

 

 

 

 

Weighted average common shares outstanding — basic

 

876,750,264

 

898,405,537

 

930,561,286

Dilutive common shares

 

12,761,682

 

11,735,705

 

-

Weighted average common shares outstanding — diluted(a)(b)

 

889,511,946

 

910,141,242

 

930,561,286

Income (loss) per common share attributable to AIG common shareholders:

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

Income (loss) from continuing operations

$

3.74

$

0.04

$

(6.54)

Income (loss) from discontinued operations

$

0.05

$

(0.05)

$

-

Income (loss) attributable to AIG common shareholders

$

3.79

$

(0.01)

$

(6.54)

Diluted:

 

 

 

 

 

 

Income (loss) from continuing operations

$

3.69

$

0.04

$

(6.54)

Income (loss) from discontinued operations

$

0.05

$

(0.05)

$

-

Income (loss) attributable to AIG common shareholders

$

3.74

$

(0.01)

$

(6.54)

(a)Shares in the diluted EPS calculation represent basic shares for 2017 due to the net loss in that period. The number of common shares excluded from the calculation was 22,412,682 shares.(b)Dilutive shares included our share-based employee compensation plans and a weighted average portion of the 10-year warrants issued to AIG shareholders as part of AIG’s recapitalization in January 2011. The number of shares excluded from diluted shares outstanding were 20.0 million, 19.6 million and 1.7 million for the years ended December 31, 2019, 2018 and 2017, respectively, because the effect of including those shares in the calculation would have been anti-dilutive.