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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Premiums $ 6,507 $ 7,443
Policy fees 784 755
Net investment income 3,657 2,508
Net realized capital gains 3,250 3,519
Other income 256 218
Total revenues 14,454 14,443
Benefits, losses and expenses:    
Policyholder benefits and losses incurred 5,139 6,325
Interest credited to policyholder account balances 868 957
Amortization of deferred policy acquisition costs 1,304 1,862
General operating and other expenses 2,088 2,153
Interest expense 342 355
(Gain) loss on extinguishment of debt (8) 17
Net (gains) losses on sale or disposal of divested businesses (7) 216
Total benefits, losses and expenses 9,726 11,885
Income from continuing operations before income tax expense 4,728 2,558
Income tax expense 798 904
Income from continuing operations 3,930 1,654
Income (loss) from discontinued operations, net of income taxes 0 0
Net income 3,930 1,654
Less:    
Net income (loss) from continuing operations attributable to noncontrolling interests 54 (95)
Net income attributable to AIG 3,876 1,749
Less: Dividends on preferred stock 7 7
Net income attributable to AIG common shareholders $ 3,869 $ 1,742
Basic:    
Income from continuing operations $ 4.45 $ 1.99
Income from discontinued operations 0 0
Net income attributable to AIG common shareholders 4.45 1.99
Diluted:    
Income (loss) from continuing operations 4.41 1.98
Income from discontinued operations 0 0
Net income (loss) attributable to AIG common shareholders $ 4.41 $ 1.98
Weighted average shares outstanding:    
Basic 868,105,069 874,213,630
Diluted 876,269,924 878,866,213
Excluding Fortitude Re funds withheld assets    
Revenues:    
Net investment income $ 3,171 $ 2,508
Net realized capital gains 695 3,519
Fortitude Re funds withheld assets    
Revenues:    
Net investment income 486 0
Net realized capital gains 173 0
Fortitude Re funds withheld embedded derivative    
Revenues:    
Net realized capital gains $ 2,382 $ 0