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Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Premiums $ 7,914 $ 7,407 $ 14,421 $ 14,850
Policy fees 771 749 1,555 1,504
Net investment income 3,675 3,366 7,332 5,874
Net realized gains (losses) (1,926) (2,332) 1,324 1,187
Other income 247 206 503 424
Total revenues 10,681 9,396 25,135 23,839
Benefits, losses and expenses:        
Policyholder benefits and losses incurred 6,084 6,521 11,223 12,846
Interest credited to policyholder account balances 872 918 1,740 1,875
Amortization of deferred policy acquisition costs 915 754 2,219 2,616
General operating and other expenses 2,218 2,087 4,306 4,240
Interest expense 338 365 680 720
(Gain) loss on extinguishment of debt 106 0 98 17
Net (gains) losses on sale or disposal of divested businesses 1 8,412 (6) 8,628
Total benefits, losses and expenses 10,534 19,057 20,260 30,942
Income (loss) from continuing operations before income tax benefit 147 (9,661) 4,875 (7,103)
Income tax expense (benefit) (3) (1,896) 795 (992)
Income (loss) from continuing operations 150 (7,765) 4,080 (6,111)
Loss from discontinued operations, net of income taxes 0 (1) 0 (1)
Net income (loss) 150 (7,766) 4,080 (6,112)
Less:        
Net income from continuing operations attributable to noncontrolling interests 51 162 105 67
Net income (loss) attributable to AIG 99 (7,928) 3,975 (6,179)
Less: Dividends on preferred stock 8 8 15 15
Net income (loss) attributable to AIG common shareholders $ 91 $ (7,936) $ 3,960 $ (6,194)
Basic:        
Income (loss) from continuing operations $ 0.11 $ (9.15) $ 4.58 $ (7.11)
Income (loss) from discontinued operations 0 0 0 0
Net (income) loss attributable to AIG common shareholders 0.11 (9.15) 4.58 (7.11)
Diluted:        
Income (loss) from continuing operations 0.11 (9.15) 4.53 (7.11)
Income (loss) from discontinued operations 0 0 0 0
Net income (loss) attributable to AIG common shareholders $ 0.11 $ (9.15) $ 4.53 $ (7.11)
Weighted average shares outstanding:        
Basic 862,930,931 866,968,305 865,508,343 870,590,968
Diluted 872,877,303 866,968,305 874,566,280 870,590,968
Excluding Fortitude Re funds withheld assets        
Revenues:        
Net investment income $ 3,168 $ 3,250 $ 6,339 $ 5,758
Net realized gains (losses) (43) (1,591) 652 1,928
Fortitude Re funds withheld assets        
Revenues:        
Net investment income 507 116 993 116
Net realized gains (losses) 173 96 346 96
Benefits, losses and expenses:        
Policyholder benefits and losses incurred 21      
Fortitude Re funds withheld embedded derivative        
Revenues:        
Net realized gains (losses) $ (2,056) $ (837) $ 326 $ (837)