XML 70 R5.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Premiums $ 7,504 $ 6,677 $ 21,925 $ 21,527
Policy fees 714 648 2,269 2,152
Net investment income 3,715 3,800 11,047 9,674
Net realized gains (losses) 660 (1,122) 1,984 65
Other income 242 218 745 642
Total revenues 12,835 10,221 37,970 34,060
Benefits, losses and expenses:        
Policyholder benefits and losses incurred 5,959 5,872 17,182 18,718
Interest credited to policyholder account balances 923 882 2,663 2,757
Amortization of deferred policy acquisition costs 1,260 707 3,479 3,323
General operating and other expenses 2,240 1,991 6,546 6,231
Interest expense 328 379 1,008 1,099
(Gain) loss on extinguishment of debt 51 (2) 149 15
Net (gain) loss on divestitures (102) 24 (108) 8,652
Total benefits, losses and expenses 10,659 9,853 30,919 40,795
Income (loss) from continuing operations before income tax expense (benefit) 2,176 368 7,051 (6,735)
Income tax expense (benefit) 439 74 1,234 (918)
Income (loss) from continuing operations 1,737 294 5,817 (5,817)
Income from discontinued operations, net of income taxes 0 5 0 4
Net income (loss) 1,737 299 5,817 (5,813)
Less:        
Net income from continuing operations attributable to noncontrolling interests 70 11 175 78
Net income (loss) attributable to AIG 1,667 288 5,642 (5,891)
Less: Dividends on preferred stock 7 7 22 22
Net income (loss) attributable to AIG common shareholders $ 1,660 $ 281 $ 5,620 $ (5,913)
Basic:        
Income (loss) from continuing operations $ 1.95 $ 0.31 $ 6.53 $ (6.80)
Income (loss) from discontinued operations 0 0.01 0 0
Net income (loss) attributable to AIG common shareholders 1.95 0.32 6.53 (6.80)
Diluted:        
Income (loss) from continuing operations 1.92 0.31 6.45 (6.80)
Income from discontinued operations 0 0.01 0 0
Net income (loss) attributable to AIG common shareholders $ 1.92 $ 0.32 $ 6.45 $ (6.80)
Weighted average shares outstanding:        
Basic 852,765,263 867,713,308 861,211,983 869,627,926
Diluted 864,019,494 873,130,950 871,002,018 869,627,926
Excluding Fortitude Re funds withheld assets        
Revenues:        
Net investment income $ 3,220 $ 3,342 $ 9,559 $ 9,100
Net realized gains (losses) 679 (498) 1,331 1,430
Fortitude Re funds withheld assets        
Revenues:        
Net investment income 495 458 1,488 574
Net realized gains (losses) 190 32 536 128
Benefits, losses and expenses:        
Policyholder benefits and losses incurred 21      
Fortitude Re funds withheld embedded derivative        
Revenues:        
Net realized gains (losses) $ (209) $ (656) $ 117 $ (1,493)