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Earnings Per Common Share (EPS) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Common Share (EPS) | 15. 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 common 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, using the treasury stock method or the if-converted method, as applicable. The following table presents the computation of basic and diluted EPS:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |  |
(dollars in millions, except per common share data) |  | 2024 |  | 2023 |  |  | 2024 |  | 2023 |  |
Numerator for EPS: |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 475 |  |  | $ | 841 |  |  |  | $ | 1,272 |  |  | $ | 1,178 |  |  |
Less: Preferred stock dividends and preferred stock redemption premiums |  | — |  |  | 8 |  |  |  | 22 |  |  | 15 |  |  |
Income attributable to AIG common shareholders from continuing operations |  | 475 |  |  | 833 |  |  |  | 1,250 |  |  | 1,163 |  |  |
Income (loss) from discontinued operations, net of income tax expense |  | (4,359) |  |  | 850 |  |  |  | (3,556) |  |  | 426 |  |  |
Less: Net income attributable to noncontrolling interests |  | 93 |  |  | 198 |  |  |  | 477 |  |  | 81 |  |  |
Income (loss) from discontinued operations, net of noncontrolling interest |  | (4,452) |  |  | 652 |  |  |  | (4,033) |  |  | 345 |  |  |
Net income (loss) attributable to AIG common shareholders |  | $ | (3,977) |  |  | $ | 1,485 |  |  |  | $ | (2,783) |  |  | $ | 1,508 |  |  |
Denominator for EPS: |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding - basic |  | 661,092,967 |  |  | 725,754,549 |  |  |  | 671,834,907 |  |  | 732,175,533 |  |  |
Dilutive common shares |  | 5,862,201 |  |  | 4,792,563 |  |  |  | 5,623,436 |  |  | 5,115,161 |  |  |
Weighted average common shares outstanding - diluted(a) |  | 666,955,168 |  |  | 730,547,112 |  |  |  | 677,458,343 |  |  | 737,290,694 |  |  |
Income (loss) per common share attributable to AIG common shareholders: |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.72 |  |  | $ | 1.15 |  |  |  | $ | 1.86 |  |  | $ | 1.59 |  |  |
Income (loss) from discontinued operations |  | $ | (6.74) |  |  | $ | 0.90 |  |  |  | $ | (6.00) |  |  | $ | 0.47 |  |  |
Income (loss) attributable to AIG common shareholders |  | $ | (6.02) |  |  | $ | 2.05 |  |  |  | $ | (4.14) |  |  | $ | 2.06 |  |  |
Diluted: |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.71 |  |  | $ | 1.14 |  |  |  | $ | 1.85 |  |  | $ | 1.58 |  |  |
Income (loss) from discontinued operations |  | $ | (6.67) |  |  | $ | 0.89 |  |  |  | $ | (5.96) |  |  | $ | 0.47 |  |  |
Income (loss) attributable to AIG common shareholders |  | $ | (5.96) |  |  | $ | 2.03 |  |  |  | $ | (4.11) |  |  | $ | 2.05 |  |  |
(a)Potential dilutive common shares include our share-based employee compensation plans. The number of potential common shares excluded from diluted shares outstanding was 0.1 million and 0.1 million for the three and six months ended June 30, 2024, respectively, and 6.6 million and 5.5 million for the three and six months ended June 30, 2023, respectively, because the effect of including those common shares in the calculation would have been anti-dilutive. For information regarding our repurchases of AIG Common Stock, see Note 14.

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