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Earnings Per Common Share (EPS) (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Computation of Basic and Diluted EPS | 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.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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