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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Premiums $ 8,063 $ 8,581 $ 23,459 $ 26,138
Policy fees 728 646 2,177 2,029
Net investment income 3,416 3,783 10,715 10,479
Net realized capital gains (losses):        
Total other-than-temporary impairments on available for sale securities (66) (58) (138) (332)
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Other comprehensive income (8) (14) (57) (36)
Net other-than-temporary impairments on available for sale securities recognized in net income (loss) (74) (72) (195) (368)
Other realized capital losses (848) (693) (911) (461)
Total net realized capital losses (922) (765) (1,106) (829)
Other income 466 609 1,640 1,540
Total revenues 11,751 12,854 36,885 39,357
Benefits, losses and expenses:        
Policyholder benefits and losses incurred 10,322 7,489 22,653 20,748
Interest credited to policyholder account balances 867 887 2,683 2,798
Amortization of deferred policy acquisition costs 912 1,018 3,135 3,625
General operating and other expenses 2,149 2,536 6,774 8,125
Interest expense 290 329 880 955
(Gain) loss on extinguishment of debt 1 (14) (4) 76
Net (gain) loss on sale of divested businesses 13 (128) 173 (351)
Total benefits, losses and expenses 14,554 12,117 36,294 35,976
Income (loss) from continuing operations before income tax expense (benefit) (2,803) 737 591 3,381
Income tax expense (benefit):        
Income tax expense (benefit) (1,091) 304 (18) 1,170
Income (loss) from continuing operations (1,712) 433 609 2,211
Income (loss) from discontinued operations, net of income tax expense (1) 3 7 (54)
Net income (loss) (1,713) 436 616 2,157
Less:        
Net income (loss) from continuing operations attributable to noncontrolling interests 26 (26) 40 (35)
Net income (loss) attributable to AIG $ (1,739) $ 462 $ 576 $ 2,192
Basic:        
Income (loss) from continuing operations $ (1.91) $ 0.43 $ 0.6 $ 2.02
Income (loss) from discontinued operations 0 0 0.01 (0.05)
Net income (loss) attributable to AIG (1.91) 0.43 0.61 1.97
Diluted:        
Income (loss) from continuing operations (1.91) 0.42 0.59 1.97
Income (loss) from discontinued operations 0 0 0.01 (0.05)
Net income (loss) attributable to AIG $ (1.91) $ 0.42 $ 0.6 $ 1.92
Weighted average shares outstanding:        
Basic 908,667,044 1,071,295,892 938,130,832 1,113,650,878
Diluted 908,667,044 1,102,400,770 961,295,946 1,142,700,207
Dividends declared per common share $ 0.32 $ 0.32 $ 0.96 $ 0.96