XML 78 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Premiums $ 31,374 $ 34,393 $ 36,655
Policy fees 2,935 2,732 2,755
Net investment income 14,179 14,065 14,053
Net realized capital gains (losses):      
Total other-than-temporary impairments on available for sale securities (196) (458) (556)
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Other comprehensive income (loss) (31) (29) (35)
Net other-than-temporary impairments on available for sale securities recognized in net income (loss) (227) (487) (591)
Other realized capital gains (losses) (1,153) (1,457) 1,367
Total net realized capital gains (losses) (1,380) (1,944) 776
Other income 2,412 3,121 4,088
Total revenues 49,520 52,367 58,327
Benefits, losses and expenses:      
Policyholder benefits and losses incurred 29,972 32,437 31,345
Interest credited to policyholder account balances 3,592 3,705 3,731
Amortization of deferred policy acquisition costs 4,288 4,521 5,236
General operating and other expenses 9,107 10,989 12,686
Interest expense 1,168 1,260 1,281
(Gain) loss on extinguishment of debt (5) 74 756
Net (gain) loss on sale of divested businesses (68) (545) 11
Total benefits, losses and expenses 48,054 52,441 55,046
Income (loss) from continuing operations before income tax expense (benefit) 1,466 (74) 3,281
Income tax expense (benefit):      
Current 636 576 820
Deferred 6,890 (391) 239
Income tax expense (benefit) 7,526 185 1,059
Income (loss) from continuing operations (6,060) (259) 2,222
Income (loss) from discontinued operations, net of income tax expense 4 (90) 0
Net income (loss) (6,056) (349) 2,222
Less:      
Net income (loss) from continuing operations attributable to noncontrolling interests 28 500 26
Net income (loss) attributable to AIG $ (6,084) $ (849) $ 2,196
Basic:      
Income (loss) from continuing operations $ (6.54) $ (0.7) $ 1.69
Income (loss) from discontinued operations 0 (0.08) 0
Net income (loss) attributable to AIG (6.54) (0.78) 1.69
Diluted:      
Income (loss) from continuing operations (6.54) (0.7) 1.65
Income (loss) from discontinued operations 0 (0.08) 0
Net income (loss) attributable to AIG $ (6.54) $ (0.78) $ 1.65
Weighted average shares outstanding:      
Basic 930,561,286 1,091,085,131 1,299,825,350
Diluted 930,561,286 1,091,085,131 1,334,464,883
Dividends declared per common share $ 1.28 $ 1.28 $ 0.81