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Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Premiums $ 7,668 $ 8,063 $ 22,150 $ 23,459
Policy fees 530 728 2,057 2,177
Net investment income 3,396 3,416 9,722 10,715
Net realized capital losses:        
Total other-than-temporary impairments on available for sale securities (13) (66) (116) (138)
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Other comprehensive income (loss) (22) (8) (42) (57)
Net other-than-temporary impairments on available for sale securities recognized in net income (loss) (35) (74) (158) (195)
Other realized capital losses (476) (848) (207) (911)
Total net realized capital losses (511) (922) (365) (1,106)
Other income 403 466 1,265 1,640
Total revenues 11,486 11,751 34,829 36,885
Benefits, losses and expenses:        
Policyholder benefits and losses incurred 8,312 10,322 19,484 22,653
Interest credited to policyholder account balances 933 867 2,784 2,683
Amortization of deferred policy acquisition costs 1,118 912 3,813 3,135
General operating and other expenses 2,325 2,149 6,919 6,774
Interest expense 326 290 902 880
(Gain) loss on extinguishment of debt 1 1 10 (4)
Net (gain) loss on sale of divested businesses (2) 13 (35) 173
Total benefits, losses and expenses 13,013 14,554 33,877 36,294
Income (loss) from continuing operations before income tax expense (benefit) (1,527) (2,803) 952 591
Income tax expense (benefit) (307) (1,091) 291 (18)
Income (loss) from continuing operations (1,220) (1,712) 661 609
Income (loss) from discontinued operations, net of income tax expense (39) (1) (40) 7
Net income (loss) (1,259) (1,713) 621 616
Less:        
Net income (loss) from continuing operations attributable to noncontrolling interests 0 26 5 40
Net income (loss) attributable to AIG $ (1,259) $ (1,739) $ 616 $ 576
Basic:        
Income (loss) from continuing operations $ (1.37) $ (1.91) $ 0.72 $ 0.6
Income (loss) from discontinued operations (0.04) 0 (0.04) 0.01
Net income (loss) attributable to AIG common shareholders (1.41) (1.91) 0.68 0.61
Diluted:        
Income (loss) from continuing operations (1.37) (1.91) 0.71 0.59
Income (loss) from discontinued operations (0.04) 0 (0.04) 0.01
Net income (loss) attributable to AIG common shareholders $ (1.41) $ (1.91) $ 0.67 $ 0.6
Weighted average shares outstanding:        
Basic 895,237,359 908,667,044 902,081,555 938,130,832
Diluted 895,237,359 908,667,044 916,818,269 961,295,946
Dividends declared per common share $ 0.32 $ 0.32 $ 0.96 $ 0.96