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Earnings Per Common Share (EPS)
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Earnings Per Common Share (EPS)
19. 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:
Years Ended December 31,
(dollars in millions, except per common share data)202320222021
Numerator for EPS:
Income (loss) from continuing operations$3,878 $11,274 $10,906 
Less: Net income from continuing operations attributable to noncontrolling interests235 1,046 539 
Less: Preferred stock dividends29 29 29 
Income (loss) attributable to AIG common shareholders from continuing operations3,614 10,199 10,338 
Income (loss) from discontinued operations, net of income tax expense— (1)— 
Net income (loss) attributable to AIG common shareholders$3,614 $10,198 $10,338 
Denominator for EPS:
Weighted average common shares outstanding - basic719,506,291 778,621,118 854,320,449 
Dilutive common shares5,726,777 9,320,632 10,564,430 
Weighted average common shares outstanding - diluted(a)
725,233,068 787,941,750 864,884,879 
Income (loss) per common share attributable to AIG common shareholders:
Basic:
Income (loss) from continuing operations$5.02 $13.10 $12.10 
Income from discontinued operations$— $— $— 
Income (loss) attributable to AIG common shareholders$5.02 $13.10 $12.10 
Diluted:
Income (loss) from continuing operations$4.98 $12.94 $11.95 
Income from discontinued operations$— $— $— 
Income (loss) attributable to AIG common shareholders$4.98 $12.94 $11.95 
(a)Potential dilutive common shares include our share-based employee compensation plans and an option for Blackstone to exchange all or a portion of its ownership interest in Corebridge for AIG common shares in the event an IPO did not occur prior to 2024. As a result of the consummation of the IPO on September 19, 2022, this exchange right of Blackstone was terminated. The number of potential common shares excluded from diluted shares outstanding was 4.4 million, 24.1 million and 12.0 million for the years ended December 31, 2023, 2022 and 2021, 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 18.