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Consolidated Statement of Operations (USD $)
In Millions, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Premiums $ 9,898 $ 11,073 $ 19,380 $ 21,987
Policy fees 682 657 1,366 1,305
Net investment income 4,464 5,041 10,033 10,241
Net realized capital gains (losses):        
Total other-than-temporary impairments on available for sale securities (181) (738) (399) (938)
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Accumulated other comprehensive income 56 209 59 (250)
Net other-than-temporary impairments on available for sale securities recognized in net income (loss) (125) (529) (340) (1,188)
Other realized capital gains (losses) 191 42 (245) 367
Total net realized capital gains (losses) 66 (487) (585) (821)
Aircraft leasing revenue 1,134 1,180 2,290 2,423
Other income 432 850 1,628 1,734
Total revenues 16,676 18,314 34,112 36,869
Benefits, claims and expenses:        
Policyholder benefits and claims incurred 8,086 8,743 17,045 17,336
Interest credited to policyholder account balances 1,110 1,127 2,215 2,236
Amortization of deferred acquisition costs 1,786 1,967 3,502 3,989
Other acquisition and insurance expenses 1,653 1,704 3,204 3,314
Interest expense 968 1,734 2,029 3,485
Aircraft leasing expenses 627 636 1,297 1,640
Loss on extinguishment of debt (see Note 1) 79   3,392  
Net (gain) loss on sale of properties and divested businesses 2 (198) 74 (122)
Other expenses 559 1,100 928 1,849
Total benefits, claims and expenses 14,870 16,813 33,686 33,727
Income from continuing operations before income tax expense (benefit) 1,806 1,501 426 3,142
Income tax expense (benefit) (288) 1,005 (488) 558
Income from continuing operations 2,094 496 914 2,584
Income (loss) from discontinued operations, net of income tax expense (benefit) (see Note 4) (37) (2,611) 1,616 (2,268)
Net income (loss) 2,057 (2,115) 2,530 316
Less: Net income from continuing operations attributable to noncontrolling interests:        
Nonvoting, callable, junior and senior preferred interests 141 508 393 1,027
Other 64 20 9 139
Total net income from continuing operations attributable to noncontrolling interests 205 528 402 1,166
Net income from discontinued operations attributable to noncontrolling interests 12 13 19 23
Total net income attributable to noncontrolling interests 217 541 421 1,189
Net income (loss) attributable to AIG 1,840 (2,656) 2,109 (873)
Net income (loss) attributable to AIG common shareholders $ 1,840 $ (2,656) $ 1,297 $ (176)
Basic:        
Income (loss) from continuing operations (in dollars per share) $ 1.03 $ (0.25) $ (0.18) $ 2.11
Income (loss) from discontinued operations (in dollars per share) $ (0.03) $ (19.32) $ 0.94 $ (3.41)
Diluted:        
Income (loss) from continuing operations (in dollars per share) $ 1.03 $ (0.25) $ (0.18) $ 2.11
Income (loss) from discontinued operations (in dollars per share) $ (0.03) $ (19.32) $ 0.94 $ (3.41)
Weighted average shares outstanding:        
Basic (in shares) 1,836,713,069 135,813,034 1,698,001,301 135,745,903
Diluted (in shares) 1,836,771,513 135,813,034 1,698,001,301 135,807,313