QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2011

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

23. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

CONSOLIDATED STATEMENTS OF INCOME (LOSS)

			Three Months Ended
			March 31,						June 30,						September 30,						December 31,
(dollars in millions, except per share data)
			2011			2010			2011			2010			2011			2010			2011			2010
Total revenues			$	17,436		$	18,555		$	16,676		$	18,314		$	12,716		$	19,455		$	17,409		$	21,202
Income (loss) from continuing operations before income tax expense (benefit)				(1,380	)		1,641			1,806			1,501			(4,358	)		306			2,867			14,488
Income (loss) from discontinued operations, net of income tax expense (benefit)				1,653			343			(37	)		(2,611	)		(221	)		(1,833	)		140			2,037
Net income (loss)				473			2,431			2,057			(2,115	)		(3,945	)		(2,013	)		19,921			11,710
Net income from continuing operations attributable to noncontrolling interests:
		Nonvoting, callable, junior, and senior preferred interests		252			519			141			508			145			388			96			403
		Other		(55	)		119			64			20			19			104			27			112
Total net income from continuing operations attributable to noncontrolling interests				197			638			205			528			164			492			123			515
Net income (loss) attributable to AIG			$	269		$	1,783		$	1,840		$	(2,656	)	$	(4,109	)	$	(2,517	)	$	19,798		$	11,176
Earnings (loss) per common share attributable to AIG common shareholders:
	Basic:
		Income (loss) from continuing operations	$	(1.41	)	$	2.16		$	1.03		$	(0.25	)	$	(2.05	)	$	(4.95	)	$	10.36		$	13.60
		Income (loss) from discontinued operations	$	1.06		$	0.50		$	(0.03	)	$	(19.32	)	$	(0.11	)	$	(13.58	)	$	0.07		$	3.00
	Diluted:
		Income (loss) from continuing operations	$	(1.41	)	$	2.16		$	1.03		$	(0.25	)	$	(2.05	)	$	(4.95	)	$	10.36		$	13.60
		Income (loss) from discontinued operations	$	1.06		$	0.50		$	(0.03	)	$	(19.32	)	$	(0.11	)	$	(13.58	)	$	0.07		$	3.00
Weighted average shares outstanding:
	Basic			1,557,748,353			135,658,680			1,836,713,069			135,813,034			1,899,500,628			135,879,125			1,898,734,116			138,395,856
	Diluted			1,557,748,353			135,724,939			1,836,771,513			135,813,034			1,899,500,628			135,879,125			1,898,845,071			138,447,775
Noteworthy quarterly items – income (expense):
	Other-than-temporary impairments			(254	)		(864	)		(181	)		(583	)		(496	)		(824	)		(349	)		(768	)
	Net gain (loss) on sale of divested businesses			(72	)		(76	)		(2	)		198			(2	)		4			2			17,641
	Adjustment to federal and foreign deferred tax valuation allowance			(563	)		750			570			(539	)		(1,226	)		110			17,780			(1,807	)
	Accelerated amortization of prepaid commitment fee asset			-			(162	)		-			(76	)		-			(762	)		-			(705	)
	Reserve strengthening charge			-			-			-			-			-			-			-			(4,203	)
	Net gain (loss) on extinguishment of debt			(3,313	)		-			(79	)		-			-			-			484			(104	)
	Aircraft Leasing impairment charges, fair value adjustments and lease-related charges			(113	)		(431	)		(42	)		(66	)		(1,518	)		(465	)		(16	)		(742	)
	Change in fair value of AIA securities			1,062			-			1,521			-			(2,315	)		-			1,021			(638	)
	Change in fair value of Maiden Lane Interests			995			911			(843	)		478			(974	)		457			218			459