XML 186 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statement of Operations (USD $)
In Millions, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Premiums $ 38,990 $ 45,319 $ 48,583
Policy fees 2,705 2,710 2,656
Net investment income 14,755 20,934 18,992
Net realized capital gains (losses):      
Total other-than-temporary impairments on available for sale securities (1,216) (1,712) (6,096)
Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Accumulated other comprehensive income 168 (812) 316
Net other-than-temporary impairments on available for sale securities recognized in net income (loss) (1,048) (2,524) (5,780)
Other realized capital gains 1,569 2,349 570
Total net realized capital gains (losses) 521 (175) (5,210)
Aircraft leasing revenue 4,508 4,749 4,967
Other income 2,758 3,989 5,459
Total revenues 64,237 77,526 75,447
Benefits, claims and expenses:      
Policyholder benefits and claims incurred 33,449 41,394 45,311
Interest credited to policyholder account balances 4,446 4,480 4,704
Amortization of deferred acquisition costs 8,019 9,134 9,442
Other acquisition and insurance expenses 6,091 6,775 6,818
Interest expense 3,871 7,981 14,358
Aircraft leasing expenses 3,974 4,050 2,385
Net loss on extinguishment of debt (see Note 1) 2,908 104  
Net (gain) loss on sale of properties and divested businesses 74 (17,767) 1,271
Other expenses 2,470 3,439 5,465
Total benefits, claims and expenses 65,302 59,590 89,754
Income (loss) from continuing operations before income tax expense (benefit) (1,065) 17,936 (14,307)
Income tax expense (benefit):      
Current 95 644 2,802
Deferred (18,131) 5,215 (4,291)
Income tax expense (benefit) (18,036) 5,859 (1,489)
Income (loss) from continuing operations 16,971 12,077 (12,818)
Income (loss) from discontinued operations, net of income tax expense (benefit) (see Note 4) 1,535 (2,064) 505
Net income (loss) 18,506 10,013 (12,313)
Less: Net income (loss) from continuing operations attributable to noncontrolling interests:      
Nonvoting, callable, junior and senior preferred interests 634 1,818 140
Other 55 355 (1,576)
Total net income (loss) from continuing operations attributable to noncontrolling interests 689 2,173 (1,436)
Net income from discontinued operations attributable to noncontrolling interests 19 54 72
Total net income (loss) attributable to noncontrolling interests 708 2,227 (1,364)
Net income (loss) attributable to AIG 17,798 7,786 (10,949)
Net income (loss) attributable to AIG common shareholders $ 16,986 $ 1,583 $ (12,244)
Basic:      
Income (loss) from continuing operations (in dollars per share) $ 8.60 $ 14.75 $ (93.69)
Income (loss) from discontinued operations (in dollars per share) $ 0.84 $ (3.15) $ 3.21
Diluted:      
Income (loss) from continuing operations (in dollars per share) $ 8.60 $ 14.75 $ (93.69)
Income (loss) from discontinued operations (in dollars per share) $ 0.84 $ (3.15) $ 3.21
Weighted average shares outstanding:      
Basic (in shares) 1,799,385,757 136,585,844 135,324,896
Diluted (in shares) 1,799,458,497 136,649,280 135,324,896