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EARNINGS PER SHARE (EPS) (Tables)
 6 Months Ended
Jun. 30, 2013
EARNINGS PER SHARE (EPS)  
Computation of basic and diluted EPS

 

 

 
  


   
  


   
  
   
 
   Three Months Ended
June 30,		   Six Months Ended
June 30,		  
(dollars in millions, except per share data)
  
 

2013

   2012
  

2013

   2012
  
   

Numerator for EPS:

  
 
 
 
      
 
 
 
      

Income from continuing operations

  
$
2,725
 
   2,160  
$
4,863
 
 $ 5,545  

Less: Net income from continuing operations attributable to noncontrolling interests:

  
 
 
 
      
 
 
 
      

Nonvoting, callable, junior and senior preferred interests

  
 
–
 
   –  
 
–
 
   208  

Other

  
 
27
 
   7  
 
52
 
   40
   

Total net income from continuing operations attributable to noncontrolling interests

  
 
27
 
   7  
 
52
 
   248
   

Income attributable to AIG from continuing operations

  
 
2,698
 
   2,153  
 
4,811
 
   5,297
   

Income attributable to AIG from discontinued operations

  
 
33
 
   179  
 
126
 
   243
   

Net income attributable to AIG

  
$
2,731
 
   2,332  
$
4,937
 
 $ 5,540
   

Denominator for EPS:

  
 
 
 
      
 
 
 
      

Weighted average shares outstanding — basic

  
 
1,476,512,720
 
   1,756,689,067  
 
1,476,491,719
 
   1,816,331,019  

Dilutive shares

  
 
5,733,898
 
   25,408  
 
2,970,893
 
   27,606
   

Weighted average shares outstanding — diluted*

  
 
1,482,246,618
 
   1,756,714,475  
 
1,479,462,612
 
   1,816,358,625
   

Income per common share attributable to AIG:

  
 
 
 
      
 
 
 
      

Basic:

  
 
 
 
      
 
 
 
      

Income from continuing operations

  
$
1.83
 
 $ 1.23  
$
3.26
 
 $ 2.92  

Income from discontinued operations

  
$
0.02
 
 $ 0.10  
$
0.08
 
 $ 0.13  

Net Income attributable to AIG

  
$
1.85
 
 $ 1.33  
$
3.34
 
 $ 3.05
   

Diluted:

  
 
 
 
      
 
 
 
      

Income from continuing operations

  
$
1.82
 
 $ 1.23  
$
3.25
 
 $ 2.92  

Income from discontinued operations

  
$
0.02
 
 $ 0.10  
$
0.08
 
 $ 0.13  

Net Income attributable to AIG

  
$
1.84
 
 $ 1.33  
$
3.33
 
 $ 3.05
   

*     Dilutive shares are calculated using the treasury stock method and include dilutive shares from share-based employee compensation plans, and a pro-rata portion of the warrants issued to the Department of the Treasury in 2008 and 2009, all of which warrants were purchased by AIG in the first quarter of 2013. The number of shares excluded from diluted shares outstanding were 75 million and 76 million for the three- and six-month periods ended June 30, 2013, respectively, and 78 million for both the three- and six-month periods ended June 30, 2012, respectively, because the effect of including those shares, warrants, and options in the calculation would have been anti-dilutive.