EARNINGS PER COMMON SHARE (EPS)

3 Months Ended

Mar. 31, 2020

EARNINGS PER SHARE (EPS)

EARNINGS PER SHARE (EPS)

13. 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.

The following table presents the computation of basic and diluted EPS:

Three Months Ended March 31,
(dollars in millions, except per common share data)		2020		2019
Numerator for EPS:
Income from continuing operations	$	1,654	$	937
Less: Net income (loss) from continuing operations attributable to noncontrolling interests		(95)		283
Less: Preferred stock dividends		7		-
Income attributable to AIG common shareholders from continuing operations		1,742		654
Income from discontinued operations, net of income tax expense		-		-
Net income attributable to AIG common shareholders	$	1,742	$	654
Denominator for EPS:
Weighted average common shares outstanding — basic		874,213,630		875,383,084
Dilutive common shares		4,652,583		2,129,160
Weighted average common shares outstanding — diluted(a)		878,866,213		877,512,244
Income per common share attributable to AIG common shareholders:
Basic:
Income from continuing operations	$	1.99	$	0.75
Income from discontinued operations	$	-	$	-
Income attributable to AIG common shareholders	$	1.99	$	0.75
Diluted:
Income from continuing operations	$	1.98	$	0.75
Income from discontinued operations	$	-	$	-
Income attributable to AIG common shareholders	$	1.98	$	0.75

(a)Dilutive common shares included our share-based employee compensation plans and a weighted average portion of the 10-year warrants issued to AIG shareholders as part of AIG’s recapitalization in January 2011. The number of common shares excluded from diluted shares outstanding was 67.2 million and 64.3 million for the three-month periods ended March 31, 2020 and 2019, respectively, because the effect of including those common shares in the calculation would have been anti-dilutive.For information about our repurchases of AIG Common Stock see Note 12 herein.