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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Premiums $ 7,443 $ 8,070
Policy fees 755 735
Net investment income 2,508 3,879
Net realized capital gains (losses) 3,519 (446)
Other income 218 218
Total revenues 14,443 12,456
Benefits, losses and expenses:    
Policyholder benefits and losses incurred 6,325 6,679
Interest credited to policyholder account balances 957 940
Amortization of deferred policy acquisition costs 1,862 1,289
General operating and other expenses 2,153 2,053
Interest expense 355 349
(Gains) losses on extinguishment of debt 17 (2)
Net (gain) loss on sale of divested businesses 216 (6)
Total benefits, losses and expenses 11,885 11,302
Income from continuing operations before income tax expense 2,558 1,154
Income tax expense 904 217
Income from continuing operations 1,654 937
Income (loss) from discontinued operations, net of income taxes 0 0
Net income 1,654 937
Less:    
Net income (loss) from continuing operations attributable to noncontrolling interests (95) 283
Net income attributable to AIG 1,749 654
Less: Dividends on peferred stock 7 0
Net income attributable to AIG common shareholders $ 1,742 $ 654
Basic:    
Income from continuing operations $ 1.99 $ 0.75
Income from discontinued operations 0 0
Net income attributable to AIG common shareholders 1.99 0.75
Diluted:    
Income from continuing operations 1.98 0.75
Income from discontinued operations 0 0
Net income attributable to AIG common shareholders $ 1.98 $ 0.75
Weighted average shares outstanding:    
Basic 874,213,630 875,383,084
Diluted 878,866,213 877,512,244