EARNINGS PER COMMON SHARE (EPS) (Tables)

12 Months Ended

Dec. 31, 2020

EARNINGS PER COMMON SHARE (EPS)

Computation of basic and diluted EPS

Years Ended December 31,
(dollars in millions, except per common share data)		2020		2019		2018
Numerator for EPS:
Income (loss) from continuing operations	$	(5,833)	$	4,121	$	103
Less: Net income from continuing operations attributable to noncontrolling interests		115		821		67
Less: Preferred stock dividends		29		22		-
Income (loss) attributable to AIG common shareholders from continuing operations		(5,977)		3,278		36
Income (loss) from discontinued operations, net of income tax expense		4		48		(42)
Net income (loss) attributable to AIG common shareholders	$	(5,973)	$	3,326	$	(6)
Denominator for EPS:
Weighted average common shares outstanding – basic		869,309,458		876,750,264		898,405,537
Dilutive common shares		-		12,761,682		11,735,705
Weighted average common shares outstanding – diluted(a)(b)		869,309,458		889,511,946		910,141,242
Income (loss) per common share attributable to AIG common shareholders:
Basic:
Income (loss) from continuing operations	$	(6.88)	$	3.74	$	0.04
Income (loss) from discontinued operations	$	-	$	0.05	$	(0.05)
Income (loss) attributable to AIG common shareholders	$	(6.88)	$	3.79	$	(0.01)
Diluted:
Income (loss) from continuing operations	$	(6.88)	$	3.69	$	0.04
Income (loss) from discontinued operations	$	-	$	0.05	$	(0.05)
Income (loss) attributable to AIG common shareholders	$	(6.88)	$	3.74	$	(0.01)

(a)For the year ended December 31, 2020, because we reported a net loss attributable to AIG common shareholders, all common stock equivalents are anti-dilutive and are therefore excluded from the calculation of diluted shares and diluted per share amounts. The number of common shares excluded from the calculation was 5,401,597 shares.(b)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, which expired in January 2021. The number of common shares excluded from diluted shares outstanding was 68.7 million, 20.0 million and 19.6 million for the years ended December 31, 2020, 2019 and 2018, respectively, because the effect of including those common shares in the calculation would have been anti-dilutive.