EARNINGS PER COMMON SHARE (EPS) (Tables)

3 Months Ended

Mar. 31, 2022

EARNINGS PER COMMON SHARE (EPS)

Computation of basic and diluted EPS

Three Months Ended March 31,
(dollars in millions, except per common share data)		2022		2021
Numerator for EPS:
Income from continuing operations	$	4,656	$	3,930
Less: Net income from continuing operations attributable to noncontrolling interests		396		54
Less: Preferred stock dividends		7		7
Income attributable to AIG common shareholders from continuing operations		4,253		3,869
Income from discontinued operations, net of income tax expense		-		-
Net income attributable to AIG common shareholders		4,253		3,869
Denominator for EPS:
Weighted average common shares outstanding - basic		816,314,273		868,105,069
Dilutive common shares		9,698,337		8,164,855
Weighted average common shares outstanding - diluted(a)		826,012,610		876,269,924
Income per common share attributable to AIG common shareholders:
Basic:
Income from continuing operations	$	5.21	$	4.45
Income from discontinued operations	$	-	$	-
Income attributable to AIG common shareholders	$	5.21	$	4.45
Diluted:
Income from continuing operations	$	5.15	$	4.41
Income from discontinued operations	$	-	$	-
Income attributable to AIG common shareholders	$	5.15	$	4.41

(a)Potential dilutive common shares include our share-based employee compensation plans, 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 and an option for Blackstone to exchange all or a portion of its ownership interest in Corebridge for AIG common shares. The number of common shares excluded from diluted shares outstanding was 39.9 million and 9.2 million for the three-month periods ended March 31, 2022 and 2021, respectively, because the effect of including those common shares in the calculation would have been anti-dilutive.