American International Group, Inc. AIG Income Statement

American international group, inc. (AIG)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
Revenues:
Premiums
30,561	30,614	31,374	34,393	36,655	37,254	37,499	38,189	39,026	45,319	48,583	63,137	61,581
Policy fees
3,015	2,791	2,935	2,732	2,755	2,615	2,340	2,192	2,309	2,710	2,656	-	-
Net Investment Income
14,619	12,476	14,179	14,065	14,053	16,079	15,810	20,343	14,755	20,934	18,992	10,453	23,933
Net realized capital gains (losses):
Total other-than-temporary impairments on available for sale securities
172	190	196	458	556	182	165	448	1,216	1,712	6,096	41,409	3,315
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, before Tax, Including Portion Attributable to Noncontrolling Interest, Available-for-sale Securities
2	61	31	29	35	35	22	381	-168	812	-316	-	-
Net other-than-temporary impairments on available for sale securities recognized in net income (loss)
174	251	227	487	591	217	187	829	1,048	2,524	5,780	41,409	3,315
Investments
806	121	-1,153	-1,457	1,367	956	2,126	1,916	1,739	1,808	570	-5,385	67
Gain (Loss) on Investments
632	-130	-1,380	-1,944	776	739	1,939	1,087	691	-716	-5,210	-46,794	-3,248
Aircraft leasing revenue
-	-	-	-	-	1,602	4,420	4,504	4,508	-	4,967	-	-
Unrealized market valuation gains (losses) on Capital Markets super senior credit default swap portfolio
-	-	-	-	-	-	-	-	-	-	-	-28,602	11,472
Other income (loss)
919	1,638	2,412	3,121	4,088	6,117	6,866	4,899	3,816	4,582	5,459	-5,034	11,013
Revenues
49,746	47,389	49,520	52,367	58,327	64,406	68,874	71,214	65,105	72,829	75,447	-6,840	81,807
Benefits, losses and expenses:
Policyholder benefits and losses incurred
25,402	27,412	29,972	32,437	31,345	28,281	29,503	32,036	33,523	41,392	45,314	51,036	50,928
Interest credited to policyholder account balances
3,832	3,754	3,592	3,705	3,731	3,768	3,892	4,340	4,432	4,487	4,611	-	-
Deferred acquisition costs adjustment
5,164	5,386	4,288	4,521	5,236	5,330	5,157	5,709	5,486	5,821	6,670	-	-
General operating and other expenses
8,537	9,302	9,107	10,989	12,686	13,138	13,564	13,013	8,458	10,163	9,815	20,833	15,644
Interest Expense
1,417	1,309	1,168	1,260	1,281	1,718	2,142	2,319	2,444	6,742	14,358	15,713	3,483
Aircraft leasing expenses
-	-	-	-	-	1,585	4,549	4,138	5,401	-	2,385	-	-
Losses on extinguishment of debt
-32	-7	5	-74	-756	-2,282	-651	-32	-2,908	-104	-	-	-
Restructuring expenses and related asset impairment and other expenses
-	-	-	-	-	-	-	-	-	-	-	771	-
Net (gain) loss on sale of divested businesses
-75	38	68	545	-11	2,197	-48	6,736	-74	19,566	-1,271	-	-
Other expenses
-	-	-	-	-	-	-	-	3,280	3,439	5,465	7,836	7,018
Total benefits, losses and expenses
44,459	47,132	48,054	52,441	55,046	53,905	59,506	68,323	66,006	52,582	89,889	96,189	77,073
Income from continuing operations before income tax expense
5,287	257	1,466	-74	3,281	10,501	9,368	2,891	-901	20,247	-14,442	-103,029	4,734
Foreign and U.S. components of actual income tax expense:
Current
545	336	636	576	820	588	680	762	95	580	2,802	1,049	1,745
Deferred
621	-182	6,890	-391	239	2,339	-320	-1,570	-19,859	6,413	-4,857	-10,732	-1,620
Income tax expense (benefit)
1,166	154	7,526	185	1,059	2,927	360	-808	-19,764	6,993	-2,055	-9,683	125
Income from continuing operations
4,121	103	-6,060	-259	2,222	7,574	9,008	3,699	18,863	13,254	-12,387	-93,346	4,609
Income from discontinued operations, net of income tax expense
48	-42	4	-90	0	-50	84	1	2,467	-969	2,661	-7,041	2,879
Net income
4,169	61	-6,056	-349	2,222	7,524	9,092	3,700	21,330	12,285	-9,726	-100,387	7,488
Net income (loss) from continuing operations attributable to noncontrolling interests:
Nonvoting, callable, junior and senior preferred interests
-	-	-	-	-	-	-	208	634	1,818	140	-	-
Other
-	-	-	-	-	-	-	54	55	354	-1,576	-984	1,209
Total net income (loss) from continuing operations attributable to noncontrolling interests
821	67	28	500	26	-5	7	262	689	2,172	-1,436	-984	1,209
Net income (loss) from discontinued operations attributable to noncontrolling interests
-	-	-	-	-	-	-	-	19	55	72	-114	79
Total net income (loss) attributable to noncontrolling interests
-	-	-	-	-	-	-	-	708	2,227	-1,364	-1,098	1,288
Net income (loss) attributable to AIG
3,348	-6	-6,084	-849	2,196	7,529	9,085	3,438	20,622	10,058	-8,362	-99,289	6,200
Preferred Stock Dividends Income Statement Impact
22	0	0	-	-	-	-	-	-	-	-	-	-
Net income attributable to AIG common shareholders
3,326	-6	-6,084	-	-	7,529	9,085	3,438	19,810	2,046	-9,657	-99,689	6,200
Income per common share attributable to AIG common shareholders:
Basic:
Income from continuing operations
3.74	0.04	-6.54	-0.70	1.69	5.31	6.11	2.04	9.65	16.50	-90.51	-704.26	26.32
Income from discontinued operations
0.05	-0.05	0.00	-0.08	0.00	-0.04	0.05	0.00	1.36	-1.52	19.14	-52.59	21.66
Net income (loss) attributable to AIG
3.79	-0.01	-6.54	-0.78	1.69	5.27	6.16	2.04	11.01	-	-	-	-
Diluted:
Income from continuing operations
3.69	0.04	-6.54	-0.70	1.65	5.24	6.08	2.04	9.65	16.50	-90.51	-704.26	26.18
Income (loss) from discontinued operations (in dollars per share)
0.05	-0.05	0.00	-0.08	0.00	-0.04	0.05	0.00	1.36	-1.52	19.14	-52.59	21.55
Income attributable to AIG common shareholders
3.74	-0.01	-6.54	-0.78	1.65	5.20	6.13	2.04	11.01	-	-	-	-
Weighted average shares outstanding:
Basic
876	898	930	1,091	1,299	1,427	1,474	1,687	1,799	136	135	131	129
Diluted
889	910	930	1,091	1,334	1,447	1,481	1,687	1,799	136	135	131	129
Dividends declared per common share
-	-	-	-	0.81	0.50	0.20	0.00	-	-	-	-	15.40