American international group, inc. (AIG)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Revenues:
Premiums

7,443

7,444

7,617

7,430

8,070

8,464

7,668

7,207

7,275

7,915

8,063

7,614

7,782

8,255

8,581

8,751

8,806

9,426

8,862

9,545

8,822

9,208

9,486

9,485

9,075

9,575

9,352

9,200

9,372

9,578

9,512

9,629

9,470

9,817

9,829

9,898

9,482

11,366

11,966

11,073

10,914

9,973

11,695

14,074

12,841

21,082

21,735

Policy fees

755

778

733

769

735

734

530

763

764

758

728

725

724

703

646

696

687

689

701

688

677

667

677

640

631

457

645

623

615

461

580

567

584

285

658

682

684

732

673

657

648

-

-

-

-

-

-

Net Investment Income

2,508

3,587

3,408

3,745

3,879

2,754

3,396

3,065

3,261

3,464

3,416

3,613

3,686

3,586

3,783

3,683

3,013

3,183

3,206

3,826

3,838

3,971

4,028

3,884

4,196

4,229

3,573

3,844

4,164

4,107

4,650

4,481

7,105

4,594

128

4,464

5,569

5,462

5,231

5,041

5,200

4,810

6,409

6,858

915

2,946

6,728

Net realized capital gains (losses):
Total other-than-temporary impairments on available for sale securities

-

-

15

24

-

74

13

28

75

58

66

33

39

126

58

65

209

96

225

148

87

66

34

32

50

75

33

17

40

147

34

99

168

324

493

181

218

315

459

738

200

439

901

1,084

3,672

19,706

-

Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, before Tax, Including Portion Attributable to Noncontrolling Interest, Available-for-sale Securities

-

-

9

6

-

19

22

8

12

-26

8

28

21

-7

14

29

-7

4

17

4

10

14

1

16

4

5

6

10

1

9

36

51

285

-38

-71

-56

-3

717

345

209

-459

-

-57

369

-

-

-

Net other-than-temporary impairments on available for sale securities recognized in net income (loss)

-

-

24

30

-

93

35

36

87

32

74

61

60

119

72

94

202

100

242

152

97

80

35

48

54

80

39

27

41

156

70

150

453

286

422

125

215

532

804

529

659

435

958

715

3,672

19,706

6,720

Investments

-

-

953

434

-

328

-476

201

68

-242

-848

-8

-55

-996

-693

1,136

-904

-249

-100

278

1,438

273

571

210

-98

-124

291

1,618

341

449

716

549

202

943

1,029

200

-433

1,298

143

42

325

985

-897

-416

898

1,394

639

Gain (Loss) on Investments

3,519

-255

929

404

-446

235

-511

165

-19

-274

-922

-69

-115

-1,115

-765

1,042

-1,106

-349

-342

126

1,341

193

536

162

-152

-204

252

1,591

300

293

646

399

-251

657

607

75

-648

766

-661

-487

-334

550

-1,855

-1,131

-2,774

-18,312

-6,081

Aircraft leasing revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

489

1,113

1,117

1,118

1,111

1,074

-

-

-

-

1,089

1,129

1,134

1,156

-

1,186

1,180

1,243

-

-

-

-

-

-

Unrealized market valuation gains (losses) on Capital Markets super senior credit default swap portfolio

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-959

-636

452

7,054

5,565

Other income (loss)

218

261

227

213

218

373

403

431

431

772

466

619

555

1,581

609

552

379

882

395

1,514

1,297

1,371

1,970

1,476

1,300

2,368

1,004

2,057

1,437

1,831

1,334

1,145

589

1,825

368

427

1,196

1,788

1,060

850

884

-3,207

2,396

3,485

2,785

2,236

3,116

Revenues

14,443

11,815

12,914

12,561

12,456

12,560

11,486

11,631

11,712

12,635

11,751

12,502

12,632

13,010

12,854

14,724

11,779

13,831

12,822

15,699

15,975

15,410

16,697

16,136

16,163

17,542

15,944

18,426

16,962

20,774

16,722

16,221

17,497

18,267

12,719

16,680

17,439

16,505

19,455

18,314

18,555

18,606

19,604

23,922

13,315

898

19,933

Benefits, losses and expenses:
Policyholder benefits and losses incurred

6,325

6,029

6,892

5,802

6,679

7,928

8,312

5,505

5,667

7,319

10,322

6,284

6,047

11,689

7,489

6,872

6,387

10,758

6,936

7,100

6,551

7,510

7,203

6,771

6,797

7,269

7,416

8,090

6,728

9,126

8,002

7,789

7,119

8,145

8,333

8,086

8,959

14,006

10,050

8,743

8,593

9,051

11,340

13,570

11,353

17,189

18,450

Interest credited to policyholder account balances

957

959

966

967

940

970

933

935

916

909

867

906

910

907

887

961

950

973

881

942

935

968

882

963

955

979

924

972

1,017

1,035

1,189

1,054

1,062

1,066

1,146

1,114

1,106

1,126

1,125

1,127

1,109

-

-

-

-

-

-

Deferred acquisition costs adjustment

1,862

1,184

1,252

1,439

1,289

1,573

1,118

1,337

1,358

1,153

912

1,115

1,108

896

1,018

1,345

1,262

1,255

1,275

1,356

1,350

1,341

1,288

1,396

1,305

1,298

1,220

1,353

1,286

1,368

1,522

1,472

1,347

1,393

1,540

1,322

1,231

-162

1,994

1,967

2,022

-

-

-

-

-

-

General operating and other expenses

2,153

2,157

2,187

2,140

2,053

2,383

2,325

2,323

2,271

2,333

2,149

2,182

2,443

2,864

2,536

2,586

3,003

3,472

3,175

3,090

2,949

3,249

3,151

3,714

3,024

6,830

2,251

2,245

2,238

6,277

2,214

2,264

2,258

2,294

2,067

2,129

1,968

4,916

1,933

1,704

1,610

-1,778

3,533

4,484

3,576

6,782

6,029

Interest Expense

355

360

348

360

349

407

326

299

277

288

290

292

298

305

329

320

306

304

321

316

340

346

430

463

479

514

516

535

577

585

602

567

565

-588

970

1,001

1,061

947

2,310

1,734

1,751

7,125

2,093

2,553

2,587

2,297

1,333

Aircraft leasing expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

489

1,096

1,306

1,119

1,093

1,031

-

-

-

-

2,096

2,057

578

670

-

1,031

636

1,004

-

-

-

-

-

-

Losses on extinguishment of debt

-17

-19

0

-15

2

3

-1

-5

-4

1

-1

4

1

2

14

-7

-83

0

-346

-342

-68

-1,268

-742

-34

-238

-192

-81

-38

-340

-

-

-9

-

484

0

-79

-3,313

-

-

-

-

-

-

-

-

-

-

Restructuring expenses and related asset impairment and other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

254

326

338

-

-

Net (gain) loss on sale of divested businesses

-216

-71

-9

-1

6

3

2

25

8

241

-13

-60

-100

194

128

225

-2

-1

-3

-1

-6

1

18

2,174

4

-1

0

-47

0

-

-

-

-

-

-

-

-

19,440

4

198

-76

-82

-885

-566

262

-

-

Other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,239

888

870

-

635

1,397

680

1,386

876

577

441

880

710

1,100

749

-1,042

2,016

2,252

2,239

2,815

2,877

Total benefits, losses and expenses

11,885

10,779

11,654

10,724

11,302

13,255

13,013

10,379

10,485

11,760

14,554

10,835

10,905

16,465

12,117

11,866

11,993

16,763

12,937

13,147

12,199

14,681

13,678

11,656

13,890

15,392

14,766

15,261

14,087

26,576

14,164

14,552

13,031

15,382

16,989

14,886

18,749

-294

19,149

16,813

16,914

26,186

20,121

23,751

19,831

29,083

28,689

Income from continuing operations before income tax expense

2,558

1,036

1,260

1,837

1,154

-695

-1,527

1,252

1,227

875

-2,803

1,667

1,727

-3,455

737

2,858

-214

-2,932

-115

2,552

3,776

729

3,019

4,480

2,273

2,150

1,178

3,165

2,875

-5,802

2,558

1,669

4,466

2,885

-4,270

1,794

-1,310

16,799

306

1,501

1,641

-7,580

-517

171

-6,516

-28,185

-8,756

Foreign and U.S. components of actual income tax expense:
Income tax expense (benefit)

904

216

287

446

217

-137

-307

321

277

7,544

-1,091

557

516

-985

304

924

-58

-1,083

65

777

1,300

19

820

1,474

614

188

-970

425

717

-2,132

734

-491

1,081

-18,577

-665

-296

-226

5,949

486

1,005

-447

71

-408

-415

-1,303

-3,480

-3,357

Income from continuing operations

1,654

820

973

1,391

937

-558

-1,220

931

950

-6,669

-1,712

1,110

1,211

-2,470

433

1,934

-156

-1,849

-180

1,775

2,476

710

2,199

3,006

1,659

1,962

2,148

2,740

2,158

-3,670

1,824

2,160

3,385

21,462

-3,605

2,090

-1,084

10,850

-180

496

2,088

-7,651

-109

586

-5,213

-

-

Income from discontinued operations, net of income tax expense

0

49

0

-1

0

-2

-39

0

-1

-3

-1

8

0

-36

3

-10

-47

0

-17

16

1

-35

2

30

-47

11

-18

18

73

-279

37

179

64

140

-221

-37

2,585

3,132

-1,833

-2,611

343

1,228

94

1,259

80

-

-

Net income

1,654

869

973

1,390

937

-560

-1,259

931

949

-6,672

-1,713

1,118

1,211

-2,506

436

1,924

-203

-1,849

-197

1,791

2,477

675

2,201

3,036

1,612

1,973

2,130

2,758

2,231

-3,949

1,861

2,339

3,449

21,602

-3,826

2,053

1,501

13,982

-2,013

-2,115

2,431

-6,423

-15

1,845

-5,133

-24,705

-5,399

Net income (loss) from continuing operations attributable to noncontrolling interests:
Nonvoting, callable, junior and senior preferred interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

208

96

145

141

252

403

388

508

519

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

5

7

33

27

19

64

-55

111

104

20

119

-299

-496

-7

-774

-

-

Total net income (loss) from continuing operations attributable to noncontrolling interests

-95

-60

317

281

283

62

0

-6

11

-12

26

-12

26

535

-26

11

-20

-8

34

-9

9

20

9

-37

3

-5

-40

27

25

9

5

7

241

123

164

205

197

514

492

528

638

-159

-496

-7

-774

-

-

Net income (loss) from discontinued operations attributable to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

12

7

20

12

13

10

22

26

30

-6

-

-

Total net income (loss) attributable to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

123

164

217

204

534

504

541

648

-137

-470

23

-780

-237

-42

Net income (loss) attributable to AIG

1,749

929

656

1,109

654

-622

-1,259

937

938

-6,660

-1,739

1,130

1,185

-3,041

462

1,913

-183

-1,841

-231

1,800

2,468

655

2,192

3,073

1,609

1,978

2,170

2,731

2,206

-3,958

1,856

2,332

3,208

21,479

-3,990

1,836

1,297

13,448

-2,517

-2,656

1,783

-6,286

455

1,822

-4,353

-24,468

-5,357

Preferred Stock Dividends Income Statement Impact

7

7

8

7

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to AIG common shareholders

1,742

922

648

1,102

654

-

-1,259

937

-

-

-

-

-

-

-

-

-

-

-231

1,800

2,468

-

-

-

-

-

-

-

-

-

-

-

-

21,479

-3,990

1,836

485

6,860

-2,517

-2,656

359

-4,695

92

311

-5,365

-24,468

-5,357

Income per common share attributable to AIG common shareholders:
Basic:
Income from continuing operations

1.99

0.99

0.74

1.26

0.75

-0.66

-1.37

1.04

1.03

-7.05

-1.91

1.21

1.21

-2.74

0.43

1.73

-0.12

-1.29

-0.17

1.34

1.81

0.53

1.54

2.11

1.13

1.35

1.48

1.84

1.44

-1.98

1.11

1.23

1.68

11.95

-1.99

1.03

-1.34

19.54

-4.95

-0.25

2.16

-51.27

0.58

0.47

-40.29

-

-

Income from discontinued operations

0.00

0.05

0.00

0.00

0.00

-0.01

-0.04

0.00

0.00

-0.01

0.00

0.01

0.00

-0.03

0.00

-0.01

-0.04

0.00

-0.01

0.01

0.00

-0.03

0.00

0.02

-0.03

0.00

-0.01

0.01

0.05

-0.15

0.02

0.10

0.03

-0.15

-0.11

-0.03

1.65

30.88

-13.58

-19.32

0.50

16.59

0.10

1.83

0.62

-

-

Net income (loss) attributable to AIG

1.99

1.04

0.74

1.26

0.75

-0.67

-1.41

1.04

1.03

-7.06

-1.91

1.22

1.21

-2.77

0.43

1.72

-0.16

-1.29

-0.18

1.35

1.81

0.50

1.54

2.13

1.10

1.35

1.47

1.85

1.49

-2.13

1.13

1.33

1.71

-

-

-

-

-

-

-

-

-

-

-

-

-181.02

-41.13

Diluted:
Income from continuing operations

1.98

0.98

0.72

1.24

0.75

-0.62

-1.37

1.02

1.01

-6.99

-1.91

1.18

1.18

-2.69

0.42

1.69

-0.12

-1.27

-0.17

1.31

1.78

0.52

1.52

2.08

1.12

1.34

1.47

1.83

1.44

-1.98

1.11

1.23

1.68

11.95

-1.99

1.03

-1.34

19.54

-4.95

-0.25

2.16

-51.27

0.58

0.47

-40.29

-

-

Income (loss) from discontinued operations (in dollars per share)

0.00

0.05

0.00

0.00

0.00

-0.01

-0.04

0.00

0.00

-0.01

0.00

0.01

0.00

-0.03

0.00

-0.01

-0.04

0.00

-0.01

0.01

0.00

-0.03

0.00

0.02

-0.03

0.00

-0.01

0.01

0.05

-0.15

0.02

0.10

0.03

-0.15

-0.11

-0.03

1.65

30.88

-13.58

-19.32

0.50

16.59

0.10

1.83

0.62

-

-

Income attributable to AIG common shareholders

1.98

1.03

0.72

1.24

0.75

-0.63

-1.41

1.02

1.01

-7.00

-1.91

1.19

1.18

-2.72

0.42

1.68

-0.16

-1.27

-0.18

1.32

1.78

0.49

1.52

2.10

1.09

1.34

1.46

1.84

1.49

-2.13

1.13

1.33

1.71

-

-

-

-

-

-

-

-

-

-

-

-

-181.02

-41.13

Weighted average shares outstanding:
Basic

874

878

877

876

875

887

895

903

907

907

908

925

980

1,022

1,071

1,113

1,156

1,225

1,279

1,329

1,365

1,390

1,419

1,442

1,459

1,468

1,475

1,476

1,476

1,473

1,642

1,756

1,875

1,903

1,899

1,836

1,557

138

135

135

135

135

135

135

135

135

130,248,736

Diluted

878

896

895

888

877

903

895

916

925

860

908

948

1,005

965

1,102

1,140

1,156

1,307

1,279

1,365

1,386

1,410

1,442

1,464

1,472

1,480

1,485

1,482

1,476

1,473

1,642

1,756

1,876

1,903

1,899

1,836

1,557

139

135

135

135

135

135

135

135

135

130,248,736

Dividends declared per common share

-

-

-

-

-

-

-

-

-

-

0.32

0.32

0.32

-

0.32

0.32

0.32

0.28

0.28

0.12

0.12

0.12

0.12

0.12

0.12

-

0.10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4.42