American international group, inc. (AIG)
Income statement / TTM
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

29,934

30,561

31,581

31,632

31,409

30,614

30,065

30,460

30,867

31,374

31,714

32,232

33,369

34,393

35,564

35,845

36,639

36,655

36,437

37,061

37,001

37,254

37,621

37,487

37,202

37,499

37,502

37,662

38,091

38,189

38,428

38,745

39,014

39,026

40,575

42,712

43,887

45,319

43,926

43,655

46,656

48,583

59,692

69,732

0

0

0

Policy fees

3,035

3,015

2,971

2,768

2,762

2,791

2,815

3,013

2,975

2,935

2,880

2,798

2,769

2,732

2,718

2,773

2,765

2,755

2,733

2,709

2,661

2,615

2,405

2,373

2,356

2,340

2,344

2,279

2,223

2,192

2,016

2,094

2,209

2,309

2,756

2,771

2,746

2,710

0

0

0

-

-

-

-

-

-

Net Investment Income

13,248

14,619

13,786

13,774

13,094

12,476

13,186

13,206

13,754

14,179

14,301

14,668

14,738

14,065

13,662

13,085

13,228

14,053

14,841

15,663

15,721

16,079

16,337

15,882

15,842

15,810

15,688

16,765

17,402

20,343

20,830

16,308

16,291

14,755

15,623

20,726

21,303

20,934

20,282

21,460

23,277

18,992

17,128

17,447

0

0

0

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

-

-

193

191

-

190

174

227

232

196

264

256

288

458

428

595

678

556

526

335

219

182

191

190

175

165

237

238

320

448

625

1,084

1,166

1,216

1,207

1,173

1,730

1,712

1,836

2,278

2,624

6,096

25,363

0

0

0

-

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

-

-

37

50

-

61

16

2

22

31

50

56

57

29

40

43

18

35

45

29

41

35

26

31

25

22

26

56

97

381

334

227

120

-168

587

1,003

1,268

812

38

62

0

-

0

0

-

-

-

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

-

-

230

241

-

251

190

229

254

227

314

312

345

487

468

638

696

591

571

364

260

217

217

221

200

187

263

294

417

829

959

1,311

1,286

1,048

1,294

1,676

2,080

2,524

2,427

2,581

2,767

5,780

25,051

30,813

0

0

0

Investments

-

-

1,352

-77

-

121

-449

-821

-1,030

-1,153

-1,907

-1,752

-608

-1,457

-710

-117

-975

1,367

1,889

2,560

2,492

956

559

279

1,687

2,126

2,699

3,124

2,055

1,916

2,410

2,723

2,374

1,739

2,094

1,208

1,050

1,808

1,495

455

-3

570

979

2,515

0

0

0

Gain (Loss) on Investments

4,597

632

1,122

-318

-557

-130

-639

-1,050

-1,284

-1,380

-2,221

-2,064

-953

-1,944

-1,178

-755

-1,671

776

1,318

2,196

2,232

739

342

58

1,487

1,939

2,436

2,830

1,638

1,087

1,451

1,412

1,088

691

800

-468

-1,030

-716

-932

-2,126

-2,770

-5,210

-24,072

-28,298

0

0

0

Aircraft leasing revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,602

2,719

3,837

4,459

4,420

0

0

0

-

-

-

-

4,508

0

0

0

-

0

0

0

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,911

12,435

0

0

0

Other income (loss)

919

919

1,031

1,207

1,425

1,638

2,037

2,100

2,288

2,412

3,221

3,364

3,297

3,121

2,422

2,208

3,170

4,088

4,577

6,152

6,114

6,117

7,114

6,148

6,729

6,866

6,329

6,659

5,747

4,899

4,893

3,927

3,209

3,816

3,779

4,471

4,894

4,582

-413

923

3,558

5,459

10,902

11,622

0

0

0

Revenues

51,733

49,746

50,491

49,063

48,133

47,389

47,464

47,729

48,600

49,520

49,895

50,998

53,220

52,367

53,188

53,156

54,131

58,327

59,906

63,781

64,218

64,406

66,538

65,785

68,075

68,874

72,106

72,884

70,679

71,214

68,707

64,704

65,163

65,105

63,343

70,079

71,713

72,829

74,930

75,079

80,687

75,447

57,739

58,068

0

0

0

Benefits, losses and expenses:
Policyholder benefits and losses incurred

25,048

25,402

27,301

28,721

28,424

27,412

26,803

28,813

29,592

29,972

34,342

31,509

32,097

32,437

31,506

30,953

31,181

31,345

28,097

28,364

28,035

28,281

28,040

28,253

29,572

29,503

31,360

31,946

31,645

32,036

31,055

31,386

31,683

33,523

39,384

41,101

41,758

41,392

36,437

37,727

42,554

45,314

53,452

60,562

0

0

0

Interest credited to policyholder account balances

3,849

3,832

3,843

3,810

3,778

3,754

3,693

3,627

3,598

3,592

3,590

3,610

3,665

3,705

3,771

3,765

3,746

3,731

3,726

3,727

3,748

3,768

3,779

3,821

3,830

3,892

3,948

4,213

4,295

4,340

4,371

4,328

4,388

4,432

4,492

4,471

4,484

4,487

0

0

0

-

-

-

-

-

-

Deferred acquisition costs adjustment

5,737

5,164

5,553

5,419

5,317

5,386

4,966

4,760

4,538

4,288

4,031

4,137

4,367

4,521

4,880

5,137

5,148

5,236

5,322

5,335

5,375

5,330

5,287

5,219

5,176

5,157

5,227

5,529

5,648

5,709

5,734

5,752

5,602

5,486

3,931

4,385

5,030

5,821

0

0

0

-

-

-

-

-

-

General operating and other expenses

8,637

8,537

8,763

8,901

9,084

9,302

9,252

9,076

8,935

9,107

9,638

10,025

10,429

10,989

11,597

12,236

12,740

12,686

12,463

12,439

13,063

13,138

16,719

15,819

14,350

13,564

13,011

12,974

12,993

13,013

9,030

8,883

8,748

8,458

11,080

10,946

10,521

10,163

3,469

5,069

7,849

9,815

18,375

20,871

0

0

0

Interest Expense

1,423

1,417

1,464

1,442

1,381

1,309

1,190

1,154

1,147

1,168

1,185

1,224

1,252

1,260

1,259

1,251

1,247

1,281

1,323

1,432

1,579

1,718

1,886

1,972

2,044

2,142

2,213

2,299

2,331

2,319

1,146

1,514

1,948

2,444

3,979

5,319

6,052

6,742

12,920

12,703

13,522

14,358

9,530

8,770

0

0

0

Aircraft leasing expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,585

2,891

4,010

4,614

4,549

0

0

0

-

-

-

-

5,401

0

0

0

-

0

0

0

-

-

-

-

-

-

Losses on extinguishment of debt

-51

-32

-10

-11

-1

-7

-9

-9

0

5

6

21

10

-74

-76

-436

-771

-756

-2,024

-2,420

-2,112

-2,282

-1,206

-545

-549

-651

-468

0

0

-

-

0

-

-2,908

0

0

0

-

-

-

-

-

-

-

-

-

-

Restructuring expenses and related asset impairment and other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

Net (gain) loss on sale of divested businesses

-297

-75

-1

10

36

38

276

261

176

68

21

162

447

545

350

219

-7

-11

-9

12

2,187

2,197

2,195

2,177

-44

-48

0

0

0

-

-

-

-

-

-

-

-

19,566

44

-845

-1,609

-1,271

0

0

0

-

-

Other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

4,098

4,339

3,519

3,280

2,774

2,608

3,131

3,439

1,517

2,823

3,975

5,465

9,322

10,183

0

0

0

Total benefits, losses and expenses

45,042

44,459

46,935

48,294

47,949

47,132

45,637

47,178

47,634

48,054

52,759

50,322

51,353

52,441

52,739

53,559

54,840

55,046

52,964

53,705

52,214

53,905

54,616

55,704

59,309

59,506

70,690

70,088

69,379

68,323

57,129

59,954

60,288

66,006

50,330

52,490

54,417

52,582

79,062

80,034

86,972

89,889

92,786

101,354

0

0

0

Income from continuing operations before income tax expense

6,691

5,287

3,556

769

184

257

1,827

551

966

1,466

-2,864

676

1,867

-74

449

-403

-709

3,281

6,942

10,076

12,004

10,501

11,922

10,081

8,766

9,368

1,416

2,796

1,300

2,891

11,578

4,750

4,875

-901

13,013

17,589

17,296

20,247

-4,132

-4,955

-6,285

-14,442

-35,047

-43,286

0

0

0

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

1,853

1,166

813

219

94

154

7,835

7,051

7,287

7,526

-1,003

392

759

185

87

-152

-299

1,059

2,161

2,916

3,613

2,927

3,096

1,306

257

360

-1,960

-256

-1,172

-808

-17,253

-18,652

-18,457

-19,764

4,762

5,913

7,214

6,993

1,115

221

-1,199

-2,055

-5,606

-8,555

0

0

0

Income from continuing operations

4,838

4,121

2,743

550

90

103

-6,008

-6,500

-6,321

-6,060

-1,861

284

1,108

-259

362

-251

-410

2,222

4,781

7,160

8,391

7,574

8,826

8,775

8,509

9,008

3,376

3,052

2,472

3,699

28,831

23,402

23,332

18,863

8,251

11,676

10,082

13,254

-5,247

-5,176

-5,086

-12,387

0

0

0

-

-

Income from discontinued operations, net of income tax expense

48

48

-3

-42

-41

-42

-43

-5

3

4

-29

-25

-43

-90

-54

-74

-48

0

-35

-16

-2

-50

-4

-24

-36

84

-206

-151

10

1

420

162

-54

2,467

5,459

3,847

1,273

-969

-2,873

-946

2,924

2,661

0

0

0

-

-

Net income

4,886

4,169

2,740

508

49

61

-6,051

-6,505

-6,318

-6,056

-1,890

259

1,065

-349

308

-325

-458

2,222

4,746

7,144

8,389

7,524

8,822

8,751

8,473

9,092

3,170

2,901

2,482

3,700

29,251

23,564

23,278

21,330

13,710

15,523

11,355

12,285

-8,120

-6,122

-2,162

-9,726

-28,008

-33,392

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

208

304

449

590

634

941

1,184

1,551

1,818

0

0

0

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54

72

86

143

55

139

224

180

354

-56

-656

-683

-1,576

0

0

0

-

-

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

443

821

943

626

339

67

-7

19

13

28

575

523

546

500

-43

17

-3

26

54

29

1

-5

-30

-79

-15

7

21

66

46

262

376

535

733

689

1,080

1,408

1,731

2,172

1,499

511

-24

-1,436

0

0

0

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

39

51

52

55

57

71

88

72

0

0

0

-

-

Total net income (loss) attributable to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

708

1,119

1,459

1,783

2,227

1,556

582

64

-1,364

-1,464

-1,036

0

0

0

Net income (loss) attributable to AIG

4,443

3,348

1,797

-118

-290

-6

-6,044

-6,524

-6,331

-6,084

-2,465

-264

519

-849

351

-342

-455

2,196

4,692

7,115

8,388

7,529

8,852

8,830

8,488

9,085

3,149

2,835

2,436

3,438

28,875

23,029

22,533

20,622

12,591

14,064

9,572

10,058

-9,676

-6,704

-2,226

-8,362

-26,544

-32,356

0

0

0

Preferred Stock Dividends Income Statement Impact

29

22

15

7

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to AIG common shareholders

4,414

3,326

1,145

1,434

0

-

0

0

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

19,810

5,191

6,664

2,172

2,046

-9,509

-6,900

-3,933

-9,657

-29,430

-34,879

0

0

0

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