AMERICAN INTERNATIONAL GROUP INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
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Earnings Per Common Share (EPS)
- Earnings Per Common Share (EPS)
The basic EPS computation is based on the weighted average number of common shares outstanding, adjusted to reflect all stock dividends and stock splits. The diluted EPS computation is based on those shares used in the basic EPS computation plus common shares that would have been outstanding assuming issuance of common shares for all dilutive potential common shares outstanding and adjusted to reflect all stock dividends and stock splits, using the treasury stock method or the if-converted method, as applicable.
The following table presents the computation of basic and diluted EPS:
| Three Months Ended March 31, | ||
|---|---|---|
| (dollars in millions, except per common share data) | 2024 | 2023 |
| Numerator for EPS: | ||
| Income (loss) from continuing operations | $1,600 | $(87) |
| Less: Net income (loss) from continuing operations attributable to noncontrolling interests | 384 | (117) |
| Less: Preferred stock dividends and preferred stock redemption premiums | 22 | 7 |
| Income (loss) attributable to AIG common shareholders from continuing operations | 1,194 | 23 |
| Income (loss) from discontinued operations, net of income tax expense | — | — |
| Net income (loss) attributable to AIG common shareholders | $1,194 | $23 |
| Denominator for EPS: | ||
| Weighted average common shares outstanding - basic | 682,576,848 | 738,661,428 |
| Dilutive common shares | 5,384,670 | 5,437,758 |
| Weighted average common shares outstanding - diluted(a) | 687,961,518 | 744,099,186 |
| Income (loss) per common share attributable to AIG common shareholders: | ||
| Basic: | ||
| Income (loss) from continuing operations | $1.75 | $0.03 |
| Income from discontinued operations | $— | $— |
| Income (loss) attributable to AIG common shareholders | $1.75 | $0.03 |
| Diluted: | ||
| Income (loss) from continuing operations | $1.74 | $0.03 |
| Income from discontinued operations | $— | $— |
| Income (loss) attributable to AIG common shareholders | $1.74 | $0.03 |
(a)Potential dilutive common shares include our share-based employee compensation plans. The number of potential common shares excluded from diluted shares outstanding was 0.1 million and 4.5 million for the three months ended March 31, 2024 and 2023, respectively, because the effect of including those common shares in the calculation would have been anti-dilutive.
For information regarding our repurchases of AIG Common Stock, see Note 16.
| AIG | First Quarter 2024 Form 10-Q | 63 |
|---|
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