AMERICAN INTERNATIONAL GROUP, INC. Earnings Per Share Disclosure
| Years Ended December 31, | ||||||||||||||||||||
| (dollars in millions, except per common share data) | 2025 | 2024 | 2023 | |||||||||||||||||
| Numerator for EPS: | ||||||||||||||||||||
| Income (loss) from continuing operations | $ | 3,097 | $ | 2,700 | $ | 2,741 | ||||||||||||||
| Less: Net income attributable to noncontrolling interests | 1 | — | — | |||||||||||||||||
| Less: Preferred stock dividends and preferred stock redemption premiums | — | 22 | 29 | |||||||||||||||||
| Income (loss) attributable to AIG common shareholders from continuing operations | 3,096 | 2,678 | 2,712 | |||||||||||||||||
| Income (loss) from discontinued operations, net of income tax expense | — | (3,626) | 1,137 | |||||||||||||||||
| Less: Net income attributable to noncontrolling interests | — | 478 | 235 | |||||||||||||||||
| Income (loss) from discontinued operations, net of noncontrolling interest | — | (4,104) | 902 | |||||||||||||||||
| Net income (loss) attributable to AIG common shareholders | $ | 3,096 | $ | (1,426) | $ | 3,614 | ||||||||||||||
| Denominator for EPS: | ||||||||||||||||||||
| Weighted average common shares outstanding - basic | 565,078,072 | 651,448,307 | 719,506,291 | |||||||||||||||||
| Dilutive common shares | 5,271,916 | 5,834,853 | 5,726,777 | |||||||||||||||||
Weighted average common shares outstanding - diluted(a) | 570,349,988 | 657,283,160 | 725,233,068 | |||||||||||||||||
Income (loss) per common share attributable to AIG common shareholders: | ||||||||||||||||||||
| Basic: | ||||||||||||||||||||
| Income (loss) from continuing operations | $ | 5.48 | $ | 4.11 | $ | 3.77 | ||||||||||||||
| Income (loss) from discontinued operations | $ | — | $ | (6.30) | $ | 1.25 | ||||||||||||||
| Income (loss) attributable to AIG common shareholders | $ | 5.48 | $ | (2.19) | $ | 5.02 | ||||||||||||||
| Diluted: | ||||||||||||||||||||
| Income (loss) from continuing operations | $ | 5.43 | $ | 4.07 | $ | 3.74 | ||||||||||||||
| Income (loss) from discontinued operations | $ | — | $ | (6.24) | $ | 1.24 | ||||||||||||||
| Income (loss) attributable to AIG common shareholders | $ | 5.43 | $ | (2.17) | $ | 4.98 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 12, 2026 | Showing above |
| 2024 | Feb 13, 2025 | |
| 2018 | Feb 15, 2019 | |
| 2017 | Feb 16, 2018 | |
| 2016 | Feb 23, 2017 | |
| 2015 | Feb 19, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.