AMERICAN INTERNATIONAL GROUP INC
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
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Quarterly Financial Information (Unaudited)
- Quarterly Financial Information (Unaudited)
During the second quarter of 2024, AIG met the requirements for the deconsolidation of Corebridge and Corebridge to be presented as discontinued operations. The results of operations of Corebridge are reported as discontinued operations for all periods presented in the Consolidated Statements of Income (Loss). The financial information for the quarterly periods has been restated to reflect Corebridge as discontinued operations. For further details, see Note 4.
| Three Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|
| March 31, | June 30, | September 30, | December 31, | |||||
| (dollars in millions, except per common share data) | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 |
| Total revenues | $6,763 | $6,709 | $6,560 | $7,436 | $6,751 | $7,267 | $7,177 | $6,526 |
| Net income from continuing operations | 797 | 337 | 475 | 841 | 481 | 701 | 947 | 862 |
| Income (loss) from discontinued operations, net of income taxes | 803 | (424) | (4,359) | 850 | (24) | 2,046 | (46) | (1,335) |
| Net income (loss) | 1,600 | (87) | (3,884) | 1,691 | 457 | 2,747 | 901 | (473) |
| Net income (loss) attributable to AIG | 1,216 | 30 | (3,977) | 1,493 | 459 | 2,027 | 898 | 93 |
| Net income (loss) attributable to AIG common shareholders | 1,194 | 23 | (3,977) | 1,485 | 459 | 2,020 | 898 | 86 |
| Income per common share attributable to AIG common shareholders: | ||||||||
| Basic: | ||||||||
| Income from continuing operations | $1.14 | $0.45 | $0.72 | $1.15 | $0.75 | $0.97 | $1.53 | $1.22 |
| Income (loss) from discontinuing operations | $0.61 | $(0.42) | $(6.74) | $0.90 | $(0.03) | $1.86 | $(0.08) | $(1.10) |
| Diluted: | ||||||||
| Income from continuing operations | $1.13 | $0.44 | $0.71 | $1.14 | $0.74 | $0.97 | $1.51 | $1.21 |
| Income (loss) from discontinuing operations | $0.61 | $(0.41) | $(6.67) | $0.89 | $(0.03) | $1.84 | $(0.08) | $(1.09) |
| Weighted average shares outstanding: | ||||||||
| Basic | 682,576,848 | 738,661,428 | 661,092,967 | 725,754,549 | 641,621,768 | 712,598,496 | 620,940,268 | 701,485,716 |
| Diluted | 687,961,518 | 744,099,186 | 666,955,168 | 730,547,112 | 647,365,442 | 718,727,312 | 627,289,135 | 708,033,686 |
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