AIG 2011 Annual Report Download - page 61

ITEM 6. SELECTED FINANCIAL DATA
The Selected Consolidated Financial Data should be read in conjunction with Management’s Discussion and
Analysis of Financial Condition and Results of Operations and the Consolidated Financial Statements and
accompanying notes included elsewhere herein.
Years Ended December 31,
(in millions, except per share data) 2011 2010 2009 2008 2007
Revenues:
Premiums $ 38,990 $ 45,319 $ 48,583 $ 60,147 $ 58,575
Policy fees 2,705 2,710 2,656 2,990 3,006
Net investment income 14,755 20,934 18,992 10,453 23,933
Net realized capital gains (losses) 521 (175) (5,210) (46,794) (3,248)
Aircraft leasing revenue 4,508 4,749 4,967 4,830 4,431
Other income 2,758 3,989 5,459 (38,293) (5,180)
Total revenues 64,237 77,526 75,447 (6,667) 81,517
Benefits, claims and expenses:
Policyholder benefits and claims incurred 33,449 41,394 45,311 45,447 44,995
Interest credited to policyholder account balances 4,446 4,480 4,704 5,589 5,933
Amortization of deferred acquisition costs 8,019 9,134 9,442 9,439 9,652
Other acquisition and insurance expenses 6,091 6,775 6,818 11,571 5,992
Interest expense 3,871 7,981 14,358 15,997 3,483
Aircraft leasing expenses 3,974 4,050 2,385 2,137 1,880
Net loss on extinguishment of debt 2,908 104 - - -
Net (gain) loss on sale of properties and divested businesses 74 (17,767) 1,271 - -
Other expenses 2,470 3,439 5,465 6,182 4,848
Total benefits, claims and expenses 65,302 59,590 89,754 96,362 76,783
Income (loss) from continuing operations before income tax expense (benefit) (1,065) 17,936 (14,307) (103,029) 4,734
Income tax expense (benefit) (18,036) 5,859 (1,489) (9,683) 125
Income (loss) from continuing operations 16,971 12,077 (12,818) (93,346) 4,609
Income (loss) from discontinued operations, net of tax 1,535 (2,064) 505 (7,041) 2,879
Net income (loss) 18,506 10,013 (12,313) (100,387) 7,488
Net income (loss) attributable to AIG 17,798 7,786 (10,949) (99,289) 6,200
Income (loss) per common share attributable to AIG common shareholders
Basic
Income (loss) from continuing operations 8.60 14.75 (93.69) (704.26) 26.32
Income (loss) from discontinued operations 0.84 (3.15) 3.21 (52.59) 21.66
Net income (loss) attributable to AIG 9.44 11.60 (90.48) (756.85) 47.98
Diluted
Income (loss) from continuing operations 8.60 14.75 (93.69) (704.26) 26.18
Income (loss) from discontinued operations 0.84 (3.15) 3.21 (52.59) 21.55
Net income (loss) attributable to AIG 9.44 11.60 (90.48) (756.85) 47.73
Dividends declared per common share -- - 8.40 15.40
Year-end balance sheet data:
Total investments 410,438 410,412 601,165 636,912 829,468
Total assets 555,773 683,443 847,585 860,418 1,048,361
Long-term debt 75,253 106,461 136,733 177,485 162,935
Total liabilities 441,444 569,770 748,550 797,692 942,038
Total AIG shareholders’ equity 104,951 85,319 69,824 52,710 95,801
Total equity 105,806 113,239 98,076 60,805 104,273
Other data (from continuing operations):
Other-than-temporary impairments 1,280 3,039 6,696 41,867 4,212
Goodwill impairment charges -- 693 3,744 -
Adjustment to federal and foreign deferred tax valuation allowance (16,561) 1,486 3,137 20,121 212
Amortization of prepaid commitment fee 49 3,471 8,359 9,279 -
Catastrophe-related losses $ 3,307 $ 1,076 $ 53 $ 1,840 $ 276
AIG 2011 Form 10-K 47