AIG 2013 Annual Report Download - page 230

Revenues:
Premiums $ 38,047 $ 39,026
Policy fees 2,349 2,309
Net investment income 20,343 14,755
Net realized capital gains:
Total other-than-temporary impairments on available for sale securities (448) (1,216)
Portion of other-than-temporary impairments on available for sale fixed maturity securities
recognized in Other comprehensive income (loss) (381) 168
Net other-than-temporary impairments on available for sale
securities recognized in net income (829) (1,048)
Other realized capital gains 1,759 1,739
Total net realized capital gains 930 691
Aircraft leasing revenue 4,504 4,508
Other income 4,848 3,816
Total revenues 71,021 65,105
Benefits, claims and expenses:
Policyholder benefits and claims incurred 32,036 33,523
Interest credited to policyholder account balances 4,340 4,432
Amortization of deferred policy acquisition costs 5,709 5,486
Other acquisition and insurance expenses 9,235 8,458
Interest expense 2,319 2,444
Aircraft leasing expenses 4,138 5,401
Loss on extinguishment of debt 32 2,908
Net loss on sale of properties and divested businesses 6,736 74
Other expenses 3,585 3,280
Total benefits, claims and expenses 68,130 66,006
Income (loss) from continuing operations before income tax expense (benefit) 2,891 (901)
Income tax expense (benefit):
Current 762 95
Deferred (1,570) (19,859)
Income tax expense (benefit) (808) (19,764)
Income from continuing operations 3,699 18,863
Income from discontinued operations, net of income tax expense 1 2,467
Net income 3,700 21,330
Less:
Net income from continuing operations attributable to noncontrolling interests:
Nonvoting, callable, junior and senior preferred interests 208 634
Other 54 55
Total net income from continuing operations attributable to noncontrolling interests 262 689
Net income from discontinued operations attributable to noncontrolling interests –19
Total net income attributable to noncontrolling interests 262 708
Net income attributable to AIG $ 3,438 $ 20,622
Net income attributable to AIG common shareholders $ 3,438 $ 19,810
Income per common share attributable to AIG:
Basic:
Income from continuing operations $ 2.04 $ 9.65
Income from discontinued operations $ – $ 1.36
Net income attributable to AIG $ 2.04 $ 11.01
Diluted:
Income from continuing operations $ 2.04 $ 9.65
Income from discontinued operations $ – $ 1.36
Net income attributable to AIG $ 2.04 $ 11.01
Weighted average shares outstanding:
Basic 1,687,197,038 1,799,385,757
Diluted 1,687,226,641 1,799,458,497
Dividends declared per common share $–$–
See accompanying Notes to Consolidated Financial Statements.
AMERICAN INTERNATIONAL GROUP, INC.
CONSOLIDATED STATEMENTS OF INCOME
..................................................................................................................................................................................................................................
AIG 2013 Form 10-K212
Years Ended December 31,
(dollars in millions, except per share data) 2013 2012 2011
$ 37,350
2,535
15,810
(165)
(22)
(187)
1,931
1,744
4,420
6,819
68,678
29,503
3,892
5,157
9,166
2,142
4,549
651
48
4,202
59,310
9,368
679
(319)
360
9,008
84
9,092
–
7
7
–
7
$ 9,085
$ 9,085
$ 6.11
$ 0.05
$ 6.16
$ 6.08
$ 0.05
$ 6.13
1,474,171,690
1,481,206,797
$ 0.20