AIG 2014 Annual Report Download - page 317

ITEM 8 / NOTE 19. EARNINGS PER SHARE

300
Income attributable to AIG common shareholders from continuing operations 7,579 9,001 3,437
Income (loss) from discontinued operations (50) 84 1
Income (loss) attributable to AIG common shareholders from discontinued
operations (50) 84 1
Net income attributable to AIG common shareholders $7,529 $ 9,085 $3,438
Denominator for EPS:
Weighted average shares outstanding — basic 1,427,959,799 1,474,171,690 1,687,197,038
Dilutive shares 19,593,853 7,035,107 29,603
Weighted average shares outstanding — diluted* 1,447,553,652 1,481,206,797 1,687,226,641
Income per common share attributable to AIG:
Basic:
Income from continuing operations $5.31 $ 6.11 $ 2.04
Income from discontinued operations $(0.04) $ 0.05 $ -
Net Income attributable to AIG $5.27 $ 6.16 $ 2.04
Diluted:
Income from continuing operations $5.24 $ 6.08 $ 2.04
Income from discontinued operations $(0.04) $ 0.05 $ -
Net Income attributable to AIG $5.20 $ 6.13 $ 2.04
* Dilutive shares primarily result from share-based employee compensation plans and a weighted average portion of the warrants issued to AIG shareholders
as part of the recapitalization in January 2011. The number of shares excluded from diluted shares outstanding were 0.3 million, 38 million and 78 million for the
years ended December 31, 2014, 2013 and 2012, respectively, because the effect of including those shares in the calculation would have been anti-dilutive.
20. STATUTORY FINANCIAL DATA AND RESTRICTIONS
The following table presents statutory net income (loss) and capital and surplus for our Non-Life Insurance
Companies and our Life Insurance Companies in accordance with statutory accounting practices:
(in millions) 2014 2013 2012
Years Ended December 31,
Statutory net income (loss)(a)(b)(c):
Non-Life Insurance Companies:
Domestic $3,377 $ 11,440 $3,701
Foreign 1,200 842 1,100
Total Non-Life Insurance Companies 4,577 12,282 4,801
Life Insurance Companies:
Domestic 2,690 5,047 3,827
Foreign (9) (9) (9)
Total Life Insurance Companies 2,681 5,038 3,818
At December 31,
Statutory capital and surplus(a)(c):
Non-Life Insurance Companies:
Domestic $28,198 $ 27,685
Foreign 12,540 12,022
Total Non-Life Insurance Companies 40,738 39,707
Life Insurance Companies:
Domestic 8,642 15,038
Foreign 437 129
Total Life Insurance Companies 9,079 15,167
Aggregate minimum required statutory capital and surplus:
Non-Life Insurance Companies:
Domestic $7,101 $ 7,019
Foreign 9,147 9,078
Total Non-Life Insurance Companies 16,248 16,097
Life Insurance Companies:
Domestic 3,821 4,287