AIG 2014 Annual Report Download - page 66

ITEM 6 / SELECTED FINANCIAL DATA
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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) 2014 2013 2012 2011 2010
Revenues:
Premiums $37,254 $ 37,499 $ 38,189 $ 39,026 $ 45,352
Policy fees 2,615 2,340 2,192 2,197 2,334
Net investment income 16,079 15,810 20,343 14,755 20,934
Net realized capital gains (losses) 739 1,939 1,087 803 (763)
Aircraft leasing revenue 1,602 4,420 4,504 4,508 4,749
Other income 6,117 6,866 4,899 3,861 5,720
Total revenues 64,406 68,874 71,214 65,150 78,326
Benefits, losses and expenses:
Policyholder benefits and losses incurred 28,281 29,503 32,036 33,523 41,429
Interest credited to policyholder account balances 3,768 3,892 4,340 4,432 4,483
Amortization of deferred policy acquisition costs 5,330 5,157 5,709 5,486 5,821
General operating and other expenses 13,138 13,564 13,013 11,783 14,358
Interest expense 1,718 2,142 2,319 2,444 6,742
Net loss on extinguishment of debt 2,282 651 32 2,908 104
Aircraft leasing expenses 1,585 4,549 4,138 5,401 5,289
Net (gain) loss on sale of properties and divested businesses (2,197) 48 6,736 74 (19,566)
Total benefits, losses and expenses 53,905 59,506 68,323 66,051 58,660
Income (loss) from continuing operations before income taxes (a) 10,501 9,368 2,891 (901) 19,666
Income tax expense (benefit) 2,927 360 (808) (19,764) 6,736
Income from continuing operations 7,574 9,008 3,699 18,863 12,930
Income (loss) from discontinued operations, net of taxes (50) 84 1 2,467 (645)
Net income 7,524 9,092 3,700 21,330 12,285
Net income (loss) from continuing operations attributable to
noncontrolling interests: (5) 7 262 708 10,058
Net income attributable to AIG 7,529 9,085 3,438 20,622 10,058
Income per common share attributable to AIG
common shareholders
Basic
Income from continuing operations 5.31 6.11 2.04 9.65 16.02
Income (loss) from discontinued operations (0.04) 0.05 - 1.36 (1.04)
Net income attributable to AIG 5.27 6.16 2.04 11.01 14.98
Diluted
Income from continuing operations 5.24 6.08 2.04 9.65 16.02
Income (loss) from discontinued operations (0.04) 0.05 - 1.36 (1.04)
Net income attributable to AIG 5.20 6.13 2.04 11.01 14.98
Dividends declared per common share 0.50 0.20 - - -
Year-end balance sheet data:
Total investments 355,766 356,428 375,824 410,438 410,412
Total assets 515,581 541,329 548,633 553,054 675,573
Long-term debt 31,217 41,693 48,500 75,253 106,461
Total liabilities 408,309 440,218 449,630 442,138 568,363
Total AIG shareholders' equity 106,898 100,470 98,002 101,538 78,856
Total equity 107,272 101,081 98,669 102,393 106,776
Book value per share(b) 77.69 68.62 66.38 53.53 561.40
Book value per share, excluding Accumulated other
comprehensive income (loss)(b) 69.98 64.28 57.87 50.11 498.25