AIG 2015 Annual Report Download - page 314

ITEM 8 / NOTE 16. EQUITY
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314
Total 71 28 91
Unrealized appreciation (depreciation) of all other
investments
Investments 1,054 669 2,452 Other realized capital gains
Deferred acquisition costs adjustment 3(20) (28) Amortization of deferred policy acquisition costs
Future policy benefits 17 (117) (1,569) Policyholder benefits and losses incurred
Total 1,074 532 855
Change in retirement plan liabilities adjustment
Prior-service costs 214 47 47 *
Actuarial gains/(losses) (103) (49) (157) *
Total 111 (2) (110)
Total reclassifications for the period $1,256 $558 $836
* These Accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 20 to the Consolidated
Financial Statements.
17. EARNINGS PER SHARE (EPS)
The basic EPS computation is based on the weighted average number of common shares outstanding, adjusted to reflect all
stock dividends and stock splits. The diluted EPS computation is based on those shares used in the basic EPS computation
plus shares that would have been outstanding assuming issuance of common shares for all dilutive potential common shares
outstanding and adjusted to reflect all stock dividends and stock splits.
The following table presents the computation of basic and diluted EPS:
Years Ended December 31,
(dollars in millions, except per share data) 2015 2014 2013
Numerator for EPS:
Income from continuing operations $2,222 $ 7,574 $ 9,008
Less: Net income (loss) from continuing operations attributable to noncontrolling
interests 26 (5) 7
Income attributable to AIG common shareholders from continuing operations 2,196 7,579 9,001
Income (loss) from discontinued operations - (50) 84
Net income attributable to AIG common shareholders $2,196 $ 7,529 $9,085
Denominator for EPS:
Weighted average shares outstanding — basic 1,299,825,350 1,427,959,799 1,474,171,690
Dilutive shares 34,639,533 19,593,853 7,035,107
Weighted average shares outstanding — diluted* 1,334,464,883 1,447,553,652 1,481,206,797
Income per common share attributable to AIG:
Basic:
Income from continuing operations $1.69 $ 5.31 $ 6.11
Income from discontinued operations $- $ (0.04) $ 0.05
Net Income attributable to AIG $1.69 $ 5.27 $ 6.16
Diluted:
Income from continuing operations $1.65 $ 5.24 $ 6.08
Income from discontinued operations $- $ (0.04) $ 0.05
Net Income attributable to AIG $1.65 $ 5.20 $ 6.13
* 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 0.2 million, 0.3 million and 38 million for
the years ended December 31, 2015, 2014 and 2013, respectively, because the effect of including those shares in the calculation would have been anti-dilutive.