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AMER INTL GRP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
GENERAL INSURANCE OPERATIONS:Net premiums written--------------------
Life insurance operations:Premium income--------------------
GENERAL INSURANCE OPERATIONS:Change in unearned premium reserve--------------------
Premiums and other considerations31,259.0028,523.0030,561.0030,614.0031,374.0034,393.0036,655.0037,254.0037,499.0038,189.00
GENERAL INSURANCE OPERATIONS:Net premiums earned--------------------
LIFE INSURANCE OPERATIONS:Premium income--------------------
Policy fees3,051.002,917.003,015.002,791.002,935.002,732.002,755.002,615.002,340.002,192.00
GENERAL INSURANCE OPERATIONS:Realized capital gains (losses)2,151.00(2,238.00)632.00(51.00)(1,380.00)(1,944.00)776.00739.001,939.001,087.00
Life insurance operations:Realized capital losses--------------------
Net investment income14,612.0013,631.0014,619.0013,086.0014,179.0014,065.0014,053.0016,079.0015,810.0020,343.00
Fixed maturities----------11,314.0011,331.0012,322.0012,044.0012,592.00
Equity securities----------(5.00)99.00221.00178.00162.00
Investment expenses----------453.00528.00517.00548.00604.00
Short-term investments----------------2,803.001,769.00
Other invested assets----------509.00432.00601.0061.0011.00
Interest on mortgage, policy and collateral loans----------1,526.001,417.001,272.001,144.001,083.00
GENERAL INSURANCE OPERATIONS:Net investment income--------------------
LIFE INSURANCE OPERATIONS:Net investment income--------------------
Real Estate----------150.00181.00110.00128.00127.00
Partnerships--------------------
Mutual funds--------------------
Policyholder investment income and trading gains (losses)--------------------
Trading account gains (losses)--------------------
ML II--------------------
ML III--------------------
Change in fair value of AIA securities--------------------
Change in fair value of MetLife securities--------------------
RETIREMENT SAVINGS & ASSET MANAGEMENT OPERATING INCOME--------------------
Other Revenues984.00903.00919.00949.002,412.003,121.004,088.006,117.006,866.004,899.00
FINANCIAL SERVICES OPERATING INCOME--------------------
Unrealized market valuation losses on AIGFP super senior credit default swap portfolio--------------------
Aircraft leasing revenue--------------1,602.004,420.004,504.00
Total Revenues52,057.0043,736.0049,746.0047,389.0049,520.0052,367.0058,327.0064,406.0068,874.0071,214.00
Joint Venture Interest Transaction--------------------
LIFE INSURANCE OPERATIONS:Death and other benefits--------------------
Increase in future policy benefits--------------------
Policyholder benefits and claims incurred24,388.0024,806.0025,402.0027,412.0029,972.0032,437.0031,345.0028,281.0029,503.0032,036.00
GENERAL INSURANCE OPERATIONS:Losses incurred8,790.008,396.008,537.009,302.009,107.0010,989.0012,686.0013,138.0013,564.0013,013.00
General insurance operations:Losses and loss expenses incurred--------------------
Interest credited to policyholder account balances3,557.003,622.003,832.003,754.003,592.003,705.003,731.003,768.003,892.004,340.00
Insurance acquisition and other operating expenses--------------------
Acquisition, restructuring and related charges--------------------
General insurance operations:Underwriting expenses--------------------
Policy acquisition and other insurance expenses--------------------
Amortization of deferred acquisition costs4,573.004,211.005,164.005,386.004,288.004,521.005,236.005,330.005,157.005,709.00
Interest expense1,305.001,457.001,417.001,309.001,168.001,260.001,281.001,718.002,142.002,319.00
Other income (deductions) -- net--------------------
Net loss (gain) on sale of divested businesses--------------------
Aircraft leasing expenses--------------(1,585.00)(4,549.00)(4,138.00)
Restructuring expenses and related asset impairment and other expenses--------------------
Other realized capital losses--------------------
Net loss on sale of properties and divested businesses3,044.00(8,525.00)(75.00)38.0068.00545.00(11.00)2,197.00(48.00)6,736.00
Other expenses--------------------
Loss on extinguishment of debt(389.00)(12.00)(32.00)(7.00)5.00(74.00)(756.00)(2,282.00)(651.00)(32.00)
U.S9,838.00(8,396.00)3,825.00(0.01)1,940.001,041.001,950.008,250.008,058.00(948.00)
Income before income taxes, minority interest and cumulative effect of accounting changes12,099.00(7,293.00)5,287.00257.001,466.00(74.00)3,281.0010,501.009,368.002,891.00
Domestic--------------------
Foreign2,261.001,103.001,462.000.27(474.00)(1,115.00)1,331.002,251.001,310.003,839.00
Income taxes:Current(45.00)217.00545.00336.00636.00576.00820.00588.00680.00762.00
Income taxes:Deferred2,221.00(1,677.00)621.00(182.00)6,890.00(391.00)239.002,339.00(320.00)(1,570.00)
Foreign:Current171.00274.00267.000.20209.00436.00391.00473.00549.00484.00
Foreign:Deferred31.00(1.00)(12.00)(0.01)25.00(121.00)(95.00)154.00(442.00)(275.00)
Domestic:Current--------------------
Domestic:Deferred--------------------
U.S.. Current(216.00)(57.00)278.000.13427.00140.00429.00115.00131.00278.00
U.S.. Deferred2,190.00(1,676.00)633.00(0.18)6,865.00(270.00)334.002,185.00122.00(1,295.00)
Minority interest--------------------
Income (loss) from continuing operations9,923.00(5,833.00)4,121.00103.00(6,060.00)(259.00)2,222.007,574.009,008.003,699.00
Income (loss) from discontinued operations, net of income tax expense (benefit)--4.0048.00(42.00)4.00(90.00)--(50.00)84.001.00
Income before Cumulative Effect of Accounting Changes--------------------
Cumulative effect of an accounting change, net of tax--------------------
Net income (loss)9,923.00(5,829.00)4,169.0061.00(6,056.00)(349.00)2,222.007,524.009,092.003,700.00
Less: Net income (loss) attributable to noncontrolling interest535.00115.00821.00--------------
Noncontrolling nonvoting, callable, junior and senior preferred interests held by Federal Reserve Bank of New York--------28.00--------208.00
Noncontrolling Interest: Other------------------54.00
Income (loss) from discontinued operations attributable to noncontrolling interests------67.00--500.0026.00(5.00)7.00--
Preferred Stock Dividend & Other Adjustments29.0029.0022.00--------------
Net income (loss) attributable to common shareholders9,359.00(5,973.00)3,326.00(6.00)(6,084.00)(849.00)2,196.007,529.009,085.003,438.00
Income (loss) from continuing operations10.95(6.88)3.740.04(6.54)(0.70)1.695.316.112.04
Income (loss) from discontinued operations----0.05(0.05)--(0.08)--(0.04)0.050.00
Basic:Cumulative effect of accounting changes--------------------
BASIC:Net income10.95(6.88)3.79(0.01)(6.54)(0.78)1.695.276.162.04
Income (loss) from continuing operations10.82(6.88)3.690.04(6.54)(0.70)1.655.246.082.04
Income (loss) from discontinued operations----0.05(0.05)--(0.08)--(0.04)0.050.00
Diluted:Cumulative effect of accounting changes--------------------
DILUTED:Net income10.82(6.88)3.74(0.01)(6.54)(0.78)1.655.206.132.04
Average shares outstanding:Basic854.32869.31876.75898.41930.561,091.091,299.831,427.961,474.171,687.20
Average shares outstanding:Diluted864.89869.31889.51910.14930.561,091.091,334.471,447.551,481.211,687.23