| Computation of Basic and Diluted EPS |
The following table presents the computation of basic and diluted EPS: | | | | | | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | | | | | | | | | | | | | | | | | | | (dollars in millions, except per common share data) | | | | | | | 2023 | | 2022 | | 2021 | | Numerator for EPS: | | | | | | | | | | | | | Income (loss) from continuing operations | | | | | | | $ | 3,878 | | | $ | 11,274 | | | $ | 10,906 | | | Less: Net income from continuing operations attributable to noncontrolling interests | | | | | | | 235 | | | 1,046 | | | 539 | | | Less: Preferred stock dividends | | | | | | | 29 | | | 29 | | | 29 | | | Income (loss) attributable to AIG common shareholders from continuing operations | | | | | | | 3,614 | | | 10,199 | | | 10,338 | | | Income (loss) from discontinued operations, net of income tax expense | | | | | | | — | | | (1) | | | — | | | Net income (loss) attributable to AIG common shareholders | | | | | | | $ | 3,614 | | | $ | 10,198 | | | $ | 10,338 | | | Denominator for EPS: | | | | | | | | | | | | | Weighted average common shares outstanding - basic | | | | | | | 719,506,291 | | | 778,621,118 | | | 854,320,449 | | | Dilutive common shares | | | | | | | 5,726,777 | | | 9,320,632 | | | 10,564,430 | | Weighted average common shares outstanding - diluted(a) | | | | | | | 725,233,068 | | | 787,941,750 | | | 864,884,879 | | Income (loss) per common share attributable to AIG common shareholders: | | | | | | | | | | | | | Basic: | | | | | | | | | | | | | Income (loss) from continuing operations | | | | | | | $ | 5.02 | | | $ | 13.10 | | | $ | 12.10 | | | Income from discontinued operations | | | | | | | $ | — | | | $ | — | | | $ | — | | | Income (loss) attributable to AIG common shareholders | | | | | | | $ | 5.02 | | | $ | 13.10 | | | $ | 12.10 | | | Diluted: | | | | | | | | | | | | | Income (loss) from continuing operations | | | | | | | $ | 4.98 | | | $ | 12.94 | | | $ | 11.95 | | | Income from discontinued operations | | | | | | | $ | — | | | $ | — | | | $ | — | | | Income (loss) attributable to AIG common shareholders | | | | | | | $ | 4.98 | | | $ | 12.94 | | | $ | 11.95 | |
(a)Potential dilutive common shares include our share-based employee compensation plans and an option for Blackstone to exchange all or a portion of its ownership interest in Corebridge for AIG common shares in the event an IPO did not occur prior to 2024. As a result of the consummation of the IPO on September 19, 2022, this exchange right of Blackstone was terminated. The number of potential common shares excluded from diluted shares outstanding was 4.4 million, 24.1 million and 12.0 million for the years ended December 31, 2023, 2022 and 2021, respectively, because the effect of including those common shares in the calculation would have been anti-dilutive.
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