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EXHIBIT 11
AMERICAN INTERNATIONAL GROUP, INC.
COMPUTATION OF EARNINGS PER SHARE
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
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SIX MONTHS THREE MONTHS
ENDED JUNE 30, ENDED JUNE 30,
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2000(a) 1999 2000 1999
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Share information reflects an adjustment on a pro forma
basis for a common stock split in the form of a 50 percent
common stock dividend paid July 28, 2000.
Numerator:
Net income (applicable to common stock)..................... $2,753 $2,476 $1,407 $1,277
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Denominator:
Basic:
Average outstanding shares used in the computation of per
share earnings:
Common stock.............................................. 2,491 2,500 2,491 2,501
Common stock in treasury.................................. (174) (178) (178) (178)
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Average outstanding shares -- basic......................... 2,317 2,322 2,313 2,323
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Diluted:
Average outstanding shares used in the computation of per
share earnings:
Common stock.............................................. 2,491 2,500 2,491 2,501
Common stock in treasury.................................. (174) (178) (178) (178)
Stock options and stock purchase plan (treasury stock
method)................................................... 26 30 26 30
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Average outstanding shares -- diluted....................... 2,343 2,352 2,339 2,353
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Net income per share:
Basic..................................................... $ 1.19 $ 1.06 $ 0.61 $ 0.55
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Diluted................................................... $ 1.17 $ 1.05 $ 0.60 $ 0.54
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(a) The number of common shares outstanding as of June 30, 2000 was 2,314.
The number of common shares that would have been outstanding as of June 30,
2000 assuming the exercise or issuance of all potentially dilutive common
shares was 2,340.
