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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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NINE MONTHS THREE MONTHS
ENDED ENDED
SEPTEMBER 30, SEPTEMBER 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)................. $4,139 $3,743 $1,386 $1,267
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Denominator:
Basic:
Average outstanding shares used in the computation of
per share earnings:
Common stock.......................................... 2,486 2,498 2,479 2,493
Common stock in treasury.............................. (170) (176) (165) (171)
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Average outstanding shares -- basic..................... 2,316 2,322 2,314 2,322
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Diluted:
Average outstanding shares used in the computation of
per share earnings:
Common stock.......................................... 2,486 2,498 2,479 2,493
Common stock in treasury.............................. (170) (176) (165) (171)
Stock options and stock purchase plan (treasury stock
method)............................................... 25 29 26 29
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Average outstanding shares -- diluted................... 2,341 2,351 2,340 2,351
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Net income per share:
Basic................................................. $ 1.79 $ 1.61 $ 0.60 $ 0.55
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Diluted............................................... $ 1.77 $ 1.59 $ 0.60 $ 0.54
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(a) The number of common shares outstanding as of September 30, 2000 was 2,316.
The number of common shares that would have been outstanding as of September
30, 2000 assuming the exercise or issuance of all potentially dilutive
common shares was 2,343.
