American International Group Inc – ‘10-K’ for 12/31/93 – EX-11

As of:  Wednesday, 3/30/94   ·   For:  12/31/93   ·   Accession #:  950123-94-660   ·   File #:  1-08787

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        American International Group, Inc.                   112±   514K 
 2: EX-11       Statement Re Computation of Per Share Earnings         1      9K 
 3: EX-12       Statements Re Computation of Ratios                    1      9K 
 4: EX-21       Subsidiaries of the Registrant                         3     22K 
 5: EX-23       Consent of Coopers & Lybrand                           1      7K 
 6: EX-99       Undertakings by the Registrant                        10     80K 

EX-11   —   Statement Re Computation of Per Share Earnings

EX-11
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                                                                      EXHIBIT 11

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COMPUTATION OF EARNINGS PER SHARE                                          American International Group, Inc. and Subsidiaries 

(in thousands, except per share amounts)                                                                                       
------------------------------------------------------------------------------------------------------------------------------ 
YEARS ENDED DECEMBER 31,                                              1993         1992         1991         1990         1989 
============================================================================================================================== 
                                                                                                                               
Average outstanding shares used in the computation of                                                                          
 per share earnings:                                                                                                           
   Common shares issued(a)                                         337,392      337,395      337,392      329,351      325,556 
   Common stock in treasury(a)                                     (19,931)     (19,758)     (19,020)     (18,883)     (18,879)
------------------------------------------------------------------------------------------------------------------------------ 
   Average outstanding shares                                      317,461      317,637      318,372      310,468      306,677 
============================================================================================================================== 
   Income before cumulative effect of accounting changes        $1,917,035   $1,620,544   $1,545,747   $1,432,606   $1,356,591 

     Cumulative effect of accounting changes, net of tax                                                                       
       AIG                                                              --       31,941           --           --           -- 
       Minority-owned reinsurance operations                        20,695           --           --           --           -- 
------------------------------------------------------------------------------------------------------------------------------ 
   Net income (applicable to common stock)(b)                   $1,937,730   $1,652,485   $1,545,747   $1,432,606   $1,356,591 
============================================================================================================================== 
   Earnings per common share:(c)                                                                                               
     Income before cumulative effect of accounting changes           $6.04        $5.10        $4.86        $4.61        $4.42 
     Cumulative effect of accounting changes, net of tax                                                                       
       AIG                                                              --         0.10           --           --           -- 
       Minority-owned reinsurance operations                          0.07           --           --           --           -- 
------------------------------------------------------------------------------------------------------------------------------ 
     Net income                                                      $6.11        $5.20        $4.86        $4.61        $4.42 
============================================================================================================================== 

(a) Adjusted for the common shares split in the form of a 50 percent stock      
dividend paid July 30, 1993.                                            
(b) After deductions in 1993, 1992, 1991, 1990 and 1989 of preferred stock      
dividends of $1,043, $4,471, $7,262, $9,688 and $10,884, respectively.  
(c) The effect of all other common stock equivalents is not significant;        
therefore, this information is not presented.                           

II-6

Dates Referenced Herein

This ‘10-K’ Filing		Date		Other Filings
Filed on:		3/30/94		None on these Dates
For Period End:		12/31/93
		7/30/93
				List all Filings