Investor Presentaiton

General Insurance: Calendar year underwriting results reflect $458M in COVID- 19 losses; AY, as adjusted, results reflect strong Commercial Lines improvement and the formation of Lloyd's Syndicate 2019 on Personal Insurance ($M) 2Q19 2Q20 Net Premiums Written ($M) Net premiums written $6,581 $5,549 Net premiums earned $6,694 $6,581 ■International $5,737 $5,549 Loss and loss adjustment expense 4,215 4,167 $1,758 27% Acquisition expenses 1,488 1,147 $943 14% General operating expenses 844 766 $1,516 23% $1,575 28% Underwriting income (loss) $147 ($343) $1,627 29% Personal Insurance ■North America Personal Insurance International Commercial Lines Net investment income $833 $518 $2,364 36% $2,497 45% ■North America Adjusted pre-tax income $980 $175 Commercial Lines $(150) Exclude: Impact of CATS1 (174) (674) (2%) 2Q19 2Q20 Adjusted pre-tax income (ex. CATs) $1,154 $849 Calendar Year Combined Ratios (CYCR) Accident Year Combined Ratios (excl. CATS) walk AYCR, as adjusted, +8.2 pts 106.0% 97.8% improved 1.2 pts 11.9% 2.6% 96.1% (1.4%) with 9.3 pt 12.6% 13.4% increase in CATS 22.2% 20.0% 34.8% 94.9% 1.2% 1.4% 33.4% 61.3% 61.5% 61.3% 61.5% -0.9% 2Q19 ■AYLR, As Adj. ■Acq. Ratio GOE Ratio 2Q20 -0.8% ■PYD Ratio ■CAT Ratio 2Q19 Change in AYLR Personal Insurance U/W Actions business mix Expense Ratio 2Q20 ■AYLR, As Adj. Expense Ratio Note: Calendar year combined ratios refers to a GAAP measure; the corresponding accident year, as adjusted, ratios refers to financial measure not calculated in accordance AIG with GAAP; definitions and abbreviations of Non-GAAP measures and reconciliations to their closest GAAP measures can be found in this presentation under the heading Glossary of Non-GAAP Financial Measures and Non-GAAP Reconciliations. 1) 2Q20 includes COVID-19 losses of $458M, $126M related to civil unrest and $90M of natural CATS 12

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