AIG 200 Strategic Update

Non-GAAP Reconciliations Accident Year Loss Ratio, as adjusted, and Accident Year Combined Ratio, as adjusted General Insurance - International Quarterly General Insurance - International - Commercial Lines Quarterly 1Q20 1Q21 1Q20 1Q21 Loss ratio 61.9 56.0 Loss ratio 66.8 57.1 Catastrophe losses and reinstatement premiums (7.0) (1.9) Catastrophe losses and reinstatement premiums (11.2) (3.2) Prior year development 1.1 (0.1) Prior year development 1.5 Accident year loss ratio, as adjusted 56.0 54.0 Accident year loss ratio, as adjusted 57.1 53.9 Acquisition ratio 23.4 22.5 Acquisition ratio 20.7 19.8 General operating expense ratio 14.2 13.7 General operating expense ratio 13.9 13.1 Expense ratio 37.6 36.2 Expense ratio 34.6 32.9 Combined ratio 99.5 92.2 Combined ratio 101.4 90.0 Accident year combined ratio, as adjusted 93.6 90.2 Accident year combined ratio, as adjusted 91.7 86.8 General Insurance - International - Personal Insurance Loss ratio Catastrophe losses and reinstatement premiums Prior year development t year loss ratio, as adjusted Accident Acquisition ratio General operating expense ratio Expense ratio Combined ratio Accident year combined ratio, as adjusted General Insurance - Global Commercial Lines Quarterly Quarterly 1Q20 1Q21 1Q20 1Q21 56.9 54.7 Loss ratio 70.4 69.1 (2.7) (0.4) Catastrophe losses and reinstatement premiums (8.6) (9.6) 0.6 (0.2) Prior year development 2.3 1.3 54.8 54.1 Accident year loss ratio, as adjusted 64.1 60.8 26.2 25.6 Acquisition ratio 18.3 17.7 14.5 14.3 General operating expense ratio 12.4 11.9 40.7 39.9 Expense ratio 30.7 29.6 97.6 94.6 Combined ratio 101.1 98.7 95.5 94.0 Accident year combined ratio, as adjusted 94.8 90.4 General Operating Expenses - Change in Constant Dollar General Insurance Foreign exchange effect on general operating expenses: Change in general operating expenses Increase (decrease) in original currency AIG Foreign exchange effect Increase (decrease) as reported in U.S. dollars 1Q21 (4) % 2 (2) % 26

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