Investor Presentaiton

Life and Retirement: Decline in APTI driven by lower net investment income, unfavorable impacts from equity markets, widening credit spreads and continued headwinds from lower interest rates Adjusted Return on Attributed Common Equity Premiums and Deposits ($B) AIG 15.0% 8.4% $8.4 $1.1 $6.9 $1.0 $0.9 $2.1 $1.0 $1.9 $4.2 $3.1 1Q19 1Q20 Adjusted Pre-Tax Income ($M) 1Q19 ■Individual Retirement ■ Group Retirement 1Q20 ■Life Insurance ■ Institutional Markets General Operating Expenses ($M) $924 $405 $385 $68 $16 $15 $116 $140 $574 $232 $141 $70 $55 $143 $111 $139 $508 $306 $118 $110 1Q19 1Q20 1Q19 1Q20 ■Individual Retirement ■ Group Retirement ■Life Insurance ■ Individual Retirement ■Life Insurance ■ Institutional Markets ■ Group Retirement ■Institutional Markets 14

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