AIG 200 Strategic Update

Non-GAAP Reconciliations Accident Year Loss Ratio, as adjusted, and Accident Year Combined Ratio, as adjusted General Insurance General Insurance - North America Quarterly Quarterly Loss ratio 1Q20 66.8 1Q21 65.6 Loss ratio 1Q20 72.7 1Q21 79.6 Catastrophe losses and reinstatement premiums Prior year development (6.9) (7.3) Catastrophe losses and reinstatement premiums (6.8) (15.2) 0.9 0.9 Prior year development 0.7 2.4 Accident year loss ratio, as adjusted 60.8 59.2 Accident year loss ratio, as adjusted 66.6 66.8 Acquisition ratio 21.9 20.2 Acquisition ratio 20.1 16.8 General operating expense ratio 12.8 13.0 General operating expense ratio 11.0 12.0 Expense ratio 34.7 33.2 Expense ratio 31.1 28.8 Combined ratio 101.5 98.8 Combined ratio 103.8 108.4 Accident year combined ratio, as adjusted 95.5 92.4 Accident year combined ratio, as adjusted 97.7 95.6 General Insurance - North America - General Insurance - North America - Commercial Lines Quarterly Personal Insurance Quarterly 1Q20 1Q21 1Q20 1Q21 Loss ratio 73.4 80.1 Loss ratio 70.8 77.2 Catastrophe losses and reinstatement premiums (6.3) (15.4) Catastrophe losses and reinstatement premiums (7.9) (14.5) Prior year development 3.0 2.6 Prior year development (5.1) 1.6 Accident year loss ratio, as adjusted 70.1 67.3 Accident year loss ratio, as adjusted 57.8 64.3 Acquisition ratio 16.3 15.8 Acquisition ratio 29.6 23.1 General operating expense ratio 11.2 10.8 General operating expense ratio 10.6 18.5 Expense ratio 27.5 26.6 Expense ratio 40.2 41.6 Combined ratio 100.9 106.7 Combined ratio 111.0 118.8 Accident year combined ratio, as adjusted 97.6 93.9 Accident year combined ratio, as adjusted 98.0 105.9 AIG 25

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