Investor Presentaiton

Non-GAAP Reconciliations Return on Common Equity General Insurance (in millions) Adjusted pre-tax income Interest expense on attributed financial debt Adjusted pre-tax income including attributed interest expense Income tax expense Adjusted after-tax income Dividends declared on preferred stock Quarterly 2Q19 2Q20 $ 980 $ 175 Life and Retirement (in millions) Adjusted pre-tax income Quarterly $ 2Q19 1,049 $ 2Q20 881 147 140 Interest expense on attributed financial debt 44 71 Adjusted pre-tax income including attributed interest 833 35 expense 1,005 810 184 10 Income tax expense 201 160 649 $ 25 Adjusted after-tax income $ 804 $ 650 4 4 Dividends declared on preferred stock 3 3 Adjusted after-tax income attributable to common Adjusted after-tax income attributable to common shareholders (a) $ 645 S 21 shareholders (a) $ 801 $ 647 Ending adjusted attributed common equity $ 25,282 $ 24,889 Ending adjusted attributed common equity $ 18,820 $ 19,506 Average adjusted attributed common equity (b) Adjusted return on attributed common equity (a+b) 25,054 24,910 10.3 % 0.3 % Average adjusted attributed common equity (b) Adjusted return on attributed common equity (a+b) 18,550 19,584 17.3 13.2 Core (in millions) Adjusted pre-tax income Interest expense on attributed financial debt Adjusted pre-tax income including attributed interest expense Quarterly 2Q19 2Q20 $ 1,558 $ 546 Legacy (in millions) Adjusted pre-tax income Interest expense on attributed financial debt Quarterly $ 2Q19 119 $ 2Q20 257 Adjusted pre-tax income including attributed interest 1,558 546 expense 119 257 Income tax expense (benefit) 340 143 Adjusted after-tax income 1,218 $ Income tax expense 26 54 403 Dividends declared on preferred stock 7 Adjusted after-tax income attributable to common shareholders (a) Adjusted after-tax income attributable to common shareholders (a) 93 S 203 $ 1,211 $ 396 Ending adjusted attributed common equity $ 6,792 $ 2,019 Ending adjusted attributed common equity $ 42,694 $ Average adjusted attributed common equity (b) 41,746 46,133 45,219 Average adjusted attributed common equity (b) 7,121 4,931 Adjusted return on attributed common equity (a+b) 5.2 % 16.5 Adjusted return on attributed common equity (a+b) 11.6 % 3.5 % AIG 34 34

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