General Insurance Financial Overview

Life and Retirement: Solid sales growth in Individual Retirement; elevated Group Retirement net outflows due to lower group acquisitions, higher group surrenders and individual withdrawals as a result of higher customer asset balances Premiums and Deposits ($M) $3,308 (+20% vs. 4Q20) Net Flows ($M) Assets Under Administration ($B) APTI ($M) ($34) n.m. $158.6 (+2% vs. 4Q20) (-10% vs. 4Q20) Base Net Investment Spread 1.40% 1.36% 1.26% Individual Retirement $498 Total Net Investment Spread 4Q21 vs 4Q20 APTI reflects Favorable impacts from: ■ Higher alternative investments income and higher fee income Unfavorable impacts from: Higher deferred acquisition cost / sales inducement amortization Lower call and tender income and fair value option bond income Other Key Metrics Favorable impacts from: Growth of assets under administration Unfavorable impacts from: 3.44% 3.23% 3.10% ☐ 2.59% 2.51% 2.36% 2.28% 2.24% 2.10% III Fixed Annuities Variable and Index Annuities Fixed Annuities Variable and Index Annuities ◉ 4Q20 3Q21 4Q21 4Q20 3Q21 4Q21 ■ Base net investment spread compression AIG Copyright ® 2022 by American International Group, Inc. All rights reserved. No part of this document may be reproduced, republished or reposted without the permission of AIG. Premiums and Deposits ($M) $1,862 (-15% vs. 4Q20) Net Flows ($M) ($1,072) Assets Under Administration ($B) APTI ($M) n.m. $140.0 (+8% vs. 4Q20) $314 (-1% vs. 4Q20) Base Net Investment Spread Total Net Investment Spread Group Retirement 4Q21 vs 4Q20 APTI reflects Favorable impacts from: Higher alternative investments income and higher fee income Unfavorable impacts from: ☐ Higher deferred acquisition cost / sales inducement amortization and reserves Lower call and tender income and fair value option bond income 2.43% 2.31% 2.33% 1.54% 1.52% 1.42% ■4Q20 3Q21 4Q21 ■4Q20 3Q21 4Q21 Other Key Metrics Favorable impacts from: " Growth of assets under administration Higher surrenders of high guarantee minimum interest rate business Unfavorable impacts from: Base net investment spread compression 15

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