Investor Presentaiton

Strengthened financial flexibility and improved Adjusted ROCE ($ in millions, Except per Share Amounts) Selected Balance Sheet Data Financial debt, including hybrids AIG shareholders' total equity Dec. 31, Dec. 31, 2018 2019 Variance Adjusted ROCE 8.3% Adjusted common shareholders' equity* Total capital $23,734 $23,349 ($385) 56,361 65,675 9,314 47,621 51,231 3,610 $81,043 $90,776 $9,733 +6.2 pts 2.1% FY'18 FY'19 Adjusted BVPS Leverage Ratios +7.2% $58.89 $54.95 Debt & preferred stock to total capital ratio 29.3% 26.2% (3.1) pts Debt & preferred stock to total capital ratio (ex. AOCI) 28.8% 27.8% (1.0) pts FY'18 FY'19 Per Share Data Leverage Ratio (Ex. AOCI) Common shares outstanding 866.6 870.0 3.4 28.8% -1.0 pts 27.8% Book value per common share Book value per common share - ex. AOCI Adjusted book value per common share* AIG $65.04 $74.93 15.2% $54.95 $66.67 $69.20 $58.89 3.8% 7.2% FY'18 FY'19 * Refers to financial measure not calculated in accordance with generally accepted accounting principles (Non-GAAP); definitions and abbreviations of Non-GAAP measures and reconciliations to their closest GAAP measures can be found in this presentation under the heading Glossary of Non-GAAP Financial Measures and Non-GAAP Reconciliations. 5

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