General Insurance Financial Overview

General Insurance: Global Commercial Lines NPW grew 13%; AYCR, as adjusted improved by 3.1 points in 4Q21 ☐ General Insurance Calendar Year Combined Ratio was 92.4, a 10.4 point reduction from 4Q20 primarily due to strong underwriting results across the portfolio, including lower CATS General Insurance AYCR, as adjusted was 89.8, a 3.1 point improvement from 4Q20 due to improved North America (NA) and International Commercial Lines and NA Personal Insurance underwriting results General Insurance NPW increased by 7% to $6.0B from 4Q20 (8% on a constant dollar basis) reflecting strong incremental rate improvement, higher renewal retentions and high levels of new business production AIG Copyright © 2022 by American International Group, Inc. All rights reserved. No part of this document may be reproduced, republished or reposted without the permission of AIG. ($M) 4Q20 4Q21 Net premiums written Global Commercial Lines $5,565 $5,961 General Insurance Net Premiums Written ($M) Global Personal Insurance Net premiums earned $5,993 $6,553 Loss and loss adjustment expense 4,210 4,047 $3,654 +13% +13% $4,123 Acquisition expenses (Ex. FX) 1,186 1,258 $1,915 General operating expenses $1,662 768 749 Underwriting income (loss) $1,911 ($171) $499 $1,838 Net investment income $980 $1,010 $1,992 $2,208 $1,542 $1,404 Adjusted pre-tax income $809 $1,509 $369 $434 Note: Impact of CATS, pre-tax ($545) ($189) 4Q20 4Q21 4Q20 4Q21 Calendar Year Combined Ratios ■North America International Accident Year Combined Ratio, as adjusted AYCR, as adjusted improved -3.1 points CYCR improved 102.8% -10.4 points 92.4% 92.9% 0.9% 9.0% 2.9% 12.8% 12.8% 11.4% 19.8% 19.8% 19.2% 60.3% 59.2% 4Q20 -0.3% 4Q21 89.8% 11.4% 19.2% 60.3% 59.2% 4Q20 4Q21 ■AYLR, As Adj. Acq. Ratio GOE Ratio PYD Ratio CAT Ratio ■AYLR, As Adj. Acq. Ratio GOE Ratio 11

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