Investor Presentaiton

Life and Retirement: Reflects strong asset growth from new business and favorable equity markets, continued active spread management partially mitigated with continued headwinds from lower interest rates, and mortality trends remain favorable to pricing assumptions Adjusted Return on Common Equity 1.1 pts 13.7% 12.6% Premiums and Deposits ($B)1 $29.8 $30.1 $3.0 $2.8 $3.9 $4.1 $8.4 $8.3 AIG FY18 FY19 $14.5 $14.9 FY18 FY19 Adjusted Pre-Tax Income² ($M) ■Individual Retirement ■ Group Retirement Life Insurance ■ Institutional Markets General Operating Expenses ($M) $3,458 $3,190 $291 $246 $246 $330 $937 $933 $1,984 $1,681 FY18 ■Individual Retirement ■ Group Retirement FY19 ■Life Insurance ■ Institutional Markets $1,597 $1,525 $62 $56 $611 $620 $456 $406 $443 $468 FY18 FY19 ■Individual Retirement ■Group Retirement ■Life Insurance ■ Institutional Markets 1) FHLB Funding Agreements issued within Individual Retirement and Group Retirement in 2018 totaling $1.3B are excluded as they are not considered part of the metric to measure core recurring performance. 2) Includes the impact from the annual actuarial assumption update of ($98M) and ($143M) at 3Q18 and 3Q19, respectively. 24 24

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