AIG 200 Strategic Update

General Insurance: 3.1 pts better AYCR, as adjusted; Global Commercial Lines NPW grew 25% (22% on a constant dollar basis) Net Premiums Written (NPW) ($M) ($M) 1Q20 1Q21 Net premiums written $5,921 $6,479 Global Commercial Lines Global Personal Insurance Net premiums earned $6,079 $5,866 +25.4% $4,769 Loss and loss adjustment expense 4,059 3,848 $3,802 $2,119 $1,982 -19.3% $1,710 Acquisition expenses 1,331 1,184 $1,648 General operating expenses 776 761 $1,574 Underwriting income (loss) ($87) $73 $2,787 $2,154 Net investment income $588 $772 Change primarily driven by the formation of Syndicate 2019 and lower Travel premiums $1,567 Adjusted pre-tax income $501 $845 1Q20 1Q21 Note: Impact of CATS¹, pre-tax ($419) ($422) ■North America $545 due to COVID-19 $143 1Q20 1Q21 International Calendar Year Combined Ratios (CYCR) Accident Year Combined Ratios (excl. CATS) walk AYCR, as adjusted, 101.5% -2.7 pts 98.8% 6.9% 7.3% improved 3.1 pts 95.5% 92.4% 12.8% with 0.4 pt 13.0% increase in 1.6% 1.5% 21.9% 20.2% 34.7% 33.2% CATS 60.8% -0.9% 1Q20 59.2% -0.9% 1Q21 60.8% 59.2% 1Q20 AYLR U/W Actions/Mix Expense Ratio 1Q21 ■AYLR, As Adj. Acq. Ratio GOE Ratio ■PYD Ratio ■CAT Ratio ■AYLR, As Adj. AIG 1) 1Q20 includes Non-COVID-19 CATS of $147M and COVID-19 CATS of $272M, pre-tax. Expense Ratio 7

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