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Investor Presentaiton

Life and Retirement: 2Q20 results recovered sharply from 1Q20 due to capital market improvements; APTI decreased from 2Q19 due to private equity losses, continued spread compression and elevated mortality from the impact of COVID-19 Adjusted Return on Common Equity 17.3% 13.2% $598 Premiums ($M) Premiums and Deposits* ($B) $7.2 $0.3 $1,577 $1.0 $5.7 $1.1 $2.0 $1,089 $1.1 $1.7 $3.9 $1.8 2Q19 2Q20 $152 $425 $447 $16 $5 $38 $3 2Q19 2Q20 2Q19 2Q20 ■ Individual Retirement Life Insurance ■ Institutional Markets ■ Group Retirement ■ Institutional Markets ■Individual Retirement ■Life Insurance ■ Group Retirement Adjusted Pre-Tax Income ($M) $1,049 $82 $881 $80 $126 $293 $214 $588 $550 2Q19 $(9) 2Q20 General Operating Expenses ($M) $399 $399 $16 $19 $148 $153 $111 $132 $119 $100 2Q20 ■Individual Retirement ■ Group Retirement AIG Life Insurance ■ Institutional Markets 2Q19 ■Individual Retirement ■ Group Retirement Life Insurance ■Institutional Markets 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. 15

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