Investor Presentaiton

Life and Retirement: Life Insurance produced strong International sales and mortality trends within overall pricing assumptions in millions) Premiums and deposits Premiums Policy fees Net investment income Other income 1 4Q18 4Q19 $987 $1,047 378 405 363 386 287 288 17 9 Total adjusted revenues 1,045 1,088 Key Takeaways ■ APTI declined from 4Q18 as a result of 4Q18 positive reserve refinements, partially offset by improvement in mortality experience in 4Q19 ■ Growth in premiums and deposits reflects strong International Life sales Benefits, losses and expenses 958 1,037 • Mortality was favorable to pricing assumptions Adjusted pre-tax income (APTI) $87 $51 By Product² $111 $110 11% 14% 36% 53% 4Q18 33% 53% 4Q19 ■Term ■Universal Life Group and Other Life New Business Sales ($M) By Geography $111 $110 23% 26% 77% 74% 4Q18 4Q19 ■US ■ UK 1) Includes other income primarily related to commission and profit sharing revenues received by Laya Healthcare from the distribution of insurance products AIG 2) Universal Life includes single premium and unscheduled deposits as of 2019 (formerly included with Group and Other Life); FY18 figure was restated to align with current presentation method 15

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