General Insurance Financial Overview

Individual Retirement Net Flows ($M) Assets Under Administration ($B) APTI ($M) ■ ($590) n.m. $158.6 (+2% vs. FY'20) Life and Retirement: Solid sales growth in Individual Retirement; Group Retirement delivers record- level assets under administration Premiums and Deposits ($M) $13,916 (+34% vs. FY'20) Base Net Investment Spread $1,939 n.m. Total Net Investment Spread FY'21 vs FY'20 APTI reflects Favorable impacts from: Higher alternative investments income and higher fee income Unfavorable impacts from: 3.04% 3.24% ◉ 2.63% 2.51% 2.00% 2.14% 1.53% 1.36% Fixed Annuities Variable and Index Annuities Fixed Annuities Variable and Index Annuities FY'20 FY'21 FY'20 FY'21 ◉ Year-over-year change for annual actuarial assumption update Higher deferred acquisition cost / sales inducement amortization and reserves Lower fair value option bond income Other Key Metrics Favorable impacts from: Growth of assets under administration Unfavorable impacts from: Base net investment spread compression AIG Copyright ® 2022 by American International Group, Inc. All rights reserved. No part of this document may be reproduced, republished or reposted without the permission of AIG. Group Retirement Premiums and Deposits ($M) $7,766 (+4% vs. FY'20) Net Flows ($M) ($3,208) Assets Under Administration ($B) APTI ($M) n.m. $140.0 (+8% vs. FY'20) $1,284 (+27% vs. FY'20) ◉ Base Net Investment Spread 1.61% 1.50% Total Net Investment Spread 2.09% 2.34% FY'21 vs FY'20 APTI reflects Favorable impacts from: Higher alternative investments income and higher fee income Higher call and tender income and commercial mortgage loan prepayments Unfavorable impacts from: Year-over-year change for annual actuarial assumption update Other Key Metrics Favorable impacts from: Growth of assets under administration Higher surrenders of high guarantee minimum interest rate business Unfavorable impacts from: ◉ Base net investment spread compression ■FY'20 ■FY'21 FY'20 FY'21 ◉ 25

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