AIG General Insurance and Life & Retirement Earnings

($M) 2Q20 2Q21 Net premiums written $5,549 General Insurance: Global Commercial Lines and Personal Insurance NPW grew +16% and +45%, respectively; AYCR, as adjusted improved by 3.8 pts in 2Q21 Net Premiums Written (NPW) ($M) $6,860 Global Commercial Lines Net premiums earned Global Personal Insurance $5,737 $6,215 +16% $4,717 Loss and loss adjustment expense $4,072 4,167 3,810 +13% Acquisition expenses (Ex. FX) $2,062 1,147 1,189 $1,769 General operating expenses 766 753 Underwriting income (loss) ($343) $463 Net investment income $518 $731 $2,303 $2,655 $1,477 Adjusted pre-tax income $175 $1,194 Note: Impact of CATS¹, pre-tax ($674) ($118) 2Q20 2Q21 $1,627 $(150) 2Q20 (Ex. FX) +45% +41% $2,143 $1,642 $501 2Q21 Calendar Year Combined Ratios (CYCR) 106.0% 11.9% 13.4% 20.0% 61.5% -13.5 pts 92.5% 2.1% 12.1% 19.1% 59.9% ■North America International Accident Year Combined Ratio (AYCR), as adjusted AYCR, as adjusted, 94.9% improved 3.8 pts 91.1% 13.4% 12.1% 20.0% 19.1% 61.5% 59.9% -0.8% -0.7% 2Q20 2Q21 2Q20 2Q21 ■AYLR, As Adj. ■Acq. Ratio GOE Ratio ■PYD Ratio ■CAT Ratio ■AYLR, As Adj. Acq. Ratio GOE Ratio AIG 1) 2Q20 includes Non-COVID-19 CATS of $216M and COVID-19 CATS of $458M, pre-tax. 7

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