American International Group, Inc. Financial Supplement First Quarter 2010

Financial Supplement First Quarter 2010 This report should be read in conjunction with AIG's Quarterly Report on Form 10-Q for the quarter ended March 31, 2010 filed with the Securities and Exchange Commission. ** Revised on May 14, 2010 - Proforma Book Value per Share calculation on page 11 **

Financial Supplement Table of Contents Consolidated Consolidated Statement of Income (Loss)....1-2 Consolidated Statement of Segment Operations...3 4 Summary of Non-qualifying derivative hedging activities...5 Consolidated Balance Sheet... 6-7 Debt and Capital...8 U.S. Government Support...9 Capital Structure...10 Book Value per Share...11 General Insurance General Insurance Operating Statistics...12 AIG Commercial Insurance Operating Statistics...13 AIG Commercial Insurance Gross Premiums Written by Line of Business...14 Foreign General Insurance Operating Statistics...15 Foreign General Insurance Gross Premiums Written...16 General Insurance Notes...17 Domestic Life Insurance & Retirement Services Domestic Life Insurance & Retirement Services Operating Statistics...18 Domestic Life Insurance Operating Statistics...19 Domestic Life Insurance Sales and Deposits...20 Domestic Life Insurance Other Data...21 Domestic Life Insurance Deferred Policy Acquisition Costs, Sales Inducements and Value of Business Acquired...22 Domestic Life Insurance Notes...23 Domestic Retirement Services Operating Statistics...24 Domestic Retirement Services Product Statistics...25 Domestic Retirement Services Account Value Rollforward...26 Domestic Retirement Services Spread Information...27-28 Domestic Life Insurance & Retirement Services Deferred Policy Acquisition Costs, Sales Inducements and Value of Business Acquired...29 Domestic Retirement Services Group Retirement Products...30 Domestic Retirement Services Individual Variable Annuities Guaranteed Benefits...31-32 Domestic Retirement Services Notes...33 Foreign Life Insurance & Retirement Services Foreign Life Insurance & Retirement Services Operating Statistics...34 Financial Services Financial Services Operating Results...35 Consumer Finance Operating Results...36 Consumer Finance Other Data...37 Financial Services Notes...38 American General Finance Real Estate Portfolio...39 Other Other...40 Other Notes...41 Parent Company Financial Statements... 42-45 Pre Tax Realized Gains (Losses) by Source by Business Segment...46 Investment Information Cash and Investments by Segment...47 AIGFP Balance Sheet...48 Other Invested Assets by Segment...49 Return on Average Partnership and Mutual Funds Assets by Segment...50 Comment on Reg G...51 American International Group, Inc. Investor Relations Teri L. Watson, Vice President (212)770-7074

Consolidated Statement of Income (Loss) (in millions, except per share data) March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Revenues: Premiums and other considerations $ 10,067 $ 12,841 (21.6) % $ 10,516 (4.3) % Net investment income 4,836 915 428.5 3,913 23.6 Net realized capital losses: (1) Total other-than-temporary impairments on available for sale securities (309) (3,672) NM (1,332) NM Portion of other-than-temporary impairments on available for sale fixed maturity securities recognized in Accumulated other comprehensive loss (521) - NM 35 NM Net other-than-temporary impairments on available for sale securities recognized in net income (loss) (830) (3,672) NM (1,297) NM Other realized capital gains 282 898 (68.6) 1,036 (72.8) Total net realized capital losses (548) (2,774) NM (261) NM Unrealized market valuation gains (losses) on AIGFP super senior credit default swap portfolio 119 (452) NM 275 (56.7) Other income (1) 1,856 2,785 (33.4) 2,256 (17.7) Total revenues (1) 16,330 13,315 22.6 16,699 (2.2) Benefits, claims and expenses: Policyholder benefits and claims incurred 8,519 11,353 (25.0) 11,278 (24.5) Policy acquisition and other insurance expenses 3,262 3,576 (8.8) 3,753 (13.1) Interest expense 1,734 2,587 (33.0) 7,224 (76.0) Restructuring expenses and related asset impairment and other expenses 110 338 (67.5) 212 (48.1) Net loss (gain) on sale of divested businesses (2) 77 (262) NM 66 16.7 Other expenses 1,793 2,239 (19.9) 2,544 (29.5) Total benefits, claims and expenses 15,495 19,831 (21.9) 25,077 (38.2) Income (loss) from continuing operations before income tax expense (benefit) 835 (6,516) NM (8,378) NM Income tax expense (benefit) (91) (1,303) NM 2 NM Income (loss) from continuing operations 926 (5,213) NM (8,380) NM Income (loss) from discontinued operations, net of income tax expense (benefit) (3) 1,173 80 NM (630) NM Net income (loss) 2,099 (5,133) NM (9,010) NM Less: Net Income (loss) from continuing operations attributable to noncontrolling interests: Noncontrolling nonvoting, callable, junior and senior preferred interests held by Federal Reserve Bank of New York 519 - NM 140 NM Other 129 (774) NM (314) NM Total net income (loss) from continuing operations attributable to noncontrolling interests 648 (774) (174) NM Income (loss) from discontinued operations attributable to noncontrolling interests - (6) NM 37 NM Total net income (loss) attributable to noncontrolling interests 648 (780) NM (137) NM Net income (loss) attributable to AIG $ 1,451 $ (4,353) NM % $ (8,873) NM % Net income (loss) attributable to AIG common shareholders $ 294 $ (5,365) NM % $ (8,873) NM % Income (loss) per common share attributable to AIG: Basic Income (loss) from continuing operations $ 0.41 $ (40.29) NM $ (60.59) NM % Income (loss) from discontinued operations $ 1.75 $ 0.62 182.2 $ (4.92) NM Diluted Income (loss) from continuing operations $ 0.41 $ (40.29) NM $ (60.59) NM Income (loss) from discontinued operations $ 1.75 $ 0.62 182.0 $ (4.92) NM Weighted average shares outstanding: Basic 135.7 135.3 135.4 Diluted 135.7 135.3 135.4 (See Accompanying Notes on Page 2) 1

Consolidated Statement of Operations Notes (1) Includes gains (losses) from hedging activities that did not qualify for hedge accounting, including the related foreign exchange gains and losses. (Refer to page 5) and other-than-temporary impairment charges (Refer to page 46). (2) Includes the net gain (loss) on sales of divested businesses during 2009 that did not qualify as discontinued operations. (3) Includes the results of operations for each of the following companies which were classified as discontinued operations. These companies previously had been a component of the Foreign Life Insurance & Retirement Services reportable segment. AIG expects the sale of these companies to close in 2010: As of March 1, 2010, AIG and AIA Aurora LLC, a special purpose vehicle formed by AIG and the FRBNY (AIA Holdings), entered into a definitive agreement (the AIA Share Purchase Agreement) with Prudential plc (Prudential) and Prudential Group Limited (formerly known as Petrohue (UK) Investments Limited), for the sale of AIA Group Limited (AIA). As of March 7, 2010, AIG and ALICO Holdings LLC, a special purpose vehicle formed by AIG and the FRBNY (ALICO Holdings) entered into a definitive agreement (the ALICO Stock Purchase Agreement) with MetLife, Inc. (MetLife) for the sale of American Life Insurance Company (ALICO) by ALICO Holdings to MetLife, and the sale of Delaware American Life Insurance Company by AIG to MetLife. On October 12, 2009, AIG entered into an agreement to sell its 97.57 percent share of Nan Shan Life Insurance Company, Ltd. (Nan Shan). A summary of income (loss) from discontinued operations is as follows: March 31, (in millions) 2010 2009 Premiums and other considerations $ 6,525 $ 6,024 Net investment income 2,252 1,449 Net realized capital gains (losses) 63 (587) Total revenues 8,840 6,886 Income (loss) from discontinued operations 1,142 152 Loss on sale (106) (3) Income (loss) from discontinued operations, before income tax expense (benefit) 1,036 149 Income tax expense (benefit) (137) 69 Income (loss) from discontinued operations, net of tax $ 1,173 $ 80 2

Consolidated Statement of Segment Operations (in millions, except per share data) March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) General Insurance Net premiums written $ 7,644 $ 7,727 (1.1) % $ 6,922 10.4 % Net premiums earned 7,641 8,272 (7.6) 8,023 (4.8) Claims and claims adjustment expenses incurred 5,459 5,787 (5.7) 7,936 (31.2) Change in deferred acquisition costs (18) 5 NM 295 NM Other underwriting expenses 2,392 2,205 8.5 2,396 (0.2) Underwriting loss (192) 275 NM (2,604) NM Net investment income 1,071 435 146.2 855 25.3 Operating income (loss) before net realized capital gains (losses) 879 710 23.8 (1,749) NM Net realized capital gains (losses) 137 (608) NM 151 (9.3) Pre-tax income (loss) 1,016 102 NM (1,598) NM Domestic Life Insurance & Retirement Services Premiums and other considerations 1,315 1,440 (8.7) 1,279 2.8 Deposits and other considerations not included in revenues under GAAP 3,422 3,624 (5.6) 3,996 (14.4) Premiums, deposits and other considerations 4,737 5,064 (6.5) 5,275 (10.2) Net investment income 2,707 1,930 40.3 2,663 1.7 Operating income (loss) before net realized capital gains (losses) 1,123 (160) NM 1,034 NM Net realized capital losses (796) (1,667) NM (364) NM Pre-tax income (loss) 327 (1,827) NM 670 (51.2) Foreign Life Insurance & Retirement Services (1) Premiums and other considerations 864 925 (6.6) 967 (10.7) Deposits and other considerations not included in revenues under GAAP 367 337 8.9 262 40.1 Premiums, deposits and other considerations 1,231 1,262 (2.5) 1,229 0.2 Net investment income 346 324 6.8 324 6.8 Operating income before net realized capital gains (losses) 220 358 (38.5) 165 33.3 Net realized capital gains (losses) (135) (486) NM 187 NM Pre-tax income (loss) 85 (128) NM 352 (75.9) Financial Services Operating income (loss), excluding non-qualifying derivative hedging activities and net realized capital gains (losses) (2) (474) (1,090) NM 92 NM Non-qualifying derivative hedging activities - 2 NM - NM Net realized capital gains (losses) 35 (42) NM 3 NM Pre-tax income (loss) (439) (1,130) NM 95 NM Other before net realized capital gains (losses) (353) (3,522) NM (7,296) NM Other net realized capital gains 59 78 (24.4) 50 18.0 Consolidation and elimination adjustments (3) 140 (89) NM (651) NM Income (loss) from continuing operations before income tax expense (benefit) 835 (6,516) NM (8,378) NM Income tax expense (benefit) (4) (91) (1,303) NM 2 NM Income (loss) from continuing operations 926 (5,213) NM (8,380) NM Income (loss) from discontinued operations, net of tax 1,173 80 NM (630) NM Net income (loss) 2,099 (5,133) NM (9,010) NM Less: Net income (loss) from continuing operations attributable to noncontrolling interests: Noncontrolling nonvoting, callable, junior and senior preferred interests held by Federal Reserve Bank of New York 519 - NM 140 NM Other 129 (774) NM (314) NM Total income (loss) from continuing operations attributable to noncontrolling interests 648 (774) NM (174) NM Income (loss) from discontinued operations attributable to noncontrolling interests - (6) NM 37 NM Total net income (loss) attributable to noncontrolling interests 648 (780) NM (137) NM Net income (loss) attributable to AIG 1,451 (4,353) NM (8,873) NM Income (loss) attributable to AIG from discontinued operations, net of tax 1,173 86 NM (667) NM Net gain (loss) on sale of divested businesses, net of tax (77) 175 NM (322) NM Net realized capital losses, net of tax (360) (2,410) NM (516) NM Non-qualifying derivative hedging activities, excluding net realized gains (losses), net of tax (94) (118) NM 176 NM Adjusted net income (loss) $ 809 $ (2,086) NM % $ (7,544) NM % Income (loss) per common share attributable to AIG - diluted : Income (loss) from continuing operations $ 0.41 $ (40.29) NM $ (60.59) NM Income (loss) from discontinued operations 1.75 0.62 182.3 (4.92) NM Adjusted net income (loss) $ 1.21 $ (22.90) NM $ (55.69) NM Weighted average shares outstanding - diluted 135.7 135.3 135.4 Effective tax rates (5): Income (loss) before income tax and noncontrolling interest (10.9)% 20.0% (0.0)% Net income (loss) attributable to AIG (287.6)% 22.8% (0.9)% Adjusted net income (loss) 1.3% 32.3% 0.3% Return on equity attributable to AIG 8.0% (See Accompanying Notes on Page 4) 3

Consolidated Statement of Segment Operations Notes (1) Following the classification of AIA, ALICO, and Nan Shan as discontinued operations, AIG s remaining Foreign Life Insurance & Retirement Services operations are conducted through AIG Star Life Insurance Co. Ltd. and AIG Edison Life Insurance Company. (2) Includes unrealized market valuation gains and losses on Capital Markets super senior credit default swap portfolio and the pre-tax effect of changes in credit spreads on the valuation of Capital Markets assets and liabilities. Refer to page 35. (3) Includes the income from certain AIG managed partnerships, private equity and real estate funds that are consolidated. Such income is offset in net income (loss) attributable to noncontrolling interests, which is not a component of operating income, on the consolidated statement of income (loss). (4) Includes a change in estimated U.S. tax liability with respect to the potential sale of subsidiaries, partially offset by an increase in the valuation allowance and reserve for uncertain tax positions. (5) The calculation of the effective tax rates is as follows: March 31, 2010 Income (Loss) Income Tax Net Effective (dollars in millions) before tax Expense (benefit) Income (loss) Tax Rate Income (Loss) before income tax expense (benefit) $ 835 $ (91) $ 926-10.9% Noncontrolling interest 764 116 648 Net income (loss) attributable to AIG 71 (207) 278-287.6% Net realized capital losses (526) (166) (360) Non-qualifying derivative hedging losses (145) (51) (94) Loss on sale of divested businesses (77) - (77) Adjusted net income (loss) $ 819 $ 10 $ 809 1.3% Effective tax rate is calculated based on Income (loss) from continuing operations and excludes the loss from discontinued operations. 4

Summary of Non-qualifying Derivative Hedging Activities (1) (in millions) March 31, March 31, Dec. 31, 2010 2009 2009 Effect on income (loss) from continuing operations before net realized capital gains (losses): Financial Services $ - $ 2 $ - Intercompany Eliminations: Continuing Operations (2) (338) (352) 207 Discontinued Operations (2) 18 51 (31) Foreign Exchange Rates on Economically Hedged Debt Exposures for Financial Services (3): 175 114 94 Total pre-tax effect (145) (184) 270 Total after-tax effect (94) (118) 176 Effect on net realized capital gains (losses) (4): Financial Services 1 - (4) General Insurance (36) (26) 14 Domestic Life Insurance & Retirement Services (5) (388) 535 (415) Foreign Life Insurance & Retirement Services (36) (128) 136 Other (217) 880 306 Eliminations and Reclassifications (6) 231 (48) (254) Total pre-tax effect (444) 1,214 (216) Total after-tax effect (289) 788 (140) Non-qualifying derivative hedging activities effect on total income: Total pre-tax effect (589) 1,030 54 Total after tax-effect (383) 670 36 Effect of non-qualifying derivative hedging activities included in discontinued operations (7): Foreign Life Insurance & Retirement Services (14) (265) 381 Eliminations and Reclassifications - Discontinued Operations 6 (51) (3) Total pre-tax effect (8) (316) 378 Total after tax-effect $ (5) $ (206) $ 245 (1) This schedule summarizes the effect of derivative gains and losses on operating income that are effective economic hedges of investments and borrowings that did not qualify for hedge accounting. Since hedge accounting has not been applied to the periods presented, an offsetting gain or loss on the hedged exposure has not been recognized in operating income. The mismatch in the earnings recognition on the derivatives and the hedged exposures has resulted in volatility in the operating results that does not reflect properly the effectiveness of these hedging activities. (2) Represents the elimination of revenues reported in the Financial Services segment from intercompany hedging activities. (3) Represents the reclassification of revenues reported in the Financial Services segment arising from foreign exchange rate movements on economically hedged exposures. (4) In general, for the three months ended March 31, 2010, AIG derivatives decreased in value as the U.S. dollar strengthened against the Euro and Pound Sterling. Additionally, as AIG credit spreads improved, AIG derivative liabilities lost value. (5) In addition to dollar strengthening and AIG Credit Spreads improvements, losses in the Domestic Life Insurance and Retirement segment were attributable to exchange traded contracts used to hedge the Guaranteed Minimum Living Benefit Program at SunAmerica Annuity and Life Assurance Company. These contracts are short global equity markets. As global equity markets continued to rally in three months ended March 31, 2010 the loss on these contracts increased in the three months ended March 31, 2010. (6) Represents the elimination of net realized capital gains (losses) from intercompany hedging activities and the reclassification of foreign exchange rates on economically hedged exposures. (7) Represents the impact on net realized capital gains (losses) for Nan Shan, AIA, and ALICO. 5

Consolidated Balance Sheet (in millions) March 31, December 31, 2010 2009 Assets: Investments Fixed maturity securities (1) $ 283,235 $ 396,794 Equity securities 7,444 17,840 Mortgage and other loans receivable, net of allowance 22,533 27,461 Finance receivables, net of allowance 18,912 20,327 Flight equipment primarily under operating leases, net of accumulated depreciation 43,258 44,091 Other invested assets 33,250 45,235 Securities purchased under agreements to resell, at fair value 1,615 2,154 Short-term investments 38,800 47,263 Total investments 449,047 601,165 Cash 2,133 4,400 Accrued investment income 3,467 5,152 Premiums and other receivables, net of allowance 18,718 16,549 Reinsurance assets, net of allowance 25,791 22,425 Current and deferred income taxes 6,805 4,108 Deferred policy acquisition costs 19,064 40,814 Real estate and other fixed assets, net of accumulated depreciation 3,259 4,142 Unrealized gain on swaps, options and forward transactions, at fair value 7,383 9,130 Goodwill 2,565 6,195 Other assets, including prepaid commitment asset 17,072 18,976 Separate account assets, at fair value 51,953 58,150 Assets of businesses held for sale (2) 256,440 56,379 Total assets $ 863,697 $ 847,585 Liabilities: Liability for unpaid claims and claims adjustment expense $ 86,489 $ 85,386 Unearned premiums 26,350 21,363 Future policy benefits for life and accident and health insurance contracts 47,752 116,001 Policyholder contract deposits 142,932 220,128 Other policyholder funds 7,493 13,252 Commissions, expenses and taxes payable 2,874 4,950 Insurance balances payable 4,004 4,393 Funds held by companies under reinsurance treaties 708 774 Securities sold under agreements to repurchase, at fair value 3,418 3,505 Securities and spot commodities sold but not yet purchased, at fair value 458 1,030 Unrealized loss on swaps, options and forward transactions, at fair value 6,296 5,403 Trust deposits and deposits due to banks and other depositors 1,030 1,641 Other liabilities 21,015 22,503 Federal Reserve Bank of New York Commercial Paper Funding Facility 2,285 4,739 Federal Reserve Bank of New York Credit Facility 27,400 23,435 Other long-term debt 109,744 113,298 Separate account liabilities 51,953 58,150 Liabilities of businesses held for sale (2) 217,837 48,599 Total liabilities 760,038 748,550 Commitments, contingencies and guarantees Redeemable noncontrolling interests in partially owned consolidated subsidiaries 1,940 959 AIG shareholders' equity: Preferred Stock, Series E 41,605 41,605 Preferred Stock, Series F 7,378 5,179 Preferred Stock, Series C 23,000 23,000 Common stock 354 354 Additional paid-in capital 6,356 6,358 Unrealized appreciation (depreciation) of fixed maturity investments on which other-than-temporary credit impairments were taken, net of tax (1,042) (1,810) Unrealized appreciation (depreciation) of all other investments, net of tax 8,086 7,145 Net derivative gains (losses) arising from Cash flow hedging activities, net of tax (106) (128) Foreign currency translation adjustments, net of tax 1,206 1,630 Retirement plan liabilities adjustment, net of tax (1,091) (1,144) Accumulated deficit (9,871) (11,491) Treasury stock, at cost (874) (874) Total AIG shareholders' equity 75,001 69,824 Noncontrolling interests Noncontrolling nonvoting, callable, junior and senior preferred interests held by Federal Reserve Bank of New York 25,059 24,540 Other 1,659 3,712 Total noncontrolling interests 26,718 28,252 Total equity 101,719 98,076 Total liabilities and equity $ 863,697 $ 847,585 (See Accompanying Notes on Page 7) 6

Consolidated Balance Sheet Notes (1) Includes interests in Maiden Lane II and Maiden Lane III of $922 million and $5.3 billion, respectively as of March 31, 2010. (2) Assets and liabilities as held-for-sale at March 31, 2010 and December 31, 2009 is comprised of the following: AIA, ALICO and Nan Shan classified as discontinued operations at March 31, 2010; AIG Bank Polska which was held-for-sale at March 31, 2010 and December 31, 2009; and AIG s investment advisory and third party asset management businesses at December 31, 2009. This sale closed on March 26, 2010. March 31, December 31, (in millions) 2010 2009 Assets: Fixed maturity securities $ 163,336 $ 34,495 Deferred policy acquisition costs 24,204 3,322 Equity securities 15,366 2,947 Other invested assets 13,269 4,256 Short-term investments 13,170 3,501 Separate account assets 10,675 3,467 Mortgage and other loans receivable, net 9,096 3,997 Goodwill 3,457 25 Other assets 3,867 369 Total Assets of businesses held for sale $ 256,440 $ 56,379 Liabilities: Future policy benefits for life and accident and health insurance contracts $ 108,812 $ 38,023 Policyholder contract deposits 79,312 3,133 Separate account liabilities 10,675 3,467 Other liabilities 19,038 3,976 Total Liabilities of businesses held for sale $ 217,837 $ 48,599 7

Debt and Capital (dollars in millions) Debt and Hybrid Capital Interest Expense (a) March 31, Dec. 31, Inc. 2010 2009 (Dec.) March 31, 2010 Dec. 31, 2009 Financial debt: FRBNY Credit Facility $ 27,400 $ 23,435 16.9 % $ 833 (b) $ 6,225 (b) AIG notes and bonds payable 9,457 10,419 (9.2) 124 129 AIG loans and mortgage payable 427 438 (2.5) 1 1 AIG LH notes and bonds payable 798 798-15 15 Liabilities connected to trust preferred stock 1,339 1,339-27 27 AIG loans to financial services subsidiaries (706) (1,213) (41.8) - (c) - (c) AIG Funding loans to financial services subsidiaries (4,848) (3,505) NM - (c) - (c) Total 33,867 31,711 6.8 1,000 6,397 Operating debt: AIG Funding commercial paper - 1,997 NM 3 13 MIP matched notes and bonds payable 12,642 13,371 (5.5) 98 103 Series AIGFP matched notes and bonds payable 3,868 3,913 (1.2) 76 76 AIGFP borrowings (d) 15,085 15,937 (5.3) - - ILFC borrowings 28,710 26,173 9.7 235 247 AGF borrowings 17,283 20,119 (14.1) 258 254 AIGCFG borrowings 68 216 (68.5) 15 19 Other Subsidiaries 458 295 55.3 5 2 Borrowings of consolidated investments 4,315 5,141 (16.1) 37 30 AIG loans to financial services subsidiaries 706 1,213 (41.8) - (c) - (c) AIG Funding loans to financial services subsidiaries 4,848 3,505 NM - (c) - (c) Total 87,983 91,880 (4.2) 727 744 Hybrid - debt securities: Junior subordinated debt 11,699 12,001 (f) (2.5) 217 224 Hybrid - mandatorily convertible units: Junior subordinated debt attributable to equity units 5,880 5,880 (e) (f) - 85 85 Total $ 139,429 $ 141,472 (1.4)% $ 2,029 $ 7,450 AIG capitalization: Total equity $ 101,719 $ 98,076 3.7 % Hybrid - debt securities 11,699 12,001 (f) (2.5) Hybrid - mandatorily convertible units 5,880 5,880 (e) (f) - Total consolidated equity and hybrid capital 119,298 115,957 2.9 Financial debt 33,867 31,711 6.8 Total capital $ 153,165 $ 147,668 3.7 % Ratios: Total equity / Total capital 66.4% 66.4% Hybrid - debt securities / Total capital 7.6% 8.1% Hybrid - mandatorily convertible units / Total capital 3.8% 4.0% Financial debt / Total capital 22.1% 21.5% (a) Includes $112 million, $36 million of interest expense in the three-month periods ended March 31, 2010 and December 31, 2009, respectively, reported in Other Income (loss) and Policy acquisition and other insurance expenses on the Consolidated Statement of Income (Loss). (b) Includes interest expense of $183 million and $190 million for the three months ended March 31, 2010 and December 31, 2009, respectively, allocated to discontinued operations. (c) Amounts are eliminated in consolidation. (d) Borrowings are carried at fair value with fair value adjustments reported in Other income (loss) on the Consolidated Statement of Income (Loss). Contractual interest payments amounted to $83.6 million and $584.1 million for the three months ended March 31, 2010 and twelve months ended December 31, 2009, respectively. (e) The equity units consist of an ownership interest in AIG junior subordinated debentures and a stock purchase contract obligating the holder of an equity unit to purchase, and obligating AIG to sell, a variable number of shares of AIG common stock on three dates in 2011. (f) The equity units and junior subordinated debentures receive hybrid equity treatment from the major rating agencies under their current policies but are recorded as long-term borrowings on the consolidated balance sheet. 8

Federal Reserve Bank of New York FRBNY Credit Facility: American International Group, Inc. U.S. Government Support As of March 31, 2010 (in millions) Amount of Balance Outstanding Remaining Assistance Authorized March 31, Dec. 31, Inc. Available Balance Description of Support Debt Equity 2010 2009 (Dec.) March 31, 2010 $34,156 (a) $21,649 $17,900 $3,749 $12,507 The FRBNY created this facility to enhance the liquidity of AIG and its subsidiaries. In consideration for the facility, Series C preferred stock was issued at a purchase price of $0.5 million to a trust established for the sole benefit of the United States Treasury. The Series C preferred stock represents approximately 79.8 percent of each of (i) the voting power of AIG's shareholders entitled to vote on any particular matter and (ii) the aggregate dividend rights of the outstanding shares of AIG common stock and the Series C preferred stock. (a) FRBNY Credit Facility Interest and Fees: 5,751 5,535 216 - Accrued compounding interest and fees owed by AIG paid with additional borrowings (paid in kind) Preferred Interests in AIA and ALICO: 25,000 25,059 24,540 519 On December 1, 2009 AIG and the FRBNY completed two transactions pursuant to which AIG transferred to the FRBNY preferred equity interests in newly-formed special purpose vehicles (SPVs) in exchange for a $25 billion reduction of the balance outstanding and the maximum credit available under the FRBNY Credit Facility. The FRBNY holds a preferred interest in the AIA Aurora LLC with a liquidation preference of $16 billion and preferred interests in the ALICO Holdings LLC with a liquidation preference of $9 billion. Maiden Lane II Loan: 22,500 15,283 16,004 (721) The FRBNY created this SPV to provide AIG liquidity by purchasing residential mortgage-backed securities from AIG life insurance and retirement services companies. The FRBNY provided a loan to the SPV for the purchases. It also terminated a previously established securities lending program with AIG. The actual amount funded was $19.494 billion. Maiden Lane III Loan: 30,000 17,323 18,499 (1,176) The FRBNY created this SPV to provide AIG liquidity by purchasing CDOs from AIG Financial Products counterparties in connection with the termination of credit default swaps. The FRBNY again provided a loan to the SPV for the purchases. The actual amount funded was $24.339 billion. U.S. Dept. of Series D/E Preferred Shares: 40,000 41,605 41,605 - the Treasury The United States Department of the Treasury (Department of the Treasury) purchased Series D cumulative preferred stock from AIG. AIG used the proceeds to pay down the FRBNY Credit Facility. These shares were later exchanged for Series E noncumulative preferred shares. Unpaid dividends on the Series D shares were added to the liquidation preference of the Series E shares. Series F Preferred Shares: 29,835 7,543 5,344 2,199 22,292 Through the purchase of AIG's Series F noncumulative preferred shares, the Department of the Treasury originally committed to provide to AIG up to $29.835 billion, subject to certain conditions. The liquidation preference of each share of the Series F preferred stock increases by the pro rata amount of any drawdown on the commitment. Total authorized and outstanding assistance (b) $86,656 $94,835 $134,213 $129,427 $4,786 $34,799 Less: Maiden Lane II and Maiden Lane III loans (32,606) (34,503) (1,897) Amounts reflected on AIG's consolidated balance sheet $101,607 $94,924 $6,683 * Refer to page 10 for discussion of capital structure and ranking of obligations. (a) The FRBNY Credit Facility was initially $85 billion, but was reduced to $60 billion in November 2008 and was further reduced by an additional $25 billion in December 2009 to $35 billion, as a result of the completion of the transactions described in this table under Preferred Interests in AIA and ALICO. As of March 31, 2010, the facility availability was reduced to $34.156 billion as a result of mandatory prepayments relating to asset sales which occurred in the first quarter of 2010. (b) Does not include AIG s participation in the FRBNY Commercial Paper Funding Facility. 9

AMERICAN INTERNATIONAL GROUP, INC. CAPITAL STRUCTURE Note that all obligations within the same level rank pari passu (equally and without preference) unless otherwise noted. LEVEL RANK LEVEL NAME DESCRIPTION OF OBLIGATION ONE SECURED FRBNY Credit Facility o AIG Senior Debt Securities (including MIP and Series AIGFP ) TWO SENIOR UNSECURED o Guarantees by AIG of subsidiary indebtedness and payment obligations (1) o Series A-1 through A-8 junior subordinated debentures (aka hybrid securities ) THREE JUNIOR SUBORDINATED o Series B-1, B-2 and B-3 junior subordinated debentures (aka debt issued as part of Equity Units ) SENIOR PREFERRED STOCK FOUR o Series E Preferred Stock (2) Senior TARP Fixed Rate Non Cumulative Perpetual Preferred Stock o Series F Preferred Stock (3) JUNIOR PREFERRED STOCK FIVE Perpetual, Convertible, Participating Preferred Stock o Series C Preferred Stock SIX COMMON STOCK Common Stock, par value $2.50 per share (1) Note that the guarantees by AIG of the American General (i.e., AIG Life Holdings (US), Inc.) trust preferred securities (American General Capital II, American General Institutional Capital A and American General Institutional Capital B) only apply to payments actually made to the trust in respect of the underlying American General junior subordinated debentures, and AIG s guarantee of the debentures is subordinate to the guarantees by AIG of the American General (i.e., AIG Life Holdings (US), Inc.) senior debt; no payments may be made on this guarantee if American General is prohibited from making payments on the debentures. (2) On April 17, 2009, AIG entered into an exchange agreement with the Department of the Treasury pursuant to which, among other things, the Department of the Treasury exchanged 4,000,000 shares of the Series D Fixed Rate Cumulative Perpetual Preferred Stock, par value $5.00 per share (the Series D Preferred Stock), for 400,000 shares of AIG s Series E Fixed Rate Non-Cumulative Perpetual Preferred Stock, par value $5.00 per share (the Series E Preferred Stock ). (3) On April 17, 2009, AIG entered into a purchase agreement with the Department of the Treasury pursuant to which, among other things, AIG issued and sold to the Department of the Treasury 300,000 shares of Series F Fixed Rate Non-Cumulative Perpetual Preferred Stock, par value $5.00 per share (the Series F Preferred Stock ), each share with a zero initial liquidation preference, and a warrant to purchase up to 150 shares of AIG s common stock, par value $2.50 per share. Pursuant to the purchase agreement, the Department of the Treasury has committed for five years to provide immediately available funds in an amount up to $29.835 billion so long as on the applicable drawdown date (i) AIG is not a debtor in a pending case under Title 11 of the United States Code and (ii) the AIG Credit Facility Trust, a trust established for the sole benefit of the United States Treasury, and the Department of the Treasury in the aggregate beneficially own more than 50 percent of the aggregate voting power of AIG s voting securities. The liquidation preference of each share of the AIG Series F Preferred Stock increases by the pro rata amount of any drawdown on the commitment. 10

Book Value per Share (dollars in millions, except per share amounts) (2 3) (2) Book Value Per Share, (1) Total AIG Shareholders' (3) (1 3) Excluding Unrealized Pro Forma Total AIG Equity, excluding Total Common Book Value Appreciation (Depreciation) Book Value Shareholders' Unrealized Appreciation Shares Per Share on Investments Per Share (a) Equity (Depreciation) on Investments Outstanding December 31, 2006 $ 781.77 $ 704.24 $ - $ 101,677 $ 91,594 130,059,810 December 31, 2007 757.45 722.86-95,801 91,426 126,479,203 December 31, 2008 391.94 425.05-52,710 57,162 134,483,454 December 31, 2009 516.94 477.44 40.75 (b) 69,824 64,489 135,070,907 March 31, 2010 555.80 503.60 44.98 75,001 67,957 134,944,484 (a) At March 31, 2010, pro forma book value per share is computed as follows: $75,001 + $5,880 - $41,605 - $7,543 Total AIG Shareholders' equity + Proceeds from the settlement of equity units - Series E preferred (including cumulative dividends on Series D preferred) - Series F draw down =$ 44.98 Total common shares outstanding + common shares issuable in settlement of equity units + common shares issued upon assumed conversion of Series C Preferred Stock 134,944,484 + 7,736,904 + 562,868,096 (b) Beginning in the first quarter of 2010, the pro forma book value per share calculation has been revised to include an increase to AIG shareholders' equity reflecting proceeds from the settlement of equity units. The December 31, 2009 pro forma book value per share amount has been revised to conform with this presentation. 11

General Insurance Operating Statistics (dollars in millions) March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Gross premiums written $ 11,508 $ 11,325 1.6 % $ 8,332 38.1 % Ceded premiums written 3,864 3,598 7.4 1,410 174.0 Net premiums written 7,644 7,727 (1.1) 6,922 10.4 Net premiums earned 7,641 8,272 (7.6) 8,023 (4.8) Paid losses 5,611 5,890 (4.7) 5,601 0.2 Change in net loss reserves (663) (339) NM 2,733 NM Less foreign exchange effect (511) (236) NM 398 NM Claims and claims adjustment expenses incurred (1) (2) (3) 5,459 5,787 (5.7) 7,936 (31.2) Change in deferred acquisition costs (18) 5 NM 295 NM Other underwriting expenses 2,392 2,205 8.5 2,396 (0.2) Underwriting profit (loss) (192) 275 NM (2,604) NM Net investment income Interest and dividends 845 941 (10.2) 901 (6.2) Partnership income 147 (398) NM 107 37.4 Mutual funds (1) (34) NM 51 NM Other investment income (4) 53 38 39.5 101 (47.5) Investment expense 27 (112) NM (305) NM Total 1,071 435 146.2 855 25.3 Operating income (loss) before net realized capital gains (losses) 879 710 23.8 (1,749) NM Net realized capital gains (losses) 137 (608) NM 151 (9.3) Pre-tax income (loss) $ 1,016 $ 102 NM % $ (1,598) NM % Net loss and loss expense reserve (at period end) $ 64,294 $ 59,718 $ 63,446 - % Underwriting ratios: Loss ratio (2) 71.44 69.96 98.92 Expense ratio 31.07 26.72 33.54 Combined ratio 102.51 96.68 132.46 Combined ratio excluding significant current year catastrophe-related losses 96.22 96.68 132.46 Foreign exchange effect on worldwide growth: Net premiums written Growth in original currency (5) (3.8) % Foreign exchange effect 2.7 Growth as reported in U.S. $ (1.1) % (See Accompanying Notes on Page 17) 12

AIG Commercial Insurance Operating Statistics (dollars in millions) March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Net premiums written $ 3,787 $ 4,184 (9.5) % $ 4,219 (10.2) % Net premiums earned 4,562 5,227 (12.7) 4,796 (4.9) Claims and claims adjustment expenses incurred (1)(3) 3,474 4,094 (15.1) 5,822 (40.3) Change in deferred acquisition costs 129 130 (0.8) 171 (24.6) Other underwriting expenses 1,070 1,024 4.5 1,051 1.8 Underwriting loss (111) (21) NM (2,248) NM Net investment income Interest and dividends 654 671 (2.5) 660 (0.9) Partnership income 142 (321) NM 191 (25.7) Mutual funds 1 (12) NM 10 (90.0) Other investment income (4) 62 40 55.0 109 (43.1) Investment expense (15) (78) (80.8) (14) 7.1 Total 844 300 181.3 956 (11.7) Operating income (loss) before net realized capital gains (losses) 733 279 162.7 (1,292) NM Net realized capital gains (losses) (3) (503) NM (104) NM Pre-tax income (loss) $ 730 $ (224) NM% $ (1,396) NM% Underwriting ratios: Loss ratio 76.15 78.32 121.39 Expense ratio 26.28 22.08 25.48 Combined ratio 102.43 100.40 146.87 Combined ratio excluding significant current year catastrophe-related losses 98.55 100.40 146.88 (See Accompanying Notes on Page 17) 13

AIG Commercial Insurance March 31, 2010 Gross Premiums Written by Line of Business Multinational P&C 6.8% Management / Professional Liability 7.6% Aviation 1.5% Programs 5.8% A&H Products 8.1% Environmental 2.5% All Other * 14.1% Commercial Umbrella / Excess 7.6% Property 16.8% General Liability / Auto Liability 15.6% Workers Compensation 13.6% Gross Premiums Written $4.8 billion * All Other includes $273 million (5.7%) from the Private Client Group 14

Foreign General Insurance Operating Statistics (dollars in millions) March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Net premiums written $ 3,857 $ 3,543 8.9 % $ 2,703 42.7 % Net premiums earned 3,079 3,045 1.1 3,227 (4.6) Claims and claims adjustment expenses incurred (1) (2) 1,985 1,693 17.2 2,114 (6.1) Change in deferred acquisition costs (147) (125) NM 124 NM Other underwriting expenses 1,322 1,181 11.9 1,345 (1.7) Underwriting profit (loss) (81) 296 NM (356) NM Net investment income Interest and dividends 191 270 (29.3) 241 (20.7) Partnership income 5 (77) NM (84) NM Mutual funds (2) (22) NM 41 NM Other investment income (4) (9) (2) NM (8) NM Investment expense 42 (34) NM (291) NM Total 227 135 68.1 (101) NM Operating (loss) income before net realized capital gains (losses) 146 431 (66.1) (457) NM Net realized capital gains (losses) 140 (105) NM 255 (45.1) Pre-tax income (loss) (6) $ 286 $ 326 (12.3) % $ (202) NM % Underwriting ratios: Loss ratio (2) 64.47 55.62 65.51 Expense ratio 38.16 34.68 45.52 Combined ratio 102.63 90.30 111.03 Combined ratio excluding significant current year catastrophe-related losses 92.76 90.30 111.03 Foreign exchange effect on Foreign General's growth: Net premiums written Growth in original currency (5) 2.9 % Foreign exchange effect 6.0 Growth as reported in U.S. $ 8.9 % (See Accompanying Notes on Page 17) 15

Foreign General Insurance Gross Premiums Written March 31, 2010 Gross Premiums Written by Line of Business Gross Premiums Written by Region Accident & Health 14.9% Other / Service Business Personal Lines 9.1% 8.7% Aviation 2.8% Marine and Energy 25.6% U.K. / Ireland 35.9% Africa / Middle East / Mediterranean / South Asia 3.0% Asia / Australasia 6.9% Lloyd's 4.5% Property 5.5% Americas 12.2% Europe 28.8% Specialty Lines 16.2% Casualty 12.7% Far East 13.2% Gross Premiums Written $6.8 billion 16

General Insurance Notes (1) Includes significant current year catastrophe-related losses and net reinstatement premiums as follows: March 31, March 31, Dec. 31, (in millions) 2010 2009 2009 AIG Commercial Insurance $ 177 $ - $ (2) Foreign General Insurance 304 - Total $ 481 $ - $ (2) (2) Total General Insurance and Foreign General Insurance include changes in future policy benefits for certain accident and health insurance contracts. (3) Commercial Insurance operations include a $2.3 billion reserve strengthening charge in the three months ended December 31, 2009. (4) Other investment income is comprised principally of real estate income, changes in market value associated with trading portfolios and income (loss) from equity method investments. (5) Computed using a constant exchange rate for each period. (6) Income statement accounts expressed in non-functional currencies are translated into U.S. dollars using average exchange rates. 17

Domestic Life Insurance & Retirement Services Operating Statistics (dollars in millions) March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Premiums, deposits and other considerations (1) $ 4,737 $ 5,064 (6.5) % $ 5,275 (10.2) % Revenues: Premiums and other considerations $ 667 $ 780 (14.5) % $ 624 6.9 % Fee Income 648 660 (1.8) 655 (1.1) Net investment income: Interest and dividends 2,476 2,293 8.0 2,353 5.2 Partnership income (loss) 235 (373) NM 338 (30.5) Other 38 43 (11.6) 49 (22.4) Investment expenses (42) (33) NM (77) NM Total net investment income 2,707 1,930 40.3 2,663 1.7 Total revenues excluding net realized capital gains (losses) 4,022 3,370 19.3 3,942 2.0 Benefits and expenses: Policyholder benefits and claims incurred 2,203 2,646 (16.7) 2,154 2.3 Policy acquisition and other insurance expenses 700 1,233 (43.2) 702 (0.3) Total benefits and expenses 2,903 3,879 (25.2) 2,856 1.6 Operating income (loss) excluding net realized capital gains (losses) and related amortization of acquisition costs, VOBA and sales inducements 1,119 (509) NM 1,086 3.0 Amortization (benefit) of deferred acquisition costs, VOBA and sales inducements related to net realized capital gains (losses) (4) (349) NM 52 NM Operating income before net realized capital gains (losses) 1,123 (160) NM 1,034 8.6 Net realized capital losses (796) (1,667) NM (364) NM Pre-tax income (loss) $ 327 $ (1,827) NM % $ 670 (51.2) % Assets under management: Cash and investments $ 169,383 $ 153,161 10.6 $ 166,184 1.1 % Separate account reserves 51,948 39,523 31.4 50,837 2.3 Group retirement mutual funds 8,249 5,961 38.4 8,075 (2.2) Retail mutual funds 5,951 5,353 11.2 5,879 (0.1) Total assets under management $ 235,531 $ 203,998 15.5 $ 230,975 1.2 % (1) Divested operations included in all lines except Premiums, deposits and other considerations. 18

Domestic Life Insurance Operating Statistics (dollars in millions) March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Premiums, deposits and other considerations (1) (2) $ 1,323 $ 1,470 (10.0)% $ 1,284 3.0 % Revenues: Premiums and other considerations $ 667 $ 689 (3.2)% $ 624 6.9 % Fee income 373 402 (7.2) 375 (0.5) Net investment income Interest and dividends (3) 1,005 903 11.3 993 1.2 Partnership income (loss) 20 (121) NM 49 (59.2) Other 28 41 (31.7) 27 3.7 Investment expenses (19) (18) NM (25) NM Total net investment income 1,034 805 28.4 1,044 (1.0) Total revenues excluding net realized capital gains (losses) 2,074 1,896 9.4 2,043 1.5 Benefits and expenses: Policyholder benefits and claims incurred 1,320 1,295 1.9 1,241 6.4 Policy acquisition and other insurance expenses 389 455 (14.5) 407 (4.4) Total benefits and expenses 1,709 1,750 (2.3) 1,648 3.7 Operating income excluding net realized capital gains (losses) and related amortization of acquisition costs, VOBA and sales inducements and divested operations 365 146 150.0 395 (7.6) Amortization (benefit) of deferred acquisition costs, VOBA and sales inducements related to net realized capital gains (losses) (2) (25) NM (2) NM Operating income before net realized capital gains (losses) and divested operations 367 171 114.6 397 (7.6) Net realized capital gains (losses) (140) (460) NM 20 NM Divested operations - (9) NM - NM Pre-tax income (loss) $ 227 $ (298) NM % $ 417 (45.6) Assets under management (2): Cash and investments $ 61,799 $ 52,022 18.8 % $ 60,311 2.5 % Separate account reserves 5,309 5,010 6.0 5,393 (1.6) Total assets under management $ 67,108 $ 57,032 17.7 % $ 65,704 2.1 % (See Accompanying Notes on Page 23) 19

Domestic Life Insurance Sales and Deposits (2) (dollars in millions) March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Life insurance Periodic premium by product: Universal life $ 9 $ 14 (35.7)% $ 14 (35.7)% Variable universal life - 7 NM 9 NM Term life 16 23 (30.4) 15 6.7 Whole life/other 1 - NM - NM Total periodic premiums by product 26 44 (40.9) 38 (31.6) Group life/health 22 34 (35.3) 13 69.2 Unscheduled and single deposits 15 33 (54.5) 4 275.0 Total life insurance (4) 63 111 (43.2) 55 14.5 Career distribution (AGLA) By product: Periodic life insurance premiums 19 16 18.8 20 (5.0) Unscheduled and single deposits 5 4 25.0 5 - Accident and health insurance 2 1 100.0 2 - Fixed annuities 17 56 (69.6) 19 (10.5) Total career distribution (AGLA) (4) 43 77 (44.2) 46 (6.5) Payout annuities (4) (5) 217 142 52.8 164 32.3 Individual fixed and runoff annuities (4) 161 195 (17.4) 175 (8.0) Total sales and deposits $ 484 $ 525 (7.8)% $ 440 10.0 % (See Accompanying Notes on Page 23) 20

Domestic Life Insurance Other Data (2) (dollars in millions) March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Premiums, deposits and other considerations (1) (2): Life insurance $ 732 $ 853 (14.2) % $ 732 - % Career distribution (AGLA) 213 280 (23.9) 213 - Payout annuities 217 142 52.8 164 32.3 Individual fixed and runoff Annuities 161 195 (17.4) 175 (8.0) Total premiums, deposits and other considerations 1,323 1,470 (10.0) 1,284 3.0 Insurance reserves: Life insurance 24,551 24,042 2.1 24,548 - Career distribution (AGLA) 7,557 7,530 0.4 7,552 0.1 Payout annuities 17,444 17,172 1.6 17,338 0.6 Individual fixed and runoff annuities 7,442 7,276 2.3 7,382 0.8 Total insurance reserves 56,994 56,020 1.7 56,820 0.3 Insurance reserves: General account 51,685 51,010 1.3 51,427 0.5 Separate accounts 5,309 5,010 6.0 5,393 (1.6) Total insurance reserves 56,994 56,020 1.7 56,820 0.3 Gross life insurance in force (at period end): Life insurance 847,679 899,116 (5.7) 863,082 (1.8) Career distribution (AGLA) 67,346 65,769 2.4 66,826 0.8 Gross life insurance in force (at period end) 915,025 964,885 (5.2) 929,908 (1.6) Components of Net Investment Income: Base investment income 912 945 (3.5) 907 0.6 Partnership income (loss) 20 (121) NM 49 (59.2) Other enhancements 102 (19) NM 88 15.9 Total net investment income $ 1,034 $ 805 28.4 % $ 1,044 (1.0) % (See Accompanying Notes on Page 23) 21

Domestic Life Insurance Deferred Policy Acquisition Costs, Sales Inducements and Value of Business Acquired (dollars in millions) March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Life insurance Balance at beginning of period $ 4,145 $ 5,047 (17.9) % $ 4,184 (0.9) % Acquisition costs deferred 62 91 (31.9) 69 (10.1) Amortization (charged) or credited to operating income: Related to net realized capital gains (losses) (1) 20 NM (1) NM Related to unlocking future assumptions - - NM (1) NM All other amortization (102) (126) NM (101) NM Change in unrealized gains (losses) on securities (55) (44) NM (4) NM Other - - NM (1) NM Divested operations - (12) NM - NM Balance at end of period 4,049 4,976 (18.6) 4,145 (2.3) Career distribution (AGLA) Balance at beginning of period 1,420 1,694 (16.2) 1,419 0.1 Acquisition costs deferred 35 36 (2.8) 40 (12.5) Amortization (charged) or credited to operating income: Related to net realized capital gains (losses) - 8 NM (1) NM Related to unlocking future assumptions - - NM (18) NM All other amortization (45) (48) NM (46) NM Change in unrealized gains (losses) on securities (34) 37 NM 27 NM Other - - NM (1) NM Balance at end of period 1,376 1,727 (20.3) 1,420 (3.1) Payout annuities Balance at beginning of period 84 $ 86 (2.3) 85 (1.2) Acquisition costs deferred 2 1 100.0 1 100.0 Amortization (charged) or credited to operating income: All other amortization (2) (2) NM (2) NM Balance at end of period 84 85 (1.2) 84 - Individual fixed and runoff annuities Balance at beginning of period 429 475 (9.7) 435 (1.4) Acquisition costs deferred 14 14-12 16.7 Amortization (charged) or credited to operating income: Related to net realized capital gains (losses) 3 (3) NM 4 (25.0) Related to unlocking future assumptions - (2) NM 1 NM All other amortization (11) (15) NM (8) NM Change in unrealized gains (losses) on securities (51) 1 NM (15) NM Other - (2) NM - NM Balance at end of period 384 468 (17.9) 429 (10.5) Total Balance at beginning of period 6,078 7,302 (16.8) 6,123 (0.7) Acquisition costs deferred 113 142 (20.4) 122 (7.4) Amortization (charged) or credited to operating income: Related to net realized capital gains (losses) 2 25 (92.0) 2 - Related to unlocking future assumptions - (2) NM (18) NM All other amortization (160) (191) NM (157) NM Change in unrealized gains (losses) on securities (140) (6) NM 8 NM Other - (2) NM (2) NM Divested operations - (12) NM - NM Balance at end of period $ 5,893 $ 7,256 (18.8) % $ 6,078 (3.0) % (See Accompanying Notes on Page 23) 22

Domestic Life Insurance Notes (1) Premiums, deposits and other considerations represent aggregate business activity presented on a non-gaap basis. The Domestic Life Insurance PDOC amounts presented for payout annuities have been revised in the first quarter of 2010 to better align with how management views the business. Prior periods have been revised to conform with the current period presentation. (2) Data presented excludes divested operations. (3) Interest and dividends include gains (losses) related to AIG s economic retained interest in Maiden Lane II as follows: March 31, March 31, December 31, (in millions) 2010 2009 2009 Maiden Lane II: Fair value gain (loss) $ 48 $ (81) $ 21 Capitalized interest 3 3 2 Total ML II income (loss) included in interest and dividends $ 51 $ (78) $ 23 (4) Life insurance sales include periodic premium from new business expected to be collected over a one-year period and unscheduled and single premiums from new and existing policyholders. Sales of group accident and health insurance represent annualized first year premium from new policies. Annuity sales represent deposits from new and existing policyholders. (5) Includes structured settlements, single premium immediate annuities and terminal funding annuities. 23

Domestic Retirement Services Operating Statistics (dollars in millions) March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Premiums, deposits and other considerations $ 3,414 $ 3,594 (5.0)% $ 3,991 (14.5) % Fee and other income $ 275 $ 258 6.6 % $ 280 (1.8) % Investment spread Net investment income Interest and dividends (1) 1,471 1,357 8.4 1,363 7.9 Partnership income (loss) 215 (252) NM 288 (25.3) Other 10 14 (28.6) 20 (50.0) Investment expenses (23) (14) NM (52) NM Total net investment income 1,673 1,105 51.4 1,619 3.3 Interest credited 899 1,026 (12.4) 915 (1.7) Net investment spread 774 79 NM 704 9.9 Benefits and Expenses Policyholder benefits and claims incurred (2) (3) (16) 246 NM (2) NM Policy acquisition and other insurance expenses (2) 311 758 (59.0) 295 NM Total benefits and expenses 295 1,004 (70.6) 293 NM Operating income (loss) excluding net realized capital gain (losses) and related amortization of acquisition costs, VOBA and sales inducements 754 (667) NM 691 9.1 Amortization (benefit) of deferred acquisition costs, VOBA and sales inducements related to net realized capital gains (losses) (2) (324) NM 54 NM Operating income (loss) before net realized capital gains (losses) 756 (343) NM 637 18.7 Net realized capital losses (656) (1,186) NM (384) NM Pre-tax income (loss) $ 100 $ (1,529) NM% $ 253 (60.5) % Assets under management: Cash and investments $ 107,584 $ 98,695 9.0 % $ 105,873 1.5 % Separate account reserves 46,639 34,513 35.1 45,444 2.8 Group retirement mutual funds 8,249 5,961 38.4 8,075 (2.2) Retail mutual funds 5,951 5,353 11.2 5,879 (0.1) Total assets under management $ 168,423 $ 144,522 16.5 % $ 165,271 1.6 % (See Accompanying Notes on Page 33) 24

Domestic Retirement Services Product Statistics (dollars in millions) March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Premiums, deposits and other considerations Group retirement products (VALIC) $ 1,608 $ 1,629 (1.3) % $ 1,624 (1.0) % Individual fixed annuities 1,153 1,474 (21.8) 1,914 (39.8) Individual variable annuities 357 262 36.3 251 42.2 Individual annuities - runoff 20 11 81.8 11 81.8 Brokerage services and retail mutual funds 276 218 26.6 191 44.5 Total premiums, deposits and other considerations 3,414 3,594 (5.0) 3,991 (14.5) Fee and other income: Group retirement products (VALIC) 95 72 31.9 104 (8.7) Individual fixed annuities 8 32 (75.0) 9 (11.1) Individual variable annuities 124 105 18.1 125 (0.8) Individual annuities - runoff 2 4 (50.0) 6 (66.7) Brokerage services and retail mutual funds 46 45 2.2 36 27.8 Total fee and other income 275 258 6.6 280 (1.8) Net investment income: Group retirement products (VALIC) 566 372 52.2 531 6.6 Individual fixed annuities 781 563 38.7 713 9.5 Individual variable annuities 33 25 32.0 32 3.1 Individual annuities - runoff 63 67 (6.0) 60 5.0 GICs and other asset management 229 78 193.6 280 (18.2) Brokerage services and retail mutual funds 1 - NM 3 (66.7) Total net investment income 1,673 1,105 51.4 1,619 3.3 25

Domestic Retirement Services Account Value Rollforward March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Group retirement products (VALIC) (4) Balance at beginning of period $ 63,419 $ 56,861 11.5 % $ 62,768 1.0 % Deposits - annuities (5) 1,254 1,228 2.1 1,306 (4.0) Deposits - mutual funds (5) 354 401 (11.7) 318 11.3 Deposits - subtotal 1,608 1,629 (1.3) 1,624 (1.0) Surrenders and other withdrawals (1,676) (1,669) NM (2,503) NM Death benefits (73) (68) NM (81) NM Net flows (141) (108) NM (960) NM Change in fair value of underlying investments, interest credited, net of fees 1,591 (1,889) NM 1,611 (1.2) Balance at end of period 64,869 54,864 18.2 63,419 2.3 Individual fixed annuities Balance at beginning of period 47,202 48,394 (2.5) 46,191 2.2 Deposits (5) 1,153 1,474 (21.8) 1,914 (39.8) Surrenders and other withdrawals (905) (2,369) NM (999) NM Death benefits (370) (433) NM (375) NM Net flows (122) (1,328) NM 540 NM Change in fair value of underlying investments, interest credited, net of fees 467 464 0.6 471 (0.8) Balance at end of period 47,547 47,530-47,202 0.7 Individual variable annuities Balance at beginning of period 24,637 23,593 4.4 24,746 (0.4) Deposits 357 262 36.3 251 42.2 Surrenders and other withdrawals (674) (732) NM (695) NM Death benefits (120) (110) NM (103) NM Net flows (437) (580) NM (547) NM Change in fair value of underlying investments, interest credited, net of fees 666 (1,516) NM 438 52.1 Balance at end of period 24,866 21,497 15.7 24,637 0.9 Total Balance at beginning of period, excluding runoff and GICs 135,258 128,848 5.0 133,705 1.2 Deposits 3,118 3,365 (7.3) 3,789 (17.7) Surrenders and other withdrawals (3,255) (4,770) NM (4,197) NM Benefit and death payments (563) (611) NM (559) NM Net flows (700) (2,016) NM (967) NM Change in fair value of underlying investments, interest credited, net of fees 2,724 (2,941) NM 2,520 8.1 Balance at end of period, excluding runoff and GICs 137,282 123,891 10.8 135,258 1.5 Individual annuities runoff 4,579 4,898 (6.5) 4,637 (1.3) GICs 8,427 11,928 8,536 Balance at end of period $ 150,288 $ 140,717 6.8 % $ 148,431 1.3 % General and separate account reserves General account reserves $ 95,400 $ 100,243 (4.8) % $ 94,912 (0.9) % Separate account reserves 46,639 34,513 35.1 45,444 2.8 Total general and separate account reserves 142,039 134,756 5.4 140,356 0.2 Group retirement mutual funds 8,249 5,961 38.4 8,075 (2.2) Total reserves and mutual funds 150,288 140,717 6.8 148,431 0.1 Surrender rates Group retirement products (VALIC) 10.6 % 12.2 % 15.9 % Individual fixed annuities 7.7 % 19.8 % 8.6 % Individual variable annuities 11.2 % 14.6 % 11.6 % (See Accompanying Notes on Page 33) 26

Domestic Retirement Services Spread Information (dollars in millions) Spread information March 31, March31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Group retirement products (VALIC) Base investment income (a) $ 477 $ 493 (3.2)% $ 458 4.1 % Partnerships (b) 48 (87) NM 31 54.8 Other enhancements (c) 41 (34) NM 42 (2.4) Total net investment income $ 566 $ 372 52.2 % $ 531 6.6 % Base yield (a) 5.46 % 6.39 % 5.27 % Partnerships (b) 0.31 % (1.40)% 0.13 % Other enhancements (c) 0.47 % (0.44)% 0.48 % Total 6.24 % 4.55 % 5.88 % Cost of funds (d) 3.82 % 3.93 % 3.99 % Net spread rate, as reported (d) 2.42 % 0.62 % 1.89 % Net spread rate excluding partnerships and other enhancements 1.64 % 2.46 % (33.3)% 1.28 % 28.1 % Individual fixed annuities Base investment income (a) $ 619 $ 705 (12.2)% $ 580 6.7 % Partnerships (b) 71 (61) NM 74 (4.1) Other enhancements (c) 91 (81) NM 59 54.2 Total net investment income $ 781 $ 563 38.7 % $ 713 9.5 % Base yield (a) 5.10 % 6.14 % 4.86 % Partnerships (b) 0.30 % (0.80)% 0.36 % Other enhancements (c) 0.76 % (0.70)% 0.49 % Total 6.16 % 4.64 % 5.71 % Cost of funds (d) 3.65 % 3.70 % 3.77 % Net spread rate, as reported (d) 2.51 % 0.93 % 1.94 % Net spread rate excluding partnerships and other enhancements 1.45 % 2.44 % (40.6)% 1.09 % 33.0 % (See Accompanying Notes on Pages 28) 27

Domestic Retirement Services Spread Information (continued) (dollars in millions) Spread information March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Individual variable annuities Base investment income (a) $ 22 $ 28 (21.4)% $ 19 15.8 % Partnerships (b) 9 - NM 12 (25.0) Other enhancements (c) 2 (3) NM 1 100.0 Total net investment income $ 33 $ 25 32.0 % $ 32 3.1 % Base yield (a) 5.05 % 4.55 % 4.48 % Partnerships (b) 1.30 % (0.27)% 2.22 % Other enhancements (c) 0.45 % (0.39)% 0.27 % Total 6.80 % 3.89 % 6.97 % Cost of funds (d) 3.03 % 3.09 % 3.10 % Net spread rate, as reported (d) 3.77 % 0.81 % 3.87 % Net spread rate excluding partnerships and other enhancements 2.02 % 1.46 % 38.4 % 1.38 % 46.4 % (a) Includes the investment return on surplus other than partnership or yield enhancements activities. (b) Includes incremental effect to base yield of investments in hedge funds and private equity funds. (c) Includes incremental effect to base yield of gains on calls, prepayment fees and trading gains (losses). (d) Excludes the amortization of sales inducement assets. 28

Domestic Retirement Services Deferred Policy Acquisition Costs, Sales Inducements and Value of Business Acquired (dollars in millions) March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Group retirement products (VALIC) Balance at beginning of period $ 2,325 $ 2,536 (8.3) % $ 2,305 0.9 % Acquisition costs deferred 44 43 2.3 54 (18.5) Amortization (charged) or credited to operating income: Related to net realized capital gains (losses) 18 152 (88.2) 13 38.5 Related to unlocking future assumptions - (58) NM - NM All other amortization (23) (15) NM (21) NM Change in unrealized gains (losses) on securities (127) (90) NM (30) NM Increase (decrease) due to foreign exchange (1) (1) NM 4 NM Other 1 - NM - NM Balance at end of period 2,237 2,567 (12.9) 2,325 (3.8) Individual fixed annuities Balance at beginning of period 2,882 4,671 (38.3) 2,996 (3.8) Acquisition costs deferred 88 109 (19.3) 116 (24.1) Amortization (charged) or credited to operating income: Related to net realized capital gains (losses) 13 143 (90.9) 7 85.7 All other amortization (103) (205) NM (93) NM Change in unrealized gains (losses) on securities (230) (505) NM (144) NM Balance at end of period 2,650 4,213 (37.1) 2,882 (8.0) Individual variable annuities Balance at beginning of period 760 1,343 (43.4) 807 (5.8) Acquisition costs deferred 33 26 26.9 27 22.2 Amortization (charged) or credited to operating income: Related to net realized capital gains (losses) (29) 29 NM (74) NM Related to unlocking future assumptions - (354) NM - NM All other amortization (11) (25) NM 2 NM Other - - NM (2) NM Balance at end of period 753 1,019 (26.1) 760 (0.9) Individual annuities - runoff Balance at beginning of period 50 76 (34.2) 57 (12.3) Amortization (charged) or credited to operating income: All other amortization (5) (6) NM (7) NM Balance at end of period 45 70 (35.7) 50 (10.0) Total Balance at beginning of period 6,017 8,626 (30.2) 6,165 (2.4) Acquisition costs deferred 165 178 (7.3) 197 (16.2) Amortization (charged) or credited to operating income: Related to net realized capital gains (losses) 2 324 (99.4) (54) NM Related to unlocking future assumptions - (412) NM - NM All other amortization (142) (251) NM (119) NM Change in unrealized gains (losses) on securities (357) (595) NM (174) NM Increase (decrease) due to foreign exchange (1) (1) NM 4 NM Other 1 - NM (2) NM Balance at end of period $ 5,685 $ 7,869 (27.8) % $ 6,017 (5.5) % (See Accompanying Notes on Page 33) 29

Domestic Retirement Services - Group Retirement Products (VALIC) Guaranteed Benefits (dollars in millions) March 31, 2010 Account Net Amount Retained Value at Risk NAR Guaranteed Minimum Death Benefit ("GMDB") Type (including Earnings Enhancement Benefit) (a): Return of premium (b) $ 3,752 $ - $ - Roll-up (c) 39,565 2,185 2,185 Return of premium (b) (Coinsurance - Japan) - 184 184 43,317 2,369 2,369 Guaranteed Minimum Income Benefit Type: No Roll-up (Coinsurance - Japan) - 17 17 Guaranteed Minimum Withdrawal Benefit ("GMWB") Type (d): Lifetime guarantees (e) 1,456 108 108 Return of premium (b) (Coinsurance - Japan) - 166 166 1,456 274 274 (a) A guaranteed minimum death benefit is an amount paid from a variable annuity at death of the owner. This benefit protects beneficiaries from market volatility and may be different than the account value. Each of these benefits may be subject to a maximum amount based on age of owner or dollar amount. (b) Premium deposited into the contract. (c) An amount equal to premiums deposited accumulated at a set interest rate. (d) A guaranteed minimum withdrawal benefit establishes an amount that can be taken as withdrawals which can be taken over a fixed period or for life, regardless of market performance, even if the account value drops to zero. (e) Amount is available over the life of the owner (and spouse, if elected). 30

Domestic Retirement Services - Individual Variable Annuities Guaranteed Benefits (dollars in millions) March 31, 2010 Account Net Amount Retained Value at Risk NAR Guaranteed Minimum Death Benefit ("GMDB") Type (including Earnings Enhancement Benefit) (a): Return of premium (b) $ 4,177 $ 213 $ 212 Reset (c) 638 - - Ratchet (d) 12,416 1,895 1,583 Roll-up (e) 5,133 974 920 Combination (f) 168 49 49 Return of premium, with earnings enhancement (g) 2 - - Ratchet, with earnings enhancement (h) 1,207 239 91 Roll-up, with earnings enhancement (i) 485 84 24 Combination with earnings enhancement (j) 38 13 13 24,264 3,467 2,892 Guaranteed Minimum Income Benefit ("GMIB") Type (k): Roll-up (e) 390 89 36 No roll-up (l) 3,735 33 17 4,125 122 53 Guaranteed Minimum Account Value ("GMAV") Type (m): Ten year waiting period 1,426 31 31 Guaranteed Minimum Withdrawal Benefit ("GMWB") Type (n): Minimum amount guarantees (o) 708 25 25 Lifetime guarantees (p) 7,275 956 956 7,983 981 981 (a) A guaranteed minimum death benefit is an amount paid from a variable annuity at death of the owner. This benefit protects beneficiaries from market volatility and may be different than the account value. Each of these benefits may be subject to a maximum amount based on age of owner or dollar amount. (b) Premium deposited into the contract. (c) An amount that is reset to the account value, if greater, at a specified contract anniversary. (d) An amount equal to the highest account value achieved on any contract anniversary. (e) An amount equal to premiums deposited accumulated at a set interest rate. (f) An amount equal to the greater of a ratchet or a roll-up. (g) A return of premium benefit which also pays a percent of the earnings in the contract, if any. (h) A ratchet benefit that also pays a percent of earnings in the contract, if any. (i) A roll-up benefit that also pays a percent of earnings in the contract, if any. (j) A combination benefit which also pays a percent of earnings in the contract, if any. (k) A guaranteed minimum income benefit establishes a minimum amount available to be annuitized regardless of actual performance in the product. The benefit is not available until a set number of years after contract issue. (l) An amount based on premiums deposited or other set amount. (m) A guaranteed minimum account value ensures a return of premium invested at the end of 10 years. The amount is based on premium in a defined period. (n) A guaranteed minimum withdrawal benefit establishes an amount that can be taken as withdrawals which can be taken over a fixed period or for life, regardless of market performance, even if the account value drops to zero. (o) Amount is available over a fixed period. (p) Amount is available over the life of the owner (and spouse, if elected). 31

Domestic Retirement Services - Individual Variable Annuities Guaranteed Benefits (continued) (dollars in millions) March 31, June 30, Sept. 30, Dec. 31, March 31, 2009 2009 2009 2009 2010 Other Data S&P 500 Index value 798 919 1,057 1,115 1,169 Total Account Value $ 21,497 $ 22,601 $ 24,746 $ 24,637 $ 24,866 Account value by benefit type: Guaranteed Minimum Death Benefits 19,498 21,429 23,634 23,912 24,264 Guaranteed Minimum Income Benefits 3,515 3,813 4,163 4,156 4,125 Guaranteed Minimum Account Value 1,182 1,303 1,434 1,434 1,426 Guaranteed Minimum Withdrawal Benefits 5,545 6,385 7,300 7,602 7,983 Net amount at risk: Guaranteed Minimum Death Benefits 9,682 7,175 4,789 4,084 3,467 Guaranteed Minimum Income Benefits 664 340 170 172 122 Guaranteed Minimum Account Value 251 133 55 41 31 Guaranteed Minimum Withdrawal Benefits 2,672 2,004 1,315 1,145 981 Retained net amount at risk: Guaranteed Minimum Death Benefits 8,010 5,939 3,974 3,396 2,892 Guaranteed Minimum Income Benefits 293 131 71 73 53 Guaranteed Minimum Account Value 251 133 55 41 31 Guaranteed Minimum Withdrawal Benefits 2,672 2,004 1,315 1,145 981 Liability for guaranteed benefits (GMDB & GMIB) $ 523 $ 395 459 $ 431 $ 393 32

Domestic Retirement Services Notes (1) Interest and dividends include gains (losses) related to AIG s economic retained interest in Maiden Lane II as follows: March 31, March 31, December 31, (in millions) 2010 2009 2009 Maiden Lane II Fair value gain (loss) $ 103 $ (173) $ 44 Capitalized interest 5 7 6 Total ML II income (loss) included in interest and dividends $ 108 $ (166) $ 50 (2) The three months ended March 31, 2009 include DAC/SIA and guaranteed benefits unlockings of $558 million. (3) Policyholder benefits and claims incurred is negative in the three months ended March 31, 2010 and the three months ended December 31, 2009 due to reductions in SOP 03-01 reserves resulting from positive equity markets. (4) Includes group retirement annuities and group mutual funds. The balance at the beginning and end of the period for Group Mutual Funds are as follows: March 31, March 31, December 31, (in millions) 2010 2009 2009 Beginning Balance $ 8,075 $ 6,288 $ 8,260 Ending Balance $ 8,249 $ 5,961 $ 8,075 (5) Excludes internal replacements from one contract into a new contract. If included, deposits and surrenders for group retirement products and individual fixed annuities would increase. 33

Foreign Life Insurance & Retirement Services Operating Statistics (dollars in millions) March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Premiums, deposits and other considerations (1) $ 1,231 $ 1,262 (2.5) % $ 1,229 0.2 % Revenues: Premiums and other considerations $ 864 $ 925 (6.6) % $ 967 (10.7) % Net investment income: Interest and dividends 329 362 (9.1) 348 (5.5) Partnership income (loss) 5 (11) NM (1) NM Mutual funds 4 1 300.0 1 300.0 Trading account gains (losses) 2 (3) NM (1) NM Other 15 19 (21.1) 23 (34.8) Investment expenses (14) (26) NM (28) NM Net investment income before policyholder investment income and trading gains (losses) 341 342 (0.3) 342 (0.3) Net investment income related to policyholder investment income and trading gains (losses) (2) 5 (18) NM (18) NM Total net investment income 346 324 6.8 324 6.8 Total revenues excluding net realized capital gains (losses) and policyholder investment income and trading gains (losses) 1,205 1,267 (4.9) 1,309 (7.9) Total revenues excluding net realized capital gains (losses) 1,210 1,249 (3.1) 1,291 (6.3) Benefits and expenses: Policyholder benefits and claims incurred before the effect of policyholder benefits and claims incurred related to policyholder investment income and trading gains (losses) 721 718 0.4 711 1.4 Policyholder benefits and claims incurred related to policyholder investment income and trading gains (losses) (2) 5 (18) NM (18) NM Policyholder benefits and claims incurred 726 700 3.7 693 4.8 Policy acquisition and other insurance expense 264 191 38.2 433 (39.0) Total benefits and expenses 990 891 11.1 1,126 (12.1) Operating income excluding net realized capital gains (losses) (3) 220 358 (38.5) 165 33.3 Net realized capital gains (losses) (135) (486) NM 187 NM Pre-tax income (loss) (3) $ 85 $ (128) NM % $ 352 (75.9) % Foreign exchange effect on foreign growth: Premiums, deposits and other considerations (1) Growth in original currency (4) (3.3) % Foreign exchange impact 0.8 Growth as reported in U.S. $ (2.5) % Gross life insurance in force (at period end) $ 231,918 $ 226,436 2.4 % $ 241,187 (3.8) % Notes: (1) Premiums, deposits and other considerations represent aggregate business activity presented on a non-gaap basis. (2) Relates principally to assets held in various trading securities accounts that did not qualify for separate account treatment. These amounts are offset by an equal charge included in incurred policy losses and benefits. (3) Includes amortization expense (benefit) of deferred acquisition costs, VoBA and sales inducements related to net realized capital gains (losses) of $(17) million, $111 million and $(14) million for the three months ended March 31, 2010 and 2009, and December 31, 2009, respectively. (4) Computed using a constant exchange rate for each period. 34

Revenues: American International Group, Inc. Financial Services Operating Results (dollars in millions) March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Aircraft Leasing $ 907 $ 1,281 (29.2) % $ 1,331 (31.9) % Capital Markets: Excluding unrealized market valuation gains (losses), credit valuation adjustment and non-qualifying derivative hedging activities (417) (2,200) NM (469) NM Unrealized market valuation gains (losses) (1) 119 (452) NM 275 (56.7) Credit valuation adjustment (2) 64 1,681 (96.2) 345 (81.4) Subtotal (234) (971) NM 151 NM Consumer Finance 713 886 (19.5) 730 (2.3) Other, including intercompany adjustments 87 109 (20.2) 94 (7.4) Total revenues excluding non-qualifying derivative hedging activities and net realized capital gains (losses) 1,473 1,305 12.9 2,306 (36.1) Non-qualifying derivative hedging activities - Capital Markets (3) - 2 NM - NM Net realized capital gains (losses) (4) 35 (42) NM 3 NM Total revenues $ 1,508 $ 1,265 19.2 % $ 2,309 (34.7) % Pre-tax income (loss): Aircraft Leasing $ (56) $ 316 NM % $ 344 NM % Capital Markets: Excluding unrealized market valuation gains (losses), credit valuation adjustment and non-qualifying derivative hedging activities (481) (2,352) NM (540) NM Unrealized market valuation gains (losses) (1) 119 (452) NM 275 (56.7) Credit valuation adjustment (2) 64 1,681 (96.2) 345 (81.4) Subtotal (298) (1,123) NM 80 NM Consumer Finance (91) (233) NM (302) NM Other, including intercompany adjustments (29) (50) NM (30) NM Total pre-tax income (loss) excluding non-qualifying derivative hedging activities and net realized capital gains (losses) (474) (1,090) NM 92 NM Non-qualifying derivative hedging activities - Capital Markets (3) - 2 NM - NM Net realized capital gains (losses) (4) 35 (42) NM 3 NM Total pre-tax income (loss) $ (439) $ (1,130) NM % $ 95 NM % (See Accompanying Notes on Page 38) 35

Consumer Finance Operating Results (dollars in millions) March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Revenues: American General Finance $ 523 $ 646 (19.0) % $ 547 (4.4) % AIG Consumer Finance Group, Inc. 183 229 (20.1) 175 4.6 AIG Federal Savings Bank 7 11 (36.4) 8 (12.5) Total revenues excluding net realized capital gains (losses) 713 886 (19.5) 730 (2.3) Net realized capital gains (losses) 66 (73) NM (3) NM Total revenues $ 779 $ 813 (4.2) % $ 727 7.2 % Pre-tax income (loss): American General Finance $ (132) $ (203) NM % $ (309) NM % AIG Consumer Finance Group, Inc. 36 (34) NM 6 NM AIG Federal Savings Bank 5 4 25.0 1 400.0 Total operating loss excluding net realized capital gains (losses) (91) (233) NM (302) NM Net realized capital gains (losses) 66 (73) NM (3) NM Total pre-tax loss $ (25) $ (306) NM % $ (305) NM % (See Accompanying Notes on Page 38) 36

Consumer Finance - Finance Receivable Data (dollars in millions) American General Finance / As of March 31, March 31, % Inc. Dec. 31, % Inc. 2010 2009 (Dec.) 2009 (Dec.) Receivables: Real Estate $ 14,270 $ 17,924 (20.4) % $ 14,519 (1.7) % Non Real Estate 2,966 3,764 (21.2) 3,190 (7.0) Retail Sales Finance 896 1,953 (54.1) 1,129 (20.6) Total receivables 18,132 23,641 (23.3) 18,838 (3.7) Allowance for loan losses (1,533) (1,300) NM (1,528) 0.3 Net Receivables $ 16,599 $ 22,341 (25.7) % $ 17,310 (4.1) % Credit Ratios: Delinquencies - 60+: Real Estate 7.32 % 5.47 % 7.88 % Non Real Estate 4.57 5.15 5.06 Retail Sales Finance 6.02 3.45 5.78 Total Delinquencies - 60+ 6.77 5.24 7.24 Net Charge-off: Real Estate 2.94 2.04 3.56 Non Real Estate 7.09 7.94 8.66 Retail Sales Finance 8.93 4.48 7.72 Total Net Charge-off 3.97 3.21 4.69 Allowance for loan losses 8.45 % 5.50 % 8.11 % AIG Consumer Finance Group, Inc. Total receivables $ 1,638 $ 3,925 (58.3) % $ 2,322 (29.5) % Allowance for loan losses (195) (336) (42.0) (228) (14.5) Net Receivables $ 1,443 $ 3,589 (59.8) % $ 2,094 (31.1) % AIG Federal Savings Bank Total receivables $ 201 $ 191 5.2 % $ 201 - % Allowance for loan losses (3) (2) 50.0 (3) - Net Receivables 198 189 4.8 198 - Total Net Receivables (5) $ 18,240 $ 26,119 (30.2) % $ 19,602 (6.9) % (See Accompanying Notes on page 38) 37

Financial Services Notes (1) Represents unrealized market valuation gains (losses) on Capital Markets super senior credit default swap portfolio. (2) Includes the pre-tax effect of changes in pre-tax credit spreads on the valuation of Capital Markets assets of $812 million, $(738) million, $820 million and liabilities of $(861) million, $2.5 billion, $(427) million, (includes $113 million of losses, $106 million and $48 million of gains, on the super senior credit default portfolio reported with the unrealized market valuation gains and losses) in the three months ended March 31, 2010 and 2009 and December 31, 2009, respectively. (3) Includes the gains (losses) from hedging activities that did not qualify for hedge accounting, including the related foreign exchange gains and losses. These amounts result primarily from interest rate and foreign currency derivatives that are effective economic hedges of borrowings. (4) Net realized capital gains (losses) are as follows: March 31, March 31, Dec. 31, (in millions) 2010 2009 2009 Aircraft Leasing $ (25) $ - $ 8 Consumer Finance 66 (73) (3) Other (6) 31 (2) Total $ 35 $ (42) $ 3 These amounts result primarily from the effect of hedging activities that did not qualify for hedge accounting, including the related foreign exchange gains and losses. (5) Total net receivables exclude finance receivables held for sale of $497 million, $15 million and $695 million at March 31, 2010 and 2009 and December 31, 2009, respectively. 38

American General Finance Analysis of Real Estate Loan Portfolio March 31, 2010 Real Estate Portfolio* Total Portfolio FICO ( 660) FICO (620-659) FICO (< 620) Outstandings $14.3 Billion $6.0 Billion $2.6 Billion $5.6 Billion LTV 80% 86% 80% 75% 60+% 7.32% 5.91% 8.85% 8.17% 2009 Vintage $163.6 Million $18.6 Million $25.0 Million $119.8 Million LTV 66% 63% 65% 66% 60+% 2.56% 2.34% 1.16% 2.89% 2008 Vintage $1.2 Billion $185.6 Million $196.9 Million $823.1 Million LTV 72% 73% 73% 72% 60+% 5.77% 2.90% 5.15% 6.57% 2007 Vintage $3.2 Billion $949.4 Million $679.0 Million $1.5 Billion LTV 79% 84% 81% 75% 60+% 9.72% 8.10% 11.54% 9.91% 2006 Vintage $2.5 Billion $845.0 Million $489.9 Million $1.1 Billion LTV 81% 87% 82% 76% 60+% 8.51% 7.68% 9.44% 8.73% 2005 Vintage $3.2 Billion $1.9 Billion $585.5 Million $760.5 Million LTV 83% 86% 82% 76% 60+% 7.00% 5.96% 9.30% 7.84% LTV Greater than 95.5% $2.6 Billion $2.1 Billion $325.1 Million $173.3 Million LTV 99% 99% 99% 98% 60+% 6.63% 5.97% 10.66% 6.96% Interest Only $1.1 Billion $922.7 Million $172.6 Million $13.4 Million LTV 88% 89% 87% 80% 60+% 10.18% 8.75% 17.13% 18.43% Low Documentation $364.6 Million $179.4 Million $121.6 Million $63.6 Million LTV 76% 78% 77% 71% 60+% 14.59% 12.34% 15.83% 18.55% *AGF s loan underwriting process does not use FICO scores as a primary determinant for credit decisions. AGF uses proprietary risk scoring models in making credit decisions. Delinquency figures are shown as a percentage of outstanding loan balances, consistent with mortgage lending practice. Any account which is 60 or more days past due, regardless of foreclosure, bankruptcy or other condition, is included in the AGF 60+ delinquency statistics. Differences in totals by columns and rows are due to rounding. 39

Parent & Other before net realized capital gains (losses) American International Group, Inc. Other Operations (in millions) March 31, March 31, Dec. 31, 2010 2009 2009 Interest income (1) $ 588 $ 976 $ 585 Interest expense on FRBNY Credit Facility: Accrued and compounding interest (194) (708) (333) Amortization of prepaid commitment asset (2) (639) (822) (5,892) Total interest expense on FRBNY Credit Facility (3) (833) (1,530) (6,225) Other interest expense (540) (546) (549) Unallocated corporate expenses (83) (63) (602) Restructuring expenses (97) (120) (79) Change in fair value of ML III (4) - (1,940) - Net gain (loss) on sale of divested businesses (77) 262 (66) Other miscellaneous, net 112 172 90 Total Parent & Other (930) (2,789) (6,846) Noncore businesses before net realized capital gains (losses) Mortgage Guaranty 73 (483) (241) Change in fair value of ML III (4) 751-196 Noncore Asset Management (248) (448) (405) Other noncore insurance 1 198 - Total Noncore businesses 577 (733) (450) Subtotal Other operations - net (5) (353) (3,522) (7,296) Other net realized capital gains 59 78 50 Total Other operations - net $ (294) $ (3,444) $ (7,246) Consolidation and elimination adjustments: Before net realized capital gains (losses) Non-qualifying derivative hedging activities (6) $ (145) $ (184) $ 270 Income from consolidated managed partnerships & funds (5) (7) 14 (779) (216) All other (5) 119 923 (417) Subtotal (12) (40) (363) Net realized capital gains (losses) Reclassification of non-qualifying derivative hedging activities to other (8) 231 (48) (254) All other eliminations (79) (1) (34) Subtotal 152 (49) (288) Total consolidation and elimination adjustments $ 140 $ (89) $ (651) (See Accompanying Notes on Page 41) 40

Other Operations Notes (1) Primarily represents interest on intercompany loans largely arising from distribution of funds from the FRBNY Credit Facility. (2) The prepaid commitment fee asset related to the FRBNY Credit Facility is being amortized as interest expense ratably over the five-year term of the agreement, accelerated for actual pay-downs that reduce the total credit available. A rollforward of the prepaid commitment asset is as follows: March 31, Dec. 31, March 31, (in millions) 2010 2009 2009 Balance, beginning of period $ 7,099 $ 12,992 $ 15,458 Normal amortization (479) (708) (822) Accelerated amortization (161) (5,185) - Balance, end of period $ 6,459 $ 7,099 $ 14,636 (3) Includes interest expense of $183 million and $258 million for the three months ended March 31, 2010 and 2009, respectively, allocated to discontinued operations. (4) In May 2009, AIG contributed its equity interest in ML III, to an AIG subsidiary, which is reported as part of noncore businesses. (5) Components of adjusted net loss. (6) Represents the elimination of revenues reported in the Financial Services segment from intercompany hedging activities and the reclassification of the related foreign exchange rates on economically hedged exposures. (7) Includes the income from certain consolidated AIG and third party managed partnerships, private equity and real estate funds and is offset in noncontrolling interest expense, which is not a component of operating income. Many of these funds have been deconsolidated as of March 26, 2010 resulting from the sale of AIG s third party asset management business. (8) Represents the elimination of intercompany net realized capital gains (losses) resulting from intercompany hedging activities and the reclassification of the related foreign exchange rates on economically hedged exposures. 41

Condensed Balance Sheet Parent Company Only March 31, December 31, (in millions)(unaudited) 2010 2009 Assets: Investments (1) $ 9,271 $ 10,702 Cash 360 57 Loans to subsidiaries* (2) 74,191 72,926 Due from affiliates - net* - 382 Current and deferred income taxes (3) 7,868 7,470 Debt issuance costs, including prepaid commitment 6,739 7,383 asset of $6,459 in 2010 and $7,099 in 2009 (4) Investments in consolidated subsidiaries* (5) 76,020 71,419 Other assets (6) 3,167 3,134 Total assets $ 177,616 $ 173,473 Liabilities: Intercompany tax payable* (3) $ 28,650 $ 28,729 Due to affiliates -net* 68 - Federal Reserve Bank of New York credit facility 27,400 23,435 Parent Company Long Term Debt 27,036 28,300 AIG MIP matched notes and bonds payable 12,629 13,376 Series AIGFP matched notes and bonds payable 3,713 3,760 Intercompany loans payable* (7) 174 1,778 Other liabilities (includes intercompany derivative liabilities of 2,945 4,271 of $107 in 2010 and $1,278 in 2009) (8) Total liabilities 102,615 103,649 Shareholders equity: Preferred stock (9) 71,983 69,784 Common stock 354 354 Treasury stock (874) (874) Additional paid-in capital 6,356 6,358 Accumulated deficit (10) (9,871) (11,491) Accumulated other comprehensive income 7,053 5,693 Total AIG shareholders equity 75,001 69,824 Total liabilities and equity $ 177,616 $ 173,473 * Eliminated in consolidation. Certain prior period amounts have been reclassified to conform to the current period presentation (See accompanying Notes on Page 43) 42

Consolidated Balance Sheet Parent Company Only Notes (1) Primarily represents MIP s investments in bond, mortgage loan, and bank loan portfolios. Also includes intercompany derivative assets and a third party note receivable. (2) Represents AIG parent s loan to AIGFP (mostly through AIG Funding) and other subsidiaries, primarily Financial Services subsidiaries. (3) The consolidated U.S. members deferred tax asset for net operating loss and tax credit carryforwards and valuation allowance are maintained at AIG parent and are not allocated to the subsidiaries. As the consolidated net operating losses and other tax attribute carryforwards are utilized, the intercompany tax balance will be settled with the subsidiaries. March 31, 2010 AIG Intercompany Valuation Total (dollars in millions) Parent Allowance Current and deferred income taxes Current -U.S. Consolidated Receivable from the IRS $ 333 $ (267) $ - $ 66 Deferred Tax Asset / Liability 9,982 18,393 (20,573) 7,802 Total 10,315 18,126 (20,573) 7,868 Intercompany tax payable Current -Intercompany Tax Payable $ - $ (28,650) $ - $ (28,650) (4) Represents capitalized debt issuance costs related to third party debt issuances and a prepaid commitment asset related to the FRBNY Credit Facility. The prepaid commitment fee asset related to the FRBNY Credit Facility is being amortized as interest expense ratably over the five year term of the agreement, accelerated for actual paydowns that reduce total credit available. (5) Represents AIG parent s investment in directly owned consolidated subsidiaries. (6) Primarily represents restricted cash held at various banks of $2.3 billion and escrow funds of $338 million related to workers compensation. (7) Current balance represents intercompany borrowings primarily from AIGFP and American International Credit Corp. The balance at December 31, 2009 primarily included $1.55 billion demand note borrowing from American General Finance Corp. and $87 million borrowing from AIG General Insurance Corporation (Asia), both of which were paid off during first quarter of 2010. (8) Primarily consists of intercompany derivative liabilities and accrued liabilities. (9) Includes the Series C, E, and F Preferred Stocks. AIG increased the liquidation preference of the Series F Preferred Stock by $2.2 billion during the first quarter of 2010. (10) Includes $169 million of cumulative effect of change in accounting principle reported in subsidiaries and picked up by AIG parent. 43

Condensed Statement of Income Parent Company Only March 31, (in millions)(unaudited) 2010 2009 Income Equity in undistributed net income (loss) of consolidated subsidiaries * $ 910 $ (2,598) Interest income 856 1,290 Change in fair value of ML III - (1,940) Dividend income from consolidated subsidiaries* 290 226 Net realized capital gains 123 63 Other revenues 2 83 Expenses Accrued and compounding interest (194) (708) Amortization of prepaid commitment asset (639) (822) Total interest expense on FRBNY Credit Facility (833) (1,530) Other interest expense (607) (644) Restructuring expenses and related asset impairment and other expenses (97) (120) Other expenses, net (58) (136) Income (loss) from continuing operations before income tax expense (benefit) 586 (5,306) Income tax benefit (865) (953) Net Income (loss) $ 1,451 $ (4,353) * Eliminated in consolidation. 44

Condensed Statement of Cash Flows Parent Company Only March 31, (in millions)(unaudited) 2010 2009 Net cash (used in) provided by operating activities $ (83) $ 296 Cash flows from investing activities: Sale of investments 201 359 Maturities of investments 5 - Sale of divested businesses 262 - Purchase of investments (43) (112) Change in short-term investments 254 (259) Contributions to subsidiaries (2,171) (2,495) Mortgage and other loan receivables originations and purchases (38) (19) Payments received on mortgages and other loan receivables 284 46 Loans to subsidiaries - net (881) (4,254) Other, net (433) (65) Net cash used in investing activities (2,560) (6,799) Cash flows from financing activities: Federal Reserve Bank of New York Credit Facility borrowings 8,300 10,900 Federal Reserve Bank of New York Credit Facility repayments (4,520) (4,600) Repayment on other long-term debt (1,398) (561) Drawdown on the Department of the Treasury Commitment 2,199 - Loans from subsidiaries - net (1,635) 800 Net cash provided by financing activities 2,946 6,539 Change in cash 303 36 Cash at beginning of year 57 103 Cash at end of period $ 360 $ 139 * Certain prior amounts have been reclassified to conform to the current period presentation 45

Net Realized Capital Gains (Losses) (dollars in millions) March 31, March 31, Dec. 31, 2010 2009 2009 General Insurance Bonds available for sale $ 169 $ 70 $ 13 Stocks available for sale 87 (14) 33 Other transactions 36 (1) 162 Other than temporary impairment charges: Severity (20) (110) (7) Change in intent (1) (121) (64) Foreign currency declines (2) - (9) Issuer-specific credit events (78) (252) (16) Total other than temporary impairment charges (101) (483) (96) Foreign exchange transactions (19) (154) 25 Derivative instruments (35) (26) 14 Total pre-tax realized gains (losses) $ 137 $ (608) $ 151 Domestic Life Insurance & Retirement Services Bonds available for sale $ 136 $ (31) $ 127 Stocks available for sale 11 (8) 27 Other transactions (118) (318) 1 Other than temporary impairment charges: Severity (8) (813) (11) Change in intent (6) (537) 3 Issuer-specific credit events (577) (588) (572) Adverse projected cash flows on structured securities - (116) 40 Total other than temporary impairment charges (591) (2,054) (540) Foreign exchange transactions 114 225 (39) Derivative instruments (348) 519 60 Total pre-tax realized losses $ (796) $ (1,667) $ (364) Foreign Life Insurance & Retirement Services Bonds available for sale $ (5) $ (13) $ 134 Stocks available for sale 6 9 22 Other transactions - 1 4 Other than temporary impairment charges: Severity (23) (195) (25) Change in intent (21) - (23) Foreign currency declines (30) (78) (52) Issuer-specific credit events (140) (3) - Adverse projected cash flows on structured securities - - (28) Total other than temporary impairment charges (214) (276) (128) Foreign exchange transactions 94 (18) 43 Derivative instruments (16) (189) 112 Total pre-tax realized gains (losses) $ (135) $ (486) $ 187 Financial Services Bonds available for sale $ - $ (3) $ 1 Stocks available for sale - - - Other transactions 69 6 9 Other than temporary impairment charges: Severity - (2) - Issuer-specific credit events (6) (7) (2) Adverse projected cash flows on structured securities - (4) - Total other than temporary impairment charges (6) (13) (2) Foreign exchange transactions 43 (51) 17 Derivative instruments (71) 19 (22) Total pre-tax realized gains (losses) $ 35 $ (42) $ 3 Other Operations * Bonds available for sale $ (5) $ (23) $ (32) Stocks available for sale 6 (44) 12 Other transactions (51) 8 (89) Other than temporary impairment charges: Severity - (490) (25) Change in intent - (42) - Issuer-specific credit events (162) (270) (191) Adverse projected cash flows on structured securities - (21) - Total other than temporary impairment charges (162) (823) (216) Foreign exchange transactions 413 270 (120) Derivative instruments 10 641 207 Total pre-tax realized gains (losses) $ 211 $ 29 $ (238) Total realized gains (losses) Bonds available for sale $ 295 $ - $ 243 Stocks available for sale 110 (57) 94 Other transactions (64) (304) 87 Other than temporary impairment charges: Severity (51) (1,610) (68) Change in intent (28) (700) (84) Foreign currency declines (32) (78) (61) Issuer-specific credit events (963) (1,120) (781) Adverse projected cash flows on structured securities - (141) 12 Total other than temporary impairment charges (1,074) (3,649) (982) Foreign exchange transactions 645 272 (74) Derivative instruments (460) 964 371 Total pre-tax realized losses $ (548) $ (2,774) $ (261) Total realized losses, net of tax $ (360) $ (2,410) $ (516) * Includes reclassification and eliminations. 46

Cash and Investments March 31, 2010 (dollars in millions) Domestic Life Foreign Life Total Insurance & Insurance & General Insurance General Retirement Retirement Financial Total Domestic Foreign Insurance Services Services Services Other Company Fixed maturity securities: Bonds available for sale, at fair value $ 60,273 $ 26,287 $ 86,560 $ 122,669 $ 35,553 $ 2,025 $ 10,063 $ 256,870 Bond trading securities, at fair value - - - 960 208 19,927 5,270 26,365 Equity securities: Common and preferred stock available for sale, at fair value 2,206 2,260 4,466 293 1,383 22 667 6,831 Common and preferred stock trading, at fair value 50-50 1 238 317 7 613 Mortgage and other loans receivable, net of allowance 11 612 623 17,222 1,587 467 2,634 22,533 Finance receivables, net of allowance - - - - - 18,912-18,912 Flight equipment primarily under operating leases, net of accumulated depreciation - - - - - 43,258-43,258 Other invested assets 10,614 1,570 12,184 13,131 1,754 182 5,999 33,250 Securities purchased under agreements to resell, at fair value - - - - - 1,615-1,615 Short-term investments 6,891 6,203 13,094 14,808 838 7,056 3,004 38,800 Total investments 80,045 36,932 116,977 169,084 41,561 93,781 27,644 449,047 Cash 254 440 694 299 168 460 512 2,133 Total cash and investments $ 80,299 $ 37,372 $ 117,671 $ 169,383 $ 41,729 $ 94,241 $ 28,156 $ 451,180 Percent of total company 17.8% 8.3% 26.1% 37.6% 9.2% 20.9% 6.2% 100.0% 47

American International Group, Inc AIG Financial Products Balance Sheet (1) (in millions) March 31, 2010 December 31, 2009 Assets: Bonds available for sale, at fair value $ 358 $ 375 Bond trading securities, at fair value 19,927 19,651 Common and preferred stock trading, at fair value 330 402 Mortgage and other loans receivable, net of allowance 902 864 Equity investment in affiliate (2) 1,688 1,688 Other invested assets 162 165 Securities purchased under agreement to resell, at fair value 1,615 2,154 Short-term investments 2,689 1,356 Total investments 27,671 26,655 Cash 263 1,536 Trade receivable 2,878 1,500 Current and deferred income taxes (3) 17,261 17,147 Unrealized gain on swaps, options and forward transactions, at fair value (4) 6,858 8,461 Other assets 659 753 Total assets $ 55,590 $ 56,052 Liabilities: Securities sold under agreements to repurchase 3,418 3,221 Trade payable 677 524 Securities and spot commodities sold but not yet purchased, at fair value 458 1,030 Unrealized loss on swaps, options and forward transactions, at fair value (4) 6,033 5,783 Federal Reserve Bank of New York commercial paper funding facility 2,285 2,742 Intercompany borrowings -Parent and Other (5) 61,408 60,581 Intercompany borrowings -other subsidiaries 3,582 3,625 Other long-term debt (6) 12,801 13,195 Other liabilities 98 261 Total liabilities $ 90,760 $ 90,962 Shareholders' equity: Additional paid-in capital 144 144 Accumulated deficit (35,368) (35,092) Accumulated other comprehensive income (loss): 54 38 Total shareholders' equity $ (35,170)$ (34,910) Total liabilities and shareholders' equity $ 55,590 $ 56,052 Notes: (1) Represents the balance sheet used in the preparation of the consolidated financial statements of AIG, Inc. (2) Represents an equity method investment in a subsidiary of AIG Life Holdings U.S., Inc. in which AIGFP owns less than 5%. (3) Primarily represents a tax receivable due from AIG, Inc. (4) Represents the fair value of interest rate contracts, foreign exchange contracts, equity contracts, commodity contracts, credit contracts and other contracts. The fair value amounts are shown on AIGFP s balance sheet after netting of derivative exposures covered by a qualifying master netting agreement and after netting of cash collateral posted and received. (5) Represents the fair value of borrowings payable to AIG, Inc., primarily borrowings from the FRBNY Credit Facility (through AIG Funding). In addition includes proceeds from the Series AIGFP notes and bonds payable. Borrowings used primarily to fund collateral postings, guaranteed investment agreements and other debt maturities. (6) Consists of notes and bonds payable, loans and mortgages payable, hybrid financial instruments liabilities and guaranteed investment agreements. 48

American International Group, Inc Other Invested Assets (dollars in millions) March 31, Dec. 31, % Inc. 2010 2009 (Dec.) Domestic General Insurance Alternative funds (1) $ 6,145 $ 6,054 1.5 % Mutual funds 175 184 (4.9) Life settlement contracts 3,522 3,399 3.6 Direct private equity investments 116 20 480.0 All other investments 656 695 (5.6) Total Domestic General Insurance 10,614 10,352 2.5 Foreign General Insurance Alternative funds (1) 311 298 4.4 Mutual funds 609 336 81.3 Investment real estate 223 127 75.6 Direct private equity investments 81 350 (76.9) All other investments 346 205 68.8 Total Foreign General Insurance 1,570 1,316 19.3 Domestic Life Insurance and Retirement Services Alternative funds (1) 10,955 11,001 (0.4) Mutual funds 42 47 (10.6) Investment real estate 451 389 15.9 Aircraft asset investments 1,467 1,498 (2.1) All other investments 216 206 4.9 Total Domestic Life Insurance 13,131 13,141 (0.1) Foreign Life Insurance & Retirement Services Alternative funds (1) 679 1,262 (46.2) Mutual funds 481 8,585 (94.4) Investment real estate 519 2,265 (77.1) Direct private equity investments - 65 NM All other investments 75 1,572 (95.2) Total Foreign Life Insurance & Retirement Services (2) 1,754 13,749 (87.2) Financial Services and Other Alternative funds (1) 331 658 (49.7) Mutual funds 525 471 11.5 Investment real estate 4,019 4,481 (10.3) Direct private equity investments 5 8 (37.5) All other investments 238 243 (2.1) Total Financial Services and Other 5,118 5,861 (12.7) Consolidated Managed Partnerships & Funds (2) 1,063 816 30.3 Total AIG Other Invested Assets Alternative funds (1) 18,421 19,273 (4.4) Mutual funds 1,832 9,623 (81.0) Investment real estate 5,212 7,262 (28.2) Aircraft asset investments 1,467 1,498 (2.1) Life settlement contracts 3,522 3,399 3.6 Direct private equity investments 202 443 (54.4) All other investments 1,531 2,921 (47.6) Consolidated Managed Partnerships & Funds (3) 1,063 816 30.3 Total AIG Other Invested Assets $ 33,250 $ 45,235 (26.5)% Note: (1) Includes hedge funds, private equity funds and other investment partnerships. (2) Reflects classification of AIA, ALICO and Nan Shan as held for sale in the first quarter of 2010. (3) Represents AIG managed partnerships and funds that are consolidated. 49

Partnerships (2) (3): American International Group, Inc. Return on Average Partnerships and Mutual Funds Assets (1) (dollars in millions) March 31, 2010 March 31,2009 December 31, 2009 Return on Return on Return on Income Average Income Average Income Average (Loss) Assets Assets (Loss) Assets Assets (Loss) Assets Assets General Insurance Domestic General Insurance $ 142 $ 6,145 9.3 % $ (321) $ 5,470 (22.1)% $ 191 $ 6,054 13.1 % Foreign General Insurance 5 311 6.6 (77) 427 (55.1) (84) 298 (97.8) Total General Insurance 147 6,456 9.2 (398) 5,897 (25.0) 107 6,352 6.9 Domestic Life Insurance & Retirement Services Domestic Life Insurance 20 1,150 6.8 (121) 1,237 (37.0) 50 1,205 16.7 Domestic Retirement Services 215 9,805 8.8 (252) 10,109 (9.1) 288 9,796 11.9 Total Domestic Life Insurance & Retirement Services 235 10,955 8.6 (373) 11,346 (12.0) 338 11,001 12.4 Foreign Life Insurance & Retirement Services (4) 5 679 2.8 (11) 772 (5.5) (1) 727 (0.6) Financial Services and Other (3) 331 (2.4) (217) 1,610 (44.4) 11 658 6.4 Total excluding Consolidated Managed Partnerships and Funds 384 18,421 8.3 % (999) 19,625 (18.5)% 455 18,738 9.8 % Consolidated Managed Partnerships and Funds (5) (16) 1,063 (755) 5,420 (227) 816 Total $ 368 $ 19,484 $ (1,754) $ 25,045 $ 228 $ 19,554 Partnership Type: Private Equity $ 197 $ 12,809 6.1 % $ (900) $ 13,171 (25.4)% $ 304 $ 12,862 9.6 % Hedge Funds 187 5,612 13.0 (99) 6,454 (5.4) 151 5,876 10.4 Total excluding Consolidated Managed Partnerships and Funds $ 384 $ 18,421 8.3 % $ (999) $ 19,625 (18.5)% $ 455 $ 18,738 9.8 % Mutual Funds (6): General Insurance Domestic General Insurance $ 1 $ 175 2.2 % $ (12) $ 124 (36.5)% $ 10 $ 184 22.3 % Foreign General Insurance (2) 609 (1.7) (22) 275 (29.3) 41 336 44.0 Total General Insurance (1) 784 (0.6) (34) 399 (31.5) 51 520 37.0 Domestic Life Insurance & Retirement Services Domestic Life Insurance 1 30 13.3 1 62 6.6 2 30 27.6 Domestic Retirement Services - 12 - - 14 - - 17 - Total Domestic Life Insurance & Retirement Services 1 42 9.0 1 76 5.3 2 47 17.4 Foreign Life Insurance & Retirement Services (4) 4 481 3.2 1 443 0.9 1 510 0.8 Total $ 4 $ 1,307 1.3 % $ (32) $ 918 (13.4)% $ 54 $ 1,077 19.7 % Total Partnerships and Mutual Funds $ 388 $ (1,031) $ 509 Notes: (1) Annualized income (loss) expressed as a percentage of average assets. (2) Represents private equity partnerships and hedge funds. (3) Partnership income (loss) is on a lag basis. Hedge Funds are generally on a one month lag, while Private Equity are generally on a one quarter lag. (4) Historical results have been revised to exclude Nan Shan, AIA and ALICO which now are presented as discontinued operations. (5) Represents AIG managed partnerships and funds that are consolidated. (6) Comprised of equity-method mutual fund investments. Excludes mutual funds accounted for as equity securities and mutual funds. 50

Comment on Regulation G This financial supplement includes certain non-gaap financial measures. The reconciliations of such measures to the most comparable GAAP figures in accordance with Regulation G are included within the relevant tables. Throughout this financial supplement, AIG presents its operations in the way it believes will be most meaningful and useful, as well as most transparent, to the investing public and others who use AIG s financial information in evaluating the performance of AIG. That presentation includes the use of certain non-gaap measures. In addition to the GAAP presentations, in some cases, revenues, net income, operating income and related rates of performance are shown exclusive of the effect of dispositions, interest and amortization related to the FRBNY Credit Facility, the recognition of other-than-temporary impairments, conversion of the Series C preferred stock, realized capital gains (losses), the effect of non-qualifying derivative hedging activities, the effect of goodwill impairments, tax valuation allowances, credit valuation adjustments, unrealized market valuation gains (losses), and foreign exchange rates. In all such instances, AIG believes that excluding these items permits investors to better assess the performance of AIG s underlying businesses. AIG believes that providing information in a non-gaap manner is more useful to investors and analysts and more meaningful than the GAAP presentation. Although the investment of premiums to generate investment income (or loss) and realized capital gains or losses is an integral part of both life and general insurance operations, the determination to realize capital gains or losses is independent of the insurance underwriting process. Moreover, under applicable GAAP accounting requirements, losses can be recorded as the result of other than temporary declines in value without actual realization. In sum, investment income and realized capital gains or losses for any particular period are not indicative of underlying business performance for such period. AIG believes that underwriting profit (loss) provides investors with financial information that is not only meaningful but critically important to understanding the results of property and casualty insurance operations. Operating income of a property and casualty insurance company includes three components: underwriting profit (loss), net investment income and realized capital gains (losses). Without disclosure of underwriting profit (loss), it is impossible to determine how successful an insurance company is in its core business activity of assessing and underwriting risk. Including investment income and net realized capital gains (losses) in operating income without disclosing underwriting profit (loss) can mask underwriting losses. The amount of net investment income may be driven by changes in interest rates and other factors that are totally unrelated to underwriting performance. Underwriting profit (loss) is an important measurement used by AIG senior management to evaluate the performance of its property and casualty insurance operations and is a standard measure of performance used in the insurance industry. Further, the equity analysts who follow AIG exclude the realized capital transactions in their analyses for the same reason and consistently request that AIG provide the non-gaap information. Life and retirement services production (premiums, deposits and other considerations), gross premiums written, net premiums written and loss, expense and combined ratios are presented in accordance with accounting principles prescribed or permitted by insurance regulatory authorities because these are standard measures of performance used in the insurance industry and thus allow for more meaningful comparisons with AIG s insurance competitors. 51