AMERICAN INTERNATIONAL GROUP INC

SOURCES

Liquidity to AIG Parent from Subsidiaries

During the six months ended June 30, 2024, our General Insurance companies distributed dividends of $2.3 billion to AIG Parent or applicable intermediate holding companies.

Secondary Offering of Corebridge Shares by AIG(a)

In June 2024, AIG sold 30 million shares of Corebridge common stock in a secondary offering at a public offering price of $29.20 per share. The aggregate gross proceeds of the offering to AIG, before deducting underwriting discounts and commissions and other expenses payable by AIG, were approximately $876 million.

USES

General Borrowings

During the six months ended June 30, 2024,$464 million of debt categorized as general borrowings matured, was repaid or redeemed, including:

•$459 million aggregate principal amount of our 4.125% Notes due February 15, 2024.

We made interest payments on our general borrowings totaling $225 million during the six months ended June 30, 2024.

Dividends

During thesix months ended June 30, 2024:

•We made a cash dividend payment of $365.625 per share on AIG’s Series A 5.85% Non-Cumulative Perpetual Preferred Stock (Series A Preferred Stock) for the three months ended March 31, 2024 totaling $7 million. On March 15, 2024, we redeemed all 20,000 outstanding shares of our Series A Preferred Stock and all 20,000,000 of the corresponding Depositary Shares, each representing a 1/1,000th interest in a share of Series A Preferred Stock for an aggregate redemption price of $500 million, paid in cash.

•We made cash dividend payments in the amount of $0.40 per share on AIG Common Stock for the three months ended June 30, 2024 (an increase of 11 percent from prior dividend payments), and $0.36 per share for the three months ended March 31, 2024, totaling $504 million.

Repurchases of Common Stock(b)

During thesix months ended June 30, 2024, AIG Parent repurchased approximately 45 million shares of AIG Common Stock, for an aggregate purchase price of approximately $3.3 billion.

(a)In July 2024, AIG sold approximately 1.9 million additional shares of Corebridge common stock pursuant to the partial exercise of the underwriter’s over-allotment option. The aggregate gross proceeds to AIG, before deducting underwriting discounts and commissions and other expenses payable by AIG, were approximately $56 million.

(b)Pursuant to a Securities Exchange Act of 1934 (the Exchange Act) Rule 10b5-1 repurchase plan, from July 1, 2024 to July 26, 2024, AIG Parent repurchased approximately 6 million shares of AIG Common Stock for an aggregate purchase price of approximately $459 million.