AMERICAN INTERNATIONAL GROUP, INC.

Operating Cash Flow Activities

Insurance companies generally receive most premiums in advance of the payment of claims or policy benefits. The ability of insurance companies to generate positive cash flow is affected by the frequency and severity of losses under their insurance policies, policy retention rates, effective management of their investment portfolio and operating expense discipline.

Interest payments totaled $268 million and $581 million in the nine months ended September 30, 2025 and 2024, respectively. Excluding interest payments, AIG had operating cash inflows of $2.9 billion in the nine months ended September 30, 2025 compared to operating cash inflows of $3.7 billion, including $104 million outflow from discontinued operations, in the prior year period.

Investing Cash Flow Activities

Net cash provided by investing activities in the nine months ended September 30, 2025 was $3.3 billion, compared to net cash used in investing activities of $1.0 billion, including $4.2 billion used in discontinued operations, in the prior year period.

Financing Cash Flow Activities

Net cash used in financing activities in the nine months ended September 30, 2025 totaled$5.7 billion, reflecting:

•$734 million to pay dividends of $0.45 per share in the three months ended September 30, 2025 and June 30, 2025, and$0.40 per share for the three months ended March 31, 2025 on AIG Common Stock;

•$5.3 billion to repurchase approximately 66 million shares of AIG Common Stock; and

•$154 million in net inflows from the issuance and repayment of long-term debt.

Net cash used in financing activities in the nine months ended September 30, 2024 totaled $2.1 billion reflecting:

•$758 million to pay dividends of $0.40 per share in the three months ended September 30, 2024 and June 30, 2024, and $0.36 per share for the three months ended March 31, 2024 on AIG Common Stock;

•$22 million to pay a first quarter dividend of $365.625 per share on AIG’s Series A 5.85% Non-Cumulative Perpetual Preferred Stock and redemption premiums;

•$4.8 billion to repurchase approximately 65 million shares of AIG Common Stock;

•$509 million in net outflows from the issuance and repayment of long-term debt; and

•$3.9 billion in net inflows from discontinued operations.