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American International Group, Inc.

Financial Supplement

Revised Historical AIG Life and Retirement Segment Results

1Q 2011 – 4Q 2012

This report should be read in conjunction with AIG’s Annual Report on Form 10-K for the year ended December 31, 2012 filed with the Securities and Exchange Commission. All financial information in this document is unaudited.

American International Group, Inc. Revised Historical Quarterly Financial Supplement

Contact: Liz Werner

Investor Relations

(212)770-7074

Table of Contents . ... Page(s)

AIG Life and Retirement Operating Segment Changes ........................................... 1

Reclassifications .......................................................................................................... 2

Schematic of Revised Segment Structure .................................................................. 3

Cautionary Statement Regarding Forward-Looking Information .......................... 4

Non-GAAP Financial Measures ................................................................................. 5

Consolidated Statement of Segment Operations ................................................... 6-7

AIG Life and Retirement

Operating Statistics ................................................................................................ 8-9

Retail

Total Retail Operating Statistics ..................................................................... 10-11

Life Insurance and A&H Operating Statistics ............................................ 12-13

Life Insurance and A&H Reserves .................................................................. 14

Fixed Annuities Operating Statistics ........................................................... 15-16

Fixed Annuities Spread Information and Reserves ..................................... 17-18

Retirement Income Solutions Operating Statistics ...................................... 19-20

Retirement Income Solutions Spread Information and Reserves ................ 21-22

Institutional

Total Institutional Operating Statistics .......................................................... 23-24

Group Retirement Operating Statistics ....................................................... 25-26

Group Retirement Spread Information and Reserves ................................ 27-28

Institutional Markets Operating Statistics................................................... 29-30

Institutional Markets Reserves ........................................................................ 31

Notes .......................................................................................................................... 32

This Historical Results Financial Supplement presents revised quarterly results in the format that AIG will use to present its 2013 First Quarter Financial Supplement,

which will include additional supplemental disclosures that are not included in this

Historical Results Financial Supplement. The revisions reflected in this Historical

Results Financial Supplement and described below had no effect on AIG Life and

Retirement operating income and pre-tax income or AIG’s consolidated pre-tax

income and net income:

AIG Life and Retirement Operating Segment Changes

In order to align financial reporting with changes made during 2013 to the manner in

which AIG’s chief operating decision makers review the businesses to assess

performance and make decisions about resources to be allocated, AIG Life and Retirement now presents its results in two operating segments – Retail and

Institutional. These changes are further described on page 1. Prior to the first quarter

of 2013, AIG Life and Retirement presented its results in the Life Insurance and Retirement Services operating segments. Prior periods have been revised to conform

to the current period presentation.

Reclassifications

AIG Life and Retirement and Consolidated results were also revised to reflect the reclassification of certain fee income and expenses, which increased total revenues

and total expenses by the same amounts. These changes are further described on page 2.


AIG Life and Retirement Operating Segment Changes

In 2012, AIG Life and Retirement announced several key organizational structure and management changes intended to better serve the organization’s distribution

partners and customers. Key aspects of the new structure are distinct product divisions, shared annuity and life operations platforms and a unified all-channel

distribution organization with access to all AIG Life and Retirement products.

During the first quarter of 2013, AIG Life and Retirement fully implemented reporting changes to reflect its new structure and now presents its results in the following

two operating segments:

Retail: product lines include life insurance and accident and health (A&H), fixed annuities, retirement income solutions including variable and indexed annuities,

brokerage services and retail mutual funds.

Institutional: product lines include group retirement, group benefits and institutional markets. The institutional markets product line consists of stable value wrap

products, structured settlement and terminal funding annuities, private placement variable life and annuities, guaranteed investment contracts, and corporate and

bank-owned life insurance.

Invested assets are maintained in segregated portfolios for each of the product lines comprising our Retail and Institutional operating segments. Our fundamental

investment strategy is to maintain primarily a diversified, high quality portfolio of fixed maturity securities and, as is practicable, to match established duration targets

based on characteristics of the underlying liabilities. Invested assets in excess of liabilities are allocated to product lines based on an internal capital model.

All prior periods presented have been revised to reflect the new structure.

Insurance operations are conducted through American General Life Insurance Company, The Variable Annuity Life Insurance Company, and The United States Life

Insurance Company in the City of New York.

Selected operating statistics are provided for life insurance and A&H, fixed annuities, retirement income solutions, group retirement, and institutional markets. Operating

statistics are not separately presented for brokerage services and retail mutual funds included in the Retail operating segment and group benefits included in the

Institutional operating segment.

1


Reclassifications

Consolidated results and AIG Life and Retirement results on an historical basis were revised to reflect the reclassification of certain items described below, which increased total revenues

and total expenses by the same amount and had no effect on AIG’s consolidated pre-tax income and net income or AIG Life and Retirement operating income and pre-tax income.

Advisory fee income, and the related commissions and advisory fee expenses of AIG’s Life and Retirement broker dealer business, are being presented on a gross basis within Other

income and Other expenses. Previously, these amounts were included on a net basis within Policy fees on AIG’s Consolidated Statement of Operations and AIG Life and Retirement

results. In addition, revenues and expenses related to certain payout annuities primarily with life contingent features have been reclassified in the Consolidated Statement of Operations to

conform to the first quarter 2013 presentation. The effect on AIG’s Consolidated Statement of Operations before and after the reclassifications follows.

Full Year 2012 Full Year 2011

As Previously Increase As Previously Increase

(in millions) Reported (Decrease) As Revised Reported (Decrease) As Revised

Statement of Operations:

Premiums $ 38,011 $ 36 $ 38,047 $ 38,990 $ 36 $ 39,026

Policy fees 2,791 (442) 2,349 2,705 (396) 2,309

Other income 3,582 1,284 4,866 2,661 1,208 3,869

Total revenues 44,384 878 45,262 44,356 848 45,204

Policyholder benefits and claims incurred 31,977 59 32,036 33,450 73 33,523

Interest credited to policyholder account balances 4,362 (22) 4,340 4,467 (35) 4,432

Other expenses 2,721 841 3,562 2,470 810 3,280

Total expenses $ 39,060 $ 878 $ 39,938 $ 40,387 $ 848 $ 41,235

2

The chart below shows the AIG Life and Retirement products under the previous operating segments and their mapping to the new operating segments.

New

Operating

Segments

BusinessesLife Insurance

and A&HFixed Annuities

Retirement Income

SolutionsGroup Retirement Institutional Markets

ProductsTerm Insurance

Universal Life

A&H Products

Fixed Annuity

Immediate Annuity

Variable Annuity

Indexed Annuity

Retail Mutual Funds

Brokerage Services

Fixed Annuity

Variable Annuity

Mutual Funds

Structured Settlements

Terminal Funding Annuity

GICs / COLI / BOLI

PPVUL and PPVA

Stable Value Wraps

Group Benefits

American General Western National

Sun America

Retirement Markets VALIC Other

Term Insurance

Universal Life

A&H Products

Fixed Annuity Variable Annuity Fixed Annuity

Variable Annuity

Mutual Funds

GICs

Retail Mutual Funds

Brokerage Services

Fixed Annuity

Immediate Annuity

Variable Annuity

Indexed AnnuityIndexed Annuity

Structured Settlements

Terminal Funding Annuity

PPVUL and PPVA

GICs/COLI/BOLI

Stable Value Wraps

Structured Settlements Structured Settlements

Group Benefits

Previous

Operating

Segments

Life Insurance

Definitions: Guaranteed Investment Contracts (GICs), Corporate-Owned Life Insurance (COLI), Bank-Owned Life Insurance (BOLI), Private Placement Variable Life and Annuities (PPVUL & PPVA).

Retirement Services

InstitutionalRetail


Previous

Business

Line

Presentation

3

Cautionary Statement Regarding Forward-Looking Information

This Historical Results Financial Supplement may include, and officers and representatives of American International Group, Inc. (AIG) may from time to time make, projections, goals,

assumptions and statements that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These projections, goals, assumptions and

statements are not historical facts but instead represent only AIG’s belief regarding future events, many of which, by their nature, are inherently uncertain and outside AIG’s control. These

projections, goals, assumptions and statements include statements preceded by, followed by or including words such as “believe,” “anticipate,” “expect,” “intend,” “plan,” “view,” “target” or

“estimate.” These projections, goals, assumptions and statements may address, among other things: the monetization of AIG’s interests in International Lease Finance Corporation (ILFC), including

whether AIG’s proposed sale of up to 90 percent of ILFC will be completed and if completed, the timing and final terms of such sale; AIG’s exposures to subprime mortgages, monoline insurers, the

residential and commercial real estate markets, state and municipal bond issuers and sovereign bond issuers; AIG’s exposure to European governments and European financial institutions; AIG’s

strategy for risk management; AIG’s generation of deployable capital; AIG’s return on equity and earnings per share long-term aspirational goals; AIG’s strategies to grow net investment income,

efficiently manage capital and reduce expenses; AIG’s strategies for customer retention, growth, product development, market position, financial results and reserves; and the revenues and combined

ratios of AIG’s subsidiaries.

It is possible that AIG’s actual results and financial condition will differ, possibly materially, from the results and financial condition indicated in these projections, goals, assumptions and

statements. Factors that could cause AIG’s actual results to differ, possibly materially, from those in the specific projections, goals, assumptions and statements include:

changes in market conditions;

the occurrence of catastrophic events, both natural and man-made;

significant legal proceedings;

the timing and applicable requirements of any new regulatory framework to which AIG is subject as a savings and loan holding company, and if such a determination is made, as

a systemically important financial institution;

concentrations in AIG’s investment portfolios;

actions by credit rating agencies;

judgments concerning casualty insurance underwriting and insurance liabilities;

judgments concerning the recognition of deferred tax assets;

judgments concerning deferred policy acquisition costs (DAC) recoverability; and

such other factors as are discussed in Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations and in Part I, Item 1A. Risk

Factors in AIG’s Annual Report on Form 10-K for the year ended December 31, 2012.

AIG is not under any obligation (and expressly disclaims any obligation) to update or alter any projections, goals, assumptions or other statements, whether written or oral, that may be

made from time to time, whether as a result of new information, future events or otherwise.

4

Non-GAAP Financial Measures

Throughout this financial supplement, we use the following operating performance measures because we believe they enhance understanding of the underlying profitability of continuing

operations and trends of AIG and our business segments. We believe they also allow for more meaningful comparison with our insurance competitors. When such measures are disclosed,

reconciliations to the most comparable GAAP measure are provided.

Operating income (loss) is derived by excluding the following items from net income (loss): legal settlements related to legacy crisis matters, changes in fair values of fixed maturity

securities designated to hedge living benefits liabilities, net realized capital (gains) losses, and changes in benefit reserves and DAC, VOBA, and SIA related to net realized capital (gains) losses. We

believe that Operating income (loss) is useful because excluding these volatile items permits investors to better assess the operating performance of the underlying business by highlighting the results

from ongoing operations.

Although the investment of premiums to generate investment income (or loss) and realized capital gains or losses are integral parts 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 impairments 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 Life and Retirement premiums and deposits is a non-GAAP measure which includes life insurance premiums, deposits on annuity contracts and mutual funds. We use this measure

because it is a standard measure of performance used in the insurance industry and thus allows for meaningful comparisons with our insurance competitors.

Additionally, in some cases, revenues and rates of performance are shown exclusive of partnership income, other enhancements to income, and changes in foreign exchange rates. In all such

instances, we believe that excluding these items permits investors to better assess the operating performance of each of our underlying businesses by highlighting the results from ongoing operations

and the underlying profitability of our businesses.

5


Consolidated Statement of Segment Operations

(in millions, except per share data)

Quarterly Full Year

1Q12 2Q12 3Q12 4Q12 2012

AIG Property Casualty Net premiums written $ 8,820 $ 9,095 $ 8,712 $ 7,809 $ 34,436

Net premiums earned 8,688 8,820 8,752 8,613 34,873 Claims and claims adjustment expenses incurred 5,909 6,079 6,252 7,545 25,785

Acquisition expense 1,757 1,733 1,709 1,737 6,936

General operating expense 1,202 1,225 1,232 1,493 5,152

Underwriting loss (180) (217) (441) (2,162) (3,000)

Net investment income 1,223 1,153 1,227 1,217 4,820

Operating income (loss) 1,043 936 786 (945) 1,820

Net realized capital gains (losses) (135) 23 161 (51) (2)

Legal settlements - - - 17 17

Other income (loss) 2 2 2 (4) 2

Pre-tax income (loss) 910 961 949 (983) 1,837


Premiums 614 632 584 634 2,464

Policy fees 584 567 580 618 2,349


Advisory fee and other income 304 312 319 358 1,293

Total revenues 4,387 4,032 4,080 4,325 16,824

Benefits and expenses 3,076 3,099 3,254 3,235 12,664

Operating income 1,311 933 826 1,090 4,160

Legal settlements - - - 154 154

Changes in fair value of fixed income securities designated to hedge living benefit liabilities,

net of interest expense (19) 70 (3) (11) 37

Change in benefit reserves and DAC, VOBA and SIA related to net realized capital gains (losses) 36 (552) (604) (81) (1,201)

Net realized capital gains (losses) (466) 326 670 100 630

Pre-tax income 862 777 889 1,252 3,780

Other operations, operating income 2,328 682 854 260 4,124

Other operations pre-tax income (loss) before net realized capital gains (losses) 2,319 (55) 844 290 3,398

Other operations, net realized capital gains (losses) 417 (61) 47 98 501

Consolidation and elimination adjustments (42) 47 (171) (28) (194)

Income from continuing operations before income tax expense (benefit) 4,466 1,669 2,558 629 9,322

Income tax expense (benefit) * 1,081 (491) 734 246 1,570

Income from continuing operations 3,385 2,160 1,824 383 7,752

Income (loss) from discontinued operations, net of tax 64 179 37 (4,332) (4,052)

Net income (loss) 3,449 2,339 1,861 (3,949) 3,700

Less:

Net income from continuing operations attributable to noncontrolling interests:

Noncontrolling nonvoting, callable, junior and senior preferred interests 208 - - - 208

Other 33 7 5 9 54

Total net income from continuing operations attributable to noncontrolling interests 241 7 5 9 262

Total net income attributable to noncontrolling interests 241 7 5 9 262

Net income (loss) attributable to AIG $ 3,208 $ 2,332 $ 1,856 $ (3,958) $ 3,438

Effective tax rates:

Income from continuing operations 24.2% (29.4)% 28.7% 39.1% 16.8%

* Reflects deferred tax asset valuation allowance release of $0.3 billion, $1.3 billion, $0.2 billion and $0.1 billion in 1Q12, 2Q12, 3Q12 and 4Q12, respectively.

6


Consolidated Statement of Segment Operations

(in millions, except per share data)

Quarterly Full Year

1Q11 2Q11 3Q11 4Q11 2011

AIG Property Casualty

Net premiums written $ 9,166 $ 9,167 $ 8,659 $ 7,848 $ 34,840

Net premiums earned 8,651 9,033 9,043 8,962 35,689

Claims and claims adjustment expenses incurred 7,756 6,680 6,838 6,675 27,949

Acquisition expense 1,536 1,606 1,665 1,657 6,464 General operating expense 962 1,106 1,072 1,266 4,406

Underwriting loss (1,603) (359) (532) (636) (3,130)


Operating income (loss) (424) 783 492 367 1,218

Net realized capital gains 50 43 60 454 607

Other loss - - (1) (4) (5)

Pre-tax income (loss) (374) 826 551 817 1,820


Premiums 629 669 601 650 2,549

Policy fees 582 578 560 589 2,309 Net investment income 2,754 2,461 2,295 2,372 9,882


Total revenues 4,270 4,029 3,758 4,100 16,157

Benefits and expenses 3,099 3,306 3,287 3,188 12,880

Operating income 1,171 723 471 912 3,277

Change in benefit reserves and DAC, VOBA and SIA related

to net realized capital gains (losses) 16 (48) (163) (132) (327)


Pre-tax income 967 766 346 877 2,956

Other operations, operating income (loss) 1,824 135 (4,235) 502 (1,774)

Other operations pre-tax income (loss) before net realized capital gains (losses) (1,562) 112 (4,244) 979 (4,715)

Other operations, net realized capital gains (losses) (435) (25) 299 173 12

Consolidation and elimination adjustments (24) 32 110 (75) 43

Income (loss) from continuing operations before income tax benefit (1,428) 1,711 (2,938) 2,771 116

Income tax benefit * (222) (301) (164) (18,737) (19,424)

Income (loss) from continuing operations (1,206) 2,012 (2,774) 21,508 19,540

Income (loss) from discontinued operations, net of tax 2,707 41 (1,052) 94 1,790

Net income (loss) 1,501 2,053 (3,826) 21,602 21,330

Less:

Net income from continuing operations attributable to noncontrolling interests: Noncontrolling nonvoting, callable, junior and senior preferred interests 252 141 145 96 634

Other (55) 64 19 26 54

Total net income from continuing operations attributable to noncontrolling interests 197 205 164 122 688

Net income from discontinued operations attributable to noncontrolling interests 7 12 - 1 20

Total net income attributable to noncontrolling interests 204 217 164 123 708

Net income (loss) attributable to AIG $ 1,297 $ 1,836 $ (3,990) $ 21,479 $ 20,622

Effective tax rates:

Income (loss) from continuing operations 15.5% (17.6)% 5.6% NM NM

* Reflects deferred tax asset valuation allowance release of $19.3 billion in 4Q11.

7



Operating Statistics - Revised Historical 2012 Results

(dollars in millions)

Quarterly Full Year

1Q12 2Q12 3Q12 4Q12 2012

Premiums and deposits (1) $ 5,560 $ 5,434 $ 4,785 $ 5,215 $ 20,994

Revenues:

Premiums $ 614 $ 632 $ 584 $ 634 $ 2,464

Policy fees 584 567 580 618 2,349 Net investment income:

Interest and dividends (2) 2,631 2,361 2,342 2,316 9,650

Alternative investments 282 170 170 332 954 Call and tender income 12 20 72 42 146

Other (3) 19 41 84 99 243 Investment expenses (59) (71) (71) (74) (275)

Total net investment income 2,885 2,521 2,597 2,715 10,718


Total revenues excluding net realized capital gains (losses) 4,387 4,032 4,080 4,325 16,824

Benefits and expenses: Policyholder benefits and claims incurred (4) 1,087 1,093 1,124 1,288 4,592

Interest credited to policyholder account balances (5) 1,062 1,054 1,189 1,035 4,340

Amortization of deferred policy acquisition costs 205 229 202 176 812 Non deferrable commissions 117 121 108 117 463

General operating expenses (6) 408 397 423 387 1,615

Commissions and advisory fee expenses 197 205 208 232 842

Total benefits and expenses 3,076 3,099 3,254 3,235 12,664 Operating income 1,311 933 826 1,090 4,160

Adjustments to arrive at pre-tax income:

Legal settlements (7) - - - 154 154

Changes in fair value of securities designated to hedge living benefit liabilities, net of interest expense (19) 70 (3) (11) 37 Change in benefit reserves and DAC, VOBA and SIA related to net realized capital gains (losses) 36 (552) (604) (81) (1,201)


Pre-tax income $ 862 $ 777 $ 889 $ 1,252 $ 3,780

Investment yield:

Base (8) 5.50% 5.50% 5.38% 5.33% 5.43%

Alternative investments (9) 0.28% 0.07% 0.07% 0.44% 0.21% Other enhancements (10) 0.73% 0.14% 0.41% 0.32% 0.40%

Total 6.51% 5.71% 5.86% 6.09% 6.04%

Assets under management: General account $ 191,662 $ 196,195 $ 200,249 $ 203,736 $ 203,736

Separate accounts 56,019 54,260 56,729 57,326 57,326

Group retirement and retail mutual funds 17,292 17,299 18,501 18,972 18,972 Stable value wraps (11) - - - 10,353 10,353

Total assets under management $ 264,973 $ 267,754 $ 275,479 $ 290,387 $ 290,387

See Accompanying Notes on Page 32

8





Quarterly Full Year

1Q11 2Q11 3Q11 4Q11 2011


Revenues:

Premiums $ 629 $ 669 $ 601 $ 650 $ 2,549 Policy fees 582 578 560 589 2,309

Net investment income:


Alternative investments 413 309 89 31 842

Call and tender income 34 97 67 24 222

Other (3) 41 13 (46) 12 20 Investment expenses (59) (57) (62) (67) (245)


Advisory fee and other income (12) 305 321 302 489 1,417

Total revenues excluding net realized capital gains (losses) 4,270 4,029 3,758 4,100 16,157 Benefits and expenses:

Policyholder benefits and claims incurred (4) 1,041 1,227 1,209 1,210 4,687

Interest credited to policyholder account balances (5) 1,089 1,107 1,137 1,099 4,432 Amortization of deferred policy acquisition costs 235 240 243 148 866

Non deferrable commissions 132 134 138 138 542

General operating expenses 400 381 356 405 1,542 Commissions and advisory fee expenses 202 217 204 188 811

Total benefits and expenses 3,099 3,306 3,287 3,188 12,880

Operating income 1,171 723 471 912 3,277


Change in benefit reserves and DAC, VOBA and SIA related to net realized capital gains (losses) 16 (48) (163) (132) (327) Net realized capital gains (losses) (220) 91 38 97 6

Pre-tax income $ 967 $ 766 $ 346 $ 877 $ 2,956

Investment yield:

Base (8) 5.04% 5.41% 5.49% 5.44% 5.34%

Alternative investments (9) 0.62% 0.39% (0.11)% (0.24)% 0.17%

Other enhancements (10) 0.70% (0.16)% (0.17)% 0.13% 0.12%

Total 6.36% 5.64% 5.21% 5.33% 5.63%

Assets under management:

General account $ 181,795 $ 182,915 $ 188,236 $ 189,804 $ 189,804 Separate accounts 56,464 56,098 48,107 51,383 51,383

Group retirement and retail mutual funds 15,683 15,856 14,281 15,737 15,737

Total assets under management $ 253,942 $ 254,869 $ 250,624 $ 256,924 $ 256,924


9


AIG Life and Retirement - Retail



Quarterly Full Year

1Q12 2Q12 3Q12 4Q12 2012


Revenues:

Premiums $ 390 $ 411 $ 373 $ 350 $ 1,524

Policy fees 463 453 458 495 1,869





Other (3) 13 21 54 84 172

Investment expenses (34) (41) (44) (43) (162)




Benefits and expenses:

Policyholder benefits and claims incurred (4) 652 665 697 777 2,791

Interest credited to policyholder account balances (5) 651 651 643 609 2,554

Amortization of deferred policy acquisition costs 178 198 181 170 727


General operating expenses (6) 299 286 311 275 1,171



Operating income 761 535 548 598 2,442



Changes in fair value of securities designated to hedge living benefit liabilities, net of interest expense (19) 70 (3) (11) 37

Change in benefit reserves and DAC, VOBA and SIA related to net realized capital gains (losses) 127 (85) (119) 20 (57)

Net realized capital gains (losses) (385) (179) 105 (1) (460)

Pre-tax income $ 484 $ 341 $ 531 $ 712 $ 2,068


10





Quarterly Full Year

1Q11 2Q11 3Q11 4Q11 2011


Revenues:

Premiums $ 386 $ 403 $ 376 $ 381 $ 1,546

Policy fees 457 452 430 467 1,806





Other (3) 25 9 (30) 3 7



Advisory fee and other income (12) 278 295 277 372 1,222







General operating expenses 301 274 266 282 1,123




Adjustments to arrive at pre-tax income (loss):

Change in benefit reserves and DAC, VOBA and SIA related to net realized capital gains (losses) 16 (41) (156) (124) (305)

Net realized capital gains (losses) (125) 66 (168) 70 (157)

Pre-tax income (loss) $ 556 $ 380 $ (87) $ 533 $ 1,382


11



Life Insurance and A&H Operating Statistics - Revised Historical 2012 Results


Quarterly Full Year

1Q12 2Q12 3Q12 4Q12 2012

Premiums and deposits (1) $ 839 $ 857 $ 827 $ 858 $ 3,381

Revenues:

Premiums $ 363 $ 375 $ 354 $ 331 $ 1,423

Policy fees 332 323 316 353 1,324


Interest and dividends (2) 528 477 489 476 1,970



Other (3) - 4 11 22 37


Total net investment income 539 498 516 516 2,069

Advisory fee and other income - - - 1 1




Interest credited to policyholder account balances (5) 122 125 118 120 485



General operating expenses (6) 154 162 178 166 660

Total benefits and expenses 1,021 972 1,051 1,113 4,157

Operating income $ 213 $ 224 $ 135 $ 88 $ 660


12



Life Insurance and A&H Operating Statistics - Revised Historical 2011 Results


Quarterly Full Year

1Q11 2Q11 3Q11 4Q11 2011


Revenues:

Premiums $ 366 $ 372 $ 356 $ 344 $ 1,438

Policy fees 333 323 309 343 1,308




Call and tender income 4 21 10 - 35

Other (3) 15 5 (3) 6 23



Advisory fee and other income (12) - - - 40 40







General operating expenses 173 148 138 154 613

Total benefits and expenses 971 1,056 951 1,053 4,031



13



Life Insurance and A&H Reserves - Revised Historical 2012 and 2011 Results


Quarterly Full Year

1Q12 2Q12 3Q12 4Q12 2012

Reserve rollforward:

Balance at beginning of period, gross $ 25,945 $ 26,075 $ 26,143 $ 26,338 $ 25,945

Premiums and deposits 839 857 827 858 3,381

Surrenders and withdrawals (216) (189) (177) (202) (784)

Death, and other contract benefits (130) (140) (135) (185) (590)

Subtotal 493 528 515 471 2,007

Cost of funds 122 125 118 120 485

Change in fair value of the underlying assets, net of fees (99) (177) (52) (197) (525)

Other reserve changes (386) (408) (386) (253) (1,433)

Balance at end of period 26,075 26,143 26,338 26,479 26,479

Reinsurance ceded (1,139) (1,130) (1,120) (1,137) (1,137)

Total insurance reserves $ 24,936 $ 25,013 $ 25,218 $ 25,342 $ 25,342

Quarterly Full Year

1Q11 2Q11 3Q11 4Q11 2011




Surrenders and withdrawals (182) (195) (175) (256) (808)


Subtotal 576 564 542 492 2,174

Cost of funds 122 132 123 128 505

Change in fair value of the underlying assets, net of fees (132) (164) (258) (111) (665)

Other reserve changes (473) (450) (404) (383) (1,710)


Reinsurance ceded (1,138) (1,139) (1,134) (1,151) (1,151)



14



Fixed Annuities Operating Statistics - Revised Historical 2012 Results


Quarterly Full Year

1Q12 2Q12 3Q12 4Q12 2012


Revenues:

Premiums $ 28 $ 36 $ 18 $ 19 $ 101

Policy fees 8 8 7 10 33




Call and tender income 3 (2) 35 25 61

Other (3) 11 17 37 59 124


Total net investment income 1,052 886 918 938 3,794

Advisory fee and other income - - - 1 1

Total revenues excluding net realized capital gains (losses) 1,088 930 943 968 3,929


Policyholder benefits and claims incurred 65 74 58 58 255




General operating expenses 39 30 35 (1) 103

Total benefits and expenses 708 679 683 570 2,640 Operating income $ 380 $ 251 $ 260 $ 398 $ 1,289


15



Fixed Annuities Operating Statistics - Revised Historical 2011 Results


Quarterly Full Year

1Q11 2Q11 3Q11 4Q11 2011


Revenues:

Premiums $ 20 $ 30 $ 19 $ 37 $ 106

Policy fees 7 11 6 8 32



Alternative investments 118 85 17 - 220


Other (3) 9 3 (29) (4) (21)




Total revenues excluding net realized capital gains (losses) 988 898 845 972 3,703







Total benefits and expenses 674 729 707 680 2,790



16



Fixed Annuities Spread Information and Reserves - Revised Historical 2012 Results


Quarterly Full Year

1Q12 2Q12 3Q12 4Q12 2012

Net investment spreads:

Base (8) 5.26% 5.31% 5.12% 5.12% 5.20%

Alternative investments (9) 0.25% 0.04% 0.04% 0.23% 0.15%

Other enhancements (10) 0.73% (0.03)% 0.39% 0.39% 0.37%

Total yield 6.24% 5.32% 5.55% 5.74% 5.72%

Cost of funds (a) 3.13% 3.13% 3.15% 3.14% 3.14%

Net spread rate, as reported 3.11% 2.19% 2.40% 2.60% 2.58%

Base net investment spread (b) 2.13% 2.18% 1.97% 1.98% 2.06%




Surrenders and withdrawals (967) (953) (847) (1,032) (3,799)

Death, and other contract benefits (635) (683) (621) (655) (2,594)

Subtotal (989) (1,145) (1,276) (1,422) (4,832)

Cost of funds (a) 466 458 460 452 1,836

Change in fair value of the underlying assets, net of fees 41 84 27 83 235

Other reserve changes (including loss recognition) 105 70 116 44 335


Reserves related to unrealized investment appreciation 369 407 442 456 456

Reinsurance ceded (389) (386) (372) (372) (372)


(a) Excludes the amortization of sales inducement assets.

(b) Excludes impact of alternative investments and other enhancements.


17



Fixed Annuities Spread Information and Reserves - Revised Historical 2011 Results


Quarterly Full Year

1Q11 2Q11 3Q11 4Q11 2011


Base (8) 4.68% 5.14% 5.30% 5.24% 5.09%


Other enhancements (10) 0.77% (0.32)% (0.34)% 0.05% 0.03%

Total yield 5.96% 5.16% 4.85% 5.09% 5.26%

Cost of funds (a) 3.32% 3.27% 3.31% 3.28% 3.30%





Premiums and deposits 2,246 2,131 1,380 1,161 6,918

Surrenders and withdrawals (914) (996) (908) (966) (3,784)


Subtotal 776 515 (80) (343) 868

Cost of funds (a) 473 477 490 486 1,926


Other reserve changes (including loss recognition) 19 12 (7) 48 72


Reserves related to unrealized investment appreciation - - 309 360 360






18



Retirement Income Solutions Operating Statistics - Revised Historical 2012 Results


Quarterly Full Year

1Q12 2Q12 3Q12 4Q12 2012


Revenues:

Policy fees $ 118 $ 118 $ 129 $ 132 $ 497


Interest and dividends (2) 66 69 72 79 286


Call and tender income 2 - 1 - 3

Other (3) 1 - 5 3 9


Total net investment income 78 76 90 101 345

Advisory fee and other income 32 32 33 34 131

Total revenues excluding net realized capital gains (losses) 228 226 252 267 973 Benefits and expenses:

Policyholder benefits and claims incurred (13) (35) 27 (5) 34 21


Amortization of deferred policy acquisition costs (4) 35 9 13 53




Total benefits and expenses 62 176 108 158 504 Operating income $ 166 $ 50 $ 144 $ 109 $ 469


19



Retirement Income Solutions Operating Statistics - Revised Historical 2011 Results


Quarterly Full Year

1Q11 2Q11 3Q11 4Q11 2011


Revenues:

Policy fees $ 112 $ 115 $ 111 $ 111 $ 449


Interest and dividends (2) 51 51 52 60 214

Alternative investments 10 10 2 - 22

Call and tender income - 2 5 - 7

Other (3) - 1 1 1 3

Investment expenses - (2) (2) (4) (8)

Total net investment income 61 62 58 57 238

Advisory fee and other income (12) 31 32 30 36 129

Total revenues excluding net realized capital gains (losses) 204 209 199 204 816


Policyholder benefits and claims incurred (13) (23) 14 117 (24) 84


Amortization of deferred policy acquisition costs 20 35 39 (13) 81




Total benefits and expenses 97 155 278 60 590

Operating income (loss) $ 107 $ 54 $ (79) $ 144 $ 226


20



Retirement Income Solutions Spread Information and Reserves - Revised Historical 2012 Results


Quarterly Full Year

1Q12 2Q12 3Q12 4Q12 2012


Base (8) 5.03% 5.04% 5.09% 5.15% 5.08%


Other enhancements (10) 0.56% 0.08% 0.50% 0.22% 0.33%

Total yield 6.04% 5.15% 5.88% 6.04% 5.78%

Cost of funds (a) 2.63% 2.51% 2.42% 2.24% 2.44%








Subtotal 225 545 225 360 1,355

Change in fair value of the underlying assets, net of fees 1,967 (594) 1,168 246 2,787

Cost of funds (a) 24 26 26 26 102

Other reserve changes (11) - 1 11 1







21



Retirement Income Solutions Spread Information and Reserves - Revised Historical 2011 Results


Quarterly Full Year

1Q11 2Q11 3Q11 4Q11 2011


Base (8) 5.06% 5.41% 4.94% 4.84% 5.05%


Other enhancements (10) 0.26% (0.12)% 0.45% 0.20% 0.20%

Total yield 6.34% 5.97% 4.72% 4.74% 5.37%

Cost of funds (a) 3.10% 2.84% 2.91% 2.70% 2.88%








Subtotal (172) (102) (12) 72 (214)

Change in fair value of the underlying assets, net of fees 897 (92) (2,505) 1,131 (569)

Cost of funds (a) 23 23 24 25 95

Other reserve changes (3) (14) 10 (6) (13)







22


AIG Life and Retirement - Institutional



Quarterly Full Year

1Q12 2Q12 3Q12 4Q12 2012


Revenues:

Premiums $ 224 $ 221 $ 211 $ 284 $ 940

Policy fees 121 114 122 123 480


Interest and dividends (2) 1,060 955 941 949 3,905



Other (3) 6 20 30 15 71



Advisory fee and other income 25 26 29 30 110









Total benefits and expenses 1,034 1,024 1,157 1,103 4,318 Operating income 550 398 278 492 1,718



Change in benefit reserves and DAC, VOBA and SIA related to net realized capital gains (losses) (91) (467) (485) (101) (1,144)

Net realized capital gains (losses) (81) 505 565 101 1,090

Pre-tax income $ 378 $ 436 $ 358 $ 540 $ 1,712


23





Quarterly Full Year

1Q11 2Q11 3Q11 4Q11 2011


Revenues:

Premiums $ 243 $ 266 $ 225 $ 269 $ 1,003

Policy fees 125 126 130 122 503





Other (3) 16 4 (16) 9 13


Total net investment income 1,223 1,061 955 981 4,220













Change in benefit reserves and DAC, VOBA and SIA related to net realized capital gains (losses) - (7) (7) (8) (22)


Pre-tax income $ 411 $ 386 $ 433 $ 344 $ 1,574


24



Group Retirement Operating Statistics - Revised Historical 2012 Results


Quarterly Full Year

1Q12 2Q12 3Q12 4Q12 2012


Revenues:

Premiums $ 5 $ 5 $ 5 $ 4 $ 19

Policy fees 86 86 90 93 355





Other (3) 6 10 15 5 36












Total benefits and expenses 424 428 415 413 1,680 Operating income $ 325 $ 265 $ 265 $ 308 $ 1,163


25



Group Retirement Operating Statistics - Revised Historical 2011 Results


Quarterly Full Year

1Q11 2Q11 3Q11 4Q11 2011


Revenues:

Premiums $ 4 $ 3 $ 5 $ 4 $ 16

Policy fees 85 88 93 82 348





Other (3) 2 (1) (16) - (15)















26



Group Retirement Spread Information and Reserves - Revised Historical 2012 Results


Quarterly Full Year

1Q12 2Q12 3Q12 4Q12 2012


Base (8) 5.19% 5.23% 5.01% 4.95% 5.09%


Other enhancements (10) 0.59% 0.24% 0.25% 0.19% 0.32%

Total yield 6.12% 5.52% 5.34% 5.59% 5.64%

Cost of funds (a) 3.28% 3.27% 3.26% 3.26% 3.27%




Balance at beginning of period $ 69,676 $ 73,829 $ 73,058 $ 75,321 $ 69,676


Surrenders and withdrawals (1,515) (1,401) (1,478) (1,931) (6,325)


Subtotal 227 238 52 (215) 302

Change in fair value of the underlying assets, net of fees 3,614 (1,321) 1,899 641 4,833

Cost of funds (a) 295 297 298 299 1,189

Other reserve changes 17 15 14 16 62



(b) Excludes the impact of alternative investments and other enhancements.


27



Group Retirement Spread Information and Reserves - Revised Historical 2011 Results


Quarterly Full Year

1Q11 2Q11 3Q11 4Q11 2011


Base (8) 4.68% 5.14% 5.22% 5.25% 5.07%


Other enhancements (10) 0.64% 0.05% (0.24)% 0.07% 0.13%

Total yield 6.14% 5.66% 4.77% 5.12% 5.42%

Cost of funds (a) 3.54% 3.57% 3.61% 3.51% 3.56%




Balance at beginning of period $ 68,133 $ 70,332 $ 70,899 $ 66,421 $ 68,133


Surrenders and withdrawals (1,503) (1,448) (1,448) (1,454) (5,853)


Subtotal 116 167 448 357 1,088

Change in fair value of the underlying assets, net of fees 1,766 76 (5,256) 2,573 (841)

Cost of funds (a) 303 304 312 309 1,228

Other reserve changes 14 20 18 16 68



(b) Excludes the impact of alternative investments and other enhancements.


28



Institutional Markets Operating Statistics - Revised Historical 2012 Results


Quarterly Full Year

1Q12 2Q12 3Q12 4Q12 2012

Premiums and deposits (1) $ 181 $ 194 $ 178 $ 221 $ 774

Revenues:

Premiums $ 98 $ 100 $ 96 $ 164 $ 458

Policy fees 29 23 26 24 102




Call and tender income (1) 4 20 3 26

Other (3) - 9 15 8 32



Total revenues excluding net realized capital gains (losses) 685 590 619 732 2,626 Benefits and expenses:

Policyholder benefits and claims incurred 337 339 336 420 1,432


Amortization of deferred policy acquisition costs 1 2 2 (2) 3






29



Institutional Markets Operating Statistics - Revised Historical 2011 Results


Quarterly Full Year

1Q11 2Q11 3Q11 4Q11 2011

Premiums and deposits (1) $ 162 $ 163 $ 135 $ 199 $ 659

Revenues:

Premiums $ 101 $ 117 $ 72 $ 112 $ 402

Policy fees 29 26 26 28 109





Other (3) 12 4 - 9 25






Policyholder benefits and claims incurred 335 346 323 361 1,365




General operating expenses 11 14 (2) 13 36



See Accompanying Notes on

30



Institutional Markets Reserves- Revised Historical 2012 and 2011 Results


Quarterly Full Year

1Q12 2Q12 3Q12 4Q12 2012



Premiums and deposits 181 194 178 221 774



Subtotal (1,109) (183) (207) (239) (1,738)


Cost of funds 109 100 241 121 571

Other reserve changes (including loss recognition) 58 469 506 122 1,155


Reserves related to unrealized investment appreciation 1,895 1,958 2,364 2,359 2,359



Quarterly Full Year

1Q11 2Q11 3Q11 4Q11 2011



Premiums and deposits 162 163 135 199 659

Surrenders and withdrawals (836) (1,070) (27) (82) (2,015)


Subtotal (1,005) (1,235) (237) (214) (2,691)

Change in fair value of the underlying assets, net of fees 314 244 (57) 121 622

Cost of funds 130 120 118 120 488

Other reserve changes (including loss recognition) 41 46 47 73 207


Reserves related to unrealized investment appreciation - - 1,298 1,938 1,938




31



Notes

(1) Premiums and deposits is a non-GAAP measure. Premiums and deposits consist of life insurance premiums, deposits on annuity contracts and mutual funds.

(2) Interest and dividends include gains (losses) related to AIG’s retained interest in Maiden Lane II LLC (ML II). Substantially all of the assets of ML II were sold by the

Federal Reserve Bank of New York (FRBNY) in the first quarter of 2012 and no additional income was recorded from ML II subsequent to that time. The gains included were

$246 million in both the three months ended March 31, 2012 and the twelve months ended December 31, 2012. The gains (losses) included in the three months ended March

31, 2011, June 30, 2011, September 30, 2011 and December 31, 2011, and the twelve months ended December 31, 2011, were $251 million $(176) million, $(43) million, $10

million and $42 million, respectively.

(3) Other investment income for the three months ended September 30, 2012 and March 31, 2012 includes $11 million and $5 million, respectively, of losses related to equity-

method investments in trusts that hold leased commercial aircraft. The three months ended December 31, 2011, September 30, 2011 and June 30, 2011, include $35 million,

$97 million and $31 million, respectively, of losses related to equity-method investments in trusts that hold leased commercial aircraft. The twelve months ended December

31, 2012 and 2011 include $16 million and $163 million, respectively, of losses related to equity-method investments in trusts that hold leased commercial aircraft.

(4) The three months ended December 31, 2012, September 30, 2012 and December 31, 2011, and the twelve months ended December 31, 2012 and 2011, include charges of $55

million, $2 million, $105 million, $57 million and $202 million, respectively, to increase IBNR related to multi-state examinations relating to the handling of unclaimed

property and the use of the Social Security Death Master File (SSDMF) to identify death claims that have not been submitted to AIG in the normal course of business.

(5) Interest credited to policyholder account balances includes amortization of sales inducement assets. The three months ended September 30, 2012 includes a charge to interest

credited expense of $110 million as a result of a comprehensive review of reserves of the GIC portfolio.

(6) The three months ended September 30, 2012 includes a charge of $20 million from the consolidation of AIG Life and Retirement’s life operations and administrative systems

and an $11 million regulatory assessment related to the handling of unclaimed property and the use of the SSDMF to identify death claims that have not been submitted to

AIG Life and Retirement in the normal course of business.

(7) Reflects litigation settlement income recorded in the three months ended December 31, 2012 from settlements with three financial institutions who participated in the creation,

offering and sale of RMBS as to which AIG and its subsidiaries suffered losses either for their own accounts or in connection with their participation in AIG’s securities

lending program.

(8) Includes the investment return other than alternative investment or yield enhancement activities. Quarterly results are annualized.

(9) Includes incremental effect to base yield of investments in hedge funds, private equity funds and affordable housing partnerships. Quarterly results are annualized.

(10) Includes incremental effect to base yield of gains on ML II and income from calls and prepayment fees. Quarterly results are annualized.

(11) Includes the notional value of stable value wraps novated with Global Capital Markets and rewritten as group annuity contracts at AIG Life and Retirement.

(12) Advisory fees and other income for the three months ended December 31, 2011 includes revenue of $202 million recorded pursuant to a net legal settlement.

(13) Policyholder benefits and claims incurred is negative in the three months ended March 31, 2012, September 30, 2012, March 31, 2011 and December 31, 2011 due to

reductions in SOP 03-01 reserves (primarily guaranteed minimum death benefits) resulting from positive equity markets.

32

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