Financial
Highlights1

2018 AIG Financial Highlights
Years ended December 31, (dollars in millions, except per share data) 2018 2017 2016
Operating results:
Total revenues 47,389 49,520 52,367
Net loss attributable to AIG (6) (6,084) (849)
Adjusted after-tax
income attributable to AIG2
1,064 2,231 406
Net loss per common share
attributable to AIG (diluted)
(0.01) (6.54) (0.78)
Adjusted after-tax income per common
share attributable to AIG (diluted)2
1.17 2.34 0.36
Balance sheet (year-end):
Total assets 491,984 498,301 498,264
Total AIG shareholders’ equity 56,361 65,171 76,300
Key metrics:
Book value per common share 65.04 72.49 76.66
Adjusted book value per common share3 54.95 54.74 58.57
Return on equity (ROE) 0.0% (8.4)% (1.0)%
Adjusted ROE3 2.1% 4.1% 0.6%
Core Adjusted ROE4 2.3% 3.2% 0.8%
General Insurance:
Net premiums written 26,407 25,438 28,393
Adjusted pre-tax loss5 (469) (813) (2,051)
Combined ratio6 111.4 117.3 118.9
Accident year combined ratio, as adjusted7 99.7 97.1 96.0
Life and Retirement:
Premiums and deposits8 31,206 27,458 29,304
Adjusted pre-tax income5 3,190 3,831 3,428
Adjusted ROE4 12.6% 12.4% 10.8%
2018 AIG Financial Highlights
Years ended December 31, (dollars in millions, except per share data)
Operating results:
Total revenues
201847,389 201749,520 201652,367
Net loss attributable to AIG
2018(6) 2017(6,084) 2016(849)
Adjusted after-tax income attributable to AIG2
20181,064 20172,231 2016406
Net loss per common share attributable to AIG (diluted)
2018(0.01) 2017(6.54) 2016(0.78)
Adjusted after-tax income per common share attributable to AIG (diluted)2
20181.17 20172.34 20160.36
Balance sheet (year-end):
Total assets
2018491,984 2017498,301 2016498,264
Total AIG shareholders’ equity
201856,361 201765,171 201676,300
Key metrics:
Book value per common share
201865.04 201772.49 201676.66
Adjusted book value per common share3
201854.95 201754.74 201658.57
Return on equity (ROE)
20180.0% 2017(8.4)% 2016(1.0)%
Adjusted ROE3
20182.1% 20174.1% 20160.6%
Core Adjusted ROE4
20182.3% 20173.2% 20160.8%
General Insurance:
Net premiums written
201826,407 201725,438 201628,393
Adjusted pre-tax loss5
2018(469) 2017(813) 2016(2,051)
Combined ratio6
2018111.4 2017117.3 2016118.9
Accident year combined ratio, as adjusted7
201899.7 201797.1 201696.0
Life and Retirement:
Premiums and deposits8
201831,206 201727,458 201629,304
Adjusted pre-tax income5
20183,190 20173,831 20163,428
Adjusted ROE4
201812.6% 201712.4% 201610.8%

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange.

1 The non-GAAP financial measures presented herein may not be comparable to similarly-named measures reported by other companies. The reconciliations of such measures to the most comparable GAAP measures in accordance with Regulation G are included within this Annual Report, AIG’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018 (included herein) or in the Fourth Quarter 2018 Financial Supplement available in the Investors section of AIG’s website, www.aig.com.

2 Adjusted after-tax income attributable to AIG and Adjusted after-tax income per common share attributable to AIG (diluted) are reconciled on page 66 of the Annual Report on Form 10-K (included herein).

3 Adjusted book value per common share and Return on equity – adjusted after-tax income excluding AOCI and DTA are reconciled on page 37 of the Annual Report on Form 10-K (included herein).

4 Adjusted ROE for Core and Life and Retirement are defined and reconciled on pages 352 and 354 of this Annual Report.

5 Adjusted pre-tax income is a GAAP measure for General Insurance and Life and Retirement, and is defined on page 41 of the Annual Report on Form 10-K (included herein).

6 Consistent with our definition of adjusted pre-tax income, excludes net loss reserve discount and the portion of favorable or unfavorable prior year reserve development for which we have ceded the risk under retroactive reinsurance agreements and related changes in amortization of the deferred gain.

7 Accident year combined ratio, as adjusted, is reconciled on page 73 in the Annual Report on Form 10-K (included herein).

8 Premiums and deposits is defined and reconciled on pages 352 and 354 of this Annual Report.