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 our investment portfolio and operating expense discipline.

Interest payments totaled $181 million and $165 million in the three months ended March 31, 2024 and 2023, respectively. Excluding interest payments, AIG had operating cash inflows of $700 million in the three months ended March 31, 2024 compared to operating cash inflows of $662 million in the prior year period.

Investing Cash Flow Activities

Net cash provided by investing activities in the three months ended March 31, 2024 was $308 million compared to net cash used in investing activities of $1.5 billion in the prior year period.

Financing Cash Flow Activities

Net cash used in financing activities in the three months ended March 31, 2024 totaled $1.1 billion, reflecting:

•$243 million to pay quarterly dividends of $0.36 per share on AIG Common Stock;

•$22 million to pay quarterly dividends of $365.625 per share on AIG’s Series A Preferred Stock and redemption premiums;

•$1.6 billion to repurchase approximately 23 million shares of AIG Common Stock;

•$68 million paid by Corebridge in the form of quarterly cash dividends on Corebridge common stock to shareholders other than AIG;

•$243 million paid by Corebridge to repurchase approximately 9.5 million shares of Corebridge common stock from shareholders other than AIG;

•$461 million in net outflows from the issuance and repayment of long-term debt; and

•$64 million in net outflows from the issuance and repayment of debt of consolidated investment entities.

Net cash provided by financing activities in the three months ended March 31, 2023 totaled $817 million reflecting:

•$234 million to pay quarterly dividends of $0.32 per share on AIG Common Stock;

•$7 million to pay quarterly dividends of $365.625 per share on AIG’s Series A Preferred Stock;

•$34 million paid by Corebridge in the form ofquarterly cash dividends on Corebridge common stock to shareholders other than AIG;

•$577 million to repurchase approximately 11 million shares of AIG Common Stock;

•$742 million in net inflows from the issuance and repayment of long-term debt; and

•$91 million in net outflows from the issuance and repayment of debt of consolidated investment entities.