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 $581 million and $745 million in the nine months ended September 30, 2024 and 2023, respectively. Excluding interest payments, AIG had operating cash inflows of $3.7 billion, including $104 million outflow from discontinued operations, in the nine months ended September 30, 2024 compared to operating cash inflows of $5.4 billion, including $119 million outflow from discontinued operations, in the prior year period.

Investing Cash Flow Activities

Net cash used in investing activities in the nine months ended September 30, 2024 was $1.0 billion, including $4.2 billion used in discontinued operations, compared to net cash used in investing activities of $4.1 billion, including $2.5 billion from discontinued operations, in the prior year period.

Financing Cash Flow Activities

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 each of the three month periods 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 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

•$4.4 billion in net inflows from discontinued operations.

Net cash used in financing activities in the nine months ended September 30, 2023 totaled $239 million reflecting:

•$748 million to pay dividends of $0.36 per share in the three months ended September 30, 2023 and June 30, 2023, and $0.32 per share for the three months ended March 31, 2023 on AIG Common Stock;

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

•$1.9 billion to repurchase approximately 35 million shares of AIG Common Stock;

•$67 million in net inflows from the issuance and repayment of long-term debt;

•$6 million in net outflows from the issuance and repayment of debt of consolidated investment entities; and

•$1.8 billion in net inflows from discontinued operations.