Exhibit 99.1

American International Group, Inc., and Subsidiaries

Pro Forma Condensed Consolidated Balance Sheet (Unaudited) June 30, 2010

						Pro Forma Adjustments (a)
(in millions except share data)		Historical				AIA				ALICO				Pro Forma
Assets:
Investments:
Fixed maturity securities:
Bonds available for sale, at fair value		$	315,489			$	(53,263	)		$	—			$	262,226
Bond trading securities, at fair value			27,486				(2,230	)			—				25,256
Equity securities:
Common and preferred stock available for sale, at fair value			11,016				(5,165	)			—				5,851
Common and preferred stock trading, at fair value			5,276				(4,788	)			8,874	(b)			9,362
Other investments			160,735				(9,323	)			152	(c)			163,066
							11,770	(b)
							(268	)(c)
Total investments			520,002				(63,267	)			9,026				465,761
Premiums and other receivables, net of allowance			18,329				(676	)			—				17,653
Reinsurance assets, net of allowance			24,414				(82	)			—				24,332
Deferred policy acquisition costs			28,970				(10,300	)			—				18,670
Current and deferred income taxes			3,999				(4,367	)			(625				(993	)
							(5,974	)(d)
Other assets			38,958				(2,438	)			—				35,904
							(616	)(d)
Separate account assets, at fair value			53,803				(6,894	)			—				46,909
Assets held for sale			162,056								(107,069	)			54,987
Total assets		$	850,531			$	(88,640	)		$	(98,668	)		$	663,223
Liabilities:
Liability for unpaid claims and claims adjustment expense		$	85,604			$	—			$	—			$	85,604
Future policy benefits for life and accident and health insurance contracts			92,949				(45,409	)			—				47,540
Policyholder contract deposits			156,758				(12,697	)			—				144,061
Other liabilities			79,923				(9,833	)			190	(e)			70,280
Federal Reserve Bank of New York credit facility			26,457				(3,509	)(d)			—				22,948
Other long-term debt			108,286				(499	)			—				107,787
Separate account liabilities			53,803				(6,894	)			—				46,909
Liabilities held for sale			142,104				—				(93,468	)			48,636
Total liabilities			745,884				(78,841	)			(93,278	)			573,765
Redeemable noncontrolling interests in partially owned consolidated subsidiaries			1,923				—				—				1,923
AIG shareholders’ equity:
Preferred stock
Series E; $5.00 par value; 400,000 shares issued, at aggregate liquidation value			41,605				—				—				41,605
Series F; $5.00 par value; 300,000 shares issued, at aggregate liquidation value of $7,543			7,378				—				—				7,378
Series C; $5.00 par value; 100,000 shares issued, at aggregate liquidation value of $0.50			23,000				—				—				23,000
Common stock, $2.50 par value; 5,000,000,000 shares authorized, 141,777,208 shares issued			354				—				—				354
Treasury stock, at cost; 6,660,908 shares of common stock			(873	)			—				—				(873	)
Additional paid-in capital			6,297												6,297
Accumulated deficit			(12,120	)			9,861	(f)							789
							(6,908	)(d)			(674	)(d)
Accumulated other comprehensive income			9,829				(2,908	)			(1,230	)			5,691
Total AIG shareholders’ equity			75,470				6,953				1,818				84,241
Noncontrolling interests:
Noncontrolling nonvoting, callable, junior and senior preferred interests held by Federal Reserve Bank of New York			25,567				(16,354	)(g)			(7,206	)(g)			2,007
Other			1,687				(59	)			(154	)			1,287
							(339	)(c)			152	(c)
Total noncontrolling interests			27,254				(16,752	)			(7,208	)			3,294
Total equity			102,724				(9,799	)			(5,390	)			87,535
Total liabilities and equity		$	850,531			$	(88,640	)		$	(98,668	)		$	663,223

See Note 3 to the Pro Forma Condensed Consolidated Financial Statements.

American International Group, Inc., and Subsidiaries

Pro Forma Condensed Consolidated Statement of Income (Unaudited) Six Months Ended June 30, 2010

						Pro Forma Adjustments(a)
(dollars in millions, except share data)		Historical				AIA				ALICO				Pro Forma
Revenues:
Premiums and other considerations		$	25,075			$	(4,808	)		$	-			$	20,267
Net investment income			10,931				(1,588	)			4	(b)			9,368
							21	(b)
Net realized capital gains (losses):
Net other-than-temporary impairments on available for sale securities recognized in income from continuing operations			(1,434	)			30				—				(1,404	)
Other realized capital gains			375				(264	)			—				111
Total net realized capital losses			(1,059	)			(234	)			—				(1,293	)
Other income			4,946				(3	)			—				4,943
Total revenues			39,893				(6,612	)			4				33,285
Benefits, claims and expenses:
Policyholder benefits and claims incurred			21,035				(3,968	)			—				17,067
Policy acquisition and other insurance expenses			7,829				(1,275	)			—				6,554
Interest expense			3,885				(168	)(c)			—				3,717
Other expenses			3,784				(26	)			(7	)			3,751
Total benefits, claims and expenses			36,533				(5,437	)			(7	)			31,089
Income from continuing operations before income tax expense (benefit)			3,360				(1,175	)			11				2,196
Income tax expense (benefit)			(112	)			(199	)			177				264
Income from continuing operations			3,472				(1,374	)			(166	)			2,441
Less:
Net income from continuing operations attributable to noncontrolling interests:
Noncontrolling nonvoting, callable, junior and senior preferred interests held by Federal Reserve Bank of New York			1,027				(758	)(d)			(186	)(d)			83
Other			139				(7	)			4	(b)			160
							24	(b)
Net income from continuing operations attributable to AIG		$	2,306			$	(633	)		$	16			$	1,689
Income from continuing operations per common share attributable to AIG: (e)
Basic		$	3.44											$	2.52
Diluted		$	3.44											$	2.52
Weighted average shares outstanding:
Basic			135,745,903												135,745,903
Diluted			135,807,313												135,807,313

See Note 4 to the Pro Forma Condensed Consolidated Financial Statements.

American International Group, Inc., and Subsidiaries

Pro Forma Condensed Consolidated Statement of Loss (Unaudited) Year Ended December 31, 2009

						Pro Forma Adjustments(a)
(dollars in millions, except share data)		Historical				AIA				ALICO				Pro Forma
Revenues:
Premiums and other considerations		$	54,767			$	(9,264)			$	—			$	45,503
Net investment income			20,373				(5,214)				10	(b)			14,980
							(189)	(b)
Net realized capital gains (losses):
Net other-than-temporary impairments on available for salesecurities recognized in loss from continuing operations			(6,303	)			(372)				—				(6,675	)
Other realized capital gains (losses)			368				(66)				—				302
Total net realized capital losses			(5,935	)			(438	)			—				(6,373	)
Other income			12,918				(4)				—				12,914
Total revenues			82,123				(15,109	)			10				67,024
Benefits, claims and expenses:
Policyholder benefits and claims incurred			52,798				(10,419)				—				42,379
Policy acquisition and other insurance expenses			16,942				(2,528)				—				14,414
Interest expense			15,184				(1,702)	(c)			(304)	(c)			13,178
Other expenses			12,061				(21)				(11)				12,029
Total benefits, claims and expenses			96,985				(14,670	)			(315	)			82,000
Income (loss) from continuing operations before income tax expense (benefit)			(14,862	)			(439	)			325				(14,976	)
Income tax expense (benefit)			(1,500	)			(1,071)				(782)				(3,353	)
Income (loss) from continuing operations			(13,362	)			632				1,107				(11,623	)
Less:
Net income (loss) from continuing operations attributable to noncontrolling interests:
Noncontrolling nonvoting, callable, junior and senior preferred interests held by Federal Reserve Bank of New York			140				404	(d)			50	(d)			594
Other			(1,574	)			(174)				10	(b)			(1,738	)
Net income (loss) from continuing operations attributable to AIG		$	(11,928	)		$	402			$	1,047			$	(10,479	)
Loss from continuing operations per common share attributable to AIG: (i)
Basic		$	(97.72	)										$	(87.01	)
Diluted		$	(97.72	)										$	(87.01	)
Weighted average shares outstanding:
Basic			135,324,896												135,324,896
Diluted			135,324,896												135,324,896

See Note 4 to the Pro Forma Condensed Consolidated Financial Statements.

American International Group, Inc., and Subsidiaries

Note 1 — Basis of Presentation

     The unaudited Pro Forma Condensed Consolidated Statements of Income (Loss) for the year ended December 31, 2009 and the six-month period ended June 30, 2010 give effect to the initial public offering of AIA Group Limited (AIA) and sale of American Life Insurance Company (ALICO) as if they had occurred on January 1, 2009. The unaudited Pro Forma Condensed Consolidated Balance Sheet at June 30, 2010 gives effect to the dispositions as if they had occurred on June 30, 2010. The details of these transactions are described in Item 2.01 of this Current Report.

     The unaudited pro forma condensed consolidated financial statements have been prepared from available information and management estimates in accordance with the requirements of the Securities and Exchange Commission and do not purport to be indicative of the financial condition or results of operations of AIG as of such date or for such periods, nor are they necessarily indicative of future results. However, the pro forma adjustments reflected in the accompanying unaudited pro forma consolidated financial information reflect estimates and assumptions that AIG believes to be reasonable.

Note 2 — Use of Net Cash Proceeds

     Under the limited liability company agreements of AIA Aurora LLC, a special purpose vehicle formed by AIG to hold AIA (AIA Aurora), and ALICO Holdings LLC, a special purpose vehicle formed by AIG to hold ALICO (ALICO Holdings), net cash proceeds from the initial public offering (IPO) of AIA and from the sale of ALICO would be distributed to the members of AIA Aurora and ALICO Holdings, respectively, with distributions made first to the Federal Reserve Bank of New York (FRBNY) in its capacity as holder of the preferred interests in AIA Aurora and ALICO Holdings.

     However, under AIG’s Agreement in Principle to recapitalize AIG (the Recapitalization) with the FRBNY, the United States Department of the Treasury and the AIG Credit Facility Trust, net cash proceeds from the IPO of AIA and from the sale of ALICO will instead be placed into escrow. Upon the closing of the Recapitalization, net cash proceeds from the AIA IPO and from the sale of ALICO will first be loaned to AIG and used to repay amounts owed under the FRBNY credit facility (FRBNY Credit Facility) provided under the Credit Agreement, dated as of September 22, 2008, between AIG and the FRBNY. Any amount of the net cash proceeds remaining after repayment of the FRBNY Credit Facility would then be distributed to the FRBNY to reduce the liquidation preference of the FRBNY’s preferred interests in AIA Aurora and ALICO Holdings as described above. AIG holds the common interests in AIA Aurora and ALICO Holdings and will generally receive distributions only after the preferred interests have received all required distributions.

     If the Recapitalization transactions are not completed, it is expected that the escrow arrangement would terminate and that net cash proceeds would be distributed as originally contemplated by the limited liability company agreements of AIA Aurora and ALICO Holdings. In that case, it is expected that, of the approximately $20.2 billion of net cash proceeds from the IPO of AIA, approximately $16 billion plus accrued, but unpaid, preferred returns would be distributed to the FRBNY as holder of the preferred interests in AIA Aurora, with the balance distributed to AIG as holder of the common interests and used to repay amounts owing under the FRBNY Credit Facility; and that $7.2 billion in net cash proceeds from the sale of ALICO would be distributed to the FRBNY as holder of the preferred interests in ALICO Holdings.

     These pro forma condensed consolidated financial statements do not give effect to the provisions of the Recapitalization Agreement in Principle, as these transactions are subject to negotiation and execution of definitive agreements.

Note 3 — Unaudited Pro Forma AIA and ALICO Adjustments to Condensed Consolidated Balance Sheet

(a)		IPO of AIA reduced AIG’s ownership percentage to approximately 33 percent. Unless otherwise noted, adjustments reflect AIG’s deconsolidation of AIA and elimination of ALICO held for sale balance sheet amounts at June 30, 2010.
(b)		Represents AIG’s retained interest in AIA after the IPO and the portion of proceeds from the sale of ALICO representing equity securities of MetLife.
(c)		Entries to reflect the effects of changes in AIG’s ownership interests held by AIA and ALICO in variable interest entities that result in the deconsolidation or recognition of noncontrolling interests.
(d)		Represents remaining proceeds of $3.5 billion from the AIA IPO applied as a mandatory prepayment of the FRBNY Credit Facility, after reducing the liquidation preference on the preferred interests held by the FRBNY. Also reflects associated write-off of prepaid commitment fee asset.
(e)		Represents amount of liabilities to be retained.
(f)		Represents gains on the AIA IPO and the sale of ALICO. Also includes the reversal of accrued dividends, accretion and residual value on participation interests relating to reducing the liquidation preference on the preferred interests held by the FRBNY.
(g)		Represents the application of cash proceeds from AIA’s IPO and the sale of ALICO to reduce the liquidation preference on the preferred interests held by the FRBNY with the remaining AIA net cash proceeds used to paydown the FRBNY Credit Facility.

Note 4 — Unaudited Pro forma AIA and ALICO Adjustments to Condensed Consolidated Statements of Income (Loss)

(a)		Upon completion of the IPO of AIA, AIG’s ownership percentage was reduced to approximately 33 percent. Unless otherwise noted, adjustments relate to the deconsolidation of AIA from AIG’s results. Results from ALICO are not included in continuing operations herein as ALICO was presented as a discontinued operation.
(b)		Entries to reflect the effects of changes in AIG’s ownership interests held by AIA and ALICO in variable interest entities that result in the deconsolidation or recognition of noncontrolling interests.
(c)		Reflects adjustments to interest expense, including periodic amortization of the prepaid commitment fee asset following the application of proceeds.
(d)		Reflects the effects of the application of cash proceeds on previously recognized preferred interest returns.
(e)		Computed in accordance with AIG’s earnings per share calculation methodology, as set forth in Note 16 to the Consolidated Financial Statements included within AIG’s Form 8-K dated August 6, 2010 after giving effect to pro forma adjustments above.