Three Months Ended March 31, (in millions, except ratios)		2010		2009



Earnings:
	Pre-tax income (loss)^(a):	$	834	$	(6,548	)
	Add – Fixed charges		2,128		3,182

Adjusted Pre-tax income (loss)			2,962		(3,366	)

Fixed charges:
	Interest expense	$	1,843	$	2,794
	Portion of rent expense representing interest		61		87
	Interest credited to policy and contract holders		224		301

Total fixed charges		$	2,128	$	3,182

	Preferred stock dividend requirements	$	-	$	1,012
Total fixed charges and preferred stock dividend requirements		$	2,128	$	4,194
Total fixed charges, excluding interest credited to policy and contract holders		$	1,904	$	2,881

Ratio of earnings to fixed charges:
	Ratio		1.39		n/a
	Coverage deficiency		n/a		(6,548	)

Ratio of earnings to fixed charges and preferred stock dividends:
	Ratio		1.39		n/a
	Coverage deficiency		n/a		(7,560	)

*Ratio of earnings to fixed charges, excluding interest credited to policy and contract holders^(b)***:
	Ratio		1.56		n/a
	Coverage deficiency		n/a		(6,247	)

(a): From continuing operations, excluding undistributed earnings (loss) from equity method investments and capitalized interest.
(b): The Ratio of earnings to fixed charges excluding interest credited to policy and contract holders removes interest credited to guaranteed investment contract (GIC) policyholders and guaranteed investment agreement (GIA) contract holders. Such interest expenses are also removed from earnings used in this calculation. GICs and GIAs are entered into by AIG's insurance subsidiaries, principally SunAmerica Life Insurance Company and AIG Financial Products Corp. and its subsidiaries, respectively. The proceeds from GICs and GIAs are invested in a diversified portfolio of securities, primarily investment grade bonds. The assets acquired yield rates greater than the rates on the related policyholders obligation or contract, with the intent of earning a profit from the spread.