ananan Altria Altria Altria Company Company Company an Altria Company ananan Altria Altria Altria Company Company Company | Inc. Altria Group, Report 2020 Annual an Altria Company From tobacco company To tobacco harm reduction company ananan Altria Altria Altria Company Company Company an Altria Company ananan Altria Altria Altria Company Company Company an Altria Company Altria Group, Inc. Altria Group, Inc. | 6601 W. Broad Street | Richmond, VA 23230-1723 | altria.com 2020 Annual Report Altria 2020 Annual Report | Andra Design Studio | Tuesday, February 2, 2021 9:00am Altria 2020 Annual Report | Andra Design Studio | Tuesday, February 2, 2021 9:00am Dear Fellow Shareholders March 11, 2021 Altria delivered outstanding results in 2020 and made steady progress toward our 10-Year Vision (Vision) despite the many challenges we faced. Our tobacco businesses were resilient and our employees rose to the challenge together to navigate the COVID-19 pandemic, political and social unrest, and an uncertain economic outlook. Altria’s full-year adjusted diluted earnings per share (EPS) grew 3.6% driven primarily by strong performance of our tobacco businesses, and we increased our dividend for the 55th time in 51 years. Moving Beyond Smoking: Progress Toward Our 10-Year Vision Building on our long history of industry leadership, our Vision is to responsibly lead the transition of adult smokers to a non-combustible future. Altria is Moving Beyond Smoking and leading the way by taking actions to transition millions to potentially less harmful choices — a substantial opportunity for adult tobacco consumers 21+, Altria’s businesses, and society. To achieve our Vision, we are building a deep understanding of evolving adult tobacco consumer preferences, expanding awareness and availability of our non-combustible portfolio, and, when authorized by FDA, educating adult smokers about the benefits of switching to alternative products. We have seen rapid growth in the oral tobacco category, driven primarily by oral nicotine pouches. We believe on! is well positioned for success with its satisfying range of nicotine strengths and flavors. At year-end 2020, on! was available in more than 78,000 stores nationally, greater than five times the year-end 2019 store count. The heated tobacco category showed encouraging signs of adult smoker interest, though it remains in early stages. PM USA is focused on expanding the availability and awareness of IQOS and Marlboro HeatSticks, communicating to adult smokers the FDA-authorized reduced exposure claim, and bringing the improved IQOS 3 device to market. We believe PM USA has the right approach to maximize its first mover advantage while responsibly positioning the U.S. heated tobacco category for long-term growth and profitability. Strong Traditional Tobacco Businesses Altria’s traditional tobacco businesses delivered strong business performance in 2020. The smokeable products segment grew adjusted operating companies income (OCI) by 10.2%, with continued strength of Marlboro and Black & Mild. The oral tobacco products segment grew adjusted OCI by 7.3%. Segment volume growth was driven by on!, and Copenhagen remains the leading oral tobacco brand and once again delivered strong volume and profit performance. Leading Responsibly Responsibility is core to how we do business and the cornerstone of our Vision. The pursuit of our Vision is about creating a more sustainable enterprise that is aligned with stakeholder expectations for responsibly managing our businesses. In 2020, we performed a materiality assessment to identify the environmental, social and governance (ESG) issues that we believe are critical to Altria’s long-term sustainability and success. These focus areas include: reducing the harm of tobacco products; preventing underage use; protecting the environment; driving responsibility through our value chain; supporting our people and communities; and engaging and leading responsibly. We established multi-year goals for each focus area and will share more this year through a series of issue-specific responsibility reports. Our responsibility efforts are already being recognized. In 2020, Altria was among the top 1% of companies awarded a double ‘A’ rating by CDP for efforts to address climate change and protect water security. Altria also received numerous recognitions for community engagement and inclusion and diversity, including recognition as a Great Place to Work-Certified™ company. We have established a multi- year investment plan behind our commitment to addressing racial and economic inequities and we are working with leading organizations that are advancing black-owned business development and criminal justice reform. Resiliency of Our People Despite the challenges we all faced in 2020, our employees rallied as a team and continued to move Altria forward. Through hard work and dedication, they balanced multiple personal and business priorities while making meaningful contributions to our company and communities. They are leading the way in making Altria a more diverse, inclusive and equitable workplace and the credit for our success belongs to each of them. Thank you, as always, for your continued support of Altria. Thomas F. Farrell II, Chairman of the Board William F. Gifford, Jr., Chief Executive Officer For explanations and reconciliations of adjusted measures to corresponding GAAP financial measures used herein, see Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations in Part II of the enclosed Annual Report on Form 10-K. Altria 2020 10-K | Andra Design Studio | Saturday, February 27, 2021 | 10:00 AM UNITED STATES SECURITIES ANDUNITED EXCHANGE STATES COMMISSION UNITED STATES SECURITIESWashington, AND EXCHANGE D.C. 20549 COMMISSION SECURITIES AND EXCHANGE COMMISSION Washington,FORM D.C.10-K 20549 Washington, D.C. 20549 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 ORFORM 15(d) 10-KOF THE SECURITIES EXCHANGE ACT OF 1934 ☒ ANNUAL REPORT PURSUANT TO SECTIONFor the fiscal 13 yearORFORM 15(d)ended 10-K OFDecember THE SECURITIES 31, 2020 EXCHANGE ACT OF 1934 ☒ ANNUAL REPORT PURSUANT TO SECTIONFor the fiscal 13 yearOR 15(d)endedOR OFDecember THE SECURITIES 31, 2020 EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT ForTO theSECTION fiscal year 13 endedOROR 15(d) December OF THE 31, SECURITIES2020 EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANTFor the TO transition SECTION period 13 from OROR 15(d) OF THE to SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANTFor the TO transition SECTIONCommission period 13 Filefrom OR Number 15(d) OF 1-08940 THE to SECURITIES EXCHANGE ACT OF 1934 For the transitionCommission period Filefrom Number 1-08940 to Commission File Number 1-08940 ALTRIA GROUP, INC. (Exact ALTRIAname of registrant GROUP, as specified INC. in its charter) (Exact ALTRIAname of registrant GROUP, as specified INC. in its charter) Virginia (Exact name of registrant as specified in its charter)13-3260245 (State or Virginiaother jurisdiction of (I.R.S.13-3260245 Employer incorporation(State or Virginiaother or jurisdiction organization) of Identification(I.R.S.13-3260245 Employer No.) 6601incorporation(State West or other Broad or jurisdiction organization) Street, of Richmond, Virginia Identification(I.R.S.23230 Employer No.) incorporation or organization) Identification No.) 6601 West(Address Broad of Street, principal executiveRichmond, offices) Virginia (Zip23230 Code) 6601 West(Address Broad of Street, principal executiveRichmond, offices) Virginia (Zip23230 Code) (Address of principal executive offices) (Zip Code) 804-274-2200 (Registrant’s telephone804-274-2200 number, including area code) Securities(Registrant’s registered telephone pursuant804-274-2200 number, to Section including 12(b) area of the code) Act: Securities(Registrant’s registered telephone pursuant number, to Section including 12(b) area of the code) Act: Title of each class Securities registeredTrading pursuant Symbols to Section 12(b) of Name the Act: of each exchange on which registered Common TitleStock, of $0.33each class 1/3 par value TradingMO Symbols Name ofNew each York exchange Stock on Exchange which registered Common1.000% TitleStock, ofNotes $0.33each due class 1/3 2023 par value TradingMO23AMO Symbols Name ofNew each York exchange Stock on Exchange which registered Common1.700%1.000% Stock, Notes $0.33 due 1/3 20252023 par value MO23AMO25MO New York Stock Exchange 2.200%1.700%1.000% Notes due 202720252023 MO23AMO27MO25 New York Stock Exchange 3.125%2.200%1.700% Notes due 203120272025 MO31MO27MO25 New York Stock Exchange 2.200% Notes due 2027 MO27 New York Stock Exchange Securities registered3.125% pursuant Notes to Sectiondue 2031 12(g) of the Act: None MO31 New York Stock Exchange 3.125% Notes due 2031 MO31 New York Stock Exchange IndicateSecurities by registered check mark pursuant if the registrantto Section is 12(g) a well-known of the Act: season Noneed issuer, as defined in Rule 405 of the Securities Act. þ Yes ¨ No Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is nota well-known required to season file reportsed issuer, pursuant as defined to Section in Rule 13 405or Section of the Securities15(d) of the Act Act. þ ¨ Yes ¨ þ NoNo Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. þ Yes ¨ No Indicate by check mark whetherif the registrant the registrant is not required(1) has filed to fil alle reports reports pursuant required