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insurance

AIG Agrees to Sell Remaining Corebridge Stake for $710 Million

May 6, 2026
1 source
Insurance Journal
AIG Agrees to Sell Remaining Corebridge Stake for $710 Million

Story Summary

On Tuesday, American International Group announced an agreement to sell approximately 25 million shares of Corebridge Financial for roughly $710 million, finalizing a five-year separation process initiated with an IPO in 2022. CEO Peter Zaffino stated the move focuses AIG on property and casualty insurance. The transaction is scheduled to close on May 7, resulting in a 2.5% drop in Corebridge's share price during extended trading.

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