Form 8-K · Current Report · Filed 2024-06-25
AIG Deconsolidates Corebridge as Discontinued Operations
American International Group, Inc. (AIG) announced the deconsolidation of Corebridge Financial, Inc. as a discontinued operation, reflecting its historical financial results in AIG's financial statements. This follows AIG's decision to waive its right to majority representation on the Corebridge Board and the resignation of one of AIG's designees. AIG will treat its retained interest in Corebridge as an equity method investment. The financial statements and exhibits provided reflect the impact of this deconsolidation.
- Filer
- American International Group Inc. AIG · NYSE
- Filed
- Accession
- 0000005272-24-000068
- CIK
- 0000005272
- Signal
- Low impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$76.01
Next session
-2.0%
Since filing
+3.4%
Latest close
$78.58
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from AIG reporting the same item, with the next session's move:
Exhibits (1)
About American International Group Inc.
American International Group Inc. is a prominent multinational finance and insurance corporation. Its primary function is to provide a wide array of insurance products and services to clients globally. These offerings include general property and casualty insurance, life insurance, retirement solutions, and other financial services. AIG plays a critical role in the financial market by offering risk management solutions and safeguarding assets for both individuals and businesses. Operating across numerous sectors such as commercial, financial institutions, and personal insurance markets, AIG holds a significant presence in the global insurance landscape. The company is known for tailored products designed to meet diverse customer needs, ranging from small businesses to major corporations. Its broad market reach and longstanding industry experience make it a key player in driving insurance innovation and providing financial security. Founded in 1919 and headquartered in New York City, AIG continues to influence the financial market through strategic leadership and adaptation to changing financial and regulatory environments, consistently working towards strengthening its market position through technological advancements and sustainable practices.
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