American International Group Inc.
American International Group Announces Sale of Corebridge Shares to Nippon Life
Summary
On May 16, 2024, American International Group, Inc. (AIG) entered into a stock purchase agreement to sell 121,956,256 shares of Corebridge Financial, Inc.'s common stock to Nippon Life Insurance Company for $3.838 billion. The transaction is subject to regulatory approvals. In connection with the transaction, AIG also amended its Separation Agreement with Corebridge Financial, Inc.
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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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