AIG · 10-Q · 2026Q2 · Full report
Corebridge Share Disposition
AMERICAN INTERNATIONAL GROUP, INC. · 2026-08-07 · Importance 47 · Surprise 60 · Matches filing data
AIG sold its remaining interest in Corebridge on May 7, 2026 after changing the investment’s accounting classification from the equity method to an equity security at fair value on March 31, 2026. AIG reported an investment in Convex of $2.188 billion at June 30, 2026, compared with zero at December 31, 2025, reflecting a significant change in other invested assets. Total other invested assets increased to $6.841 billion from $6.696 billion, while alternative investments declined to $3.048 billion from $3.456 billion and the retained Corebridge investment declined from $1.512 billion to zero.
Key facts
- In May 2026 AIG sold 25.5 million shares of Corebridge common stock at $27.90 per share for aggregate proceeds of approximately $710 million, representing AIG's remaining interest in Corebridge. source
- In February 2026 AIG sold 24.7 million shares of Corebridge common stock at $30.42 per share for aggregate proceeds of $750 million. source
- On February 17, 2026 Corebridge purchased 24.7 million shares of Corebridge common stock from AIG at a per share purchase price of $30.42. source
- On May 7, 2026 AIG sold 25.5 million shares of Corebridge common stock at a per share price of $27.90, representing AIG's remaining interest in Corebridge. source
- On March 23, 2026 the two remaining AIG designees resigned from Corebridge's board of directors and as of March 31, 2026 AIG concluded it no longer had the ability to exert significant influence over Corebridge, changing recognition from equity method investment to equity security at fair value. source
- Retained investment in Corebridge using fair value option at December 31, 2025: $1,512 million; at June 30, 2026: $0. source
- AIG sold its remaining interest in Corebridge on May 7, 2026. source
- We adjust for the cumulative unrealized gains and losses related to Fortitude Re funds withheld assets since these fair value movements are economically transferred to Fortitude Re. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +0.5% | In February 2026 AIG sold 24.7 million shares of Corebridge common stock at $30.42 per share for aggregate proceeds of $750 million. |
| cash | positive | realized | +0.4% | In May 2026 AIG sold 25.5 million shares of Corebridge common stock at $27.90 per share for aggregate proceeds of approximately $710… |