AIG - Public offerings

Onex and AIG to acquire Convex, a leading specialty property and casualty (re)insurer that has delivered industry leading growth and strong underwriting profitability, for $7 billion.Onex to own 63% of Convex, AIG to own 35%, with the balance owned by the Convex management team. AIG to acquire a 9.9% equity stake in Onex and will commit $2 billion to Onex' private equity and credit strategies over the next three years.Transaction leverages Onex' knowledge of Convex and deep expertise in the insurance ecosystem, where Onex has delivered strong historical investment performance.  TORONTO, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Onex Corporation ("Onex") today announced a transformational investme

American International Group, Inc. (NYSE:AIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. (NYSE:CRBG) common stock. AIG, as the selling stockholder, sold 30 million existing shares of common stock (out of approximately 608 million total shares of common stock outstanding) of Corebridge Financial at a public offering price of $29.20 per share, which included a 30-day option to the underwriter to purchase up to an additional 4.5 million shares. The net proceeds of the offering to AIG, after deducting underwriting discounts and commissions and other expenses payable by AIG, were approximately $872 million. Morgan Stanley & Co. LLC acted as

American International Group, Inc. (NYSE:AIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. (NYSE:CRBG) common stock. AIG, as the selling stockholder, sold 35 million existing shares of common stock (out of approximately 630 million total shares of common stock outstanding) of Corebridge at a public offering price of $20.50 per share, which included a 30-day option to the underwriter to purchase up to an additional 5.25 million shares. AIG remains a majority shareholder of Corebridge Financial. The proceeds of the offering to AIG, after deducting underwriting discounts and commissions and other expenses payable by AIG, were approximately $71

American International Group, Inc. (NYSE:AIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. (NYSE:CRBG) common stock. AIG, as the selling stockholder, sold 50 million existing shares of common stock (out of approximately 631 million total shares of common stock outstanding) of Corebridge at a public offering price of $20.50 per share, which included a 30-day option to the underwriters to purchase up to an additional 7.5 million shares. The proceeds of the offering to AIG, after deducting underwriting discounts and commissions and other expenses payable by AIG, were approximately $1.0 billion. All of the net proceeds from the offering will go

Net income per diluted common share was $2.03, compared to $3.43 in the prior year quarter, and adjusted after-tax income attributable to AIG common shareholders* (AATI) per diluted common share was $1.75, the highest quarterly adjusted earnings per share* (EPS) for AIG since 2007, compared to $1.39 in the prior year quarter General Insurance net premiums written (NPW) grew 10% and Commercial Lines NPW grew 14% year-over-year, or 11% and 13%, respectively, on a constant dollar basis and adjusted for the International lag elimination* General Insurance combined ratio was 90.9% and accident year combined ratio, as adjusted* (AYCR) was 88.0%, representing the best second quarter AYCR si

American International Group, Inc. (NYSE:AIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. (NYSE:CRBG) common stock. AIG, as the selling stockholder, sold 74.75 million existing shares of common stock (out of approximately 648 million total shares of common stock outstanding) of Corebridge at a public offering price of $16.25 per share, which included 65 million shares initially offered and the full exercise by the underwriters of their option to purchase an additional 9.75 million shares. The gross proceeds of the offering to AIG, before deducting underwriting discounts and commissions and other expenses payable by AIG, were approximately

General Insurance delivered underwriting income of $502 million, representing the strongest first quarter underwriting results; Commercial Lines net premiums written (NPW) grew 6% year-over-year or 11% on a constant dollar basis and adjusted for the International lag elimination* General Insurance combined ratio of 91.9% improved 1.0 point from the prior year quarter and adjusted accident year combined ratio* (AYCR) of 88.7% improved 0.8 point from the prior year quarter, marking the fifth consecutive year of margin improvement Life and Retirement reported a strong quarter with continued sales momentum and a 60-basis point improvement in base investment yield year-over-year Net in

General Insurance delivered the strongest underwriting profitability AIG has ever achieved as full year 2022 underwriting income nearly doubled to $2.0 billion from the prior year, led by Commercial Insurance that had a combined ratio of 89.6% and an adjusted accident year combined ratio* of 84.5% for full year 2022 General Insurance fourth quarter combined ratio improved 2.5 points from the prior year quarter to 89.9%; full year combined ratio improved 3.9 points to 91.9% General Insurance fourth quarter adjusted accident year combined ratio* (AYCR) of 88.4% improved 1.4 points from the prior year quarter, marking the 18th consecutive quarter of improvement; full year AYCR improved 2.

Successfully completed the initial public offering (IPO) of Corebridge Financial, Inc. (NYSE:CRBG) (Corebridge) common stock, representing 12.4% of the common stock of Corebridge General Insurance combined ratio of 97.3% improved by 2.4 points from the prior year quarter, despite the impact from Hurricane Ian and other natural catastrophes in the quarter General Insurance adjusted accident year combined ratio* of 88.4% improved by 2.1 points from the prior year quarter, led by Global Commercial with 5.9 points of improvement to 83.0% Life and Retirement posted another quarter of strong sales with premiums and deposits of $8.9 billion, up from $7.2 billion in the prior year quarter wi

American International Group, Inc. (NYSE:AIG) today announced the closing of its initial public offering ("IPO") of Corebridge Financial, Inc. (("Corebridge, NYSE:CRBG). The gross proceeds of the offering to AIG, before deducting underwriting discounts and commissions and other expenses payable by AIG, were approximately USD 1.7 billion. Corebridge's common shares began trading on the New York Stock Exchange on September 15, under the ticker symbol "CRBG." J.P. Morgan acted as Global Coordinator and a Lead Active Bookrunner for the offering. Morgan Stanley and Piper Sandler also acted as Lead Active Bookrunners for the offering. BofA Securities, Citigroup and Goldman Sachs & Co. LLC acted

American International Group, Inc. (NYSE:AIG) today announced that it has priced the initial public offering ("IPO") of Corebridge Financial, Inc. ("Corebridge," previously "SAFG Retirement Services, Inc.") at USD 21 per share, and expects trading to begin tomorrow, Sept. 15, 2022. The offering is expected to close on Sept. 19, 2022, subject to customary closing conditions. AIG, as the selling stockholder, is offering 80 million existing shares of common stock (out of 645 million total common shares) of Corebridge, corresponding to approximately USD 1.7 billion of gross proceeds. The shares will trade on the New York Stock Exchange under the ticker symbol "CRBG." AIG has also granted a 30

American International Group, Inc. (NYSE:AIG) today launched the initial public offering ("IPO") of its majority-owned subsidiary, Corebridge Financial, Inc. ("Corebridge," previously "SAFG Retirement Services, Inc."). AIG, as the selling stockholder, is offering 80 million shares of common stock (out of 645 million total common shares) of Corebridge and has granted a 30-day option to the underwriters for the purchase of up to an additional 12 million shares of common stock. The IPO price is currently expected to be between USD 21 and USD 24 per share. All of the net proceeds from the offering will go to AIG. The shares are expected to trade on the New York Stock Exchange under the ticker

American International Group, Inc. (NYSE:AIG) ("AIG") today announced that Corebridge Financial, Inc. ("Corebridge"), its majority-owned subsidiary, issued and sold $1.0 billion of 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2052 (the "Notes"). Corebridge intends to use the net proceeds from this offering to repay a portion of the remaining $1.9 billion outstanding principal balance of the $8.3 billion promissory note previously issued by Corebridge to AIG. In connection with the issuance of the Notes, the commitments under the 3-Year Delayed Draw Term Loan Agreement, dated as of February 25, 2022, among Corebridge, the lenders party thereto and JPMorgan Chase Bank, N.A

General Insurance combined ratio of 87.4% improved by 5.1 points from the prior year quarter and was the first sub-90% combined ratio in over fifteen years General Insurance adjusted accident year combined ratio* of 88.5% improved by 2.6 points from the prior year quarter Global Commercial Lines adjusted accident year combined ratio* of 85.3% improved by 4.0 points from the prior year quarter Global Commercial Lines Net Premiums Written (NPW) growth of 5% (8% on a constant dollar basis) Life and Retirement posted its second consecutive quarter with more than $1.3 billion in fixed annuity deposits and overall positive net flows Net income per diluted common share was $3.78 compare

Significant progress on Life and Retirement separation from AIG, with key steps taken toward the establishment of a standalone capital structure, public filing of the S-1 registration statement, Corebridge Financial, Inc. (Corebridge) brand debut and strong independent additions to the Corebridge Board of Directors Announced asset management relationship with BlackRock to manage up to $150 billion of liquid assets for AIG and Corebridge General Insurance combined ratio of 92.9% improved by 5.9 points from the prior year quarter General Insurance adjusted* accident year combined ratio of 89.5% improved by 2.9 points from the prior year quarter Net income per diluted common share was

American International Group, Inc. (NYSE:AIG) today announced that Sabra Purtill, 59, has been appointed Executive Vice President and Chief Investment Officer for its Life & Retirement business (to be rebranded as Corebridge Financial, Inc. following its Initial Public Offering), effective immediately. In her new role, Ms. Purtill will report to Kevin Hogan, Executive Vice President, Chief Executive Officer, Life & Retirement, and she has joined the Life & Retirement Executive Leadership Team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220411005729/en/Sabra Purtill (Photo: Business Wire) "Sabra has made significant and valuab

American International Group, Inc. (NYSE:AIG) today announced Directors for the Board of Directors (Board) of Corebridge Financial, Inc. as it continues to prepare its Life & Retirement business to be a standalone company. "Demonstrating another important milestone toward the separation of Life & Retirement from AIG, I am pleased to announce a group of accomplished, experienced and highly credible Directors for Corebridge Financial, the previously announced new name for this business," said Peter Zaffino, Chairman & Chief Executive Officer of AIG. "We are committed to exceptional corporate governance, which starts with Directors who bring diverse perspectives, experiences, backgrounds, and

General Insurance net premiums written grew 7% in the fourth quarter of 2021 compared to the prior year quarter and 13% for the full year driven by Global Commercial Lines growth of 13% in the fourth quarter and 18% for the full year General Insurance combined ratio in the fourth quarter of 2021 improved by 10.4 points from the prior year quarter to 92.4% and, on an as adjusted* basis, improved by 3.1 points to 89.8% Net income per diluted common share in the fourth quarter of 2021 was $4.38, compared to a net loss per common share of $0.07 in the prior year quarter, and adjusted after-tax income* (AATI) per diluted common share was $1.58, an increase of 68% from $0.94 in the prior yea

Appointments Position AIG for Continued Success and Enhance Life & Retirement's IPO Readiness - Mark Lyons to Become Global Chief Actuary & Head of Portfolio Management, AIG - Shane Fitzsimons to Become Chief Financial Officer, AIG - Elias Habayeb Named Chief Financial Officer, Life & Retirement - Elaine Rocha Named Global Chief Investment Officer, AIG - Ted Devine Joins AIG as Global Head of AIG 200 American International Group (NYSE:AIG) today announced senior leadership changes that further position the organization to deliver strong financial and operational performance over the long term and enhance its leadership team as part of the separation of the Life & Retirement business.

General Insurance net premiums written grew 24% with Commercial Lines and Personal Insurance growth of 16% and 45%, respectively, from the prior year quarter Net income per diluted share of $0.11 compared to a loss of $9.15 in the prior year quarter and adjusted after-tax income attributable to AIG common shareholders* (AATI) per diluted share of $1.52 increased from $0.64 in the prior year quarter On July 14, 2021 AIG entered into a strategic partnership whereby Blackstone agreed to purchase a 9.9% equity stake in AIG's Life and Retirement Business for $2.2 billion in cash, manage specified Life and Retirement assets in the future, and separately purchase affordable housing assets for

General Insurance adjusted pre-tax income (APTI) increased 69% from the prior year quarter reflecting better underwriting results Commercial Lines net premiums written grew 25% (22% on a constant dollar basis) from the prior year quarter driven by both North America and International Life and Retirement APTI increased 57% from the prior year quarter supported by diverse products and improving market conditions Repurchased approximately $362 million of AIG common stock during the quarter FIRST QUARTER NOTEWORTHY ITEMS General Insurance APTI of $845 million included better underwriting results and higher net investment income; the combined ratio was 98.8, a 2.7 point improvement fr

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Lisa M. Buckingham will join the company in April 2021 in the newly created role of Executive Vice President, Global Head of AIG Enterprise Design and Life & Retirement Separation Initiatives. Based in New York, Ms. Buckingham, 55, will report to President and Chief Executive Officer, Peter Zaffino. “AIG is undergoing transformative change and actively designing a simpler and more effective corporate structure as we pursue a separation of the Life & Retirement business from AIG through an initial public offering or sale of up to 19.9 percent, as an initial step,” Mr. Zaffino said. “Lisa