AIG Prices $1Bln Corebridge Offering at $31.10/Shr, Generating $1Bln in Gross Proceeds

AIG has priced its $1 billion Corebridge Financial stock offering at $31.10 per share, with the offering expected to close on November 6, 2025. The offering comprises 32.6 million existing shares, with all gross proceeds going to AIG. Corebridge Financial intends to purchase approximately $500 million of common stock from the underwriter, funded by cash on hand. The closing of the purchase is subject to the closing of the offering.