Corebridge Financial: 10% Owner AIG Sells 30M Shares at $33.65/Share

Corebridge Financial, Inc. (CRBG) has announced that its 10% owner, American International Group, Inc., has recently executed a transaction involving the sale of 30 million shares at a price of $33.65 per share on August 6, 2025.

Corebridge Financial, Inc. (NYSE: CRBG) has announced that American International Group, Inc. (NYSE: AIG), a significant owner of the company, has executed a secondary offering of 30 million shares of Corebridge Financial's common stock. The transaction was priced at $33.65 per share and is expected to close on August 8, 2025, subject to customary closing conditions [1].

The offering, facilitated by Morgan Stanley & Co. LLC, will result in approximately $1.0 billion in gross proceeds, with AIG receiving all the net proceeds. AIG has also granted a 30-day option to the underwriter to purchase up to an additional 4.5 million shares [1].

This transaction is part of Corebridge Financial's ongoing efforts to enhance its financial structure and position itself for future growth. The company's recent second-quarter 2025 results, released on August 4, 2025, highlighted strong financial performance, including a 10% increase in adjusted pre-tax operating income and a 20% increase in operating earnings per share [3].

Corebridge Financial continues to be a significant player in the retirement solutions and insurance products market, with over $415 billion in assets under management and administration as of June 30, 2025 [1, 2].

References:
[1] https://www.morningstar.com/news/business-wire/20250806884688/corebridge-financial-announces-pricing-of-secondary-offering-of-common-stock-by-aig
[2] https://www.marketscreener.com/news/corebridge-financial-announces-pricing-of-secondary-offering-of-common-stock-by-aig-ce7c5ededc88f42c
[3] https://investors.corebridgefinancial.com/news/news-details/2025/Corebridge-Financial-Announces-Second-Quarter-2025-Results/default.aspx