Corebridge Financial Announces AIG's Secondary Offering of 30M Shares

Corebridge Financial has announced a secondary offering of 30 million shares of common stock by American International Group. All proceeds from the offering will go to AIG, with Morgan Stanley & Co. acting as the underwriter. AIG has also granted a 30-day option to purchase an additional 4.5 million shares.

Corebridge Financial, Inc. (NYSE: CRBG) has announced a secondary offering of 30 million shares of common stock by American International Group, Inc. (NYSE: AIG). The offering, priced at $33.65 per share, is expected to close on August 8, 2025, subject to customary closing conditions [1].

AIG, as the selling stockholder, is offering 30 million existing shares of Corebridge Financial, corresponding to approximately $1.0 billion of gross proceeds. Additionally, AIG has granted a 30-day option to the underwriter, Morgan Stanley & Co. LLC, to purchase up to an additional 4.5 million shares [1, 2].

The net proceeds from the offering will go to AIG. Morgan Stanley & Co. LLC is acting as the underwriter for the offering, which is being made only by means of a prospectus and an accompanying prospectus supplement. Copies of the prospectus and accompanying prospectus supplement relating to the offering may be obtained from Morgan Stanley & Co. LLC via mail at 180 Varick Street, 2nd Floor, New York, NY 10014 [1, 2].

Corebridge Financial, Inc. is one of the largest providers of retirement solutions and insurance products in the United States, with more than $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.theglobeandmail.com/investing/markets/stocks/AIG-N/pressreleases/33935536/corebridge-financial-announces-launch-of-secondary-offering-of-common-stock-by-aig/