AIG To Sell 32.6M Corebridge Financial Shares In Secondary Offering; Corebridge To Repurchase $500M Of Its Stock

Author: Benzinga Newsdesk | November 04, 2025 04:36pm

Corebridge Financial, Inc. (NYSE: CRBG) today announced the launch of a secondary offering of its common stock by American International Group, Inc. (NYSE:AIG). AIG, as the selling stockholder, is offering 32.6 million existing shares of common stock (out of approximately 520 million total shares of common stock outstanding) of Corebridge Financial. All of the net proceeds from the offering will go to AIG.

In addition, Corebridge Financial, Inc. announced that, subject to the completion of the offering, it intends to purchase approximately $500 million of common stock from the underwriter at the same per share price to be paid by the underwriter to AIG, net of underwriting discounts and commissions. Corebridge Financial, Inc. intends to fund the purchase with cash on hand. The closing of such purchase from the underwriter is subject to the closing of the offering. The closing of the offering is not conditioned upon the closing of the purchase from the underwriter.

Posted In: AIG CRBG