A Significant Move by Corebridge Financial

HOUSTON, November 05, 2025—(BUSINESS WIRE)—Corebridge Financial, Inc. (NYSE: CRBG) has announced that the secondary offering of its common stock by American International Group, Inc. (NYSE: AIG) is priced at $31.10 per share. The offering is anticipated to close by November 6, 2025, pending customary closing conditions.

AIG’s Involvement and Offer Details

Interestingly, it’s AIG who stands as the selling shareholder, having put forth 32.6 million existing shares of common stock from Corebridge Financial. This represents approximately a billion dollars in gross proceeds, all of which are destined for AIG. This offering amounts to a very significant portion of the approximately 520 million total shares outstanding.

Corebridge’s Purchase Plans

Moreover, Corebridge Financial is not merely standing by. The company plans to purchase around $500 million of its common stock from the underwriter at the same per-share rate, net of underwriting discounts. This purchase, intriguingly enough, will utilise cash on hand. However, the completion of this transaction is contingent upon the closing of the initial offering.

Underwriting and Documentation

J.P. Morgan is a rather pivotal player in this scene, acting as the underwriter for the offering. Only via a prospectus and its accompanying supplement shall the common stock be offered. Should one wish to obtain this documentation, it is accessible through J.P. Morgan Securities LLC.

Legal Framework and Securities Registration

It’s essential to mention that a registration statement regarding these securities was filed with the SEC on November 6, 2023. This became effective autonomously. For those interested, the registration statement is freely available from the SEC’s website under ‘Corebridge Financial, Inc.’. It should be noted that this press release doesn’t constitute an actual offer to sell or buy these securities.

About Corebridge Financial

For the unacquainted, Corebridge Financial, Inc. is a heavyweight in the realm of financial services. With assets exceeding $380 billion under management, they are a formidable provider of retirement solutions and insurance products in the U.S. They are known for their partnerships with financial professionals to aid individuals in planning and securing their financial future.

Further Information and Contacts

Those seeking additional details can view the source version on Business Wire. For pressing inquiries or clarifications, contacts include Işıl Müderrisoğlu for investors and Matt Burkhard for media-related concerns.

This development notably underscores the dynamic nature of financial markets, illustrating how strategic financial manoeuvres can substantially impact stakeholders and market perceptions alike.