AIG Files Preliminary Prospectus for ‘Corebridge’ Life & Retirement IPO
March 29, 2022 by Allison Bell
American International Group has given its Life & Retirement business a new name — Corebridge Financial — and filed a preliminary registration for a planned Corebridge stock offering with the SEC.
AIG says it expects to sell a large minority stake in Corebridge, through an initial public offering. The shares sold would trade on the New York Stock Exchange, under the symbol “CRBG.”
AIG is a New York-based insurance giant that ranks 72nd on Fortune’s Fortune Global 500 corporate revenue rankings.
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