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3 months ago

Version History

Version 23 months ago

What changed: Added details regarding market reaction, noting a 2.5% decline in Corebridge shares during extended trading.

Version 13 months ago

What changed: Added the specific transaction closing date (May 7), clarified the five-year strategic duration, and highlighted AIG's pivot to a focused property & casualty insurance model.

StocksMediumUpdated×2•Originally published 5 May 2026•Updated 6 May 2026•

1 min read

AIG Exits Corebridge Stake for $710M as iA Financial Hikes Dividend by 11%

Key Facts

1AIG agreed to sell approximately 25 million shares of Corebridge Financial common stock for net proceeds of about $710 million.

2iA Financial Corporation announced an 11% increase in common share dividends to $1.1000 per share.

American International Group (AIG) has agreed to sell its remaining 25 million shares in Corebridge Financial, generating approximately $710 million in net proceeds. This sale marks the completion of AIG's five-year strategy to exit the life and retirement business and focus exclusively on property & casualty (P&C) insurance. Following the announcement, Corebridge shares dropped 2.5% in extended trading as the market reacted to the final divestment. Meanwhile, iA Financial Corporation has increased its quarterly dividend by 11% to $1.1000 per share, following robust Q1 2026 results. These strategic shifts underscore a broader trend of capital optimization and corporate refocusing within the global insurance industry. Investors are now closely watching how AIG utilizes this liquidity to strengthen its core operations.

Sources:

businesswire.com

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