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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.

29 days ago

Version History

Version 229 days ago

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

Version 129 days 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.