Corebridge Financial, Inc.

Is Corebridge owned by AIG?

Not anymore. AIG spun off Corebridge in a September 2022 IPO and has since sold most of its stake. As of the end of 2025, Nippon Life is the largest shareholder at roughly 24.6%, Blackstone holds about 12.5%, and AIG retains approximately 10.1%.

Is Corebridge Financial publicly traded?

Yes. Corebridge trades on the New York Stock Exchange under the ticker CRBG. Its September 2022 IPO was the largest U.S. listing of that year.

What does Corebridge do?

Corebridge sells annuities, employer retirement plans, life insurance, and institutional products like pension risk transfer. It operates through insurance subsidiaries including American General Life, VALIC, and United States Life.

Who is the CEO of Corebridge?

Marc Costantini became President and CEO on December 1, 2025. He succeeded Kevin Hogan, the founding CEO who led the company through its separation from AIG and transitioned to a special advisor role.

Where is Corebridge headquartered?

Corebridge Financial is headquartered in Houston, Texas, carrying over the location of the former AIG Life and Retirement business.

The companies that became Corebridge accumulated inside AIG over six decades. AIG acquired American General Corporation in 2001, bringing American General Life Insurance, VALIC, and USL under its umbrella and forming the core of what would later be called AIG Life and Retirement.

After the 2008 bailout, AIG spent a decade simplifying, and by 2019 it began separating the life and retirement business as a distinct entity. The plan was originally a full spin-off; instead, in November 2021 AIG sold a 9.9% stake to Blackstone, which also signed a long-term asset management agreement covering a growing share of the portfolio. That partnership structure became the template for the standalone company.

Corebridge Financial priced its IPO on September 15, 2022, at $21 per share, the largest U.S. IPO of that year, and listed on the NYSE as CRBG. AIG remained the controlling shareholder initially and then steadily sold down. The landmark step came in December 2024, when Nippon Life purchased a 21.6% stake from AIG for approximately $3.8 billion, becoming the largest shareholder at roughly a quarter of the company. AIG's remaining position fell to about 10%, completing the transition from controlled subsidiary to widely held company.

Kevin Hogan, who had led the business inside AIG since before the separation, served as Corebridge's first CEO and shepherded the IPO and the AIG sell-down. In December 2025 he handed the role to Marc Costantini, a veteran executive from the insurance and asset management sector, and moved to a special advisor role. Fiscal 2025 closed with record sales of $41.7 billion in premiums and deposits, a 110% capital return payout ratio, and an adjusted operating EPS of $4.42.

Corebridge publishes corporate responsibility reporting focused on financial inclusion, community investment in Houston and its operating cities, and workforce metrics. As a young standalone company its ESG disclosures are still maturing relative to long-listed peers; the material ethical dimensions are suitability standards for annuity sales and fiduciary conduct in retirement plans, where it operates under SEC and DOL conduct rules.

Corebridge carries some inherited history: predecessor entities inside AIG faced state market conduct examinations and suitability actions common to large annuity sellers, and the AGL/VALIC franchise was among the units touched by AIG's legacy conduct settlements in the 2000s. Since the spin-off, scrutiny has centered on the industry's broader debate over annuity sales practices, index-linked product complexity, and private credit's growing share of insurer balance sheets, where Corebridge's outsourced model draws analyst questions rather than regulatory findings.