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Benzinga
Benzinga
Business
Vandana Singh

AIG Files $20B IPO For Its Life Insurance & Asset Management Business

AIG United States NYSE American International Group Inc Corebridge

American International Group Inc (NYSE:AIG) has filed for an initial public offering of its life and asset management business, reportedly by far the largest to file for a US IPO this year publicly. 

The life and asset management business is known as SAFG, but AIG said it would be rebranded as Corebridge Financial Inc after the IPO. It expects to own more than 50% of Corebridge Financial following its IPO, and it will have approximately $410 billion in assets under management.

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