secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN INTERNATIONAL GROUP, INC. (AIG)
CIK:        0000005272
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0000005272-24-000068
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AIG deconsolidates Corebridge as of June 9, 2024; recasts historicals with Corebridge as discontinued operations
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- AIG held 48.4% of Corebridge at deconsolidation; waived majority board representation right, triggering accounting deconsolidation.
- Recast continuing ops income: Q1 2024 $797M; Q4 2023 $862M; adjusted pre-tax income Q1 2024 $1.16B.
- Going forward, AIG will account for its Corebridge stake as equity-method investment at fair value (stock price).
- Corebridge dividends and stock price changes will flow through net investment income; adjusted pre-tax income includes dividends but excludes price changes.
- Remaining AIG segments: General Insurance (unchanged) and Other Operations (no longer includes asset management or Life & Retirement).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/5272/000000527224000068/0000005272-24-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/5272/000000527224000068/aig-20240624.htm
  HTML page:      https://secwatch.observer/filing/0000005272-24-000068

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