AIG sells 24.65M CRBG shares (49.2% of holdings) at $30.42 for $750.0M on 2026-02-12
American International Group, a 10% owner of Corebridge Financial, divested 24,654,833 shares on 2026-02-12, reducing its stake from 50,111,853 shares to 25,457,020 shares (a 49.2% reduction). The sale occurred at $30.42 per share, yielding $750,000,019.86, with the stock currently trading -15.4% from its 52-week high of $35.94. Corebridge faces headwinds: annual revenue declined 1.6% year-over-year, and the company posted negative full-year net income despite latest-quarter revenues of $5,416,000,000. AIG's prior five trades at CRBG show a mixed track record—only 2 of 5 prior sells were well-timed at the 90-day mark—and his cross-ticker sell history averaged 90d returns of 6.6% (meaning stocks generally rose after his sales, indicating his timing has been poor on average). This large reduction of a controlling stake warrants examination of whether AIG's exits reflect deteriorating fundamentals or broader portfolio rebalancing objectives.