AIG delivers strong Q2 results off exiting life and retirement unit
August 8, 2023 by John Hilton
American International Group continues a slow offload of its life and retirement unit, a business that delivered crucial second-quarter premiums and deposits exceeding $10 billion.
The life and retirement business, now known as Corebridge Financial, saw a 42% increase in premium and deposits compared to the prior-year quarter. The business delivered adjusted pretax income of $991 million, up 33% from the prior year quarter.
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Originally Posted at InsuranceNewsNet on August 2, 2023 by John Hilton.
Categories: Industry Articles