Corebridge Financial
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Corebridge Financial - overview
Location
Houston, TX, US
Primary Industry
Insurance
About
Based in New York, US, and founded in 1998, Corebridge Financial, formerly American International Group, Inc. 's life & retirement business (AIG’s Life & Retirement business) operates as a global insurance organization that offers life insurance and retirement services to its customers. In July 2021, Blackstone Group agreed to acquire a 9. 9% minority stake in American International Group, Inc.
's life & retirement business for USD 2. 2 billion in cash. In March 2026, Corebridge Financial and Equitable Holdings, Inc. announced a transformational merger.
The firm's life insurance segment offers solutions such as term life insurance, which provides protection for a set period of time, universal life insurance, which offers a lifetime of coverage, and guaranteed issue whole life insurance, which is an insurance option that requires no medical exam and no health questions, and acceptance is guaranteed between the ages of 50 - 80, while its retirement segment offers retirement and financial planning services for clients in public K-12, higher education, government, healthcare, and other not-for-profit institutions. Additionally, the business offers different types of annuities such as index annuities, which provides protection of a fixed annuity based on the performance of a specific index, variable annuities, which bring together a combination of growth potential, optional income protection, and beneficiary protection features to help clients address retirement challenges, and fixed annuities, which enables clients to customize their retirement income solution with guaranteed interest earnings. Furthermore, the firm offers various retirement services including retirement pathfinder, which allows clients to create a personalized plan, guided portfolio services, which provides objective retirement analysis done by financial experts, education center, which provides insights and articles on life stages, finances, and retirement, and FutureFIT University, which enables clients to expand their knowledge about financial wellness and retirement readiness. The business generated USD 17,275 million as revenue in 2020.
Current Investors
Blackstone Group
Primary Industry
Insurance
Sub Industries
Consulting Services, Financial Services, Life Insurance
Website
www.corebridgefinancial.com/
Verticals
FinTech
Company Stage
Merged
Total Amount Raised
Subscriber access only
Corebridge Financial - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Announced | Corebridge Financial | - | ||||||||
| Sale to Management | Completed | Corebridge Financial | - | ||||||||
| IPO | Completed | Corebridge Financial | - | ||||||||
| Corporate Carve Out | Completed | Corebridge Financial | - |
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