On the Record · AIG
AIG acquisitions, on the record
The businesses AIG bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Validus Reinsurance, Ltd. (Validus Re)Word for word“Repositioned AIG’s portfolio of businesses for sustainable, profitable growth with the divestitures of Validus Reinsurance, Ltd. (Validus Re) and Crop Risk Services, Inc.” 10-K for 2023 | divestiture | — | — |
Crop Risk Services, Inc.Word for word“Repositioned AIG’s portfolio of businesses for sustainable, profitable growth with the divestitures of Validus Reinsurance, Ltd. (Validus Re) and Crop Risk Services, Inc.” 10-K for 2023 | divestiture | — | — |
Laya Healthcare Limited (Laya)Word for word“an increase in Net (gain) loss on divestitures and other from a loss of $82 million in 2022 to a gain of $643 million in 2023, primarily due to the sale of Laya Healthcare Limited (Laya);” 10-K for 2023 | divestiture | 2023 | gain of $643 million in 2023 |
Affordable Housing portfolioWord for word“lower net gains on divestitures and other due to loss of $82 million in 2022 compared with net gains on divestitures and other in 2021 due to the recognition of $3.0 billion gain from the sale of the Affordable Housing portfolio and $102 million gain from the sale of certain assets of the Retail Mutual Funds business in 2021;” 10-K for 2023 | divestiture | 2021 | $3.0 billion gain |
Corebridge Financial, Inc. (Corebridge) common stock, 9.9 percent interest sold to BlackstoneWord for word“higher income attributable to noncontrolling interest of $507 million driven by the sale of 9.9 percent interest of Corebridge to Blackstone in December 2021 and the 12.4 percent initial public offering (IPO) of Corebridge in September 2022.” 10-K for 2023 | divestiture | December 2021 | — |
CorebridgeWord for word“Deconsolidated Corebridge from AIG and reduced AIG's ownership of Corebridge common stock to 22.7 percent as of December 31, 2024 for aggregate gross proceeds of $6.0 billion through various sale transactions.” 10-K for 2024 | divestiture | — | aggregate gross proceeds of $6.0 billion through various sale transactions |
global individual personal travel insurance and assistance businessWord for word“Divested global individual personal travel insurance and assistance business for $600 million plus additional earn-out consideration, further enhancing AIG's financial flexibility and sculpting our portfolio of businesses.” 10-K for 2024 | divestiture | — | $600 million plus additional earn-out consideration |
global individual personal travel insurance and assistance business sold to Zurich Insurance GroupWord for word“On December 2, 2024, AIG completed the sale of its global individual personal travel insurance and assistance business to Zurich Insurance Group.” 10-K for 2024 | divestiture | On December 2, 2024 | — |
Crop Risk Services, Inc. (CRS)Word for word“Net premiums written decreased by $3.0 billion driven by the sales of AIG Re and CRS, partially offset by growth in Casualty.” 10-K for 2024 | divestiture | — | — |
Everest Group, Ltd. global retail commercial insurance portfolios (renewal rights)Word for word“Strategic Transactions • Acquired the renewal rights of Everest Group, Ltd. (Everest) global retail commercial insurance portfolios for an aggregate purchase price of $301 million.” 10-K for 2025 | acquisition | — | $301 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $0 | $0 |
| 2017-12-31 | $0 | $4 million |
| 2018-12-31 | $5.72 billion | $2.54 billion |
| 2019-12-31 | $0 | $20 million |
| 2020-12-31 | $0 | — |
| 2023-12-31 | — | $408 million |
Deal filings since 2016
- 2024-09-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-06-13 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2024-06-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-05-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-09-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-05-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-03-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-11-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-07-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-11-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-06-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2019-12-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-11-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-01-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-06-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-06-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-02-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-12-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-08-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-07-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-02-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from AIG’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.