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AXA Equitable (Now Equitable Holdings)
Here is the corporate profile for Corebridge Financial (formerly AIG Life & Retirement) for your LifeInsuranceOpedia glossary.Crucial Note for your Glossary: While the public brand is "Corebridge," the actual policy paper is almost always issued by its primary subsidiary, American General Life Insurance Company. You must index this entry under both names to ensure users can find it.Corporate Overview
Company Name: Corebridge Financial, Inc.
Former Brand: AIG Life & Retirement
Parent Organization: Independent Public Company (Nasdaq: CRBG)
Ownership Status: Originally a subsidiary of American International Group (AIG). AIG spun off the company in 2022 and has been systematically selling down its remaining ownership stake through 2024–2026.
Headquarters: Houston, Texas
Primary Focus: Annuities (Fixed, Index, Variable), Life Insurance (Term, IUL, GUL), and Institutional Markets (Pension Risk Transfer).
Distribution Model: Independent marketing organizations (IMOs), banks, wirehouses, and broker-dealers.
Financial Strength: Rated A (Excellent) by AM Best.
Key Operating Subsidiaries (The "Paper")Your users will likely look for the name written on their policy. Corebridge acts as the holding company, but the policies are issued by:
American General Life Insurance Company (AGL): The primary issuer for most U.S. states.
The United States Life Insurance Company in the City of New York (US Life): The issuer for New York policies.
The Variable Annuity Life Insurance Company (VALIC): Focuses on group retirement (K-12 schools, healthcare, etc.).
Corporate History & The Spin-Off1926–2001: The American General EraThe core chassis of this company is American General Corporation, founded in Houston in 1926.
2001: In a massive consolidation of the industry, AIG acquired American General for approx. $23 billion. This made AIG the largest underwriter of life and annuities in the U.S.
2008–2021: The "AIG Life" EraFollowing the 2008 financial crisis, AIG divested many non-core assets (like ALICO) but retained its U.S. life and retirement division. This division operated simply as "AIG Life & Retirement" for over a decade.2022–Present: The Rebrand & IPOTo separate the volatile property-casualty business (AIG) from the stable life/annuity business, AIG executed a strategic separation.
March 2022: AIG announced the division would be rebranded as Corebridge Financial.
September 2022: Corebridge launched its IPO, trading under the ticker CRBG.
2024 (UK Exit): Corebridge sold its UK subsidiary, AIG Life Limited, to Aviva to focus purely on the U.S. market.
Summary of Corporate ChangesYearEventDetails2001AcquisitionAIG acquires American General, forming the "AIG Life & Retirement" division.2022Rebrand / IPOAIG Life & Retirement is renamed Corebridge Financial and spun off as a public company.2024DivestitureCorebridge sells its UK arm (AIG Life Limited) to Aviva.2025-26SeparationAIG continues to sell down its remaining equity stake, making Corebridge fully independent.Key Data for CSV/Webflow Upload
Entity Type: Holding Company / Stock Life Insurer
NAIC Company Code: 60488 (for American General Life)
State of Domicile: Texas (AGL); New York (US Life)
Predecessor Entities:
AIG Life & Retirement
American General Corporation
USLIFE Corporation (Acquired by American General in 1997)
Would you like me to find the specific customer service phone numbers for the "Orphaned Policy" department? (Since AIG has bought so many companies over the years, many users struggle to find the right number for old policies like "Old Line Life" or "Western National").
