The insurer elaborated: “The financial management of Corebridge Financial, Inc. after June 9, 2024: (i) AIG has elected the fair value option and, after that date, reflects its retained interest in Corebridge as an investment in AIG’s other invested assets. consolidated condensed balance sheets using Corebridge’s stock price as its fair value, (ii) dividends received from Corebridge and changes in its stock price are recognized in investment income in AIG’s consolidated financial statements, and (iii) AIG’s pre-adjusted net income of tax includes Corebridge Earnings and does not include changes in the fair value of Corebridge’s stock price.
Source link
