Thursday, November 7, 2024
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AIG releases earnings – Corebridge affect defined


The insurer elaborated: “Corebridge Monetary, Inc. accounting therapy after June 9, 2024: (i) AIG elected the honest worth possibility and, after that date, displays its retained curiosity in Corebridge as an fairness technique funding in different invested belongings in AIG’s condensed consolidated stability sheets utilizing Corebridge’s inventory value as its honest worth, (ii) dividends obtained from Corebridge and modifications in its inventory value are acknowledged in web funding revenue in AIG’s condensed consolidated monetary statements, and (iii) AIG’s adjusted pre-tax revenue contains Corebridge dividends and excludes modifications within the honest worth of Corebridge’s inventory value.

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