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AIG releases earnings – Corebridge affect defined

whysavetoday by whysavetoday
November 5, 2024
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AIG releases earnings – Corebridge affect defined
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The insurer elaborated: “Corebridge Monetary, Inc. accounting remedy after June 9, 2024: (i) AIG elected the honest worth choice and, after that date, displays its retained curiosity in Corebridge as an fairness methodology funding in different invested property in AIG’s condensed consolidated steadiness sheets utilizing Corebridge’s inventory worth as its honest worth, (ii) dividends obtained from Corebridge and modifications in its inventory worth are acknowledged in internet funding earnings in AIG’s condensed consolidated monetary statements, and (iii) AIG’s adjusted pre-tax earnings consists of Corebridge dividends and excludes modifications within the honest worth of Corebridge’s inventory worth.

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