AIG recognized a loss of $4.7 billion as a result of Corebridge deconsolidation driven by a gain of $2.5 billion from Corebridge assets retained offset by the recognition of an accumulated other comprehensive loss (AOCL) of $7.2 billion, which represents the proportional recognition of the remaining 48.4% ownership stake of AOCL of Corebridge as of June 9, 2024.
For the second quarter of 2024, net loss attributable to AIG common shareholders was $4.0 billion, or $5.96 per diluted common share, compared to net income of $1.5 billion, or $2.03 per diluted common share, in the prior year quarter. The decrease was primarily driven by the recognition of $4.7 billion loss as a result of Corebridge deconsolidation.

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