AIG Life & Retirement

What AIG Life & Retirement does

Corebridge Financial, Inc. (NYSE: CRBG), formerly AIG Life & Retirement, is a U.S. life insurance and retirement solutions provider that was spun off from American International Group in September 2022. The company is built on a corporate history dating to 1850 and operates through three wholly-owned insurance subsidiaries — American General Life Insurance Company, The United States Life Insurance Company in the City of New York, and The Variable Annuity Life Insurance Company (VALIC) — licensed across all 50 U.S. states, the District of Columbia, the U.K., and Bermuda. As of December 31, 2025, the company reported $385 billion in assets under management and administration, $10 billion in quarterly premiums and deposits, and $52 billion in claims and benefits paid cumulatively over 2021–2025.

The product portfolio spans three pillars: (1) Annuities — registered index-linked annuities, fixed annuities, index annuities, and variable annuities, including the Marketlock indexed annuity; (2) Life Insurance — term life, permanent life, and final expense whole life products, marketed as SimpliNow Legacy and Quality of Life Insurance; and (3) Retirement & Institutional Solutions — employer-sponsored retirement plans (with a non-profit focus through VALIC), participant digital experience, and institutional markets. Supporting the offering is a multi-portal digital infrastructure including the Annuities Account Portal, Life Consumer Portal (Connext), VALIC Retirement Services, SponsorFIT for plan sponsors, and ConsultantDIRECT for retirement plan consultants.

Corebridge generates revenue through recurring insurance premiums, annuity fees and spread income, retirement plan administration and investment management fees, institutional product revenue, and investment income on premium and annuity assets (the asset base is managed internally with the Chief Investment Officer joining from Prudential Financial and previously MetLife). Go-to-market combines direct digital self-service, a financial professional/agent/broker network, employer-direct sales (with a "Get appointed with us" program and dedicated consultant resources), and field-based institutional sales. Customer segments include individuals, financial professionals, employers (especially non-profits), and institutional clients. The retail mutual funds business was divested to Touchstone Investments (Western & Southern Financial Group) in July 2021, and the company has announced a transformational merger with Equitable Holdings in 2026.

Name

AIG Life & Retirement

Legal name

Corebridge Financial, Inc.

Website

https://corebridgefinancial.com

Company type

Public

Founded year

1850

Operating status

Operating

Headcount range

11–50 employees

Short description

Corebridge Financial (formerly AIG Life & Retirement) is a U.S. life insurance and retirement solutions provider offering annuities, life insurance, employer retirement plans, and institutional products to individuals, financial professionals, employer plan sponsors, and institutions.

Ownership category

akta.pro rank

Product category

Life Insurance and Retirement Solutions

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411), Portfolio Management and Investment Advice (523940)

SIC

Life Insurance (6311), Finance Services (6199)

akta.pro primary industry

Annuity & Insurance-Based Retirement Solutions Advisory (FSAEABAH)

akta.pro secondary industries

Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE), Retirement Income Planning & Decumulation Advisory (FSAEABAD)

Keywords

• Life insurance products
• Annuity solutions
• Retirement plan services
• Institutional financial solutions
• Employer retirement plans

Headquarters

HQ city

California

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Life Insurance Premiums: Revenue generated from life insurance products including term life, permanent life, and final expense insurance. Policyholders pay premiums in exchange for death benefit coverage.
2. Annuity Products: Revenue from annuity products including registered index-linked annuities, fixed annuities, index annuities, and variable annuities. Generates fees and spread income from accumulated assets.
3. Retirement Plan Administration: Revenue from managing employer retirement plans for non-profit organizations, including plan management fees and investment management services.
4. Institutional Markets: Revenue from institutional clients seeking financial resilience solutions and organizational financial goals management.
5. Investment Income: Returns generated from investment of premium payments and annuity assets in various investment portfolios.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Corebridge Financial (operating as AIG Life & Retirement) is a major U.S. life insurance and retirement solutions provider offering individual annuities (registered index-linked, fixed, index, and variable), life insurance (term, permanent, and final expense), employer-sponsored retirement plan administration for non-profit organizations, and institutional market solutions. The company serves individuals, financial professionals, employers, plan participants, and institutional clients through digital portals and a national network of advisors.

Product overview

AIG Life & Retirement (operated as Corebridge Financial) is a large U.S. life insurance and retirement solutions provider offering a multi-product portfolio organized into three core pillars: (1) Annuities — including Registered Index-Linked Annuities, Fixed Annuities, Index Annuities, and Variable Annuities (e.g., Marketlock Annuity); (2) Life Insurance — comprising Term Life, Permanent Life, and Final Expense Whole Life products (marketed as SimpliNow Legacy and Quality of Life Insurance); and (3) Retirement & Institutional Solutions — covering Employer Retirement Plans with digital participant tools, Institutional Markets, and Wealth Management. The company operates dedicated web portals (Annuities Portal, Life Consumer Portal, Connext for brokers, SponsorFIT for plan sponsors, ConsultantDIRECT for consultants) enabling different user segments to manage accounts and access services. The AIG Funds retail mutual funds business was divested to Touchstone Investments in July 2021.

Differentiator

Problem solved

Functional benefit

Products and services

• Registered Index-Linked Annuity

Quantifiable outcome

• $385 billion in assets under management and administration as of December 31, 2025
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature5 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Equitable HoldingscoreStrategic or Co-development Partner · 1 January 2026Corebridge Financial and Equitable Holdings announced a transformational merger, uniting two customer-centric cultures. This represents a significant strategic partnership in the life insurance and retirement solutions industry.
• Touchstone Investments (Western & Southern Financial Group)minorOthers · 16 July 2021Effective July 16, 2021, Touchstone Investments acquired select assets of AIG Life & Retirement's Retail Mutual Funds business. Under the purchase agreement, 12 AIG Funds were reorganized and merged into Touchstone funds. This was a divestiture of the mutual fund business.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• MetLife: MetLife is one of the largest US life insurers and retirement solutions providers with group benefits, annuities, and individual life offerings. It shares target customers (employers, individuals, financial professionals) and product categories with Corebridge and serves as a benchmark for scale, distribution depth, and digital platform investment.
• Prudential Financial: Prudential Financial operates large US individual life, annuity, retirement plan, and investment management businesses. Its product mix (annuities, life, employer retirement) and distribution model via financial professionals are closely comparable, and several Corebridge executives previously held senior product/strategy roles at Prudential.

Direct peers

• Equitable Holdings: Equitable Holdings is a top-tier US provider of annuities, life insurance, and retirement plans with overlapping variable/fixed/indexed annuity and life product sets. It is Corebridge's announced transformational merger partner and most direct comparable across both individual retirement and institutional markets.
• Voya Financial: Voya Financial is a US retirement, employee benefits, and investment management company with substantial employer retirement plan and individual annuity businesses. Its retirement plan administration, participant experience, and advisor distribution overlap materially with Corebridge's Retirement Services segment.
• Lincoln Financial: Lincoln Financial (Lincoln National) is a leading US provider of annuities, life insurance, and employer-sponsored retirement plans with overlapping variable, fixed, and indexed annuity products. The company competes directly with Corebridge in retail annuity distribution and group retirement markets.
• Brighthouse Financial: Brighthouse Financial is a US-focused annuity and life insurance carrier spun off from MetLife, with a heavy concentration in variable, fixed-indexed, and shield annuity products. Its retirement-focused product portfolio and similar target customer base (financial professionals and employer plans) make it a direct competitor to Corebridge's individual retirement segment.
• TIAA: TIAA is a leading US provider of retirement solutions and annuities concentrated in the non-profit, academic, and healthcare employer markets, with deep institutional retirement plan administration. It directly overlaps with Corebridge's VALIC non-profit employer retirement business and competes in lifetime income products.
• Jackson Financial (Jackson National): Jackson National Life is one of the largest US sellers of individual variable and fixed-indexed annuities, distributed primarily through financial professionals. Its annuity-centric product mix, multi-channel distribution model, and large in-force variable annuity block compete directly with Corebridge's Individual Retirement business.

Emerging players

• EquiTrust Life Insurance: EquiTrust is a US-domiciled life and annuity carrier focused on fixed annuity and indexed life insurance products distributed through financial professionals. While smaller than Corebridge, it is a relevant niche competitor in fixed and indexed annuity categories served by Corebridge's Individual Retirement segment.
• Athene Holding (Apollo): Athene is a leading US fixed and fixed-indexed annuity specialist owned by Apollo, operating primarily through reinsurance and retail distribution. Its rapid growth in spread-based annuity accumulation and partnership with Apollo's investment platform make it a relevant comparable and increasingly competitive force in the indexed/registered index-linked annuity categories Corebridge sells.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/corebridgefinancial

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AIG Life & Retirement