Streetbeat News

AIVAF

Aviva Plc

https://www.aviva.com/

CEO

Maurice Tulloch

Employees

29,600

Industry

Direct Life Insurance Carriers

Open

6.50

Mkt cap

16B

Volume

203

High

6.50

P/E Ratio

9.90

52-wk high

6.78

Low

5.84

Div yield

0.07

52-wk low

5.12

AIG sold 120 million shares of Corebridge Financial to Nippon Life for $3.8 billion, reducing its stake to 9.9%. The deal aligns with AIG's strategy to reduce its life and retirement business stake. AIG shares rose by 0.89% and Corebridge shares by 10.44% following the announcement.

Portfolio Pulse from Akanksha Bakshi

May 16, 2024 | 2:18 pm

Corebridge Financial Inc (NYSE:CRBG) has agreed to sell its UK life insurance business, AIG Life Limited, to Aviva PLC (OTC:AIVAF) for £460 million in cash. The sale is expected to close in H1 2024, subject to regulatory approvals. This move is part of Corebridge's strategy to focus on its core US portfolio. As of June 30, 2023, the company's liquidity stood at $1.6 billion.

Portfolio Pulse from Lekha Gupta

September 25, 2023 | 9:46 am

Corebridge Financial has agreed to sell its UK life insurance division to Aviva for £460 million. The deal is expected to close in the first half of 2023.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 7:01 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.