AIG entered into a definitive agreement to sell its global individual personal travel insurance and assistance business to Zurich Insurance Group for $600 million in cash plus additional earn-out consideration. The sale is expected to close by the end of 2024, subject to customary closing conditions, including regulatory approvals.

AIG agreed to sell 121,956,256 shares of common stock of Corebridge, representing approximately 20 percent of the issued and outstanding common stock at signing, to Nippon for aggregate consideration of $3.8 billion in cash. The transaction is expected to close in the first quarter of 2025, subject to certain closing conditions, including the receipt of regulatory approvals.

During the nine months ended September 30, 2024, AIG Parent repurchased approximately 65 million shares of AIG Common Stock, for an aggregate purchase price of approximately $4.8 billion.

During the nine months ended September 30, 2024, $509 million of debt categorized as general borrowings matured, was repaid or redeemed.

Changes in interest rates and credit spreads impact AIG's net investment income and ability to reinvest future cash flows at rates equal or greater than the rates on sales and maturities.

Strengthening of the U.S. dollar against the Euro, British pound and the Japanese yen impacts income for our businesses with substantial international operations.

The occurrence of catastrophic events, both natural and man-made, including the effects of climate change, geopolitical events and conflicts and civil unrest.

General Insurance operates in a highly competitive industry against global, national and local insurers and reinsurers and underwriting syndicates in specific market areas and product types.

During the nine months ended September 30, 2024, AIG Parent repurchased approximately 65 million shares of AIG Common Stock, for an aggregate purchase price of approximately $4.8 billion. On November 4, 2024, our Board of Directors declared a cash dividend on AIG Common Stock of $0.40 per share.