Item 8.01. Other Events.
On November 2, 2021, American International Group, Inc. (the "Company")
completed its previously announced sale (the "Transaction") of a 9.9% equity
ownership interest in SAFG Retirement Services, Inc., which is the holding
company for the Company's Life & Retirement business, to Argon Holdco LLC
("Buyer"), a newly formed entity affiliated with Blackstone Inc., subject to the
terms of a stock purchase agreement, dated as of July 14, 2021, by and between
the Company and Buyer (the "Purchase Agreement").
The foregoing description of the Purchase Agreement and the Transaction does not
purport to be complete and is qualified in its entirety by the terms and
conditions of the Purchase Agreement, a copy of which was attached as Exhibit
10.3 to the Company's Quarterly Report on Form 10-Q for the quarter ended June
30, 2021.
On November 2, 2021, the Company issued a press release announcing the
completion of the Transaction. A copy of the press release is attached as
Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference
herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press release of American International Group, Inc., dated November
2, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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