Of course, it's going to go towards stock buy backs to pump shareholder value while we are struggling in the trenches doing WAY MORE with WAY LESS. WTF?!
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After the Nippon close, AIG continues to hold approx. 20% of CRBG stock worth $3.7 to $3.9b. AIG’s goal is to own approx. 9.9% of CRBG. It’s likely that much of the VA transaction proceeds, over time, will go to buying back stock on either the open market or directly from AIG. Kevin and Elias regularly speak about shareholder value, near and long term, in the quarterly earnings calls. Organic growth supported by strategic product & technology investments, acquisition/divestiture opportunities, stock buy backs, and dividends are part of the mix.