American International Group Inc. may be getting serious offers for its American Life Insurance Company unit.
AXA S.A., Paris, and MetLife Inc., New York, have shown an interest in acquiring ALICO, a subsidiary of AIG, New York, that is domiciled in Delaware, according to Bloomberg.
Representatives for AXA and MetLife declined to comment.
Representatives from AIG were not immediately available to discuss the report.
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ALICO reported $737 million in net income in 2007 on about $33 billion in net premiums written, according to Highline Data, a unit of Summit Business Media L.L.C., New York.