Corebridge Financial Inc

Corebridge Financial, Inc. engages in the provision of retirement solutions and insurance products. It operates under the following business segments: Individual Retirement, Group Retirement, Life Insurance, Institutional Markets, and Corporate and Other. The Individual Retirement segment consists of fixed annuities, fixed index annuities, variable annuities, and retail mutual funds. The Group Retirement segment is composed of record-keeping, plan administrative and compliance services, financial planning and advisory solutions offered to employer defined contribution plans and their participants, along with proprietary and non-proprietary annuities, advisory and brokerage products offered outside of plan. The Life insurance segment's primary products include term life and universal life insurance. The Institutional Markets segment offers SVW products, structured settlement, PRT annuities, and corporate-and bank-owned life insurance. The Corporate and Other segment consists of corporate expenses not attributable to other segments, interest expense on financial debt, results of consolidated investment entities, Institutional asset management business, and results of insurance lines ceded to Fortitude. The company was founded in 1957 and is headquartered in Houston, TX.

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Corebridge Financial excels in Q1 2023, eyes strategic growth

Corebridge Financial's Q1 2023 performance was robust, marked by strong financial metrics and significant growth in premiums and deposits.
Despite facing challenges like delinquent loans and competition, the company's disciplined risk management and strategic focus position it well for the future.
Opportunities lie in optimizing the portfolio, exploring strategic alternatives, and leveraging the strong liquidity and balance sheet of Corebridge.
Investors can be optimistic about Corebridge's performance, given its solid start in 2023 and proactive approach to managing risks and seizing opportunities.

Corebridge Financial delivers exceptional Q2 results, eyes strategic optimization

Corebridge Financial's strong performance in base spread income and record-setting annuity sales positions it well for future growth. However, challenges in the VA and Group Retirement businesses require strategic attention. The company's focus on optimizing the portfolio and achieving targeted financial ratios presents promising opportunities for shareholders.

Corebridge Financial Inc reports robust Q3 performance and strategic shifts

Corebridge Financial Inc's Q3 performance reflects strong growth in key financial metrics and strategic initiatives to unlock shareholder value. While facing seasonal expense impacts and competition challenges, the company is well-positioned to capitalize on growth opportunities in the U.S. life and retirement products market. With a focus on operational efficiency and capital allocation, Corebridge aims for sustained profitability and financial flexibility.

Corebridge Financial Inc posts record earnings, eyes growth opportunities

Corebridge Financial Inc reported strong financial performance in Q4 2023, with record premiums, reduced expenses, and improved profitability. The company's focus on capital return, operational efficiency, and risk management underpins its resilience and growth potential.
Despite facing challenges in interest rate sensitivity and product mix optimization, Corebridge remains well-positioned to leverage opportunities in capital return, pension risk transfers, and business expansion. Continued emphasis on efficiency and growth initiatives will be key for sustained success.
Overall, Corebridge's Q4 earnings call highlighted a solid foundation for future growth, supported by strong financial results, prudent risk management, and a strategic focus on enhancing shareholder value. The company's proactive approach to challenges and opportunities sets the stage for continued success.

Corebridge Financial Inc reports robust Q1 performance and optimistic outlook

Corebridge Financial Inc's Q1 2024 earnings call highlighted strong financial performance, a solid cash position, and positive growth opportunities. While challenges exist in the Life Insurance segment, the company is optimistic about spread products growth and long-term prospects in alternatives.

Corebridge Financial Inc reports robust Q3 performance and growth opportunities

Corebridge Financial Inc delivered a strong Q3 performance with notable growth across key business segments.
The company's focus on organic growth and efficient capital management is enhancing shareholder value.
While facing challenges in sustaining high growth rates, Corebridge has opportunities to capitalize on market potential.
Strategic focus on expense efficiency and operational optimization will be crucial for future success.

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Corebridge Financial, Inc. engages in the provision of retirement solutions and insurance products. It operates under the following business segments: Individual Retirement, Group Retirement, Life Insurance, Institutional Markets, and Corporate and Other. The Individual Retirement segment consists of fixed annuities, fixed index annuities, variable annuities, and retail mutual funds. The Group Retirement segment is composed of record-keeping, plan administrative and compliance services, financial planning and advisory solutions offered to employer defined contribution plans and their participants, along with proprietary and non-proprietary annuities, advisory and brokerage products offered outside of plan. The Life insurance segment offers term life and universal life insurance. The Institutional Markets segment refers to SVW products, structured settlement, PRT annuities, and corporate-and bank-owned life insurance. The Corporate and Other segment consists of corporate expenses not attributable to other segments, interest expense on financial debt, results of consolidated investment entities, Institutional asset management business, and results of insurance lines ceded to Fortitude. The company was founded in 1957 and is headquartered in Houston, TX.

CRBG's Q3 results reflect increased fixed annuity deposits and higher net investment income, partly offset by higher costs resulting from elevated policyholder benefits.

Corebridge Stock Down Despite Q3 Earnings Beat on Fixed Annuity Growth

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that the previously announced secondary offering by American International Group, Inc. (NYSE: AIG) of common stock of Corebridge Financial has priced at $31.20 per share. The offering is expected to close on November 12, 2024, subject to customary closing conditions. AIG, as the selling stockholder, has offered 30 million existing shares of common stock (out of approximately 568 million total shares of common stoc.

Corebridge Financial Announces Pricing of Secondary Offering of Common Stock by AIG

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced the launch of a secondary offering of its common stock by American International Group, Inc. (NYSE: AIG). AIG, as the selling stockholder, is offering 30 million existing shares of common stock (out of approximately 568 million total shares of common stock outstanding) of Corebridge Financial and has granted a 30-day option to the underwriters to purchase up to an additional 4.5 million shares. All of the net proc.

Corebridge Financial Announces Launch of Secondary Offering of Common Stock by AIG

Corebridge Financial shares surged 9% on strong Q3 earnings and higher rates post the election, with a 60% gain over the past year, aided by strong buybacks. The company reported a 32% EPS increase, with $810 million in operating earnings and aggressive capital returns, reducing share count by 8.4%. Corebridge's growth in annuity sales and AUM, particularly in fixed annuities, enhances earnings predictability and reduces hedging complexity.

Corebridge: Solid Q3 Results Point To Ongoing Strong Capital Returns

Corebridge Financial, Inc. (NYSE:CRBG ) Q3 2024 Results Conference Call November 5, 2024 11:00 AM ET Company Participants Isil Muderrisoglu - Head of Investor and Rating Agency Relations Kevin Hogan - President and Chief Executive Officer Elias Habayeb - Chief Financial Officer Conference Call Participants Alex Scott - Barclays Wes Carmichael - Autonomous Research Suneet Kamath - Jefferies Ryan Kruger - KBW Tom Gallagher - Evercore Elyse Greenspan - Wells Fargo Wilma Burdis - Raymond James Josh Shanker - Bank of America Dan Bergman - TD Cowen Operator Hello, everyone, and welcome to the Corebridge Financial, Inc. Third Quarter 2024 Earnings Call. My name is Charlie, and I'll be coordinating the call today.

Corebridge Financial, Inc. (CRBG) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Corebridge (CRBG) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Corebridge (CRBG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Corebridge Financial (CRBG) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.05 per share a year ago.

Corebridge Financial (CRBG) Q3 Earnings Top Estimates

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. ("Corebridge" or the "Company") (NYSE: CRBG) today reported financial results for the third quarter ended September 30, 2024. Kevin Hogan, President and Chief Executive Officer of Corebridge, said, "We had a very strong quarter as Corebridge grew operating earnings per share by 31% year over year to $1.38. At the same time, we returned $848 million to shareholders through dividends and share repurchases, bringing the year-to-date payout ratio.

Corebridge Financial Announces Third Quarter 2024 Results

HOUSTON--(BUSINESS WIRE)--Corebridge Financial and Miami-Dade County Public Schools are commemorating one of the earliest implementations of a 403(b) retirement plan in a public school, dating back to 1964. The Variable Annuity Life Insurance Company (VALIC), a Corebridge Financial company, issued a 403(b) plan sixty years ago this month to a teacher at Coral Gables Elementary who enrolled at $25 per pay period, helping to pioneer 403(b) employer contracts for educators in the United States. “T.

Corebridge Financial and Miami-Dade County Public Schools Celebrate 60 Years of Providing Financial Security to Educators

Corebridge (CRBG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Corebridge Financial (CRBG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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CRBG addresses the rising demand for RILA with the launch of MarketLock Annuity.

Corebridge Enhances Retirement Solutions With MarketLock Annuity

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that it will report third quarter 2024 financial results after the market closes on Monday, November 4, 2024. Corebridge earnings materials will be available in the Investors section of corebridgefinancial.com. Corebridge will host a conference call at 11:00 a.m. EST on Tuesday, November 5, 2024, to review these results. The webcast can be accessed in the Investors section of corebridgefinancial.com, and a replay.

Corebridge Financial Schedules Announcement of Third Quarter 2024 Financial Results

HOUSTON--(BUSINESS WIRE)--Corebridge Financial today announced the launch of Corebridge MarketLock® Annuity, a registered index-linked annuity (RILA) issued by its subsidiary American General Life Insurance Company. MarketLock features a powerful accumulation strategy exclusive to Corebridge, as well as many of the most popular RILA investment strategies sought by financial professionals and their clients. All the investment strategies in the Corebridge RILA offer growth potential and a level o.

Corebridge Financial Launches Registered Index-Linked Annuity (RILA), Becoming the Only Top 3 Annuity Provider with Products in Every Major Category

Corebridge Financial, a former AIG spinoff, sees its price drop near the moving average after an extended bullish period. The firm's diversified product mix across insurance, retirement, and annuities positions it to take advantage of a large market and growth potential. Undervalued vs. key peers, while its 3.4% dividend yield is above the sector average.

Corebridge: Diversified Financial Firm Dip Opportunity As Future Growth Expected

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that its Board of Directors has elected Edward Bousa as an independent director, effective immediately. Mr. Bousa is a highly respected, veteran portfolio manager with over four decades of experience in the mutual fund industry. An acclaimed investment manager, he is well known for his in-depth assessments and analysis of companies across a multitude of sectors. When he retired from Wellington Management Company L.

Corebridge Financial Elects Edward Bousa to Board of Directors

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that Kevin Hogan, President and Chief Executive Officer of Corebridge, will participate in a fireside chat at the Barclays 22nd Annual Global Financial Services Conference at 2:45 p.m. EDT on Tuesday, September 10, 2024. A live webcast can be accessed in the Investors section of corebridgefinancial.com, and a replay will be available shortly after the event. About Corebridge Financial Corebridge Financial, Inc. ma.

Corebridge Financial to Participate in Barclays 22nd Annual Global Financial Services Conference

HOUSTON--(BUSINESS WIRE)--According to new research from Corebridge Financial, many Americans have a good understanding of key life insurance principles, yet nearly 6 in 10 either do not have coverage (50%) or do not know if they do (9%). Misunderstandings around cost could help explain this life insurance coverage gap. While 8 in 10 (80%) Americans correctly recognize that the most affordable time to buy life insurance is when they are young and healthy, the number one reason keeping individua.

Many Americans Know the Basics of Life Insurance, Yet Nearly 60% Either Don't Have Coverage or Are Unsure If They Do

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Corebridge RIA-specific MYGA Now Available through RIA Fintech Platform Corebridge RIA-specific MYGA Now Available through RIA Fintech Platform

Flourish Annuities Expands Annuity Marketplace with Corebridge Financial Partnership

Corebridge Financial, Inc. (NYSE:CRBG ) Q2 2024 Results Conference Call August 1, 2024 10:00 AM ET Company Participants Isil Muderrisoglu - Head of Investor and Rating Agency Relations Kevin Hogan - President and Chief Executive Officer Elias Habayeb - Chief Financial Officer Conference Call Participants Elyse Greenspan - Wells Fargo Ryan Kruger - KBW John Barnidge - Piper Sandler Suneet Kamath - Jefferies Tom Gallagher - Evercore Wes Carmichael - Autonomous Research Joel Hurwitz - Dowling & Partners Mike Ward - Citigroup Operator Good morning. Thank you for attending today's Corebridge Financial's Second Quarter 2024 Earnings Call.

Corebridge Financial, Inc. (CRBG) Q2 2024 Earnings Call Transcript

Corebridge Financial (CRBG) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.04 per share a year ago.

Corebridge Financial (CRBG) Q2 Earnings Top Estimates

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. ("Corebridge" or the "Company") (NYSE: CRBG) today reported financial results for the second quarter ended June 30, 2024. Kevin Hogan, President and Chief Executive Officer of Corebridge, said, "This was another excellent quarter for Corebridge where our diversified business model, strong balance sheet and disciplined execution drove positive results. We continue to create shareholder value as demonstrated by the growth in our earnings and ca.

Corebridge Financial Announces Second Quarter 2024 Results

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (the “Company”) announced today that effective at 10:00 a.m. EDT on July 15, 2024, the U.S. Securities and Exchange Commission declared effective its previously filed Registration Statement on Form S-4 for the exchange of up to $500 million aggregate principal amount of its outstanding 6.050% Senior Notes due 2033 (the “Old Notes”) for a like principal amount of its 6.050% Senior Notes due 2033 (the “New Notes”), which have been registered un.

Corebridge Financial Announces Effectiveness of Form S-4 Registration Statement and Launch of Exchange Offer

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that it will report second quarter 2024 financial results after the market closes on Wednesday, July 31, 2024. Corebridge earnings materials will be available in the Investors section of corebridgefinancial.com. Corebridge will host a conference call at 10:00 a.m. EDT on Thursday, August 1, 2024, to review these results. The webcast can be accessed in the Investors section of corebridgefinancial.com, and a replay.

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