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

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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.

Improving premiums, fee and investment income and streamlining initiatives bode well for Corebridge (CRBG).

Here's Why Investors Should Hold Corebridge (CRBG) Stock Now

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced the name change of its long-standing direct-to-consumer life insurance business from AIG Direct to Corebridge Direct. Corebridge Direct offers a simple and convenient approach to help people find life insurance that works for them. Individuals can directly secure coverage by starting online at corebridgedirect.com or by calling the quote hotline at 800-294-4544 to speak with a knowledgeable licensed agent who can.

Corebridge Financial Renames Direct-to-Consumer Life Insurance Business from AIG Direct to Corebridge Direct

Corebridge Financial stock has nearly doubled over the past year due to elevated interest rates and divestitures simplifying its business. AIG has been gradually reducing its stake in Corebridge, with recent sales impacting the stock price, but potential index inclusion could boost demand for shares over time. Corebridge's strong Q1 results, increased market levels, and ongoing capital returns through buybacks should lead to continued earnings growth and share count reduction, making the stock attractive.

Corebridge Financial: Long-Term Positives Outweigh Near-Term AIG Share Sales

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced it has met the requirements for the deconsolidation of Corebridge Financial (NYSE: CRBG) for accounting purposes. The deconsolidation is a result of AIG's decision to waive its right to majority representation on the Corebridge Financial Board of Directors and the resignation of Chris Schaper, Executive Vice President, Global Chief Underwriting Officer, AIG, from Corebridge Financial's Board of Directors.

AIG Completes Deconsolidation of Corebridge Financial

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. (NYSE: CRBG) common stock. AIG, as the selling stockholder, sold 30 million existing shares of common stock (out of approximately 608 million total shares of common stock outstanding) of Corebridge Financial at a public offering price of $29.20 per share, which included a 30-day option to the underwriter to purchase up to an addi.

AIG Announces Closing of Secondary Offering of Corebridge Financial, Inc. Common Stock

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that it has priced the secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock at $29.20 per share. The offering is expected to close on June 3, 2024, subject to customary closing conditions. AIG, as the selling stockholder, has offered 30 million existing shares of common stock (out of approximately 608 million total shares of common stock outstanding) of Corebridge Financial, correspon.

AIG Announces Pricing of Secondary Offering of Corebridge Financial, Inc. Common Stock

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock. AIG, as the selling stockholder, is offering 30 million existing shares of common stock (out of approximately 608 million total shares of common stock outstanding) of Corebridge Financial and has granted a 30-day option to the underwriter to purchase up to an additional 4.5 million shares. All of the net proceeds fr.

AIG Announces Launch of Secondary Offering of Corebridge Financial, Inc. Common Stock

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Credit Ratings (ratings) of the members of Corebridge Financial (Corebridge) remain unchanged following the recently announced definitive agreement whereby American International Group, Inc. (AIG) will sell a 20% share in Corebridge to Nippon Life Insurance Company for approximately USD $3.8 billion in a straight cash transaction. AIG has agreed to maintain a 9.9% ownership stake for two years post-closing of the deal. The members o.

AM Best Comments on Credit Ratings of Members of Corebridge Financial Following Announced Agreement

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Corebridge Financial, Inc. (NYSE:CRBG ) Q1 2024 Earnings Conference Call May 3, 2024 8:30 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 Suneet Kamath - Jefferies John Barnidge - Piper Sandler Wes Carmichael - Autonomous Research Elyse Greenspan - Wells Fargo Ryan Kruger - KBW Thomas Gallagher - Evercore Joel Hurwitz - Dowling & Partners Operator Hello, everyone, and welcome to the Corebridge Financial, Inc. Corporated First Quarter 2024 Earnings Call. My name is Emily, and I will be facilitating your call today.

Corebridge Financial, Inc. (CRBG) Q4 2023 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. ("Corebridge" or the "Company") (NYSE: CRBG) today reported financial results for the first quarter ended March 31, 2024. Kevin Hogan, President and Chief Executive Officer of Corebridge, said, "Corebridge had a very strong start to 2024 with operating earnings per share increasing 13% year over year to $1.10. These results demonstrate how our diversified business model delivers multiple sources of income leading to consistent cash flow gener.

Corebridge Financial Announces First Quarter 2024 Results

HOUSTON--(BUSINESS WIRE)--According to a new survey from Corebridge Financial gauging sentiments about financial knowledge and expertise during National Financial Capability Month, roughly one in three respondents say they did not “get serious” about financial planning until after the age of 35. However, younger generations report they are starting their financial journeys earlier. Nearly half (49%) of baby boomers say they did not seriously start their financial planning until after they turne.

Gen Z Beginning Financial Planning Earlier Than Previous Generations

Rising premiums, investment income and streamlining initiatives bode well for Corebridge (CRBG).

Here's Why Hold Strategy is Apt for Corebridge (CRBG) Stock

MORRISTOWN, N.J.--(BUSINESS WIRE)--Majesco, a global leader in cloud insurance software solutions for insurance business transformation, is excited to announce the Spring '24 Release of its portfolio of software solutions, spearheaded by the revolutionary enhancements of Majesco Copilot. With this update, Majesco reaffirms its position at the forefront of the insurance technology industry, introducing cutting-edge Generative AI (GenAI) and other business capabilities that redefine how insurance.

Cutting-Edge Generative AI Power with Majesco's Copilot Spearheads the Spring '24 Release

SAN RAMON, Calif.--(BUSINESS WIRE)--Armanino brings advanced fund administration services to support private equity and real estate fund management firms optimizing the back-office.

Armanino Introduces Advanced Fund Administration Services to Enhance Private Equity and Real Estate Fund Management

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that it has completed the previously announced sale of its UK life insurance business (operating as AIG Life Limited) to Aviva plc. The transaction allows Corebridge to focus on Life & Retirement products and solutions in the United States. J.P. Morgan Securities LLC acted as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal counsel to Corebridge. About Corebridge Financial Core.

Corebridge Financial Completes Sale of UK Life Insurance Business to Aviva plc

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that it will report first quarter 2024 financial results before the market opens on Friday, May 3, 2024. The Corebridge press release and financial supplement will be available in the Investors section of corebridgefinancial.com. Corebridge will host a conference call at 8:30 a.m. EDT on Friday, May 3, 2024, to review these results. The webcast can be accessed in the Investors section of corebridgefinancial.com, a.

Corebridge Financial Schedules Announcement of First Quarter 2024 Financial Results

In the latest trading session, Corebridge Financial (CRBG) closed at $27.54, marking a +0.04% move from the previous day.

Corebridge Financial (CRBG) Ascends While Market Falls: Some Facts to Note

BB Seguridade Participacoes SA

Investors looking for stocks in the Insurance - Multi line sector might want to consider either Corebridge Financial (CRBG) or BB Seguridade Participacoes SA (BBSEY). But which of these two stocks offers value investors a better bang for their buck right now?

CRBG vs. BBSEY: Which Stock Should Value Investors Buy Now?

Corebridge (CRBG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Corebridge (CRBG) Soars 5.3%: Is Further Upside Left in the Stock?

Corebridge Financial has performed well over the past year, with shares rising about 62% and trading near a 52-week high.

Corebridge: A Favorable Interest Rate Environment Supports Ongoing Upside

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that its Board of Directors elected Deborah Leone as an independent director on March 5, 2024. Ms. Leone is a financial expert and retired partner of the Goldman Sachs Group, Inc., having built a 30-year career at the multinational investment bank and financial services company. She most recently served as Chief Operating Officer for its then Investment Management Division (IMD). In this role, Ms. Leone worked on.

Corebridge Financial Elects Deborah Leone to Board of Directors

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Value investing is essentially about selecting stocks that are cheap but fundamentally sound. GM, UNM, AMG and CRBG boast a low P/CF ratio.

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From a technical perspective, Corebridge Financial (CRBG) is looking like an interesting pick, as it just reached a key level of support. CRBG recently overtook the 20-day moving average, and this suggests a short-term bullish trend.

Corebridge Financial (CRBG) Recently Broke Out Above the 20-Day Moving Average

Investors interested in stocks from the Insurance - Multi line sector have probably already heard of Corebridge Financial (CRBG) and BB Seguridade Participacoes SA (BBSEY). But which of these two stocks is more attractive to value investors?

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