Track market-moving stories before they get noisy

Corebridge Financial, Inc. (CRBG) Presents at KBW Insurance Conference 2026 Transcript

Bank of New York Mellon Corp purchased a new position in Corebridge Financial, Inc. (NYSE:CRBG – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,607,692 shares of the company’s stock, valued at approximately $46,028,000. Bank of New York Mellon Corp owned about 0.36% of Corebridge Financial at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State of Michigan Retirement System purchased a new position in Corebridge Financial in the 4th quarter worth approximately $2,130,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Corebridge Financial in the 4th quarter valued at approximately $5,358,000. Vanguard Group Inc. boosted its stake in Corebridge Financial by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 27,143,048 shares of the company’s stock valued at $818,906,000 after purchasing an additional 311,133 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in Corebridge Financial during the 4th quarter valued at $2,072,000. Finally, State of Wyoming bought a new stake in shares of Corebridge Financial in the 2nd quarter worth $899,000. Institutional investors own 98.25% of the company’s stock.

Analyst Ratings Changes CRBG has been the subject of several recent analyst reports. TD Cowen boosted their price target on Corebridge Financial from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. UBS Group increased their price objective on Corebridge Financial from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Jefferies Financial Group lifted their price objective on Corebridge Financial from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Piper Sandler boosted their target price on Corebridge Financial from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Finally, Mizuho upped their target price on shares of Corebridge Financial from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.42.

Check Out Our Latest Research Report on CRBG Insider Activity In related news, insider David Ditillo sold 12,414 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $34.00, for a total value of $422,076.00. Following the transaction, the insider owned 111,153 shares of the company’s stock, valued at approximately $3,779,202. This trade represents a 10.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Elizabeth B. Cropper sold 7,745 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $33.06, for a total transaction of $256,049.70. Following the sale, the executive vice president owned 46,473 shares of the company’s stock, valued at $1,536,397.38. This trade represents a 14.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,409 shares of company stock valued at $805,626 in the last ninety days. Insiders own 0.32% of the company’s stock.

Corebridge Financial Price Performance NYSE CRBG opened at $32.60 on Friday. The stock has a market capitalization of $14.53 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 0.42 and a beta of 1.08. Corebridge Financial, Inc. has a 1-year low of $22.19 and a 1-year high of $35.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.12 and a quick ratio of 0.12. The business’s fifty day moving average price is $31.36 and its 200-day moving average price is $28.29.

Corebridge Financial (NYSE:CRBG – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. Corebridge Financial had a return on equity of 17.37% and a net margin of 4.37%.The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.66 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. On average, equities analysts predict that Corebridge Financial, Inc. will post 4.57 earnings per share for the current year.

Corebridge Financial Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, September 16th. Corebridge Financial’s payout ratio is currently 58.48%.

(Free Report)

Corebridge Financial (NYSE: CRBG) is a publicly traded provider of retirement, life insurance and asset management solutions. Formed from the separation of American International Group’s life and retirement operations, Corebridge focuses on helping individuals, employers and institutions manage retirement income, protect against longevity and mortality risks, and invest long-term savings. The company operates under a unified brand that brings together insurance products and investment capabilities to deliver integrated financial solutions.

Corebridge’s product suite includes retirement income and annuity products, individual and group life insurance, asset management and investment advisory services, and employer-sponsored retirement plan offerings.

Featured Stories Five stocks we like better than Corebridge Financial Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape SEC Probe Puts Wall Street Leverage Risk Back in Focus A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole Five Below’s Turnaround Is Working—But Has the Stock Run Too Far? Want to see what other hedge funds are holding CRBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corebridge Financial, Inc. (NYSE:CRBG – Free Report).

Receive News & Ratings for Corebridge Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corebridge Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Corebridge Financial NYSE: CRBG reported second-quarter 2026 results that management said were in line with its full-year guidance, supported by growth in spread income and fee income, while variable investment income remained below long-term expectations.

Adjusted pre-tax operating income was $664 million and earnings per share were $1.12, according to Interim Chief Financial Officer Chris Filiaggi. Excluding variable investment income, EPS increased 14% from a year earlier. On a run-rate basis that adjusts for long-term alternative-investment returns, operating EPS was $1.35, up 16% year over year.

Get Corebridge Financial alerts:

Core sources of income, excluding variable investment income, rose 5% from the prior-year quarter. Spread income increased 4%, aided by asset repositioning and underlying business growth, while fee income climbed 15% on higher assets under management and administration and favorable markets. Underwriting margins declined 1% year over year, though Filiaggi said underwriting results remained positive.

Alternative Investments Weigh on Quarterly Results Variable investment income underperformed during the quarter, primarily due to alternative investments. Filiaggi said alternative-investment performance was affected by a decline in the software market, Middle East conflict-related volatility, and broader macroeconomic and geopolitical uncertainty.

Chief Investment Officer Lisa Longino said the company’s alternative portfolio is primarily composed of private equity, real estate equity funds and hedge funds. While private equity had generally met long-term expectations previously, she said weakness was broad during the quarter and that a backlog of private-equity exits had not been reduced enough to generate gains that could offset portfolio marks.

Management said it expects variable investment income returns to remain below target for the rest of 2026 and does not expect the company to meet its long-term alternative-investment return expectations this year. Alternative investments account for less than 3% of the company’s balance sheet, Chief Executive Officer Marc Costantini said.

Adjusted return on equity was 11.4%, or 13.8% on a run-rate basis, within Corebridge’s 12% to 14% target range. Excluding variable investment income, adjusted ROE increased 90 basis points year over year to 10.9%.

Capital Returns and Investment Portfolio Corebridge generated more than $400 million of cash for its 14th consecutive quarter, Costantini said. The company returned $412 million of capital to shareholders during the second quarter, including $300 million of share repurchases. Its year-to-date normalized payout ratio was 84%.

The company ended the quarter with more than $1.4 billion of holding-company liquidity, supported by $475 million of insurance-company dividends received during the quarter. Filiaggi said liquidity exceeded the holding company’s needs for the next 12 months. Corebridge expects to repurchase approximately $350 million of stock during the second half, which would bring total 2026 repurchases to about $1.9 billion.

Longino said the investment portfolio remained 96% investment grade, with an average credit rating of A-. New-money yields remained above roll-off yields, supporting net investment income growth. The company repositioned portions of the portfolio by selling lower-yielding high-yield, emerging-market and private assets and moving into investment-grade public assets, residential mortgage-backed securities and private asset-backed securities. More than half of those purchases were rated single-A or higher, she said.

Business Segment Trends Individual Retirement sales totaled $3.8 billion, with positive net flows and continued growth in assets under management and administration. Sales were down from both the prior year and prior quarter, but management said it maintained pricing discipline rather than pursuing volume in a more competitive environment. Costantini said June was the strongest retail-annuity sales month of the year and momentum continued into July.

Corebridge reiterated its expectation for approximately $2.55 billion of Individual Retirement base spread income in 2026. Filiaggi said asset repositioning helped spreads, but older business rolling off should result in additional single-digit spread compression through the remainder of the year, with compression expected to bottom by the end of 2026.

In Group Retirement, fee income rose 15% year over year as the company continued shifting from spread-based products toward fee-based business. Wealth management assets reached $20 billion, up 18% from a year earlier. The segment’s adjusted pre-tax operating income declined 7%, reflecting lower spread income and higher operating expenses, partly offset by fee growth.

Life Insurance sales rose year over year and sequentially to $870 million. Segment adjusted pre-tax operating income fell 11% from the prior-year period, although management said mortality and underwriting results remained favorable. Costantini said the company is seeing early benefits from efforts to improve connectivity with distribution partners and intends to expand the Life business over time.

Institutional Markets posted sales of $2.6 billion, including more than $1.8 billion of guaranteed investment contract issuances. Adjusted pre-tax operating income increased 36% year over year, supported by a 17% increase in reserves and a 12% rise in assets under management and administration. Management expects pension risk transfer activity to increase in the second half, citing well-funded pension plans, attractive interest rates and an active pipeline.

Equitable Merger Progress Costantini said shareholders approved the planned merger with Equitable, and the companies still expect the transaction to close by year-end. Federal antitrust review and FINRA approval for the broker-dealer change in control have been completed, while state and international filings have been submitted.

The combined company is targeting $5 billion in earnings, $4 billion in cash generation and return on equity above 15% by 2027. Management expects $500 million in cost synergies, with an additional potential benefit from revenue synergies. The leadership structure’s first three organizational levels have been determined, Costantini said, and the companies expect to announce the board of the combined firm soon.

Management also said the merger could expand capacity in Institutional Markets, including pension risk transfer and funding-agreement-backed business. Corebridge’s guaranteed investment contract and related funding-agreement business represents about 5% of its general account, compared with 10% to 15% for some major competitors, according to Costantini.

About Corebridge Financial (NYSE:CRBG)Corebridge Financial NYSE: CRBG is a publicly traded provider of retirement, life insurance and asset management solutions. Formed from the separation of American International Group’s life and retirement operations, Corebridge focuses on helping individuals, employers and institutions manage retirement income, protect against longevity and mortality risks, and invest long-term savings. The company operates under a unified brand that brings together insurance products and investment capabilities to deliver integrated financial solutions.

Corebridge’s product suite includes retirement income and annuity products, individual and group life insurance, asset management and investment advisory services, and employer-sponsored retirement plan offerings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Should You Invest $1,000 in Corebridge Financial Right Now?Before you consider Corebridge Financial, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Corebridge Financial wasn't on the list.

While Corebridge Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.

Get This Free Report

Corebridge Financial (CRBG - Free Report) reported $4.3 billion in revenue for the quarter ended June 2026, representing a year-over-year decline of 2.8%. EPS of $1.12 for the same period compares to $1.36 a year ago.

The reported revenue represents a surprise of -4.67% over the Zacks Consensus Estimate of $4.51 billion. With the consensus EPS estimate being $1.08, the EPS surprise was +3.7%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Corebridge performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Total Corebridge- Premiums: $541 million compared to the $946.81 million average estimate based on four analysts. The reported number represents a change of +16.6% year over year.Total Corebridge- Advisory fee and other income: $112 million compared to the $102.75 million average estimate based on four analysts. The reported number represents a change of -42.9% year over year.Total Corebridge- Policy fees: $612 million versus the four-analyst average estimate of $605.73 million. The reported number represents a year-over-year change of -15.1%.Total Corebridge- Net investment income: $3.03 billion versus the four-analyst average estimate of $3.01 billion. The reported number represents a year-over-year change of -0.6%.Revenue- Life Insurance: $1.06 billion versus the three-analyst average estimate of $1.08 billion. The reported number represents a year-over-year change of -1.5%.Revenue- Individual Retirement: $1.72 billion compared to the $1.67 billion average estimate based on three analysts. The reported number represents a change of -11% year over year.Revenue- Corporate & Other: $-5 million versus $17.17 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -116.1% change.Revenue- Individual Retirement- Premiums: $26 million versus the three-analyst average estimate of $27.4 million. The reported number represents a year-over-year change of -40.9%.Revenue- Individual Retirement- Policy fees: $89 million versus $81.24 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -55.3% change.Revenue- Individual Retirement- Net investment income: $1.6 billion versus the three-analyst average estimate of $1.56 billion. The reported number represents a year-over-year change of +1.2%.Revenue- Group Retirement- Premiums: $4 million versus $3.52 million estimated by three analysts on average.Revenue- Group Retirement- Policy fees: $116 million versus the three-analyst average estimate of $110.91 million. The reported number represents a year-over-year change of +10.5%.View all Key Company Metrics for Corebridge here>>>

Shares of Corebridge have returned +1.6% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. ("Corebridge" or the "Company") (NYSE: CRBG) today reported financial results for the second quarter ended June 30, 2026.

“We are pleased with our performance in the second quarter, having executed across the organization to deliver strong earnings, resilient sales, and consistent cash generation," said Marc Costantini, President and Chief Executive Officer. "Operationally, we continue to advance our commitment to becoming the easiest company to do business with—a strategy that is foundational to our customer success."

"Regarding our merger with Equitable, we have reached a pivotal milestone with shareholder approval. We are now focused on the roadmap to final execution, having further refined our combined leadership to ensure we have the right team to win. We are more confident than ever that this merger will create a combined company with the right attributes to drive profitable growth and create significant shareholder value.”

CONSOLIDATED RESULTS
($ in millions, except per share data)

Three Months Ended June 30,

2026

2025

Net loss available to common shareholders

$

(16

)

$

(660

)

Loss per common share available to common shareholders

$

(0.04

)

$

(1.20

)

Weighted average shares outstanding - diluted

454

550

Adjusted after-tax operating income available to common shareholders1

$

512

$

672

Operating earnings per common share1

$

1.12

$

1.22

Weighted average shares outstanding - operating

455

551

Total common shares outstanding

446

543

Pre-tax income (loss)

$

52

$

(608

)

Adjusted pre-tax operating income1

$

664

$

842

Core sources of income2

$

1,568

$

1,494

Base spread income2

$

898

$

862

Fee income2

$

325

$

282

Underwriting margin excluding variable investment income2

$

345

$

350

Premiums and deposits

$

9,066

$

10,466

Net investment income

$

3,190

$

3,338

Net investment income (APTOI basis)1

$

3,031

$

2,984

Base portfolio income - insurance operating businesses

$

3,017

$

2,784

Variable investment income - insurance operating businesses

$

28

$

193

Corporate and other

$

(14

)

$

7

Return on average equity

(0.6

%)

(21.7

%)

Adjusted return on average equity1

11.4

%

12.9

%

Net loss available to common shareholders was $16 million, compared to a loss of $660 million in the prior year quarter. The variance largely was a result of lower realized losses, partially offset by unfavorable changes in the fair value of market risk benefits and higher interest credited to policyholder account balances than in the prior year period.

Adjusted pre-tax operating income ("APTOI") was $664 million, or a 21% decrease from the prior year quarter. Excluding variable investment income ("VII"), APTOI decreased 2% from the same period, driven by higher policyholder benefits, interest credited to policyholder account balances and other expenses, partially offset by higher premiums and net investment income.

Core sources of income was $1.6 billion, a 5% increase from the prior year quarter largely due to higher fee and base spread income, partially offset by lower underwriting margin.

Premiums and deposits were $9.1 billion, a 13% decrease from the prior year quarter primarily due to lower fixed and fixed indexed annuity sales, partially offset by an increase in GIC issuances, efficiently allocating capital toward businesses with the highest risk adjusted returns.

CAPITAL AND LIQUIDITY HIGHLIGHTS

Life Fleet RBC ratio2 remains above target Holding company liquidity of $1.4 billion as of June 30, 2026 Financial leverage ratio2 of 33.0% Returned $412 million to shareholders through $300 million of share repurchases and $112 million of dividends to common shareholders Declared dividend of $0.25 per share of common stock on August 4, 2026, payable on September 30, 2026, to shareholders of record at the close of business on September 16, 2026 BUSINESS RESULTS

Individual Retirement

Three Months Ended

June 30,

($ in millions)

2026

2025

Premiums and deposits

$

3,822

$

6,487

Total sources of income

$

754

$

780

Core sources of income

$

734

$

706

Spread income

$

665

$

704

Base spread income

$

645

$

630

Variable investment income

$

20

$

74

Fee income

$

89

$

76

Adjusted pre-tax operating income

$

467

$

523

Premiums and deposits decreased $2.7 billion, or 41%, from the prior year quarter, primarily driven by lower fixed annuity and fixed index annuity deposits, partially offset by higher RILA deposits Core sources of income increased 4% from the prior year quarter due to higher base spread and fee income APTOI decreased $56 million, or 11%, from the prior year quarter. Excluding VII, APTOI was flat from the prior year quarter driven by higher base spread and fee income, offset by higher sales-related expenses Group Retirement

Three Months Ended

June 30,

($ in millions)

2026

2025

Premiums and deposits

$

1,769

$

1,976

Total sources of income

$

359

$

361

Core sources of income

$

355

$

337

Spread income

$

140

$

171

Base spread income

$

136

$

147

Variable investment income

$

4

$

24

Fee income

$

219

$

190

Adjusted pre-tax operating income

$

151

$

182

Premiums and deposits decreased $207 million, or 10%, from the prior year quarter, primarily driven by lower in-plan and out-of-plan annuity deposits Core sources of income increased $18 million, or 5%, over the prior year quarter, primarily due to higher fee income, partially offset by lower base spread income APTOI decreased $31 million, or 17%, from the prior year quarter. Excluding VII, APTOI decreased 7% from the prior year quarter, primarily driven by lower base spread income and higher expenses, partially offset by higher fee income Life Insurance

Three Months Ended

June 30,

($ in millions)

2026

2025

Premiums and deposits

$

870

$

868

Underwriting margin

$

331

$

344

Underwriting margin excluding variable investment income

$

332

$

338

Variable investment income

$

(1

)

$

6

Adjusted pre-tax operating income

$

112

$

133

Premiums and deposits increased $2 million over the prior year quarter due to higher traditional life sales, partially offset by lower universal life sales Underwriting margin excluding VII decreased 2% from the prior year quarter, primarily driven by less favorable underwriting experience in the current period APTOI decreased $21 million, or 16%, from the prior year quarter. Excluding VII, APTOI decreased 11% from the prior year quarter driven by less favorable underwriting experience and higher general operating expenses Institutional Markets

Three Months Ended

June 30,

($ in millions)

2026

2025

Premiums and deposits

$

2,605

$

1,135

Total sources of income

$

152

$

202

Core sources of income

$

147

$

113

Spread income

$

122

$

173

Base spread income

$

117

$

85

Variable investment income

$

5

$

88

Fee income

$

17

$

16

Underwriting margin

$

13

$

13

Underwriting margin excluding variable investment income

$

13

$

12

Variable investment income

$

—

$

1

Adjusted pre-tax operating income

$

119

$

173

Premiums and deposits increased $1.5 billion, or 130%, over the prior year quarter, primarily driven by higher GIC issuances Total sources of income decreased 25% from the prior year quarter due to lower VII. Core sources of income increased 30% over the prior year quarter, primarily driven by higher base spread income APTOI decreased $54 million, or 31%, from the prior year quarter. Excluding VII, APTOI increased 36% over the prior year quarter primarily due to higher base spread income, reflecting growth in the underlying business Corporate and Other

Three Months Ended

June 30,

($ in millions)

2026

2025

Corporate expenses

$

(38

)

$

(32

)

Interest expense on financial debt

$

(114

)

$

(114

)

Asset management

$

—

$

—

Consolidated investment entities

$

—

$

—

Other

$

(33

)

$

(23

)

Adjusted pre-tax operating (loss)

$

(185

)

$

(169

)

APTOI loss increased $16 million from the prior year quarter, primarily due to higher corporate expenses CONFERENCE CALL

Corebridge will host a conference call on Wednesday, August 5, 2026, at 9:00 a.m. EDT to review these results. The call is open to the public and can be accessed via a live, listen-only webcast in the Investors section of corebridgefinancial.com. A replay will be available after the call at the same location.

Supplemental financial data and our investor presentation are available in the Investors section of corebridgefinancial.com.

About Corebridge Financial

Corebridge Financial, Inc. makes it possible for more people to take action in their financial lives. With more than $390 billion in assets under management and administration as of June 30, 2026, Corebridge Financial is one of the largest providers of retirement solutions and insurance products in the United States. We proudly partner with financial professionals and institutions to help individuals plan, save for and achieve secure financial futures. For more information, visit corebridgefinancial.com and follow us on LinkedIn. These references with additional information about Corebridge have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

In the discussion below, “we,” “us” and “our” refer to Corebridge and its consolidated subsidiaries, unless the context refers solely to Corebridge as a corporate entity.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This press release includes statements, which, to the extent they are not statements of historical or present fact, constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements, and any related oral statements, can be identified by the use of terms such as “believes,” “expects,” “may,” “will,” “shall,” “should,” “would,” “could,” “seeks,” “aims,” “projects,” “forecasts,” “intends,” “targets,” “plans,” “assumes,” “enable,” “estimates,” “anticipates,” “goals,” “guidance,” “formidable,” “preliminary,” “objective,” “continue,” “drive,” “improve,” “superior,” “robust,” “positioned,” “resilient,” “vision,” “potential,” “immediate,” “on track,” “progress”, “is optimistic,” and similar expressions or the negative of those expressions or verbs. We caution you that forward-looking statements are not guarantees of future performance or outcomes. Forward-looking statements are not historical facts but instead represent only our beliefs regarding future events, which may by their nature be inherently uncertain, and some of which may be outside our control. These statements include, but are not limited to, statements about the potential repurchases of shares of common stock, statements about the expected timing and completion of the proposed transaction between the Company and Equitable Holdings, Inc. (“Equitable”) (the “Proposed Transaction”), the anticipated benefits of the Proposed Transaction, including estimated synergies and projected cost savings, and plans and expectations for the Company, Equitable or their new parent company after completion of the Proposed Transaction.

Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors include, among others, the ability to repurchase shares (if the Company decides to do so) within the expected timing or at all; the ability to complete the Proposed Transaction on the timeframe or on the terms currently anticipated or at all, including due to a failure to obtain requisite, stock exchange, regulatory, governmental or other approvals; risks related to difficulties, inabilities or delays in integrating the parties’ businesses; the ability to realize the anticipated benefits of the Proposed Transaction, including estimated run-rate expense synergies and projected cost savings at the times, and to the extent, anticipated, as well as expected operating earnings and cashflow generation; the occurrence of any event, change or other circumstance that could give rise to the right of either or both parties to terminate the merger agreement; the potential impact of the announcement or consummation of the Proposed Transaction on the Company or Equitable's stock price and on their respective business, contractual and operational relationships (including with regulatory bodies, employees, suppliers, clients and competitors); risks related to business disruptions from the Proposed Transaction that may harm the business or current plans and operations of either or both parties, including diversion of management time from ongoing business operations; the risk that the Proposed Transaction and its announcement could have an adverse effect on the ability of either or both parties to hire and retain key personnel; the parties’ ability to raise debt on favorable terms or at all; the outcome of any legal proceedings that may be instituted against the Company, Equitable, their new parent company or their respective directors; restrictions on the conduct of the Company and Equitable's respective businesses prior to the closing of the Proposed Transaction and on each of their ability to pursue alternatives to the Proposed Transaction; the possibility that the Proposed Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events, or unforeseen or unknown liabilities; the deterioration of economic conditions; geopolitical tensions; the potential impact of a downgrade in the Company or Equitable's Insurer Financial Strength ratings or credit ratings or of the new parent company of the Company and Equitable following completion of the Proposed Transaction; other factors that may affect future results of the Company and Equitable; and management’s response to any of the aforementioned factors.

Any forward-looking statements included herein are not a guarantee of future performance and involve risks and uncertainties, and there are certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected or implied in such forward-looking statements, including, among others, risks related to:

changes in interest rates and changes to credit spreads; the deterioration of economic conditions, an economic slowdown or recession, changes in market conditions, weakening in capital markets, volatility in equity markets, inflationary pressures, the rise of pressures on the commercial real estate market, and geopolitical tensions; the unpredictability of the amount and timing of insurance liability claims; unavailable, uneconomical or inadequate reinsurance or recaptures of reinsured liabilities; uncertainty and unpredictability related to our reinsurance agreements and the reinsurers' performance of their obligations under these agreements; our limited ability to access funds from our subsidiaries; our ability to incur indebtedness, our potential inability to refinance all or a portion of our indebtedness or our ability to obtain additional financing on favorable terms or at all; our ability to maintain sufficient eligible collateral to support business and funding strategies requiring collateralization; our inability to generate cash to meet our needs due to the illiquidity of some of our investments; the inaccuracy of the methodologies, estimations and assumptions underlying our valuation of investments and derivatives; a downgrade in our Insurer Financial Strength (“IFS”) ratings or credit ratings; exposure to credit risk due to non-performance or defaults by our counterparties or our use of derivative instruments to hedge market risks associated with our liabilities; our ability to adequately assess risks and estimate losses related to the pricing of our products; the failure of third parties that we rely upon to provide and adequately perform certain business, operations, investment advisory, functional support and administrative services on our behalf; the impact of risks associated with our arrangement with Blackstone ISG-I Advisors LLC or any affiliates thereof (“Blackstone”), BlackRock Financial Management, Inc. (“BlackRock”) or any other asset manager we retain, including their historical performance not being indicative of the future results of our investment portfolio and the exclusivity of certain arrangements with Blackstone; our inability to maintain the availability of critical technology systems and the confidentiality, integrity and availability of our data, including challenges associated with a variety of privacy and information security laws; scrutiny and evolving expectations from investors, regulators, customers and other stakeholders regarding environmental, social and governance matters; the ineffectiveness of our risk management policies and procedures; significant legal, governmental or regulatory proceedings; business or asset acquisitions and dispositions that may expose us to certain risks; our ability to protect our intellectual property; our ability to operate efficiently and compete effectively in a heavily regulated industry in light of new domestic or international laws and regulations or new interpretations of current laws and regulations; impact on sales of our products and taxation of our operations due to changes in U.S. federal income or other tax laws or the interpretation of tax laws; differences between actual experience and the estimates used in the preparation of financial statements and modeled results used in various areas of our business; our inability to attract and retain key employees and highly skilled people needed to support our business; our relationships with Nippon Life Insurance Company, a mutual company organized under the laws of Japan (“Nippon”) and Blackstone and conflicts of interests arising due to such relationships; the indemnification obligations we have to American International Group, Inc. ("AIG"); potentially higher U.S. federal income taxes due to our inability to file a single U.S. consolidated federal income tax return for five years following our initial public offering (“IPO”) and our separation from AIG causing an “ownership change” for U.S. federal income tax purposes caused by our separation from AIG; risks associated with the Tax Matters Agreement with AIG and our potential liability for U.S. income taxes of the entire AIG Consolidated Tax Group for all taxable years or portions thereof in which we (or our subsidiaries) were members of such group; the risk that anti-takeover provisions could discourage, delay, or prevent our change in control, even if the change in control would be beneficial to our shareholders; and other factors discussed in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2025, as well as our Quarterly Reports on Form 10-Q. The foregoing list of factors is not exhaustive. You should carefully consider these factors and the other risks and uncertainties described in the “Risk Factors” section of the new parent company’s Registration Statement on Form S-4 and other documents filed or furnished by the Company and Equitable from time to time with the Securities and Exchange Commission (the “SEC”), including their Annual Reports on Form 10-K for the year ended December 31, 2025 and Quarterly Reports on Form 10-Q. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. If any of these risks materialize or our assumptions prove incorrect, actual events and results could differ materially from those contained in the forward-looking statements. There may be additional risks that neither the Company nor Equitable presently know or that the Company and Equitable currently believe are immaterial that could also cause actual events and results to differ materially from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company and Equitable’s expectations, plans or forecasts of future events and views as of the date of this press release. The Company and Equitable anticipate that subsequent events and developments will cause the Company and Equitable's assessments to change. While the Company and Equitable may elect to update these forward-looking statements at some point in the future, the Company and Equitable specifically disclaim any obligation to do so, unless required by applicable law. Neither the Company nor Equitable gives any assurance that the Company, Equitable or their new parent company will achieve the results or other matters set forth in the forward-looking statements.

NON-GAAP FINANCIAL MEASURES

Throughout this release, we present our financial condition and results of operations in the way we believe will be most meaningful and representative of our business results. Some of the measurements we use are ‘‘non-GAAP financial measures’’ under SEC rules and regulations. We believe presentation of these non-GAAP financial measures allows for a deeper understanding of the profitability drivers of our business, results of operations, financial condition and liquidity. These measures should be considered supplementary to our results of operations and financial condition that are presented in accordance with GAAP and should not be viewed as a substitute for GAAP measures. The non-GAAP financial measures we present may not be comparable to similarly named measures reported by other companies.

Adjusted pre-tax operating income (“APTOI”) is derived by excluding the items set forth below from income (loss) before income tax expense (benefit). These items generally fall into one or more of the following broad categories: legacy matters having no relevance to our current businesses or operating performance; adjustments to enhance transparency to the underlying economics of transactions; and recording adjustments to APTOI that we believe to be common in our industry. We believe the adjustments to pre-tax income are useful for gaining an understanding of our overall results of operations.

APTOI excludes the impact of the following items:

FORTITUDE RE RELATED ADJUSTMENTS:

The modified coinsurance (“modco”) reinsurance agreements with Fortitude Re transfer the economics of the invested assets supporting the reinsurance agreements to Fortitude Re. Accordingly, the net investment income on Fortitude Re funds withheld assets and the net realized gains (losses) on Fortitude Re funds withheld assets are excluded from APTOI. Similarly, changes in the Fortitude Re funds withheld embedded derivative are also excluded from APTOI.

The ongoing results associated with the reinsurance agreement with Fortitude Re have been excluded from APTOI as these are not indicative of our ongoing business operations.

INVESTMENT RELATED ADJUSTMENTS:

APTOI excludes “Net realized gains (losses)”, except for gains (losses) related to the disposition of real estate investments. Net realized gains (losses), except for gains (losses) related to the disposition of real estate investments, are excluded as the timing of sales on invested assets or changes in allowances depend largely on market credit cycles and can vary considerably across periods. In addition, changes in interest rates may create opportunistic scenarios to buy or sell invested assets. Our derivative results, including those used to economically hedge insurance liabilities, or those recognized as embedded derivatives at fair value, are also included in Net realized gains (losses) and are similarly excluded from APTOI except earned income (periodic settlements and changes in settlement accruals) on derivative instruments used for non-qualifying (economic) hedges or for asset replication. Earned income on such economic hedges is reclassified from Net realized gains and losses to specific APTOI line items based on the economic risk being hedged (e.g., Net investment income and Interest credited to policyholder account balances).

MARKET RISK BENEFIT ADJUSTMENTS (“MRBs”):

Certain of our variable annuity, fixed annuity and fixed index annuity contracts contain GMWBs and/or GMDBs which are accounted for as MRBs. Changes in the fair value of these MRBs (excluding changes related to our own credit risk), including certain rider fees attributed to the MRBs are excluded from APTOI. MRBs related to the variable annuity business subject to the reinsurance agreements with Corporate Solutions Life Reinsurance Company (“CSLR”) are reported in the “Businesses exited through reinsurance” line item.

BUSINESSES EXITED THROUGH REINSURANCE:

Represents the results of businesses that have been or will be economically exited through reinsurance. This includes MRBs, along with changes in the fair value of derivatives used to hedge MRBs which are recorded through “Change in the fair value of MRBs, net.” The results of operations from these businesses have been excluded from APTOI as they are not indicative of our ongoing business operations.

OTHER ADJUSTMENTS:

Other adjustments represent all other adjustments that are excluded from APTOI and includes the net pre-tax operating income (losses) from noncontrolling interests related to consolidated investment entities. The excluded adjustments include, as applicable:

restructuring and other costs related to initiatives designed to reduce operating expenses, improve efficiency and simplify our organization; non-recurring costs associated with the implementation of non-ordinary course legal or regulatory changes or changes to accounting principles; separation costs; non-operating litigation reserves and settlements; loss (gain) on extinguishment of debt, if any; losses from the impairment of goodwill, if any; and income and loss from divested or run-off business, if any. Adjusted After-tax Operating Income Available to Corebridge Common Shareholders (“Adjusted After-tax Operating Income” or “AATOI”) is derived by excluding the tax effected APTOI adjustments described above and preferred stock dividends, as well as the following tax items from net income attributable to us:

reclassifications of disproportionate tax effects from AOCI, changes in uncertain tax positions and other tax items related to legacy matters having no relevance to our current businesses or operating performance; and deferred income tax valuation allowance releases and charges. Adjusted Book Value Available to Corebridge Common Shareholders is derived by excluding preferred stock as well as AOCI, adjusted for the cumulative unrealized gains and losses related to Fortitude Re’s funds withheld assets. We believe this measure is useful to investors as it eliminates the asymmetrical impact resulting from changes in fair value of our available-for-sale securities portfolio for which there is largely no offsetting impact for certain related insurance liabilities that are not recorded at fair value with changes in fair value recorded through OCI. It also eliminates asymmetrical impacts where our own credit non-performance risk is recorded through OCI. In addition, we adjust for the cumulative unrealized gains and losses related to Fortitude Re’s funds withheld assets since these fair value movements are economically transferred to Fortitude Re.

Adjusted Return on Average Equity Available to Common Shareholders (“Adjusted ROAE”) is derived by dividing AATOI by average Adjusted Book Value available to Common Shareholders and is used by management to evaluate our recurring profitability and evaluate trends in our business. We believe this measure is useful to investors as it eliminates the asymmetrical impact resulting from changes in fair value of our available-for-sale securities portfolio for which there is largely no offsetting impact for certain related insurance liabilities that are not recorded at fair value with changes in fair value recorded through OCI. It also eliminates asymmetrical impacts where our own credit non-performance risk is recorded through OCI. In addition, we adjust for the cumulative unrealized gains and losses related to Fortitude Re’s funds withheld assets since these fair value movements are economically transferred to Fortitude Re.

Adjusted revenues exclude Net realized gains (losses) except for gains (losses) related to the disposition of real estate investments, revenues from businesses exited through reinsurance, and income from non-operating litigation settlements (included in Other income for GAAP purposes).

Net investment income (APTOI basis) is the sum of base portfolio income and variable investment income. We believe that presenting net investment income on an APTOI basis is useful for gaining an understanding of the main drivers of investment income.

Operating Earnings per Common Share (“Operating EPS”) is derived by dividing AATOI by weighted average diluted shares.

Premiums and deposits is a non-GAAP financial measure that includes direct and assumed premiums received and earned on traditional life insurance policies and life-contingent payout annuities, as well as deposits received on universal life insurance, investment-type annuity contracts and GICs. We believe the measure of premiums and deposits is useful in understanding customer demand for our products, evolving product trends and our sales performance period over period.

KEY OPERATING METRICS AND KEY TERMS

Assets Under Management and Administration

Assets Under Management (“AUM”) include assets in the general and separate accounts of our subsidiaries that support liabilities and surplus related to our life and annuity insurance products. Assets Under Administration (“AUA”) include Group Retirement mutual fund assets and other third-party assets that we sell or administer and the notional value of Stable Value Wrap ("SVW") contracts. Assets Under Management and Administration (“AUMA”) is the cumulative amount of AUM and AUA. Base net investment spread means base yield less cost of funds, excluding the amortization of deferred sales inducement assets.

Base spread income means base portfolio income less interest credited to policyholder account balances, excluding the amortization of deferred sales inducement assets.

Base yield means the returns from base portfolio income including accretion and impacts from holding cash and short-term investments.

Core sources of income means the sum of base spread income, fee income and underwriting margin, excluding variable investment income, in our Individual Retirement, Group Retirement, Life Insurance and Institutional Markets segments.

Cost of funds means the interest credited to policyholders excluding the amortization of deferred sales inducement assets.

Fee and Spread Income and Underwriting Margin

Fee income is defined as policy fees plus advisory fees plus other fee income. For our Institutional Markets segment, its SVW products generate fee income. Spread income is defined as net investment income less interest credited to policyholder account balances, excluding the amortization of deferred sales inducement assets. Spread income is comprised of both base spread income and variable investment income. For our Institutional Markets segment, its structured settlements, PRT and GIC products generate spread income, which includes premiums, net investment income, less interest credited and policyholder benefits and excludes the annual assumption update. Underwriting margin for our Life Insurance segment includes premiums, policy fees, other income and net investment income, less interest credited to policyholder account balances and policyholder benefits, and excludes the annual assumption update. For our Institutional Markets segment, its Corporate Markets products generate underwriting margin, which includes premiums, net investment income, policy and advisory fee income, less interest credited and policyholder benefits and excludes the annual assumption update. Financial leverage ratio means the ratio of financial debt to the sum of (i) financial debt, (ii) Adjusted Book Value available to Common Shareholders, (iii) preferred stock, and (iv) non-redeemable noncontrolling interests.

Life Fleet RBC Ratio

Life Fleet means American General Life Insurance Company (“AGL”), The United States Life Insurance Company in the City of New York (“USL”) and The Variable Annuity Life Insurance Company (“VALIC”). Life Fleet RBC Ratio is the risk-based capital (“RBC”) ratio for the Life Fleet. RBC ratios are quoted using the Company Action Level. Net Investment Income

Base portfolio income includes interest, dividends and foreclosed real estate income, net of investment expenses and non-qualifying (economic) hedges. Variable investment income includes call and tender income on bonds, commercial mortgage loan prepayments, changes in market value of investments accounted for under the fair value option, interest received on defaulted investments (other than foreclosed real estate), income from alternative investments and other miscellaneous investment income, including income on certain partnership entities that are required to be consolidated. Alternative investments include private equity and real estate equity funds which are generally reported on a one-quarter lag. Reconciliations

The following table presents a reconciliation of pre-tax income (loss)/net income (loss) available to Corebridge common shareholders to adjusted pre-tax operating income (loss)/adjusted after-tax operating income (loss) available to Corebridge common shareholders:

Three Months Ended June 30,

2026

2025

(in millions)

Pre-tax

Total Tax

(Benefit)

Charge

Non-

controlling

Interests/ Preferred stock dividends

After Tax

Pre-tax

Total Tax

(Benefit)

Charge

Non-

controlling

Interests/ Preferred stock dividends

After Tax

Pre-tax income (loss)/net income (loss), including noncontrolling interests

$

52

$

50

$

—

$

2

$

(608

)

$

60

$

—

$

(668

)

Noncontrolling interests

—

—

—

—

—

—

8

8

Preferred stock dividends

—

—

(18

)

(18

)

—

—

—

—

Pre-tax income (loss)/net income (loss) available to Corebridge common shareholders

52

50

(18

)

(16

)

(608

)

60

8

(660

)

Fortitude Re related items

Net investment (income) on Fortitude Re funds withheld assets

(233

)

(51

)

—

(182

)

(343

)

(73

)

—

(270

)

Net realized losses on Fortitude Re funds withheld assets

25

6

—

19

30

7

—

23

Net realized losses on Fortitude Re funds withheld embedded derivative

316

68

—

248

251

53

—

198

Subtotal Fortitude Re related items

108

23

—

85

(62

)

(13

)

—

(49

)

Other reconciling Items

Reclassification of disproportionate tax effects from AOCI and other tax adjustments

—

15

—

(15

)

—

(6

)

—

6

Deferred income tax valuation allowance (releases) charges

—

(60

)

—

60

—

(186

)

—

186

Changes in fair value of market risk benefits, net

24

5

—

19

(44

)

(9

)

—

(35

)

Changes in benefit reserves related to net realized (losses)

(1

)

—

—

(1

)

(4

)

(1

)

—

(3

)

Net realized (gains) losses(1)

301

63

—

238

1,758

369

—

1,389

Restructuring and other costs

62

13

—

49

129

28

—

101

Non-recurring costs related to regulatory or accounting changes

—

—

—

—

1

—

—

1

Businesses exited through reinsurance

118

25

—

93

(336

)

(72

)

—

(264

)

Noncontrolling interests

—

—

—

—

8

—

(8

)

—

Subtotal Other non-Fortitude Re reconciling items

504

61

—

443

1,512

123

(8

)

1,381

Total adjustments

612

84

—

528

1,450

110

(8

)

1,332

Adjusted pre-tax operating income (loss)/Adjusted after-tax operating income (loss) available to Corebridge common shareholders

$

664

$

134

$

(18

)

$

512

$

842

$

170

$

—

$

672

(1) Includes all net realized gains and losses except earned income (periodic settlements and changes in settlement accruals) on derivative instruments used for non-qualifying (economic) hedging or for asset replication. Additionally, gains (losses) related to the disposition of real estate investments are also excluded from this adjustment

The following table presents Corebridge’s adjusted pre-tax operating income (loss) by segment:

(in millions)

Individual Retirement

Group Retirement

Life Insurance

Institutional Markets

Corporate & Other

Total Corebridge

Three Months Ended June 30, 2026

Premiums

$

26

$

4

$

382

$

129

$

—

$

541

Policy fees

89

116

356

51

—

612

Net investment income

1,604

438

324

679

(14

)

3,031

Net realized gains (losses)(1)

—

—

—

—

—

—

Advisory fee and other income

—

103

—

—

9

112

Total adjusted revenues

1,719

661

1,062

859

(5

)

4,296

Policyholder benefits

32

7

652

432

—

1,123

Interest credited to policyholder account balances

946

302

79

275

(1

)

1,601

Amortization of deferred policy acquisition costs

131

28

83

6

—

248

Non-deferrable insurance commissions

50

31

14

5

1

101

Advisory fee expenses

6

39

—

—

—

45

General operating expenses

87

103

122

22

56

390

Interest expense

—

—

—

—

124

124

Total benefits and expenses

1,252

510

950

740

180

3,632

Noncontrolling interests

—

—

—

—

—

—

Adjusted pre-tax operating income (loss)

$

467

$

151

$

112

$

119

$

(185

)

$

664

    (in millions)

Individual Retirement

Group Retirement

Life Insurance

Institutional Markets

Corporate & Other

Total Corebridge

Three Months Ended June 30, 2025

Premiums

$

31

$

—

$

377

$

25

$

—

$

433

Policy fees

76

105

366

51

—

598

Net investment income

1,519

469

335

654

7

2,984

Net realized gains (losses)(1)

—

—

—

—

(11

)

(11

)

Advisory fee and other income

—

85

—

1

6

92

Total adjusted revenues

1,626

659

1,078

731

2

4,096

Policyholder benefits

36

2

650

286

—

974

Interest credited to policyholder account balances

824

301

84

243

—

1,452

Amortization of deferred policy acquisition costs

112

21

84

4

—

221

Non-deferrable insurance commissions

41

30

15

5

—

91

Advisory fee expenses

3

30

1

—

—

34

General operating expenses

87

93

111

20

50

361

Interest expense

—

—

—

—

129

129

Total benefits and expenses

1,103

477

945

558

179

3,262

Noncontrolling interests

—

—

—

—

8

8

Adjusted pre-tax operating income (loss)

$

523

$

182

$

133

$

173

$

(169

)

$

842

(1) Net realized gains (losses) includes the gains (losses) related to the disposition of real estate investments

The following table presents a summary of Corebridge's spread income, fee income and underwriting margin:

Three Months Ended June 30,

(in millions)

2026

2025

Individual Retirement

Spread income

$

665

$

704

Fee income

89

76

Total Individual Retirement

754

780

Group Retirement

Spread income

140

171

Fee income

219

190

Total Group Retirement

359

361

Life Insurance

Underwriting margin

331

344

Total Life Insurance

331

344

Institutional Markets

Spread income

122

173

Fee income

17

16

Underwriting margin

13

13

Total Institutional Markets

152

202

Total

Spread income

927

1,048

Fee income

325

282

Underwriting margin

344

357

Total

$

1,596

$

1,687

The following table presents Life Insurance underwriting margin:

Three Months Ended June 30,

(in millions)

2026

2025

Premiums

$

382

$

377

Policy fees

356

366

Net investment income

324

335

Other income

—

—

Policyholder benefits

(652

)

(650

)

Interest credited to policyholder account balances

(79

)

(84

)

Underwriting margin

$

331

$

344

The following table presents Institutional Markets spread income, fee income and underwriting margin:

Three Months Ended June 30,

(in millions)

2026

2025

Premiums

$

138

$

34

Net investment income

644

617

Policyholder benefits

(413

)

(262

)

Interest credited to policyholder account balances

(247

)

(216

)

Spread income(1)

$

122

$

173

SVW fees

17

16

Fee income

$

17

$

16

Premiums

(9

)

(9

)

Policy fees (excluding SVW)

34

35

Net investment income

35

37

Other income

—

1

Policyholder benefits

(19

)

(24

)

Interest credited to policyholder account balances

(28

)

(27

)

Underwriting margin(2)

$

13

$

13

(1) Represents spread income from Pension Risk Transfer, Guaranteed Investment Contracts and Structured Settlement products

(2) Represents underwriting margin from Corporate Markets products, including corporate- and bank-owned life insurance, private placement variable universal life insurance and private placement variable annuity products

The following table presents Operating EPS:

Three Months Ended June 30,

(in millions, except per common share data)

2026

2025

GAAP Basis

Numerator for EPS

Net income (loss)

$

2

$

(668

)

Less: Net income (loss) attributable to noncontrolling interests

—

(8

)

Net income (loss) attributable to Corebridge

2

(660

)

Less: Preferred stock dividends

18

—

Net income (loss) available to Corebridge common shareholders

$

(16

)

$

(660

)

Denominator for EPS

Weighted average common shares outstanding - basic(1)

454.2

550.3

Dilutive common shares(2)

—

—

Weighted average common shares outstanding - diluted

454.2

550.3

Income per common share attributable to Corebridge common shareholders

Common stock - basic

$

(0.04

)

$

(1.20

)

Common stock - diluted

$

(0.04

)

$

(1.20

)

Operating Basis

Adjusted after-tax operating income available to Corebridge common shareholders

$

512

$

672

Weighted average common shares outstanding - diluted

454.7

551.3

Operating earnings per common share

$

1.12

$

1.22

Common Shares Outstanding

Common shares outstanding, beginning of period

456.7

553.1

Share repurchases

(10.9

)

(9.9

)

Newly issued shares

—

—

Common shares outstanding, end of period

445.8

543.2

(1) Includes vested shares under our share-based employee compensation plans

(2) Potential dilutive common shares include our share-based employee compensation plans

The following table presents the reconciliation of Adjusted Book Value:

At Period End

June 30,

March 31,

June 30,

(in millions, except per share data)

2026

2026

2025

Total Corebridge shareholders' equity

$

10,651

$

10,805

$

12,302

Less: Preferred stock and additional paid-in capital

493

493

—

Total Corebridge shareholders' equity available to common shareholders (a)

10,158

10,312

12,302

Less: Accumulated other comprehensive income (AOCI)

(10,167

)

(10,428

)

(10,633

)

Add: Cumulative unrealized gains and losses related to Fortitude Re funds withheld assets

(2,526

)

(2,610

)

(2,587

)

Total adjusted book value available to Corebridge common shareholders (b)

$

17,799

$

18,130

$

20,348

Total common shares outstanding (c)(1)

445.8

456.7

543.2

Book value per common share (a/c)

$

22.79

$

22.58

$

22.65

Adjusted book value per common share (b/c)

$

39.93

$

39.70

$

37.46

(1) Total common shares outstanding are presented net of treasury stock

The following table presents the reconciliation of Adjusted ROAE:

Three Months Ended June 30,

(in millions, unless otherwise noted)

2026

2025

Actual or annualized net income (loss) available to Corebridge common shareholders (a)

$

(64

)

$

(2,640

)

Actual or annualized adjusted after-tax operating income available to Corebridge common shareholders (b)

2,048

2,688

Average Corebridge Shareholders’ equity

10,728

12,141

Less: Average preferred stock

493

—

Total Average equity available to Corebridge common shareholders (c)

10,235

12,141

Less: Average AOCI

(10,298

)

(11,341

)

Add: Average cumulative unrealized gains and losses related to Fortitude Re funds withheld assets

(2,568

)

(2,570

)

Average Adjusted Book Value (d)

$

17,965

$

20,912

Return on Average Equity (a/c)

(0.6

)%

(21.7

)%

Adjusted ROAE (b/d)

11.4

%

12.9

%

The following table presents the reconciliation of net investment income (net income basis) to net investment income (APTOI basis):

Three Months Ended June 30,

(in millions)

2026

2025

Net investment income (net income basis)

$

3,190

$

3,338

Net investment (income) on Fortitude Re funds withheld assets

(233

)

(343

)

Net investment (income) related to businesses exited through reinsurance

(8

)

(80

)

Other adjustments

(7

)

(8

)

Derivative income recorded in net realized gains (losses)

89

77

Total adjustments

(159

)

(354

)

Net investment income (APTOI basis)

$

3,031

$

2,984

The following table presents notable items and alternative investment returns versus long-term return expectations:

Three Months Ended June 30,

(in millions)

2026

2025

Individual Retirement:

Alternative investments returns versus long-term return expectations

$

(42

)

$

12

Total adjustments

$

(42

)

$

12

Group Retirement:

Alternative investments returns versus long-term return expectations

$

(21

)

$

(6

)

Total adjustments

$

(21

)

$

(6

)

Life Insurance:

Alternative investments returns versus long-term return expectations

$

(10

)

$

1

Total adjustments

$

(10

)

$

1

Institutional Markets:

Alternative investments returns versus long-term return expectations

$

(62

)

$

33

Total adjustments

$

(62

)

$

33

Total Corebridge:

Alternative investments returns versus long-term return expectations

$

(135

)

$

40

Total adjustments

$

(135

)

$

40

The following table presents premiums and deposits:

Three Months Ended June 30,

(in millions)

2026

2025

Individual Retirement

Premiums

$

26

$

31

Deposits

3,799

6,457

Other(1)

(3

)

(1

)

Premiums and deposits

$

3,822

$

6,487

Group Retirement

Premiums

$

4

$

—

Deposits

1,765

1,976

Premiums and deposits(2)(3)

$

1,769

$

1,976

Life Insurance

Premiums

$

382

$

377

Deposits

391

393

Other(1)

97

98

Premiums and deposits

$

870

$

868

Institutional Markets

Premiums

$

129

$

25

Deposits

2,455

1,102

Other(1)

21

8

Premiums and deposits

$

2,605

$

1,135

Total

Premiums

$

541

$

433

Deposits

8,410

9,928

Other(1)

115

105

Premiums and deposits

$

9,066

$

10,466

(1) Other principally consists of ceded premiums, in order to reflect gross premiums and deposits

(2) Includes inflows related to in-plan mutual funds of $781 million and $842 million for the three months ended June 30, 2026 and June 30, 2025, respectively

(3) Excludes client deposits into advisory and brokerage accounts of $935 million and $744 million for the three months ended June 30, 2026 and June 30, 2025, respectively

Corebridge Financial, Inc. (NYSE: CRBG) (“Corebridge”) and Equitable Holdings, Inc. (NYSE: EQH) (“Equitable”) today announced that the stockholders of b

Posted by Defense World Staff on Jul 27th, 2026

Entropy Technologies LP cut its stake in Corebridge Financial, Inc. (NYSE:CRBG – Free Report) by 46.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,055 shares of the company’s stock after selling 74,404 shares during the period. Entropy Technologies LP’s holdings in Corebridge Financial were worth $2,077,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Bank of Nova Scotia grew its holdings in shares of Corebridge Financial by 3.8% during the 2nd quarter. Bank of Nova Scotia now owns 9,328 shares of the company’s stock worth $331,000 after acquiring an additional 340 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Corebridge Financial by 2.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,424 shares of the company’s stock valued at $494,000 after purchasing an additional 383 shares during the period. Van ECK Associates Corp lifted its stake in shares of Corebridge Financial by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 4,684 shares of the company’s stock valued at $141,000 after purchasing an additional 435 shares during the period. Empowered Funds LLC boosted its position in shares of Corebridge Financial by 7.1% during the fourth quarter. Empowered Funds LLC now owns 7,042 shares of the company’s stock valued at $212,000 after purchasing an additional 465 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Corebridge Financial by 35.0% during the fourth quarter. Assetmark Inc. now owns 1,877 shares of the company’s stock valued at $57,000 after purchasing an additional 487 shares in the last quarter. 98.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In A number of equities analysts have issued reports on CRBG shares. TD Cowen increased their price objective on Corebridge Financial from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Bank of America dropped their target price on shares of Corebridge Financial from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Keefe, Bruyette & Woods upped their target price on shares of Corebridge Financial from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. UBS Group increased their price target on shares of Corebridge Financial from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, Wells Fargo & Company lifted their price target on shares of Corebridge Financial from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.75.

Get Our Latest Report on Corebridge Financial

Corebridge Financial Stock Down 0.0% CRBG stock opened at $31.28 on Monday. Corebridge Financial, Inc. has a twelve month low of $22.19 and a twelve month high of $36.57. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.99. The firm has a market cap of $13.95 billion, a PE ratio of 56.88, a price-to-earnings-growth ratio of 0.39 and a beta of 1.10. The business has a 50 day moving average of $28.90 and a 200 day moving average of $27.92.

Corebridge Financial (NYSE:CRBG – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). Corebridge Financial had a net margin of 1.20% and a return on equity of 18.44%. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the previous year, the firm posted $1.16 EPS. On average, research analysts forecast that Corebridge Financial, Inc. will post 4.55 EPS for the current fiscal year.

Corebridge Financial Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.2%. Corebridge Financial’s dividend payout ratio (DPR) is presently 181.82%.

Insider Activity In other news, insider David Ditillo sold 4,250 shares of Corebridge Financial stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $30.00, for a total value of $127,500.00. Following the completion of the transaction, the insider owned 128,153 shares of the company’s stock, valued at $3,844,590. The trade was a 3.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by corporate insiders.

About Corebridge Financial (Free Report)

Corebridge Financial (NYSE: CRBG) is a publicly traded provider of retirement, life insurance and asset management solutions. Formed from the separation of American International Group’s life and retirement operations, Corebridge focuses on helping individuals, employers and institutions manage retirement income, protect against longevity and mortality risks, and invest long-term savings. The company operates under a unified brand that brings together insurance products and investment capabilities to deliver integrated financial solutions.

Corebridge’s product suite includes retirement income and annuity products, individual and group life insurance, asset management and investment advisory services, and employer-sponsored retirement plan offerings.

See Also Five stocks we like better than Corebridge Financial RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Want to see what other hedge funds are holding CRBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corebridge Financial, Inc. (NYSE:CRBG – Free Report).

Receive News & Ratings for Corebridge Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corebridge Financial and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINESeaboard Corporation $SEB Shares Acquired by Entropy Technologies LP

NEXT HEADLINE »Everest Financial Group LLC Makes New $530,000 Investment in American Healthcare REIT, Inc. $AHR

-

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Equitable Holdings, Inc. (NYSE: EQH) and Corebridge Financial, Inc. (NYSE: CRBG). Under the terms of the agreement, each outstanding share of Equitable common stock will be exchanged for the right to receive 1.55516 shares of the new parent company’s common stock, and upon completion of the proposed transaction, Equitable shareholders will own approximately 49% of the combined company. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger is fair to Equitable shareholders.

If you would like to discuss your legal rights regarding the proposed transaction, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-eqh/ to learn more.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

More News From Kahn Swick & Foti, LLC

Back to Newsroom

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that it will report second quarter 2026 financial results after the market closes on Tuesday, August 4, 2026. Corebridge earnings materials will be available in the Investors section of corebridgefinancial.com.

Corebridge will host a conference call at 9:00 a.m. EDT on Wednesday, August 5, 2026, to review these results. The 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. makes it possible for more people to take action in their financial lives. With more than $380 billion in assets under management and administration as of March 31, 2026, Corebridge Financial is one of the largest providers of retirement solutions and insurance products in the United States. We proudly partner with financial professionals and institutions to help individuals plan, save for and achieve secure financial futures. For more information, visit corebridgefinancial.com and follow us on LinkedIn.

Are CRBG, EQH, AVNS Obtaining Fair Deals for their Shareholders? PR Newswire NEW YORK, June 25, 2026

New Corebridge Financial Research Reveals Only 28% of Workers and Retirees Are Psychologically Comfortable Spending Their Retirement Savings New Corebridge Financial Research Reveals Only 28% of Workers and Retirees Are Psychologically Comfortable Spending Their Retirement Savings

Posted by Defense World Staff on Apr 13th, 2026

Massachusetts Financial Services Co. MA cut its stake in shares of Corebridge Financial, Inc. (NYSE:CRBG – Free Report) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,349,746 shares of the company’s stock after selling 811,172 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.41% of Corebridge Financial worth $221,742,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Bank of Nova Scotia increased its position in shares of Corebridge Financial by 3.8% during the second quarter. Bank of Nova Scotia now owns 9,328 shares of the company’s stock valued at $331,000 after acquiring an additional 340 shares during the last quarter. Severin Investments LLC increased its position in shares of Corebridge Financial by 1.4% during the third quarter. Severin Investments LLC now owns 24,778 shares of the company’s stock valued at $794,000 after acquiring an additional 350 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Corebridge Financial by 83.6% during the third quarter. Smartleaf Asset Management LLC now owns 828 shares of the company’s stock valued at $27,000 after acquiring an additional 377 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Corebridge Financial by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,424 shares of the company’s stock valued at $494,000 after acquiring an additional 383 shares during the last quarter. Finally, True Wealth Design LLC increased its position in shares of Corebridge Financial by 50.2% during the fourth quarter. True Wealth Design LLC now owns 1,233 shares of the company’s stock valued at $37,000 after acquiring an additional 412 shares during the last quarter. 98.25% of the stock is currently owned by institutional investors and hedge funds.

Corebridge Financial Price Performance Shares of CRBG opened at $24.43 on Monday. Corebridge Financial, Inc. has a fifty-two week low of $22.19 and a fifty-two week high of $36.57. The firm’s 50 day moving average price is $26.48 and its 200 day moving average price is $29.25. The company has a market cap of $11.77 billion, a P/E ratio of -46.08, a PEG ratio of 0.39 and a beta of 1.12. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.11.

Corebridge Financial (NYSE:CRBG – Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.11 by $0.11. Corebridge Financial had a negative net margin of 1.73% and a positive return on equity of 18.92%. The company had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $5.02 billion. During the same quarter in the previous year, the business posted $1.06 EPS. On average, research analysts forecast that Corebridge Financial, Inc. will post 5.43 earnings per share for the current fiscal year.

Corebridge Financial Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.1%. This is a boost from Corebridge Financial’s previous quarterly dividend of $0.24. Corebridge Financial’s payout ratio is currently -188.68%.

Wall Street Analyst Weigh In A number of brokerages have weighed in on CRBG. UBS Group dropped their price target on shares of Corebridge Financial from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Keefe, Bruyette & Woods cut their target price on shares of Corebridge Financial from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Friday. Zacks Research raised shares of Corebridge Financial from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Piper Sandler raised shares of Corebridge Financial to a “strong-buy” rating in a research note on Thursday, April 2nd. Finally, Wells Fargo & Company cut their target price on shares of Corebridge Financial from $36.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.55.

View Our Latest Analysis on Corebridge Financial

Corebridge Financial Profile (Free Report)

Corebridge Financial (NYSE: CRBG) is a publicly traded provider of retirement, life insurance and asset management solutions. Formed from the separation of American International Group’s life and retirement operations, Corebridge focuses on helping individuals, employers and institutions manage retirement income, protect against longevity and mortality risks, and invest long-term savings. The company operates under a unified brand that brings together insurance products and investment capabilities to deliver integrated financial solutions.

Corebridge’s product suite includes retirement income and annuity products, individual and group life insurance, asset management and investment advisory services, and employer-sponsored retirement plan offerings.

Featured Stories Five stocks we like better than Corebridge Financial Want to see what other hedge funds are holding CRBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corebridge Financial, Inc. (NYSE:CRBG – Free Report).

Receive News & Ratings for Corebridge Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corebridge Financial and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINERidgecrest Wealth Partners LLC Sells 7,343 Shares of Exxon Mobil Corporation $XOM

NEXT HEADLINE »Massachusetts Financial Services Co. MA Has $227.87 Million Position in Intel Corporation $INTC

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that its Board of Directors elected Hirotaka Inoue as a director effective April 21, 2026. Mr. Inoue will serve as a Nippon Life Insurance Company-designated director and will replace Minoru Kimura, who will depart from the Board effective April 20, 2026. “We are pleased to welcome Hirotaka Inoue to the Corebridge Board,” said Alan Colberg, Chair of the Board of Corebridge Financial. “Hiro brings deep expertise in.

Posted by Defense World Staff on Apr 24th, 2026

Cwm LLC boosted its position in Corebridge Financial, Inc. (NYSE:CRBG – Free Report) by 50.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,059 shares of the company’s stock after purchasing an additional 31,892 shares during the period. Cwm LLC’s holdings in Corebridge Financial were worth $2,868,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Community Bank N.A. acquired a new position in Corebridge Financial during the 3rd quarter worth approximately $26,000. Smartleaf Asset Management LLC boosted its stake in shares of Corebridge Financial by 83.6% in the third quarter. Smartleaf Asset Management LLC now owns 828 shares of the company’s stock valued at $27,000 after buying an additional 377 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Corebridge Financial in the third quarter valued at approximately $32,000. True Wealth Design LLC grew its holdings in Corebridge Financial by 50.2% during the fourth quarter. True Wealth Design LLC now owns 1,233 shares of the company’s stock worth $37,000 after acquiring an additional 412 shares during the period. Finally, Assetmark Inc. grew its holdings in Corebridge Financial by 47.7% during the third quarter. Assetmark Inc. now owns 1,390 shares of the company’s stock worth $45,000 after acquiring an additional 449 shares during the period. Hedge funds and other institutional investors own 98.25% of the company’s stock.

Wall Street Analyst Weigh In CRBG has been the subject of a number of recent analyst reports. Barclays reduced their target price on Corebridge Financial from $33.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Weiss Ratings cut shares of Corebridge Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 15th. Zacks Research raised shares of Corebridge Financial from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. UBS Group lowered their price target on shares of Corebridge Financial from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Finally, TD Cowen lowered their price target on shares of Corebridge Financial from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Corebridge Financial currently has an average rating of “Moderate Buy” and a consensus target price of $35.33.

Check Out Our Latest Report on CRBG

Corebridge Financial Stock Performance NYSE:CRBG opened at $26.53 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.11. Corebridge Financial, Inc. has a fifty-two week low of $22.19 and a fifty-two week high of $36.57. The stock has a market cap of $12.78 billion, a PE ratio of -50.06, a price-to-earnings-growth ratio of 0.36 and a beta of 1.12. The firm’s fifty day simple moving average is $25.67 and its 200-day simple moving average is $28.90.

Corebridge Financial (NYSE:CRBG – Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. Corebridge Financial had a negative net margin of 1.73% and a positive return on equity of 18.92%. The business had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $5.02 billion. During the same period in the prior year, the company posted $1.06 EPS. Analysts expect that Corebridge Financial, Inc. will post 4.99 earnings per share for the current fiscal year.

Corebridge Financial Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, March 17th. This is a positive change from Corebridge Financial’s previous quarterly dividend of $0.24. Corebridge Financial’s dividend payout ratio is currently -188.68%.

About Corebridge Financial (Free Report)

Corebridge Financial (NYSE: CRBG) is a publicly traded provider of retirement, life insurance and asset management solutions. Formed from the separation of American International Group’s life and retirement operations, Corebridge focuses on helping individuals, employers and institutions manage retirement income, protect against longevity and mortality risks, and invest long-term savings. The company operates under a unified brand that brings together insurance products and investment capabilities to deliver integrated financial solutions.

Corebridge’s product suite includes retirement income and annuity products, individual and group life insurance, asset management and investment advisory services, and employer-sponsored retirement plan offerings.

Read More Five stocks we like better than Corebridge Financial Want to see what other hedge funds are holding CRBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corebridge Financial, Inc. (NYSE:CRBG – Free Report).

Receive News & Ratings for Corebridge Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corebridge Financial and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINECwm LLC Buys 24,139 Shares of Essent Group Ltd. $ESNT

NEXT HEADLINE »B. Metzler seel. Sohn & Co. AG Has $8.97 Million Stock Holdings in GE Vernova Inc. $GEV

Wall Street expects a year-over-year decline in earnings on higher revenues when Prudential (PRU - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 5. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis financial services company is expected to post quarterly earnings of $3.23 per share in its upcoming report, which represents a year-over-year change of -1.8%.

Revenues are expected to be $14.31 billion, up 6.7% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 3.24% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Prudential?For Prudential, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -3.41%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Prudential will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Prudential would post earnings of $3.37 per share when it actually produced earnings of $3.30, delivering a surprise of -2.08%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Prudential doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAnother stock from the Zacks Insurance - Multi line industry, Corebridge Financial (CRBG - Free Report) , is soon expected to post earnings of $1.09 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of -6%. Revenues for the quarter are expected to be $4.76 billion, up 0.5% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Corebridge has been revised 3% down to the current level. Nevertheless, the company now has an Earnings ESP of -3.82%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Corebridge will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Corebridge Financial (CRBG - Free Report) came out with quarterly earnings of $1.05 per share, missing the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -1.43%. A quarter ago, it was expected that this financial services company would post earnings of $1.11 per share when it actually produced earnings of $1.22, delivering a surprise of +9.91%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Corebridge, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $4.09 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 14.18%. This compares to year-ago revenues of $4.74 billion. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Corebridge shares have lost about 8.8% since the beginning of the year versus the S&P 500's gain of 5.6%.

What's Next for Corebridge?While Corebridge has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Corebridge was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.22 on $4.75 billion in revenues for the coming quarter and $4.91 on $20.69 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Multi line is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Octave Specialty Group (OSG - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.

This bond insurer is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +130.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Octave Specialty Group's revenues are expected to be $83.46 million, up 33% from the year-ago quarter.

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that it has declared a dividend of $36.85763889 per share on its 6.875% fixed rate reset non-cumulative preferred stock, Series A, with a liquidation preference of $1,000 per share. The declared dividend includes the regular semi-annual dividend and a stub dividend for the period from the Series A preferred stock's issuance on November 13, 2025, through November 30, 2025. The dividend is payable on June 1, 2026, t.

Corebridge Financial, Inc. (CRBG) Q1 2026 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that Marc Costantini, President and Chief Executive Officer, and Christopher Filiaggi, Interim Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley U.S. Financials Conference at 3:15 p.m. EDT on Tuesday, June 9, 2026. The live webcast can be accessed in the Investors section of corebridgefinancial.com, and a replay will be available after the event. About Corebridge Financial Corebrid.

Baltimore City Public Schools (City Schools) has selected Corebridge Financial as the sole provider for its supplemental retirement savings plans. By consolida

Corebridge Financial, Inc. (CRBG) Presents at Morgan Stanley US Financials Conference 2026 Transcript