Corebridge Financial Inc

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

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q3 2023

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Earnings data Q4 2024

Corebridge Financial excels in Q1 2023, eyes strategic growth

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

Corebridge Financial delivers exceptional Q2 results, eyes strategic optimization

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

Corebridge Financial Inc reports robust Q3 performance and strategic shifts

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

Corebridge Financial Inc posts record earnings, eyes growth opportunities

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

Corebridge Financial Inc reports robust Q1 performance and optimistic outlook

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

Corebridge Financial Inc reports robust Q3 performance and growth opportunities

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

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

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. ("Corebridge" or the "Company") (NYSE: CRBG) today reported financial results for the third quarter ended September 30, 2023. Kevin Hogan, President and Chief Executive Officer of Corebridge, said, “I am pleased to report outstanding progress over what has been an extraordinary twelve months since our initial public offering. Corebridge has executed with focus and precision, increasing premiums and deposits by 28% over the first nine months o.

Corebridge Financial Announces Third Quarter 2023 Results

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) (“Corebridge” or the “Company”) today announced that its Board of Directors has declared a special dividend of $1.16 per share payable on November 22, 2023, to common shareholders of record on November 13, 2023. The aggregate amount of the payment to be made in connection with this special dividend will be approximately $730 million. About Corebridge Financial Corebridge Financial, Inc. makes it possible for more people to take a.

Corebridge Financial Declares Special Dividend of $1.16 Per Share

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that it has successfully completed the previously announced sale of Laya Healthcare Limited (“laya healthcare”) to a subsidiary of AXA S.A. (“AXA”). Laya healthcare, which is the second largest health insurance provider in Ireland, is a full-service managing general agent headquartered in Cork, Ireland and offers a diverse suite of innovative health insurance products and services in Ireland, along with life insur.

Corebridge Financial Completes Sale of Laya Healthcare to AXA

In the closing of the recent trading day, Corebridge Financial (CRBG) stood at $20.13, denoting a +1% change from the preceding trading day.

Here's Why Corebridge Financial (CRBG) Gained But Lagged the Market Today

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

Corebridge Financial (CRBG) Reports Next Week: Wall Street Expects Earnings Growth

Corebridge Financial (CRBG) closed at $20.73 in the latest trading session, marking a +1.17% move from the prior day.

Why Corebridge Financial (CRBG) Outpaced the Stock Market Today

Corebridge is recommended as a Buy due to its competitive advantages, catalysts for growth, operational efficiency, financial prudency, and undervaluation compared to peers. The company is well-positioned in the growing group retirement sector, which is expected to benefit from the increasing share of over-60s in the US population. Corebridge's strategic partnership with Blackstone provides access to profitable investments and expertise, enhancing its competitive position and potential for future growth.

Corebridge Financial: A Shining Star Positioned For Outperformance

In the most recent trading session, Corebridge Financial (CRBG) closed at $20.62, indicating a +0.29% shift from the previous trading day.

Corebridge Financial (CRBG) Rises As Market Takes a Dip: Key Facts

Corebridge (CRBG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Corebridge (CRBG) Beat Estimates Again in Its Next Earnings Report?

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that it will report third quarter 2023 financial results before the market opens on Friday, November 3, 2023. Corebridge's press release and financial supplement will be available in the Investors section of corebridgefinancial.com. Corebridge will host a conference call at 8:30 a.m. EDT on Friday, November 3, 2023, to review these results. The webcast can be accessed in the Investors section of corebridgefinancia.

Corebridge Financial Schedules Announcement of Third Quarter 2023 Financial Results

Insurance stocks are outperforming in the rising interest rate environment, with Corebridge Financial leading the way. CRBG is one of the largest life insurance companies in the US, offering various life and retirement protection products. The stock is undervalued, with strong technicals and a high dividend yield, making it an attractive investment option.

Corebridge Financial: Profit Growth, Modest Valuation, High Yield, Momentum, Come Together

Corebridge (CRBG) intensifies its focus on core business with the sale of UK Life business to Aviva plc.

AIG's Corebridge (CRBG) to Sell UK Life, Streamlines Operations

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that it has entered into a definitive agreement to sell its UK life insurance business (operating as AIG Life Limited), to Aviva plc for a total consideration of £460 million in cash. The sale is expected to close in the first half of 2024, subject to customary closing conditions including regulatory approvals. Peter Zaffino, Chairman and Chief Executive Officer of majority shareholder American International Group.

Corebridge Financial to Sell UK Life Insurance Business to Aviva plc

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Investors with an interest in Insurance - Multi line stocks have likely encountered both Corebridge Financial (CRBG) and Prudential (PUK). But which of these two companies is the best option for those looking for undervalued stocks?

CRBG vs. PUK: Which Stock Is the Better Value Option?

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Value investing is essentially about selecting stocks that are cheap but fundamentally sound. Corebridge Financial (CRBG), General Motors (GM), StoneCo (STNE) and EnerSys (ENS) boast low P/CF ratios.

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PKX, APP and CRBG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 18, 2023.

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HOUSTON--(BUSINESS WIRE)--Corebridge Financial today announced that Isil Muderrisoglu has been named Head of Investor and Rating Agency Relations, effective immediately. Ms. Muderrisoglu will report to Elias Habayeb, Chief Financial Officer, Corebridge Financial. “Corebridge has made significant progress against the strategic initiatives and financial goals established at the time of the IPO,” said Habayeb. “With Isil's broad financial experience and deep industry expertise, we look forward to.

Corebridge Financial Names Isil Muderrisoglu Head of Investor and Rating Agency Relations

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GM, KB, CRBG, AXS and HAE have been added to the Zacks Rank #1 (Strong Buy) List on August 10, 2023.

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Corebridge's (CRBG) second-quarter results benefit from growing premiums, deposits and net investment income. Higher benefits expenses partially offset the positives.

Corebridge (CRBG) Q2 Earnings Top on Premium Growth, Rise Y/Y

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. ("Corebridge" or the "Company") (NYSE: CRBG) today reported financial results for the second quarter ended June 30, 2023. Kevin Hogan, President and Chief Executive Officer of Corebridge, said, “This was an excellent quarter for Corebridge, where we continued to benefit from our focused execution, disciplined risk management and the competitive strengths of our diversified businesses. We generated nearly $10 billion of premiums and deposits,.

Corebridge Financial Announces Second Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that it has entered into a definitive agreement to sell its subsidiary, Laya Healthcare Limited (“laya healthcare”), to AXA for a total consideration of €650 million in cash. The sale of laya healthcare is expected to close in the fourth quarter of 2023, subject to regulatory approvals and other customary closing conditions. Peter Zaffino, Chairman and Chief Executive Officer of majority shareholder American Inte.

Corebridge Financial to Sell Laya Healthcare to AXA

Corebridge's (CRBG) second-quarter results are likely to reflect increasing premiums and deposits and base spread income.

Will Higher Benefits Affect Corebridge's (CRBG) Q2 Earnings?

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The consensus price target hints at a 25% upside potential for Corebridge (CRBG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe Corebridge (CRBG) Could Rally 25.03%: Here's is How to Trade

Corebridge Financial (CRBG) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CRBG broke through the 200-day moving average, which suggests a long-term bullish trend.

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