Welcome to our dedicated page for Corebridge Financial news (Ticker: $CRBG), a resource for investors and traders seeking the latest updates and insights on Corebridge Financial stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Corebridge Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Corebridge Financial's position in the market.
Corebridge Financial, Inc. (NYSE: CRBG) reported impressive first quarter results for 2024, with net income of $878 million, or $1.41 per share. Adjusted after-tax operating income was $688 million and operating EPS was $1.10 per share. Premiums and deposits reached $10.6 billion, with a base portfolio income growth of 18%. The company completed the Corebridge Forward modernization program ahead of schedule, generating $400 million in run rate savings. Additionally, the sale of the UK life insurance business to Aviva plc was finalized on April 8, 2024. The Board of Directors authorized a $2 billion increase to the share repurchase program, returning $386 million to shareholders this quarter. With a focus on profitable growth and disciplined expense management, Corebridge demonstrates resilience and strategic foresight in delivering shareholder value.
