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.
Corebridge Financial, Inc. (NYSE: CRBG) is a U.S. financial services company focused on retirement solutions and insurance products. This news page aggregates company announcements, press releases and market updates that relate to Corebridge’s operations, capital markets activity and corporate developments.
Corebridge regularly issues news about its financial results, including quarterly earnings releases that discuss net income, adjusted after-tax operating income, premiums and deposits, and segment performance across Individual Retirement, Group Retirement, Life Insurance and Institutional Markets. These releases often include commentary on spread income, fee income and underwriting margin, as well as capital and liquidity metrics.
Investors can also find transaction-related news, such as announcements about reinsurance agreements, asset sales and capital markets offerings. For example, the company has reported on a Master Transaction Agreement involving the reinsurance of individual retirement variable annuity contracts and the sale of SunAmerica Asset Management, LLC (SAAMCo) to Venerable Holdings, Inc. It has also announced secondary offerings of common stock by American International Group, Inc. and its own repurchase of shares from the underwriter.
Corporate governance and leadership updates form another key category of news. Corebridge has issued press releases about board changes, including the election of a director pursuant to a stockholder’s agreement with Nippon Life Insurance Company, and about executive transitions, such as the planned departure of its Chief Financial Officer. Index-related announcements, including the company’s addition to the S&P MidCap 400 Index, are also covered.
By following this page, readers can review Corebridge’s official communications on earnings, strategic transactions, financing activities and governance events, all of which shape the context for analyzing CRBG as a mid-cap financial stock focused on retirement and insurance markets.
Corebridge Financial, Inc. (NYSE: CRBG) will report its third quarter 2022 financial results before the market opens on November 9, 2022. The company's financial supplement will be available in the Investors section of corebridgefinancial.com. A conference call is scheduled for 8:30 a.m. EST on the same day to discuss these results. Corebridge manages over $350 billion in assets as of June 30, 2022, making it a prominent provider of retirement solutions and insurance products in the United States.
Corebridge Financial (NYSE: CRBG) has appointed Terri Fiedler as President of its Retirement Services business, effective immediately. Previously serving as President of Financial Distributors since 2019, Fiedler will report to CEO Kevin Hogan. She replaces Robert Scheinerman, who has left to pursue new opportunities. Corebridge's Retirement Services business serves approximately 2 million individuals and manages over $350 billion in assets, focusing on employer-sponsored retirement plans.
Corebridge Financial (NYSE: CRBG) has announced a quarterly cash dividend of $0.23 per share, payable on October 20, 2022. Shareholders of record will be those on file as of October 10, 2022. As of June 30, 2022, the company manages over $350 billion in assets, positioning itself as a leading provider of retirement solutions and insurance products in the United States.
American International Group (AIG) announced the successful closing of its initial public offering (IPO) for Corebridge Financial (CRBG), raising approximately USD 1.7 billion before deductions. Corebridge's shares began trading on the New York Stock Exchange on September 15. J.P. Morgan, Morgan Stanley, and Piper Sandler served as lead bookrunners for the offering. The IPO registration was effective on September 14, 2022, with the final prospectus available from securing institutions. The funds raised aim to fortify AIG's financial standing and support Corebridge's growth in retirement solutions.
American International Group (AIG) has priced the IPO of Corebridge Financial (CRBG) at USD 21 per share, with trading set to start on Sept. 15, 2022. AIG will offer 80 million shares, generating approximately USD 1.7 billion in gross proceeds. The offering's closing is expected on Sept. 19, 2022, pending standard conditions. J.P. Morgan leads the underwriting team. AIG has also provided a 30-day option for underwriters to purchase an additional 12 million shares. The IPO registration was effective as of Sept. 14, 2022.