Corebridge Financial Inc Stock Price, News & Analysis

Corebridge Financial (NYSE: CRBG) has completed the major portion of its previously announced variable annuity reinsurance agreement with Venerable Holdings' subsidiary. The closed portion involves American General Life Insurance Company (AGL), representing approximately 90% of the total transaction value.

The agreement includes reinsurance of AGL's entire in-force Individual Retirement variable annuity book and new contracts through a flow reinsurance arrangement. The remaining components, including reinsurance of USL-issued variable annuities and the sale of SAAMCo, are expected to close in Q4 2025, pending regulatory approvals.

Corebridge Financial (NYSE:CRBG) has scheduled its second quarter 2025 financial results announcement for Monday, August 4, 2025, after market close. The company will hold a conference call to discuss the results on Tuesday, August 5, 2025, at 10:00 a.m. EDT.

Earnings materials will be accessible through the Investors section of the company's website. A webcast of the conference call will also be available, with a replay provided shortly after the event.

Corebridge Real Estate Investors (NYSE:CRBG) and Equus Capital Partners have sold a significant industrial real estate portfolio to Town Lane in Raleigh-Durham. The portfolio comprises 2.7 million square feet of shallow bay industrial real estate across 55 buildings in six industrial parks, along with 40 acres of developable land.

The transaction maintains continuity as BPG Management, an Equus affiliate, will continue managing and leasing the properties, while Equus retains a minority stake. The portfolio, located in supply-constrained, last-mile areas, serves diverse regional and local economy tenants and has shown resilient performance across economic cycles.

During Corebridge's 4+ year ownership, the company executed over 2 million square feet of leases (78% of portfolio GLA) through new, renewal, and expansion agreements. Town Lane plans to continue investing in the portfolio through value-add capital expenditures and potential development of the additional land sites.

Corebridge Financial (NYSE:CRBG) has announced a transformative $2.8 billion transaction with Venerable Holdings to reinsure its entire Individual Retirement variable annuity portfolio, which has a total account value of $51 billion as of March 31, 2025.

The deal will generate $2.1 billion in net distributable proceeds after-tax, with the majority earmarked for share repurchases. The Board has authorized a $2 billion increase to the share repurchase program. The transaction includes $5 billion of General Account AV and $46 billion of Separate Account AV, along with the sale of related investment adviser SAAMCo.

The transaction is expected to close in Q3-Q4 2025, subject to regulatory approvals. Corebridge will maintain its broad annuity product platform, continuing to offer fixed, index, and RILA products while reducing risk exposure.

Corebridge Financial (NYSE: CRBG) reported mixed Q1 2025 results with a net loss of $664 million ($1.19 per share), compared to a gain of $878 million in Q1 2024. However, the company achieved adjusted after-tax operating income of $649 million and operating EPS of $1.16, representing a 5% year-over-year increase.

Key financial metrics include premiums and deposits of $9.3 billion (down 12% YoY), core sources of income increasing 1% (excluding notable items and international businesses), and holding company liquidity of $2.4 billion. The company returned $454 million to shareholders through $321 million in share repurchases and $133 million in dividends, an 18% increase year-over-year.

The net loss was primarily attributed to higher realized losses, including the Fortitude Re funds withheld embedded derivative, and unfavorable changes in market risk benefits, partially offset by higher net investment income. The company maintained strong capital position with Life Fleet RBC ratio above target and declared a quarterly dividend of $0.24 per share.

Corebridge Financial (NYSE: CRBG) has scheduled the release of its first quarter 2025 financial results for Monday, May 5, 2025, after market close. The company will discuss the results during a conference call on Tuesday, May 6, 2025, at 10:00 a.m. EDT.

Earnings materials will be accessible in the Investors section of corebridgefinancial.com. A webcast of the conference call will also be available on the company's website, with a replay option provided after the event.

Corebridge Financial (NYSE: CRBG) reported strong Q4 and full-year 2024 results. Q4 highlights include net income of $2.2 billion ($3.80 per share), adjusted after-tax operating income of $701 million ($1.23 per share), and premiums and deposits of $9.9 billion.

Full-year 2024 performance showed net income of $2.2 billion ($3.72 per share), adjusted after-tax operating income of $2.9 billion ($4.83 per share), and premiums and deposits of $41.7 billion. The company returned $2.3 billion to shareholders through $1.8 billion in share repurchases and $544 million in dividends.

The Board approved a $2 billion increase to the share repurchase authorization and raised the quarterly dividend to $0.24 per share. The company maintains strong financial health with holding company liquidity of $2.2 billion and a Life Fleet RBC ratio of 420-430%.

Corebridge Financial has unveiled a new digital platform for retirement plan participants, featuring enhanced tools and capabilities for account management and financial planning. The platform includes a Personal Dashboard displaying account balances, performance metrics, and contribution details, with the ability to integrate outside assets.

Key features include an Action Bar for quick navigation to frequently used features, a Message Center for secure document handling, and integrated planning tools such as the Retirement Outlook Tool and Financial Wellness Assessment. The platform is available both on web and mobile app, with DALBAR recognizing it as one of the industry's best for mobile optimization.

The system provides personalized guidance through interactive education resources, financial wellness tools, and direct access to financial professionals, aiming to streamline the retirement planning experience for participants.

Corebridge Financial (NYSE: CRBG) has announced its schedule for the release of fourth quarter and full year 2024 financial results. The company will publish its earnings report after market close on Wednesday, February 12, 2025. Following the release, Corebridge will host a conference call at 10:00 a.m. EST on Thursday, February 13, 2025, to discuss the results.

All earnings materials will be made available in the Investors section of corebridgefinancial.com. Investors can access the webcast through the company's website, and a replay will be available shortly after the event.