Corebridge Financial Inc Stock Price, News & Analysis

Corebridge Financial has announced an exchange offer for up to $1.0 billion of its Senior Notes, which include various maturities ranging from 2025 to 2052. The U.S. Securities and Exchange Commission has declared effective its Registration Statement for this exchange on April 26, 2023. The offer includes exchange of Old Senior Notes for a like principal amount of New Senior Notes, which are registered under the Securities Act of 1933. This exchange offer will expire at 5:00 p.m. EDT on May 24, 2023, unless extended. The goal of this exchange is to enhance the liquidity and financial flexibility of Corebridge Financial.

Corebridge Financial, Inc. (NYSE: CRBG) is scheduled to report its first quarter 2023 financial results on May 9, 2023, before market opening. The press release and financial supplement will be available in the Investors section of their website. A conference call to discuss these results will take place at 8:30 a.m. EDT on the same day, with a webcast accessible through their website. As of December 31, 2022, Corebridge managed over $355 billion in assets, positioning itself as one of the largest providers of retirement and insurance solutions in the United States. The company emphasizes its commitment to assist individuals in achieving secure financial futures through partnerships with financial professionals and institutions.

RetireOne partners with Corebridge Financial to enhance its fee-based insurance solutions, offering two new advisory-centric annuities on its platform. This collaboration allows registered investment advisors (RIAs) to access zero-commission retirement solutions tailored for client needs. The new products include Power Index Advisory, designed for growth with principal protection, and Assured Edge Advisory, which offers predictable future income with annual increases. RetireOne currently manages over $1.3 billion in retirement savings, aiming to support RIAs in mitigating market risks and providing lifetime income options.

Corebridge Financial (NYSE: CRBG) has expanded its partnership with Market Synergy Group to launch Power Select Advisory, a fixed index annuity aimed at registered investment advisors (RIAs). This innovative product offers growth potential and downside protection, featuring indices from renowned asset managers Dimensional Fund Advisors and AllianceBernstein. Key benefits include protected lifetime income options with two guaranteed living benefit riders. Corebridge's new offering is set to enhance retirement savings solutions, aligning with current market demands for financial security.