Corebridge Financial, Inc. announced governance changes linked to its partnership with Nippon Life Insurance Company. The Board elected Hirotaka Inoue, a Nippon Life designee, as a director effective April 21, 2026, replacing Minoru Kimura, who departs April 20, 2026.
Earlier, the Board reduced its size to eleven members and granted Nippon Life a waiver so it may continue to have three Nippon Life-designated directors despite the new Board size. The Board also determined Mr. Inoue qualifies as an independent director and appointed Nippon Life designee Tomohiro Yao to the Nominating and Corporate Governance Committee.
Mr. Inoue, a senior executive at Nippon Life with experience in global insurance regulation and financial policy, will not receive Board compensation from Corebridge under the Nippon Life Stockholder’s Agreement. Corebridge highlights that it manages more than $385 billion in assets under management and administration as of December 31, 2025.
Corebridge Financial, Inc. is providing an early look at first-quarter 2026 variable investment income ahead of its full results. Management currently estimates variable investment income of $15 million to $25 million (pre-tax), with positive alternative investment returns largely offset by unrealized mark-to-market losses on certain fair value investments reported in Adjusted Pre-Tax Operating Income.
The company also discloses that, in consultation with Equitable Holdings, Inc., it is exploring potential repurchases of its common stock before closing of their pending merger announced on March 26, 2026. Any such buybacks would require a waiver under the merger agreement and their timing, size and pricing would be at the company’s discretion. All figures are preliminary, unaudited and subject to change once full closing procedures for the quarter ended March 31, 2026 are complete.
Corebridge Financial announced that Chris Filiaggi has been appointed Interim Chief Financial Officer, effective April 24. The appointment is an internal promotion emphasizing the depth of the Finance team as Corebridge prepares to merge with Equitable Holdings. The message frames the move as providing stability and continuity during the merger process.
Filiaggi Christopher reported acquisition or exercise transactions in this Form 4 filing.
Corebridge Financial, Inc. reported that Interim CFO and CAO Christopher Filiaggi received a grant of 30,549 shares of common stock on a restricted stock unit basis as a special retention equity award. The grant was approved by the Board’s Compensation and Management Development Committee.
The RSUs are time-vested and will cliff vest on April 1, 2028, meaning all units vest at once on that date, subject to his continued employment with the company through vesting. Following this award, Filiaggi directly holds 67,963 shares of common stock, which the disclosure notes includes 55,894 unvested RSUs. The award was granted under Corebridge’s 2022 Omnibus Incentive Plan and is described as exempt under Rule 16b-3.
Corebridge Financial, Inc. appointed Christopher Filiaggi as Interim Chief Financial Officer effective April 24, 2026, while he will continue serving as Chief Accounting Officer. The company granted a time‑vested retention RSU award with a grant date value of $750,000 and increased his 2026 target short‑term incentive to $800,000 from $400,000. The RSUs vest 100% on April 1, 2028, subject to continued employment and customary accelerated vesting triggers.
Corebridge Financial, Inc. has appointed Chief Accounting Officer Christopher Filiaggi as Interim Chief Financial Officer effective April 24, 2026, succeeding current CFO Elias Habayeb. Filiaggi will serve as both Interim Chief Financial Officer and Chief Accounting Officer as the company prepares for its planned merger with Equitable Holdings.
In connection with his appointment, Filiaggi received a time-vested restricted stock unit retention award with a grant date value of $750,000, vesting on April 1, 2028, subject to continued employment and certain termination protections, and his 2026 target short-term incentive award increased to $800,000 from $400,000. Corebridge notes it had more than $385 billion in assets under management and administration as of December 31, 2025.
Corebridge Financial and Equitable described post-merger retirement services plans and said Corebridge does not anticipate requiring plan sponsors to recontract or change day-to-day servicing relationships for the vast majority of plans. Corebridge is planning on an expected multi-year horizon of approximately three years, and any New York domiciled insurer consolidations would occur only with regulatory approval.
Nippon Life Insurance Company has amended its Schedule 13D/A on Corebridge Financial, Inc. to disclose a new Voting and Support Agreement tied to Corebridge’s planned merger with Equitable Holdings, Inc. Nippon Life beneficially owns 121,992,454 shares of Corebridge common stock, representing 26.7% of the outstanding shares based on 456,727,266 shares as of March 23, 2026.
Under the Voting and Support Agreement dated April 8, 2026, Nippon Life must, with limited qualifications, vote its Covered Stock in favor of the merger-related proposals and refrain from transferring that stock until stockholder approval, subject to certain exceptions. Nippon Life also agrees to use reasonable best efforts to obtain required regulatory and governmental approvals and keep Corebridge and Equitable informed of substantive regulatory communications.
At closing, Nippon Life and the new holding company are expected to enter a new stockholder’s agreement and a new registration rights agreement, replacing existing agreements with substantially similar terms. The filing also notes that a subsidiary, Nissay Asset Management Corporation, bought 33 shares and sold 573 shares of Corebridge stock in the open market on February 27, 2026 at $25.84 per share.
Corebridge Financial, Inc. entered into a Voting and Support Agreement with Nippon Life Insurance Company and Equitable Holdings, Inc. in connection with the previously announced merger between Corebridge and Equitable through newly formed holding companies. Nippon Life agrees to vote its Corebridge common stock in favor of the merger-related proposals and not transfer those shares before Corebridge stockholders approve the merger, subject to limited exceptions. Nippon Life also commits to use reasonable best efforts to obtain regulatory and governmental approvals and to keep Corebridge and Equitable informed about substantive regulatory communications. At closing, new stockholder and registration rights agreements between HoldCo and Nippon Life will replace existing agreements, and the Voting and Support Agreement will terminate upon closing, termination of the merger agreement, or certain other specified events.
Corebridge Financial and Equitable Holdings have entered a definitive all-stock merger agreement to combine their retirement, life, wealth and asset-management businesses. The companies say the combined firm will serve more than 12 million customers and manage or administer $1.5 trillion in assets. The parties expect the transaction to close by year-end 2026, subject to customary closing conditions including regulatory and shareholder approvals and the filing and effectiveness of a Registration Statement on Form S-4. Until closing, both companies will operate separately and current points of contact remain unchanged.