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[SCHEDULE 13D/A] Corebridge Financial, Inc. Amended Major Shareholder Report

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Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Nippon Life Insurance Company filed an amended Schedule 13D reporting its updated ownership in Corebridge Financial, Inc. after Corebridge’s share repurchases reduced shares outstanding. Nippon Life now beneficially owns 121,992,994 shares of Corebridge common stock, representing 25.3% of the class.

This total includes 121,956,256 shares held directly by Nippon Life and 36,738 shares held by its wholly owned subsidiary, Nissay Asset Management Corporation. The percentage is based on 481,685,891 Corebridge shares outstanding as of February 6, 2026, as disclosed in Corebridge’s Form 10-K.

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Insights

Nippon Life reports a 25.3% Corebridge stake driven by issuer buybacks.

Nippon Life Insurance Company now reports beneficial ownership of 121,992,994 Corebridge shares, equal to 25.3% of the common stock. The change in percentage results from Corebridge repurchasing its own shares under a board-authorized buyback program, which reduced shares outstanding.

The filing specifies that the stake comprises shares held directly by Nippon Life and by its wholly owned subsidiary Nissay Asset Management Corporation. The ownership percentage is calculated using 481,685,891 shares outstanding as of February 6, 2026, as disclosed in Corebridge’s Form 10-K filed on February 11, 2026.

This amendment mainly updates ownership calculations rather than signaling new share purchases or sales by Nippon Life. Any governance impact depends on how this more than one-quarter stake is exercised, which is not addressed in the provided excerpt.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D






SCHEDULE 13D


Nippon Life Insurance Company
Signature:/s/ Tomohiro Yao
Name/Title:Tomohiro Yao, Executive Officer
Date:02/12/2026

FAQ

What percentage of Corebridge Financial (CRBD) does Nippon Life now own?

Nippon Life Insurance Company now beneficially owns 25.3% of Corebridge Financial’s common stock. This percentage is based on 481,685,891 shares outstanding as of February 6, 2026, as disclosed in Corebridge’s Annual Report on Form 10-K.

How many Corebridge Financial (CRBD) shares does Nippon Life report owning?

Nippon Life reports beneficial ownership of 121,992,994 Corebridge common shares. This includes 121,956,256 shares held directly by Nippon Life and 36,738 shares held by its wholly owned subsidiary, Nissay Asset Management Corporation, which Nippon Life may be deemed to own.

Why did Nippon Life file Amendment No. 2 to its Corebridge (CRBD) Schedule 13D?

The amendment was filed to reflect changes in Nippon Life’s ownership percentage caused by Corebridge’s share repurchases. Corebridge’s board-authorized buyback increased treasury shares and reduced shares outstanding, raising Nippon Life’s reported percentage without changing its underlying share count.

What share count did Corebridge (CRBD) use to calculate Nippon Life’s 25.3% stake?

The 25.3% ownership is calculated using 481,685,891 Corebridge common shares outstanding as of February 6, 2026. This share count is disclosed in Corebridge’s Annual Report on Form 10-K filed with the SEC on February 11, 2026.

Which entities hold Corebridge (CRBD) shares for Nippon Life’s reported stake?

The reported stake includes shares held by Nippon Life Insurance Company and by Nissay Asset Management Corporation. Nippon Life holds 121,956,256 shares directly, while Nissay Asset Management, its direct wholly owned subsidiary, holds 36,738 shares.

What triggered the change in Nippon Life’s Corebridge (CRBD) ownership percentage?

Corebridge’s share repurchases, executed under a board-authorized share repurchase program, increased treasury stock and reduced issued and outstanding shares. This mechanical change raised Nippon Life’s reported ownership percentage, even though its total share count remained as disclosed.
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