Shares of Corebridge Financial, Inc. (CRBG) lost 2.4% since it reported third-quarter 2024 results on Nov. 4, 2024. The quarterly results were hurt by an elevated expense level, a decline in Life Insurance premiums and deposits and lower guaranteed investment contract deposits. Group Retirement also saw a drop in spread income, weighing on segment profitability. Nevertheless, the downside was partly offset by robust fixed annuity deposits and improved investment income. CRBG reported third-quarter 2024 oper ...

Shares of Corebridge Financial (NYSE: CRBG ) surged 9% on Wednesday, bringing their gains this past year to over 60%. Strong Q3 earnings results contributed to this rally, though financial stocks rallied as well in the wake of Donald Trump’s victory in the Presidential election. WhileOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or h ...

Corebridge Financial, Inc. (NYSE:CRBG) Q3 2024 Results Conference Call November 5, 2024 11:00 AM ET Company Participants Isil Muderrisoglu - Head of Investor and Rating Agency Relations Kevin Hogan - President and Chief Executive Officer Elias Habayeb - Chief Financial Officer Conference Call Participants Alex Scott - Barclays Wes Carmichael - Autonomous Research Suneet Kamath - Jefferies Ryan Kruger - KBW Tom Gallagher - Evercore Elyse Greenspan - Wells Fargo Wilma Burdis - Raymond James Josh Shanker - Ban ...

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-41504 Corebridge Financial, Inc. (Exact name of registrant as specified in its charter) Delaware 95-4715639 (State or ...

Corebridge Financial (CRBG) reported $4.53 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 11.1%. EPS of $1.38 for the same period compares to $1.05 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $5.72 billion, representing a surprise of -20.75%. The company delivered an EPS surprise of +17.95%, with the consensus EPS estimate being $1.17.While investors closely watch year-over-year changes in headline numbers -- revenue and ear ...

Corebridge Financial (CRBG) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.95%. A quarter ago, it was expected that this financial services company would post earnings of $1.10 per share when it actually produced earnings of $1.13, delivering a surprise of 2.73%.Over the last four ...

FOR IMMEDIATE RELEASE Corebridge Financial Announces Third Quarter 2024 Results 1 1 1 • Net loss of $1.2 billion, or $2.02 per share, largely a result of realized losses primarily driven by the Fortitude Re funds withheld embedded derivative • Adjusted after-tax operating income of $810 million and operating EPS of $1.38 per share • Premiums and deposits of $9.6 billion • Aggregate core sources of income increased 4% over the prior year quarter with growth across base spread income, fee income and underwrit ...

Corebridge Financial, Inc. (CRBG) recently launched its new retirement product, Corebridge MarketLock Annuity, through its American General Life Insurance subsidiary. This new product makes CRBG the only insurer among the top three companies to offer fixed annuities, variable annuities, index annuities and now registered index-linked annuities (RILA). MarketLock contains a unique accumulation strategy coupled with other popular RILA investment strategies in demand by finance professionals. This move bodes w ...

Richard Drury A Former AIG Spinoff & Diversified Financial Firm As we get past the middle of this trading week, and analysts keep an eye on the latest inflation figures, in today's article I'm revisiting a financial-sector stock I covered back in October 2023, Corebridge Financial, Inc. (NYSE:CRBG). In my original article I took a neutral stance and called it a hold, and since then, the share price has climbed +37% as of today's article writing. My neutral stance at the time was driven by concern over YoY d ...

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Flourish, a platform that provides innovative access to financial products that help registered investment advisors ("RIAs") improve their clients' financial outcomes, today announced its partnership with Corebridge Financial, one of the largest providers of retirement solutions and insurance products in the United States. Through the partnership, the American Pathway Advisory multi-year guaranteed annuity (MYGA) that Corebridge launched earlier this year will be ...