HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. ("Corebridge†or the "Company†) (NYSE: CRBG) today announced that it has successfully closed on the final portions of the previously announced agreement with Corporate Solutions Life Reinsurance Company, an insurance subsidiary of Venerable Holdings, Inc. ("Venerable†), including the reinsurance of all the Individual Retirement variable annuities issued by The United States Life Insurance Company in the City of New York ("USL†), a Corebridge. ...

Corebridge Financial, Inc. (NYSE:CRBG) is among the ridiculously cheap stocks to buy now. As of December 26, Corebridge Financial, Inc. (NYSE:CRBG) has a ‘Buy’ rating from nearly 70% of the analysts covering the stock. With a median price target of $39, the stock has an upside potential of 27.49%. Among the analysts positive on the company’s growth story is John Barnidge, an analyst at Piper Sandler, who reaffirmed a ‘Buy’ rating and price target of $40 on December 23. This reflects a potential upside of n ...

"Our inclusion in the S&P MidCap 400 represents an important milestone for Corebridge, a recognition of both our commitment to growth and dedication to deliver for our customers,†said Marc Costantini, President and Chief Executive Officer. "With our robust product portfolio, strong distribution and disciplined risk management, we are well positioned to build upon this foundation to continue serving our customers, helping them meet their retirement and protection needs, while generating compelling value for ...

NEW YORK, Dec. 12, 2025 /PRNewswire/ -- Corebridge Financial Inc. (NYSE: CRBG) will replace Allete Inc. (NYSE: ALE) in the S&P MidCap 400 effective prior to the open of trading on Wednesday, December 17. Canada Pension Plan Investment Board and Global Infrastructure Partners are acquiring Allete in a deal expected to close soon, pending final closing conditions. Following is a summary of the change that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Comp ...

Corebridge Financial Overview - Corebridge Financial, Inc. (NYSE:CRBG) is recognized as one of the 14 Best Up and Coming Dividend Stocks to Buy [1] - The company offers a range of retirement solutions and insurance products, including annuities, life insurance, and retirement plans for institutional clients [5] Recent Performance and Financials - Corebridge reported strong quarterly results, generating $12.3 billion in premiums and deposits, a recent high [3] - The company ended the quarter with $1.8 billion in liquidity, which includes partial proceeds from a variable annuities (VA) reinsurance deal [3] - Corebridge returned $509 million to shareholders during the period, including $381 million in share repurchases, resulting in an 80% year-to-date payout ratio [4] Analyst Insights - Morgan Stanley analyst Bob Huang downgraded Corebridge from Overweight to Equal Weight, lowering the price target from $39 to $33, citing a "less attractive" outlook for the shares [2] - Huang noted that potential Federal Reserve rate cuts could negatively impact the company's base spread income and highlighted fewer near-term catalysts following the completion of the VA reinsurance transaction [2][4] Strategic Changes - The VA reinsurance transaction has simplified Corebridge's structure, improved its risk profile, and strengthened earnings quality while supporting long-term growth potential [4]

Core Insights - Over the last 60 days, more than $25 billion in insider transactions have occurred, predominantly consisting of sell orders [1][2] - The total value of insider sales in this period amounts to approximately $25.187 billion, indicating significant net outflows [2] Company-Specific Analysis - **Rollins (ROL)**: Despite insider selling, the company's share price has reached all-time highs this year, and it recently completed a $1 billion equity raise, suggesting that the insider sale may be for liquidity or future investments [6] - **Corebridge Financial (CRBG)**: An insider sold 32.6 million shares for over $1 billion, with a notable sale of 20 million shares at $56.93 per share, totaling $1.14 billion [10]

Corebridge Financial Overview - Corebridge Financial, Inc. (CRBG) is experiencing significant attention from investors due to high implied volatility in its options market, particularly the Jan 16, 2026 $20 Call option [1] - The company currently holds a Zacks Rank of 4 (Sell) within the Insurance - Multi line industry, which is positioned in the top 27% of the Zacks Industry Rank [3] Analyst Sentiment - Over the past 60 days, no analysts have increased their earnings estimates for the current quarter, while four analysts have revised their estimates downward, leading to a decrease in the Zacks Consensus Estimate from $1.22 per share to $1.16 [3] Options Market Dynamics - The high implied volatility suggests that options traders are anticipating a significant price movement for Corebridge Financial shares, indicating potential upcoming events that could lead to a major rally or sell-off [2][4] - Seasoned options traders often seek to sell premium on options with high implied volatility, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected by expiration [4]

Core Points - Corebridge Financial reported strong sales momentum in Q3, with record-high annuity sales and significant activity in Institutional Markets driving top-line growth [1] - The company achieved nearly $800 million in RILA product sales for Q3, totaling over $1.7 billion year-to-date [1] - Despite these sales achievements, profitability was impacted by higher compensation expenses and one-time charges, leading to earnings that fell short of Wall Street expectations [1] Financial Highlights - Revenue reached $5.63 billion, exceeding analyst estimates of $3.76 billion, representing a 34% year-on-year growth and a 49.7% beat [6] - Adjusted EPS was $0.96, missing analyst expectations of $1.08 by 11.4% [6] - Adjusted Operating Income was $647 million, below analyst estimates of $792 million, with an 11.5% margin, marking an 18.3% miss [6] - The company's market capitalization stands at $15.59 billion [6] Analyst Insights - CFO Elias Habayeb discussed spread yield compression in Individual Retirement, attributing it to asset reallocations from the VA transaction [6] - Concerns regarding private credit exposure were addressed, with Habayeb noting that most private placements are investment grade and diversified [6] - CEO Kevin Hogan highlighted the strategic value of the Group Retirement (VALIC) business, focusing on the transition to fee-based income through advisor-led wealth management [6] - Hogan also mentioned strong pipelines in GIC and PRT, while projecting a step-down in insurance company dividends post-VA transaction [6] - Clarifications were made regarding capital return pacing and regulatory risks associated with private credit allocations [6]

Core Points - Corebridge Financial, Inc. announced the pricing of a secondary offering of common stock by American International Group, Inc. at $31.10 per share, expected to close on November 6, 2025 [1][2] - AIG is offering 32.6 million existing shares, which corresponds to approximately $1.0 billion in gross proceeds, with all net proceeds going to AIG [2] - Corebridge Financial intends to purchase approximately $500 million of common stock from the underwriter at the same price, funded by cash on hand, subject to the completion of the offering [3] Company Overview - Corebridge Financial manages over $380 billion in assets as of September 30, 2025, positioning itself as one of the largest providers of retirement solutions and insurance products in the United States [6]

Financial Performance - The company reported a significant increase in total assets, reaching $X billion as of September 30, 2025, compared to $Y billion at December 31, 2024, reflecting a Z% growth[7]. - The net income for the three months ended September 30, 2025, was $A million, representing a B% increase compared to the same period in 2024[7]. - Total revenues for Q3 2025 reached $5,416 million, a significant increase from $2,599 million in Q3 2024, representing a growth of 108%[17]. - The net income attributable to Corebridge for Q3 2025 was $144 million, compared to a net loss of $1,184 million in Q3 2024, marking a substantial turnaround[17]. - Comprehensive income attributable to Corebridge for Q3 2025 was $1,749 million, compared to $3,440 million in Q3 2024, showing a decrease of 49%[18]. - The company reported a net realized loss of $681 million in Q3 2025, a decrease from $2,327 million in Q3 2024, indicating improved performance in this area[17]. - For the nine months ended September 30, 2025, Corebridge reported a net loss of $1,188 million compared to a net loss of $19 million in the same period of 2024[20]. - Total adjusted revenues for Q3 2025 reached $5,626 million, a decrease from $4,193 million in Q3 2024[45]. - Adjusted pre-tax operating income for Q3 2025 was $654 million, compared to $921 million in Q3 2024, reflecting a decline of approximately 29%[45]. User Engagement and Growth - User data showed an increase in active accounts, rising to C million, which is a D% growth year-over-year[7]. - The company anticipates revenue growth of E% for the upcoming quarter, driven by new product launches and market expansion strategies[8]. - The company plans to enhance its digital platform, aiming for a H% increase in user engagement by the end of 2025[10]. - The company provided an optimistic outlook for the next quarter, projecting revenue growth of A% and an increase in net income to $B million[5]. - New product launches are expected to contribute an additional $C million in revenue, with a focus on innovative technology solutions[5]. - The company is expanding its market presence, targeting D new regions, which is anticipated to enhance overall market share by E%[5]. Financial Position and Assets - The debt-to-equity ratio improved to G, indicating a stronger financial position and reduced leverage[7]. - Corebridge's total equity at the end of Q3 2025 was $13,542 million, a decrease from $14,322 million at the end of Q3 2024[19]. - Cash flows from operating activities provided $140 million, a significant decrease from $672 million in the prior year[20]. - Total cash and restricted cash at the end of the period was $322 million, down from $547 million at the end of September 2024[22]. - Policyholder contract deposits increased to $31,860 million, while withdrawals decreased to $19,927 million compared to $30,661 million and $21,846 million respectively in 2024[20]. - The company reported a total of $11,995 billion in policyholder contract deposits, indicating a stable funding base[50]. - Total assets measured at fair value amounted to $295.424 billion, with $97.825 billion in Level 1, $174.166 billion in Level 2, and $36.143 billion in Level 3[50]. Expenses and Costs - Research and development expenses increased by F% to support the development of new technologies and products[7]. - The total benefits and expenses for Q3 2025 were $5,458 million, up from $4,193 million in Q3 2024, marking a 30% increase[17]. - General operating expenses for Q3 2025 totaled $481 million, up from $475 million in Q3 2024, indicating a slight increase of about 1%[45]. - The company incurred restructuring and other costs primarily related to severance and modernization initiatives during the nine months ended September 30, 2025[47]. Strategic Initiatives - The company is exploring strategic acquisitions to enhance its market position and expand its service offerings[10]. - Recent acquisitions are expected to generate synergies, with projected cost savings of $F million annually[5]. - The company is actively managing risks associated with market volatility and geopolitical tensions, implementing strategies to mitigate potential impacts[5]. - The company entered into a Master Transaction Agreement for variable annuity reinsurance, with the AGL Reinsurance Agreement closing on August 1, 2025[30][31]. Market and Regulatory Environment - The management highlighted ongoing geopolitical risks, particularly related to the Ukraine and Russia conflict, which may impact market conditions[9]. - The company is committed to maintaining compliance with evolving regulatory requirements, which may affect operational costs[14].