Corebridge Financial (CRBG) Tops Q1 Earnings Estimates

Corebridge Financial Earnings Summary - Corebridge Financial (CRBG) reported quarterly earnings of $1.16 per share, exceeding the Zacks Consensus Estimate of $1.15 per share, and up from $1.10 per share a year ago, representing an earnings surprise of 0.87% [1] - The company posted revenues of $4.74 billion for the quarter ended March 2025, which missed the Zacks Consensus Estimate by 9.19% and decreased from $5.85 billion year-over-year [2] - Corebridge has surpassed consensus EPS estimates for the last four quarters but has not beaten revenue estimates during the same period [2] Stock Performance and Outlook - Corebridge shares have increased by approximately 2.4% since the beginning of the year, contrasting with a decline of 3.3% in the S&P 500 [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [4][6] - Current consensus EPS estimate for the upcoming quarter is $1.25 on revenues of $5.05 billion, and for the current fiscal year, it is $5.09 on revenues of $21.53 billion [7] Industry Context - The Zacks Industry Rank indicates that the Insurance - Multi line sector is currently in the top 25% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - The performance of Corebridge's stock may also be influenced by the overall industry outlook [8] Competitor Insights - Fidelis Insurance Holdings (FIHL), another company in the same industry, is expected to report a quarterly loss of $0.43 per share, reflecting a year-over-year change of -158.1%, with revenues anticipated to be $656.08 million, up 26.2% from the previous year [9][10]