Corebridge Financial (CRBG) Surpasses Q2 Earnings Estimates

Core Financial Performance - Corebridge Financial (CRBG) reported quarterly earnings of $1.36 per share, exceeding the Zacks Consensus Estimate of $1.15 per share, and up from $1.13 per share a year ago, representing an earnings surprise of +18.26% [1] - The company posted revenues of $4.42 billion for the quarter ended June 2025, which missed the Zacks Consensus Estimate by 6.7%, compared to year-ago revenues of $4.18 billion [2] - Over the last four quarters, Corebridge has surpassed consensus EPS estimates four times but has not beaten consensus revenue estimates [2] Stock Performance and Outlook - Corebridge shares have increased by approximately 15.2% since the beginning of the year, outperforming the S&P 500's gain of 6.1% [3] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.29 on revenues of $4.96 billion, and for the current fiscal year, it is $4.84 on revenues of $19.29 billion [7] Industry Context - The Zacks Industry Rank indicates that the Insurance - Multi line sector is currently in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Corebridge's stock performance [5][6]