Corebridge Financial Inc Overview - Corebridge Financial Inc (NYSE:CRBG) is highlighted as a top non-tech stock by Bill Nygren, CIO of Oakmark Funds, due to its attractive valuation, trading at six times expected earnings [1] - The company is a life insurance and retirement solutions provider, previously a unit of AIG, and went public in September 2022 [3] Financial Performance and Investment Thesis - Corebridge has been a strong performer in the current "higher for longer" interest rate environment, benefiting from increased spread income [3] - The investment thesis suggests that Corebridge can improve its competitive position and efficiency as a standalone entity, enhancing its return on equity (ROE) [3] - The company yields 3.2% on its dividend and has a double-digit free cash flow yield, indicating strong cash generation capabilities [3] Shareholder Returns - Corebridge has returned capital to shareholders through regular dividends and two special dividends in 2023 totaling $1.78, which represents 7.6% of the stock price at the end of the March quarter [3] - The strategy of share repurchase is emphasized, with potential for significant earnings per share growth if the stock price remains stable [2]