Corebridge Financial Inc.

Corebridge Financial Inc.

CRBG · NYSE · Financial Services / Asset Management

36.35USD+0.38 (+1.06%)

Price History

Full chart

Market Stats

Previous Close35.97
Open36.23
Day Range35.71 – 36.37
52-Week Range21.74 – 35.64
Volume2.35M
Market Cap15.54B
P/E (TTM)22.35
Forward P/E5.99
EPS1.56
Dividend Yield2.93%
Beta1.01
50-Day Avg33.06
200-Day Avg29.33

About

Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States. The company operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments. The Individual Retirement segment provides fixed annuities, fixed index and registered index-linked, and variable annuities. The Group Retirement segment offers in-plan products and services comprising an open architecture recordkeeping platform that allows plan participants to allocate money to a variety of mutual fund options or a fixed interest account; flexible group variable and fixed annuity; and in-plan investment advisory services. It also provides out-of-plan products and services, including proprietary and non-proprietary annuities; investment advisory solutions, such as fiduciary, fee-based investments; and brokerage services for non-proprietary variable annuity, securities, life insurance, mutual funds, and 529 plans. The Life Insurance segment offers term, whole, index universal, and guaranteed universal life insurance products. The Institutional Markets segment provides defined contribution and bank-owned life insurance stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank-owned life insurance, private placement variable universal life and annuities products, and guaranteed investment contracts. The company was formerly known as SAFG Retirement Services, Inc. Corebridge Financial, Inc. was incorporated in 1998 and is headquartered in Houston, Texas.

Company Details

  • SectorFinancial Services
  • IndustryAsset Management
  • CEOMs. Lisa Michele Longino
  • Employees4.80K
  • Headquarters2919 Allen Parkway, Houston, TX, United States, 77019, USA
  • Websitehttps://www.corebridgefinancial.com

Leadership

  • Ms. Lisa Michele LonginoExecutive VP & Chief Investment Officer · b. 1967
  • Ms. Polly Nyquist Klane J.D.Executive VP, General Counsel & Chief Legal Officer · b. 1970
  • Mr. Jonathan Joseph NovakEVP, President of Institutional Markets and Head of Balance Sheet Risk Mgmt. & Reinsurance · b. 1972
  • Mr. Christopher Peter FiliaggiInterim CFO & Chief Accounting Officer · b. 1982
  • Mr. Christopher Brian SmithExecutive VP & COO · b. 1969
  • Mr. David DitilloChief Information Officer & Executive VP · b. 1976
  • Ms. Isil MuderrisogluHead of Investor & Rating Agency Relations
  • Ms. Elizabeth PalmerChief Marketing & Communications Officer and Executive VP · b. 1964
  • Ms. Elizabeth Bridget CropperExecutive VP & Chief Human Resource Officer · b. 1967
  • Ms. Terri Nowak FiedlerExecutive VP & President of Retirement Services · b. 1964

Financials

Income Statement

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue15.03B13.21B15.06B22.10B1.88B2.36B2.68B2.89B
Growth (%)--12.11%+14.02%+46.72%-91.50%+25.55%+13.52%+7.88%
Cost of Revenue-10.51B11.59B8.05B534.00M580.00M554.00M552.00M
Gross Profit15.03B-3.01B-3.31B14.05B1.34B1.78B2.12B2.34B
Gross Margin100.00%-22.78%-21.95%63.57%71.58%75.41%79.31%80.89%
Operating Expense10.63B1.98B2.03B3.92B-9.15B839.00M-679.00M2.88B
Operating Income4.40B-4.98B-5.33B10.13B10.49B940.00M2.80B-541.00M
Operating Margin29.28%-37.73%-35.41%45.83%558.33%39.85%104.67%-18.73%
EBITDA-308.00M988.00M1.67B11.08B11.61B1.89B3.55B567.00M
EBITDA Margin-2.05%7.48%11.06%50.13%617.88%79.95%132.56%19.63%
Net Income-80.00M50.00M642.00M7.36B8.16B1.10B2.23B-366.00M
Net Income Margin-0.53%0.38%4.26%33.28%434.22%46.80%83.27%-12.67%
Interest Expense-555.00M490.00M389.00M534.00M580.00M554.00M552.00M
Interest Expense % of Total Revenue-4.20%3.25%1.76%28.42%24.59%20.69%19.11%

Balance Sheet

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-382.48B410.15B416.21B364.22B379.27B389.40B413.55B
Total Liabilities-11.08B370.32B387.28B355.07B366.63B377.07B399.59B
Total Equity-371.40B37.23B27.09B9.15B11.77B11.46B13.20B
Cash-596.00M654.00M537.00M552.00M612.00M806.00M447.00M
Total Debt-11.08B11.25B15.68B35.92B11.87B12.39B10.91B
Net Debt-10.48B10.59B15.14B14.77B11.26B11.59B10.46B

Cash Flow

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow3.21B2.44B3.33B2.46B2.69B3.36B2.15B2.02B
Investing Cash Flow-4.74B-10.38B-7.91B-1.97B-7.25B-5.48B-11.54B-13.33B
Financing Cash Flow1.51B7.92B4.67B-809.00M4.60B2.11B9.58B10.94B
Capital Expenditure04.23B317.00M1.28B0000
Free Cash Flow3.21B-1.78B3.33B1.18B2.69B3.36B2.15B2.02B
Dividends Paid2.66B1.62B472.00M1.58B876.00M1.72B544.00M511.00M
FCF to OCF100.00%-73.01%100.00%47.83%100.00%100.00%100.00%100.00%
Dividend Paid to FCF82.82%-90.98%14.19%133.98%32.50%51.30%25.29%25.28%

Earnings

Report DateDec 11, 1997Feb 17, 1998May 15, 1998Aug 14, 1998Dec 21, 1998Jan 28, 2022May 17, 2022Sep 16, 2022Nov 9, 2022Feb 17, 2023May 9, 2023Aug 4, 2023Nov 3, 2023Feb 15, 2024May 3, 2024Jul 31, 2024Nov 4, 2024Feb 12, 2025May 5, 2025Aug 4, 2025Nov 3, 2025Feb 9, 2026May 4, 2026Aug 4, 2026Nov 2, 2026
EPS Estimate0.000.000.000.000.000.000.000.530.500.680.820.931.030.971.051.081.161.201.141.111.081.111.031.081.20
EPS Actual0.540.560.600.660.522.205.370.530.570.880.971.041.051.041.101.131.381.231.16-1.200.961.221.051.12-
Surprise-------0.00%14.00%29.41%18.29%11.83%1.94%7.22%4.76%4.63%18.97%2.50%1.75%-208.11%-11.11%9.91%1.94%3.70%-
Timing-------After-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap15.54B
Enterprise Value26.12B
Trailing P/E22.35
Forward P/E5.99
Price / Sales0.80
Price / Book1.49
EPS1.56
Book Value22.79
Revenue (TTM)19.52B
Gross Profit (TTM)4.12B
EBITDA2.71B
Profit Margin4.65%
Operating Margin11.11%
Return on Equity7.14%
Return on Assets0.31%
Shares Outstanding445.77M
Shares Float273.41M
Beta1.01
Dividend Yield2.93%
Dividend Rate1.00
Payout Ratio22.76%

Analyst Ratings

Buy
Based on 14 analystsTarget 38.83
  • Strong Buy
    6
  • Buy
    5
  • Hold
    2
  • Strong Sell
    1

Ownership Breakdown

Institutions
113.69%
Insiders
0.26%
Retail / Other
0.00%

Top Institutional Holders

  • Nippon Life Insurance Co.
    121.96M27.36%
  • Blackstone Inc
    61.96M13.90%
  • Pzena Investment Management, LLC
    27.05M6.07%
  • American International Group Inc
    25.46M5.71%
  • Harris Associates L.P.
    25.13M5.64%
  • NORGES BANK
    14.21M3.19%
  • Vanguard Portfolio Management, LLC
    12.77M2.87%
  • Vanguard Capital Management, LLC
    12.02M2.70%
  • Dimensional Fund Advisors, Inc.
    11.72M2.63%
  • State Street Corp
    11.26M2.53%
  • Hotchkis & Wiley Capital Management LLC
    9.08M2.04%
  • Donald Smith & Co Inc
    5.87M1.32%
  • Massachusetts Financial Services Company
    5.81M1.30%
  • Davis Asset Management, L.P.
    5.80M1.30%

Top Fund Holders

  • Vanguard Windsor II Inv
    13.77M3.09%
  • iShares Core S&P Mid-Cap ETF
    8.48M1.90%
  • Vanguard MStar Total Stk Mkt Idx Invest
    8.00M1.79%
  • Oakmark Investor
    7.78M1.75%
  • NYLIM Merger Arbitrage ETF
    7.14M1.60%
  • Vanguard Windsor Investor Shares
    6.78M1.52%

Dividends

20263×
0.25Sep 16, 20260.25Jun 16, 20260.25Mar 17, 2026
20254×
0.24Dec 17, 20250.24Sep 16, 20250.24Jun 16, 20250.24Mar 17, 2025
20244×
0.23Dec 17, 20240.23Sep 16, 20240.23Jun 14, 20240.23Mar 14, 2024
20235×
0.23Dec 14, 20231.16Nov 10, 20230.23Sep 14, 20230.85Jun 15, 20230.23Mar 16, 2023
20222×
0.23Dec 15, 20220.23Oct 6, 2022