Corebridge Financial
Provides retirement income, workplace plans, life insurance, and institutional contracts.
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Profile
Provides U.S.-focused annuities, workplace retirement services, life insurance, and institutional contracts. Revenue comes from investment spreads, account and advisory fees, and insurance underwriting, while results depend on market values, interest rates, policyholder behavior, distribution, and regulation.
Provides annuities, workplace retirement services, life insurance, and institutional contracts, with operations concentrated in the United States. Individual Retirement and Group Retirement serve savers and employer plans, while Life Insurance and Institutional Markets cover protection, pension-risk-transfer, stable-value, and guaranteed investment contracts.
Earns spread income on invested insurance balances, fees from accounts and advisory services, and underwriting margins. A broad product lineup is distributed through financial professionals and institutions to individual and workplace customers.
Results depend on investment yields relative to credited rates, account values and fees, mortality, policyholder behavior, distribution access, and insurance regulation. A pending all-stock merger with Equitable would replace the current issuer and ticker if shareholder and regulatory approvals are obtained.
Company facts
Categories
Key statistics
Year to date +7.4% · Average volume (30d) 4.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 20, 2026 | Evercore ISI | Reiterate | Outperform | $37 | $44 |
| Aug 19, 2026 | Wells Fargo | Reiterate | Overweight | $35 | $39 |
| Aug 12, 2026 | Piper Sandler | Reiterate | Overweight | $36 | $38 |
| Jul 15, 2026 | Piper Sandler | Reiterate | Overweight | $31 | $36 |
| Jul 10, 2026 | Jefferies | Reiterate | Buy | $45 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $1.07 | $1.12 | +4.7% | $4.66B | $4.30B | −7.8% | +6.30% |
| May 4, 2026Q1 FY26 | $1.07 | $1.05 | −1.9% | $5.06B | $4.09B | −19.2% | +5.13% |
| Feb 9, 2026Q4 FY25 | $1.11 | $1.22 | +9.9% | $5.16B | $6.34B | +23.0% | +0.83% |
| Nov 3, 2025Q3 FY25 | $1.08 | $0.96 | −11.1% | $4.76B | $724.0M | −84.8% | +1.00% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $708.0M | $737.0M | $724.0M | $720.0M | $4.04B | $3.91B | |
| Gross profit | $560.0M | $600.0M | $589.0M | $588.0M | $3.06B | $3.91B | |
| Operating income | −$862.0M | −$608.0M | −$42.0M | $971.0M | $97.0M | $52.0M | |
| Net income | −$664.0M | −$660.0M | $144.0M | $814.0M | −$53.0M | $2.0M | |
| Diluted EPS | −$1.19 | −$1.20 | $0.27 | $1.59 | −$0.11 | −$0.04 | |
| Gross margin | 79.1% | 81.4% | 81.4% | 81.7% | 75.7% | 100.0% | |
| Operating margin | -121.8% | -82.5% | -5.8% | 134.9% | 2.4% | 1.3% |
Fiscal years (4-quarter sums)FY21 $413.0M · FY22 $5.62B · FY23 $2.36B · FY24 $2.68B · FY25 $2.89B
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $4.94B · Total debt $10.87B · Total assets $415.79B · Shareholders' equity $10.65B
Dividends
Raised for 2 straight years — most recently to $0.25 from $0.24 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 16, 2026 | Jun 16 | Jun 30 | $0.25 | |
| Mar 17, 2026 | Mar 17 | Mar 31 | $0.25 | raised from $0.24 |
| Dec 17, 2025 | Dec 17 | Dec 31 | $0.24 | |
| Sep 16, 2025 | Sep 16 | Sep 30 | $0.24 | |
| Jun 16, 2025 | Jun 16 | Jun 30 | $0.24 | |
| Mar 17, 2025 | Mar 17 | Mar 31 | $0.24 | raised from $0.23 |
| Dec 17, 2024 | Dec 17 | Dec 31 | $0.23 | |
| Sep 16, 2024 | Sep 16 | Sep 30 | $0.23 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 445.77M · Float 382.11M · 85.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Nippon Life Insurance Company | 121.99M | 27.40% | 13D | Aug 7, 2026 |
| Life Insurance Company | 121.99M | 21.60% | 13D | Dec 13, 2024 |
| Blackstone Inc. | 61.96M | 13.90% | 13F | Aug 14, 2026 |
| Argon Holdco LLC · 10 percent owner | 47.46M | 10.65% | Form 4 | Aug 12, 2026 |
| Pzena Investment Management LLC | 34.21M | 7.70% | 13G | Jul 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Elizabeth B. Cropper | officer: EVP & Chief Human Res. Officer | −7,745 | $33.06 |
| Aug 10, 2026 | Argon Holdco LLC | 10 percent owner | −14,500,000 | $33.87 |
| Aug 6, 2026 | David Ditillo | officer: Chief Information Officer | −12,414 | $34.00 |
| Jul 16, 2026 | David Ditillo | officer: Chief Information Officer | −12,414 | $32.00 |
| Jul 6, 2026 | David Ditillo | officer: Chief Information Officer | −4,250 | $30.00 |
Peers
- Prudential Financial
Diversified U.S. insurer spanning retirement, life and group benefits
- Equitable
Retirement and life insurer with institutional savings businesses
- Lincoln Financial
U.S. insurer spanning annuities, life and workplace retirement
- MetLife
Institutional retirement, funding and benefit-financing rival
- Principal Financial Group
U.S. workplace retirement, pension-risk-transfer and life insurer
- Voya
Workplace retirement, recordkeeping and stable value rival
- Jackson Financial
Major U.S. rival across fixed, indexed, RILA and variable annuities
- Brighthouse Financial
U.S. provider of annuities and individual life insurance
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Corebridge Financial | $32.50 | −0.35% | $14.54B | 19.1 | 6.4 | 1.5 | +482.9% |
| Prudential Financial | $119.79 | +0.01% | $41.57B | 10.8 | 8.5 | 0.6 | +2.8% |
| Equitable | $49.68 | −1.04% | $13.70B | — | 6.2 | 1.3 | −29.8% |
| Lincoln Financial | $43.25 | −0.07% | $8.29B | 3.7 | 5.3 | 0.4 | +21.2% |
| MetLife | $97.91 | +1.46% | $62.10B | 18.5 | 9.2 | 0.8 | +10.0% |
| Principal Financial Group | $111.41 | 0.00% | $23.85B | 15.8 | 11.2 | 1.5 | +8.8% |
| Voya | $102.55 | −0.02% | $9.30B | 17.4 | 9.7 | 2.5 | +3.2% |
| Jackson Financial | $134.00 | −0.07% | $9.36B | 172.0 | 4.5 | 1.4 | — |
| Brighthouse Financial | $56.80 | +7.05% | $3.05B | 4.2 | 2.7 | 0.5 | +166.5% |
| Median | 15.8 | 7.4 | 1.0 | +8.8% |