CRBG · NYSE · Asset Management

Corebridge Financial (CRBG)

Provides retirement income, workplace plans, life insurance, and institutional contracts.

$34.02
vs last close+0.18 (+0.53%)
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Corebridge Financial, Inc.CRBG
Financial sector

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

CEOMarc Costantini
ListedSep 15, 2022
ExchangeNYSE
HeadquartersHouston, TX
CountryUnited States
Employees4,800
CIK0001889539
ISINUS21871X1090

Market cap$15.08B
EPS (ttm)$1.71
P/E (ttm)19.79
ROE7.5%
P/B1.42
P/S1.60
Dividend yieldDiv yield2.93%
Beta1.28vs XLF 1.40

Price target$38.50+13.8%Average of 18 analysts
ConsensusBuy13 of 18 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 20, 2026Evercore ISIReiterate
Rating: Target: $37
Rating: OutperformTarget: $44
Aug 19, 2026Wells FargoReiterate
Rating: Target: $35
Rating: OverweightTarget: $39
Aug 12, 2026Piper SandlerReiterate
Rating: Target: $36
Rating: OverweightTarget: $38
Jul 15, 2026Piper SandlerReiterate
Rating: Target: $31
Rating: OverweightTarget: $36
Jul 10, 2026JefferiesReiterate
Rating: Target:
Rating: BuyTarget: $45

Next report
Nov 2, 26
in 40 days
EPS estimate
$1.20
Revenue estimate
$5.33B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$1.23$1.16$1.36$0.96$1.22$1.05$1.12Pending
Estimate$1.27$1.14$1.14$1.08$1.11$1.07$1.07$1.20
Surprise−3.1%+1.8%+19.3%−11.1%+9.9%−1.9%+4.7%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$7.09B$3.59B$737.0M$724.0M$6.34B$4.09B$4.30BPending
Estimate$5.81B$5.28B$4.89B$4.76B$5.16B$5.06B$4.66B$5.33B
Surprise+22.0%−32.0%−84.9%−84.8%+23.0%−19.2%−7.8%
Estimate$1.20
ReportedDue Nov 2, 2026
Estimate$5.33B
ReportedDue Nov 2, 2026
View details

Debt to equity102.10%
Current ratio625.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$704.0M$706.0M$708.0M$737.0M$724.0M$720.0M$4.04B$3.91B
Net income−$1.18B$2.17B−$664.0M−$660.0M$144.0M$814.0M−$53.0M$2.0M
Net margin0.0%307.5%0.0%0.0%19.9%113.1%0.0%0.1%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$1.59B$2.93B−$862.0M−$608.0M−$42.0M$971.0M$97.0M$52.0M
YoY growthTurned lossTurned profitTurned lossTurned lossLoss narrowed−66.8%Turned profitTurned profit

Balance sheet, Jun 30, 2026Cash & short-term investments $4.94B · Total debt $10.87B · Total assets $415.79B · Shareholders' equity $10.65B

Revenue
$3.91B
Operating income
$52.0M
Net income
$2.0M
View details

Dividend yield
2.93%
Next ex-date
Dec 16, 26
estimated · in 84 days
Annual dividend
$0.99
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.23$0.24$0.24$0.24$0.24$0.25$0.25$0.25
Annual yield3.07%2.85%2.91%3.03%3.15%4.01%3.36%2.84%
Ex-dateDec 17Mar 17Jun 16Sep 16Dec 17Mar 17Jun 16Sep 16
Payment dateDec 31Mar 31Jun 30Sep 30Dec 31Mar 31Jun 30Sep 30
View details

Institutions109.73%489.16M shares
462 holders · as of Jun 30, 2026
Insiders0.50%2.22M shares
27 holders · as of Sep 14, 2026
Strategic holders16.36%72.92M shares
2 holders · as of Aug 12, 2026
Adds to126.59%

445.77M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 126.59%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Nippon Life Insurance CoInstitution
27.36%121.96Mas of Jun 30, 2026
Blackstone Inc.Institution
13.90%61.96Mas of Jun 30, 2026
Argon Holdco LLCStrategic10 percent owner
10.65%47.46Mfiled Aug 12, 2026
Pzena Investment Management LLCInstitution
7.58%33.79Mas of Jun 30, 2026
American International Group, Inc.1,2Strategic10 percent owner
5.71%25.46Mfiled May 8, 2026
  1. American International Group, Inc.'s transaction reports restate only vehicles that traded; the 2026 ownership statement (25.46M) is used instead.
  2. American International Group, Inc. reports a block also reported by BlackRock, Inc.; it is counted once, under BlackRock, Inc.

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 18, 2026Nippon Life Insurance Co10 percent owner+131,333$34.88
Sep 17, 2026Nippon Life Insurance Co10 percent owner+174,760$35.20
Sep 16, 2026Nippon Life Insurance Co10 percent owner+320,785$35.02
Sep 15, 2026Nippon Life Insurance Co10 percent owner+210,903$35.02
Sep 14, 2026Nippon Life Insurance Co10 percent owner+295,967$34.86
View details

  • 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

Compare

CompanyPriceChange
Corebridge Financial$34.02+0.53%$15.08B19.86.61.6+482.9%
Prudential Financial$118.51+0.72%$40.83B10.68.40.6+2.8%
Equitable$52.55+0.67%$14.25B6.51.3−29.8%
Lincoln Financial$41.20+0.45%$7.85B3.55.00.4+21.2%
MetLife$97.38+1.52%$61.72B18.49.20.8+10.0%
Principal Financial Group$114.53+0.83%$24.32B16.211.51.5+8.9%
Voya$97.85−0.19%$8.89B16.69.22.4+3.2%
Jackson Financial$130.06+0.38%$9.04B166.14.31.4
Brighthouse Financial$52.41+0.98%$2.98B4.12.70.5+166.5%
Median16.27.41.1+8.9%