Corebridge reports Q1 operating EPS $1.16, consensus $1.13

Kevin Hogan, President and Chief Executive Officer, said, “Corebridge (CRBG) generated strong earnings and delivered attractive capital return over the first quarter, executing on our strategic priorities. Our capital, liquidity and financial flexibility position us well to navigate the current environment. We reported operating earnings per share of $1.16, a 5% increase year over year, reflecting the benefits of our diversified business model, strong balance sheet and disciplined execution. We also returned $454 million of capital to shareholders, increasing 18% year over year and equating to a 70% payout ratio. Corebridge has a long track record of delivering on our commitments, and we remain steadfastly focused on creating significant value for our shareholders and clients. At times like this, when conditions are uncertain, our mission statement – to proudly partner with individuals, financial professionals and institutions to make it possible for more people to take action in their financial lives – becomes more relevant than ever.”