Vertical Aerospace reports Q3 operating EPS 57c, consensus 49c

Reports Q3 adjusted revenue $4.44B, consensus $4.16B. Adjusted book value per common share was $33.90 from $44.55 at previous quarter end. CEO Kevin Hogan said, "This was a very good quarter for Corebridge, and our performance demonstrates the power of our franchise and the competitive strengths of our businesses. We delivered robust sales and deposit flows across all four businesses and we are gaining momentum from some of the most attractive pricing conditions in recent history. Rising interest rates and wider credit spreads have led to an important inflection point where we have moved from base net investment spread compression to base net investment spread expansion. We made significant progress on our growth, investment partnership and efficiency strategies, which will serve as the foundation to achieve our financial targets. As we look to the strength of our balance sheet, the consistency of our cash flows and the diversification of our businesses and earnings sources, we are confident in our ability to return significant capital to shareholders through a combination of dividends and share repurchases."