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Corebridge Financial, Inc. (CRBG) AI Stock Analysis
Corebridge Financial, Inc.
(NYSE:CRBG)
The score is driven primarily by improving but still volatile fundamentals (rebound profitability and solid free cash flow, but inconsistent multi-year earnings/cash-flow stability). Technicals add support due to a clear uptrend and positive momentum. Valuation appears roughly fair, while earnings-call takeaways are constructive on core earnings, capital return, and merger progress, tempered by ongoing Variable Investment Income headwinds and some segment pressure.
Corebridge Financial, Inc. Key Performance Indicators (KPIs)
Adjusted Operating Income by SegmentShows the profit each business unit produces after removing one-time items and accounting adjustments, highlighting which lines (annuities, life insurance, retirement services) are truly generating sustainable earnings. For Corebridge, it signals efficiency in turning premiums and investment income into distributable profits, and reveals sensitivity to interest-rate spreads, mortality/morbidity trends, expense control, and capital consumption across segments.
Individual Retirement's operating income has weakened sharply since mid‑2025, reflecting maturing blocks, higher surrenders and spread compression rather than a collapse in sales (management reported healthy IR sales). Group Retirement's recent income dip looks intentional—management is shifting the franchise from spread to fee‑based, pressuring near‑term operating income but improving capital efficiency. Life remains lumpy from seasonal mortality and VII marks, while Institutional Markets is the clearest growth engine. The planned Equitable merger and $500M synergy target are the primary upside if integration executes.
The FlyCorebridge Financial, Inc. (CRBG) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $15.62B
- Dividend Yield
- 2.83%
- Average Volume (3M)
- 4.67M
- Price to Earnings (P/E)
- 20.5
- Beta (1Y)
- 1.29
- Revenue Growth
- 25.42%
- EPS Growth
- ―
- Country
- US
- Employees
- 4,800
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Asset Management
Corebridge Financial, Inc. Business Overview & Revenue Model
Company Description
Corebridge Financial, Inc. is a prominent financial services company primarily operating within the United States, dedicated to offering a broad spectrum of retirement and insurance solutions. Its business operations are strategically organized acros...
How the Company Makes Money
Corebridge primarily makes money by collecting premiums and fees on insurance and retirement products and earning investment income on the assets it manages to support future policy and annuity obligations. Key revenue and earnings drivers include: (...
Corebridge Financial, Inc. Earnings Call Summary
The call presents a largely positive operational and strategic picture: core businesses delivered resilient results with fee and core income growth, meaningful capital returns, strong liquidity and progress toward a transformative merger with clear synergy targets and attractive medium-term financial goals. The principal near-term headwind is underperformance in Variable Investment Income driven by private equity and alternative marks, which management expects to persist through the year and will pressure reported earnings. Sales and APTOI showed pockets of weakness in certain segments, and spreads are expected to compress modestly through year-end. On balance, strong fundamentals, disciplined capital allocation, integration momentum and multiple growth levers outweigh the VII-driven earnings drag and timing risks in PRT.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Corebridge reaffirmed its full‑year guidance while flagging that Variable Investment Income (VII) will likely remain below target for the rest of 2026; it reiterated base spread income of about $2.55 billion and expects steady sales and positive net flows for the remainder of the year. In Q2 the company reported adjusted pretax operating income of $664 million, GAAP EPS $1.12 and run‑rate operating EPS of $1.35 (up 16% YoY); core sources of income ex‑VII were +5% YoY, spread income +4% YoY and fee income +15% YoY (Individual Retirement fee income +17%). Other 2Q metrics included Individual Retirement sales $3.8 billion, Life sales $870 million (run‑rate APTOI $122 million), Institutional markets sales $2.6 billion including $1.8 billion of GICs (Institutional APTOI +36% YoY), Group Retirement wealth $20 billion (+18% YoY), and a GIC book of ~5% of the general account. Capital and liquidity highlights: cash generation has exceeded $400 million for 14 consecutive quarters, holding‑company liquidity >$1.4 billion (including $475 million of insurer dividends this quarter), $412 million returned to shareholders in Q2 (including $300 million of buybacks), a YTD normalized payout ratio of 84% and an expected ~$350 million of repurchases in H2. Management also reiterated longer‑term combined targets for the merger: by 2027 roughly $5 billion of earnings, $4 billion of cash generation, >15% ROE and $500 million of cost synergies.
Corebridge Financial, Inc. Financial Statement Overview
Summary
TTM shows a clear rebound (revenue up ~51% and a return to profitability with ~9.6% net margin) and positive free cash flow (~$1.85B, up ~13% YoY). Offsetting this, results have been highly volatile across years (including a loss in 2025), with uneven ROE and fluctuating cash-flow coverage, keeping the score in the upper-middle range rather than strong.
Income Statement
63PositiveBalance Sheet
58NeutralCash Flow
55Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.40B | 2.89B | 2.68B | 2.36B | 1.88B | 22.10B |
| Gross Profit | 8.15B | 2.34B | 2.12B | 1.78B | 1.34B | 14.05B |
| EBITDA | 2.32B | 567.00M | 3.55B | 1.89B | 11.61B | 10.93B |
| Net Income | 907.00M | -366.00M | 2.23B | 1.10B | 8.16B | 7.36B |
Balance Sheet | ||||||
| Total Assets | 415.79B | 413.55B | 389.40B | 379.27B | 360.32B | 416.21B |
| Cash, Cash Equivalents and Short-Term Investments | 4.94B | 66.54B | 63.92B | 171.47B | 161.75B | 204.58B |
| Total Debt | 10.87B | 10.91B | 12.39B | 11.87B | 15.33B | 15.68B |
| Total Liabilities | 404.42B | 399.59B | 377.07B | 366.63B | 350.00B | 387.28B |
| Stockholders Equity | 10.65B | 13.20B | 11.46B | 11.77B | 9.38B | 27.09B |
Cash Flow | ||||||
| Free Cash Flow | 1.85B | 2.02B | 2.15B | 3.36B | 2.62B | 2.40B |
| Operating Cash Flow | 1.85B | 2.02B | 2.15B | 3.36B | 2.62B | 2.40B |
| Investing Cash Flow | -7.75B | -13.33B | -11.54B | -5.38B | -7.25B | -1.97B |
| Financing Cash Flow | 5.96B | 10.94B | 9.58B | 2.02B | 4.67B | -753.00M |
Corebridge Financial, Inc. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRBG, the sentiment is Positive. The current price of 35.36 is above the 20-day moving average (MA) of 34.74, above the 50-day MA of 34.11, and above the 200-day MA of 29.49, indicating a bullish trend. The MACD of 0.29 indicates Positive momentum. The RSI at 54.21 is Neutral, neither overbought nor oversold. The STOCH value of 66.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CRBG.
Corebridge Financial, Inc. Risk Analysis
Corebridge Financial, Inc. disclosed 45 risk factors in its most recent earnings report. Corebridge Financial, Inc. reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
1 New RiskCorebridge Financial, Inc. Peers Comparison
Overall Rating
TROW77Outperform
AMP76Outperform
PFG73Outperform
EQH72Outperform- CRBG65Neutral
IVZ60Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TROW | 77Outperform | $22.16B | 10.70 | 19.88% | 4.88% | 6.91% | 7.61% |
| AMP | 76Outperform | $43.36B | 11.20 | 68.69% | 1.31% | 8.62% | 21.49% |
| PFG | 73Outperform | $23.71B | 12.48 | 16.49% | 2.88% | 5.24% | 31.00% |
| EQH | 72Outperform | $14.70B | 45.22 | 845.66% | 2.10% | -17.70% | -356.46% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| CRBG | 65Neutral | $15.52B | 20.49 | 7.53% | 2.83% | 25.42% | ― |
| IVZ | 60Neutral | $12.20B | -40.25 | -0.63% | 3.06% | 16.65% | -147.19% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| CRBG | Corebridge Financial, Inc. | 35.04 | 4.82 | 15.95% | |
| AMP | Ameriprise Financial Services | 504.31 | 58.23 | 13.05% | |
| IVZ | Invesco Ltd. | 27.77 | 5.25 | 23.29% | |
| PFG | Principal Financial | 112.81 | 33.48 | 42.21% | |
| TROW | T. Rowe Price Group | 105.85 | 9.64 | 10.02% | |
| EQH | Equitable Holdings, Inc. | 54.26 | 6.68 | 14.03% |
Corebridge Financial, Inc. Corporate Events
Corebridge Financial Holds 2026 Annual Stockholder Meeting
PositiveCorebridge Financial, Inc. held its 2026 Annual Meeting of Stockholders on September 16, 2026 via live webcast to address key governance and oversight matters. Shareholders of record as of July 28, 2026, representing more than 445 million outstanding...
Corebridge Refinances Debt with New Senior Notes Issuance
PositiveOn August 20, 2026, Corebridge Financial, Inc. issued and sold $750 million of 5.900% Senior Notes due 2036, raising funds in the debt capital markets to support its balance sheet. The company plans to use the net proceeds, together with cash on hand...
Corebridge Stockholders Approve Merger With Equitable Holdings
PositiveOn July 30, 2026, Corebridge Financial stockholders approved a merger agreement with Equitable Holdings at a special meeting, along with an advisory vote backing potential executive compensation tied to the deal and the adoption of a new 2026 employe...
Corebridge faces shareholder challenges to Equitable merger disclosures
NegativeOn March 26, 2026, Corebridge Financial and Equitable Holdings agreed to merge through a two-step transaction that will create a new parent company, New Equitable, with each firm becoming a wholly owned subsidiary and Corebridge shareholders expected...
Corebridge Sets 2026 Annual Meeting and Key Deadlines
NeutralOn June 28, 2026, Corebridge Financial’s board special committee set September 16, 2026, as the date for the company’s 2026 annual meeting of stockholders and designated July 28, 2026, as the record date for voting eligibility. The meetin...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 17, 2026