Corebridge Financial, Inc. (CRBG) AI Stock Analysis

• Market Cap: $18.18B
• Dividend Yield: 2.9%
• Average Volume (3M): 3.11M
• Price to Earnings (P/E): 26.3
• Beta (1Y): 1.08
• Revenue Growth: -23.47%
• EPS Growth: -67.03%
• Country: US
• Employees: 5,200
• Sector: Financial
• Sector Strength: 79
• Industry: Asset Management
• EPS (TTM): 1.16
• Shares Outstanding: 549,704,830
• 10 Day Avg. Volume: 3,151,807
• 30 Day Avg. Volume: 3,114,853
• PEG Ratio: 0.15
• Price to Book (P/B): 1.58
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.81
• Enterprise Value/Market Cap: 1.53
• Enterprise Value/Revenue: 0.38
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: 3.44
• 1Y Price Target: $38.27
• Price Target Upside: 9.34% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 12

• Rating: 67 Neutral
• Price Target: $36.00 ▲(2.86%Upside)

Corebridge Financial's overall score is driven by its strategic corporate event and positive earnings call outcomes, highlighting effective risk management and potential for growth. However, financial performance and valuation metrics suggest caution due to revenue volatility and high leverage. Technical analysis supports a cautiously optimistic outlook, with room for price growth.

Positive Factors

Earnings

Group Retirement's underlying earnings of $191 million surpassed consensus expectations, partly due to increased fee income.

Shareholder Returns

Corebridge repurchased $321 million worth of shares, exceeding forecasts and achieving a total payout ratio of 70%.

Strategic Shift

Management's shift toward fee-based earnings within group insurance is expected to alleviate outflows and enhance fee-related earnings.

Negative Factors

Earnings Underperformance

Individual Retirement's underlying earnings fell $19 million short of consensus due to lower fixed annuity deposits and higher non-deferrable commissions.

Net Outflows

Group Retirement experienced $3.5 billion in net outflows due to a large plan exit and increased required minimum distributions.

Risk and Concerns

Management anticipates variable investment income to fall below the long-term assumption return of 8-9%, which could impact future earnings.

Corebridge Financial, Inc. Business Overview & Revenue Model

Company Description

Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States. It operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments. The Individual Retirement segment provides fixed annuities, fixed index annuities, variable annuities and retail mutual funds. The Group Retirement segment offers record-keeping services, plan administration and compliance services, and financial planning and advisory solutions to employer-defined contribution plans and their participants, as well as proprietary and non-proprietary annuities, advisory services, and brokerage products. The Life Insurance segment offers term life and universal life insurance in the United States, as well as issues individual life, whole life, and group life insurance in the United Kingdom; and distributes medical insurance in Ireland. The Institutional Markets segment provides stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank owned life insurance, high net worth products, and guaranteed investment contracts. The company was formerly known as SAFG Retirement Services, Inc. Corebridge Financial, Inc. was incorporated in 1998 and is headquartered in Houston, Texas. Corebridge Financial, Inc. operates as a subsidiary of American International Group, Inc.

How the Company Makes Money

Corebridge Financial, Inc. generates revenue primarily through premiums collected from life insurance policies and annuity products. These insurance products provide the company with a steady stream of income as policyholders pay regular premiums for coverage. Additionally, Corebridge earns income from its investment management services by charging fees based on assets under management. The company invests the premiums collected in a diversified portfolio of financial instruments to generate returns, which contribute to its overall earnings. Strategic partnerships with financial advisors and institutions also play a crucial role in expanding its distribution network and enhancing revenue generation.

Corebridge Financial, Inc. Financial Statement Overview

Summary

Corebridge Financial, Inc. exhibits mixed financial performance. Strengths include robust cash flow generation and recent net income growth, while challenges persist with revenue volatility and high leverage. The company must stabilize revenue streams and manage leverage to mitigate financial risks.

Income Statement

The income statement reveals fluctuating revenue with notable growth from 2019 to 2022 but a drop in 2023. Gross profit margins were strong until 2022 but showed a decline as revenue dropped. Net profit margins improved significantly in 2024, driven by a substantial increase in net income despite zero revenue reported, indicating a potential one-time gain or accounting adjustment. EBIT and EBITDA margins have been volatile, reflecting operational challenges or non-recurring items affecting profitability.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio, which improved as total debt decreased and equity increased in recent years. The equity ratio remains low, highlighting a high leverage typical for the industry. Return on equity fluctuated, with a notable increase in 2024 driven by higher net income, but it indicates potential for risk given the high leverage and minimal equity buffer.

Cash Flow

Cash flow analysis shows consistent operating cash flow, but free cash flow fluctuated, with a decrease in recent years. The operating cash flow to net income ratio was strong in 2024, suggesting efficient cash generation relative to net income. However, the cash flow from financing activities indicates reliance on external financing, which could pose a risk if not managed carefully.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	19.06B	18.62B	26.68B	23.39B	15.06B
Gross Profit	19.06B	18.32B	25.80B	9.73B	3.47B
EBITDA	3.36B	1.47B	11.06B	10.50B	1.15B
Net Income	2.23B	1.10B	8.16B	8.24B	866.00M
Balance Sheet
Total Assets	389.40B	379.27B	364.22B	416.21B	410.15B
Cash, Cash Equivalents and Short-Term Investments	5.79B	612.00M	161.75B	204.58B	207.83B
Total Debt	12.39B	11.87B	15.33B	15.68B	11.25B
Total Liabilities	377.07B	366.63B	355.07B	387.28B	370.32B
Stockholders Equity	11.46B	11.77B	8.21B	27.09B	37.23B
Cash Flow
Free Cash Flow	2.15B	3.36B	2.69B	1.18B	3.01B
Operating Cash Flow	2.15B	3.36B	2.69B	2.46B	3.33B
Investing Cash Flow	-11.54B	-5.48B	-7.25B	-1.97B	-7.91B
Financing Cash Flow	9.58B	2.11B	4.60B	-809.00M	4.67B

Corebridge Financial, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 35.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 is above the 20-day moving average (MA) of 32.71, above the 50-day MA of 31.36, and above the 200-day MA of 30.63, indicating a bullish trend. The MACD of 0.53 indicates Negative momentum. The RSI at 70.38 is Negative, neither overbought nor oversold. The STOCH value of 83.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CRBG.

Corebridge Financial, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AMP	80 Outperform	$49.90B	17.81	58.11%	1.22%	9.14%	0.05%
CG	73 Outperform	$17.74B	16.60	20.38%	2.85%	81.86%	―
ARES	71 Outperform	$55.13B	97.56	12.97%	2.65%	19.02%	-22.75%
BX	71 Outperform	$174.18B	43.43	34.07%	2.59%	22.06%	16.57%
KKR	68 Neutral	$117.51B	55.85	9.03%	0.57%	-27.45%	-46.67%
CRBG	67 Neutral	$18.18B	26.34	5.84%	2.90%	-23.47%	-67.03%
Sector *	60 Neutral	C$14.44B	5.52	20.17%	6.11%	26.88%	-38.18%

Corebridge Financial, Inc. Corporate Events

Corebridge Financial Announces Major Reinsurance Transaction

On June 25, 2025, Corebridge Financial, Inc. announced a significant transaction with Venerable Holdings, Inc., where it will reinsure its entire Individual Retirement variable annuity portfolio, valued at $51 billion, through agreements with Corporate Solutions Life Reinsurance Company. This $2.8 billion transaction is expected to generate $2.1 billion in net distributable proceeds for Corebridge, which plans to use the majority for share repurchases. The transaction marks Corebridge’s exit from Individual Retirement variable annuities, aiming to reduce risk and accelerate its capital management strategy. The deal is anticipated to close in the third and fourth quarters of 2025, subject to regulatory approvals and customary conditions.

The most recent analyst rating on (CRBG) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Corebridge Financial, Inc. stock, see the CRBG Stock Forecast page.

Corebridge Financial Elects Directors at Annual Meeting

Corebridge Financial, Inc. held its 2025 Annual Meeting of Stockholders on June 3, 2025, via live webcast. During the meeting, thirteen directors were elected for a one-year term, the 2024 compensation of the Company’s named executive officers was approved on an advisory basis, and the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025 was ratified.

The most recent analyst rating on (CRBG) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Corebridge Financial, Inc. stock, see the CRBG Stock Forecast page.

Corebridge Financial Director Resigns from Key Committees

On May 14, 2025, Rose Marie Glazer resigned from her roles in the Compensation and Management Development Committee and the Nominating and Corporate Governance Committee of Corebridge Financial, Inc., effective immediately. Her resignation ensures that these committees are now entirely composed of independent directors under NYSE standards, while she continues to serve on the Risk Committee and stands for re-election as a director.

The most recent analyst rating on (CRBG) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Corebridge Financial, Inc. stock, see the CRBG Stock Forecast page.

Corebridge Financial Secures New $3 Billion Credit Facility

On March 26, 2025, Corebridge Financial, Inc. entered into a new Revolving Credit Agreement, replacing its previous agreement from 2022. This new $3 billion credit facility, set to mature in 2030, will be used to repay existing debt and support the company’s ongoing operations and general corporate purposes. The agreement includes customary covenants and requires the company to maintain specific financial ratios.