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Corebridge Financial, Inc. (CRBG)
NYSE:CRBG
US Market
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Corebridge Financial, Inc. (CRBG) AI Stock Analysis

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CRBG

Corebridge Financial, Inc.

(NYSE:CRBG)

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Neutral 51 (OpenAI - 4o)
Rating:51Neutral
Price Target:
$31.00
▲(0.16% Upside)
Corebridge Financial, Inc. faces significant financial performance challenges with declining revenue and profitability, which heavily impacts its overall score. Technical analysis indicates weak momentum, and valuation metrics are unattractive due to negative earnings. However, the earnings call provided some positive insights with strong organic growth and capital returns, slightly offsetting the negative aspects.
Positive Factors
Strong Organic Growth
The robust demand for Corebridge's products, reflected in significant premiums and deposits, indicates strong market position and potential for sustained revenue growth.
Record Capital Return
Significant capital returns to shareholders demonstrate strong cash generation and financial health, supporting long-term investor confidence.
Robust Balance Sheet
A strong balance sheet with high capital ratios provides financial flexibility and resilience, enabling strategic investments and stability in volatile markets.
Negative Factors
Declining Revenue
Significant revenue decline indicates challenges in market competitiveness and product demand, potentially impacting long-term growth and profitability.
Negative Profitability
Negative profitability reflects operational inefficiencies and cost management issues, which could hinder long-term financial sustainability.
Higher Compensation-Related Expenses
Rising expenses can pressure margins and reduce profitability, necessitating improved cost controls to maintain financial health over time.

Corebridge Financial, Inc. (CRBG) vs. SPDR S&P 500 ETF (SPY)

Corebridge Financial, Inc. Business Overview & Revenue Model

Company DescriptionCorebridge 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 MoneyCorebridge Financial generates revenue through multiple streams, including premiums from life insurance policies, fees from retirement annuities, and investment income from managed assets. The company earns significant income from the sale of various insurance products, with a focus on life and health insurance, where it collects premiums over time. Additionally, Corebridge receives fees for managing retirement accounts and investment products, which can include administrative fees, investment management fees, and performance-based fees. Strategic partnerships with financial advisors and institutions also enhance its distribution capabilities, further contributing to its earnings. The company's emphasis on customer-centric solutions and effective risk management plays a vital role in sustaining its revenue growth.

Corebridge Financial, Inc. Earnings Call Summary

Earnings Call Date:Nov 03, 2025
(Q3-2025)
|
Next Earnings Date:Feb 12, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed sentiment with strong organic growth and capital return achievements overshadowed by some short-term challenges in spread yield and investment returns. The company remains well-positioned with a robust balance sheet and strategic focus areas, but faces near-term headwinds in specific segments.
Q3-2025 Updates
Positive Updates
Strong Organic Growth
Corebridge achieved total premiums and deposits of $12.3 billion, with Individual Retirement sales of the RILA product nearly $800 million in the third quarter and topping $1.7 billion year-to-date, reflecting robust demand.
Institutional Markets Performance
Institutional Markets had the strongest sales quarter since the IPO with both GICs and pension risk transfer transactions showing exceptional growth, contributing to a 19% growth in total reserves.
Record Capital Return
Year-to-date, Corebridge returned more than $1.4 billion to shareholders through buybacks and dividends, with a target payout ratio of 60% to 65%.
Robust Balance Sheet
Corebridge maintains strong capital ratios above targets, with holding company liquidity of $1.8 billion, and has executed a transformative VA reinsurance transaction to optimize capital efficiency.
Negative Updates
Base Spread Compression
The Individual Retirement base spread yield declined by 7 basis points quarter-over-quarter due to asset reallocation and marginal compression from new business, creating a short-term impact.
Higher Compensation-Related Expenses
Short-term increase in expenses across all segments due to higher compensation-related expenses and a one-time medical expense accrual.
Lag in Real Estate Equity Performance
Alternative investment returns were $0.11 per share below long-term expectations, with a continued lag in real estate equity performance.
Company Guidance
In the third quarter of 2025, Corebridge Financial delivered robust financial performance, highlighted by total premiums and deposits of $12.3 billion and a net inflow of $1.4 billion, which supported a 6% year-over-year growth in the general account. The company achieved a record $800 million in RILA sales for the quarter, contributing to $1.7 billion year-to-date. Corebridge maintained strong capital ratios above target levels and boasted $1.8 billion in liquidity, including proceeds from a significant VA reinsurance transaction. The firm returned over $1.4 billion to shareholders through buybacks and dividends, with a payout ratio target of 60% to 65%. Despite challenges, Corebridge's adjusted run rate EPS grew by 6% year-over-year to $1.21, and adjusted ROE increased by 70 basis points to 12.9%. Looking forward, Corebridge remains committed to a 12% to 14% ROE, an average EPS growth rate of 10% to 15% over time, and robust capital management.

Corebridge Financial, Inc. Financial Statement Overview

Summary
Corebridge Financial's financial performance is mixed. While there are improvements in operational efficiency with better EBIT and EBITDA margins, the company faces challenges with negative revenue growth and declining free cash flow growth. The balance sheet is stable but shows potential vulnerabilities due to low equity levels.
Income Statement
Corebridge Financial demonstrates a mixed income statement performance. The TTM (Trailing-Twelve-Months) revenue growth is negative, following a previous year's decline. The gross profit margin is negative, indicating cost challenges. However, the net profit margin is positive, and the company has improved its EBIT and EBITDA margins compared to the previous year, suggesting some operational efficiency improvements.
Balance Sheet
The balance sheet shows Corebridge Financial has a reasonable debt-to-equity ratio, indicating moderate leverage. The equity ratio is low, highlighting potential risks in financial stability. The ROE is positive and growing, reflecting good profitability relative to shareholder equity. Overall, the balance sheet reflects a stable but cautious picture of the company's financial health.
Cash Flow
Cash flow analysis reveals that Corebridge Financial's free cash flow is positive, but the growth rate is negative. The operating cash flow to net income ratio is healthy, suggesting good cash generation relative to net income. However, the decline in free cash flow growth could be a concern for future liquidity.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue13.30B2.68B18.62B26.68B22.93B15.06B
Gross Profit5.17B2.12B18.32B1.34B9.73B3.47B
EBITDA704.00M3.55B1.47B11.06B11.08B1.34B
Net Income-337.00M2.23B1.10B8.16B8.24B642.00M
Balance Sheet
Total Assets399.16B389.40B379.27B360.32B416.21B410.15B
Cash, Cash Equivalents and Short-Term Investments4.10B63.92B171.47B161.75B204.58B207.83B
Total Debt9.46B12.39B11.87B15.33B15.68B11.25B
Total Liabilities385.99B377.07B366.63B350.00B387.28B370.32B
Stockholders Equity12.30B11.46B11.77B9.38B27.09B37.23B
Cash Flow
Free Cash Flow1.68B2.15B3.36B2.69B1.18B3.01B
Operating Cash Flow1.68B2.15B3.36B2.69B2.46B3.33B
Investing Cash Flow-14.12B-11.54B-5.48B-7.25B-1.97B-7.91B
Financing Cash Flow12.08B9.58B2.11B4.67B-809.00M4.67B

Corebridge Financial, Inc. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price30.95
Price Trends
50DMA
32.63
Negative
100DMA
33.37
Negative
200DMA
32.22
Negative
Market Momentum
MACD
-0.23
Negative
RSI
41.27
Neutral
STOCH
45.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRBG, the sentiment is Negative. The current price of 30.95 is below the 20-day moving average (MA) of 31.85, below the 50-day MA of 32.63, and below the 200-day MA of 32.22, indicating a bearish trend. The MACD of -0.23 indicates Negative momentum. The RSI at 41.27 is Neutral, neither overbought nor oversold. The STOCH value of 45.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CRBG.

Corebridge Financial, Inc. Risk Analysis

Corebridge Financial, Inc. disclosed 51 risk factors in its most recent earnings report. Corebridge Financial, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Corebridge Financial, Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$22.20B11.0819.28%4.81%4.26%0.42%
$32.59B12.3511.14%2.67%5.62%49.49%
$11.86B43.802.16%5.60%4.72%-67.85%
$18.74B28.8310.68%2.63%-22.38%437.16%
$18.00B11.429.92%3.81%9.73%1.22%
$42.03B12.4159.59%1.36%5.87%39.77%
$17.53B-2.89%2.92%-18.21%-116.73%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CRBG
Corebridge Financial, Inc.
30.95
1.84
6.32%
AMP
Ameriprise Financial
452.38
-56.84
-11.16%
BEN
Franklin Resources
22.84
3.11
15.76%
STT
State Street
116.69
26.59
29.51%
TROW
T Rowe Price
101.71
-7.25
-6.65%
CG
Carlyle Group
51.81
3.65
7.58%

Corebridge Financial, Inc. Corporate Events

Corebridge Financial Reports Strong Q3 2025 Results
Nov 5, 2025

Corebridge Financial, Inc., a prominent provider of retirement solutions and insurance products in the United States, has reported its financial results for the third quarter of 2025. The company, known for its diverse range of financial services, continues to focus on helping individuals achieve secure financial futures.

Corebridge Financial’s Earnings Call: Growth Amid Challenges
Nov 5, 2025

Corebridge Financial’s recent earnings call conveyed a mixed sentiment, highlighting strong organic growth and significant capital returns, yet acknowledging some short-term challenges. The company demonstrated resilience with a robust balance sheet and strategic focus, although it faces near-term headwinds in specific segments.

Executive/Board Changes
Corebridge Financial Announces CFO Resignation
Neutral
Oct 31, 2025

On October 31, 2025, Corebridge Financial, Inc. announced the resignation of its Chief Financial Officer, Elias Habayeb, effective April 24, 2026. Habayeb’s departure is amicable and not due to disagreements with the company. He will continue his duties until his departure, ensuring the completion of 2025 financial statements and the 2026 budget. Corebridge has initiated a search for a successor to maintain its strategic growth trajectory.

The most recent analyst rating on (CRBG) stock is a Hold with a $32.00 price target. To see the full list of analyst forecasts on Corebridge Financial, Inc. stock, see the CRBG Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Corebridge Financial Expands Board with New Appointment
Positive
Oct 24, 2025

On October 23, 2025, Corebridge Financial, Inc. announced the election of Tomohiro Yao to its Board of Directors, expanding the board from 13 to 14 members. Mr. Yao, who brings extensive industry expertise and international experience, will also join the Compensation and Management Development Committee, replacing Minoru Kimura. His appointment is part of a Stockholder’s Agreement with Nippon Life Insurance Company, where Mr. Yao currently serves as Executive Officer and Head of Americas/Europe. This strategic move is expected to enhance Corebridge’s leadership and global perspective, potentially benefiting its operations and market positioning.

The most recent analyst rating on (CRBG) stock is a Hold with a $32.00 price target. To see the full list of analyst forecasts on Corebridge Financial, Inc. stock, see the CRBG Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Corebridge Financial Reclassifies Variable Annuity Business
Neutral
Oct 1, 2025

On August 1, 2025, Corebridge Financial, Inc. completed a significant transaction under a Master Transaction Agreement involving American General Life Insurance Company, The United States Life Insurance Company, and Corporate Solutions Life Reinsurance Company. As a result, Corebridge reclassified its variable annuity business from the Individual Retirement segment to the Corporate and Other segment, and excluded its results from Adjusted Pre-tax Operating Income. This change, effective retrospectively from the third quarter of 2025, aligns with the company’s strategic focus following the closing of the reinsurance agreement with AGL, impacting how the company’s performance is assessed and resources allocated.

The most recent analyst rating on (CRBG) stock is a Hold with a $32.00 price target. To see the full list of analyst forecasts on Corebridge Financial, Inc. stock, see the CRBG Stock Forecast page.

Executive/Board Changes
Corebridge Financial Approves Retention Awards for Executives
Neutral
Sep 23, 2025

On September 19, 2025, Corebridge Financial, Inc.‘s Compensation and Management Development Committee approved special retention equity awards for Elias Habayeb and Lisa Longino to ensure leadership continuity and retain critical talent. These awards, valued at $2,000,000 and $1,500,000 respectively, are set to vest on September 30, 2027, contingent upon continued employment, with provisions for accelerated vesting under certain conditions.

The most recent analyst rating on (CRBG) stock is a Hold with a $34.00 price target. To see the full list of analyst forecasts on Corebridge Financial, Inc. stock, see the CRBG Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Corebridge Financial Appoints New CEO Marc Costantini
Positive
Sep 9, 2025

On September 9, 2025, Corebridge Financial announced the appointment of Marc Costantini as its new President and CEO, effective December 1, 2025. Costantini, who brings extensive experience from Manulife and Munich Re, will succeed Kevin Hogan, who will transition to a special advisor role for six months. This leadership change is part of Corebridge’s strategic evolution as an independent company, aiming to leverage Costantini’s expertise in strategy, product innovation, and value creation to further its growth and market position.

The most recent analyst rating on (CRBG) stock is a Buy with a $46.00 price target. To see the full list of analyst forecasts on Corebridge Financial, Inc. stock, see the CRBG Stock Forecast page.

Private Placements and Financing
Corebridge Financial Enters Underwriting Agreement for Stock Sale
Neutral
Aug 8, 2025

On August 6, 2025, Corebridge Financial, Inc. entered into an underwriting agreement with American International Group, Inc. and Morgan Stanley & Co. LLC for the sale of 30,000,000 shares of its common stock at $33.5113 per share. This agreement allows the selling stockholder to grant the underwriters a 30-day option to purchase an additional 4,500,000 shares to cover over-allotments, potentially impacting the company’s stock liquidity and market presence.

The most recent analyst rating on (CRBG) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on Corebridge Financial, Inc. stock, see the CRBG Stock Forecast page.

Corebridge Financial Reports Q2 2025 Results
Aug 6, 2025

Corebridge Financial, Inc. is a leading provider of retirement solutions and insurance products in the United States, managing over $415 billion in assets. The company partners with financial professionals and institutions to help individuals secure their financial futures.

Corebridge Financial’s Earnings Call Highlights Growth and Strategic Moves
Aug 6, 2025

Corebridge Financial, Inc. recently held its earnings call, showcasing a robust financial performance marked by significant achievements. The company highlighted a transformative reinsurance transaction and record sales in Individual Retirement, which were pivotal in driving growth. Despite some challenges in base spread income and transitions in Group Retirement, the overall sentiment was positive, with growth and strategic initiatives taking center stage.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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: Nov 05, 2025