Corebridge Financial, Inc. agreed to repurchase common stock from Argon Holdco LLC for approximately $110 million at $34.09 per share, with completion expected November 10, 2026.
CRBG · Corebridge Financial, Inc.
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Corebridge Financial, Inc. and Equitable shareholders approved their all-stock merger, creating a combined company owned approximately 51% by Corebridge shareholders and 49% by Equitable shareholders. The transaction is expected to close by year-end 2026, subject to regulatory approvals.
Corebridge reported operating earnings per share of $1.22, up 27% year-over-year, and returned $295 million of capital to shareholders. Its Equitable transaction received all required federal approvals and targets a year-end close.
Corebridge Financial reported third-quarter net income available to common shareholders of $1.4 billion, or $3.22 per common share, and adjusted after-tax operating income of $545 million, or $1.22 per common share, for the quarter ended September 30, 2026.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Nov 3, 2026TL;DR. Operating EPS rose 27% to $1.22, adjusted ROAE reached 12.1%, net income increased to $1.4 billion, fee income rose 7%, Individual Retirement delivered $4.5 billion of sales and $1 billion of net flows, and Institutional Markets core sources increased 7%. Underlying APTOI excluding VII and notable items fell 9%, premiums and deposits declined 29%, Group Retirement and Life Insurance APTOI declined 11% and 32%, the assumption update reduced APTOI by $99 million, and fourth-quarter variable investment income is expected to be below the third-quarter result.
- + Operating earnings per share increased 27% year-over-year to $1.22, while adjusted ROAE rose 180 basis points to 12.1%. new
- + Excluding notable items, fee income increased 7% year-over-year and represented approximately 21% of core sources of earnings. new
- + Management identified over $100 million of run-rate expense savings for the first half of 2027 and remains confident of at least $500 million by the end of 2028. new
- − Adjusted pre-tax operating income excluding variable investment income and notable items declined 9% year-over-year. new
- − Premiums and deposits declined 29% year-over-year to $8.8 billion. new
- − Fourth-quarter variable investment income is expected to be below the third-quarter result. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted pre-tax operating (loss) non-GAAP | -$185M | Three Months Ended June 30, 2026 filing | — |
| Adjusted ROAE available to Corebridge common shareholders non-GAAP | 11.4% | three months ended June 30, 2026 filing | — |
| Annualized adjusted after-tax operating income available to Corebridge common shareholders non-GAAP | $2.05B | three months ended June 30, 2026 filing | — |
| Base net investment spread | 1.08% | Three Months Ended June 30, 2026 filing | — |
| Fixed annuities surrender rate | 10.8% | Three Months Ended June 30, 2026 filing | — |
| Fixed index annuities surrender rate | 11.8% | Three Months Ended June 30, 2026 filing | — |
| Individual Retirement base net investment spread | 1.82% | Three Months Ended June 30, 2026 filing | — |
| Registered index-linked annuities surrender rate | 0.6% | Three Months Ended June 30, 2026 filing | — |
| Surrender rates | 25.7% | Three Months Ended June 30, 2026 filing | — |
| Total net flows | $67M | Three Months Ended June 30, 2026 filing | — |
| Total premiums and deposits | $3.82B | Three Months Ended June 30, 2026 filing | — |
| Adjusted after-tax operating income (loss) available to Corebridge common shareholders non-GAAP | $512M | Three Months Ended June 30, 2026 | — |
| Adjusted book value per common share non-GAAP | $39.93 | June 30, 2026 | — |
| Adjusted pre-tax operating income non-GAAP | 664M | three months ended June 30, 2026 | — |
| Adjusted return on average equity non-GAAP | 11.4% | three months ended June 30, 2026 | — |
| Adjusted ROAE non-GAAP | 11.4% | Three Months Ended June 30, 2026 | — |
| Base spread income non-GAAP | 898M | three months ended June 30, 2026 | — |
| Core sources of income non-GAAP | 1.57B | three months ended June 30, 2026 | — |
| Fee income | $17M | Three Months Ended June 30, 2026 | — |
| Financial leverage ratio | 33% | as of June 30, 2026 | — |
| Group Retirement fee income non-GAAP | $219M | Three Months Ended June 30, 2026 | — |
| Holding company liquidity | 1.4B | as of June 30, 2026 | — |
| Individual Retirement spread income non-GAAP | $665M | Three Months Ended June 30, 2026 | — |
| Institutional Markets spread income non-GAAP | $122M | Three Months Ended June 30, 2026 | — |
| Life Insurance underwriting margin non-GAAP | $331M | Three Months Ended June 30, 2026 | — |
| Net investment income (APTOI basis) non-GAAP | 3.03B | three months ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net investment income (net income basis) 3.19B
-233M Net investment (income) on Fortitude Re funds withheld assets
-8M Net investment (income) related to businesses exited through reinsurance
-7M Other adjustments
+89M Derivative income recorded in net realized gains (losses)
= Net investment income (APTOI basis) 3.03B
|
|||
| Operating earnings per common share non-GAAP | $1.12 | three months ended June 30, 2026 | — |
| Returned to shareholders | 412M | three months ended June 30, 2026 | — |
| Total fee income | $325M | Three Months Ended June 30, 2026 | — |
| Total spread income | $927M | Three Months Ended June 30, 2026 | — |
| Total underwriting margin | $344M | Three Months Ended June 30, 2026 | — |
| Underwriting margin | $13M | Three Months Ended June 30, 2026 | — |
| Underwriting margin excluding variable investment income non-GAAP | 345M | three months ended June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Asset Management — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
CRBG
this stock
Corebridge Financial, Inc.
|
$14.95B | +13.0% | -1.2% | — | 0.0% |
|
BLK
BlackRock, Inc.
|
$382.03B | +10.1% | +16.2% | 26.9 | 0.7% |
|
BN
BROOKFIELD Corp
|
$92.37B | -9.8% | — | — | 0.0% |
|
BX
Blackstone Inc.
|
$89.76B | -22.5% | +9.2% | 26.6 | 2.5% |
|
KKR
KKR & Co. Inc.
|
$86.60B | -24.3% | -11.0% | — | 0.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 9, 2026
- This year
- 32
Corebridge Financial, Inc. agreed to repurchase common stock from Argon Holdco LLC for approximately $110 million at $34.09 per share, with completion expected November 10, 2026.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| CRBG | -2.1% | +0.0% | +23.7% | -2.1% | +13.0% |
| SPY | -2.7% | -5.6% | -0.5% | -2.7% | +7.8% |
| vs SPY | +0.6% | +5.6% | +24.1% | +0.6% | +5.2% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.