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Corebridge Financial, Inc. (symbol: CRBG) is a leading provider of retirement solutions and insurance products in the United States. Through its comprehensive range of services, the company aims to secure the financial future of its clients. Corebridge Financial operates through five key segments:
- Individual Retirement: This segment focuses on providing customized retirement solutions to individuals, and it is the primary revenue generator for the company.
- Group Retirement: This segment offers retirement plans and services tailored for groups and organizations, ensuring that entities of all sizes can secure retirement benefits for their members.
- Life Insurance: Corebridge Financial's life insurance segment provides a variety of life insurance products aimed at protecting and supporting families financially after the loss of a loved one.
- Institutional Markets: This division caters to institutional clients, offering specialized financial products and services tailored to meet the unique needs of large-scale organizations.
- Corporate and Other: This segment encompasses the company's corporate functions and other financial operations not included in the primary business units.
Corebridge Financial, Inc. has earned recognition for its innovative solutions and robust financial performance. The company's recent projects include expanding its product offerings and leveraging technology to enhance customer experience. Corebridge Financial continues to build strong partnerships and collaborations to widen its market reach and improve service delivery.
With a solid financial foundation, Corebridge Financial, Inc. remains committed to helping clients achieve their retirement goals and secure their financial future. The firm's strategic initiatives and ongoing projects are geared towards maintaining its leadership in the retirement and insurance sectors.
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Corebridge Financial, Inc. (CRBG) will release its first quarter 2024 financial results on May 3, 2024. A conference call will be held to discuss the results, accessible via webcast on corebridgefinancial.com.
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New research from Corebridge Financial and The Longevity Project reveals that 54% of Americans aspire to live to 100, with family, friends, and new experiences being the top benefits of a long life. Despite this desire, many do not plan to delay retirement to fund longer lives, with financial concerns overshadowing the prospect of extended longevity.
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Corebridge Financial, Inc. (CRBG) appoints Deborah Leone, a former Goldman Sachs partner, as an independent director, bringing over 30 years of financial and risk management experience. Ms. Leone's extensive background in operations, audit, and digital will benefit Corebridge Financial.
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Corebridge Financial, Inc. (CRBG) reports strong financial performance in Q4 and full year 2023 with significant increases in premiums, deposits, base spread income, and adjusted after-tax operating income. Despite a net loss in Q4, the company returned $2.2 billion to shareholders in 2023, demonstrating resilience and commitment to value creation.
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Corebridge Financial expands its annuity lineup for registered investment advisors with the launch of American Pathway Advisory, a multi-year guaranteed annuity that offers growth, principal protection, and enhanced flexibility. The MYGA allows consumers to lock in growth for three, five, or seven years and easily renew for another term without withdrawal charges, making it simpler for RIAs to manage assets.
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Corebridge Financial, Inc. (NYSE: CRBG) will release its fourth quarter and full year 2023 financial results on February 15, 2024. The company will host a conference call to review the results, and the webcast will be available on corebridgefinancial.com.
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Corebridge Financial, Inc. (NYSE: CRBG) announced a $150 million share repurchase agreement with American International Group, Inc. and Blackstone Inc. The repurchase is expected to close on December 18, 2023, at a purchase price of $21.75 per share.
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American International Group, Inc. (NYSE: AIG) has closed a secondary offering of shares of Corebridge Financial, Inc. (NYSE: CRBG) common stock. AIG sold 35 million existing shares at a public offering price of $20.50 per share, with a 30-day option to the underwriter to purchase up to an additional 5.25 million shares. The proceeds to AIG after deducting expenses were approximately $712 million. AIG remains a majority shareholder of Corebridge Financial.
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American International Group, Inc. (NYSE: AIG) priced the secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock at $20.50 per share. AIG offered 35 million existing shares of CRBG, corresponding to approximately $718 million of gross proceeds. AIG also granted a 30-day option to the underwriter to purchase up to an additional 5.25 million shares. The net proceeds from the offering will go to AIG, which will remain a majority shareholder of Corebridge Financial upon completion of this offering.
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American International Group, Inc. (NYSE: AIG) has announced the launch of a secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock. AIG, as the selling stockholder, is offering 35 million existing shares of common stock of Corebridge, with a 30-day option to purchase up to an additional 5.25 million shares. AIG will remain a majority shareholder of Corebridge Financial upon completion of this offering. The last reported per share sale price of Corebridge Financial common stock was $21.03. J.P. Morgan is acting as the underwriter for the offering.
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FAQ
What is the current stock price of Corebridge Financial (CRBG)?
The current stock price of Corebridge Financial (CRBG) is $29.99 as of November 5, 2024.
What is the market cap of Corebridge Financial (CRBG)?
The market cap of Corebridge Financial (CRBG) is approximately 17.8B.
What does Corebridge Financial, Inc. do?
Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States, offering services through five key segments: Individual Retirement, Group Retirement, Life Insurance, Institutional Markets, and Corporate and Other.
What are the main segments of Corebridge Financial, Inc.?
Corebridge Financial operates through Individual Retirement, Group Retirement, Life Insurance, Institutional Markets, and Corporate and Other segments.
Which segment generates the most revenue for Corebridge Financial, Inc.?
The Individual Retirement segment is the primary revenue generator for Corebridge Financial, Inc.
What types of products does Corebridge Financial's Life Insurance segment offer?
The Life Insurance segment offers various life insurance products designed to support families financially after the loss of a loved one.
How does Corebridge Financial support institutional clients?
The Institutional Markets segment provides specialized financial products and services tailored to meet the needs of large-scale organizations.
What recent projects has Corebridge Financial undertaken?
Recent projects include expanding product offerings and leveraging technology to enhance customer experience.
How does Corebridge Financial enhance customer experience?
The company leverages technology to improve service delivery and expand product offerings, ensuring a better customer experience.
What are Corebridge Financial's strategic initiatives?
Corebridge Financial's strategic initiatives focus on maintaining leadership in the retirement and insurance sectors through innovation, strong partnerships, and robust financial performance.
Where does Corebridge Financial operate?
Corebridge Financial operates throughout the United States, providing a broad set of retirement and insurance products.
How has Corebridge Financial been recognized in the industry?
Corebridge Financial is recognized for its innovative solutions, solid financial performance, and commitment to helping clients achieve their retirement and financial goals.
Corebridge Financial, Inc.
NYSE:CRBG
CRBG Rankings
CRBG Stock Data
17.77B
592.01M
0.25%
101.45%
1.66%
Asset Management
Life Insurance
United States of America
HOUSTON