Welcome to our dedicated page for Corebridge Financial news (Ticker: CRBG), a resource for investors and traders seeking the latest updates and insights on Corebridge Financial stock.
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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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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Corebridge Financial-Morning Consult Survey Reveals Workers' Lack of Retirement Plan Review During Open Enrollment
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AIG Closes Secondary Offering of Corebridge Financial, Inc. (CRBG) Common Stock, Raises $1.0 Billion: American International Group, Inc. (NYSE: AIG) has successfully completed the secondary offering of 50 million shares of Corebridge Financial, Inc. (NYSE: CRBG) common stock at a public offering price of $20.50 per share, with the option for underwriters to purchase an additional 7.5 million shares. The offering raised approximately $1.0 billion for AIG, with all net proceeds going to the company. Goldman Sachs & Co. LLC and J.P. Morgan acted as underwriters for the offering.
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American International Group, Inc. (NYSE: AIG) has priced the secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock at $20.50 per share. AIG is selling 50 million existing shares, raising approximately $1.0 billion in proceeds. The offering is expected to close on November 8, 2023.
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American International Group, Inc. (AIG) has announced the launch of a secondary offering of Corebridge Financial, Inc. (CRBG) common stock. AIG is offering 50 million existing shares of common stock, with the option for underwriters to purchase an additional 7.5 million shares. The net proceeds from the offering will go to AIG. The last reported per share sale price of Corebridge Financial's common stock was $21.08 on November 3, 2023. Goldman Sachs & Co. LLC and J.P. Morgan are acting as the underwriters for the offering.
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Corebridge Financial, Inc. (NYSE: CRBG) reported its financial results for Q3 2023. The company returned $1.4 billion to shareholders since its IPO and achieved a net income of $2.1 billion. Premiums and deposits increased by 28% compared to the same period last year. The company also announced the sale of its UK life business to Aviva plc for £460 million.
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Corebridge Financial, Inc. (NYSE: CRBG) has declared a special dividend of $1.16 per share payable on November 22, 2023. The dividend will be paid to common shareholders of record on November 13, 2023. The total amount of the special dividend payment will be around $730 million.
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Corebridge Financial, Inc. has completed the sale of Laya Healthcare Limited to a subsidiary of AXA S.A. Laya healthcare is the second largest health insurance provider in Ireland and offers various health insurance products and services, as well as life insurance and travel insurance.
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Corebridge Financial, Inc. (NYSE: CRBG) to report Q3 2023 financial results on November 3, 2023. Conference call scheduled at 8:30 a.m. EDT. Webcast available on corebridgefinancial.com.
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AIG announces Patricia Walsh as new EVP and General Counsel, effective Dec 1, 2023. Walsh will be responsible for legal, compliance, and regulatory functions, as well as government affairs. Positive impact expected on AIG's journey to becoming a top-performing company.
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FAQ
What is the current stock price of Corebridge Financial (CRBG)?
The current stock price of Corebridge Financial (CRBG) is $31.47 as of November 21, 2024.
What is the market cap of Corebridge Financial (CRBG)?
The market cap of Corebridge Financial (CRBG) is approximately 17.7B.
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
17.65B
567.40M
0.26%
103.39%
1.56%
Asset Management
Life Insurance
United States of America
HOUSTON