Corebridge Financial, Inc. - CRBG STOCK NEWS

DPL Financial Partners has announced the integration of Corebridge Financial into its carrier lineup, introducing two commission-free annuity products tailored for fee-only advisors. Corebridge, a leader in retirement solutions, provides the Assured Edge® Advisory fixed annuity and the Power Index Advisory® index annuity, aimed at mitigating retirement risks and enhancing portfolio protection. This partnership allows RIAs to access innovative retirement-focused solutions, fostering improved client outcomes. Corebridge, managing over $345 billion in assets, emphasizes a commitment to supporting financial advisors in building secure financial futures.

Corebridge Financial and EVERFI have conducted a survey involving over 16,000 college students, revealing heightened financial anxiety among students. Key findings indicate that 57% are worried about post-graduation employment and 44% about student loans. Confidence in timely loan repayments has dropped to 69%, while 45% expect family support post-graduation. In credit card management, 83% reported on-time payments. The survey, representative of 371 institutions from 42 states, aims to highlight financial concerns facing students today.

Corebridge Financial, Inc. reported Q3 financial results following its IPO on September 15, 2022, trading under ticker CRBG. Net income surged to $2.4 billion ($3.63 per share), reflecting strong premiums and deposits of $8.8 billion, marking a 23% year-over-year growth. However, operating earnings per share fell to $0.57 from $1.02 a year ago. Despite a 51% decline in adjusted pre-tax operating income, the company noted improved investment spreads and a solid balance sheet. A quarterly dividend of $0.23 per share was declared, with continued focus on growth and capital return strategies.

AIG reported strong financial results for Q3 2022, with a net income of $2.7 billion ($3.50 per diluted share), up from $1.7 billion in Q3 2021. The company successfully completed the IPO of Corebridge Financial, generating approximately $1.7 billion. General Insurance shows a combined ratio improvement to 97.3%, and Life and Retirement saw sales rise to $8.9 billion, a 23% increase year-over-year. However, adjusted after-tax income decreased to $0.66 per share due to lower investment income, reflecting challenging economic conditions.

Corebridge Financial, Inc. (NYSE: CRBG) will report its third quarter 2022 financial results before the market opens on November 9, 2022. The company's financial supplement will be available in the Investors section of corebridgefinancial.com. A conference call is scheduled for 8:30 a.m. EST on the same day to discuss these results. Corebridge manages over $350 billion in assets as of June 30, 2022, making it a prominent provider of retirement solutions and insurance products in the United States.

Corebridge Financial (NYSE: CRBG) has appointed Terri Fiedler as President of its Retirement Services business, effective immediately. Previously serving as President of Financial Distributors since 2019, Fiedler will report to CEO Kevin Hogan. She replaces Robert Scheinerman, who has left to pursue new opportunities. Corebridge's Retirement Services business serves approximately 2 million individuals and manages over $350 billion in assets, focusing on employer-sponsored retirement plans.

Corebridge Financial (NYSE: CRBG) has announced a quarterly cash dividend of $0.23 per share, payable on October 20, 2022. Shareholders of record will be those on file as of October 10, 2022. As of June 30, 2022, the company manages over $350 billion in assets, positioning itself as a leading provider of retirement solutions and insurance products in the United States.

American International Group (AIG) announced the successful closing of its initial public offering (IPO) for Corebridge Financial (CRBG), raising approximately USD 1.7 billion before deductions. Corebridge's shares began trading on the New York Stock Exchange on September 15. J.P. Morgan, Morgan Stanley, and Piper Sandler served as lead bookrunners for the offering. The IPO registration was effective on September 14, 2022, with the final prospectus available from securing institutions. The funds raised aim to fortify AIG's financial standing and support Corebridge's growth in retirement solutions.

American International Group (AIG) has priced the IPO of Corebridge Financial (CRBG) at USD 21 per share, with trading set to start on Sept. 15, 2022. AIG will offer 80 million shares, generating approximately USD 1.7 billion in gross proceeds. The offering's closing is expected on Sept. 19, 2022, pending standard conditions. J.P. Morgan leads the underwriting team. AIG has also provided a 30-day option for underwriters to purchase an additional 12 million shares. The IPO registration was effective as of Sept. 14, 2022.