Corebridge Financial Announces Major Reinsurance Transaction

Corebridge Financial, Inc. ( (CRBG) ) just unveiled an update.

On June 25, 2025, Corebridge Financial, Inc. announced a significant transaction with Venerable Holdings, Inc., where it will reinsure its entire Individual Retirement variable annuity portfolio, valued at $51 billion, through agreements with Corporate Solutions Life Reinsurance Company. This $2.8 billion transaction is expected to generate $2.1 billion in net distributable proceeds for Corebridge, which plans to use the majority for share repurchases. The transaction marks Corebridge’s exit from Individual Retirement variable annuities, aiming to reduce risk and accelerate its capital management strategy. The deal is anticipated to close in the third and fourth quarters of 2025, subject to regulatory approvals and customary conditions.

The most recent analyst rating on (CRBG) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Corebridge Financial, Inc. stock, see the CRBG Stock Forecast page.

Spark’s Take on CRBG Stock

According to Spark, TipRanks’ AI Analyst, CRBG is a Neutral.

Corebridge Financial, Inc. scores a 68.5, reflecting a balance of strengths such as robust cash flow and technical momentum, offset by revenue volatility and high leverage risks. The earnings call provided a positive outlook despite some operational challenges, while the valuation suggests moderate growth expectations.

To see Spark’s full report on CRBG stock, click here.

More about Corebridge Financial, Inc.

Corebridge Financial, Inc. is a major provider of retirement solutions and insurance products in the United States, managing over $400 billion in assets. The company partners with financial professionals and institutions to help individuals plan and secure their financial futures.

Average Trading Volume: 3,183,319

Technical Sentiment Signal: Buy

Current Market Cap: $18.18B

Find detailed analytics on CRBG stock on TipRanks’ Stock Analysis page.