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Corebridge Financial Reclassifies Variable Annuity Business

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Corebridge Financial Reclassifies Variable Annuity Business

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Corebridge Financial, Inc. ( (CRBG) ) has issued an update.

On August 1, 2025, Corebridge Financial, Inc. completed a significant transaction under a Master Transaction Agreement involving American General Life Insurance Company, The United States Life Insurance Company, and Corporate Solutions Life Reinsurance Company. As a result, Corebridge reclassified its variable annuity business from the Individual Retirement segment to the Corporate and Other segment, and excluded its results from Adjusted Pre-tax Operating Income. This change, effective retrospectively from the third quarter of 2025, aligns with the company’s strategic focus following the closing of the reinsurance agreement with AGL, impacting how the company’s performance is assessed and resources allocated.

The most recent analyst rating on (CRBG) stock is a Hold with a $32.00 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. faces significant financial performance challenges, with declining revenue and profitability being the most impactful factors. Technical analysis indicates a bearish trend, and valuation concerns persist due to a negative P/E ratio. However, the positive sentiment from the earnings call, driven by strong operational performance and strategic initiatives, provides some optimism for future growth.

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

More about Corebridge Financial, Inc.

Corebridge Financial, Inc. operates in the financial services industry, focusing on life insurance and retirement solutions. The company provides a range of products including variable annuities and life insurance, targeting individual and institutional markets.

Average Trading Volume: 3,535,346

Technical Sentiment Signal: Buy

Current Market Cap: $17.8B

For an in-depth examination of CRBG stock, go to TipRanks’ Overview page.

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