Corebridge reports Q1 operating EPS $1.05, consensus $1.06

“Corebridge (CRBG) delivered strong financial results in the first quarter,” said Marc Costantini, President and Chief Executive Officer. “Earnings per share and return on equity both improved year over year. This, alongside consistent organic growth and the proceeds from our variable annuity transaction, supported a record return of capital to shareholders through repurchases. We are making excellent progress toward closing our transformative merger with Equitable, a deal that will enhance our scale, diversification, and cash generation. Regulatory filings remain on track, and our leadership team for the combined company is finalized and will be announced shortly. Furthermore, our newly established integration management office is already hard at work to ensure a seamless transition for all stakeholders. Our success is built on a steadfast commitment to putting the customer at the center of everything we do. That means delivering a differentiated customer-value proposition through product breadth and innovation, and being the easiest company to do business with. At five months into my tenure, I’m impressed at the speed and focus the team has brought to digitizing our processes across every stage of the customer journey.”