The earnings call presented a strong financial performance with significant achievements, particularly the transformative reinsurance transaction and record sales in Individual Retirement. However, challenges were noted in base spread income and Group Retirement transitions. Overall, the highlights of growth and strategic initiatives significantly outweigh the lowlights.

Company Guidance -

Q3 2025

In the second quarter of 2025 earnings call, Corebridge Financial provided guidance highlighting several key metrics and strategic initiatives. The company reported adjusted pretax operating income of $942 million, resulting in operating earnings per share of $1.36, marking a 20% increase year-over-year. The transformative variable annuity reinsurance transaction was emphasized as a pivotal move, generating $2.1 billion of net distributable proceeds, with a substantial portion earmarked for share repurchases. This transaction is expected to enhance shareholder value by reducing risk and improving earnings quality. Corebridge also aims to grow earnings per share by an average of 10% to 15% annually, leveraging strong annuity sales, which surpassed $1 billion for their new RILA product within nine months of launch. The company remains committed to executing on its strategic pillars, including organic growth, balance sheet optimization, expense efficiency, and capital management, with a focus on delivering a 60% to 65% payout ratio.

Transformative Reinsurance Transaction

Corebridge closed a major reinsurance transaction, exiting its Individual Retirement variable annuity financial risk. This resulted in $2.1 billion of net distributable proceeds, primarily allocated for share repurchases, expected to be EPS accretive.

Strong Financial Growth

Corebridge reported a second quarter adjusted pretax operating income of $942 million, with operating earnings per share increasing by 20% year-over-year.

Record Sales in Individual Retirement

Individual Retirement sales exceeded last year's record second quarter, with cumulative sales of the new RILA product surpassing $1 billion within nine months of launch.

Expense Efficiency Achievements

Corebridge Forward initiatives led to a 14% reduction in general operating expenses since the IPO, with ongoing efforts to further improve operating leverage.

Life Insurance Performance

Life Insurance underwriting margin grew by 12% year-over-year, with a 44% increase in adjusted pretax operating income, driven by favorable mortality experience and improved investment yields.

Corebridge Financial, Inc. (CRBG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CRBG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	1.25 / -	1.38	―	―	―
Aug 04, 2025	2025 (Q2)	1.15 / 1.36	1.13	20.35% (+0.23)
May 05, 2025	2025 (Q1)	1.14 / 1.16	1.1	5.45% (+0.06)
Feb 12, 2025	2024 (Q4)	1.20 / 1.23	1.04	18.27% (+0.19)
Nov 04, 2024	2024 (Q3)	1.17 / 1.38	1.05	31.43% (+0.33)
Jul 31, 2024	2024 (Q2)	1.09 / 1.13	1.04	8.65% (+0.09)
May 03, 2024	2024 (Q1)	1.05 / 1.10	0.97	13.40% (+0.13)
Feb 15, 2024	2023 (Q4)	0.97 / 1.04	0.88	18.18% (+0.16)
Nov 03, 2023	2023 (Q3)	1.03 / 1.05	0.57	84.21% (+0.48)
Aug 04, 2023	2023 (Q2)	0.93 / 1.04	0.53	96.23% (+0.51)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CRBG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 04, 2025	$34.79	$34.30	-1.41%
May 05, 2025	$30.33	$31.06	+2.41%
Feb 12, 2025	$32.27	$31.54	-2.26%
Nov 04, 2024	$30.84	$29.33	-4.90%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Corebridge Financial, Inc. (CRBG) report earnings?

Corebridge Financial, Inc. (CRBG) is schdueled to report earning on Nov 11, 2025, Before Open (Confirmed).

What is Corebridge Financial, Inc. (CRBG) earnings time?

Corebridge Financial, Inc. (CRBG) earnings time is at Nov 11, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CRBG EPS forecast?

CRBG EPS forecast for the fiscal quarter 2025 (Q3) is 1.25.

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