Corebridge Financial, Inc. (CRBG)
NYSE:CRBG
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.2Last Year’s EPS
1.36Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasizes multiple substantive positives: a strategic merger with clear synergy targets, robust underlying operating performance (ex-VII), meaningful fee and asset growth, strong capital/liquidity, and prioritized investments in customer experience and digital capabilities. The primary negatives are a short-term drag from variable investment income, some spread and underwriting pressure versus a strong prior-year comp, transitional impacts in group retirement as the business shifts to fee-based earnings, and ordinary integration/execution risks tied to the merger. Management provided quantified improvements (EPS +13% ex-VII, run-rate EPS +9%, adjusted ROE +120 bps) and clear mitigation plans for investment exposures and integration, suggesting the positives outweigh the near-term headwinds.Company Guidance
Transformative Merger with Equitable
Announced merger creating a diversified financial services company with more than 12 million customers and $1.5 trillion in assets under management and administration; targeted $500 million of run-rate expense synergies plus additional revenue, tax and capital synergies; management expects earnings to exceed $5 billion and cash generation to top $4 billion per year by 2027 and 10%+ EPS/cash generation improvement by year-end 2028.
Strong Underlying Operating Performance
Excluding variable investment income (VII) and notable items, operating EPS increased 13% year-over-year; adjusted return on equity improved by 120 basis points; adjusted pretax operating income was $629 million and reported EPS was $1.05 for the quarter; run-rate operating EPS was $1.17 (a 9% YoY increase).
Solid Fee and Asset Growth
Fee income grew 9% year-over-year, driven by higher assets under management and advisory; advisory and brokerage assets (group retirement) rose to all-time highs and grew ~14% YoY with net inflows; institutional markets AUM/A increased 13% and reserves in institutional markets grew 18% year-over-year.
Strong Sales and Net Flows in Key Businesses
Individual Retirement premiums and deposits (sales) were $4.3 billion in the quarter with positive net flows ~ $0.5 billion into the general account; Life sales were $850 million; Group Retirement net flows exceeded $300 million and Institutional markets issued over $1 billion of GICs (including first CAD-denominated GIC).
Healthy Capital & Liquidity Position
Holding company liquidity exceeded $1.7 billion at quarter-end; U.S. insurance companies distributed $925 million in dividends during the quarter; capital returned to shareholders totaled $1.4 billion in the quarter and management reaffirmed targeted insurance company distributions (~$2.3 billion for 2026 including expected items).
Customer Experience Recognition & Digital Investments
Ranked #1 by J.D. Power for partner satisfaction and annuity distribution; launched customer council and multiple digital initiatives (digital submissions, real-time application status, new wealth digital experience, payroll platform for plan sponsors) to reduce friction and improve adviser/plan sponsor experience.
Disciplined Capital Allocation & Buyback Plans
Completed active capital returns in the quarter and explored share repurchases pre-close of the merger; completed earlier buybacks (~$1.25 billion referenced in call) and signaled intent to repurchase in the proxy window and post-vote periods subject to blackout rules.
Investment Portfolio Quality & Risk Controls
Statutory investment portfolio of $284 billion with $49 billion in private debt where 91% is rated investment grade; limited middle-market lending exposure ($3.3 billion, ~1% of portfolio) and BDC debt exposure of $1.7 billion (debt-only, no equity); management highlights robust underwriting, monitoring and stress testing and net positive rating migration over last four years.
CRBG Earnings History
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 |
|---|---|---|---|
May 04, 2026 | $27.07 | $28.46 | +5.13% |
Feb 09, 2026 | $30.86 | $31.12 | +0.83% |
Nov 03, 2025 | $30.39 | $30.70 | +1.00% |
Aug 04, 2025 | $33.91 | $33.43 | -1.41% |
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 Jul 30, 2026, Before Open (Confirmed).
What is Corebridge Financial, Inc. (CRBG) earnings time?
Corebridge Financial, Inc. (CRBG) earnings time is at Jul 30, 2026, 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 2026 (Q2) is 1.2.