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Corebridge Financial, Inc. (CRBG)
NYSE:CRBG
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.18Last Year’s EPS
1.16Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call presented more positives than negatives: management reported record full-year sales, EPS and ROE improvements, a successful RILA launch, strong institutional growth, meaningful balance-sheet derisking and robust capital returns and liquidity. Key challenges include a sizeable decline in Life underwriting earnings, underwriting margin compression, some retail annuity softness and short-term alternative investment and rate-sensitivity headwinds. Management articulated clear mitigation actions (reinsurance, Bermuda cessions, reduced rate sensitivity, targeted investments) and a credible plan to drive fee-based growth and digitization.Company Guidance
Record Full-Year Sales
Total sales were up 4% year-over-year to a record $42 billion for 2025, with Individual Retirement full-year sales of $20.6 billion and fourth quarter Individual Retirement sales of $4.3 billion.
Earnings and ROE Improvement
Adjusted pretax operating income of $760 million and operating EPS of $1.22, a 15% year-over-year increase; run-rate operating EPS (adjusted) of $1.19, a 7% year-over-year increase. Adjusted ROE was 12.5% in the quarter (up 140 basis points year-over-year) and full-year return on average equity increased 20 basis points.
Successful Product Launch — RILA 'Market Lock'
Launched RILA product 'Market Lock' in a crowded field and quickly reached a top-10 position; RILA generated full-year sales of $1.9 billion and supported positive net flows (over $600 million in the quarter).
Institutional Markets Growth
Institutional markets sales grew 24% in 2025, total APTI up 8% year-over-year in the quarter and full-year earnings up 19% versus 2024; reserves in the institutional business grew 23% year-over-year driven by PRTs and GICs.
Material Balance Sheet Derisking and Strong Capital Metrics
Completed the industry’s largest variable annuity reinsurance transaction, reducing legacy liabilities to ~1% of the balance sheet. Life company RBC ratio finished above 430%, holding company liquidity exceeded $2.3 billion, and ~$20 billion of reserves ceded via Bermuda strategy to date.
Capital Return to Shareholders
Full-year capital returned totaled $2.6 billion (including $1.2 billion in Q4). 2025 payout ratio was 110% (75% excluding VA reinsurance proceeds). Board approved a 4% increase in the common dividend to $0.25 per share and insurance-company dividends to parent grew 6% year-over-year excluding VA proceeds.
Reduced Interest-Rate Sensitivity
Management reduced sensitivity to short-term interest rates by nearly 75% since mid-2024; a 25 basis-point SOFR reduction is estimated to impact operating earnings by $20–25 million on a go-forward basis (down from ~$45 million previously).
Fee and Spread Income Momentum
Core income sources (ex-notable items) up 1% year-over-year. Fee income improved by 9% year-over-year and base spread income grew 4% year-over-year, supporting resilient distributable cash flows.
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 |
|---|---|---|---|
Feb 09, 2026 | $31.19 | $31.45 | +0.83% |
Nov 03, 2025 | $30.72 | $31.02 | +0.98% |
Aug 04, 2025 | $34.27 | $33.79 | -1.40% |
May 05, 2025 | $29.88 | $30.60 | +2.41% |
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 May 12, 2026, Before Open (Confirmed).
What is Corebridge Financial, Inc. (CRBG) earnings time?
Corebridge Financial, Inc. (CRBG) earnings time is at May 12, 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 (Q1) is 1.18.