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Corebridge Financial, Inc. (CRBG)
NYSE:CRBG
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.19Last Year’s EPS
1.13Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: 4.88%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
Corebridge Financial demonstrated strong financial performance and resilience in the first quarter, with significant achievements in organic growth and balance sheet management. However, challenges such as a decline in individual retirement income, higher operating expenses, and impacts from market volatility indicate an environment of cautious optimism.Company Guidance
In the first quarter of 2025, Corebridge Financial Inc. reported significant financial metrics demonstrating robust performance amidst macroeconomic uncertainties. The company achieved operating earnings per share of $1.16 and a return on equity (ROE) of 11.8%. They returned $454 million to shareholders, reflecting a payout ratio of 70%. The balance sheet remained resilient with holding company liquidity at $2.4 billion, supported by a high-quality general account investment portfolio. Corebridge's strategic pillars include organic growth, balance sheet optimization, expense efficiencies, and active capital management, which collectively drive EPS growth and long-term value creation. In terms of business performance, the company reported premiums and deposits of $9.3 billion, with individual retirement generating $4.7 billion. Their RILA product, introduced in October 2024, delivered over $260 million in first-quarter sales. Group retirement showed growth with a 9% increase in average enrollments and 10% in average deposits. Additionally, the advisory and brokerage business saw a 5% year-over-year increase in assets under management and administration (AUMA). Institutional Markets experienced a 48% year-over-year increase in GIC reserves. Corebridge's financial targets remain strong, with an annual run rate EPS growth expectation of 10% to 15% and a maintained Life Fleet RBC ratio above target despite market volatility.Strong First Quarter Financial Performance
Corebridge reported operating earnings per share of $1.16 and a return on equity (ROE) of 11.8%. They returned $454 million to shareholders with a payout ratio of 70%.
Resilient Balance Sheet
Corebridge's balance sheet remains strong with holding company liquidity of $2.4 billion and a high-quality investment portfolio with an average rating of single A.
Organic Growth and Product Expansion
The company reported robust premiums and deposits of $9.3 billion, driven by strong demand in individual retirement, and launched a new RILA product with $260 million in sales in its first quarter.
Life Insurance and Institutional Markets Growth
Life Insurance delivered strong performance with favorable mortality results, while Institutional Markets saw a 48% year-over-year increase in GIC reserves.
Proactive Balance Sheet and Capital Management
Corebridge ceded approximately $2 billion in reserves to its affiliated reinsurer in Bermuda, continuing to enhance capital efficiency.
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 05, 2025 | $30.56 | $31.29 | +2.39% |
Feb 12, 2025 | $32.51 | $31.78 | -2.25% |
Nov 04, 2024 | $31.08 | $29.55 | -4.92% |
Jul 31, 2024 | $28.86 | $27.06 | -6.24% |
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 31, 2025, TBA Not Confirmed.
What is Corebridge Financial, Inc. (CRBG) earnings time?
Corebridge Financial, Inc. (CRBG) earnings time is at Jul 31, 2025, TBA Not 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 (Q2) is 1.19.