Strong Organic Growth
Corebridge achieved total premiums and deposits of $12.3 billion, with Individual Retirement sales of the RILA product nearly $800 million in the third quarter and topping $1.7 billion year-to-date, reflecting robust demand.
Institutional Markets Performance
Institutional Markets had the strongest sales quarter since the IPO with both GICs and pension risk transfer transactions showing exceptional growth, contributing to a 19% growth in total reserves.
Record Capital Return
Year-to-date, Corebridge returned more than $1.4 billion to shareholders through buybacks and dividends, with a target payout ratio of 60% to 65%.
Robust Balance Sheet
Corebridge maintains strong capital ratios above targets, with holding company liquidity of $1.8 billion, and has executed a transformative VA reinsurance transaction to optimize capital efficiency.