Corebridge Financial, Inc. (CRBG)
NYSE:CRBG
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Corebridge Financial, Inc.
(NYSE:CRBG)
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Rating:59Neutral
Price Target:
$25.00
▲(12.11% Upside)
Action:ReiteratedDate:03/26/26
The score is held to the high-50s by volatile profitability (including a 2025 net loss) and weak technical momentum (price below key moving averages with negative MACD). Offsetting factors include steady positive cash generation and improving leverage, plus supportive management guidance/capital returns and positive corporate events (notably the announced merger and buybacks).
Positive Factors
Steady Cash Generation
Corebridge generates durable operating and free cash flow, with FCF rising ~25% in 2025 and multi-year positive OCF. That recurring cash helps fund buybacks, dividends, capital needs and de-risking actions, providing financial flexibility even if earnings remain lumpy.
Negative Factors
Volatile Profitability
Earnings have swung materially year-to-year, including a net loss and negative ROE in 2025. Such volatility undermines confidence in recurring earnings, complicates capital planning and makes meeting steady dividend/return targets more challenging absent sustained margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Cash Generation
Corebridge generates durable operating and free cash flow, with FCF rising ~25% in 2025 and multi-year positive OCF. That recurring cash helps fund buybacks, dividends, capital needs and de-risking actions, providing financial flexibility even if earnings remain lumpy.
Read all positive factors
Corebridge Financial, Inc. (CRBG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.74B
Dividend Yield3.14%
Average Volume (3M)3.87M
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue Growth25.32%
EPS GrowthN/A
CountryUS
Employees5,200
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)1.22
Shares Outstanding481,685,880
10 Day Avg. Volume4,536,894
30 Day Avg. Volume3,870,447
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)1.23
Price to Sales (P/S)5.63
P/FCF Ratio8.05
Enterprise Value/Market Cap2.02
Enterprise Value/Revenue7.51
Enterprise Value/Gross Profit9.29
Enterprise Value/Ebitda38.28
Forecast
1Y Price Target
$36.18Price Target Upside62.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)5.1
Revenue Forecast (FY)$21.28B
Corebridge Financial, Inc. Business Overview & Revenue Model
Company Description
Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States. It operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments. The Individual Retirement segmen...
How the Company Makes Money
Corebridge primarily makes money through insurance and retirement product economics and related investment income. Key revenue and earnings drivers include: (1) Annuity and retirement product charges and spreads: For fixed annuities and certain re...
Corebridge Financial, Inc. Earnings Call Summary
Earnings Call Date:Feb 09, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 12, 2026
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.Positive Updates
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.
Negative Updates
Life Insurance Earnings Decline
Life Insurance APTI declined 30% year-over-year in the quarter, primarily due to lower underwriting margins; management expects run-rate Life results roughly in the $110–$120 million per quarter range (except seasonally higher Q1).
Read all updates
Q4-2025 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Management guided that Individual Retirement base‑spread income should be in the “zip code” of $2.55 billion for 2026 and that base‑spread compression should level off by year‑end assuming two Fed cuts; they’ve cut short‑term rate sensitivity roughly 75% since mid‑2024 so an additional 25‑bp SOFR decline now trims operating earnings by only $20–25 million (vs. $45 million last September). They expect alternative‑investment returns to normalize toward long‑term ~8–9% (noting near‑term Q1 real‑estate equity softness of ~$20–30 million), plan to invest in digitization with operating expenses up ~4–5% (~$60 million) in 2026, and will execute roughly $900 million of VA‑deal‑linked share repurchases in 1H26. Balance‑sheet and capital targets remain intact after returning $2.6 billion of capital in 2025 (including $1.2 billion in Q4), holding‑company liquidity >$2.3 billion (supported by $1.3 billion of Q4 insurance‑company distributions), a 2025 payout ratio of 110% (75% excluding VA proceeds), and management expects to meet adjusted‑ROE/capital‑return/run‑rate EPS goals, albeit at the lower end of the 10%–15% EPS growth band.Corebridge Financial, Inc. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
62
Positive
Cash Flow
60
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.89B | 2.68B | 2.36B | 1.88B | 22.10B |
| Gross Profit | 2.34B | 2.12B | 1.78B | 1.34B | 14.05B |
| EBITDA | 567.00M | 3.55B | 1.89B | 11.61B | 11.08B |
| Net Income | -366.00M | 2.23B | 1.10B | 8.16B | 7.36B |
Balance Sheet | |||||
| Total Assets | 413.55B | 389.40B | 379.27B | 360.32B | 416.21B |
| Cash, Cash Equivalents and Short-Term Investments | 66.54B | 63.92B | 171.47B | 161.75B | 204.58B |
| Total Debt | 10.91B | 12.39B | 11.87B | 15.33B | 15.68B |
| Total Liabilities | 399.59B | 377.07B | 366.63B | 350.00B | 387.28B |
| Stockholders Equity | 13.20B | 11.46B | 11.77B | 9.38B | 27.09B |
Cash Flow | |||||
| Free Cash Flow | 2.02B | 2.15B | 3.36B | 2.62B | 2.40B |
| Operating Cash Flow | 2.02B | 2.15B | 3.36B | 2.62B | 2.40B |
| Investing Cash Flow | -13.33B | -11.54B | -5.38B | -7.25B | -1.97B |
| Financing Cash Flow | 10.94B | 9.58B | 2.02B | 4.67B | -753.00M |
Corebridge Financial, Inc. Technical Analysis
Negative
22.30
Price Trends
27.46
Negative
28.58
Negative
30.68
Negative
Market Momentum
-1.18
Negative
33.65
Neutral
53.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRBG, the sentiment is Negative. The current price of 22.3 is below the 20-day moving average (MA) of 24.11, below the 50-day MA of 27.46, and below the 200-day MA of 30.68, indicating a bearish trend. The MACD of -1.18 indicates Negative momentum. The RSI at 33.65 is Neutral, neither overbought nor oversold. The STOCH value of 53.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CRBG.
Corebridge Financial, Inc. Risk Analysis
Corebridge Financial, Inc. disclosed 44 risk factors in its most recent earnings report. Corebridge Financial, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Corebridge Financial, Inc. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $19.29B | 12.86 | 19.58% | 4.88% | 4.26% | 0.42% | |
69 Neutral | $11.85B | 12.10 | 5.06% | 5.33% | 2.31% | 5.71% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $39.83B | 13.05 | 58.14% | 1.26% | 5.76% | 39.77% | |
62 Neutral | $34.15B | 12.46 | 10.76% | 2.43% | 5.62% | 49.49% | |
60 Neutral | $16.49B | 26.29 | 14.18% | 2.30% | -24.62% | 437.16% | |
59 Neutral | $10.74B | -44.46 | -2.87% | 3.14% | 25.32% | ― |
* Financial Sector Average
CRBG
Corebridge Financial, Inc.
22.30
-8.24
-26.99%
AMP
Ameriprise Financial
436.81
-41.08
-8.60%
BEN
Franklin Resources
22.75
4.28
23.15%
STT
State Street
122.52
35.59
40.95%
TROW
T Rowe Price
88.45
1.29
1.48%
CG
Carlyle Group
45.67
3.20
7.54%
Corebridge Financial, Inc. Corporate Events
Business Operations and StrategyM&A Transactions
Corebridge and Equitable Announce Transformational All-Stock Merger
Positive
Mar 26, 2026
On March 26, 2026, Corebridge Financial and Equitable Holdings announced a definitive all-stock merger agreement that will create a $22 billion combined company focused on retirement, life, wealth and asset management, serving more than 12 million...
Business Operations and StrategyExecutive/Board ChangesStock Buyback
Corebridge Advances Governance Independence as AIG Influence Fades
Positive
Mar 24, 2026
Corebridge Financial, Inc. reported that on March 23, 2026, directors Rose Marie Glazer and Adam Burk resigned from its Board, with the company stating their departures were not due to any disagreement over operations, policies, or practices. The ...
Executive/Board Changes
Corebridge Announces Upcoming Nippon-Designated Board Member Change
Neutral
Mar 16, 2026
Corebridge Financial, Inc. disclosed that Nippon Life Insurance Company will change one of its designated directors, with Minoru Kimura departing the Corebridge Board of Directors effective April 20, 2026, due to Nippon’s normal personnel ro...
Business Operations and StrategyStock Buyback
Corebridge Announces $750 Million Share Repurchase from AIG
Positive
Feb 12, 2026
On February 12, 2026, Corebridge Financial, Inc. entered into a share repurchase agreement with American International Group, Inc., agreeing to buy back common shares at $30.42 per share, the closing price of its stock that day on the New York Sto...
Business Operations and StrategyM&A Transactions
Corebridge Finalizes Multi-Stage Variable Annuity Reinsurance Deal
Positive
Jan 5, 2026
On January 5, 2026, Corebridge Financial announced the completion of the final portions of its agreement with Corporate Solutions Life Reinsurance Company, an insurance subsidiary of Venerable Holdings, covering the reinsurance of all individual r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.