Corebridge Financial, Inc. (CRBG) AI Stock Analysis

• Market Cap: $15.81B
• Dividend Yield: 3.13%
• Average Volume (3M): 6.43M
• Price to Earnings (P/E): 17.4
• Beta (1Y): 1.28
• Revenue Growth: 25.32%
• EPS Growth: N/A
• Country: US
• Employees: 5,200
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.96
• Shares Outstanding: 520,493,840
• 10 Day Avg. Volume: 4,867,035
• 30 Day Avg. Volume: 6,432,941
• PEG Ratio: 0.07
• Price to Book (P/B): 1.56
• Price to Sales (P/S): 0.96
• P/FCF Ratio: 8.32
• Enterprise Value/Market Cap: 1.84
• Enterprise Value/Revenue: 10.13
• Enterprise Value/Gross Profit: 12.61
• Enterprise Value/Ebitda: 12.03
• 1Y Price Target: $38.75
• Price Target Upside: 27.59% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 4.4
• Revenue Forecast (FY): $19.48B

• Rating: 68 Neutral
• Price Target: $33.00 ▲(8.66% Upside)

Corebridge Financial's overall score reflects strong financial performance and strategic corporate changes. However, technical indicators and cash flow challenges present some risks. The company's valuation and recent corporate events provide a balanced outlook.

Positive Factors

Revenue Growth

Strong revenue growth from premiums and deposits indicates robust demand for Corebridge's products, supporting long-term business expansion.

Capital Management

Significant capital returns through buybacks and dividends demonstrate strong financial health and commitment to shareholder value.

Balance Sheet Strength

A robust balance sheet with strong capital ratios ensures financial stability and flexibility for future growth opportunities.

Negative Factors

Net Profit Margin Decline

A declining net profit margin suggests pressure on profitability, potentially impacting long-term earnings and financial performance.

Cash Flow Challenges

Negative free cash flow growth indicates challenges in cash generation, which could limit investment and operational flexibility.

Return on Equity Decline

A significant decline in return on equity may reflect less efficient use of capital, potentially affecting long-term shareholder returns.

Corebridge Financial, Inc. Business Overview & Revenue Model

Company Description

Corebridge Financial, Inc. (CRBG) is a leading provider of retirement and protection solutions, focusing on helping individuals and institutions manage their financial futures. The company operates primarily in the financial services sector, offering a diverse range of products including life insurance, retirement annuities, and investment solutions. With a commitment to delivering innovative financial products, Corebridge aims to empower its clients through various channels, including individual, workplace, and institutional markets.

How the Company Makes Money

Corebridge Financial generates revenue through multiple streams, including premiums from life insurance policies, fees from retirement annuities, and investment income from managed assets. The company earns significant income from the sale of various insurance products, with a focus on life and health insurance, where it collects premiums over time. Additionally, Corebridge receives fees for managing retirement accounts and investment products, which can include administrative fees, investment management fees, and performance-based fees. Strategic partnerships with financial advisors and institutions also enhance its distribution capabilities, further contributing to its earnings. The company's emphasis on customer-centric solutions and effective risk management plays a vital role in sustaining its revenue growth.

Corebridge Financial, Inc. Financial Statement Overview

Summary

Corebridge Financial, Inc. demonstrates strong revenue growth and operational efficiency, with high EBIT and EBITDA margins. However, the decline in net profit margin and return on equity, along with negative free cash flow growth, indicate potential inefficiencies and challenges in cash flow generation.

Income Statement

Corebridge Financial, Inc. shows strong revenue growth with a TTM revenue growth rate of 70.1%, indicating robust expansion. The EBIT and EBITDA margins are healthy at 40.8% and 42.1% respectively, reflecting efficient operations. However, the net profit margin has decreased to 5.2% from 11.96% in the previous year, suggesting some pressure on net profitability.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.69 in the TTM, indicating a more balanced capital structure compared to previous years. However, the return on equity has decreased to 8.04% from 19.46%, which may indicate less efficient use of equity capital. The equity ratio remains stable, reflecting a solid asset base.

Cash Flow

Operating cash flow is positive, but the free cash flow growth rate is negative at -3.52%, indicating a decline in cash generation. The operating cash flow to net income ratio is relatively low at 0.17, suggesting potential challenges in converting income into cash. However, the free cash flow to net income ratio remains strong at 1.0, indicating that the company is still generating sufficient cash relative to its net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.88B	2.68B	2.36B	1.88B	23.56B	15.06B
Gross Profit	2.31B	2.12B	1.78B	1.34B	-3.79B	-3.31B
EBITDA	2.42B	3.55B	1.89B	11.61B	11.08B	1.67B
Net Income	991.00M	2.23B	1.10B	8.16B	8.24B	642.00M
Balance Sheet
Total Assets	411.29B	389.40B	379.27B	360.32B	416.21B	410.15B
Cash, Cash Equivalents and Short-Term Investments	64.47B	63.92B	171.47B	161.75B	204.58B	207.83B
Total Debt	11.02B	12.39B	11.87B	15.33B	15.68B	11.25B
Total Liabilities	396.97B	377.07B	366.63B	350.00B	387.28B	370.32B
Stockholders Equity	13.54B	11.46B	11.77B	9.38B	27.09B	37.23B
Cash Flow
Free Cash Flow	1.62B	2.15B	3.36B	2.62B	1.18B	3.01B
Operating Cash Flow	1.62B	2.15B	3.36B	2.62B	2.46B	3.33B
Investing Cash Flow	-11.21B	-11.54B	-5.38B	-7.25B	-1.97B	-7.91B
Financing Cash Flow	9.37B	9.58B	2.02B	4.67B	-809.00M	4.67B

Corebridge Financial, Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 30.37
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRBG, the sentiment is Neutral. The current price of 30.37 is above the 20-day moving average (MA) of 29.26, below the 50-day MA of 30.83, and below the 200-day MA of 31.88, indicating a neutral trend. The MACD of -0.26 indicates Negative momentum. The RSI at 53.94 is Neutral, neither overbought nor oversold. The STOCH value of 82.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CRBG.

Corebridge Financial, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TROW	79 Outperform	$23.26B	11.61	19.28%	4.74%	4.26%	0.42%
STT	75 Outperform	$34.53B	13.08	11.14%	2.52%	5.62%	49.49%
BEN	70 Outperform	$12.19B	25.67	3.84%	5.47%	2.31%	5.71%
CRBG	68 Neutral	$15.81B	17.42	7.30%	3.13%	25.32%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
AMP	64 Neutral	$44.32B	13.08	59.59%	1.32%	5.76%	39.77%
CG	59 Neutral	$20.58B	31.78	11.85%	2.45%	-24.62%	437.16%

Corebridge Financial, Inc. Corporate Events

Christina Banthin Resigns from Corebridge Board

On November 14, 2025, Christina Banthin resigned from the Board of Directors of Corebridge Financial, Inc., effective November 17, 2025. Her resignation was not due to any disagreements with the company. This followed American International Group, Inc.’s sale of 32,600,000 shares of Corebridge’s common stock on November 4, 2025, which reduced AIG’s right to designate Board members from three to two. Consequently, the Board reduced its authorized number of members from fourteen to thirteen.

Corebridge Financial Completes Preferred Stock Offering

On November 18, 2025, Corebridge Financial, Inc. completed a public offering of 500,000 shares of its 6.875% Fixed Rate Reset Non-Cumulative Preferred Stock, Series A. This move involved filing a Certificate of Designations with the Secretary of State of Delaware to establish the stock’s preferences and limitations. The offering was conducted under an underwriting agreement with major financial institutions and included specific restrictions on dividend declarations and stock acquisitions, potentially impacting the company’s financial operations and shareholder relations.

Corebridge Financial Enters Underwriting Agreement for Stock Sale

On November 4, 2025, Corebridge Financial, Inc. entered into an underwriting agreement with American International Group, Inc. and J.P. Morgan Securities LLC. This agreement involves the sale of 32,600,000 shares of Corebridge’s common stock by the selling stockholder to the underwriter at a price of $31.03 per share. Additionally, Corebridge Financial agreed to purchase 16,113,438 shares of its common stock from the underwriter at the same price, subject to the completion of the offering.

Corebridge Financial Announces CFO Resignation

On October 31, 2025, Corebridge Financial, Inc. announced the resignation of its Chief Financial Officer, Elias Habayeb, effective April 24, 2026. Habayeb’s departure is amicable and not due to disagreements with the company. He will continue his duties until his departure, ensuring the completion of 2025 financial statements and the 2026 budget. Corebridge has initiated a search for a successor to maintain its strategic growth trajectory.

Corebridge Financial Expands Board with New Appointment

On October 23, 2025, Corebridge Financial, Inc. announced the election of Tomohiro Yao to its Board of Directors, expanding the board from 13 to 14 members. Mr. Yao, who brings extensive industry expertise and international experience, will also join the Compensation and Management Development Committee, replacing Minoru Kimura. His appointment is part of a Stockholder’s Agreement with Nippon Life Insurance Company, where Mr. Yao currently serves as Executive Officer and Head of Americas/Europe. This strategic move is expected to enhance Corebridge’s leadership and global perspective, potentially benefiting its operations and market positioning.

Corebridge Financial Reclassifies Variable Annuity Business

On August 1, 2025, Corebridge Financial, Inc. completed a significant transaction under a Master Transaction Agreement involving American General Life Insurance Company, The United States Life Insurance Company, and Corporate Solutions Life Reinsurance Company. As a result, Corebridge reclassified its variable annuity business from the Individual Retirement segment to the Corporate and Other segment, and excluded its results from Adjusted Pre-tax Operating Income. This change, effective retrospectively from the third quarter of 2025, aligns with the company’s strategic focus following the closing of the reinsurance agreement with AGL, impacting how the company’s performance is assessed and resources allocated.

Corebridge Financial Approves Retention Awards for Executives

On September 19, 2025, Corebridge Financial, Inc.‘s Compensation and Management Development Committee approved special retention equity awards for Elias Habayeb and Lisa Longino to ensure leadership continuity and retain critical talent. These awards, valued at $2,000,000 and $1,500,000 respectively, are set to vest on September 30, 2027, contingent upon continued employment, with provisions for accelerated vesting under certain conditions.

Corebridge Financial Appoints New CEO Marc Costantini

On September 9, 2025, Corebridge Financial announced the appointment of Marc Costantini as its new President and CEO, effective December 1, 2025. Costantini, who brings extensive experience from Manulife and Munich Re, will succeed Kevin Hogan, who will transition to a special advisor role for six months. This leadership change is part of Corebridge’s strategic evolution as an independent company, aiming to leverage Costantini’s expertise in strategy, product innovation, and value creation to further its growth and market position.