Corebridge Financial, Inc. (CRBG) AI Stock Analysis

• Market Cap: $18.84B
• Dividend Yield: 2.69%
• Average Volume (3M): 3.98M
• Price to Earnings (P/E): 27.5
• Beta (1Y): 1.11
• Revenue Growth: -18.21%
• EPS Growth: -116.73%
• Country: US
• Employees: 5,200
• Sector: Financial
• Sector Strength: 72
• Industry: Asset Management
• EPS (TTM): 1.36
• Shares Outstanding: 538,480,350
• 10 Day Avg. Volume: 3,348,626
• 30 Day Avg. Volume: 3,976,636
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.69
• Enterprise Value/Revenue: 2.39
• Enterprise Value/Gross Profit: 6.14
• Enterprise Value/Ebitda: 45.10
• 1Y Price Target: $40.92
• Price Target Upside: 17.01% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14

• Rating: 55 Neutral
• Price Target: $35.00 ▲(0.09% Upside)

Corebridge Financial, Inc. faces significant financial challenges with declining revenue and profitability, impacting its financial performance score. The technical analysis indicates neutral momentum, while the valuation metrics suggest the stock is not attractively priced. However, the positive outlook from the earnings call, driven by strategic actions like the reinsurance transaction and strong sales growth, provides some optimism for future performance.

Positive Factors

Earnings

Individual Retirement reported pre-tax earnings of $623 million, above MSe and consensus, driven by strong VII.

Share Buybacks

The transaction puts Corebridge Financial, Inc. in a position to buy back a good amount of its shares.

Negative Factors

Cash Flow

The deal is negative to free cash flow in the short term.

Financial Performance

Corporate reported pre-tax earnings of $(169) million, a greater loss than MSe and consensus driven by higher interest expense on higher refinance rate.

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 segment provides fixed annuities, fixed index annuities, variable annuities and retail mutual funds. The Group Retirement segment offers record-keeping services, plan administration and compliance services, and financial planning and advisory solutions to employer-defined contribution plans and their participants, as well as proprietary and non-proprietary annuities, advisory services, and brokerage products. The Life Insurance segment offers term life and universal life insurance in the United States, as well as issues individual life, whole life, and group life insurance in the United Kingdom; and distributes medical insurance in Ireland. The Institutional Markets segment provides stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank owned life insurance, high net worth products, and guaranteed investment contracts. The company was formerly known as SAFG Retirement Services, Inc. Corebridge Financial, Inc. was incorporated in 1998 and is headquartered in Houston, Texas. Corebridge Financial, Inc. operates as a subsidiary of American International Group, Inc.

How the Company Makes Money

Corebridge Financial, Inc. generates revenue primarily through premiums collected from life insurance policies and annuity products. These insurance products provide the company with a steady stream of income as policyholders pay regular premiums for coverage. Additionally, Corebridge earns income from its investment management services by charging fees based on assets under management. The company invests the premiums collected in a diversified portfolio of financial instruments to generate returns, which contribute to its overall earnings. Strategic partnerships with financial advisors and institutions also play a crucial role in expanding its distribution network and enhancing revenue generation.

Corebridge Financial, Inc. Financial Statement Overview

Summary

Corebridge Financial's financial performance is mixed. While there are improvements in operational efficiency with better EBIT and EBITDA margins, the company faces challenges with negative revenue growth and declining free cash flow growth. The balance sheet is stable but shows potential vulnerabilities due to low equity levels.

Income Statement

Corebridge Financial demonstrates a mixed income statement performance. The TTM (Trailing-Twelve-Months) revenue growth is negative, following a previous year's decline. The gross profit margin is negative, indicating cost challenges. However, the net profit margin is positive, and the company has improved its EBIT and EBITDA margins compared to the previous year, suggesting some operational efficiency improvements.

Balance Sheet

The balance sheet shows Corebridge Financial has a reasonable debt-to-equity ratio, indicating moderate leverage. The equity ratio is low, highlighting potential risks in financial stability. The ROE is positive and growing, reflecting good profitability relative to shareholder equity. Overall, the balance sheet reflects a stable but cautious picture of the company's financial health.

Cash Flow

Cash flow analysis reveals that Corebridge Financial's free cash flow is positive, but the growth rate is negative. The operating cash flow to net income ratio is healthy, suggesting good cash generation relative to net income. However, the decline in free cash flow growth could be a concern for future liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.30B	2.68B	18.62B	26.68B	22.93B	15.06B
Gross Profit	5.17B	2.12B	18.32B	1.34B	9.73B	3.47B
EBITDA	704.00M	3.55B	1.47B	11.06B	11.08B	1.34B
Net Income	-337.00M	2.23B	1.10B	8.16B	8.24B	642.00M
Balance Sheet
Total Assets	399.16B	389.40B	379.27B	360.32B	416.21B	410.15B
Cash, Cash Equivalents and Short-Term Investments	4.10B	63.92B	171.47B	161.75B	204.58B	207.83B
Total Debt	9.46B	12.39B	11.87B	15.33B	15.68B	11.25B
Total Liabilities	385.99B	377.07B	366.63B	350.00B	387.28B	370.32B
Stockholders Equity	12.30B	11.46B	11.77B	9.38B	27.09B	37.23B
Cash Flow
Free Cash Flow	1.68B	2.15B	3.36B	2.69B	1.18B	3.01B
Operating Cash Flow	1.68B	2.15B	3.36B	2.69B	2.46B	3.33B
Investing Cash Flow	-14.12B	-11.54B	-5.48B	-7.25B	-1.97B	-7.91B
Financing Cash Flow	12.08B	9.58B	2.11B	4.67B	-809.00M	4.67B

Corebridge Financial, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 34.97
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 Positive. The current price of 34.97 is above the 20-day moving average (MA) of 34.29, above the 50-day MA of 34.51, and above the 200-day MA of 31.86, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 55.97 is Neutral, neither overbought nor oversold. The STOCH value of 82.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CRBG.

Corebridge Financial, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARES	76 Outperform	$58.46B	101.91	13.92%	2.28%	45.89%	-9.53%
CG	76 Outperform	$23.46B	18.58	23.07%	2.16%	101.10%	―
KKR	71 Outperform	$124.80B	66.52	8.22%	0.51%	-24.62%	-48.96%
BX	70 Outperform	$210.55B	45.75	37.72%	2.48%	23.08%	41.35%
Sector *	68 Neutral	$17.84B	12.03	10.32%	3.73%	9.70%	0.76%
AMP	66 Neutral	$48.73B	15.91	58.24%	1.19%	7.11%	9.89%
CRBG	55 Neutral	$18.84B	27.46	-2.89%	2.69%	-18.21%	-116.73%

Corebridge Financial, Inc. Corporate Events

Corebridge Financial Enters Underwriting Agreement for Stock Sale

On August 6, 2025, Corebridge Financial, Inc. entered into an underwriting agreement with American International Group, Inc. and Morgan Stanley & Co. LLC for the sale of 30,000,000 shares of its common stock at $33.5113 per share. This agreement allows the selling stockholder to grant the underwriters a 30-day option to purchase an additional 4,500,000 shares to cover over-allotments, potentially impacting the company’s stock liquidity and market presence.

Corebridge Financial Approves Key Governance Amendments

On July 9, 2025, Corebridge Financial, Inc. held a special meeting of stockholders where two key amendments to the company’s certificate of incorporation were approved. These amendments authorize the Board of Directors to make changes to the by-laws and establish provisions for stockholder action by written consent, requiring a minimum of 25% voting power to initiate such actions. The amendments aim to enhance governance flexibility and were made effective immediately upon filing with the Secretary of State of Delaware.

Corebridge Financial Announces Major Reinsurance Transaction

On June 25, 2025, Corebridge Financial, Inc. announced a significant transaction with Venerable Holdings, Inc., where it will reinsure its entire Individual Retirement variable annuity portfolio, valued at $51 billion, through agreements with Corporate Solutions Life Reinsurance Company. This $2.8 billion transaction is expected to generate $2.1 billion in net distributable proceeds for Corebridge, which plans to use the majority for share repurchases. The transaction marks Corebridge’s exit from Individual Retirement variable annuities, aiming to reduce risk and accelerate its capital management strategy. The deal is anticipated to close in the third and fourth quarters of 2025, subject to regulatory approvals and customary conditions.

Corebridge Financial Elects Directors at Annual Meeting

Corebridge Financial, Inc. held its 2025 Annual Meeting of Stockholders on June 3, 2025, via live webcast. During the meeting, thirteen directors were elected for a one-year term, the 2024 compensation of the Company’s named executive officers was approved on an advisory basis, and the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025 was ratified.