Corebridge Financial Inc

Latest Results (11.11.2025):

Corebridge Financial Inc delivered its Q2 2025 financial results with mixed performance. While the company reported a net loss of $660 million (or $1.20 per share), it achieved strong adjusted operating income of $750 million and operating EPS of $1.36 per share. The quarter also featured significant capital returns of $442 million to shareholders and the closing of a major component of its reinsurance transaction, positioning the company for future growth.

Earnings Performance

The quarter’s adjusted after-tax operating income reached $750 million, with operating EPS of $1.36 per share. Additionally, adjusted pre-tax operating income increased by 10% year over year, reflecting improved core earnings despite fluctuations in other income sources.

Net Loss and Shareholder Returns

Corebridge Financial Inc reported a net loss of $660 million for Q2 2025, compared to a gain in the prior year quarter. However, the company remains committed to returning capital to shareholders, having returned $442 million through dividends and share repurchases, achieving a 64% payout ratio.

Strategic Transaction Execution

The company closed the AGL portion of its recently announced Individual Retirement VA transaction, representing approximately 90% of the transaction’s value. This transformative reinsurance transaction is aimed at reducing risk and improving the quality of earnings.

Capital and Liquidity Strength

Corebridge maintained a solid liquidity position with $1.3 billion held at the end of Q2 2025. The company’s Life Fleet RBC ratio remains above target, underscoring its effective risk management and capital discipline.

Business Segment Highlights

Across its different business segments, Corebridge observed varied performance. Notable highlights include increased premiums in the Life Insurance segment driven by improved underwriting margins, strong Individual Retirement sales surpassing last year’s record, and mixed results in the Institutional Markets and Group Retirement sectors, reflecting the broader impact of market interest rate changes.