Corebridge gains after announcing $22 billion all‑stock merger with Equitable

American International

26/03/2026 11:03

** Shares of insurer Corebridge CRBG.N up 2.36% premarket

** Co announces merger with peer Equitable EQH.N, creating a $22 billion U.S. retirement, life insurance and asset management company

** Combined company to have more than $1.5 trillion in assets under management

** Each outstanding share of CRBG will be exchanged for 1 share of the new company, while each EQH share will be exchanged for 1.55516 shares of the new firm

** Corebridge was formed by an AIG AIG.N spin-off via IPO in 2022

** Morgan Stanley advised Corebridge, while Goldman Sachs advised Equitable

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com;))