Brief: Corebridge Financial Q2 EPS USD -1.2

Corebridge Financial

04/08/2025 21:15

Overview

Corebridge reports Q2 net loss of $660 mln, compared to prior year profit

Adjusted pre-tax operating income rises 10% yr/yr, driven by higher margins

Company returns $442 mln to shareholders, reflecting 64% payout ratio

Outlook

Corebridge expects remaining transaction portions to close in Q4 2025

Company positioned for organic growth from lower-risk baseline

Corebridge focuses on profitable growth and strong payout ratio

Result Drivers

PREMIUMS AND DEPOSITS - 7% decrease in premiums and deposits from prior year, attributed to strong prior period and transactional activity

UNDERWRITING MARGIN - Improved underwriting margin driven by pricing discipline

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
-$1.2
Q2 Net Income
-$660 mln
Q2 Dividend
$0.24


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the life & health insurance peer group is "buy"

Wall Street's median 12-month price target for Corebridge Financial Inc is $40.00, about 13.8% above its August 1 closing price of $34.48

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nBw5WwW1Ja

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)