Corebridge Financial's Q4 net income falls

Corebridge Financial

09/02/2026 21:23

Overview

U.S. retirement solutions provider's Q4 net income was $814 mln, down from prior year

Adjusted after-tax operating income for Q4 was $626 mln

Company returned $1.2 bln to shareholders, including $1.1 bln in share repurchases

Outlook

Corebridge Financial did not provide specific guidance for future quarters or years

Result Drivers

NET INCOME DECLINE - Q4 net income decreased due to lower net realized gains and losses on Fortitude Re funds withheld embedded derivative

PREMIUMS AND DEPOSITS - Q4 premiums and deposits increased 7% due to transactional activities, but decreased 2% excluding these activities

ADJUSTED PRE-TAX OPERATING INCOME - APTOI remained flat, with a decrease in core sources of income due to less favorable mortality

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$1.59
Q4 Net Income
$814 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 5 "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 $38.00, about 22% above its February 6 closing price of $31.16

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

Press Release: ID:nBw9SXfKda

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(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.)