Corebridge Financial Inc reports results for the quarter ended December 31 - Earnings Summary

Corebridge Financial

14/02/2025 05:21

* Corebridge Financial Inc  CRBG.N  reported quarterly
adjusted
earnings of $1.23​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of $1.04.  The mean expectation of sixteen analysts
for the quarter was for earnings of $1.20 per share. Wall Street
expected results to range from $1.15  to $1.30 per share.
    * Revenue fell 15.3% to $5.02 billion from a year ago;
analysts
expected $5.78 billion. 
    * Corebridge Financial Inc's reported EPS for the quarter
was
$3.80​.
    * The company reported quarterly net income of $2.17
billion.
    * Corebridge Financial Inc shares had risen by 7.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the life & health
insurance peer group is also "buy"

Wall Street's median 12-month price target for Corebridge
Financial Inc is $39.00 
This summary was machine generated from LSEG data February 14 at
05:21 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.20           1.23           Beat
 Sep. 30 2024      1.17           1.38           Beat
 Jun. 30 2024      1.09           1.13           Beat
 Mar. 31 2024      1.06           1.10           Beat