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CRBG — Corebridge Financial News Story

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Corebridge Financial Inc reports results for the quarter ended June 30 - Earnings Summary

Corebridge Financial Inc CRBG.N reported quarterly adjusted earnings of $1.36​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.13.  The mean expectation of fourteen analysts for the quarter was for earnings of $1.15 per share. Wall Street expected results to range from $1.09  to $1.22 per share.

Revenue rose 5.8% to $4.42 billion from a year ago; analysts expected $4.89 billion.

Corebridge Financial Inc's reported EPS for the quarter was a loss of $1.20​.

The company reported a quarterly loss of $660 million.

Corebridge Financial Inc shares had fallen by 2.0% this quarter and gained 16.2% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 6% in the last three months.​

In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

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 also "buy"

Wall Street's median 12-month price target for Corebridge Financial Inc is $40.00, about 13% above its last closing price of $34.79

This summary was machine generated from LSEG data August 5 at 04:07 p.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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20251.151.36Beat
Mar. 31 20251.141.16Beat
Dec. 31 20241.201.23Beat
Sep. 30 20241.171.38Beat

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