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US life insurance and retirement services company spun off from AIG, offering annuities and group benefits.
US life insurance and retirement services company spun off from AIG, offering annuities and group benefits.
Collects premiums and deposits on annuities and retirement products and invests them, earning the gap between what the portfolio yields and what it credits to customers, plus fees on retirement-plan assets. AIG listed it in 2022 and has sold down since.
Moat: narrow (scale, distribution, brand). Large existing annuity/retirement book from AIG gives scale, though the products themselves are largely commoditized.
Headquarters: Houston, Texas, US · Founded: 2022 · Employees: 4,800
Size Corebridge Financial (CRBG) is a United States Financials company (Life/Health Insurance) with a market value of $14.9B, the 601st largest of 3,117 United States companies the cockpit tracks. Shares closed at $34.09 on 6 Nov 2026.
Performance Over six months the shares gained 24.8%, against +14.2% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 10.0% over the last twelve months (peer median +14.7%); the operating margin is 19.9% (peer median 9.0%).
Valuation It trades at 2.41× book value against a peer median of 2.34× (10th most expensive of 20).
Price implies The share price implies a return on equity of about 19.3%; Corebridge Financial delivers 21.7%, so the price asks less than the business earns today.
Credit Corebridge Financial has 15 bonds outstanding ($12.2B), rated BBB+ by the agencies and trading like BBB at a weighted spread of 108 bp.
Short interest Short interest is 3.4% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $20.0B | $17.7B | $18.7B | $18.6B | $25.4B |
| Revenue growth | — | -5% | +1% | -27% | — |
| Net income | $2.20B | -$366M | $2.23B | $1.10B | $8.16B |
| Free cash flow | $2.43B | $2.02B | $2.15B | $3.36B | $2.62B |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $11.6B | $11.0B | $12.5B | $11.9B | $15.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Corebridge Financial CRBG | $14.9B | +25% | +10% | 22% | 2.41× | 19.3% |
| Prudential Financial PRU | $41.1B | +20% | +4% | 13% | 1.39× | 11.4% |
| Jackson Financial Incorporation JXN | $8.70B | +17% | +34% | 9% | 1.10× | 12.5% |
| Voya Financial VOYA | $8.91B | +21% | -3% | 14% | 2.34× | 17.2% |
| Equitable EQH | $14.1B | +24% | +6% | -183% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CRBG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.0% | +2.9% | 8th lowest of 21 |
| 6-month return | +24.8% | +14.2% | 3rd highest of 21 |
| Return on equity | 21.7% | 12.9% | 4th highest of 21 |
| Price / book | 2.41× | 2.34× | 10th most expensive of 20 |
| Trailing P/E | 7.2× | 12.9× | cheapest of 20 |
| ROE the price implies | 19.3% | 13.9% | 8th most demanding of 19 |
| ROE delivered | 21.7% | 13.3% | 4th highest of 20 |
| Bond spread | 108 bp | 100 bp | 3rd widest of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Corebridge Financial CRBG | United States | $14.9B | +25% | +10% | 22% | 2.41× | 19.3% | 21.7% |
| Equitable EQH | United States | $14.1B | +24% | +6% | -183% | n/a | n/a | n/a |
| T&d 8795.T | Japan | $14.0B | +21% | +6% | 9% | 1.32× | 5.6% | 9.3% |
| Reinsurance Group of America RGA | United States | $17.1B | +24% | +20% | 12% | 1.25× | 8.0% | 11.7% |
| HDFC Life Insurance HDFCLIFE.NS | India | $13.0B | -10% | +19% | 11% | 6.31× | 72.0% | 11.2% |
| Kgi Financial 2883.TW | Taiwan | $17.3B | +60% | +32% | 14% | 1.33× | 7.1% | 14.4% |
| Standard Life SDLF.L | United Kingdom | $12.5B | +25% | +135% | -179% | 38.09× | n/a | -179.3% |
| SBI Life Insurance SBILIFE.NS | India | $18.9B | -5% | +18% | 14% | 8.72× | 105.4% | 13.7% |
| JAPAN POST INSURANCE 7181.T | Japan | $11.2B | +8% | -6% | 4% | 0.38× | 2.9% | 4.2% |
| NN Group N.V. NN.AS | Netherlands | $22.4B | +4% | +39% | 9% | 1.08× | 6.9% | 9.2% |
| Medibank Private MPL.AX | Australia | $9.94B | +14% | +9% | 27% | 5.90× | 23.8% | 26.8% |
| Primerica PRI | United States | $8.94B | +6% | +8% | 33% | 3.56× | 24.9% | 32.9% |
| Voya Financial VOYA | United States | $8.91B | +21% | -3% | 14% | 2.34× | 17.2% | 14.3% |
| Jackson Financial Incorporation JXN | United States | $8.70B | +17% | +34% | 9% | 1.10× | 12.5% | 9.5% |
| St. James's Place STJ.L | United Kingdom | $7.48B | -3% | +164% | 38% | 3.64× | 43.3% | 38.4% |
| Samsung Life 032830.KS | South Korea | $31.0B | -6% | +13% | 3% | 0.29× | 4.5% | 3.2% |
| Bajaj Finserv BAJAJFINSV.NS | India | $31.6B | +2% | +17% | 13% | 3.55× | 54.3% | 13.3% |
| Swiss Life SLHN.SW | Switzerland | $33.0B | +14% | 0% | 20% | 4.25× | 15.4% | 20.0% |
| ICICI Life Insurance ICICILIFE.NS | India | $6.77B | -22% | -8% | 13% | 4.67× | 65.0% | 12.6% |
| Talanx TLX.DE | Germany | $37.6B | +24% | +2% | 20% | 2.33× | 10.2% | 19.8% |
| Daiichi Life 8750.T | Japan | $39.0B | +18% | +17% | 14% | 1.34× | 8.1% | 13.6% |
Corebridge Financial has 15 bonds outstanding with $12.2B face value. The agencies rate it BBB+; its bonds trade like BBB. Weighted yield 5.91%, a spread of 108 bp over government bonds.