Corebridge Financial Stock News

December saw six new preferred stock and exchange traded debt offerings with yields ranging from 6% to 9%, highlighting diverse investment opportunities. CDx3 preferreds ranked 10 out of 10 offer an average current yield of 6.57% and are selling at a slight discount to par. Investors can purchase newly introduced preferred stock shares at wholesale prices on the OTC, potentially avoiding capita...

Corebridge Financial, Inc.'s new junior subordinated notes, CRBD, offer a 6.375% annual interest, trading above par with a YTC of 6.03% and YTM of 6.38%. Despite Corebridge's recent financial losses, Fitch rated CRBD BBB- and affirmed the company's A- long-term issuer default rating with a stable outlook. CRBD is undervalued compared to Corebridge's OTC debt issues and average US BBB-rated corp...

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced updates to its Board of Directors. Peter Zaffino, Chairman & Chief Executive Officer of American International Group, Inc. (AIG), will step down as Chairman of the Board of Corebridge Financial after serving in this role since November 2021. Alan Colberg has been elected to succeed Mr. Zaffino as Chair of the Boar...

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that the previously announced secondary offering by American International Group, Inc. (NYSE: AIG) of common stock of Corebridge Financial has priced at $31.20 per share. The offering is expected to close on November 12, 2024, subject to customary closing conditions. AIG, as the selling stockholder, has offered 30...

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced the launch of a secondary offering of its common stock by American International Group, Inc. (NYSE: AIG). AIG, as the selling stockholder, is offering 30 million existing shares of common stock (out of approximately 568 million total shares of common stock outstanding) of Corebridge Financial and has granted a 30-...

Corebridge Financial shares surged 9% on strong Q3 earnings and higher rates post the election, with a 60% gain over the past year, aided by strong buybacks. The company reported a 32% EPS increase, with $810 million in operating earnings and aggressive capital returns, reducing share count by 8.4%. Corebridge's growth in annuity sales and AUM, particularly in fixed annuities, enhances earnings...

Corebridge Financial, Inc. (NYSE:CRBG ) Q3 2024 Results Conference Call November 5, 2024 11:00 AM ET Company Participants Isil Muderrisoglu - Head of Investor and Rating Agency Relations Kevin Hogan - President and Chief Executive Officer Elias Habayeb - Chief Financial Officer Conference Call Participants Alex Scott - Barclays Wes Carmichael - Autonomous Research Suneet Kamath - Jefferies Ryan...

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. ("Corebridge" or the "Company") (NYSE: CRBG) today reported financial results for the third quarter ended September 30, 2024. Kevin Hogan, President and Chief Executive Officer of Corebridge, said, "We had a very strong quarter as Corebridge grew operating earnings per share by 31% year over year to $1.38. At the same time, we returned $848 m...