Reinsurance News
Corebridge Financial
Corebridge and Equitable to merge in all-stock deal valuing combined company at $22bn
26th March 2026
Corebridge Financial, Inc., an American multinational financial services company, and Equitable Holdings, Inc., a financial services holding company, have entered into a definitive agreement to combine in an all-stock merger, valuing the combined company at approximately $22 billion, based on the closing stock prices of each company as of March ... Read the full article
Corebridge posts adjusted operating income of $2.4bn in 2025 despite Fortitude Re accounting impact
10th February 2026
Despite a 2025 net loss of $366 million, largely driven by higher losses from the Fortitude Re funds withheld embedded derivative and changes in the fair value of market risk benefits, Corebridge Financial emphasised strong underlying performance and improving earnings momentum in the final quarter of 2025. The life and retirement ... Read the full article
Corebridge closes Individual Retirement variable annuity deal with Venerable
5th January 2026
Corebridge Financial, Inc., an American multinational financial services company, has successfully closed the final portions of the variable annuity reinsurance deal with Corporate Solutions Life Reinsurance Company, an insurance subsidiary of Venerable Holdings, Inc. The transaction included the reinsurance of all Individual Retirement variable annuities issued by The United States Life ... Read the full article
Corebridge Financial reports $144m net income in Q3’25
4th November 2025
Corebridge Financial, an American multinational financial services company, has announced its financial results for the third quarter of 2025, reporting net income of $144 million, which compares to a loss of $1.2 billion in the same period last year. The company attributed this result to a number of factors, including lower ... Read the full article
Corebridge Financial appoints Tomohiro Yao to Board of Directors
28th October 2025
Corebridge Financial, Inc. (NYSE: CRBG), a provider of insurance and retirement solutions, has announced that its Board of Directors has elected Tomohiro Yao as a director, effective immediately. With Yao’s appointment, the Board expands from 13 to 14 members. The election of Yao is made in accordance with the Stockholder’s Agreement ... Read the full article
Corebridge reports 10% APTOI increase in Q2’25 despite net loss
6th August 2025
Corebridge Financial, an American multinational financial services company, has announced its financial results for the second quarter of 2025, reporting an adjusted pre-tax operating income (APTOI) of $942 million despite a net loss of $660 million. Q1 2025’s net loss compares to a gain of $365 million reported in the same ... Read the full article
Corebridge closes largest portion of variable annuity reinsurance deal with Venerable
4th August 2025
Corebridge Financial, Inc. has announced the successful closure of the largest portion of its previously announced reinsurance agreement with Corporate Solutions Life Reinsurance Company, an insurance subsidiary of Venerable Holdings, Inc. The transaction, which reinsures all Individual Retirement variable annuities issued by American General Life Insurance Company (AGL), marks a significant ... Read the full article
Corebridge & Venerable enter $2.8bn variable annuity transaction
26th June 2025
Corebridge Financial has entered into an agreement with CS Life Re, a subsidiary of Venerable Holdings, to reinsure all the variable annuities of its Individual Retirement business. Explained, Venerable is set to reinsure approximately $51 billion of variable annuity business from Corebridge's insurance subsidiaries American General Life Insurance Company (AGL) and ... Read the full article
Corebridge Financial reports strong operating income despite net loss in Q1’25
6th May 2025
Corebridge Financial, an American multinational financial services company, has announced its financial results for the first quarter of 2025, reporting $649 million in adjusted after-tax operating income despite a net loss of $664 million. Q1 2025’s net loss compares to a gain of $878 million reported in the same period last ... Read the full article
Corebridge Financial reports hike in net income for Q4 & FY’24 at $2.2bn
13th February 2025
Corebridge Financial, the American multinational financial services company, has reported 2024 fourth-quarter net income of $2.2 billion compared to a loss of $1.3 billion in the prior year's quarter, as the firm’s full-year 2024 net income rose to $2.2 billion from $1.1 billion in 2023. Corebridge explained that the variance was ... Read the full article
Corebridge Financial appoints Keith Gubbay and Colin J. Parris to its Board
20th January 2025
Corebridge Financial, an American multinational financial services company, has expanded its Board of Directors with the addition of Keith Gubbay and Colin J. Parris, taking the current number of members to 13. These additions follow the announcement of Alan Colberg being elected as Chairman of the Board of Corebridge Financial, ... Read the full article
Corebridge Financial announces Board changes including new Chairman
10th December 2024
Corebridge Financial, an American multinational financial services company, has announced changes to its Board of Directors. Alan Colberg has been elected as Chairman of the Board of Corebridge Financial, succeeding Peter Zaffino, Chairman and CEO of AIG, who will step down after serving in the role since November 2021. Colberg has been ... Read the full article
AIG closes sale of Corebridge stake to Nippon Life
10th December 2024
Global insurer American International Group, Inc. (AIG) has closed its previously announced sale of approximately 120 million shares of its Corebridge common stock to Nippon Life Insurance Company. The selling price of the stock, as previously reported, was decided at $31.47 per share, for an aggregate purchase price of $3.8 ... Read the full article
Corebridge Financial posts $1.2bn net loss in Q3’24
5th November 2024
Corebridge Financial, the American multinational financial services company, has released its financial results for the third quarter of 2024, which includes a $1.2 billion net loss, compared to a gain of $2.1 billion in the prior year quarter. According to the firm, the change was mainly due to a result of ... Read the full article
Edward Bousa appointed to Corebridge Financial Board of Directors
27th August 2024
Corebridge Financial, Inc., a provider of retirement, life, and asset management solutions, announced the immediate appointment of Edward Bousa as an independent director to its Board of Directors. Bousa is a distinguished portfolio manager with more than 40 years of experience in the mutual fund industry. Renowned for his thorough evaluations and ... Read the full article
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