Corebridge Financial, Inc. ( (CRBG) ) has released its Q4 earnings. Here is a breakdown of the information Corebridge Financial, Inc. presented to its investors.
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Corebridge Financial, Inc. is a major provider of retirement solutions and insurance products in the United States, boasting assets under management and administration exceeding $400 billion as of the end of 2024. The company collaborates with financial professionals and institutions to support individuals in securing their financial futures.
Corebridge Financial recently announced its financial results for the fourth quarter and full year of 2024, highlighting significant growth in both earnings and shareholder returns. The company reported a net income of $2.2 billion for the year, with adjusted after-tax operating income reaching $2.9 billion, demonstrating a robust operational performance.
Key performance indicators for Corebridge include a 4% increase in aggregate core sources of income over the previous year and a 5% rise in premiums and deposits, totaling $41.7 billion. The company also enhanced its shareholder value by returning $2.3 billion, including $1.8 billion in share repurchases. The Board of Directors has shown confidence in the company’s value proposition by increasing the share repurchase authorization by $2 billion and raising the quarterly dividend.
Looking ahead, Corebridge Financial remains optimistic about continuing its growth trajectory. The company plans to leverage its diversified business model, strong balance sheet, and disciplined execution to capitalize on favorable market dynamics, aiming to further enhance shareholder value and maintain its competitive edge in the financial sector.
