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Corebridge Financial, Inc. (CRBG)
NYSE:CRBG
RESEARCH TOOLSreports
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.24Last Year’s EPS
1.1Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 2.23%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
Corebridge Financial demonstrated strong financial performance with growth in earnings, successful cost reduction, and increased shareholder returns. Despite challenges like a decline in base spread income and anticipated increase in surrender rates, the company remains optimistic about its future growth, supported by strategic initiatives and expansion into new product categories.Company Guidance
During the Corebridge Financial fourth quarter 2024 earnings call, the company provided robust guidance, emphasizing several key financial metrics. Corebridge achieved a run-rate return on equity (ROE) within the 12% to 14% range, exceeding its payout ratio target with a cumulative payout ratio of 73%, and maintaining a Life RBC ratio above 400%. The company reported a 35% improvement in quarterly run-rate operating earnings per share, largely driven by earnings growth and capital management. Additionally, Corebridge returned $2.3 billion to shareholders in 2024, and operating earnings per share increased by 18% year-over-year to $4.83. The company also noted a 4% growth in core sources of income and a significant reduction in run-rate expenses by $400 million. Looking ahead, Corebridge expects annual run-rate EPS to increase by 10% to 15% over the long term, with a forecasted 5% to 10% increase in dividends from insurance subsidiaries in 2025.Strong Top-Line and Bottom-Line Growth
Corebridge Financial consistently generated strong top-line results and bottom-line growth since its IPO, delivering robust sales volumes in 2024 with premiums and deposits of $41.7 billion, a 5% increase over 2023.
Achieved and Exceeded Financial Goals
Corebridge met or exceeded its financial goals, achieving an adjusted ROE of 12.8% for 2024, growing run-rate ROE over 300 basis points, and delivering a cumulative payout ratio of 73%, returning $4.9 billion to shareholders.
Successful Cost Reduction Initiatives
Corebridge achieved $350 million of its $400 million run-rate expense reduction target ahead of schedule, reducing expenses by 13% on a comparable basis.
Strong Fourth Quarter Performance
Fourth-quarter adjusted pretax operating income was $878 million, with operating earnings per share of $1.23, an 18% increase year-over-year.
Expansion into New Product Categories
Corebridge launched its MarketLock registered index-linked annuity (RILA), expanding offerings into every major product category.
Increased Shareholder Returns
Corebridge's Board of Directors increased the share repurchase authorization by $2 billion and increased the quarterly dividend to $0.24 per share.
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CRBG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRBG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $32.76 | $32.02 | -2.26% |
| Nov 04, 2024 | $31.31 | $29.77 | -4.92% |
| Jul 31, 2024 | $29.08 | $27.27 | -6.22% |
| May 03, 2024 | $27.46 | $28.00 | +1.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Corebridge Financial, Inc. (CRBG) report earnings?
Corebridge Financial, Inc. (CRBG) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Corebridge Financial, Inc. (CRBG) earnings time?
Corebridge Financial, Inc. (CRBG) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRBG EPS forecast?
CRBG EPS forecast for the fiscal quarter 2025 (Q1) is 1.24.
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