Tearsheet

Corebridge Financial (CRBG)


Market Price (12/27/2025): $30.585 | Market Cap: $16.5 Bil
Sector: Financials | Industry: Asset Management & Custody Banks

Corebridge Financial (CRBG)


Market Price (12/27/2025): $30.585
Market Cap: $16.5 Bil
Sector: Financials
Industry: Asset Management & Custody Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.2%, Dividend Yield is 3.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.0%, FCF Yield is 9.8%
Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -10%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -324%
Key risks
CRBG key risks include [1] the vulnerability of spread income within its individual retirement segment to market dynamics and volatility.
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24%
 
3 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%
 
4 Low stock price volatility
Vol 12M is 36%
 
5 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Retirement & Longevity Solutions, Show more.
 
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.2%, Dividend Yield is 3.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.0%, FCF Yield is 9.8%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -324%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24%
3 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30%
4 Low stock price volatility
Vol 12M is 36%
5 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Retirement & Longevity Solutions, Show more.
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -10%
7 Key risks
CRBG key risks include [1] the vulnerability of spread income within its individual retirement segment to market dynamics and volatility.

Valuation, Metrics & Events

CRBG Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

1. Corebridge Financial (CRBG) reported a significant miss in its third-quarter 2025 earnings per share (EPS). The company posted an EPS of $0.96, falling short of the Zacks Consensus Estimate of $1.08 per share and analysts' anticipation of $1.10. This represented an earnings surprise of -11.11% and a 12.73% miss, which led to investor concerns and an immediate decline in premarket trading following the announcement around November 3-4, 2025.

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2. A notable decrease in Corebridge Financial's Adjusted Pre-Tax Operating Income (APTOI) for Q3 2025 contributed to negative sentiment. APTOI was reported at $654 million, marking a 29% decrease from the prior year's quarter. This decline was primarily attributed to the annual actuarial assumption update and the absence of favorable one-time notable items present in the previous year.

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Stock Movement Drivers

Fundamental Drivers

The -7.0% change in CRBG stock from 9/26/2025 to 12/26/2025 was primarily driven by a -24.3% change in the company's P/S Multiple.
926202512262025Change
Stock Price ($)32.8930.59-7.00%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)15380.0018510.0020.35%
P/S Multiple1.180.89-24.30%
Shares Outstanding (Mil)550.30539.102.04%
Cumulative Contribution-7.04%

LTM = Last Twelve Months as of date shown

Market Drivers

9/26/2025 to 12/26/2025
ReturnCorrelation
CRBG-7.0% 
Market (SPY)4.3%44.6%
Sector (XLF)3.3%64.1%

Fundamental Drivers

The -13.3% change in CRBG stock from 6/27/2025 to 12/26/2025 was primarily driven by a -41.9% change in the company's P/E Multiple.
627202512262025Change
Stock Price ($)35.3030.59-13.34%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)16100.0018510.0014.97%
Net Income Margin (%)4.27%5.35%25.29%
P/E Multiple28.6316.64-41.87%
Shares Outstanding (Mil)558.00539.103.39%
Cumulative Contribution-13.44%

LTM = Last Twelve Months as of date shown

Market Drivers

6/27/2025 to 12/26/2025
ReturnCorrelation
CRBG-13.3% 
Market (SPY)12.6%45.9%
Sector (XLF)7.4%60.5%

Fundamental Drivers

The 4.2% change in CRBG stock from 12/26/2024 to 12/26/2025 was primarily driven by a 24.5% change in the company's Total Revenues ($ Mil).
1226202412262025Change
Stock Price ($)29.3530.594.24%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)14871.0018510.0024.47%
P/S Multiple1.160.89-23.10%
Shares Outstanding (Mil)587.10539.108.18%
Cumulative Contribution3.54%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2024 to 12/26/2025
ReturnCorrelation
CRBG4.2% 
Market (SPY)15.8%73.9%
Sector (XLF)14.4%79.1%

Fundamental Drivers

The 89.3% change in CRBG stock from 12/27/2022 to 12/26/2025 was primarily driven by a 0.0% change in the company's P/E Multiple.
1227202212262025Change
Stock Price ($)16.1630.5989.30%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)�18510.00�
Net Income Margin (%)�5.35%�
P/E Multiple�16.64�
Shares Outstanding (Mil)645.00539.1016.42%
Cumulative Contribution�

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2023 to 12/26/2025
ReturnCorrelation
CRBG50.0% 
Market (SPY)48.0%63.3%
Sector (XLF)51.8%70.9%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
CRBG Return---1%25%43%6%87%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
CRBG Win Rate--25%67%75%58% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
CRBG Max Drawdown---7%-26%0%-14% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventCRBGS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-36.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven58.0%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven287 days464 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Corebridge Financial's stock fell -36.7% during the 2022 Inflation Shock from a high on 10/28/2022. A -36.7% loss requires a 58.0% gain to breakeven.

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About Corebridge Financial (CRBG)

We are one of the largest providers of retirement solutions and insurance products in the United States, committed to helping individuals plan, save for and achieve secure financial futures. Our addressable markets are large, with powerful, long-term secular trends given an aging U.S. population and a growing need for retirement solutions. We offer a broad set of products and services through our market leading Individual Retirement, Group Retirement, Life Insurance and Institutional Markets businesses, each of which features capabilities and industry experience we believe are difficult to replicate. These four businesses collectively seek to enhance stockholder returns while maintaining our attractive risk profile, which has historically resulted in consistent and strong cash flow generation. Our strong competitive position is supported by: • our scaled platform and position as a leading life and annuity company across a broad range of products, managing or administering $358.0 billion in client assets as of June 30, 2022; • our four businesses, which provide a diversified and attractive mix of fee income, spread income and underwriting margin; • our broad distribution platform, which gives us access to end customers, employers, retirement plan sponsors, banks, broker-dealers, general agencies, independent marketing organizations and independent insurance agents; • our proven expertise in product design, which positions us to optimize risk-adjusted returns as we grow our business; • our strategic partnership with Blackstone, which we believe will allow us to further grow both our retail and institutional product lines, and enhance risk-adjusted returns; • our high-quality liability profile, supported by our strong balance sheet and disciplined approach to risk management, which has limited our exposure to product features and portfolios with less attractive risk-adjusted returns; • our ability to deliver consistent cash flows and an attractive return for our stockholders; and • our strong and experienced senior management team. Operating four established, at-scale businesses positions us to optimize risk-adjusted returns when writing new business across our broad suite of market-leading products. According to LIMRA, we are the only company to rank in the top two in U.S. annuity sales in each of the last nine years, with leading positions across each of the fixed, fixed index and variable annuity categories. Our Group Retirement business is recognized as a pioneer and has long held a leading position in the attractive 403(b) retirement plan market through our AIG Retirement Services brand. We ranked ninth in U.S. term life insurance sales for the twelve months ended June 30, 2022. We believe we have an attractive business mix that balances fee and spread-based income and underwriting margin sources and is diversified across our broad product suite. For the twelve months ended June 30, 2022, our businesses generated spread income of $3.9 billion, fee income of $2.3 billion and underwriting margin of $1.3 billion, resulting in a balanced mix of 52%, 31% and 17%, respectively, among these income sources. We are well-diversified across our operating businesses, with our Individual Retirement, Group Retirement, Life Insurance and Institutional Markets businesses representing 29%, 16%, 24% and 24% of total adjusted revenue, respectively, for the twelve months ended June 30, 2022. Corebridge Financial, Inc., the issuer in this offering, is a Delaware corporation. Our principal executive offices are located at 2919 Allen Parkway, Woodson Tower, Houston, Texas.

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Corebridge Financial is like:

  • Prudential Financial for retirement and life insurance solutions.
  • MetLife, with a strong focus on annuities and employer-sponsored retirement plans.

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  • Individual Annuities: Financial contracts offering guaranteed or variable income streams for retirement, including fixed, variable, and indexed options.
  • Group Retirement Plans: Provides recordkeeping, administrative, and investment services for employer-sponsored retirement plans, primarily for education, healthcare, and government organizations.
  • Life Insurance: Offers various life insurance policies, such as term and universal life, providing financial protection to beneficiaries.
  • Institutional Products: Delivers specialized investment products and services, like guaranteed investment contracts (GICs), for institutional clients.

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Major Customers of Corebridge Financial (CRBG)

Corebridge Financial (CRBG) primarily sells its financial products and services to individuals, often through intermediaries or employer-sponsored programs. Based on its product offerings and revenue segmentation, the majority of its business is geared towards meeting the financial needs of individual consumers.

The company serves the following categories of individual customers:

  • Individuals planning for and in retirement: This category includes individuals who purchase annuities (such as fixed, variable, and fixed index annuities) to save, grow, and manage income for their retirement years. It also encompasses employees participating in employer-sponsored retirement plans (e.g., 401(k), 403(b), 457 plans) where Corebridge is the chosen provider, ultimately serving the individual's retirement savings needs.
  • Individuals seeking life insurance protection: This category consists of individuals who purchase various life insurance policies (e.g., term, universal, variable universal life) to provide financial security and protection for their families and dependents in the event of their death.

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  • American International Group (Symbol: AIG)

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Kevin Hogan, President and Chief Executive Officer

Kevin Hogan has served as President and Chief Executive Officer of Corebridge Financial since December 2014, leading one of the largest insurance and retirement providers in the United States. He began his career at AIG in 1984, holding leadership positions across various global locations, and led the innovation and evolution of AIG's Life & Retirement business, which culminated in the initial public offering of Corebridge Financial in 2022. Prior to rejoining AIG in 2013, he also served for four years as Chief Executive Officer, Global Life for the Zurich Insurance Group, Ltd.

Elias Habayeb, Chief Financial Officer

Elias Habayeb has served as Chief Financial Officer of Corebridge Financial since November 2021, overseeing all finance and actuarial functions. Before his current role, he held various senior financial positions within AIG, including Chief Financial Officer for General Insurance, Deputy Chief Financial Officer, and Chief Accounting Officer. Notably, he served as Chief Financial Officer of International Lease Finance Corporation, a wholly owned subsidiary of AIG, where he led efforts for its eventual sale in 2014. Before joining AIG in 2005, Mr. Habayeb was a partner in Deloitte & Touche's Capital Markets Group. While Corebridge announced his resignation effective April 24, 2026, he remains in his current position until then.

Lisa Longino, Chief Investment Officer

Lisa Longino has been the Chief Investment Officer of Corebridge Financial since February 2023. With over three decades of experience investing for insurance companies, particularly focusing on fixed income portfolios matched to insurance liabilities, she previously served as Head of Global Investment Strategy for Prudential Financial. Her career also includes more than 20 years at MetLife, where she held roles such as Head of Insurance Asset Management, Head of Portfolio Management, and Head of Investment Grade Trading.

Polly Klane, General Counsel

Polly Klane serves as General Counsel for Corebridge Financial, where she is responsible for the company's legal, compliance, regulatory, corporate secretary, and government affairs functions. Prior to joining Corebridge, she was General Counsel and Chief Legal Officer at Citizens Financial Group. Her background also includes senior legal positions at Capital One and Fannie Mae, as well as experience in private practice.

Doug Caldwell, Chief Risk Officer

Doug Caldwell is the Chief Risk Officer for Corebridge Financial, focusing on enhancing the company's enterprise risk management framework to support business strategy. He brings more than 35 years of experience in risk and finance roles within major insurance companies. Before Corebridge, he was Executive Vice President, Investment Risk and Stress Testing and U.S. Chief Risk Officer at MetLife. He has also held Chief Risk Officer roles at Transamerica, NN Group, and ING Insurance. Mr. Caldwell is a Fellow of the Society of Actuaries and a Chartered Enterprise Risk Analyst.

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Key Risks to Corebridge Financial (CRBG):
  1. Market Conditions and Financial Risks: Corebridge Financial's profitability and financial stability are highly susceptible to fluctuations in financial markets and economic conditions. This includes volatility in interest rates, economic downturns, and stock market performance, which can significantly impact the value of its investment portfolio and overall investment income. The company's spread income, particularly within its individual retirement segment, is also vulnerable to these market dynamics, potentially limiting earnings per share growth.
  2. Intense Industry Competition: Corebridge operates within a highly competitive financial services and insurance industry, facing numerous traditional insurers and emerging fintech companies. This intense competition can lead to pricing pressures, impact market share, and necessitate continuous innovation and differentiation of offerings to maintain a competitive edge.
  3. Regulatory Changes: The insurance industry is subject to extensive and complex regulations. Changes in these regulatory requirements, especially those pertaining to insurance and retirement products, could increase compliance costs, necessitate operational adjustments, and potentially impact the company's business model and profitability. Maintaining effective internal controls over financial reporting to meet regulatory mandates, such as those from the Sarbanes-Oxley Act and Dodd-Frank Act, also requires substantial resources.

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The rapid emergence and adoption of advanced AI-powered FinTech platforms offering highly personalized, low-cost, and direct-to-consumer retirement planning and wealth management solutions poses a clear emerging threat to Corebridge Financial. These platforms leverage artificial intelligence to provide tailored financial advice, automated investment management, and simplified access to retirement savings products, potentially disintermediating traditional financial advisors and institutional channels through which Corebridge primarily distributes its annuities and life insurance products. This shift appeals to a growing segment of consumers, particularly younger generations and the mass-affluent, who prefer digital-first solutions with transparent pricing and enhanced personalization, thereby eroding Corebridge's traditional market share and future growth opportunities. Evidence for this trend includes significant investment by major FinTech companies and established financial institutions in AI-driven advisory tools, the continuous growth of robo-advisors with increasingly sophisticated capabilities, and consumers' rising comfort with fully digital financial interactions.

AI Analysis | Feedback

Corebridge Financial (CRBG) operates primarily within the U.S. financial services market, offering a range of products and services across individual retirement, life insurance, retirement services, and institutional markets. The addressable markets for these main offerings in the U.S. are substantial.

Annuities

The U.S. annuity market recorded total sales of $434.1 billion in 2024. Total annuity sales were $105.4 billion in the first quarter of 2025. The market value for annuities in the U.S. is projected to reach approximately $388.42 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 5.98% during the forecast period.

Life Insurance

The U.S. life insurance market was estimated at $1.93 trillion in 2024 and is anticipated to grow to about $4.74 trillion by 2034, with a CAGR of 9.40% from 2025 to 2034. Other estimates place the market size at approximately $1.46 trillion in 2024, expected to reach around $2.42 trillion by 2034, growing at a CAGR of 5.20% from 2025 to 2034. In 2023, the U.S. life insurance market was valued at $765.38 billion and is projected to reach $1,476.31 billion by 2032, with a CAGR of 7.1% from 2024 to 2032.

Retirement Plans

The total U.S. retirement assets amounted to $45.8 trillion as of June 30, 2025. Specifically, individual retirement accounts (IRAs) held $18.0 trillion in assets, and employer-based defined contribution (DC) retirement plans held $13.0 trillion in assets as of the second quarter of 2025. Within employer-based DC plans, 401(k) plans alone accounted for $9.3 trillion. The overall U.S. retirement market assets were $40 trillion as of June 30, 2024.

Institutional Markets

  • Pension Risk Transfer (PRT): The U.S. pension risk transfer market recorded $51.8 billion in premium across 785 transactions in 2024. The market is projected to exceed $50 billion in annual volume, close to the record-setting $51.9 billion in 2022. The U.S. PRT market was valued at $49.81 billion in 2024 and is projected to reach $102.38 billion by 2030, exhibiting a CAGR of 12.76%.
  • Structured Settlements: The U.S. structured settlement primary market reached a record high of $9.8 billion in 2024. Another report indicates that $9.48 billion of settlement proceeds were structured in 2024.
  • Guaranteed Investment Contracts (GICs): GICs are key components of stable value funds within employer-sponsored defined contribution plans like 401(k)s and are primarily issued by insurance companies. While specific current market size figures for GICs alone are not readily available as a standalone market, new sales of funding agreement products, which include GICs, totaled $58.5 billion in 2019.

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Corebridge Financial (CRBG) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics:
  • Growth in Individual Retirement Products: Corebridge Financial is focused on accelerating its share in fixed indexed annuities and fixed annuities, particularly through independent agents, banks, and broker-dealers. The company has seen strong organic growth in its Individual Retirement segment, with RILA (Registered Index-Linked Annuity) product sales reaching nearly $800 million in the third quarter of 2025, totaling $1.7 billion year-to-date.
  • Expansion in Institutional Markets: The Institutional Markets segment has demonstrated significant growth, with strong sales quarters for both Guaranteed Investment Contracts (GICs) and pension risk transfer (PRT) transactions, contributing to an increase in total reserves.
  • Advisory Channel Expansion and Group Retirement Growth: Corebridge aims to expand its fee-based, advisory-friendly annuities for Registered Investment Advisors (RIAs) through platforms such as DPL and Envestnet, targeting double-digit growth in advisory-aligned sales across 2025–2026. Additionally, the company is scaling workplace-plan relationships in sectors like K-12, higher education, healthcare, and public sectors to drive new contributions and capture multi-billion-dollar annual rollovers as participants retire.
  • Product Innovation and Mix Shift in Life Insurance: The company is pivoting its life insurance business toward capital-light protection products, such as term and indexed universal life (UL), simplifying product menus, and expanding accelerated underwriting to shorten sales cycles. Corebridge also invests in technology to enhance product offerings and is developing advanced financial products.
  • Favorable Demographic Tailwinds: Corebridge is well-positioned to capitalize on secular retirement-income demand driven by an aging population, particularly the "Peak 65" generation. This rising demand for guaranteed income solutions is forecast to deliver long-term annuity sales growth.

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Share Repurchases

  • Corebridge Financial's Board of Directors authorized a $2 billion increase to its share repurchase program in June 2025.
  • The company returned $1.4 billion to shareholders through dividends and share repurchases year-to-date as of the third quarter of 2025, including $381 million of share repurchases in Q3 2025.
  • In August 2024, Corebridge agreed to repurchase approximately $200 million of its common stock from American International Group (AIG).
  • Corebridge intends to purchase approximately $500 million of common stock from an underwriter in connection with a secondary offering by AIG in November 2025.

Share Issuance

  • Corebridge Financial completed its Initial Public Offering (IPO) in September 2022, with AIG selling 80 million shares at $21 per share, raising $1.68 billion.
  • All proceeds from the IPO went to the selling stockholder, American International Group (AIG), and not to Corebridge Financial itself.
  • American International Group (AIG) has continued to reduce its stake through secondary offerings, including selling 32.6 million shares in November 2025 for approximately $1.0 billion, with all net proceeds going to AIG.

Outbound Investments

  • In June 2025, Corebridge Financial entered into an agreement with CS Life Re, a subsidiary of Venerable Holdings, Inc., to reinsure its entire Individual Retirement variable annuity business, a transaction valued at $2.8 billion.
  • This reinsurance transaction is expected to generate approximately $2.1 billion of net distributable proceeds after-tax for Corebridge, with the majority primarily intended for accelerating share repurchases.
  • Corebridge has divested its international operations and plans to distribute remaining proceeds from the sale of its UK life business to shareholders.

Capital Expenditures

  • Corebridge Financial reported $0.00 in capital expenditures for the years 2020, 2021, 2022, 2023, and 2024.

Trade Ideas

Select ideas related to CRBG. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
WU_11212025_Dip_Buyer_FCFYield11212025WUWestern UnionDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
13.8%13.8%-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025COINCoinbase GlobalMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-0.3%-0.3%-0.5%
PYPL_11142025_Dip_Buyer_FCFYield11142025PYPLPayPalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-4.4%-4.4%-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper11142025VVisaMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
7.6%7.6%-2.7%
WD_11072025_Dip_Buyer_ValueBuy11072025WDWalker & DunlopDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-11.2%-11.2%-12.1%

Recent Active Movers

More From Trefis

Peer Comparisons for Corebridge Financial

Peers to compare with:

Financials

CRBGHPQHPEIBMCSCOAAPLMedian
NameCorebrid.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price30.5923.2624.49305.0978.16273.4054.38
Mkt Cap16.521.932.6284.9309.24,074.4158.8
Rev LTM18,51055,29534,29665,40257,696408,62556,496
Op Inc LTM-3,6241,64411,54412,991130,21411,544
FCF LTM1,6192,80062711,85412,73396,1847,327
FCF 3Y Avg2,0402,9781,40011,75313,879100,5037,366
CFO LTM1,6193,6972,91913,48313,744108,5658,590
CFO 3Y Avg2,0403,6723,89613,49814,736111,5598,697

Growth & Margins

CRBGHPQHPEIBMCSCOAAPLMedian
NameCorebrid.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM24.5%3.2%13.8%4.5%8.9%6.0%7.4%
Rev Chg 3Y Avg-10.3%-3.9%6.5%2.6%3.7%1.8%2.2%
Rev Chg Q155.8%4.2%14.4%9.1%7.5%9.6%9.4%
QoQ Delta Rev Chg LTM20.4%1.1%3.7%2.1%1.8%2.1%2.1%
Op Mgn LTM-6.6%4.8%17.7%22.5%31.9%17.7%
Op Mgn 3Y Avg-7.4%7.2%16.4%24.2%30.8%16.4%
QoQ Delta Op Mgn LTM--0.2%-1.4%0.6%0.4%0.1%0.1%
CFO/Rev LTM8.7%6.7%8.5%20.6%23.8%26.6%14.7%
CFO/Rev 3Y Avg11.1%6.8%12.7%21.4%26.1%28.4%17.1%
FCF/Rev LTM8.7%5.1%1.8%18.1%22.1%23.5%13.4%
FCF/Rev 3Y Avg11.1%5.5%4.6%18.6%24.6%25.6%14.9%

Valuation

CRBGHPQHPEIBMCSCOAAPLMedian
NameCorebrid.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap16.521.932.6284.9309.24,074.4158.8
P/S0.90.41.04.45.410.02.7
P/EBIT8.36.819.925.122.531.321.2
P/E16.68.6572.736.029.941.033.0
P/CFO10.25.911.221.122.537.516.2
Total Yield9.2%14.1%2.3%5.0%5.4%2.8%5.2%
Dividend Yield3.2%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg14.0%10.6%5.5%6.4%6.0%3.1%6.2%
D/E0.70.50.70.20.10.00.4
Net D/E-3.20.30.60.20.00.00.1

Returns

CRBGHPQHPEIBMCSCOAAPLMedian
NameCorebrid.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn2.6%-1.8%14.4%0.6%2.7%-1.5%1.6%
3M Rtn-7.0%-11.9%2.7%7.9%17.0%7.1%4.9%
6M Rtn-13.3%-4.0%34.5%6.6%15.2%36.3%10.9%
12M Rtn4.2%-27.3%14.2%39.2%33.7%6.0%10.1%
3Y Rtn89.3%-3.8%67.7%139.0%79.5%113.4%84.4%
1M Excs Rtn1.8%-5.6%12.9%-2.2%-0.0%-3.7%-1.1%
3M Excs Rtn-11.3%-16.2%-1.7%3.6%12.7%2.8%0.6%
6M Excs Rtn-25.6%-16.3%22.3%-5.7%3.0%24.0%-1.3%
12M Excs Rtn-10.1%-42.9%-0.7%25.0%19.9%-8.4%-4.6%
3Y Excs Rtn10.5%-83.5%-11.2%59.6%-1.2%28.4%4.6%

Financials

Segment Financials

Revenue by Segment
$ Mil202420232022
Institutional Markets7,3904,1585,118
Individual Retirement6,2555,3155,918
Life Insurance4,6394,9384,858
Group Retirement2,7312,7393,252
Corporate and Other2228461,364
Eliminations-25-41-49
Adjustments-2,3346,7422,796
Total18,87824,69723,257


Price Behavior

Price Behavior
Market Price$30.59 
Market Cap ($ Bil)16.5 
First Trading Date09/15/2022 
Distance from 52W High-13.6% 
   50 Days200 Days
DMA Price$30.29$31.60
DMA Trendindeterminatedown
Distance from DMA1.0%-3.2%
 3M1YR
Volatility31.2%36.3%
Downside Capture100.11116.56
Upside Capture44.87103.84
Correlation (SPY)44.8%73.9%
CRBG Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta1.241.061.021.221.371.33
Up Beta1.671.381.361.451.371.41
Down Beta1.201.631.311.381.741.73
Up Capture65%40%25%72%101%121%
Bmk +ve Days12253873141426
Stock +ve Days10222964130404
Down Capture140%98%122%136%112%102%
Bmk -ve Days7162452107323
Stock -ve Days9193361118337

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
null
Based On 5-Year Data
null
Based On 10-Year Data
null

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity8,777,190
Short Interest: % Change Since 11302025-3.2%
Average Daily Volume6,269,248
Days-to-Cover Short Interest1.40
Basic Shares Quantity539,100,000
Short % of Basic Shares1.6%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/3/20251.0%-2.6%-2.2%
8/4/2025-1.4%-4.2%-1.3%
5/5/20252.4%6.5%6.5%
2/12/2025-2.3%2.2%-3.0%
11/4/2024-4.9%-1.8%2.8%
7/31/2024-6.2%-15.3%-2.2%
5/3/20242.0%7.6%4.6%
2/15/20241.9%2.7%4.4%
...
SUMMARY STATS   
# Positive866
# Negative577
Median Positive1.4%4.6%4.5%
Median Negative-2.9%-4.2%-3.0%
Max Positive8.1%8.8%14.9%
Max Negative-6.2%-15.3%-22.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251104202510-Q 9/30/2025
6302025805202510-Q 6/30/2025
3312025506202510-Q 3/31/2025
12312024213202510-K 12/31/2024
93020241105202410-Q 9/30/2024
6302024801202410-Q 6/30/2024
3312024503202410-Q 3/31/2024
12312023215202410-K 12/31/2023
93020231103202310-Q 9/30/2023
6302023804202310-Q 6/30/2023
3312023511202310-Q 3/31/2023
12312022224202310-K 12/31/2022
93020221109202210-Q 9/30/2022
33120226132022S-1/A 3/31/2022
123120219162022424B4 12/31/2021