• Annuities: Financial contracts providing a steady stream of income, available in fixed, fixed index, and variable forms for individual retirement planning.
• Group Retirement Plans: Solutions such as 403(b) plans offered to employers and plan sponsors to help employees save for retirement.
• Life Insurance: Products, including term life insurance, that offer financial protection to beneficiaries upon the death of the insured.
• Institutional Financial Solutions: Customized financial products and services provided to institutional clients for asset and liability management.

Corebridge Financial primarily serves individuals, both directly and indirectly through employer-sponsored plans. Based on the company's description, its major customer categories are:

1. Individuals seeking personal retirement and savings solutions: This category includes customers who directly purchase individual annuities (fixed, fixed index, and variable) and other personal investment products to plan and save for their retirement.
2. Individuals seeking life insurance protection: This refers to customers who purchase various life insurance products, such as term life insurance, to provide financial security for their loved ones.
3. Employees participating in employer-sponsored retirement plans: This category encompasses individuals who save for retirement through plans like 403(b)s, which are offered by their employers (e.g., educational institutions, healthcare organizations, non-profits) through Corebridge Financial's Group Retirement services.

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Marc Costantini, Chief Executive Officer

Marc Costantini was appointed Chief Executive Officer of Corebridge Financial effective December 1, 2025. He joined Corebridge from Manulife, where he most recently served as Global Head of Strategy and Inforce Management. Prior to that, he was President & CEO for Corporate Development, Strategy and Digital Solutions for Munich Re's North America Life & Health business. He also served as Executive Vice President of Commercial and Government Markets for Guardian, after initially being appointed as the company's Chief Financial Officer. Mr. Costantini is a Fellow of the Society of Actuaries.

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. He will remain in this role until April 24, 2026, as he has announced his resignation to accept a senior leadership position at another publicly listed company. Before joining Corebridge, Mr. Habayeb held several senior financial roles at AIG, including Chief Financial Officer for General Insurance and Deputy Chief Financial Officer. Notably, as CFO of International Lease Finance Corporation (ILFC), a wholly-owned subsidiary of AIG, he led efforts for its sale in 2014. Prior to AIG, he was a partner in Deloitte & Touche's Capital Markets Group.

Lisa Longino, Chief Investment Officer

Lisa Longino leads Corebridge Financial's investments team, responsible for optimizing economic returns across the investment portfolio. She joined Corebridge from Prudential Financial, where she was Head of Global Investment Strategy. Her career spans over three decades in investment for insurance companies, with a focus on fixed income portfolios. Previously, she spent more than 20 years at MetLife, holding various senior investment roles including Head of Insurance Asset Management and Head of Portfolio Management.

John Byrne, President of Financial Distributors

John Byrne is a seasoned distribution leader at Corebridge Financial, heading the sales organization that markets individual retirement solutions and life insurance products through a wide range of wholesale and distribution channels. Before his current role, he served as Senior Vice President, National Sales Manager, Annuity Direct Distribution. Mr. Byrne holds a bachelor's degree in economics and a Chartered Retirement Planning Counselor (CRPC®) designation.

David Ditillo, Chief Information Officer

David Ditillo has been Chief Information Officer of Corebridge Financial since 2020, responsible for the company's technology strategy, transformation, and delivery across its financial solutions and services. Prior to joining AIG (from which Corebridge spun off), he held various technology leadership roles at MetLife, including Chief Information Officer for its U.S. business, and also at JPMorgan Chase.

The primary key risk for Corebridge Financial is its significant exposure to interest rate fluctuations and market performance. The company manages $358.0 billion in client assets and derives 52% of its balanced income mix from spread income, which is highly sensitive to changes in interest rates. Adverse movements in interest rates can directly impact this substantial portion of its revenue. Additionally, broad market downturns could negatively affect the value of client assets, thereby impacting fee income.

A second key risk is the intensely competitive nature of its markets. While Corebridge Financial holds leading positions in U.S. annuity sales and the 403(b) retirement plan market, it operates within highly competitive segments for retirement solutions and insurance products. Sustaining and growing its market share, particularly in areas like U.S. term life insurance where it ranks ninth, requires continuous innovation and effective distribution strategies against numerous competitors.

A third key risk stems from its exposure to regulatory and legislative changes. As a major provider of retirement solutions and insurance products in the United States, Corebridge Financial is subject to a complex and evolving regulatory landscape. Changes in laws, regulations, or government policies related to financial services, insurance, or retirement planning could necessitate adjustments to business practices, increase compliance costs, or alter product demand, potentially impacting its operations and profitability.

• For overall retirement solutions, the total U.S. retirement assets amounted to $45.8 trillion as of June 30, 2025.
• The U.S. individual annuity sales reached an estimated $461.3 billion in 2025.
• The U.S. 403(b) retirement plan market held approximately $1.5 trillion in assets as of 2025.
• The U.S. life insurance market size was estimated at $1.93 trillion in 2024.

1. Growth in Institutional Markets: Corebridge Financial anticipates continued revenue growth from its Institutional Markets business, particularly driven by pension risk transfer (PRT) and guaranteed investment contract (GIC) offerings. This segment demonstrated a 24% increase in sales in Q4 2025. Management emphasizes the company's ability to strategically reallocate capital to these high-return segments.
2. Product Innovation and New Product Launches: The company expects to drive revenue growth through ongoing product innovation and the successful launch of new offerings. This strategy has already proven effective, contributing to record annual sales in 2025, with specific mention of the rapid adoption of new products like "Market Lock." Corebridge aims to maintain a diversified product lineup and robust distribution relationships.
3. Expansion in Advisory Channels and Wealth Management: Corebridge Financial is focused on expanding its presence in fee-based, advisory-friendly annuity channels. The company is targeting double-digit growth in advisory-aligned sales for 2025–2026 through platforms such as DPL and Envestnet. Furthermore, investments in wealth management are intended to capture a larger share of IRA rollovers.
4. Digitization and Enhanced Customer Experience: Strategic investments in digitization and enhancing the customer experience are expected to contribute to future revenue growth. The company plans to increase operating expenses by 4%-5% in 2026 to support these investments, aiming to leverage demographic trends and improve capabilities.
5. Strong Annuity Flows and Market Share in Individual Retirement: Corebridge Financial's established leadership in the annuity market, including its strong position in fixed indexed annuities and fixed annuities, is a key growth driver. The company seeks to accelerate its market share through independent agents, banks, and broker-dealers, capitalizing on significant shelf presence and sustained net flows, supported by a growing demand for retirement solutions.

Share Repurchases

• Corebridge Financial returned $2.3 billion to shareholders in 2024, which included $1.8 billion in share repurchases.
• In February 2025, the Board of Directors increased the share repurchase authorization by $2 billion, followed by another $2 billion increase in May 2024.
• Following a $51 billion variable annuity reinsurance deal in July 2025, Corebridge's board approved an additional $2 billion increase to its share repurchase authorization, intending to use approximately $2.1 billion from the deal's proceeds for repurchases.

Share Issuance

• Corebridge Financial commenced trading as a public company on September 15, 2022, following an Initial Public Offering (IPO).
• In the IPO, American International Group (AIG), the selling stockholder, offered 80 million shares at $21 per share, raising approximately $1.68 billion, with Corebridge not receiving any of the proceeds.
• AIG has continued to reduce its stake in Corebridge through subsequent share sales post-IPO, such as selling 30 million shares in August 2025.

Inbound Investments

• In November 2021, prior to its IPO, AIG sold a 9.9% equity stake in the life and retirement business (which would become Corebridge) to Blackstone for $2.2 billion in cash, establishing a long-term strategic asset management relationship.
• In 2024, Nippon Life Insurance Company acquired a 21.6% stake in Corebridge Financial from AIG for $3.8 billion.

Outbound Investments

• Corebridge completed the sale of its UK life insurance business to Aviva plc for £460 million on April 8, 2024.
• Corebridge sold its Irish health insurer subsidiary, Laya Healthcare, to AXA for €650 million on October 31, 2023.
• In July 2025, Corebridge entered into an agreement with Venerable Holdings to reinsure its entire variable annuity portfolio, valued at $51 billion, generating approximately $2.1 billion of net distributable proceeds for the company.