Jun 2026 (Q2 FY26) — Aug 5, 2026
Corebridge Financial Q2 FY26 — Strong Earnings & Merger Progress
Read the full callCorebridge Financial (CRBG) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Corebridge Financial earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,914 | +43.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 2.0 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Guidance
What management said, and what became of it
5 of 6 judged targets kept · 31 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Alternative investment returns | more in line with the long-term expectation of 8% to 9% | Dec 2025 | we do not foresee this environment materially changing over the short term and expect VII returns to remain below target for the remainder of the year | Revised Down |
| Adjusted return on average equity | 12% to 14% | Mar 2025 | adjusted ROE was 11.4% or 13.8% on a run rate basis, within our 12% to 14% ROE targeted range | On Track |
| Share repurchases funded by the Venerable transaction proceeds | approximately $900 million of share repurchases in the first half of 2026 | Dec 2025 | This included the completion of our planned capital returns related to the VA reinsurance transaction totaling $1.8 billion. | Achieved |
1 of Corebridge Financial, Inc.'s 37 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 34 more targets are in the full ledger.
Claimed
- Core sources of income increased 5% year-over-year.
- Run rate earnings per share grew 16% year-over-year to $1.35.
- Adjusted ROE, excluding Variable Investment Income (VII), rose 90 basis points year-over-year to 10.9%.
- Generated cash in excess of $400 million for 14 consecutive quarters.
- Returned $412 million of capital to shareholders, including $300 million of share repurchases.
Qualified
- Variable Investment Income (VII) came in below long-term expectations and is expected to remain below target for the remainder of the year.
- Total company sales were down year-over-year, though up 13% sequentially.
- Individual Retirement sales declined year-over-year and sequentially due to competitive conditions.
- Group Retirement Adjusted Pretax Operating Income (APTOI) decreased 7% year-over-year.
- Life Insurance APTOI declined 11% year-over-year.
Price
$34.41 −0.06% · −$0.02
Performance +11.0% 1Y
1Y: $30.99 on 17 Oct 2025 → $34.41. High $35.17 (6 Oct 2026), low $22.3 (27 Mar 2026).
- Previous close
- $34.43
- 52-week range
- $22.3 – $35.17
- One year
- +8.34%
Overview
- Symbol
- CRBG
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
5 of 6 judged targets kept · 31 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Alternative investment returns | more in line with the long-term expectation of 8% to 9% | Dec 2025 | we do not foresee this environment materially changing over the short term and expect VII returns to remain below target for the remainder of the year | Revised Down |
| Adjusted return on average equity | 12% to 14% | Mar 2025 | adjusted ROE was 11.4% or 13.8% on a run rate basis, within our 12% to 14% ROE targeted range | On Track |
| Share repurchases funded by the Venerable transaction proceeds | approximately $900 million of share repurchases in the first half of 2026 | Dec 2025 | This included the completion of our planned capital returns related to the VA reinsurance transaction totaling $1.8 billion. | Achieved |
Claimed
- Core sources of income increased 5% year-over-year.
- Run rate earnings per share grew 16% year-over-year to $1.35.
- Adjusted ROE, excluding Variable Investment Income (VII), rose 90 basis points year-over-year to 10.9%.
- Generated cash in excess of $400 million for 14 consecutive quarters.
- Returned $412 million of capital to shareholders, including $300 million of share repurchases.
Qualified
- Variable Investment Income (VII) came in below long-term expectations and is expected to remain below target for the remainder of the year.
- Total company sales were down year-over-year, though up 13% sequentially.
- Individual Retirement sales declined year-over-year and sequentially due to competitive conditions.
- Group Retirement Adjusted Pretax Operating Income (APTOI) decreased 7% year-over-year.
- Life Insurance APTOI declined 11% year-over-year.
The full ledger
Open Corebridge Financial, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 37 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 5, 2026
Corebridge Financial Q1 FY26 — Merger Progress and Strong Individual Retirement Sales
Read the full callEvery analysed call
Corebridge Financial earnings calls (CRBG)
Financials
What the filings say
Net profit, year on year: +100% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,599 | 6,619 | 3,572 | 2,726 | 5,416 | 6,767 | 3,964 | 3,914 |
| Interest | 133 | 145 | 148 | 137 | 135 | 132 | 131 | 131 |
| Profit before tax | -1,594 | 2,925 | -862 | -608 | -42 | 971 | 97 | 52 |
| Tax rate | 25.5% | 24.0% | 23.8% | −9.9% | 426.2% | 17.8% | 162.9% | 96.2% |
| Net profit | -1,184 | 2,171 | -664 | -660 | 144 | 814 | -53 | 2 |
| EPS ($ per share) | -2.02 | — | -1.19 | -1.20 | 0.27 | — | -0.11 | 0.04 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Equity capital | — | — | 6 | 6 | — | — |
| Reserves | — | 8,859 | 18,207 | 17,572 | 19,257 | 18,373 |
| Total liabilities | — | 387,284 | 350,003 | 366,635 | 377,071 | 399,587 |
| Fixed assets | 403 | 323 | 440 | — | — | — |
| Total assets | — | 416,212 | 360,322 | 379,270 | 389,397 | 413,547 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | 3,327 | 2,405 | 2,621 | 3,357 | 2,151 | 2,021 |
| Cash from investing | -7,909 | -1,967 | -7,253 | -5,476 | -11,536 | -13,332 |
| Cash from financing | 4,666 | -753 | 4,674 | 2,114 | 9,580 | 10,939 |
| Net cash flow | 91 | -317 | 32 | -2 | 196 | -371 |
CRBG revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Life Insurance Operating | 43% | 16% | 29% | 39% | 19% | 16% | 26% | 27% | -1.5% |
| Institutional Markets | 32% | 21% | 32% | 27% | 41% | — | 19% | 22% | +17.5% |
| Group Retirement | 26% | 10% | 19% | 24% | 13% | 10% | 16% | 17% | +0.3% |
| Corporate and Other | 3% | 2% | 2% | 1% | 1% | -1% | <1% | 0% | -116.1% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
78 filings between Nov 4, 2025 and Oct 14, 2026.
Open market
decisions to buy or sellPurchases
$240.15M
29 purchases by 1 insider
Sales
$2.26B
9 sales by 4 insiders
56% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 23
- Award — granted as compensation
- 2
- Option exercise — converted options into shares
- 15
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| AMERICAN INTERNATIONAL GROUP, INC. | — | $1.76B | Feb 12, 2026 |
| Argon Holdco LLC | — | $491.12M | Aug 10, 2026 |
| NIPPON LIFE INSURANCE CO | $240.15M | — | Oct 14, 2026 |
| Ditillo David | — | $1.38M | Sep 11, 2026 |
| Cropper Elizabeth B | — | $256.0K | Aug 19, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 14, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 602,103 | $20.49M |
| Oct 13, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 253,776 | $8.80M |
| Oct 12, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 143,190 | $4.94M |
| Oct 9, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 336,750 | $11.47M |
| Oct 8, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 261,198 | $8.96M |
| Oct 7, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 606,912 | $20.88M |
| Oct 6, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 116,345 | $4.10M |
| Oct 5, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 65,711 | $2.28M |
| Oct 2, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 187,155 | $6.41M |
| Oct 1, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 119,635 | $4.00M |
| Oct 1, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 152,573 | $5.00M |
| Sep 30, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 348,215 | $11.72M |
| Sep 29, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 216,818 | $7.30M |
| Sep 28, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 68,968 | $2.40M |
| Sep 28, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 736,814 | $25.12M |
| Sep 25, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 178,840 | $6.17M |
| Sep 24, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 258,878 | $8.76M |
| Sep 23, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 219,273 | $7.48M |
| Sep 22, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 200 | $7.0K |
| Sep 22, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 296,668 | $10.18M |
| Sep 21, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 212,828 | $7.47M |
| Sep 18, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 131,333 | $4.58M |
| Sep 17, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 174,760 | $6.15M |
| Sep 16, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 320,785 | $11.23M |
| Sep 15, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 210,903 | $7.39M |
| Sep 14, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 295,967 | $10.32M |
| Sep 11, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 171,144 | $5.92M |
| Sep 11, 2026 | Ditillo David Chief Information Officer | Sale 10b5-1 plan | 8,736 | $305.8K |
| Sep 10, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 176,300 | $6.00M |
| Sep 9, 2026 | NIPPON LIFE INSURANCE CO 10% owner | Purchase 10b5-1 plan | 136,466 | $4.61M |
| Aug 19, 2026 | Cropper Elizabeth B EVP & Chief Human Res. Officer | Sale | 7,745 | $256.0K |
| Aug 10, 2026 | Argon Holdco LLC 10% owner | Sale | 14,500,000 | $491.11M |
| Aug 6, 2026 | Ditillo David Chief Information Officer | Option exercise 10b5-1 plan | 3,914 | $79.5K |
| Aug 6, 2026 | Ditillo David Chief Information Officer | Sale 10b5-1 plan | 12,414 | $422.1K |
| Jul 16, 2026 | Ditillo David Chief Information Officer | Sale 10b5-1 plan | 12,414 | $397.2K |
| Jul 16, 2026 | Ditillo David Chief Information Officer | Option exercise 10b5-1 plan | 3,914 | $79.5K |
| Jul 6, 2026 | Ditillo David Chief Information Officer | Sale 10b5-1 plan | 4,250 | $127.5K |
| Jun 18, 2026 | Colberg Alan B. Director | Award | 6,553 | $0 |
| Jun 18, 2026 | Schioldager Amy L. Director | Award | 6,553 | $0 |
| Jun 18, 2026 | Parris Colin J. Director | Award | 6,553 | $0 |
| Jun 18, 2026 | Lynch Christopher S. Director | Award | 6,553 | $0 |
| Jun 18, 2026 | Leone Deborah R Director | Award | 6,553 | $0 |
| Jun 18, 2026 | Bousa Edward Peter Director | Award | 6,553 | $0 |
| Jun 18, 2026 | Gubbay Keith Director | Award | 6,553 | $0 |
| Apr 13, 2026 | Filiaggi Christopher Interim CFO and CAO | Award | 30,549 | $0 |
| Mar 2, 2026 | Habayeb Elias F. Chief Financial Officer | Tax withheld | 21,196 | $547.7K |
| Mar 2, 2026 | Cropper Elizabeth B EVP & Chief Human Res. Officer | Tax withheld | 4,158 | $107.4K |
| Mar 2, 2026 | Smith Christopher Brian Chief Operating Officer | Tax withheld | 8,612 | $222.5K |
| Mar 2, 2026 | Ditillo David Chief Information Officer | Tax withheld | 7,957 | $205.6K |
| Mar 2, 2026 | Byrne John P EVP and PFD | Tax withheld | 1,871 | $48.3K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for Corebridge Financial, Inc.
Free account. Everything above stays public.
Write why you follow Corebridge Financial, Inc. and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading