Corebridge Earnings Reports

Corebridge Financial posted strong Q4 2024 results with a significant turnaround in net income, reaching $2.17 billion from a prior-year loss. Adjusted pre-tax operating income increased by 7.07% year-over-year, while adjusted EPS rose by 18.27%. The company benefited from higher fee income, improved underwriting margins, and disciplined expense management.

Corebridge Financial reported a net loss of $1.2 billion, primarily due to realized losses from the Fortitude Re funds withheld embedded derivative. However, the company grew operating earnings per share by 31% year over year to $1.38 and returned $848 million to shareholders through dividends and share repurchases. Premiums and deposits increased by 5% to $9.6 billion.

Corebridge Financial reported a net income of $365 million, or $0.59 per share, and an adjusted after-tax operating income of $692 million, or $1.13 per share. Premiums and deposits reached $11.7 billion, the highest in over a decade. The company returned $575 million to shareholders through dividends and share repurchases.

Corebridge Financial reported a net income of $878 million and an adjusted after-tax operating income of $688 million for Q1 2024. The company completed its Corebridge Forward modernization program ahead of schedule and authorized a $2 billion increase to its share repurchase program.

Corebridge Financial reported Q4 2023 results, featuring a net loss of $1.3 billion but highlighted by a 20% increase in premiums and deposits, reaching $10.5 billion, and a 21% increase in base spread income, totaling $987 million. The company returned $1.1 billion to shareholders through share repurchases and dividends.

Corebridge Financial reported net income of $2.1 billion, or $3.28 per share, and adjusted after-tax operating income of $675 million, or $1.05 per share. The company increased premiums and deposits by 28% over the first nine months of 2023 compared to the first nine months of 2022, and grew base spread income 34% over this same time. Since its IPO, Corebridge has returned $1.4 billion of capital to shareholders.

Corebridge Financial reported an excellent quarter with significant growth in premiums and deposits (42%) and base spread income (42%). Net income was $771 million, and adjusted after-tax operating income was $679 million. The company returned $750 million to shareholders through dividends and share repurchases.

Corebridge Financial reported its Q3 2022 earnings, marking its first quarterly report since its IPO. The company saw a net income of $2.4 billion, driven by higher realized gains, offsetting lower net investment income. Premiums and deposits reached $8.8 billion, reflecting a 23% year-over-year increase.