Corebridge Q3 2022 Earnings Report
Key Takeaways
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.
Completed initial public offering and began trading on the New York Stock Exchange on September 15, 2022.
Net income per share was $3.63, compared to $2.20 per share in the prior year quarter.
Operating EPS was $0.57, compared to $1.02 per share in the prior year quarter.
Premiums and deposits totaled $8.8 billion, reflecting 23% year-over-year growth.
Corebridge
Corebridge
Corebridge Revenue by Segment
Forward Guidance
As we look to the strength of our balance sheet, the consistency of our cash flows and the diversification of our businesses and earnings sources, we are confident in our ability to return significant capital to shareholders through a combination of dividends and share repurchases.
Revenue & Expenses
Visualization of income flow from segment revenue to net income