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Sep 30, 2023
Corebridge Q3 2023 Earnings Report
Corebridge reported strong results in Q3 2023, marked by increased operating EPS and adjusted return on average equity.
Key Takeaways
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.
Net income was $2.1 billion, or $3.28 per share.
Adjusted after-tax operating income was $675 million, or $1.05 per share.
Premiums and deposits were $9.1 billion, a 4% increase over the prior year quarter.
Net investment income was $2.7 billion, a 23% increase over the prior year quarter.
Revenue by Segment
Forward Guidance
Corebridge is confident in its ability to achieve its financial targets while maintaining a disciplined approach that pursues sustainable growth, protects our strong balance sheet, and drives shareholder value.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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