Corebridge Financial, Inc. (NYSE:CRBG) filed a Rule 425 communication on November 4, 2026, containing the transcript of its third quarter 2026 earnings call held on November 3, 2026.

Key Highlights

  • Operating EPS of $1.22 for the third quarter of 2026, a 27% increase year-over-year, according to the filing.
  • Adjusted return on average equity of 12.1%, representing an increase of 180 basis points year-over-year, as stated by CEO Marc Costantini.
  • $295 million returned to shareholders in the form of dividends and share repurchases during the quarter.
  • Individual retirement sales of $4.5 billion, up 17% sequentially and described as the company's strongest quarter of the year.
  • GIC issuance of $1.5 billion during the quarter, described as above the company's historical average.
  • PRT volume of $156 million in Q3, with over $1.5 billion in PRT transactions already selected and expected to close in the fourth quarter.
  • Industry RILA sales reached approximately $25 billion, described as a new quarterly record, with Corebridge reporting increased market share in both fixed annuities and RILAs.

Corebridge Q3 2026 Earnings: Retirement Sales and Capital Returns

According to the filing, Corebridge Financial's third quarter 2026 earnings call featured prepared remarks from President and CEO Marc Costantini, Interim CFO and Chief Accounting Officer Christopher Filiaggi, and Chief Investment Officer Lisa Longino. Costantini attributed the quarter's results to "the strength of our diversified business model disciplined execution and ability to capitalize on the powerful market trends shaping our industry," as quoted in the transcript. The company reported operating earnings per share of $1.22, a 27% year-over-year increase, and an adjusted return on average equity of 12.1%, up 180 basis points year-over-year.

In individual retirement, the company reported sales of $4.5 billion in the third quarter, up 17% sequentially, with positive net flows of more than $1 billion. The filing noted that, based on preliminary LIMRA data, the company increased market share in both fixed annuities and RILAs. The company also disclosed the launch of "Progressive trigger," described as "a first-of-its-kind index annuity crediting strategy designed to help preserve future growth potential following a down year." In Group Retirement, advisory and brokerage assets grew 12% year-over-year during the quarter.

In institutional markets, GIC issuance totaled $1.5 billion, described as above the company's historical average. Pension risk transfer volume for the quarter was $156 million, with Costantini noting that the company has already been selected as counterparty for over $1.5 billion in PRT transactions expected to close in the fourth quarter. The filing is subject company Corebridge Financial, Inc. and Equitable Holdings, Inc., filed pursuant to Rule 425 under the Securities Act of 1933. The transcript includes cautionary language noting that "today's comments may contain forward-looking statements, which are subject to risks and uncertainties" and that such statements "are not guarantees of future performance or events."

What Was Disclosed

Corebridge Financial filed a Rule 425 communication containing its FQ3 2026 earnings call transcript, disclosing operating EPS of $1.22, adjusted ROAE of 12.1%, individual retirement sales of $4.5 billion, GIC issuance of $1.5 billion, and $295 million in capital returned to shareholders.