Nippon Life Insurance Co filed a Form 4 with the SEC on October 30, 2026, disclosing the purchase of 245,898 shares of Corebridge Financial, Inc. common stock on October 28, 2026, under a Rule 10b5-1 plan.

Key Highlights

  • Shares acquired: Nippon Life Insurance Co purchased 245,898 shares of Corebridge Financial common stock on October 28, 2026.
  • Weighted average price: The reported price was $35.2646 per share, with individual transactions ranging from $35.03 to $35.61.
  • Post-transaction holdings: Following the purchase, Nippon Life reported beneficial ownership of 131,869,568 shares of common stock.
  • 10b5-1 plan: The purchases were made pursuant to a Rule 10b5-1 plan adopted by Nippon Life on August 7, 2026.
  • Ownership breakdown: The total includes 131,836,297 shares held directly by Nippon Life and 33,271 shares held by Nissay Asset Management Corporation, a direct wholly owned subsidiary.
  • Reporting person's role: Nippon Life is identified as a 10% Owner of Corebridge Financial, Inc. (NYSE:CRBG).

Nippon Life's October 2026 Open-Market Purchase of Corebridge Common Stock

According to the filing, Nippon Life Insurance Co, headquartered in Osaka, Japan, acquired 245,898 shares of Corebridge Financial, Inc. common stock on October 28, 2026. The transaction code reported is "P," indicating an open-market purchase. The filing notes the purchases were executed pursuant to a Rule 10b5-1 plan that Nippon Life adopted on August 7, 2026, and the form box confirming Rule 10b5-1(c) plan compliance is checked.

The filing reports a weighted average purchase price of $35.2646 per share. Individual transactions within the purchase were executed at prices ranging from $35.03 to $35.61, inclusive. The filing states that Nippon Life "undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein."

Following the reported transaction, Nippon Life disclosed beneficial ownership of 131,869,568 shares held directly. The filing clarifies that this total comprises 131,836,297 shares held of record by Nippon Life itself and 33,271 shares held of record by Nissay Asset Management Corporation, described as a direct wholly owned subsidiary of Nippon Life, which Nippon Life "may be deemed to beneficially own." Nippon Life is identified in the filing as a 10% Owner of Corebridge Financial, Inc., which trades on the NYSE under the symbol CRBG. The form was signed by Yohei Miyanaga, General Manager, on October 30, 2026.

What Was Disclosed

Nippon Life Insurance Co reported a purchase of 245,898 Corebridge Financial common shares on October 28, 2026, at a weighted average of $35.2646, under a pre-established Rule 10b5-1 plan, bringing its reported beneficial ownership to 131,869,568 shares.