Nippon Life Insurance Co filed a Form 4 with the SEC on September 18, 2026, disclosing the purchase of 320,785 shares of Corebridge Financial, Inc. common stock on September 16, 2026, under a Rule 10b5-1 plan.

Key Highlights

  • Shares purchased: Nippon Life Insurance Co acquired 320,785 shares of Corebridge Financial common stock on September 16, 2026.
  • Weighted average price: The purchase was made at a weighted average price of $35.0171 per share, with individual transactions ranging from $34.57 to $35.42, inclusive.
  • 10b5-1 plan: The purchases were made pursuant to a Rule 10b5-1 plan adopted by Nippon Life on August 7, 2026.
  • Post-transaction ownership: Following the transaction, Nippon Life beneficially owns 123,301,092 shares of Corebridge Financial common stock, held directly.
  • Subsidiary holdings included: The post-transaction total includes 123,267,821 shares held by Nippon Life and 33,271 shares held by Nissay Asset Management Corporation, a direct wholly owned subsidiary of the reporting person.
  • Reporting relationship: Nippon Life is identified as a 10% owner of Corebridge Financial, Inc. (NYSE:CRBG).

Nippon Life's Rule 10b5-1 Purchase of Corebridge Financial Common Stock

According to the filing, Nippon Life Insurance Co, headquartered in Osaka, Japan, acquired 320,785 shares of Corebridge Financial, Inc. (NYSE:CRBG) common stock on September 16, 2026. The transaction was coded as a purchase (Code P) and was effected pursuant to a Rule 10b5-1 plan that Nippon Life adopted on August 7, 2026, as noted in the filing's explanation of responses.

The filing disclosed that the price reported is a weighted average of $35.0171 per share, with the underlying individual transactions occurring at prices ranging from $34.57 to $35.42, inclusive. Nippon Life stated it will provide full information on the number of shares purchased at each separate price to the issuer, any security holder of the issuer, or the SEC staff upon request.

Following the reported transaction, Nippon Life beneficially owns 123,301,092 shares of Corebridge Financial common stock on a direct basis. The filing clarified that this figure includes 123,267,821 shares held of record by Nippon Life itself and 33,271 shares held of record by Nissay Asset Management Corporation, described in the filing as a direct wholly owned subsidiary of Nippon Life, which Nippon Life may be deemed to beneficially own. No derivative securities were reported in the filing.

What Was Disclosed

Nippon Life Insurance Co, a 10% owner of Corebridge Financial, reported a purchase of 320,785 common shares on September 16, 2026, at a weighted average of $35.0171, raising its total beneficial ownership to 123,301,092 shares, including shares held through its subsidiary Nissay Asset Management Corporation.