Key Highlights

  • Corebridge's $0.25 quarterly Dividend has a Record Date of September 16, 2026, payable September 30, yielding approximately 2.87%.
  • Adjusted after-tax Operating Income was $512 million, or $1.12 per common share, despite a GAAP net loss of $16 million for the quarter.
  • Shareholders of both Corebridge and Equitable Holdings approved their pending Merger on July 30, 2026, with closing expected by year-end.
  • The company returned $412 million to shareholders in the quarter, including $112 million of dividends and $300 million of share repurchases.

Corebridge Financial's (NYSE:CRBG) $0.25 quarterly dividend yields approximately 2.87% and represented approximately 22% of second-quarter adjusted after-tax operating income per common share of $1.12, a coverage measure the company treats as more relevant to the dividend than the GAAP net loss of $0.04 per share reported for the quarter. The dividend rate is unchanged from the prior quarter and was declared before the pending combination with Equitable Holdings, which will determine the dividend policy of the combined organization once the transaction closes.

Dividend Program and Shareholder Returns

Corebridge declared a $0.25 quarterly common dividend on August 4, 2026, payable September 30 to shareholders of record as of September 16. The dividend is unchanged from the prior quarterly rate. The company returned $112 million through dividends and $300 million through share repurchases in the quarter, for total shareholder returns of $412 million. The pending Equitable Holdings combination introduces a variable relevant to future dividend policy, since the combined organization's payout approach has not yet been established.

About the Company

Corebridge Financial is a U.S. provider of retirement, protection and institutional financial solutions, offering fixed and variable annuities, Life insurance and retirement-plan services, with Economics driven by spread income, fee income, Investment performance and Capital management.

Financial Performance Behind the Payout

Corebridge reported a net loss available to common shareholders of $16 million, or $0.04 per share, for the quarter, a substantial improvement from the $660 million loss a year earlier. Adjusted after-tax operating income available to common shareholders was $512 million, or $1.12 operating Earnings per common share. Premiums and deposits totaled $9.1 billion, while core sources of income increased 5% to approximately $1.6 billion. Holding-company Liquidity stood at $1.4 billion, and the financial Leverage Ratio was 33.0%. Individual Retirement premiums and deposits fell sharply, though base spread income increased and fee income rose.

Equitable Holdings Merger Advances Toward Year-End Close

Shareholders of both Corebridge and Equitable Holdings approved their previously announced all-stock merger on July 30, 2026, with approximately 99.96% of Corebridge shareholder votes and 97.24% of Equitable shareholder votes cast in favor. The transaction remains subject to regulatory approval and other customary closing conditions, with completion expected by year-end 2026. Corebridge's standalone second-quarter results establish the earnings base the company enters the transaction with, though the dividend policy of the combined company has not yet been disclosed.

Outlook

Corebridge's dividend is assessed against adjusted after-tax operating income rather than GAAP net income, given the substantial gap between the two measures this quarter. Metrics relevant to the dividend's trajectory include core sources of income growth, spread and fee income trends in the Individual Retirement business, and the eventual dividend policy the combined Corebridge-Equitable organization adopts following the merger's expected year-end close.