Highlights

  • Second quarter 2026 net income attributable to Corebridge was USD 2 million; the loss per common share was USD 0.04.
  • Total revenues were USD 3,914 million, compared with USD 2,726 million in the second quarter of 2025.
  • The company repurchased approximately 52 million shares for approximately USD 1.6 billion in six months and paid quarterly dividends.
  • Stockholders approved the all-stock merger with Equitable Holdings on July 30, with closing targeted by the end of 2026.

Corebridge Financial, Inc. (NYSE: CRBG) shares closed at USD 34.13 on October 23, 2026, down 4.10%. The company's most recent quarterly report on file is its Form 10-Q for the period ended June 30, 2026, filed on August 5, and it describes a proposed merger with Equitable Holdings.

Corebridge is a Delaware corporation headquartered at 2919 Allen Parkway in Houston, Texas. It is a provider of retirement solutions and life insurance products in the United States, selling individual and group annuities, life insurance and institutional markets products. It reports five segments: Individual Retirement, Group Retirement, Life Insurance, Institutional Markets, and Corporate and Other. At June 30, 2026, Nippon Life Insurance Company owned approximately 27.4% of its common stock and an affiliate of Blackstone owned approximately 13.9%.

Second Quarter 2026 Results

Corebridge reported total revenues of USD 3,914 million for the three months ended June 30, 2026, compared with USD 2,726 million a year earlier. Total net realized losses were USD 554 million against USD 1,975 million, including a USD 316 million net realized loss on the Fortitude Re funds withheld embedded derivative.

Total benefits and expenses were USD 3,862 million against USD 3,334 million. Income before income tax was USD 52 million, compared with a loss of USD 608 million. Net income attributable to Corebridge was USD 2 million against a net loss of USD 660 million. After USD 18 million of preferred stock dividends, the net loss available to common shareholders was USD 16 million, or USD 0.04 per share, against USD 660 million, or USD 1.20.

For the six months, total revenues were USD 7,878 million against USD 6,298 million, and the net loss attributable to Corebridge was USD 51 million, against USD 1,324 million. The loss per common share was USD 0.15 against USD 2.39. Weighted average diluted shares were 463.8 million against 554.1 million.

Equitable Merger

The filing describes a proposed transaction between Corebridge and Equitable Holdings, Inc. The related forward-looking statements cover the expected timing and completion of the transaction, anticipated benefits, estimated synergies and projected cost savings. The companies agreed to an all-stock merger on March 26, 2026, stockholders of both approved it on July 30, 2026, and closing is expected by the end of 2026, subject to regulatory approvals.

Capital Returns

In the three and six months ended June 30, 2026, Corebridge paid cash dividends of USD 112 million and USD 226 million on common stock, consisting of a quarterly dividend of USD 0.25 per share. It also paid USD 18 million on its preferred stock, a semi-annual dividend of USD 36.86 per share.

The company repurchased approximately 11 million shares for approximately USD 300 million in the quarter and approximately 52 million shares for approximately USD 1.6 billion in the six months. Corebridge Hold Cos. made capital contributions of USD 75 million in the quarter and USD 150 million in the six months to CRBG Bermuda.

Segments and Reinsurance

Corebridge's individual variable annuity business, previously reported in Individual Retirement, is now included in Corporate and Other following the closing of the AGL Reinsurance Agreement on August 1, 2025. Prior periods were recast, and the variable annuity results are excluded from Adjusted Pre-Tax Operating Income because the company does not consider them indicative of ongoing operations.