CRBG - Corebridge Financial Inc Stock Price, Fair Value and News

30.32USD+0.28 (+0.93%)Delayed as of 08 May 2024, 12:49 pm ET

Market Summary

USD30.32+0.28

Delayedas of 08 May 2024, 12:49 pm

0.93%

CRBG Alerts

Big jump in Revenue (Y/Y)

Big jump in Earnings (Y/Y)

CRBG Stock Price

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CRBG RSI Chart

CRBG Valuation

Market Cap

18.4B

Price/Earnings (Trailing)

7.53

Price/Sales (Trailing)

0.9

EV/EBITDA

5.85

Price/Free Cashflow

5.03

CRBG Price/Sales (Trailing)

CRBG Profitability

EBT Margin

12.83%

Return on Equity

19.71%

Return on Assets

0.63%

Free Cashflow Yield

19.89%

CRBG Fundamentals

CRBG Revenue

Revenue (TTM)

20.5B

Rev. Growth (Yr)

36.93%

Rev. Growth (Qtr)

74%

CRBG Earnings

Earnings (TTM)

2.4B

Earnings Growth (Yr)

291.29%

Earnings Growth (Qtr)

167.07%

Breaking Down CRBG Revenue

52 Week Range

30.53

(Low)(High)

Last 7 days

13.1%

Last 30 days

4.7%

Last 90 days

28.3%

How does CRBG drawdown profile look like?

CRBG Financial Health

Debt/Equity

0.2

Debt/Cashflow

1.46

CRBG Investor Care

Buy Backs (1Y)

5.63%

Diluted EPS (TTM)

3.84

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	20.5B	0	0	0
2023	21.7B	20.7B	19.7B	18.9B
2022	23.6B	24.0B	24.3B	24.7B
2021	0	0	19.2B	23.3B
2020	0	0	0	15.1B

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Corebridge Financial Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 05, 2024	hogan kevin t.	acquired	-	-	35,112	chief executive officer
Mar 30, 2024	fiedler terri n	sold (taxes)	-123,290	28.31	-4,355	president retirement services
Mar 04, 2024	filiaggi christopher	sold (taxes)	-14,822	24.5	-605	controller
Mar 04, 2024	byrne john p	sold (taxes)	-20,972	24.5	-856	pres of financial distributors
Mar 04, 2024	palmer elizabeth	sold (taxes)	-143,472	24.5	-5,856	chief marketing officer
Mar 04, 2024	ditillo david	sold (taxes)	-175,346	24.5	-7,157	chief information officer
Mar 04, 2024	fiedler terri n	sold (taxes)	-209,720	24.5	-8,560	president retirement services
Mar 04, 2024	purtill sabra r.	sold (taxes)	-230,962	24.5	-9,427	-
Mar 04, 2024	hogan kevin t.	sold (taxes)	-713,734	24.5	-29,132	chief executive officer
Mar 04, 2024	miller amber	sold (taxes)	-38,881	24.5	-1,587	chief auditor

Which funds bought or sold CRBG recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Advisory Services Network, LLC	new	-	1,573,710	1,573,710	0.04%
May 06, 2024	Parallel Advisors, LLC	new	-	84,208	84,208	-%
May 06, 2024	DiNuzzo Private Wealth, Inc.	new	-	58.00	58.00	-%
May 06, 2024	Sciencast Management LP	added	15.69	111,787	320,914	0.20%
May 06, 2024	HighTower Advisors, LLC	new	-	274,000	274,000	-%
May 06, 2024	Envestnet Portfolio Solutions, Inc.	new	-	250,625	250,625	-%
May 06, 2024	Jefferies Financial Group Inc.	added	824	6,053,560	6,715,680	0.04%
May 06, 2024	Savant Capital, LLC	new	-	337,578	337,578	-%
May 06, 2024	Quantbot Technologies LP	sold off	-100	-4,045,290	-	-%
May 03, 2024	VICTORY CAPITAL MANAGEMENT INC	added	18.63	18,197,000	49,927,300	0.05%

Are Funds Buying or Selling CRBG?

Are funds buying CRBG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CRBG

No. of Funds

Unveiling Corebridge Financial Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	american international group, inc.	51.38%	324,203,636	SC 13G/A
Feb 09, 2024	blackstone holdings ii l.p.	9.8%	61,962,123	SC 13G/A

Recent SEC filings of Corebridge Financial Inc

View All Filings

Date Filed	Form Type	Document
May 03, 2024	10-Q	Quarterly Report
May 03, 2024	3	Insider Trading
May 03, 2024	8-K	Current Report
Apr 29, 2024	ARS	ARS
Apr 29, 2024	DEF 14A	DEF 14A
Apr 29, 2024	DEFA14A	DEFA14A
Apr 26, 2024	8-K	Current Report
Apr 10, 2024	3	Insider Trading
Apr 09, 2024	4	Insider Trading
Apr 05, 2024	8-K	Current Report

Peers (Alternatives to Corebridge Financial Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BLK	116.1B	18.3B	-2.05%	21.46%	19.62	6.33	5.32%	20.80%
BX	86.8B	10.3B	-4.77%	49.67%	40.34	8.41	116.39%	249.10%
BK	42.9B	19.6B	1.16%	38.31%	12.86	2.19	78.39%	20.24%
ARES	42.2B	3.6B	2.35%	67.53%	89.04	11.63	18.87%	183.11%
BEN	12.3B	8.1B	-13.86%	-8.12%	13.64	1.51	2.98%	5.84%
MID-CAP
IVZ	6.7B	5.8B	-10.63%	-8.66%	-19.85	1.16	-1.10%	-153.42%
AMG	5.0B	2.0B	-6.16%	9.63%	7.2	2.43	-8.91%	-39.33%
AB	3.8B	-	-4.66%	-4.97%	13.72	-	-	7.16%
CNS	3.6B	486.3M	-2.34%	30.93%	28.11	7.38	-9.75%	-22.27%
APAM	3.5B	1.0B	-3.56%	33.04%	15.09	3.47	6.21%	20.27%
AMK	2.5B	722.2M	-1.77%	26.69%	17.55	3.5	12.85%	46.40%
SMALL-CAP
PX	885.9M	241.7M	-9.17%	-23.70%	-128.73	3.66	21.87%	-123.56%
BSIG	854.7M	426.6M	-2.36%	-	12.99	2	2.25%	-34.59%
AINC	16.5M	746.8M	1.68%	-56.13%	-3.57	0.02	15.88%	-226.93%
AC	692.0K	25.3M	-0.71%	-11.96%	0.02	0.03	137.10%	176.58%

Corebridge Financial Inc News

Latest updates

Corebridge Financial Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)												(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2020Q4
Revenue	74.0%	5,836	3,354	5,505	5,757	4,262	4,129	6,538	6,790	7,240	6,381	5,521	-
S&GA Expenses	1.6%	572	563	611	604	582	582	578	577	586	-	521	-
EBITDA Margin	71.1%	0.17*	0.10*	0.18*	0.20*	0.31*	0.47*	0.50*	0.50*	0.51*	0.52*	0.09*	0.11*
Interest Expenses	-0.7%	138	139	135	134	172	177	149	127	81.00	-	83.00	-
Income Taxes	143.8%	189	-432	392	160	-216	-139	640	652	859	-	381	-
Earnings Before Taxes	157.6%	1,016	-1,763	2,461	911	-669	-307	3,172	3,326	4,300	-	1,953	-
EBT Margin	157.8%	0.13*	0.05*	0.12*	0.15*	0.25*	0.42*	0.46*	0.47*	0.48*	0.48*	0.04*	0.06*
Net Income	167.1%	878	-1,309	2,101	771	-459	-207	2,406	2,594	3,366	-	1,420	-
Net Income Margin	104.1%	0.12*	0.06*	0.11*	0.12*	0.20*	0.33*	0.34*	0.34*	0.35*	0.35*	0.03*	0.04*
Free Cashflow	-22.0%	598	767	1,018	1,271	301	471	1,615	538	-3.00	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet											(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2020Q4
Assets	1.7%	385,588	379,270	355,592	367,470	363,896	360,322	354,595	378,207	401,819	425,431	422,435
Cash Equivalents	-32.2%	426	628	581	788	524	633	444	529	600	601	918
Liabilities	1.8%	373,202	366,635	346,336	356,002	353,003	350,003	346,204	362,922	379,641	396,359	383,760
Short Term Borrowings	0%	250	250	1,000	1,500	1,500	1,500	1,500	-	-	8,317	-
Long Term Debt	-100.0%	-	2,504	2,596	7,873	7,871	5,958	7,868	-	-	427	-
Shareholder's Equity	5.3%	12,386	11,766	8,366	11,468	12,465	9,380	9,440	13,459	21,593	28,989	36,075
Retained Earnings	4.2%	18,310	17,572	19,765	17,811	17,592	18,207	16,783	-	-	10,937	23,771
Additional Paid-In Capital	-0.4%	8,115	8,149	8,138	8,128	8,024	8,030	8,030	-	-	8,054	-
Shares Outstanding	-3.0%	624	643	639	651	651	646	646	645	645	-	-
Minority Interest	-6.8%	810	869	890	907	910	939	845	1,208	1,565	1,759	2,549
Float	-	-	-	-	2,790	-	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)												(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2020Q4
Cashflow From Operations	-22.0%	598	767	1,018	1,271	301	471	1,615	538	-3.00	-	-	-
Cashflow From Investing	-19.7%	-2,645	-2,209	-2,377	587	-1,477	-3,923	-875	-1,209	-1,246	-	-	-
Cashflow From Financing	26.8%	1,844	1,454	1,190	-1,595	1,065	3,642	-820	602	1,250	-	-	-
Dividend Payments	-100.0%	-	876	146	551	149	296	-	290	290	-	-	-
Buy Backs	-3.6%	243	252	46.00	200	-	-	-	-	-	-	-	-

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CRBG Income Statement

2024-03-31

Condensed Consolidated Statements of Income (Loss) (unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Premiums	$ 2,295	$ 2,105
Policy fees	714	698
Total net investment income	2,924	2,695
Net realized losses:
Total net realized losses	(320)	(1,458)
Advisory fee income	124	116
Other income	99	106
Total revenues	5,836	4,262
Benefits and expenses:
Policyholder benefits (includes remeasurement losses of $100 and $64 for the three months ended March 31, 2024 and 0, respectively)	2,807	2,495
Change in the fair value of market risk benefits, net	(369)	196
Interest credited to policyholder account balances	1,199	1,026
Amortization of deferred policy acquisition costs and value of business acquired	267	256
Non-deferrable insurance commissions	143	136
Advisory fee expenses	68	65
General operating expenses	572	582
Interest expense	138	172
Net (gain) loss on divestitures	(5)	3
Total benefits and expenses	4,820	4,931
Income (loss) before income tax expense (benefit)	1,016	(669)
Income tax expense (benefit)	189	(216)
Net income (loss)	827	(453)
Less:
Net income (loss) attributable to noncontrolling interests	(51)	6
Net income (loss) attributable to Corebridge	$ 878	$ (459)
Income (loss) per common share attributable to Corebridge common shareholders:
Basic (in dollars per share)	$ 1.41	$ (0.70)
Diluted (in dollars per share)	$ 1.41	$ (0.70)
Weighted averages shares outstanding:
Basic (in shares)	624.0	650.8
Diluted (in shares)	624.9	650.8
Excluding Fortitude Re Funds withheld assets
Revenues:
Total net investment income	$ 2,592	$ 2,301
Net realized losses:
Total net realized losses	(178)	(453)
Fortitude Re funds withheld assets
Revenues:
Total net investment income	332	394
Net realized losses:
Total net realized losses	(164)	20
Fortitude Re funds withheld embedded derivative
Net realized losses:
Total net realized losses	$ 22	$ (1,025)

CRBG Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions

Mar. 31, 2024

Dec. 31, 2023

Fixed maturity securities:

Bonds available-for-sale, at fair value, net of allowance for credit losses of $97 in 2024 and $128 in 2023 (amortized cost: 2024 - $188,403; 2023 - $184,946)

^[1]

$ 168,826

$ 166,527

Other bond securities

^[1]

4,646

4,578

Equity securities, at fair value

^[1]

Mortgage and other loans receivable

^[1]

47,830

46,867

Other invested assets (portion measured at fair value: 2024 - $7,471; 2023 - $7,690

^[1]

10,036

10,257

Short-term investments, including restricted cash of $3 in 2024 and $3 in 2023 (portion measured at fair value: 2024 - $1,257; 2023 - $1,408)

^[1]

4,144

4,336

Total investments

235,558

232,628

Cash

^[1]

410

612

Accrued investment income

^[1]

2,132

2,008

Premiums and other receivables, net of allowance for credit losses and disputes of $1 in 2024 and $1 in 2023

586

594

Deferred income taxes

8,347

8,577

Deferred policy acquisition costs and value of business acquired

10,049

10,011

Market risk benefit assets, at fair value

1,172

912

Other assets, including restricted cash of $13 in 2024 and $13 in 2023 (portion measured at fair value: 2024 - $491; 2023 - $393)

^[1]

2,142

2,294

Separate account assets, at fair value

95,173

91,005

Assets held-for-sale

2,349

2,237

Total assets

385,588

379,270

Liabilities:

Future policy benefits for life and accident and health insurance contracts

57,587

57,108

Policyholder contract deposits (portion measured at fair value: 2024 - $8,681; 2023 - $8,050)

163,783

162,050

Market risk benefit liabilities, at fair value

5,167

5,705

Other policyholder funds

2,864

2,862

Short-term debt

250

Separate account liabilities

95,173

91,005

Liabilities held-for-sale

1,773

1,746

Total liabilities

373,202

366,635

Contingencies, commitments and guarantees

Corebridge Shareholders' equity:

Common stock, $0.01 par value; 2,500,000,000 shares authorized; shares issued: 2024 - 650,189,849 and 2023 648,148,737

Treasury stock, at cost; 2024 - 34,779,166 shares and 2023 - 26,484,411 shares

(717)

(503)

Additional paid-in capital

8,115

8,149

Retained earnings

18,310

17,572

Accumulated other comprehensive loss

(14,139)

(13,458)

Total Corebridge Shareholders' equity

11,576

11,766

Non-redeemable noncontrolling interests

810

869

Total equity

12,386

12,635

Total liabilities and equity

385,588

379,270

Consolidated Entities, Excluding Consolidated Investments

Liabilities:

Long-term debt

9,118

Debt of Consolidated Entities

Liabilities:

Long-term debt

^[1]

2,530

2,504

Fortitude RE

Fixed maturity securities:

Reinsurance assets, net of allowance for credit losses and disputes

26,078

26,772

Liabilities:

Fortitude Re funds withheld payable (portion measured at fair value: 2024 - $2,211; 2023 - $2,182)

25,323

25,957

Excluding Fortitude

Fixed maturity securities:

Reinsurance assets, net of allowance for credit losses and disputes

1,592

1,620

Liabilities:

Other liabilities (portion measured at fair value: 2024 - $158; 2023 - $141)

^[1]

$ 9,634

$ 8,330

[1]	SeeNote 9 for details of balances associated with variable interest entities

About Corebridge Financial Inc

Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States. It operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments. The Individual Retirement segment provides fixed annuities, fixed index annuities, variable annuities and retail mutual funds. The Group Retirement segment offers record-keeping services, plan administration and compliance services, and financial planning and advisory solutions to employer-defined contribution plans and their participants, as well as proprietary and non-proprietary annuities, advisory services, and brokerage products. The Life Insurance segment offers term life and universal life insurance in the United States, as well as issues individual life, whole life, and group life insurance in the United Kingdom; and distributes medical insurance in Ireland. The Institutional Markets segment provides stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank owned life insurance, private placement variable universal life and annuities products, and guaranteed investment contracts. The company was formerly known as SAFG Retirement Services, Inc. The company was incorporated in 1998 and is headquartered in Houston, Texas. Corebridge Financial, Inc. operates as a subsidiary of American International Group, Inc.

CEO	Mr. Kevin Timothy Hogan
WEBSITE	corebridgefinancial.com
INDUSTRY	Asset Management

Corebridge Financial Inc Frequently Asked Questions

What is the ticker symbol for Corebridge Financial Inc? What does CRBG stand for in stocks?

CRBG is the stock ticker symbol of Corebridge Financial Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Corebridge Financial Inc (CRBG)?

As of Tue May 07 2024, market cap of Corebridge Financial Inc is 18.37 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CRBG stock?

You can check CRBG's fair value in chart for subscribers.

What is the fair value of CRBG stock?

You can check CRBG's fair value in chart for subscribers. The fair value of Corebridge Financial Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Corebridge Financial Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CRBG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Corebridge Financial Inc a good stock to buy?

The fair value guage provides a quick view whether CRBG is over valued or under valued. Whether Corebridge Financial Inc is cheap or expensive depends on the assumptions which impact Corebridge Financial Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CRBG.

What is Corebridge Financial Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, CRBG's PE ratio (Price to Earnings) is 7.53 and Price to Sales (PS) ratio is 0.9. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CRBG PE ratio will change depending on the future growth rate expectations of investors.