Quarterly ResultAug 4, 2026, 04:26 PM
Corebridge Financial Q2 Net Loss $16M; Merger Approved
AI Summary
Corebridge Financial reported a net loss of $16 million for Q2 2026, a significant improvement from a $660 million loss in the prior year, while adjusted after-tax operating income decreased to $512 million. Shareholders also successfully approved the merger with Equitable Holdings. The company returned $412 million to shareholders, including $300 million in share repurchases, and declared a $0.25 per share dividend.
Key Highlights
- Shareholders approved merger with Equitable Holdings on July 30.
- Net loss available to common shareholders was $16 million, down from $660 million prior year.
- Adjusted after-tax operating income was $512 million, down from $672 million prior year.
- Operating earnings per common share was $1.12, down from $1.22 prior year.
- Premiums and deposits totaled $9.1 billion, a 13% decrease year-over-year.
- Returned $412 million to shareholders, including $300 million in share repurchases.
- Declared a quarterly dividend of $0.25 per common share.
- Institutional Markets premiums and deposits increased 130% to $2.6 billion.
Price Impact
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