Quarterly ResultMay 4, 2026, 04:28 PM
Corebridge Q1 Net Loss $53M; Operating EPS $1.05; Returns $1.4B to Shareholders
AI Summary
Corebridge Financial, Inc. reported a net loss of $53 million for the first quarter of 2026, a substantial improvement compared to a $664 million loss in the prior year. The company achieved an adjusted after-tax operating income of $501 million and operating EPS of $1.05 per share. Corebridge also returned $1.4 billion to shareholders, primarily through share repurchases, and confirmed that its transformative merger with Equitable is progressing as planned, with regulatory filings on track.
Key Highlights
- Net loss of $53 million, significantly improved from $664 million loss in Q1 2025.
- Adjusted after-tax operating income was $501 million.
- Operating EPS was $1.05 per share.
- Returned $1.4 billion to shareholders, including $1.3 billion in share repurchases.
- Premiums and deposits totaled $8.0 billion, a 10% decrease year-over-year.
- Holding company liquidity stood at $1.7 billion as of March 31, 2026.
- Declared a quarterly dividend of $0.25 per share, payable June 30, 2026.
- Progress on the transformative merger with Equitable is on track, with regulatory filings proceeding.