| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 3.9K | 1.3% | 42.6% |
| Total Income | 3.9K | 1.3% | 42.6% |
| Expenditure | 3.9K | 0.1% | 15.5% |
| PBT | 52.00 | 46.4% | 108.5% |
| Net Profit | 2.00 | 103.8% | 100.3% |
| OPM | — | ||
| NPM | 0.05% | 1.39pp | 24.10pp |
| EPS | -0.04 | 63.6% | 96.7% |
Corebridge Financial Announces Second Quarter 2026 Results
05 Aug 2026 · 5 Aug, 1:56 am
Summary
Corebridge Financial reported a net loss of $16 million, or $0.04 per share, for the second quarter of 2026. However, adjusted after-tax operating income was $512 million, with operating earnings per share of $1.12. Premiums and deposits reached $9.1 billion, while holding company liquidity was $1.4 billion. Management expressed satisfaction with the quarter's performance, highlighting strong earnings, resilient sales, and consistent cash generation, and noted the pivotal milestone of shareholder approval for the merger with Equitable.
Key Highlights
- 1
Corebridge Financial and Equitable Holdings shareholders successfully approved the merger on July 30th.
- 2
The company reported a net loss available to common shareholders of $16 million, or $0.04 per common share for Q2 2026.
- 3
Adjusted after-tax operating income available to Corebridge common shareholders was $512 million, with operating earnings per common share of $1.12.
- 4
Premiums and deposits for the quarter were $9.1 billion.
- 5
Holding company liquidity stood at $1.4 billion as of June 30, 2026.
- 6
The company returned $412 million to shareholders, including $300 million of share repurchases.
- 7
A dividend of $0.25 per share of common stock was declared on August 4, 2026.
Management Comments
Marc Costantini
We are pleased with our performance in the second quarter, having executed across the organization to deliver strong earnings, resilient sales, and consistent cash generation. Operationally, we continue to advance our commitment to becoming the easiest company to do business with—a strategy that is foundational to our customer success. Regarding our merger with Equitable, we have reached a pivotal milestone with shareholder approval. We are now focused on the roadmap to final execution, having further refined our combined leadership to ensure we have the right team to win. We are more confident than ever that this merger will create a combined company with the right attributes to drive profitable growth and create significant shareholder value.
Informational and educational content only. Not investment advice.