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Corebridge reports Q2 net loss of $660 mln

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Overview

  • Corebridge reports Q2 net loss of $660 mln, compared to prior year profit

  • Adjusted pre-tax operating income rises 10% yr/yr, driven by higher margins

  • Company returns $442 mln to shareholders, reflecting 64% payout ratio

Outlook

  • Corebridge expects remaining transaction portions to close in Q4 2025

  • Company positioned for organic growth from lower-risk baseline

  • Corebridge focuses on profitable growth and strong payout ratio

Result Drivers

  • PREMIUMS AND DEPOSITS - 7% decrease in premiums and deposits from prior year, attributed to strong prior period and transactional activity

  • UNDERWRITING MARGIN - Improved underwriting margin driven by pricing discipline

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 EPS

-$1.2

Q2 Net Income

-$660 mln

Q2 Dividend

$0.24

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the life & health insurance peer group is "buy"

  • Wall Street's median 12-month price target for Corebridge Financial Inc is $40.00, about 13.8% above its August 1 closing price of $34.48

  • The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release:

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