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Stock impact report

Corebridge Financial Announces Third Quarter 2024 Results

Corebridge Financial Inc. (CRBG) 
Company Research Source: Business Wire
Net loss of $1.2 billion, or $2.02 per share, largely a result of realized losses primarily driven by the Fortitude Re funds withheld embedded derivativeAdjusted after-tax operating income1 of $810 million and operating EPS1 of $1.38 per sharePremiums and deposits1 of $9.6 billionAggregate core sources of income2 increased 4% over the prior year quarter with growth across base spread income,2 fee income2 and underwriting margin2,3Holding company liquidity of $2.0 billionReturned $848 million to shareholders, including $715 million of share repurchases HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. ("Corebridge" or the "Company") (NYSE: CRBG) today reported financial results for the third quarter ended September 30, 2024.Kevin Hogan, President and Chief Executive Officer of Corebridge, said, "We had a very strong quarter as Corebridge grew operating earnings per share by 31% year over year to $1.38. At the same time, we returned $848 million to shareholders through dividends a Show less Read more
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