Corebridge Q2 net income $771M; premiums & deposits +42%; sells Laya for €650M

Corebridge Financial, Inc.

2023-Q2 EPS reported $0.48 revenue$10,019,000,000

Net income $771M ($1.18/sh); adjusted operating income $679M ($1.04/sh).
Premiums and deposits grew 42% YoY to ~$10B; base spread income +42%.
Base yield expanded 76 bps vs prior year; Life Fleet RBC ratio >400% target.
Returned $750M to shareholders via dividends and share repurchases; quarterly dividend $0.23/sh.
Announced sale of Laya Healthcare to AXA for €650M; expected to close in 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Corebridge Financial, Inc. reported the quarter ended June 30, 2023 results: net income Net income of $771 million, EPS $1.18 per share.

Period: the quarter ended June 30, 2023
Net income: Net income of $771 million
EPS: $1.18 per share
Result: reported results

Exact text from the filing

On August 4, 2023, Corebridge Financial, Inc. issued a press release announcing its financial results for the quarter ended June 30, 2023.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Corebridge Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001889539-23-000016

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