earnings
confidence high
sentiment positive
materiality 0.80
Corebridge Q3 net income $2.1B ($3.28 EPS); operating EPS $1.05, up 28% YoY; sells UK life to Aviva for £460M
Corebridge Financial, Inc.
2023-Q3 EPS reported
$3.72
revenue$15,524,000,000
- Net income $2.1B ($3.28 EPS); adjusted operating income $675M ($1.05 EPS).
- Base spread income grew 24% YoY; premiums and deposits up 28% through nine months.
- Announced sale of UK life business to Aviva plc for £460 million.
- Closed Laya Healthcare sale to AXA; ~$730M special dividend payable Nov 2023.
- $1.4B capital returned to shareholders since Sep 2022 IPO; $102M in share repurchases.