earnings
confidence high
sentiment positive
materiality 0.80
Corebridge Q1 net income $878M ($1.41 EPS); operating EPS $1.10 +13% YoY; $2B buyback increase
Corebridge Financial, Inc.
2024-Q1 EPS reported
$1.41
revenue$5,836,000,000
- Net income $878M ($1.41 diluted EPS); adjusted after-tax operating income $688M ($1.10 operating EPS).
- Premiums and deposits $10.6B; base portfolio income up 18% YoY; base yield expanded 50 bps.
- Completed sale of UK life insurance business to Aviva plc on April 8, 2024.
- Board authorized $2B increase to share repurchase program; returned $386M to shareholders YTD.
- Corebridge Forward modernization delivered $400M run rate savings, achieved ahead of plan.