earnings
confidence high
sentiment negative
materiality 0.75
Corebridge Q3 net loss $1.2B due to realized losses; adj. operating EPS $1.38, up 31% YoY
Corebridge Financial, Inc.
2024-Q3 EPS reported
$0.10
revenue$12,162,000,000
- Net loss of $1.2B ($2.02/share) driven by realized losses from Fortitude Re funds withheld embedded derivative.
- Adjusted after-tax operating income of $810M and operating EPS of $1.38, up 31% year-over-year.
- Premiums and deposits of $9.6B, up 5% YoY; core sources of income increased 4% over prior-year quarter.
- Returned $848M to shareholders, including $715M of share repurchases; YTD payout ratio 83%.
- Initiated largest product launch in company history with first registered index-linked annuity (RILA).