secwatch.observer — SEC 8-K summary
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Issuer:     Corebridge Financial, Inc. (CRBG)
CIK:        0001889539
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001889539-24-000050
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corebridge Q3 net loss $1.2B due to realized losses; adj. operating EPS $1.38, up 31% YoY
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1889539/000188953924000050/0001889539-24-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1889539/000188953924000050/crbg-20241104.htm
  HTML page:      https://secwatch.observer/filing/0001889539-24-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer