earnings
confidence high
sentiment positive
materiality 0.85
Corebridge Q2 net loss $660M; adjusted operating income $750M, up 10% YoY; VA reinsurance 90% closed
Corebridge Financial, Inc.
2025-Q2 EPS
reported -$2.39
vs consensus $1.18
▼ miss
(-303.1%)
- Net loss $660M (diluted EPS -$1.20); adjusted after-tax operating income $750M (op EPS $1.36).
- Premiums and deposits $10.8B; holding company liquidity $1.3B as of June 30, 2025.
- Closed AGL portion of Individual Retirement VA reinsurance, representing ~90% of transaction value.
- Returned $442M to shareholders in Q2 including $311M in share repurchases; H1 payout ratio 64%.
- Adjusted pre-tax operating income +10% YoY, operating EPS +20%, adjusted ROE +230 bps.
item 2.02item 9.01