Corebridge reports Q2 net loss of $660 mln
Overview
Corebridge reports Q2 net loss of $660 mln, compared to prior year profit
Adjusted pre-tax operating income rises 10% yr/yr, driven by higher margins
Company returns $442 mln to shareholders, reflecting 64% payout ratio
Outlook
Corebridge expects remaining transaction portions to close in Q4 2025
Company positioned for organic growth from lower-risk baseline
Corebridge focuses on profitable growth and strong payout ratio
Result Drivers
PREMIUMS AND DEPOSITS - 7% decrease in premiums and deposits from prior year, attributed to strong prior period and transactional activity
UNDERWRITING MARGIN - Improved underwriting margin driven by pricing discipline
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS | -$1.2 | ||
Q2 Net Income | -$660 mln | ||
Q2 Dividend | $0.24 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the life & health insurance peer group is "buy"
Wall Street's median 12-month price target for Corebridge Financial Inc is $40.00, about 13.8% above its August 1 closing price of $34.48
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago
Press Release:
