Corebridge Financial, Inc. (CRBG) Stock

About Corebridge Financial, Inc.

Corebridge Financial, Inc. is a prominent financial services company primarily operating within the United States, dedicated to offering a broad spectrum of retirement and insurance solutions. Its business operations are strategically organized across four key segments: Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets. Within the Individual Retirement division, customers can access a variety of offerings, including fixed, fixed-indexed, and variable annuities, alongside retail mutual funds. The Group Retirement segment caters to employer-sponsored defined contribution plans and their participants, providing essential services such as record-keeping, plan administration, and compliance management. Additionally, it furnishes financial planning and advisory solutions, complemented by a selection of proprietary and third-party annuities, advisory services, and brokerage products. Globally, the Life Insurance segment extends its reach. In the United States, it underwrites term and universal life policies. Its operations also encompass the United Kingdom, where it issues individual, whole, and group life insurance, and Ireland, where it distributes medical insurance. Finally, the Institutional Markets segment serves a specialized clientele with offerings like stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank-owned life insurance, high-net-worth solutions, and guaranteed investment contracts. Incorporated in 1998, the company was previously known as SAFG Retirement Services, Inc. Its corporate headquarters are situated in Houston, Texas. Corebridge Financial operates as a subsidiary under the umbrella of American International Group, Inc.

Corebridge Financial, Inc. is led by CEO Marc Costantini, employs 4,800 people, headquartered in Houston, US, publicly traded since 2022.

Corebridge Financial, Inc. (CRBG) stock trades at $31.73 with a market capitalization of $14.29B. The stock is valued at a price-to-earnings (P/E) ratio of 73.04, price-to-book of 1.29, price-to-sales of 2.14. Over the past 52 weeks the stock has ranged between $22.19 and $36.57, and currently trades 13.2% below its 52-week high. It pays a dividend yielding 3.32%.

On profitability, Corebridge Financial, Inc. generates a return on equity (ROE) of 1.69%, return on capital employed of -3.88%, an operating margin of 6.72%, a net profit margin of 3.94%.

Official website: www.corebridgefinancial.com