Corebridge Announces Merger with Equitable, Projects $5 Billion in Annual Earnings by 2027
Corebridge Financial (CRBG) announced a merger with Equitable, creating a company with over 12 million customers and $1.5 trillion in assets under management. The merger is expected to generate $500 million in expense synergies and is projected to be immediately accretive to earnings and cash generation, with annual earnings exceeding $5 billion by 2027.
Tickers: $CRBG
Topics: assets under management earnings per share Equitable expense synergies merger shareholder value