Corebridge Financial Reports Q3 Earnings Growth and Reaffirms Long-Term Cost Savings Targets
Corebridge Financial (CRBG) reported strong third-quarter results, highlighted by a 27% year-over-year increase in operating earnings per share, which reached $1.22. The company achieved an adjusted return on average equity of 12.1% and demonstrated a commitment to shareholder value by returning $295 million in capital during the period. Looking ahead, management is focused on strategic execution, including the targeted year-end closing of the Equitable deal. Additionally, Corebridge reiterated its long-term efficiency goals, aiming to achieve $500 million in run-rate expense savings by the end of 2028.
Tickers: $CRBG
Topics: capital return earnings per share operating earnings return on equity
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Part of the story Corebridge Financial Reports 27% Increase in Q3 Operating Earnings Per Share (3 articles)