Earnings Releases·Nov 2, 2026, 4:16 PM ET

Corebridge Financial — Third Quarter 2026 Earnings Summary

Net income available to common shareholders surged to $1.44 billion ($3.22 per share) from $144 million ($0.27 per share) in the prior year quarter, while adjusted after-tax operating income (AATOI) rose 5% to $545 million ($1.22 operating EPS).
The company returned $295 million to shareholders through $185 million in share repurchases and $110 million in dividends, with a new quarterly dividend of $0.25 per share declared for payment in December 2026.
Premiums and deposits declined 29% to $8.785 billion, driven by a 59% drop in Institutional Markets, though individual retirement premiums and deposits fell only 19% excluding transactional activity.
Progress continues on the merger with Equitable, with over $100 million in expense synergies identified and regulatory approval processes advancing to create a larger, lower-cost entity.
Results were impacted by an annual actuarial assumption update that decreased APTOI by $99 million, while net income variance was largely driven by favorable changes in net realized gains.