-1.11%
12.70%
6.17%
14.15%
39.55%
62.71%
62.71%
AI Spotlight on CRBG
Company Description
Corebridge Financial, Inc.provides retirement solutions and insurance products in the United States.It operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments.
The Individual Retirement segment provides fixed annuities, fixed index annuities, variable annuities and retail mutual funds.The Group Retirement segment offers record-keeping services, plan administration and compliance services, and financial planning and advisory solutions to employer-defined contribution plans and their participants, as well as proprietary and non-proprietary annuities, advisory services, and brokerage products.The Life Insurance segment offers term life and universal life insurance in the United States, as well as issues individual life, whole life, and group life insurance in the United Kingdom; and distributes medical insurance in Ireland.
The Institutional Markets segment provides stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank owned life insurance, high net worth products, and guaranteed investment contracts.The company was formerly known as SAFG Retirement Services, Inc.Corebridge Financial, Inc.
was incorporated in 1998 and is headquartered in Houston, Texas.Corebridge Financial, Inc.operates as a subsidiary of American International Group, Inc.
Market Data
| Last Price | 33.73 |
| Change Percentage | -1.11% |
| Open | 34.24 |
| Previous Close | 34.11 |
| Market Cap ( Millions) | 19188 |
| Volume | 1409406 |
| Year High | 34.66 |
| Year Low | 23.01 |
| M A 50 | 31.12 |
| M A 200 | 29.57 |
Financial Ratios
| FCF Yield | 11.51% |
| Dividend Yield | 2.73% |
| ROE | -10.43% |
| Debt / Equity | 88.29% |
| Net Debt / EBIDTA | -833.99% |
| Price To Book | 1.46 |
| Price Earnings Ratio | -15.84 |
| Price To FCF | 8.69 |
| Price To sales | 1.32 |
| EV / EBITDA | -22.27 |
News
- Jan -16 - Corebridge Financial Schedules Announcement of Fourth Quarter and Full Year 2024 Financial Results
- Jan -13 - Corebridge Financial Announces Keith Gubbay and Colin J. Parris Appointed to Board of Directors
- Dec -19 - CRBD: The First Exchange-Traded Debt Issue Of Corebridge Financial
- Dec -10 - Corebridge Financial Announces Updates to Board of Directors
- Dec -09 - CRBG vs. MURGY: Which Stock Is the Better Value Option?
- Nov -19 - Corebridge Stock Down Despite Q3 Earnings Beat on Fixed Annuity Growth
- Nov -08 - Corebridge Financial Announces Pricing of Secondary Offering of Common Stock by AIG
- Nov -07 - Corebridge Financial Announces Launch of Secondary Offering of Common Stock by AIG
- Nov -07 - Corebridge: Solid Q3 Results Point To Ongoing Strong Capital Returns
- Nov -05 - Corebridge Financial, Inc. (CRBG) Q3 2024 Earnings Call Transcript
- Nov -05 - Corebridge (CRBG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
- Nov -04 - Corebridge Financial (CRBG) Q3 Earnings Top Estimates
- Nov -04 - Corebridge Financial Announces Third Quarter 2024 Results
- Oct -31 - Corebridge Financial and Miami-Dade County Public Schools Celebrate 60 Years of Providing Financial Security to Educators
- Oct -10 - Corebridge Enhances Retirement Solutions With MarketLock Annuity
- Oct -08 - Corebridge Financial Schedules Announcement of Third Quarter 2024 Financial Results
- Sep -11 - Corebridge: Diversified Financial Firm Dip Opportunity As Future Growth Expected
- Aug -26 - Corebridge Financial Elects Edward Bousa to Board of Directors
- Aug -21 - Corebridge Financial to Participate in Barclays 22nd Annual Global Financial Services Conference
- Aug -06 - Flourish Annuities Expands Annuity Marketplace with Corebridge Financial Partnership
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Institutional Markets
Expected Growth : 6.5 %
What the company do ?
Institutional Markets from Corebridge Financial, Inc. provides investment solutions to institutional clients, including pension funds, endowments, and insurance companies.
Why we expect these perspectives ?
Corebridge Financial, Inc.'s Institutional Markets segment growth of 6.5% is driven by increasing demand for retirement solutions, expansion of distribution channels, and strategic partnerships. Additionally, the segment benefits from a strong brand reputation, diversified product offerings, and a growing presence in the pension risk transfer market.
Segment n°2 -> Individual Retirement
Expected Growth : 6.8 %
What the company do ?
Individual Retirement from Corebridge Financial, Inc. offers tax-deferred savings for retirement, providing a range of investment options and flexible contribution limits.
Why we expect these perspectives ?
Corebridge Financial, Inc.'s Individual Retirement segment growth of 6.8% is driven by increasing demand for retirement savings, favorable demographics, and a growing need for income security. Additionally, the company's diversified product offerings, strong distribution channels, and effective marketing strategies contribute to its growth momentum.
Segment n°3 -> Life Insurance
Expected Growth : 6.2 %
What the company do ?
Corebridge Financial, Inc.'s Life Insurance provides financial protection to beneficiaries in the event of the policyholder's death, offering a range of term life and permanent life insurance products.
Why we expect these perspectives ?
Corebridge Financial, Inc.'s 6.2% growth in Life Insurance is driven by increasing demand for protection products, expansion into underserved markets, and strategic partnerships. Additionally, the company's diversified distribution channels, including independent agents and online platforms, contribute to its growth. Furthermore, the rising awareness of the importance of life insurance among millennials and Gen Z populations also fuels the segment's expansion.
Segment n°4 -> Group Retirement
Expected Growth : 6.9 %
What the company do ?
Group Retirement from Corebridge Financial, Inc. offers customized retirement plans for employers to help employees save for their future, with flexible investment options and administrative support.
Why we expect these perspectives ?
Corebridge Financial's Group Retirement segment growth of 6.9% is driven by increasing demand for retirement plans, expansion of distribution channels, and strategic partnerships. Additionally, the rise of auto-enrollment and Roth 401(k) conversions, as well as the growing need for retirement income solutions, contribute to the segment's growth.
Segment n°5 -> Adjustments
Expected Growth : 0.0 %
What the company do ?
Adjustments from Corebridge Financial, Inc. refer to changes made to insurance policies, such as premium rate revisions or coverage modifications, affecting policyholders' benefits or premiums.
Why we expect these perspectives ?
With 0.0% growth, Corebridge Financial, Inc.'s adjustments are stagnant, indicating no significant changes in market share, pricing, or operating efficiency. This may be due to intense competition, lack of innovation, or ineffective cost management. The company's focus should be on identifying areas for improvement and implementing strategies to drive growth.
Segment n°6 -> Corporate & Other Segment
Expected Growth : 7.2 %
What the company do ?
The Corporate & Other Segment from Corebridge Financial, Inc. includes unallocated corporate expenses, interest on debt, and other miscellaneous items not attributed to specific business segments.
Why we expect these perspectives ?
The 7.2% growth in Corporate & Other Segment of Corebridge Financial, Inc. is driven by increasing demand for retirement solutions, expansion of distribution channels, and strategic investments in digital capabilities. Additionally, the segment benefits from a low interest rate environment, leading to higher fee income and a growing annuity business.
Segment n°7 -> Eliminations
Expected Growth : 0.0 %
What the company do ?
Eliminations from Corebridge Financial, Inc. refer to the removal of intercompany transactions and balances to present a consolidated financial statement.
Why we expect these perspectives ?
With 0.0% growth, Eliminations from Corebridge Financial, Inc. indicates a neutral impact on the company's financial performance. This is likely driven by the absence of significant intersegment transactions, minimal consolidation adjustments, and a stable organizational structure, resulting in no material eliminations affecting the company's overall financial results.
Corebridge Financial, Inc. Products
| Product Range | What is it ? |
|---|---|
| Term Life Insurance | Provides temporary life insurance coverage for a specified period of time, typically 10, 20, or 30 years. |
| Permanent Life Insurance | Offers lifetime coverage and a cash value component that grows over time. |
| Universal Life Insurance | Combines a death benefit with a savings component that earns interest, allowing for flexible premiums and adjustable coverage. |
| Indexed Universal Life Insurance | A type of universal life insurance that earns interest based on the performance of a specific stock market index. |
| Variable Universal Life Insurance | A type of universal life insurance that allows investments in a variety of investments, such as mutual funds. |
| Annuities | A contract that provides a guaranteed income stream for a set period or for life in exchange for a lump sum or series of payments. |
| Retirement Plans | Offers a range of retirement plans, including 401(k), IRA, and pension plans. |
Corebridge Financial, Inc.'s Porter Forces
Threat Of Substitutes
Corebridge Financial, Inc. operates in a highly competitive industry, and there are many substitutes available to customers. However, the company's strong brand recognition and customer loyalty help to mitigate the threat of substitutes.
Bargaining Power Of Customers
Corebridge Financial, Inc. has a large customer base, and customers have significant bargaining power due to the availability of substitutes. The company needs to focus on customer retention and satisfaction to maintain its market share.
Bargaining Power Of Suppliers
Corebridge Financial, Inc. has a diversified supplier base, and suppliers have limited bargaining power. The company has a strong negotiating position, which helps to keep costs under control.
Threat Of New Entrants
The financial services industry has high barriers to entry, and new entrants face significant regulatory and capital requirements. However, the rise of fintech companies and digital platforms has increased the threat of new entrants.
Intensity Of Rivalry
The financial services industry is highly competitive, and Corebridge Financial, Inc. faces intense rivalry from established players and new entrants. The company needs to focus on differentiating itself through its products and services to maintain its market share.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 50.22% |
| Debt Cost | 4.42% |
| Equity Weight | 49.78% |
| Equity Cost | 7.29% |
| WACC | 5.85% |
| Leverage | 100.90% |
Corebridge Financial, Inc. : Quality Control
Corebridge Financial, Inc. passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| GBDC | Golub Capital BDC, Inc. (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in … |
| HTGC | Hercules Capital, Inc. is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all … |
| VCTR | Victory Capital Holdings, Inc., together with its subsidiaries, operates as an asset management company worldwide. It offers investment advisory, fund administration, fund compliance, fund transfer agent, and fund distribution services. … |
| ARCC | Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital … |
| MAIN | Main Street Capital Corporation is a business development company specializes in equity capital to lower middle market companies. The firm specializing in recapitalizations, management buyouts, refinancing, family estate planning, management … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Main Street Capital
A-Score
1-Year Total Return ->
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Victory Capital Holdings
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Ares Capital
A-Score
1-Year Total Return ->
4
Golub Capital BDC
A-Score
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5
Corebridge Financial
A-Score
1-Year Total Return ->
6
