Overview

* Corebridge reports Q2 net loss of $660 mln, compared to prior year profit

* Adjusted pre-tax operating income rises 10% yr/yr, driven by higher margins

* Company returns $442 mln to shareholders, reflecting 64% payout ratio

Outlook

* Corebridge expects remaining transaction portions to close in Q4 2025

* Company positioned for organic growth from lower-risk baseline

* Corebridge focuses on profitable growth and strong payout ratio

Result Drivers

* PREMIUMS AND DEPOSITS - 7% decrease in premiums and deposits from prior year, attributed to strong prior period and transactional activity

* UNDERWRITING MARGIN - Improved underwriting margin driven by pricing discipline

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS -$1.2

Q2 Net -$660

Income mln

Q2 $0.24

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the life & health insurance peer group is "buy"

* Wall Street's median 12-month price target for Corebridge Financial Inc ( CRBG ) is $40.00, about 13.8% above its August 1 closing price of $34.48

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)