Corebridge Financial, Inc.CRBG

$29.18-0.16 (-0.55%)
NYSEFinancial Services24:00 UTC

Company snapshot

Market Cap
$14B
Large-cap
-6%
2022 — today
10-Year Price
+28%
2022 — today
52-Week Range
$22.30$35.94
Current $29.18· 50%

Corebridge Financial, Inc. is a prominent financial services company primarily operating within the United States, dedicated to offering a broad spectrum of retirement and insurance solutions. Its business operations are strategically organized across four key segments: Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets. Within the Individual Retirement division, customers can access a variety of offerings, including fixed, fixed-indexed, and variable annuities, alongside retail mutual funds. The Group Retirement segment caters to employer-sponsored defined contribution plans and their participants, providing essential services such as record-keeping, plan administration, and compliance management. Additionally, it furnishes financial planning and advisory solutions, complemented by a selection of proprietary and third-party annuities, advisory services, and brokerage products. Globally, the Life Insurance segment extends its reach. In the United States, it underwrites term and universal life policies. Its operations also encompass the United Kingdom, where it issues individual, whole, and group life insurance, and Ireland, where it distributes medical insurance. Finally, the Institutional Markets segment serves a specialized clientele with offerings like stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank-owned life insurance, high-net-worth solutions, and guaranteed investment contracts. Incorporated in 1998, the company was previously known as SAFG Retirement Services, Inc. Its corporate headquarters are situated in Houston, Texas. Corebridge Financial operates as a subsidiary under the umbrella of American International Group, Inc.

Valuation in context

P/E ratio
53.1
Near historic high
Near historic highs — last 10 years
P/B ratio
1.2
Below average
Below the 10-year average
EV / EBITDA
15.4
Above average
Pricier than usual over the last 10 years
Dividend Yield
3.4%
Around average
Around the 10-year average
FCF Yield
11.9%
Below average
Below the 10-year average
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