Corebridge Financial reports Q2 2026 adjusted pre-tax operating income of $664 million, down 21% year-over-year
Corebridge Financial reported second quarter 2026 adjusted pre-tax operating income of $664 million, a 21% decrease from the prior year quarter, driven by underperforming variable investment income. Run-rate operating earnings per share rose 16% to $1.35 after adjusting for long-term alternative investment returns, while core sources of income grew 5% to $1.6 billion. The company returned $412 million to shareholders, including $300 million in share repurchases, and confirmed it is on track to meet full-year 2026 objectives ahead of its planned merger with Equitable Holdings, which shareholders approved on July 30. Management expects the combined entity to achieve $5 billion in earnings and $4 billion in cash generation by 2027, with $500 million in annual cost synergies within two years of closing.
The Motley Fool·15dRead more ▾
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AIG Reports Second Quarter Adjusted EPS of $2.00, Up 10%
American International Group reported second quarter 2026 adjusted after-tax income per diluted share of $2.00, a 10% increase from the prior year quarter. General Insurance net premiums written rose 9% to $7.5 billion, with growth across all three business segments, and underwriting income increased 10% to $686 million. The General Insurance combined ratio improved 30 basis points to 89.0%, and the accident year combined ratio, as adjusted, also improved 30 basis points to 88.1%. AIG returned $904 million to shareholders through $641 million in share repurchases and $263 million in dividends, and sold its remaining interest in Corebridge for approximately $710 million.
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Equitable Holdings Posts Record AUMA and 24% EPS Growth in Q2 2026
Equitable Holdings reported second-quarter 2026 non-GAAP operating earnings of $1.75 per share, a 24% year-over-year increase, while assets under management and administration reached a record $1.2 trillion, up 10% from a year ago. The company posted a net loss of $453 million driven by noneconomic hedge portfolio impacts from strong equity markets, and returned $449 million to shareholders including $366 million in share repurchases. Retirement net inflows were $1.7 billion, wealth management advisory inflows hit $2 billion, and AllianceBernstein returned to positive net inflows of $0.8 billion with private markets AUM reaching $91 billion. Equitable also announced the sale of its Employee Benefits business to The Hartford and remains on track to close its merger with Corebridge by year-end 2026, a deal expected to be at least 10% accretive to earnings and cash flow per share by 2028.
GuruFocus·21dRead more ▾
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Corebridge Financial declares $0.25 quarterly dividend
Corebridge Financial declared a quarterly dividend of $0.25 per share, in line with the previous payout. The dividend carries a forward yield of 3.16% and is payable on September 30 to shareholders of record as of September 16, with the ex-dividend date also set for September 16.
Seeking Alpha·22dRead more ▾
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AllianceBernstein Reports Record Assets and Strongest Sales in Five Years
AllianceBernstein reported record assets under management above $905 billion and its strongest quarterly sales in five years during the second quarter of 2026. Adjusted earnings rose 8% to $0.82 per unit, while the operating margin expanded to 33%. Fixed income, alternatives, and insurance-related mandates drove growth, including a $9 billion Equitable passive fixed-income mandate. Private-market AUM reached $91 billion ahead of schedule and exceeded $100 billion after the subsequent onboarding of $11.8 billion in commercial mortgage loans. The firm raised its 2026 performance-fee outlook to $115 million to $135 million and lowered its non-compensation expense and tax-rate forecasts, and it expects to add at least $100 billion of Corebridge assets over time if the proposed Equitable-Corebridge combination closes.
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38% of retirees underspend due to fear of shrinking their nest egg, survey finds
A new survey finds that 38% of American retirees are spending less than they want in retirement, not because they lack money but because they fear reducing the size of their nest egg. The Corebridge Financial decumulation survey also reveals that 70% of retirees believe it is very important that their savings do not shrink, and only 29% of those aged 55 and older have a plan for how to withdraw money in retirement. Concerns about inflation, market volatility, and healthcare costs drive this spending hesitation, according to the survey, rather than a desire to leave an inheritance. Terri Fiedler, president of retirement services at Corebridge Financial, said that having a thoughtful decumulation strategy can help individuals manage complex financial decisions and feel more secure about the future.
Moneywise.com under the title·37dRead more ▾
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Halper Sadeh LLC Investigates Whether NEE, CRBG, RMAX, APGE Are Obtaining Fair Deals for Their Shareholders
Halper Sadeh LLC, an investor rights law firm, is investigating NextEra Energy, Corebridge Financial, RE/MAX Holdings, and Apogee Therapeutics for potential violations of federal securities laws or breaches of fiduciary duties to shareholders in connection with their proposed transactions. The firm is examining NextEra Energy's merger with Dominion Energy, where NextEra shareholders would own approximately 74.5% of the combined company, and Corebridge Financial's merger with Equitable Holdings, in which each Corebridge share would be exchanged for one share of the combined company and Corebridge shareholders would own about 51% of the entity. Also under investigation is RE/MAX Holdings' sale to The Real Brokerage Inc. for either 5.152 shares of the combined company or $13.80 in cash per share, and Apogee Therapeutics' sale to AbbVie for $135.11 per share in cash. Halper Sadeh LLC may seek increased consideration, additional disclosures, or other relief on behalf of shareholders, and encourages them to contact the firm to discuss their rights at no cost.
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Oakmark Fund Initiates Position in Equitable Holdings, Citing Undervaluation and Corebridge Merger Potential
Oakmark Fund added Equitable Holdings as a new position in the second quarter of 2026, citing its shift toward capital-light fee businesses and the pending merger with Corebridge Financial. The fund noted that more than half of Equitable's distributable cash flow now comes from nonregulated fee segments, and it views the Corebridge deal as a merger of equals that could create a leading U.S. retirement, wealth, and asset management franchise. Oakmark initiated the stake at less than six times its estimate of 2027 distributable cash flow, a valuation it believes understates the earnings quality of the business. Equitable Holdings closed at $47.80 per share on July 13, 2026, with a market capitalization of $13.05 billion.
Insider Monkey·43dRead more ▾
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Corebridge Financial Enhances Max Accumulator+ III with New Index Strategies and Improved Cash Value Potential
Corebridge Financial announced enhancements to its Max Accumulator+ III index universal life insurance product, adding two new index crediting strategies and structural changes to improve cash value outcomes. The new strategies are the Nasdaq-100, providing exposure to technology and growth-oriented companies, and the S&P 500 High Bonus, which offers a bonus feature to support accumulation in varying market conditions. With these additions, Max Accumulator+ III now offers five index crediting strategies, giving customers greater diversification and more choice in how they build policy value over time. The product also includes built-in protections from market loss and optional living benefits such as a guaranteed lifetime income rider and coverage for chronic illness expenses. Corebridge Financial, which had over $380 billion in assets under management and administration as of March 31, 2026, is one of the largest providers of retirement solutions and insurance products in the United States.
Business Wire·58dRead more ▾
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F&G Annuities & Life favored over Corebridge Financial for 2026
The Motley Fool compared Corebridge Financial and F&G Annuities & Life, concluding that F&G is the better buy for 2026 despite its higher forward price-to-earnings ratio of 7.2 times versus Corebridge's 5.7 times. F&G's advantages include a lower debt-to-equity ratio of roughly 0.5 times, nearly $4.7 billion in free cash flow, and a 3.7% dividend yield, compared to Corebridge's 0.8 times debt-to-equity, nearly $2.0 billion in free cash flow, and 3.5% yield. Corebridge manages nearly $385 billion in assets and reported a net loss of approximately $366 million on nearly $20 billion in revenue in fiscal 2025, while F&G manages approximately $57.6 billion in assets and posted net income of about $265.0 million on nearly $5.7 billion in revenue. F&G also benefits from a roughly 70% ownership stake by Fidelity National Financial, providing managerial stability.
The Motley Fool·58dRead more ▾
Corebridge Financial Research Finds Only 28% of Americans Are Comfortable Spending Retirement Savings
New research from Corebridge Financial reveals that only 28% of workers and retirees are psychologically comfortable spending their retirement savings. Terri Fiedler, President of Retirement Services at Corebridge Financial, and personal finance expert Jean Chatzky discussed the findings in a satellite media tour, highlighting that six in ten people associate retirement with freedom and enjoyment, yet only a quarter feel comfortable seeing their account balances decline. Nearly 40% of retirees say they have not spent as much as they would have liked because they are trying to preserve their balances, and 70% say it is very important their nest egg does not shrink. Fiedler and Chatzky emphasized that creating a personalized decumulation plan can boost confidence, with those who have a plan being five times more likely to find drawing down savings empowering. The research also found that 47% of respondents would prefer $60,000 per year guaranteed for life over a $1 million lump sum at age 65.
GlobeNewswire·70dRead more ▾