Corebridge Financial, Inc. Company Research Report

Company Overview

• Name: Corebridge Financial, Inc.

• Mission: Corebridge Financial is committed to helping individuals plan, save for, and achieve secure financial futures. The company empowers people to reach their financial goals through an expansive portfolio of retirement solutions and insurance products.

• Founded: 2022 as a result of an initial public offering of AIG's Life & Retirement business.

• Key People:

• Kevin Hogan: Chief Executive Officer

• John Byrne: President of Financial Distributors

• Doug Caldwell: Chief Risk Officer

• Liz Cropper: Chief Human Resources Officer

• Dave Ditillo: Chief Information Officer

• Terri Fiedler: President of Retirement Services

• Eilas Habayeb: Chief Financial Officer

• Tim Heslin: President of Life Insurance

• Yarmon Kennedy: Chief Data Officer

• Lisa Longino: Chief Investment Officer

• Amber Miller: Chief Auditor

• Chris Nixon: General Counsel

• Jonathan Novak: President of Institutional Markets

• Betsy Palmer: Chief Marketing and Communications Officer

• Bryan Pinsky: President of Individual Retirement

• Chris Smith: Chief Operating Officer

• Headquarters: No information is available.

• Number of Employees: No information is available.

• Revenue: No information is available.

• What is the Company Known For: Corebridge Financial is one of the largest providers of retirement solutions and insurance products in the United States, known for its innovative retirement and insurance products.

Products

Corebridge Financial offers a broad suite of products across four major business divisions:

• Individual Retirement:

• American Pathway® Income Annuities: Provides predictable, guaranteed income now or in the future with single premium immediate annuities (SPIAs) or deferred income annuities (DIAs).

• Assured Edge® Fixed Annuities: Offers guaranteed fixed rates of return and lifetime income protection features.

• Power Series of Index Annuities®: Combines growth potential with principal protection tied to market indices.

• Corebridge MarketLock® Annuity: A registered index-linked annuity providing growth opportunities tied to equity index performance with downside protection.

• Polaris® Variable Annuities: Offers market participation through managed investment portfolios with features for protected lifetime income.

• Life Insurance:

• Term Life Insurance: Cost-effective insurance with customizable coverage and term lengths.

• Permanent Life Insurance: Provides lifelong coverage with options to build cash value tax-deferred.

• Final Expense Life Insurance: Helps cover funeral and final expenses for seniors.

• Retirement Services:

• Employer Retirement Plans: Tailored solutions for healthcare, education, nonprofit, and governmental organizations.

• Institutional Markets:

• Real Estate Equity and Debt: Investment and financing strategies for commercial and residential properties.

• Pension Risk Transfer: Provides risk management solutions for pension obligations.

• Structured Settlements: Provides guaranteed income streams for injury settlements.

• Guaranteed Investment Contracts: Offers fixed or floating interest rate returns for institutional clients.

• Stable Value Wraps and Corporate Markets: Includes solutions like Bank or Corporate-Owned Life Insurance (BOLI/COLI).

Recent Developments

• Recent Financial Results: Announced the third quarter 2024 financial results on November 4, 2024.

• New Product Launches:

• Registered Index-Linked Annuity (RILA): Launched on October 7, 2024, Corebridge became the only top 3 annuity provider with products in every major category.

• Partnerships:

• Celebrated 60 years of providing financial security to educators in partnership with Miami-Dade County Public Schools, reaffirming their stable and reliable relationship.

These strategic moves highlight Corebridge's ongoing aim to strengthen its market leader position in providing expansive retirement and insurance solutions.