NYSE$CRBG
Corebridge Financial Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Corebridge's initial public offering marked a significant milestone, with Q3 results showcasing robust sales and deposit flows across all businesses.
Corebridge Financial reported its Q3 2022 earnings, marking its first quarterly report since its IPO. The company saw a net income of $2.4 billion, driven by higher realized gains, offsetting lower net investment income. Premiums and deposits reached $8.8 billion, reflecting a 23% year-over-year increase.
- Completed initial public offering and began trading on the New York Stock Exchange on September 15, 2022.
- Net income per share was $3.63, compared to $2.20 per share in the prior year quarter.
- Operating EPS was $0.57, compared to $1.02 per share in the prior year quarter.
- Premiums and deposits totaled $8.8 billion, reflecting 23% year-over-year growth.
Headline financials
Revenue & EPS history
Corebridge · Revenue · Quarterly
$7.14B
Revenue by segment
Corebridge · $4.22B total across 4 segments · Q3 2022
- Individual Retirement$1.31B—31.0%
- Life Insurance$1.13B—26.7%
- Institutional Markets$1.11B—26.3%
- Group Retirement$677M—16.0%
Forward guidance
As we look to the strength of our balance sheet, the consistency of our cash flows and the diversification of our businesses and earnings sources, we are confident in our ability to return significant capital to shareholders through a combination of dividends and share repurchases.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q3 2022
-0.2%
Avg return
Earnings day
-1.2%
Avg return
5 days after
-5.7%
Avg return
30 days after
50%
8 / 16 earnings
Positive
+5.2%
Q1 2026
Best reaction
-6.9%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.2% | +1.0% | -2.3% | |
| Q4 2025 | +0.8% | -0.4% | -26.8% | |
| Q3 2025 | +1.0% | -3.2% | -2.2% | |
| Q1 2025 | +2.4% | +1.9% | +7.1% | |
| Q4 2024 | -2.3% | +3.3% | -3.0% | |
| Q3 2024 | -5.1% | -2.5% | +2.6% | |
| Q2 2024 | -6.9% | -16.3% | -0.6% | |
| Q1 2024 | +3.9% | +9.6% | +3.7% | |
| Q4 2023 | +3.2% | +3.1% | +3.4% | |
| Q3 2023 | -5.7% | -7.0% | -6.0% | |
| Q2 2023 | +0.9% | -5.3% | -7.3% | |
| Q1 2022 | -1.8% | -0.2% | +0.4% | |
| Q1 2023 | -0.8% | -2.6% | +1.0% | |
| Q2 2022 | -0.9% | +0.7% | -28.3% | |
| Q4 2022 | -1.9% | -2.2% | -24.5% | |
| Q3 2022 | +5.2% | +1.4% | -8.7% | |
| Q4 2021 | — | — | — | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — |
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