NYSE$CRBG
Corebridge Financial Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Corebridge Financial posted strong Q4 2024 results with a significant turnaround in net income, reaching $2.17 billion from a prior-year loss. Adjusted pre-tax operating income increased by 7.07% year-over-year, while adjusted EPS rose by 18.27%. The company benefited from higher fee income, improved underwriting margins, and disciplined expense management.
Headline financials
Revenue & EPS history
Corebridge · Revenue · Quarterly
$7.03B
Revenue by segment
Corebridge · $4.07B total across 4 segments · Q3 2023
- Individual Retirement$1.56B+19.2%38.3%
- Life Insurance$1.16B+3.0%28.6%
- Group Retirement$690M+1.9%17.0%
- Institutional Markets$656M-40.9%16.1%
Forward guidance
Corebridge Financial expects continued earnings growth supported by cost efficiencies, balance sheet optimization, and favorable market trends in fixed annuities. The company remains focused on capital returns and expanding its investment portfolio.
Tailwinds
- Increased dividend to $0.24 per share, reflecting financial strength.
- Expanded share repurchase authorization by $2 billion.
- Higher deposits in guaranteed investment contracts supporting growth.
- Strong balance sheet with $2.2 billion in liquidity.
- Operational improvements and expense efficiencies driving profitability.
Headwinds
- Decline in Group Retirement segment due to lower out-of-plan annuity deposits.
- Lower fixed annuity deposits affecting Individual Retirement growth.
- Potential impact of macroeconomic uncertainties on investment returns.
- Higher interest expenses due to debt pre-funding for 2025 maturities.
- Market volatility may influence underwriting margins and investment performance.
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 Q4 2024
-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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro