Corebridge Financial

The stock climbed to a new 52-week high of $34.87 and is currently trading at $34.95, after a nearly 50% rise over the past six months. InvestingPro still rates the stock as relatively overvalued despite the momentum, but highlights share buybacks and strong momentum. Corebridge disclosed details about the merger with Equitable Holdings in an 8‑K filed with the SEC and released Q2 numbers: adjusted EPS $1.12 (in line with expectations), revenue $4.3 billion (below expectations). Investors focused on the robust earnings and the merger plans despite the revenue miss. » More on de.investing.com

At the KBW Insurance Conference, Corebridge said the planned merger with Equitable targets scale effects in retirement and asset management and aims to expand distribution and earnings power. Management expects the combined company to have more than 10 million customers, operating earnings of about $5 billion, cash flows of about $4 billion, a return on equity of 15%, and a market capitalization above $30 billion. Savings of around $500 million plus capital and tax benefits are expected to boost earnings per share by more than 10%, while revenue opportunities were cited from asset transfers to AllianceBernstein and cross-selling. Regulatory approvals and shareholder votes are underway; closing is still targeted for the end of 2026, and integration efforts and systems consolidation are expected to extend over several years. » More on de.investing.com

Corebridge Financial filed an 8‑K with the SEC containing audited consolidated financial statements of Equitable as well as unaudited interim statements and condensed pro‑forma combined financial information for the proposed merger. The filing relates to periods through June 30, 2026 and will be included in a registration statement and prospectus. Corebridge also reported Q2 results with adjusted earnings of $1.12 per share (meeting market expectations) and revenues of $4.3 billion (below forecast); investor reactions remained positive given strong operating results and the planned merger. » More on de.investing.com