Corebridge Financial

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

Corebridge reported adjusted EPS of $1.12 for Q2, meeting the analyst consensus, while revenue of $4.3 billion missed expectations of $4.75 billion. The stock rose about 6.7% in after-hours trading to $33.72 as investors focused on stronger operating results, steady capital returns and merger expectations. The company returned $412 million to shareholders (including $300 million in buybacks), confirmed its full-year guidance for net investment income and expects weaker variable investment returns through the end of 2026; additional share buybacks of roughly $350 million are planned for H2. » More on de.investing.com

Shareholders of Corebridge and Equitable voted by large majorities at special meetings to approve the announced merger (preliminary approvals: Corebridge ~99.96% of votes cast; Equitable ~97.24%). Marc Costantini will be CEO of the combined company, and Mark Pearson will become executive chair. The merged firm is expected to serve over 12 million customers and anticipates closing the transaction by the end of 2026, subject to regulatory approvals and customary closing conditions. » More on de.investing.com