AIG net income surges to $1.19bn in Q1 2024 [Yahoo! Finance]
Corebridge Financial Inc. (CRBG)
Company Research
Source: Yahoo! Finance
This rise was primarily driven by net realised gains on Fortitude Re funds withheld embedded derivative, contrasting with net realised losses in the prior year quarter. The general insurance segment of AIG recorded an adjusted pre-tax income (APTI) of $1.36bn versus $1.25bn a year earlier. The life and retirement unit of the company posted APTI of $991m for the quarter as against $886 last year. AIG reported a 24% slump in gross premiums written in the general insurance segment, which fell to $9.15bn from $12.91bn year on year. AIG's total net investment income for Q1 2024 was $3.9bn, an 11% increase from the $3.53bn reported in the year-ago quarter. The rise was mainly due to higher income from fixed maturity securities and loans, benefitting from increased reinvestment rates, although this was partly offset by lower alternative investment returns and reduced income on Fortitude Re funds withheld assets. AIG said it repurchased approximately 23 million shares of common s
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CRBG
News
- AIG to Divest 20% Corebridge Stake to Nippon Life for $3.8B [Yahoo! Finance]Yahoo! Finance
- Corebridge Financial, Inc. (NYSE: CRBG) had its price target raised by analysts at Wells Fargo & Company from $33.00 to $34.00. They now have an "overweight" rating on the stock.MarketBeat
- DALBAR Reveals Variable Annuity Statements that Exceed Expectations [Yahoo! Finance]Yahoo! Finance
- Corebridge Financial, Inc. (NYSE: CRBG) had its price target raised by analysts at Piper Sandler from $34.00 to $35.00. They now have an "overweight" rating on the stock.MarketBeat
- Most Americans want to live until 100, but fear they can't afford it — how to stretch your retirement savings [Yahoo! Finance]Yahoo! Finance
CRBG
Earnings
- 5/3/24 - Beat
CRBG
Sec Filings
- 5/16/24 - Form 8-K
- 5/10/24 - Form 3
- 5/3/24 - Form 3
- CRBG's page on the SEC website