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Stock impact report

AM Best Affirms Credit Ratings of Corebridge Financial Members [Yahoo! Finance]

Corebridge Financial Inc. (CRBG) 
Company Research Source: Yahoo! Finance
Credit Ratings (Long-Term ICR) of "a" (Excellent) for the members of Corebridge Financial (Corebridge). The outlook of these Credit Ratings (ratings) is stable. (Please see below for a detailed listing of the companies and ratings.) The ratings reflect Corebridge's balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management (ERM). Corebridge's risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), benefits from the large, modified coinsurance agreement with Fortitude Reinsurance Company Ltd., which reduces much of the risk from the longer-term structured settlements on the book of business. Corebridge's BCAR has remained adequate, reflecting the swings of capital gains/losses as well as dividends. The holding company, Corebridge Financial, Inc., indicates projections for leverage and coverage ratios that are within AM Best's methodology gui Show less Read more
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