- Corebridge Financial’s Operating EPS for Q2 was $1.13, surpassing the estimate of $1.08.
- Adjusted revenue for the quarter was $4.18 billion, falling short of the estimate of $5.64 billion.
- Premiums earned amounted to $547 million, compared to the estimated $1.96 billion.
- Net income reported was $365 million, lower than the projected $638.1 million.
- Adjusted operating income reached $692 million.
- The company highlighted having achieved $11.7 billion in premiums and deposits, marking the highest level in over a decade.
- This strong performance was credited to high customer demand and a diverse product range coupled with a broad distribution platform.
- Analyst Ratings: Corebridge Financial has 9 buy ratings, 5 hold ratings, and 0 sell ratings.
A look at Corebridge Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Corebridge Financial shows a promising long-term outlook based on the Smartkarma Smart Scores. The company scores high in both value and dividend factors, indicating strong potential for growth and attractive returns for investors. With a solid momentum score, Corebridge Financial seems to be on a positive trajectory, supported by its focus on retirement solutions and insurance products. However, the growth and resilience scores are moderate, suggesting some room for improvement in these areas. Overall, Corebridge Financial’s overall outlook appears favorable, with strengths in value, dividends, and momentum.
Corebridge Financial, Inc. operates as a life and annuity company, providing retirement solutions and insurance products to customers globally. The company’s strong scores in value and dividend, along with a solid momentum score, position it well for future growth and profitability. While growth and resilience scores could be higher, Corebridge Financial’s focus on delivering retirement solutions and insurance products highlights its commitment to meeting the needs of its customer base. Investors may want to keep an eye on this company as it continues to navigate the financial services industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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