Corebridge Financial

What Corebridge Financial does

Corebridge Financial, Inc. is a Houston-headquartered, NYSE-listed (CRBG) provider of life insurance and retirement solutions in the United States, spun off from AIG through a 2022 IPO. The company operates through wholly-owned subsidiaries including American General Life Insurance Company, The United States Life Insurance Company in the City of New York, and The Variable Annuity Life Insurance Company (VALIC), collectively managing over $385 billion in assets under management and administration as of December 31, 2025. Corebridge generates revenue through five primary streams: annuity products (fixed, index, variable, and registered index-linked), life insurance premiums (term, permanent, and final expense), asset management fees, employer retirement plan administration (primarily 403(b) and 457(b) plans for educational institutions and non-profits), and institutional markets (pension risk transfer and reinsurance).

The company distributes products through an extensive multi-channel network including licensed financial professionals served by the Connext advisor portal, employer plan sponsors, institutional sales teams, digital self-service platforms, and exclusive distribution partners such as Market Synergy Group. Technology infrastructure consists of customer-facing portals for annuities, life insurance, and retirement accounts, the SponsorFIT plan sponsor portal, and advisor support tools, complemented by research-based decumulation planning resources. Record FY2025 total premiums and deposits of $41.7B (+4% YoY) reflect strong momentum across the annuity franchise, with variable annuity reinsurance arrangements (including a $2.8B Venerable transaction in January 2026) reshaping the in-force risk profile.

The firm is undergoing a transformational merger with Equitable Holdings announced in March 2026 (~$22B all-stock, expected to close by end 2026), which will create a combined entity with approximately $1.5 trillion in AUMA serving over 12 million customers, targeting $500M in annual pre-tax expense synergies by 2028. Nippon Life Insurance Company holds an approximately 20% ownership stake following AIG's full exit, and AllianceBernstein will manage at least $100B of the combined general account post-merger.

Name

Corebridge Financial

Legal name

Corebridge Financial, Inc.

Website

https://corebridgefinancial.com

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Corebridge Financial is a US-based provider of life insurance and retirement solutions, offering annuities, life insurance, employer retirement plans, and institutional markets products through wholly-owned subsidiaries managing over $385B in AUMA and serving 12 million+ customers.

Ownership category

akta.pro rank

Product category

Life Insurance and Retirement Solutions

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411), Portfolio Management and Investment Advice (523940)

SIC

Life Insurance (6311)

akta.pro primary industry

Retirement Income Planning & Decumulation Advisory (FSAEABAD)

akta.pro secondary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

Keywords

• Retirement solutions
• Annuity products
• Life insurance
• Employer retirement plans
• Institutional markets

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Annuity Products: Revenue from fixed annuities, index annuities, variable annuities, and registered index-linked annuities (RILAs) that provide guaranteed income streams and wealth accumulation
2. Life Insurance Premiums: Revenue from term life, permanent life, and final expense whole life insurance products
3. Asset Management Fees: Fees from managing retirement plan assets and institutional investment portfolios under administration
4. Retirement Plan Administration: Fees from administering employer-sponsored retirement plans including 403(b) and 457(b) plans for educational institutions and non-profit organizations
5. Institutional Markets: Revenue from pension risk transfer business, institutional investment products, and reinsurance arrangements

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Corebridge Financial is a leading U.S. provider of retirement solutions and insurance products, offering a comprehensive portfolio that includes fixed, indexed, variable, and registered index-linked annuities; term, permanent, and final expense life insurance; employer-sponsored 403(b) and 457(b) retirement plans; and institutional markets solutions such as pension risk transfer and reinsurance. The company distributes these products through licensed financial professionals, employer plans, institutional clients, and digital self-service platforms, managing over $385 billion in assets under management and administration.

Product overview

Corebridge Financial is one of the largest and most established life insurance and retirement solutions providers in the United States, offering a comprehensive suite of products through a platform-plus-modules architecture. The core offerings include annuities (Registered Index-Linked, Fixed, Index, and Variable), life insurance (Term, Permanent, and Final Expense), and employer retirement plans (403(b) and 457(b)). Additional modules include Institutional Markets for pension risk transfer and corporate solutions, Individual Retirement products, and Wealth Management services. The company manages over $385 billion in assets under management and administration as of December 31, 2025, and serves individuals, employers, financial professionals, and plan participants across the United States.

Differentiator

Problem solved

Functional benefit

Products and services

• Registered Index-Linked Annuity An annuity product that offers growth potential tied to the performance of an index, providing downside protection while allowing participation in market gains. Designed for individual consumers seeking retirement income with market-linked growth and principal protection features.
• Fixed Annuities Annuity products that provide a guaranteed fixed interest rate, offering stable, predictable returns for retirement savings accumulation. Designed for individual consumers seeking low-risk retirement income and principal protection.
• Index Annuities Annuity products that earn returns based on the performance of a market index, combining features of both fixed and variable annuities. Designed for individual consumers seeking equity-market-linked growth with downside protection.
• Variable Annuities Annuity products where contract value fluctuates based on the investment performance of underlying sub-accounts, offering growth potential with associated market risk. Designed for individual consumers comfortable with market risk seeking retirement growth.
• Term Life Insurance Life insurance coverage for a specified term length, providing death benefit protection at affordable premiums for temporary needs. Designed for individual consumers seeking affordable, time-limited coverage.
• Permanent Life Insurance Life insurance coverage that remains in force for the insured's lifetime, featuring cash value accumulation and lifetime death benefit protection. Designed for individual consumers seeking permanent coverage with cash value growth.
• Final Expense Life Insurance Simplified whole life insurance designed to cover end-of-life expenses such as funeral costs and medical bills. Designed for individual consumers and seniors seeking affordable coverage for end-of-life costs.
• Employer Retirement Plans Comprehensive retirement plan solutions for employers including 403(b) and 457(b) plans, with features for employee financial wellness, investment solutions, and participant digital experience. Designed for educational institutions, non-profits, and other employers sponsoring employee retirement plans.
• Institutional Markets Solutions Solutions for organizations to build financial resilience and support institutional goals, including pension risk transfer and institutional investment products. Designed for large corporations, pension plan sponsors, and institutional clients.
• Power Select Index Annuities Index annuity products that provide exposure to technology stocks and cryptocurrency through the Invesco New Economy Index, issued by American General Life Insurance Company. Designed for individual consumers seeking growth linked to technology and digital asset indices, distributed exclusively through Market Synergy Group.
• Individual Retirement Retirement savings and income products for individuals including annuities designed to help secure financial futures. Bundles Corebridge's annuity offerings for individual consumers planning retirement.
• Wealth Management Wealth management services supporting high-net-worth individuals with comprehensive financial planning and investment management.

Quantifiable outcome

• 60% of retirees have more money now than when they entered retirement, with many choosing to underspend due to fear of running out
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Baltimore City Public SchoolsminorOthers · 4 June 2026Selected as sole provider for supplemental retirement savings plans, consolidating from 12 providers to one. Covers approximately 10,000 participants and roughly $500 million in plan assets across 403(b) and 457(b) retirement plans.
• Equitable HoldingscoreStrategic or Co-development Partner · 26 March 2026Announced transformational all-stock merger creating a combined entity valued at approximately $22 billion. Expected to close by end of 2026. Corebridge shareholders will own approximately 51% and Equitable shareholders 49% of combined company. Target of $500 million in annual pre-tax expense synergies by end of 2028.
• AllianceBernstein (AB)coreStrategic or Co-development Partner · 26 March 2026Following Corebridge-Equitable merger, AllianceBernstein (68% owned by Equitable) will manage at least $100 billion of the combined entity's general account assets. Combined general account asset base projected to exceed $350 billion.
• Market Synergy GroupcoreChannel Partner/ Reseller/ Distributor · 26 January 2026Exclusive distribution partner for Power Select Index Annuities including products with Invesco New Economy Index offering exposure to Nasdaq-100 technology stocks and spot bitcoin.
• Venerable HoldingscoreStrategic or Co-development Partner · 5 January 2026Completed variable annuity reinsurance transaction valued at $2.8 billion, including reinsurance of all Individual Retirement variable annuities from Corebridge subsidiaries and sale of related investment adviser SAAMCo. Generated approximately $2.1 billion of net proceeds after tax.

Scale indicators11 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Prudential Financial: US-based life insurance and retirement leader offering annuities, life insurance, group retirement, and asset management products through individual and institutional channels, directly competing with Corebridge across individual retirement and pension risk transfer.
• MetLife: Global life insurance and retirement provider with a US-focused group benefits and retirement business that overlaps with Corebridge's employer retirement plans, annuities, and institutional markets franchises.
• Lincoln National: Major US provider of variable annuities, fixed/indexed annuities, life insurance, and employer retirement plans, with overlapping product mix and distribution model that makes it a direct Corebridge competitor in individual retirement.
• Jackson Financial: Pure-play US annuity and retirement specialist built from the former Jackson National Life block, directly competing with Corebridge in variable and registered index-linked annuities distributed through independent advisors.
• Brighthouse Financial: US annuity and life insurance carrier spun off from MetLife, with comparable product lineup (variable, fixed, indexed annuities, life insurance) and institutional pension risk transfer business that competes head-to-head with Corebridge.
• Equitable Holdings: Corebridge's announced merger partner, with overlapping individual retirement, group retirement, and wealth management offerings, AllianceBernstein asset management linkage, and similar advisor distribution model.
• Athene Holding: Leading US retirement services company owned by Apollo, specializing in fixed and indexed annuities and reinsurance, with a comparable capital-light strategy and significant pension risk transfer presence.
• Global Atlantic Financial Group: KKR-owned annuity and reinsurance platform with mid-market pension risk transfer and individual retirement business, offering similar spread-based retirement income products to Corebridge's Individual Retirement and Institutional Markets segments.
• Nationwide Financial: US mutual holding company offering individual annuities, retirement plans, life insurance, and institutional pension solutions, competing with Corebridge across multiple distribution channels and customer segments.
• New York Life: Large US mutual life insurer with a significant retirement income and pension risk transfer franchise, competing directly with Corebridge in institutional markets and individual retirement income products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/corebridgefin
• LinkedInlinkedin.com/company/corebridgefinancial

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 records

Subsidiaries3 records

Funding overview

Funding rounds10 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Corebridge Financial