Corebridge Financial: Anticipating Q3 2024 Financial Results
Generated by AI AgentAinvest Technical Radar
Tuesday, Oct 8, 2024 4:31 pm ET1min read
CRBG--
Corebridge Financial, Inc. (NYSE: CRBG) has announced that it will report its third-quarter 2024 financial results after the market closes on Monday, November 4, 2024. The earnings materials will be available on the company's website, and a conference call will be held on Tuesday, November 5, 2024, at 11:00 a.m. EST to review these results.
In the second quarter of 2024, Corebridge reported net income of $365 million, or $0.59 per share, and adjusted after-tax operating income of $692 million, with operating EPS of $1.13. The company's premiums and deposits reached $11.7 billion, reflecting strong customer demand and growth in fixed annuity products. Net investment income increased to $2.9 billion, driven by higher base portfolio income.
As we look ahead to the third quarter of 2024, investors can expect continued growth in Corebridge's aggregate core sources of income and expense efficiencies. The company's diversified business model and strong balance sheet position it well to deliver positive results. Premiums and deposits are likely to remain robust, with fixed annuity growth continuing to be a key driver.
In terms of net investment income, Corebridge is expected to maintain its momentum, with base portfolio income continuing to grow. Variable investment income may face some headwinds, but the overall impact on net investment income should be positive.
Corebridge's holding company liquidity is expected to remain strong, with a financial leverage ratio that continues to be well-managed. The company's commitment to returning capital to shareholders through share repurchases and dividends is likely to continue, further enhancing shareholder value.
In conclusion, Corebridge Financial's third-quarter 2024 financial results are anticipated to reflect the company's strong fundamentals and continued growth. Investors should pay close attention to the company's earnings call and financial materials for a more detailed analysis of its performance and future prospects.
In the second quarter of 2024, Corebridge reported net income of $365 million, or $0.59 per share, and adjusted after-tax operating income of $692 million, with operating EPS of $1.13. The company's premiums and deposits reached $11.7 billion, reflecting strong customer demand and growth in fixed annuity products. Net investment income increased to $2.9 billion, driven by higher base portfolio income.
As we look ahead to the third quarter of 2024, investors can expect continued growth in Corebridge's aggregate core sources of income and expense efficiencies. The company's diversified business model and strong balance sheet position it well to deliver positive results. Premiums and deposits are likely to remain robust, with fixed annuity growth continuing to be a key driver.
In terms of net investment income, Corebridge is expected to maintain its momentum, with base portfolio income continuing to grow. Variable investment income may face some headwinds, but the overall impact on net investment income should be positive.
Corebridge's holding company liquidity is expected to remain strong, with a financial leverage ratio that continues to be well-managed. The company's commitment to returning capital to shareholders through share repurchases and dividends is likely to continue, further enhancing shareholder value.
In conclusion, Corebridge Financial's third-quarter 2024 financial results are anticipated to reflect the company's strong fundamentals and continued growth. Investors should pay close attention to the company's earnings call and financial materials for a more detailed analysis of its performance and future prospects.
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