Corebridge Financial Q1 net loss narrows to $53 million; operating EPS rises to $1.05
Corebridge Financial reported a first-quarter 2026 net loss of $53 million, or $0.11 per share, down from a $664 million loss a year earlier, mainly due to realized gains on Fortitude Re funds withheld derivatives. Adjusted pre-tax operating income fell 11% to $629 million and premiums and deposits fell 10% to $8.0 billion, while the company returned $1.4 billion to shareholders, including $1.3 billion of share repurchases. The company also said its merger with Equitable is progressing and it declared a $0.25 quarterly dividend.
Key points
- Net loss of $53 million ($0.11 per share) versus a loss of $664 million ($1.19 per share) in Q1 2025
- Operating EPS of $1.05, up from $1.02; adjusted pre-tax operating income of $629 million, down 11%
- Premiums and deposits of $8.0 billion, down 10% from the prior year quarter
- Returned $1.4 billion to shareholders in the quarter; dividend of $0.25 per share payable June 30, 2026
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.