Corebridge Financial Reports Strong Q4 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/CRBG'>Corebridge Financial, Inc. (NYSE:CRBG)</a> reported its Q4 results on Friday, with EPS of $0.88 coming in better than the Street estimate of $0.69. Revenue was $8.69 billion, beating the Street estimate of $5.26 billion.</p>
<p>Rising new money yields are benefitting the company’s spread-based businesses and it is expected that positive impacts to become increasingly evident in 2023. The cost savings program is coming together and we should see benefits beginning in 2023. </p>
<p>The company could initiate its share buyback program beginning in Q2/23 (a dividend was already instated last year). </p>

NYSE:CRBG