Corebridge and Equitable Merge to Form $1.5 Trillion Asset Management Leader
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy CRBG?
Source: Newsfilter
- Merger Overview: Corebridge and Equitable have entered into a definitive all-stock merger agreement, valuing the combined entity at approximately $22 billion, with over $1.5 trillion in assets under management and administration, significantly enhancing market competitiveness by serving over 12 million customers.
- Financial Growth Potential: The combined company is expected to achieve over 10% accretion to earnings per share by the end of 2028, alongside projected operating earnings exceeding $5 billion, showcasing strong financial flexibility and sustainable growth capabilities.
- Significant Synergies: The merger is anticipated to deliver more than $500 million in annual run-rate expense synergies, primarily through the consolidation of functions and IT systems, further enhancing operational efficiency and cost control.
- Leadership and Governance Structure: Post-merger, the new company will operate under the Equitable brand, with Marc Costantini as CEO, and a board comprising seven directors from each company, ensuring cultural integration and synergy between the two organizations.
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Analyst Views on CRBG
Wall Street analysts forecast CRBG stock price to rise
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 22.730
Low
33.00
Averages
37.30
High
40.00
Current: 22.730
Low
33.00
Averages
37.30
High
40.00
About CRBG
Corebridge Financial, Inc. is a provider of retirement solutions and insurance products in the United States. The Company partners with financial professionals and institutions to help individuals plan, save for and achieve secure financial futures. Its Individual Retirement segment consists of fixed annuities, fixed index annuities, registered index-linked annuities and variable annuities. Its Group Retirement segment consists of recordkeeping, plan administrative and compliance services, financial planning and advisory solutions offered in-plan, along with proprietary and limited non-proprietary annuities, advisory and brokerage products offered out-of-plan. Its Life Insurance segment consists of term and universal life insurance products in the United States. Its Institutional Markets segment consists of stable value wrap (SVW) products, structured settlement and pension risk transfer (PRT) annuities, guaranteed investment contracts (GICs) and corporate markets products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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