Report: Equitable and Corebridge Negotiating to Form $22 Billion Life Insurance Powerhouse - FT
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy CRBG?
Source: moomoo
- Partnership Announcement: Equitable and Corebridge are in discussions to create a $22 billion life insurance joint venture.
- Strategic Goals: The collaboration aims to enhance product offerings and expand market reach in the life insurance sector.
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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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- Legal Service Commitment: The firm commits to providing legal services on a contingency fee basis, ensuring affected investors can seek legal remedies without upfront financial burdens.
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- Business Focus: The new entity will focus on retirement, insurance, and asset management services.
- Customer Base: The merger aims to serve over 12 million customers.
- Asset Management: The combined company will oversee approximately $1.5 trillion in assets.
See More
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- Merger Announcement: The company revealed a $22 billion all-stock merger with Equitable.
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