CRBG Earnings Prediction
The chart below shows how CRBG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CRBG sees a -1.63% change in stock price 10 days leading up to the earnings, and a -0.92% change 10 days following the report. On the earnings day itself, the stock moves by +0.23%. This data can give you a slight idea of what to expect for the next quarter's release.
CRBG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.62B
-52.48%
-29.49%
Gross Margin
--
--
--
Operating Margin
-29.40%
-174.28%
-322.22%
Net Margin
-45.37%
-220.73%
-593.69%
EPS
-2.02
-161.59%
-436.67%
No Data Available
CRBG Earnings Analysis
Corebridge Financial, Inc. Corporation (CRBG.N) Earnings Conference Call
Positive
Operating Earnings Surge: 1. Strong Operating Earnings Growth: Corebridge Financial reported operating earnings per share of $1.38, marking a 31% increase year-over-year, demonstrating robust financial performance.
Shareholder Capital Return: 2. Significant Capital Return: The company returned a total of $848 million to shareholders in the third quarter, contributing to a year-to-date total of $1.8 billion, reflecting a strong commitment to shareholder value.
Retirement Segment Surge: 3. Impressive Individual Retirement Growth: Premiums and deposits in the Individual Retirement segment surged by 40% year-over-year to $5.5 billion, showcasing strong demand for retirement products.
Life Insurance Sales Surge: 4. Life Insurance Sales Outperformance: Life Insurance sales grew by 14% year-over-year, continuing to outpace industry growth for eight consecutive quarters, driven by a modern approach to new business.
Institutional Markets Growth: 5. Strong Institutional Markets Performance: Adjusted pretax operating income in Institutional Markets increased by 50% year-over-year, supported by a 20% growth in reserves, indicating strong business momentum.
Negative
Base Spread Income Decline: 1. Decline in Base Spread Income: Base spread income improved only 1% year-over-year but declined 3% sequentially, indicating pressure on earnings from floating rate exposures and elevated prepayments on higher-yielding assets.
Alternative Investment Performance Decline: 2. Lower Alternative Investment Returns: Annualized alternative investment returns were approximately 7% in the quarter, falling short of the long-term expectation of 8% to 9%, reflecting a mark-to-market loss from one investment in the hedge fund portfolio.
Operating Expenses Analysis: 3. Increased Operating Expenses: General operating expenses for insurance businesses and the parent company were favorable by only 3% year-over-year, suggesting limited cost management effectiveness amid rising operational demands.
Retirement Earnings Pressure: 4. Pressure on Individual Retirement Earnings: Although individual retirement adjusted pretax operating income grew by only 5% year-over-year, the company anticipates short-term pressure on spread income due to potential rate cuts and market conditions.
Limited Earnings Impact: 5. Limited Impact from Recaptured Business: The recaptured business decision is expected to have limited impact on run rate earnings, indicating potential volatility and uncertainty in future earnings from this segment.
CRBG FAQs
How does CRBG typically perform around its earnings report dates?
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CRBG Earning Call Sentiment
Corebridge Financial, Inc. (CRBG) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CRBG.N
1.28%Positive
The earnings call summary indicates strong financial performance with a 31% increase in EPS and significant shareholder returns. Despite some uncertainties in the Q&A, such as unclear guidance on RILA contributions, the overall sentiment remains positive due to robust sales growth, expense efficiencies, and strategic initiatives like the Bermuda strategy. Furthermore, the company's proactive approach to financial flexibility and capital distribution plans supports a positive outlook for the stock price over the next two weeks.