- Corebridge Financial’s fourth-quarter operating EPS was $1.23, beating the estimate of $1.20.
- The company reported adjusted revenue of $5.02 billion, which was below the estimated $5.79 billion.
- Premiums earned were $1.14 billion, missing the estimate of $2.08 billion.
- Policy fees amounted to $738 million, slightly below the estimate of $740.5 million.
- Net income was significantly higher than expected, coming in at $2.17 billion against a $658.5 million estimate.
- Adjusted operating income was $701 million.
- The company’s success was attributed to organic growth, balance sheet optimization, expense efficiencies, and active capital management.
- The Board of Directors has increased the share repurchase authorization by $2 billion and raised the quarterly dividend to $0.24 per share, signaling confidence in the company’s financial health and value proposition.
- The company sees future growth potential supported by strategic strengths and favorable market conditions.
- Current market sentiment includes 13 buy ratings, 3 hold ratings, and no sell ratings.
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A look at Corebridge Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Corebridge Financial, Inc. is a life and annuity company that provides retirement solutions and insurance products to customers globally. According to the Smartkarma Smart Scores, the company has received positive ratings in key areas. In terms of value and dividend, Corebridge Financial scores a solid 4 out of 5, indicating strong performance in these areas. This suggests that the company is financially sound and offers attractive returns to investors.
However, the company’s growth and resilience scores are rated lower at 2 out of 5, while momentum scores a respectable 4. This indicates that Corebridge Financial may face challenges in terms of growth and resilience, but continues to show positive momentum. Investors should consider these factors when evaluating the long-term outlook for Corebridge Financial, balancing its strengths in value and dividend with potential concerns in growth and resilience.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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