Corebridge: Solid Q3 Results Point To Ongoing Strong Capital Returns
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Corebridge Financial reported strong Q3 results with a 32% EPS increase and $810 million in operating earnings. The company has been aggressive in capital returns, reducing share count by 8.4% and experiencing a 60% stock gain over the past year. Growth in annuity sales and AUM, especially in fixed annuities, enhances earnings predictability.
November 07, 2024 | 1:30 am
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Corebridge Financial's Q3 results show a 32% EPS increase and $810 million in operating earnings. The company has reduced its share count by 8.4% through aggressive buybacks, contributing to a 60% stock gain over the past year. Growth in annuity sales and AUM, particularly in fixed annuities, enhances earnings predictability.
Corebridge Financial's strong Q3 earnings report, with a significant EPS increase and operating earnings, indicates robust financial health. The company's aggressive share buybacks have reduced share count, enhancing shareholder value and contributing to a substantial stock price increase. Growth in annuity sales and AUM further supports earnings stability, making the stock attractive to investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100