Financial Comparison: Corebridge Financial (CRBG) and Its Peers

Corebridge Financial (NYSE:CRBG) is one of 42 public companies in the “Life insurance” industry, but how does it compare to its peers? We will compare Corebridge Financial to related companies based on the strength of its institutional ownership, valuation, dividends, risk, profitability, analyst recommendations and earnings.

Institutional and Insider Ownership

34.2% of Corebridge Financial shares are held by institutional investors. Comparatively, 53.0% of shares of all “Life insurance” companies are held by institutional investors. 0.1% of Corebridge Financial shares are held by insiders. Comparatively, 15.0% of shares of all “Life insurance” companies are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Earnings and Valuation

This table compares Corebridge Financial and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Corebridge Financial	$18.02 billion	$8.15 billion	5.48
Corebridge Financial Competitors	$20.53 billion	$1.15 billion	17.84

Corebridge Financial’s peers have higher revenue, but lower earnings than Corebridge Financial. Corebridge Financial is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Dividends

Corebridge Financial pays an annual dividend of $0.92 per share and has a dividend yield of 5.2%. Corebridge Financial pays out 28.4% of its earnings in the form of a dividend. As a group, “Life insurance” companies pay a dividend yield of 1.7% and pay out 33.3% of their earnings in the form of a dividend. Corebridge Financial is clearly a better dividend stock than its peers, given its higher yield and lower payout ratio.

Analyst Ratings

This is a summary of recent ratings and target prices for Corebridge Financial and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Corebridge Financial	0	4	9	0	2.69
Corebridge Financial Competitors	338	2026	1842	71	2.38

Corebridge Financial currently has a consensus target price of $24.17, indicating a potential upside of 36.11%. As a group, “Life insurance” companies have a potential upside of 62.20%. Given Corebridge Financial’s peers higher possible upside, analysts plainly believe Corebridge Financial has less favorable growth aspects than its peers.

Profitability

This table compares Corebridge Financial and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Corebridge Financial	9.99%	21.70%	0.62%
Corebridge Financial Competitors	5.13%	10.13%	0.94%

About Corebridge Financial

Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States. It operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments. The Individual Retirement segment provides fixed annuities, fixed index annuities, variable annuities and retail mutual funds. The Group Retirement segment offers record-keeping services, plan administration and compliance services, and financial planning and advisory solutions to employer-defined contribution plans and their participants, as well as proprietary and non-proprietary annuities, advisory services, and brokerage products. The Life Insurance segment offers term life and universal life insurance in the United States, as well as issues individual life, whole life, and group life insurance in the United Kingdom; and distributes medical insurance in Ireland. The Institutional Markets segment provides stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank owned life insurance, private placement variable universal life and annuities products, and guaranteed investment contracts. The company was formerly known as SAFG Retirement Services, Inc. The company was incorporated in 1998 and is headquartered in Houston, Texas. Corebridge Financial, Inc. operates as a subsidiary of American International Group, Inc.