Corebridge Financial

Summary

History

Mission

Vision

References

Summary

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, high net worth products, and guaranteed investment contracts. The company was formerly known as SAFG Retirement Services, Inc. Corebridge Financial, Inc. was incorporated in 1998 and is headquartered in Houston, Texas. Corebridge Financial, Inc. operates as a subsidiary of American International Group, Inc.

History

Corebridge Financial is an American multinational financial services company. It provides annuities, life insurance, retirement solutions, and other services. Corebridge was formed after AIG performed a spin-off on the company via an IPO in 2022.

Corebridge was formed as a result of a spin-off of AIG's retirement, life insurance, and wealth management segments. In 2020, AIG announced plans to perform the spin-off with a 2022 IPO. In July 2021, the company announced that Blackstone Group would acquire 9.9% of the new unit for $2.2 billion cash. Blackstone and AIG also entered a long-term asset management agreement for about one quarter of AIG's life and retirement portfolio, set to increase in subsequent years.

Mission

We strive to deliver superior resources and support to our advisors, enabling them to deliver an exceptional level of service to their clients.

Vision

To become the premier independent broker-dealer in the United States, providing exceptional quality service and support to our advisors and clients.

References

https://en.wikipedia.org/wiki/Corebridge_Financial

https://in.investing.com/equities/corebridge-financial-inc

https://finance.yahoo.com/quote/CRBG/profile?p=CRBG

https://www.crunchbase.com/organization/corebridge-financial

https://sec.report/CIK/0001889539

https://companiesmarketcap.com/

https://www.corebridgefinancial.com