CRBG Mergers

Corebridge Financial Closes on Largest Portion of Individual Retirement Variable Annuity Transaction with Venerable

Published August 04, 2025 at 10:45 AM

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (“Corebridge” or the “Company”) (NYSE: CRBG) today announced that it has successfully closed on the largest portion of the previously announced agreement with Corporate Solutions Life Reinsurance Company, an insurance subsidiary of Venerable Holdings, Inc. (“Venerable”), reinsuring all the Individual Retirement variable annuities issued by American General Life Insurance Company (“AGL”), a Corebridge insurance company subsidiary. The AGL comp

Related Questions

How does this deal compare to recent similar reinsurance deals in the industry in terms of size and structure? How will the transaction affect Corebridge's earnings per share (EPS) guidance for the next fiscal year? What impact will the transaction have on the valuation of Corebridge's stock (CRBG) in the short‑term versus the long‑term? How does the reinsurance of all Individual Retirement variable annuities affect Corebridge's future earnings and cash flow forecasts? Will the reinsurance affect the profitability or risk profile of the American General Life Insurance (AGL) variable annuity portfolio? What is the expected timeline for the remaining portion of the agreement to close, and are there any contingencies? Are there any tax or accounting implications from the transaction that could affect reported results or cash flows? What is the size and financial terms of the reinsurance transaction with Venerable and its impact on Corebridge's balance sheet? What are the potential credit and counter‑party risks associated with Corporate Solutions Life Reinsurance Company? How does this deal alter Corebridge's capital adequacy ratios and regulatory capital requirements?