Added to YB: 2025-10-03
Pitch date: 2025-10-02
CRBG [bullish]
Corebridge Financial, Inc.
-13.74%
current return
Author Info
Waterboy Stocks is a value investor sharing stock pitches on their blog. Sign up for the newsletter.
Company Info
Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States.
Market Cap
$12.2B
Pitch Price
$32.05
Price Target
N/A
Dividend
3.75%
EV/EBITDA
N/A
P/E
56.47
EV/Sales
N/A
Sector
Financial Services
Category
value
Corebridge Financial, Inc. - $CRBG
CRBG: Bill Nygren highlights 5x P/E life insurer/annuity provider with flat revenues but aggressive buybacks ($1.7B in 2024, 10% of market cap). Trades 0.88x adj book value, 10% ROE since spin. $2B buyback program through 2026. Risk: $23.8B liabilities transferred to Bermuda reinsurer, increasing private credit exposure to 19.4% of corp debt.
Read full article (4 min)