Corebridge Financial discloses preliminary Q1 2026 variable investment income of $15-25 million pre-tax and is exploring common stock repurchases prior to its pending merger with Equitable Holdings.
Key takeaways
Variable investment income estimated at $15-25 million pre-tax for quarter ended March 31, 2026.
Positive alternative investment returns offset by unrealized mark-to-market losses in Adjusted Pre-Tax Operating Income.
Q1 earnings release scheduled for May 4, 2026, with earnings call on May 5, 2026.
Exploring share repurchases before pending merger closing, announced March 26, 2026.
Would require waiver from Equitable Holdings under merger agreement prohibiting repurchases.
No assurance repurchases will occur; volume, pricing, timing at company's discretion.