CRBG
Corebridge Financial, Inc.
Asset Management
Market Cap$12.54B
5Y Perf.+39.4%
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Stock Comparison
CRBG vs PFG
Revenue, margins, valuation, and 5-year total return — side by side.
PFG
Principal Financial Group, Inc.
Insurance - Diversified
Market Cap$21.67B
5Y Perf.+38.6%
CRBG vs PFG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CRBG | PFG |
|---|---|---|
| Industry | Asset Management | Insurance - Diversified |
| Market Cap | $12.54B | $21.67B |
| Revenue (TTM) | $2.89B | $15.63B |
| Net Income (TTM) | $245M | $1.19B |
| Gross Margin | 80.9% | 45.2% |
| Operating Margin | -18.7% | 9.1% |
| Forward P/E | 5.6x | 10.7x |
| Total Debt | $10.91B | $4.20B |
| Cash & Equiv. | $447M | $4.43B |
CRBG vs PFG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CRBG
PFG
| Stock | Sep 22 | May 26 | Return |
|---|---|---|---|
| Corebridge Financia… (CRBG) | 100 | 139.4 | +39.4% |
| Principal Financial… (PFG) | 100 | 138.6 | +38.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CRBG vs PFG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: PFG leads in 4 of 7 categories, making it the strongest pick for profitability and margin quality and capital preservation and lower volatility. Corebridge Financial, Inc. is the stronger pick specifically for growth and revenue expansion and valuation and capital efficiency. As sector peers, any of these can serve as alternatives in the same allocation.
CRBG
Corebridge Financial, Inc.
The Banking Pick
CRBG is the clearest fit if your priority is growth exposure and defensive.
- Rev growth 7.9%, EPS growth -118.3%
- Beta 1.47, yield 3.5%, current ratio 2.84x
- 7.9% NII/revenue growth vs PFG's -3.1%
Best for: growth exposure and defensive
PFG
Principal Financial Group, Inc.
The Insurance Pick
PFG carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 17 yrs, beta 1.00, yield 3.0%
- 195.8% 10Y total return vs CRBG's 57.9%
- Lower volatility, beta 1.00, Low D/E 33.9%, current ratio 2.35x
Best for: income & stability and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | CRBG | 7.9% NII/revenue growth vs PFG's -3.1% |
| Value | CRBG | Lower P/E (5.6x vs 10.7x) |
| Quality / Margins | PFG | 7.6% margin vs CRBG's -12.7% |
| Stability / Safety | PFG | Beta 1.00 vs CRBG's 1.47, lower leverage |
| Dividends | CRBG | 3.5% yield, 1-year raise streak, vs PFG's 3.0% |
| Momentum (1Y) | PFG | +33.0% vs CRBG's -9.4% |
| Efficiency (ROA) | PFG | 0.4% ROA vs CRBG's 0.1%, ROIC 9.0% vs -1.6% |
CRBG vs PFG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2023
FY 2025
CRBG vs PFG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLPFGLAGGINGCRBG
CRBGCorebridge Financial,…
1leads
PFGPrincipal Financial G…
3leads
6 Total Categories
CATEGORYLEADERvs CRBGMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
CRBG3/5
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
PFG8/8
Total Returns1Y, 3Y, 5Y total returns with dividends
PFG4/6
Risk & VolatilityBeta, volatility, and downside exposure
PFG2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
CRBG leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
PFG is the larger business by revenue, generating $15.6B annually — 5.4x CRBG's $2.9B. PFG is the more profitable business, keeping 7.6% of every revenue dollar as net income compared to CRBG's -12.7%.
| Metric | CRBGCorebridge Financ… | PFGPrincipal Financi… |
|---|---|---|
| RevenueTrailing 12 months | $2.9B | $15.6B |
| EBITDAEarnings before interest/tax | $1.0B | $1.4B |
| Net IncomeAfter-tax profit | $245M | $1.2B |
| Free Cash FlowCash after capex | $1.6B | $4.4B |
| Gross MarginGross profit ÷ Revenue | +80.9% | +45.2% |
| Operating MarginEBIT ÷ Revenue | -18.7% | +9.1% |
| Net MarginNet income ÷ Revenue | -12.7% | +7.6% |
| FCF MarginFCF ÷ Revenue | +70.0% | +28.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | -3.7% |
| EPS Growth (YoY)Latest quarter vs prior year | +90.8% | -40.8% |
CRBG leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
Evenly matched — CRBG and PFG each lead in 3 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, PFG's 12.9x EV/EBITDA is more attractive than CRBG's 1533.1x.
| Metric | CRBGCorebridge Financ… | PFGPrincipal Financi… |
|---|---|---|
| Market CapShares × price | $12.5B | $21.7B |
| Enterprise ValueMkt cap + debt − cash | $23.0B | $21.4B |
| Trailing P/EPrice ÷ TTM EPS | -40.37x | 19.05x |
| Forward P/EPrice ÷ next-FY EPS est. | 5.59x | 10.75x |
| PEG RatioP/E ÷ EPS growth rate | — | 13.78x |
| EV / EBITDAEnterprise value multiple | 1533.08x | 12.86x |
| Price / SalesMarket cap ÷ Revenue | 4.34x | 1.39x |
| Price / BookPrice ÷ Book value/share | 1.06x | 1.82x |
| Price / FCFMarket cap ÷ FCF | 6.20x | 4.88x |
Evenly matched — CRBG and PFG each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
PFG leads this category, winning 8 of 8 comparable metrics.
Profitability & Efficiency
PFG delivers a 9.9% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $2 for CRBG. PFG carries lower financial leverage with a 0.34x debt-to-equity ratio, signaling a more conservative balance sheet compared to CRBG's 0.78x.
| Metric | CRBGCorebridge Financ… | PFGPrincipal Financi… |
|---|---|---|
| ROE (TTM)Return on equity | +1.8% | +9.9% |
| ROA (TTM)Return on assets | +0.1% | +0.4% |
| ROICReturn on invested capital | -1.6% | +9.0% |
| ROCEReturn on capital employed | -0.1% | +0.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | 0.78x | 0.34x |
| Net DebtTotal debt minus cash | $10.5B | -$227M |
| Cash & Equiv.Liquid assets | $447M | $4.4B |
| Total DebtShort + long-term debt | $10.9B | $4.2B |
| Interest CoverageEBIT ÷ Interest expense | 1.79x | 644.64x |
PFG leads this category, winning 8 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
PFG leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PFG five years ago would be worth $17,072 today (with dividends reinvested), compared to $15,794 for CRBG. Over the past 12 months, PFG leads with a +33.0% total return vs CRBG's -9.4%. The 3-year compound annual growth rate (CAGR) favors CRBG at 24.2% vs PFG's 15.0% — a key indicator of consistent wealth creation.
| Metric | CRBGCorebridge Financ… | PFGPrincipal Financi… |
|---|---|---|
| YTD ReturnYear-to-date | -8.8% | +12.8% |
| 1-Year ReturnPast 12 months | -9.4% | +33.0% |
| 3-Year ReturnCumulative with dividends | +91.6% | +52.3% |
| 5-Year ReturnCumulative with dividends | +57.9% | +70.7% |
| 10-Year ReturnCumulative with dividends | +57.9% | +195.8% |
| CAGR (3Y)Annualised 3-year return | +24.2% | +15.0% |
PFG leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
PFG leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
PFG is the less volatile stock with a 1.00 beta — it tends to amplify market swings less than CRBG's 1.47 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PFG currently trades 97.1% from its 52-week high vs CRBG's 75.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CRBGCorebridge Financ… | PFGPrincipal Financi… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.47x | 1.00x |
| 52-Week HighHighest price in past year | $36.57 | $103.00 |
| 52-Week LowLowest price in past year | $22.19 | $75.00 |
| % of 52W HighCurrent price vs 52-week peak | +75.1% | +97.1% |
| RSI (14)Momentum oscillator 0–100 | 63.5 | 69.4 |
| Avg Volume (50D)Average daily shares traded | 5.5M | 1.5M |
PFG leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — CRBG and PFG each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CRBG as "Buy" and PFG as "Hold". Consensus price targets imply 23.2% upside for CRBG (target: $34) vs -5.5% for PFG (target: $95). For income investors, CRBG offers the higher dividend yield at 3.45% vs PFG's 3.03%.
| Metric | CRBGCorebridge Financ… | PFGPrincipal Financi… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $33.83 | $94.50 |
| # AnalystsCovering analysts | 18 | 25 |
| Dividend YieldAnnual dividend ÷ price | +3.5% | +3.0% |
| Dividend StreakConsecutive years of raises | 1 | 17 |
| Dividend / ShareAnnual DPS | $0.95 | $3.03 |
| Buyback YieldShare repurchases ÷ mkt cap | +16.9% | +4.2% |
Evenly matched — CRBG and PFG each lead in 1 of 2 comparable metrics.
Key Takeaway
PFG leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). CRBG leads in 1 (Income & Cash Flow). 2 tied.
Best OverallPrincipal Financial Group, … (PFG)Leads 3 of 6 categories
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CRBG vs PFG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CRBG or PFG a better buy right now?
For growth investors, Corebridge Financial, Inc.
(CRBG) is the stronger pick with 7. 9% revenue growth year-over-year, versus -3. 1% for Principal Financial Group, Inc. (PFG). Principal Financial Group, Inc. (PFG) offers the better valuation at 19. 1x trailing P/E (10. 7x forward), making it the more compelling value choice. Analysts rate Corebridge Financial, Inc. (CRBG) a "Buy" — based on 18 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CRBG or PFG?
On forward P/E, Corebridge Financial, Inc.
is actually cheaper at 5. 6x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — CRBG or PFG?
Over the past 5 years, Principal Financial Group, Inc.
(PFG) delivered a total return of +70. 7%, compared to +57. 9% for Corebridge Financial, Inc. (CRBG). Over 10 years, the gap is even starker: PFG returned +195. 8% versus CRBG's +57. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CRBG or PFG?
By beta (market sensitivity over 5 years), Principal Financial Group, Inc.
(PFG) is the lower-risk stock at 1. 00β versus Corebridge Financial, Inc. 's 1. 47β — meaning CRBG is approximately 47% more volatile than PFG relative to the S&P 500. On balance sheet safety, Principal Financial Group, Inc. (PFG) carries a lower debt/equity ratio of 34% versus 78% for Corebridge Financial, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — CRBG or PFG?
By revenue growth (latest reported year), Corebridge Financial, Inc.
(CRBG) is pulling ahead at 7. 9% versus -3. 1% for Principal Financial Group, Inc. (PFG). On earnings-per-share growth, the picture is similar: Principal Financial Group, Inc. grew EPS -21. 4% year-over-year, compared to -118. 3% for Corebridge Financial, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CRBG or PFG?
Principal Financial Group, Inc.
(PFG) is the more profitable company, earning 7. 6% net margin versus -12. 7% for Corebridge Financial, Inc. — meaning it keeps 7. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PFG leads at 9. 1% versus -18. 7% for CRBG. At the gross margin level — before operating expenses — CRBG leads at 80. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is CRBG or PFG more undervalued right now?
On forward earnings alone, Corebridge Financial, Inc.
(CRBG) trades at 5. 6x forward P/E versus 10. 7x for Principal Financial Group, Inc. — 5. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CRBG: 23. 2% to $33. 83.
08Which pays a better dividend — CRBG or PFG?
All stocks in this comparison pay dividends.
Corebridge Financial, Inc. (CRBG) offers the highest yield at 3. 5%, versus 3. 0% for Principal Financial Group, Inc. (PFG).
09Is CRBG or PFG better for a retirement portfolio?
For long-horizon retirement investors, Principal Financial Group, Inc.
(PFG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 00), 3. 0% yield, +195. 8% 10Y return). Both have compounded well over 10 years (PFG: +195. 8%, CRBG: +57. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between CRBG and PFG?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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