Upside case
Bull case
$115+292.4%
CRBG would need investors to value it at roughly 24x earnings — about 18x more generous than today's 6x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated Jun 18, 2026
Corebridge Financial, Inc. (CRBG) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
18
analysts
13 bullish · 0 bearish · 18 covering CRBG
Strong Buy
0
Buy
13
Hold
5
Sell
0
Strong Sell
0
Consensus Target
$32
+9.7% vs today
Scenario Range
$55 – $115
Model bear to bull value window
Coverage
18
Published analyst ratings
Valuation Context
6.0x
Forward P/E · Market cap $13.3B
CRBG price targets
Three scenarios for where CRBG stock could go
Current
~$29
Confidence
44 / 100
Updated
Jun 18, 2026
Where we are now
Current · $29
Bear
$55
Base
$87
Bull
$115
Market caseClosest to today
Base case
$87+197.8%
At 18x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$55+87.6%
The bear case assumes sentiment or fundamentals disappoint enough to push CRBG down roughly 88% from the current price.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Corebridge Financial, Inc.
CRBG · NYSEFinancial ServicesAsset ManagementDecember year-end
Corebridge Financial is a retirement and insurance solutions provider offering annuities, life insurance, and retirement plan services. It generates revenue primarily through its Individual Retirement segment (fixed and variable annuities), Group Retirement (plan administration and annuities), Life Insurance (term and universal life), and Institutional Markets (stable value wraps and pension risk transfer) — with retirement products representing the majority of earnings. The company benefits from its established distribution network, long-term client relationships in the retirement space, and expertise in complex retirement and insurance products that create switching costs for customers.
Market Cap
$13.3B
Revenue TTM
$6.2B
Net Income TTM
$245M
Net Margin
3.9%
CRBG Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
67%Exceptional
12 quarters tracked
Revenue Beat Rate
33%Exceptional
vs consensus estimates
Avg EPS Surprise
+4.7%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 2 of 4Q3 2025
EPS
$1.36/$1.14
Revenue
$737M/$4.9B
Q4 2025
EPS
$0.96/$1.08
Revenue
$724M/$4.8B
Q1 2026
EPS
$1.22/$1.11
Revenue
$6.3B/$5.2B
Q2 2026
EPS
$1.05/$1.07
Revenue
$4.1B/$5.1B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $1.36/$1.14 | +19.3% | $737M/$4.9B | -84.9% |
| Q4 2025 | $0.96/$1.08 | -11.1% | $724M/$4.8B | -84.8% |
| Q1 2026 | $1.22/$1.11 | +9.9% | $6.3B/$5.2B | +23.0% |
| Q2 2026 | $1.05/$1.07 | -1.9% | $4.1B/$5.1B | -19.2% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$6.1B
-2.7% YoY
FY2
$6.1B
+1.3% YoY
EPS Outlook
FY1
$1.61
+211.7% YoY
FY2
$4.35
+169.4% YoY
Trailing FCF (TTM)$1.6B
FCF Margin: 26.5%
Next Earnings
August 3, 2026
Expected EPS
$1.19
Expected Revenue
$4.8B
CRBG beat EPS estimates in 2 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
CRBG Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $18.5B
Product Mix
Latest annual revenue by segment or product family
Segment breakdown not available for this company.
Geographic Mix
Latest annual revenue by reported region
North America
100.0%
-1.0% YoY
Tap, hover, or focus a slice to inspect segment detail.
North America is the largest reported region at 100.0%, down 1.0% YoY.
CRBG Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Slightly expensive versus peers
Fair value est. $26 — implies -10.9% from today's price.
Premium to Fair Value
10.9%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
CRBG
-42.9x
vs
S&P 500
24.4x
276% discount
vs Financial Services Trailing P/E
CRBG
-42.9x
vs
Financial Services
13.6x
416% discount
vs CRBG 5Y Avg P/E
Today
-42.9x
vs
5Y Average
7.4x
677% discount
Forward PE
6.0x
S&P 500
18.8x
-68%
Financial Services
10.7x
-43%
5Y Avg
—
—
Trailing PE
-42.9x
S&P 500
24.4x
-276%
Financial Services
13.6x
-416%
5Y Avg
7.4x
-677%
PEG Ratio
—
S&P 500
1.66x
—
Financial Services
0.95x
—
5Y Avg
—
—
EV/EBITDA
1585.8x
S&P 500
15.2x
+10326%
Financial Services
11.4x
+13823%
5Y Avg
10.6x
+14916%
Price/FCF
6.6x
S&P 500
20.7x
-68%
Financial Services
11.1x
-41%
5Y Avg
6.4x
+3%
Price/Sales
4.6x
S&P 500
3.1x
+49%
Financial Services
2.3x
+98%
5Y Avg
6.3x
-27%
Dividend Yield
3.25%
S&P 500
1.91%
+70%
Financial Services
2.63%
+23%
5Y Avg
—
—
| Metric | CRBG | S&P 500 | Financial Services | 5Y Avg CRBG |
|---|---|---|---|---|
| Forward PE | 6.0x | 18.8x-68% | 10.7x-43% | — |
| Trailing PE | -42.9x | 24.4x-276% | 13.6x-416% | 7.4x-677% |
| PEG Ratio | — | 1.66x | 0.95x | — |
| EV/EBITDA | 1585.8x | 15.2x+10326% | 11.4x+13823% | 10.6x+14916% |
| Price/FCF | 6.6x | 20.7x-68% | 11.1x-41% | 6.4x |
| Price/Sales | 4.6x | 3.1x+49% | 2.3x+98% | 6.3x-27% |
| Dividend Yield | 3.25% | 1.91% | 2.63% | — |
CRBG trades above S&P 500 benchmarks on 2 of 5 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolCRBG Financial Health
Verdict
Adequate
CRBG generates 1.8% ROE and 0.1% return on assets — the two primary signals for banking profitability. FCF-based metrics are not applicable to financial companies.
Earnings Engine
Revenue, profitability, and return on capital
Revenue (TTM)
Trailing-twelve-month sales base
$6.2B
Revenue Growth
TTM vs prior year
—
Operating Margin
Operating income divided by revenue
6.7%
Net Margin
Net income divided by revenue
3.9%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$0.52
ROE
Return on equity — the primary profitability signal for banks
1.8%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
-1.6%
ROA
Return on assets, trailing twelve months
0.1%
Cash & Equivalents
Liquid assets on the balance sheet
$447M
Net Debt
Total debt minus cash
$10.5B
FCF Analysis
Traditional FCF and debt/FCF ratios are not meaningful for financial companies. Focus on ROE and ROA above.
ROE
Return on equity — the headline bank profitability metric
1.8%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
19.1%
Dividend
3.2%
Buyback
15.9%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$2.1B
Dividend / Share
Annualized trailing dividend per share
$0.95
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Declining as buybacks retire shares
457M
All figures from the trailing twelve months. For financial companies, ROE and ROA are the primary health signals — FCF-based metrics are not applicable.
Open full ratios pageCRBG Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
Equity Market Movements
Corebridge's business is significantly fee-driven, making it vulnerable to fluctuations in equity markets. A 10% change in the S&P 500 index can impact fees earned by approximately $85 million.
High Risk
Spread Income Compression
Corebridge faces a significant challenge with the compression of spread income, particularly in its Individual Retirement segment. Analysts have revised earnings per share (EPS) estimates downward, projecting core EPS growth in 2025 to be less than 10%, which is below the company's long-term growth target.
High Risk
Negative Earnings
Corebridge has reported negative earnings over the last twelve months, with a basic EPS of -$0.60. This negative performance raises concerns about the company's financial stability and future profitability.
Medium
Regulatory Changes
The insurance industry is heavily regulated, and any significant changes in regulatory requirements could adversely affect Corebridge's operations and profitability. Such changes could lead to increased compliance costs and operational disruptions.
Medium
Interest Rate Fluctuations
Changes in interest rates can significantly impact Corebridge's earnings, particularly if rates decrease. This scenario could lead to downward revisions in earnings forecasts, affecting investor confidence.
Medium
Operational Risks
Corebridge faces various operational risks, including potential failures in internal processes, systems, or external events. These risks could lead to significant operational losses and impact the company's overall performance.
Lower
Intense Competition
The North American insurance and life sector is highly competitive, with numerous established companies and new entrants. Corebridge must continuously innovate to maintain its market position, which could strain resources.
Lower
Accounting and Financial Operations Risk
Corebridge has disclosed risks related to accounting and financial operations that may require significant expenditures on compliance, auditing, and legal fees. This could impact profitability if not managed effectively.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why CRBG Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Strong Analyst Sentiment
A significant majority of analysts recommend a 'Buy' or 'Strong Buy' for CRBG stock. Out of 12 analysts, 17% recommend a Strong Buy and 58% recommend a Buy, with a consensus rating of 'Buy'.
Aggressive Capital Returns
Corebridge Financial is actively returning capital to shareholders through share buybacks and dividends. In Q4 2025, the company achieved a 10% reduction in share count year-over-year via buybacks, alongside a dividend yield of around 3.6-3.8%.
Improving Business Mix
The company is strategically shifting its business mix towards fee-based products, which are less capital-intensive and expected to produce more consistent results. This transition positions CRBG for a potential re-rating.
Significant Undervaluation
Some analyses suggest that CRBG stock is undervalued, with one valuation model indicating an intrinsic value significantly higher than the current market price, suggesting an undervaluation of around 89%.
Strong Earnings Growth Expected
Corebridge Financial's earnings are expected to grow by over 20% in the coming year, with the company beating EPS and revenue expectations in its Q4 2025 earnings report.
Positive Technical Indicators
Technical analysis suggests CRBG is forming a 'bull flag' pattern, indicating a potential continuation of its upward trend. The stock's Relative Strength Index (RSI) also suggests it may be oversold, which could precede a rebound.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
CRBG Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$29.18
52W Range Position
49%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$22.19
+31.5% from the low
52-Week High
$36.57
-20.2% from the high
1 Month
+5.88%
3 Month
+22.14%
YTD
-3.9%
1 Year
-10.4%
3Y CAGR
+20.9%
5Y CAGR
+7.1%
10Y CAGR
+3.5%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
CRBG vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
6.0x
vs 7.8x median
-22% below peer median
Revenue Growth
-2.7%
vs +1.5% median
-278% below peer median
Net Margin
3.9%
vs 5.6% median
-30% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
CRB CRBG Corebridge Financial, Inc. | $13.3B | 6.0x | -2.7% | 3.9% | Buy | +9.7% |
MET MET MetLife, Inc. | $55.8B | 8.6x | +5.5% | 4.7% | Buy | +10.2% |
PRU PRU Prudential Financial, Inc. | $37.1B | 7.8x | -2.5% | 5.6% | Hold | -4.8% |
LNC LNC Lincoln National Corporation | $7.1B | 4.8x | +1.5% | 9.1% | Hold | +15.0% |
PFG PFG Principal Financial Group, Inc. | $23.7B | 11.7x | -0.2% | 7.6% | Hold | -9.8% |
EQH EQH Equitable Holdings, Inc. | $12.8B | 6.4x | +3.2% | -12.6% | Buy | +29.3% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
CRBG Dividend and Capital Return
CRBG returns capital mainly through $2.1B/year in buybacks (15.9% buyback yield), with a modest 3.25% dividend — combining for 19.1% total shareholder yield.
Dividend UnknownFCF Well Covered
Total Shareholder Yield
19.1%
Dividend + buyback return per year
Buyback Yield
15.9%
Dividend Yield
3.25%
Payout Ratio
—
How CRBG Splits Its Return
Div 3.25%
Buyback 15.9%
Dividend 3.25%Buybacks 15.9%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.95
Growth Streak
Consecutive years of dividend increases
4Y
3Y Div CAGR
27.8%
5Y Div CAGR
—
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$2.1B
Estimated Shares Retired
73M
Approx. Share Reduction
15.9%
Shares Outstanding
Current diluted share count from the screening snapshot
457M
At 15.9%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw |
|---|---|---|
| 2026 | $0.50 | — |
| 2025 | $0.96 | +4.3% |
| 2024 | $0.92 | -65.9% |
| 2023 | $2.70 | +487.0% |
| 2022 | $0.46 | — |
FAQ
7 questionsCRBG Investor Questions
Common questions answered from live analyst data and company financials.
01Is Corebridge Financial, Inc. (CRBG) stock a buy or sell in 2026?
Corebridge Financial, Inc. (CRBG) is rated Buy by Wall Street analysts as of 2026. Of 18 analysts covering the stock, 13 rate it Buy or Strong Buy, 5 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $32, implying +9.7% from the current price of $29. The bear case scenario is $55 and the bull case is $115.
02What is the CRBG stock price target for 2026?
The Wall Street consensus price target for CRBG is $32 based on 18 analyst estimates. The high-end target is $35 (+19.9% from today), and the low-end target is $29 (-0.6%). The base case model target is $87.
03Is Corebridge Financial, Inc. (CRBG) stock overvalued in 2026?
CRBG trades at 6.0x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals slightly expensive versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Corebridge Financial, Inc. (CRBG) stock in 2026?
The primary risks for CRBG in 2026 are: (1) Equity Market Movements — Corebridge's business is significantly fee-driven, making it vulnerable to fluctuations in equity markets. (2) Spread Income Compression — Corebridge faces a significant challenge with the compression of spread income, particularly in its Individual Retirement segment. (3) Negative Earnings — Corebridge has reported negative earnings over the last twelve months, with a basic EPS of -$0. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Corebridge Financial, Inc.'s revenue and earnings forecast?
Analyst consensus estimates CRBG will report consensus revenue of $6.1B (-2.7% year-over-year) and EPS of $1.61 (+211.7% year-over-year) for the upcoming fiscal year. The following year, analysts project $6.1B in revenue.
06When does Corebridge Financial, Inc. (CRBG) report its next earnings?
Corebridge Financial, Inc. is expected to report its next earnings on approximately 2026-08-03. Consensus expects EPS of $1.19 and revenue of $4.8B. Over recent quarters, CRBG has beaten EPS estimates 67% of the time.
07How much free cash flow does Corebridge Financial, Inc. generate?
Corebridge Financial, Inc. (CRBG) generated $1.6B in free cash flow over the trailing twelve months — a free cash flow margin of 26.5%. CRBG returns capital to shareholders through dividends (3.2% yield) and share repurchases ($2.1B TTM).