NYSE:CRBGDiversified Financial
Corebridge’s $1 Billion Equity Sale and Net Loss Might Change The Case For Investing In CRBG
Earlier this month, Corebridge Financial completed a US$1.01 billion follow-on equity offering and reported second quarter revenue of US$2.74 billion, with a net loss of US$660 million compared to net income in the prior year period.
The company also introduced Power Select AICO, a new index annuity featuring a 200% multiplier, and confirmed a quarterly dividend while continuing its extensive share buyback program.
We'll examine how the recent large equity offering impacts Corebridge’s...