Corebridge Financial (CRBG): Evaluating Valuation After New Nationwide Distribution Deal with Allstate

Corebridge Financial’s new agreement with Allstate opens the doors for its life insurance products to reach customers nationwide. By tapping into Allstate’s network, Corebridge has made a strategic move that could fuel further growth.

See our latest analysis for Corebridge Financial.

After a string of noteworthy moves, including the Allstate partnership and a realignment of its annuity business, Corebridge Financial’s momentum remains in focus. The stock’s three-year total shareholder return of 103% stands out and reflects solid long-term performance and growing investor confidence as the business evolves.

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But with shares up over 100% in three years and the company riding a wave of recent positive news, investors may wonder whether Corebridge Financial’s current price is an attractive entry point or if all that upside is already reflected in the market.

Most Popular Narrative: 20% Undervalued

Corebridge Financial’s most widely followed narrative points to a fair value 20% above its recent share price, indicating analysts see meaningful upside. The analysis highlights significant structural tailwinds and recent business shifts as key drivers for this valuation call.

Ongoing shifts from defined benefit pensions to IRAs and 401(k)s are creating sustained secular tailwinds for lifetime income and insurance solutions. This trend positions Corebridge’s broad, innovative annuity and retirement product suite for above-market sales growth and improved future earnings.

Read the complete narrative.

Want to see what’s really fueling this bullish price target? The numbers powering this narrative center on double-digit growth, profit margin transformation, and a punchy future earnings multiple that few expect for a diversified insurer. Find out which assumptions could send shares even higher in the full breakdown.

Result: Fair Value of $41.08 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, ongoing dependence on fee-based products and the risk of lost distribution partnerships could quickly shift Corebridge’s growth outlook if conditions change.

Find out about the key risks to this Corebridge Financial narrative.

Build Your Own Corebridge Financial Narrative

If you see things differently or want to dig into the data yourself, you can shape your own Corebridge Financial view in just a few minutes. Do it your way

A great starting point for your Corebridge Financial research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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