Corebridge Financial Third Quarter 2024 Earnings: Misses Expectations

Corebridge Financial (NYSE:CRBG) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.62b (down 51% from 3Q 2023).
• Net loss: US$1.18b (down by 156% from US$2.10b profit in 3Q 2023).
• US$1.97 loss per share (down from US$3.29 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Corebridge Financial Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 20%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are down 6.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Corebridge Financial (1 is concerning!) that we have uncovered.

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