How Corebridge Financial's (CRBG) Nationwide Allstate Deal Could Expand Its Customer Base and Growth Prospects

• On September 30, 2025, Corebridge Financial announced that its life insurance products will be available nationwide through Allstate Financial Services, expanding distribution to Allstate's licensed sales professionals and customers across the United States.
• This collaboration introduces both term and permanent life insurance options, with streamlined digital underwriting, enabling Corebridge to tap a significantly larger market via Allstate’s expansive sales network.
• We’ll explore how Corebridge’s expanded distribution through Allstate may strengthen its growth narrative and long-term customer reach.

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Corebridge Financial Investment Narrative Recap

To own Corebridge Financial stock, investors will likely need to believe that expanding partners and broadening product access will drive higher future sales, offsetting current profitability challenges and concentration in fee-based revenues. The Allstate partnership meaningfully boosts distribution for Corebridge’s life insurance business, but with fee growth in Group Retirement still modest, near-term results may not see an immediate lift; the biggest risk remains outflows from retirement plans or loss of key distribution. A key recent announcement tying into this is the launch of Corebridge’s Power Select AICO index annuity through Market Synergy Group, reflecting ongoing efforts to diversify product offerings and build new growth pipelines beyond traditional annuities. Yet, investors should also note that if any major distribution arrangements underperform or are withdrawn...

Read the full narrative on Corebridge Financial (it's free!)

Corebridge Financial's outlook points to $22.3 billion in revenue and $3.0 billion in earnings by 2028. This scenario assumes annual revenue growth of 11.5% and a $3.34 billion increase in earnings from the current level of -$337 million.

Uncover how Corebridge Financial's forecasts yield a $40.23 fair value, a 27% upside to its current price.

Exploring Other Perspectives

Community-driven fair value estimates for Corebridge range from US$40.23 to US$43.43, showing how even two Simply Wall St Community members can see the stock distinctly. While many believe broadened partnerships signal long-term opportunity, fee-based revenue growth remains modest and is sensitive to plan outflows, so assess the breadth of views before forming your outlook.

Explore 2 other fair value estimates on Corebridge Financial - why the stock might be worth as much as 38% more than the current price!

Build Your Own Corebridge Financial Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• 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.
• Our free Corebridge Financial research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Corebridge Financial's overall financial health at a glance.

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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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