Corebridge execs upbeat despite reporting $566M Q4 loss
February 22, 2023 by Doug Bailey
Despite a brutal fourth quarter that resulted in a $566 million net loss, Corebridge Financial Inc. executives said Friday they were upbeat about the newly branded company’s prospects for the year.
Corebridge, one of the nation’s biggest retirement products and insurance providers, blamed the quarterly loss on derivative losses and “foreign exchange movements,” but still managed to beat Wall Street earnings per share estimates by $0.20, with a fourth-quarter operating EPS of $0.88 per share.
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Originally Posted at InsuranceNewsNet on February 20, 2023 by Doug Bailey.
Categories: Industry Articles