Corebridge books big loss, touts soaring premiums as AIG split nears
February 20, 2024 by John Hilton
Corebridge Financial reported a $1.3 billion loss in the fourth quarter as it nears full separation from American International Group. But executives stressed the many positives in the underlying sales of its life and annuity products.
Premiums and deposits of $10.9 billion in Q4 represented a 20% increase over the year-ago quarter. Full-year premiums and deposits totaled $39.9 billion, or 26% higher than 2022.
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Originally Posted at InsuranceNewsNet on February 15, 2024 by John Hilton.
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