Corebridge to sell $51 billion variable annuity business to Venerable
July 1, 2025 by Staff
HOUSTON – Corebridge Financial, Inc. (NYSE:CRBG), currently valued at $18.28 billion with shares trading at $33.07, announced Thursday it has entered into an agreement with CS Life Re, a subsidiary of Venerable Holdings, to reinsure all variable annuities in its Individual Retirement business, representing $51 billion in account value as of March 31, 2025. According to InvestingPro data, the company maintains a FAIR overall financial health score.
Wink’s Moore on the Market: Corebridge Financial is reinsuring a $51 billion Variable Annuity block of business to Venerable.
No surprises there. This has been a major trend in the annuity space.
And don’t forget the link to Athene‘s parent, Apollo, when considering Venerable. -sjm
Originally Posted at Investing on June 26, 2025 by Staff.
Categories: Industry Articles
