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Who we are
Action is everything
What we offer
Financial strength
Individual Retirement
Contents
A solid foundation
Strength through partnerships
Retirement Services
Life Insurance
Institutional Markets
What's in a name
Corebridge at a glance
Employees & impact
Our leaders
The Corebridge difference
Our solutions
General account investments
At Corebridge Financial, we believe action is everything.
That’s why every day we proudly partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.
Formerly AIG Life & Retirement, we are one of the largest and most established providers of retirement solutions and insurance products in the United States, with a long and proven track record of serving our clients. At Corebridge, we’re passionate about giving people the power to help them reach their financial goals. It’s who we are.
in assets under management and administration as of June 30, 2023
$372 billion
claims and benefits paid 2018-2022 by the U.S. life insurance companies collectively*
$47 billion
in premiums and deposits for the last twelve months ending June 30, 2023
$37.8 billion
* U.S. life insurance companies include American General Life Insurance Company (AGL), Houston, TX, The United States Life Insurance Company in the City of New York (US Life) and The Variable Annuity Life Insurance Company (VALIC), Houston, TX.
Corebridge Financial is a new company, but not a new business.
Our broad portfolio of products and services offers quality, choice and flexibility. This means the institutions and financial and retirement professionals we partner with have solutions to help meet unique financial goals and situations.
Expansive solutions to help secure financial futures
We bring deep dedication and industry experience to every partnership. Our teams go above and beyond to support our customers, helping them navigate changing markets and address evolving financial needs with confidence.
Industry experts all-in on your success
We deliver new, impactful ways to help our customers build brighter, more secure financial futures.
Experiences and resources to drive action
We’re passionate about working together to lift communities and help bring financial health and opportunity within reach—no matter where one is in their life’s journey.
Extending financial wellness to all
Speaks to our strong foundation of industry-leading products, services and partnerships that are central to helping people take action in their financial lives.
Evokes our passion for helping people take action to carry them from planning to outcomes, providing a path from today's financial needs to tomorrow's aspirations.
Our products and services provide choice and flexibility to help meet unique client needs so they can embrace the future with confidence.
An expansive portfolio of annuity solutions for individuals and retirement services for public and not-for-profit employers and their employees.
Retirement solutions and services
Term, universal, index universal and whole life insurance product solutions.
Family protection
Pension risk transfer, stable value wraps, structured settlements, guaranteed investment contracts, institutional annuities and life insurance, and more.
Institutional offerings
Our balanced portfolio across the Corebridge enterprise— Individual Retirement, Retirement Services, Life Insurance and Institutional Markets—enables us to manage risk, maximize growth opportunities and help drive positive outcomes for those we serve.
As a pioneer in the annuity industry, we have been focused on retirement savings and income needs for decades. We are among the top providers of annuity products in every primary annuity line of business, including fixed, index and variable annuities. We have ranked in the top 3 in U.S. annuity sales for the last ten years. Our proven knowledge in product design is reflected in our expansive suite of retirement solutions that offers opportunities for growth, protection and guaranteed lifetime income. We have a long and successful track record of innovation and leveraging product design and business partnerships to create unique offerings for our distribution partners. Tiered income structures, bespoke indices and attractive living benefits allow us to create products that are differentiated and offer clients more options to support their retirement needs.
#2 in total annuity sales*
*LIMRA ranking in the U.S. for 2Q23 YTD. **As of March 31, 2023.
Approximately one million annuity policies in force**
Products distributed through a broad network of over 25,000 financial professionals and approximately 580 firms, including banks, broker-dealers and independent marketing organizations**
BY THE NUMBERS
For nearly 60 years, we’ve helped millions of Americans turn their vision for retirement into reality. That’s why so many plan sponsors and plan participants continue to place their trust in us year after year. The average length of our relationships with plan sponsors is nearly 28 years, and one in four in-plan individual clients have been with us for more than 20 years. We are a leading retirement plan provider for K-12 schools, healthcare, government, higher education and other not-for-profit institutions. Through our strong partnerships with plan sponsors and consultants, a dedicated financial advisor network, and innovative technology solutions and tools, we make retirement planning easy and accessible and help people turn their financial dreams into realities.
Top 5 retirement plan provider in K-12, higher education, government and healthcare, by assets*
Approximately 1,100 employee financial advisors serving plan participants and former employees**
Serve approximately 22,000 plans across 50 states**
*LIMRA ranking in the U.S. as of March 31, 2023. **As of March 31, 2023.
We recognize the importance of helping people protect their family and their legacy, which is why we offer a broad portfolio of competitive life insurance products and solutions. These are delivered through our distribution partner network, which is built on a wide range of long-standing relationships. We empower our distribution partners and their producers with key insights and resources that help them match their clients’ specific protection needs with the right coverage—whether term, universal, index universal or whole life insurance. This includes products that offer legacy protection, the option to build cash value for tomorrow, and the ability to access certain benefits today. Our direct-to-consumer business offers a simple and convenient approach to help people secure life insurance that works for them.
Approximately 34,000 independent agents and approximately 900 general agents (MGAs and BGAs) sell our life insurance solutions*
Top 6 in term life insurance sales**
Top 12 in total life insurance issued**
Approximately $985 billion in-force life insurance coverage and approximately 4.3 million in-force policies in the United States*
*As of March 31, 2023. **LIMRA ranking in the U.S. for 2Q23 YTD.
Corebridge offers sophisticated, customized balance sheet and risk management solutions to a wide range of institutions, including public and corporate pension plans, endowments and foundations, insurance companies and other financial institutions seeking optimal risk-adjusted investment returns. Our Institutional Markets products and solutions are distributed in highly specialized markets through asset managers, consulting firms, investment banks, institutional brokers and structured settlement consultants. Our breadth of offerings includes pension risk transfer, stable value wraps, structured settlements, guaranteed investment contracts, institutional annuities and life insurance.
Approximately 158,000 participants covered by pension risk transfer solutions*
$3.7 billion in structured settlement annuity reserves*
$8.6 billion in reserves related to our guaranteed investment contracts*
*As of March 31, 2023.
$47 billion in stable value wrap notional amount*
Our life insurance companies have received strong ratings for financial strength from independent ratings agencies.
We have a diversified earnings base, which is supported by our broad business offerings. Our balance sheet is strong and well-structured to support our business goals and help maximize performance, and each of our U.S. life insurance companies maintains a strong capital position.
Agency
Rating (as of 9/6/23)
Standard & Poor's
A+ (Strong)
Moody's
A2 (Good)
A.M. Best
A (Excellent)
Fitch
1
Ratings are subject to change. See last page for more details. 1 Outlook: Stable
American General Life Insurance Company
The Variable Annuity Life Insurance Company
The United States Life Insurance Company in the City of New York
Corebridge’s general account investments support our insurance liabilities and are prudently managed, benefiting from a strong asset liability management discipline and strategic asset allocation. Due to the active management of the assets and our consistent risk appetite, the investments continue to perform well over credit cycles.
3%
Other invested assets
2%
Short-term investments & other
5%
Government & agency
47%
Corporate debt
22%
Structured securities
21%
Mortgage & other loan receivables
$193 billion
As of March 31, 2023.
Corebridge benefits from a hybrid investment management model that combines internal capabilities with external partners. These partners are world-class institutions with global origination and asset management platforms. This “manager of managers” approach is specifically designed to enhance our competitiveness and expand our capabilities and scalability. Our partners include:
Blackstone, one of the most recognized firms in asset management,** currently manages $51.8 billion of assets.*** This partnership broadens our access to directly originated assets that provide certain enhanced protections and incremental value while fitting within our defined portfolio management and risk appetite framework. We expect Blackstone to primarily invest these assets in a combination of publicly and privately sourced investment opportunities across a range of asset classes, including private credit, structured credit and real estate.
BlackRock, one of the leading providers of investment, advisory and risk management solutions,* currently manages approximately $83.7 billion in book value of liquid fixed income and certain private placement assets. BlackRock’s scale and fee structure will allow us to further optimize our investment management operating model while improving overall performance. BlackRock’s Aladdin platform will also modernize our investment platform with expanded analytics and accounting capabilities.
* BlackRock has $9 trillion of assets under management as of March 31, 2023. ** Blackstone has $991.3 billion of assets under management as of March 31, 2023. *** Book value as of March 31, 2023 for certain insurance companies.
Each and every day, our employees strive to make a positive impact on millions of lives—including the individuals and institutions we serve, as well as the communities where we live and work.
We are committed to creating an inclusive workplace focused on attracting, retaining and developing diverse talent that fosters a culture of belonging for all employees. Our Diversity Council and Employee Resource Groups work to ensure Diversity, Equity, Inclusion and Belonging (DEIB) initiatives are an integral part of our business strategies and support a culture of inclusion and engagement within the company. Operating as a responsible corporate citizen is central to our success as a business. We are committed to making a positive difference in the communities where we work, live and serve our customers. We align our charitable giving around building resilience and financial security for individuals, families and communities. And we currently support programs that leverage our employees’ passion for giving back.
The Corebridge Financial Leadership Team brings deep industry and business expertise, and strong leadership skills to the organization’s operations and culture—inspiring action and leading us forward.
Kevin Hogan Chief Executive Officer
Doug Caldwell Chief Risk Officer
Dave Ditillo Chief Information Officer
Elias Habayeb Chief Financial Officer
Amber Miller Chief Auditor
Chris Nixon General Counsel
Jonathan Novak President of Institutional Markets
Betsy Palmer Chief Marketing Officer
Alan Smith Chief Human Resources Officer
Terri Fiedler President of Retirement Services
Lisa Longino Chief Investment Officer
Chris Smith Chief Operating Officer
Constance Hunter Head of Strategy
Bryan Pinsky President, Individual Retirement
Tim Heslin President, Life Insurance
John Byrne National Sales Manager
