Corebridge Financial, Inc. is a major American financial services company specializing in retirement solutions and life insurance. Formerly known as SAFG Retirement Services and operating as a subsidiary of AIG, Corebridge became an independent public company following its 2022 spin-off. The company operates through four primary business segments: Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets. The Individual Retirement segment offers fixed, fixed index, and variable annuities to address various savings and income needs. The Group Retirement segment provides recordkeeping, annuities, and advisory services for employer-sponsored plans. The Life Insurance segment offers term, whole, index universal, and guaranteed universal life insurance products. Finally, the Institutional Markets segment provides bespoke risk management solutions, including pension risk transfer annuities, guaranteed investment contracts, and stable value wraps. Corebridge generates revenue primarily through spread income, fee income, and underwriting margins. The company distributes its products through a broad network of financial advisors, banks, broker-dealers, and independent marketing organizations, and maintains a strategic partnership with Blackstone for investment management of its fixed-income assets.
