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Corebridge Financial Inc

For the period ended Mar 31, 2024. Filed May 3, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 3, 2024

CRBG$35.91+0.1%Stored close · as of Nov 10, 2026

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Item 1A. | Risk Factors

In addition to the other information set forth in this Quarterly Report, you should carefully consider the risk factors discussed in “Risk Factors” in the 2023 Form 10-K.

The following table provides information about purchases made by or on behalf of Corebridge Parent or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Exchange Act) of Corebridge Common Stock during the three months ended March 31, 2024:

PeriodTotal Numberof SharesRepurchasedAverage PricePaid per Share*Total Number of SharesPurchased as Part ofPublicly AnnouncedPlans or ProgramsApproximate Dollar Valueof Shares that May Yet BePurchased Under the Plansor Programs (in millions)
01/01/24 through 01/31/24898,800$23.62898,800$481
02/01/24 through 02/29/241,306,40024.401,306,400449
03/01/24 through 03/31/247,258,81626.207,258,816259
Total9,464,016$25.719,464,016$259

*Excludes excise tax of $2.4 million due to the Inflation Reduction Act of 2022 for the three months ended March 31, 2024.

During the three months ended March 31, 2024, Corebridge Parent repurchased approximately 9.5 million shares of Corebridge Common Stock, par value $0.01 per share for an aggregate purchase price of $243 million, pursuant to the share repurchase program under which Corebridge Parent may, from time to time, purchase up to $1.0 billion of its common stock but is not obligated to purchase any particular number of shares.

As of March 31, 2024, approximately $259 million remained under the share repurchase program authorization.

Shares may be repurchased from time to time in the open market, private purchases, through forward, derivative, accelerated repurchase or automatic repurchase transactions or otherwise. For instance, certain of our share repurchases have been and may from time to time be effected through Exchange Act Rule 10b5-1 repurchase plans, including the share repurchase plan Corebridge Parent adopted on March 15, 2024, which, unless extended expires on May 8, 2024. The timing of any future share repurchases will depend on market conditions, our business and strategic plans, financial condition, results of operations, liquidity and other factors.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.