03.26.26

Equitable, Corebridge Merge To Create $22 Billion US Insurer

by: Prakhar Srivastava; Arasu Kannagi Basil

Equitable and Corebridge Financial have agreed to merge in an all-stock transaction that will create a $22 billion insurance and asset management firm, reflecting a broader push for scale in the industry. The combined company will oversee more than $1.5 trillion in assets and serve over 12 million customers across retirement, life insurance and wealth markets. The deal will unite Corebridge, Equitable and AllianceBernstein into a diversified platform, with plans to shift about $100 billion in assets to strengthen investment capabilities. Corebridge shareholders will own 51% of the new entity, while Equitable investors will hold 49%. Led by Corebridge CEO Marc Costantini and chaired by Mark Pearson, the Houston-based company is expected to boost earnings by over 10% by 2028, following a targeted closing in late 2026.

Read the full article on Reuters