Business Transformation | 11.04.26

Equitable, Corebridge Steam Toward Merger With Strong Q3 Annuity Sales

by: John Hilton

Equitable Holdings and Corebridge Financial reported strong third-quarter results as they prepare to merge, with regulatory approval expected by year-end and the combined company launching in early 2027. Equitable’s adjusted earnings rose 19%, assets under management and administration reached $1.2 trillion and retirement sales increased 14%. Corebridge reported $4.5 billion in individual retirement sales, up 17% sequentially. Together, the companies generated more than $48 billion in annual annuity sales, representing approximately 10% market share. Corebridge CEO Marc Costantini will lead the combined business, with Equitable CEO Mark Pearson becoming executive chair. Executives cited rising interest rates and growing retirement demand as favorable conditions.

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