Corebridge Financial reports 70% fall in Q2’23 net income

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Reinsurance News - Aug 04, 2023

Corebridge Financial has reported a net income of $771 million in the second quarter of 2023, representing a 70% decrease compared to the prior year quarter. The change largely was driven by lower realised gains recorded for the Fortitude Re funds withheld embedded derivative, partially offset by hi...

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