Corebridge Q4 Call Emphasizes 12% Investment Income Slide, AIG Profit Falls 38%
Corebridge Financial’s Q4 earnings call highlighted a 12% year-over-year decline in net investment income to $3.1 billion, trimming pretax operating income to $2.2 billion. AIG reported a 38% drop in fourth-quarter net income to $1.9 billion as net investment income slid 18%.
1. Q4 Earnings Call Highlights
On February 11, Corebridge Financial detailed its fourth-quarter performance, reporting net investment income of $3.1 billion, down 12% from the prior year. The slide in investment returns reduced pretax operating income to $2.2 billion, while management reiterated its 2026 core ROE target of around 11%.
2. AIG Fourth-Quarter Profit Decline
AIG recorded a net income of $1.9 billion for Q4, a 38% decrease year-over-year, as net investment income fell 18%. The reduced investment yields pressured insurance segment earnings and underscored the sensitivity of profit to market interest rates and asset allocations.