HOUSTON (AP) — HOUSTON (AP) — Corebridge Financial Inc. (CRBG) on Friday reported first-quarter net income of $878 million.
On a per-share basis, the Houston-based company said it had net income of $1.41. Earnings, adjusted for non-recurring gains, were $1.10 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The financial services company posted revenue of $5.85 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $5.5 billion.
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