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# Corebridge CEO Dismisses Equitable Deal Delay Talk, Says October Annuity Sales Were 'Very Robust'
- URL: https://www.bullished.co/corebridge-ceo-dismisses-equitable-deal-delay-talk-says-october-annuity-sales-were-very-57d8799b/
- Published: 2026-11-03T15:26:17.000Z
- Updated: 2026-11-03T15:26:17.000Z
- Description: Marc Costantini kept a year-end closing target and said fourth-quarter annuity net flows should top the $1 billion reported for the third quarter.
- Author: Matteo Parrino
- Tags: Earnings, CRBG, Industry: Financials

[Corebridge Financial](https://www.bullished.co/tag/crbg/), which sells retirement products and life insurance in the United States, is sticking to a year-end close for its merger with Equitable, and CEO Marc Costantini said on the company's [third-quarter earnings call](https://finance.yahoo.com/markets/stocks/articles/corebridge-q3-earnings-snapshot-230847554.html?ref=bullished.co) that press talk of a snag over accounting rules is wrong. Pressed by a Jefferies analyst on whether the two insurers' differing permitted practices, accounting treatments that regulators allow, could delay the close, he said "what you're inferring there is not the case."

## Denying the permitted-practices worry

Costantini added that

## October annuity momentum

Costantini said October was "very robust" in the annuity business and that he expects fourth-quarter net flows "well above the billion-dollar level." Individual retirement net flows were about $1 billion in the third quarter, when [sales of $4.5 billion](https://seekingalpha.com/news/4662997-corebridge-financial-non-gaap-eps-of-1%5F22-misses-by-0%5F02-revenue-of-4%5F5b-misses-by-710m?ref=bullished.co) rose 17% from the second quarter.

## Pension deals and synergies

Management said Corebridge has already been selected for over $1.5 billion of pension risk transfer deals, which it expects to close in the fourth quarter. Third-quarter volume in that business was only $156 million.

Asked about revenue synergies, Costantini gave no figures and pointed to an investor day in the second quarter of 2027\. He noted the company has guided to $100 billion of assets moving off the Corebridge balance sheet.

The quarter itself: [operating earnings per share](https://seekingalpha.com/news/4662997-corebridge-financial-non-gaap-eps-of-1%5F22-misses-by-0%5F02-revenue-of-4%5F5b-misses-by-710m?ref=bullished.co) were $1.22, up 27% from a year earlier, and adjusted return on average equity was 12.1%. The company returned $295 million to shareholders through dividends and buybacks.

The investor day in the second quarter of 2027 is where Costantini says revenue-synergy details will come.

Learn

- [How To Read An Earnings Call Transcript: Start With Guidance, Then Find What's Missing →](https://www.bullished.co/learn/how-to-read-an-earnings-call/)  
How to read an earnings call transcript: check guidance first, look for dropped metrics, compare growth with last quarter, and watch hedged wording.

### Sources

- [Corebridge (CRBG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates](https://finance.yahoo.com/markets/stocks/articles/corebridge-crbg-q3-earnings-taking-000002217.html?ref=bullished.co) — Yahoo Finance
- [Corebridge: Q3 Earnings Snapshot](https://finance.yahoo.com/markets/stocks/articles/corebridge-q3-earnings-snapshot-230847554.html?ref=bullished.co) — Associated Press
- [Corebridge Financial (CRBG) Meets Q3 Earnings Estimates](https://finance.yahoo.com/markets/stocks/articles/corebridge-financial-crbg-meets-q3-215503963.html?.tsrc=rss&ref=bullished.co) — Yahoo Finance
- [Corebridge Financial Non-GAAP EPS of $1.22 misses by $0.02, revenue of $4.5B misses by $710M (NYSE:CRBG) | Seeking Alpha](https://seekingalpha.com/news/4662997-corebridge-financial-non-gaap-eps-of-1%5F22-misses-by-0%5F02-revenue-of-4%5F5b-misses-by-710m?ref=bullished.co) — seekingalpha.com
- [Corebridge: Q3 Earnings Snapshot | 9news.com](https://www.9news.com/article/syndication/associatedpress/corebridge-q3-earnings-snapshot/616-ae186cb3-d9f8-45a4-9865-32e1f251f13a?ref=bullished.co) — Associated Press

### More on Corebridge Financial

- [Corebridge Operating Earnings Per Share Climb 27% To $1.22 As Premiums And Deposits Fall 29%](https://www.bullished.co/corebridge-operating-earnings-per-share-climb-27-to-1-22-as-premiums-and-deposits-fall-29-9e0cf700/)
- [Nippon Life Spends About $160 Million On Corebridge Stock In Three Weeks, Lifting Its Stake To 29.4%](https://www.bullished.co/nippon-life-spends-about-160-million-on-corebridge-stock-in-three-weeks-lifting-its-stake-547ae225/)
- [Nippon Life Bought 4.6 Million More Corebridge Shares For About $158 Million, 13D Amendment Shows](https://www.bullished.co/nippon-life-bought-4-6-million-more-corebridge-shares-for-about-158-million-13d-amendment-2e45e819/)

[All Corebridge Financial (CRBG) coverage →](https://www.bullished.co/tag/crbg/)