Corebridge Financial acquisition history

Corebridge and Equitable Holdings agreed to combine in an all-stock merger of equals, structured so both companies become subsidiaries of a newly formed holding company. Corebridge shareholders would own roughly 51% of the combined business and Equitable shareholders about 49%, with the combined company valued near $22 billion at announcement. The combined firm would span retirement, life insurance, wealth management and asset management (including Equitable's stake in AllianceBernstein), serving more than 12 million customers with about $1.5 trillion in assets under management and administration. Corebridge's CEO would lead the combined company, which would be headquartered in Houston. ~$22 billion (combined company).

The combined company will benefit from a strong competitive position and accelerated growth across retirement, life and institutional markets, as well as asset and wealth management. With a world-class, multi-channel distribution network and an expanded offering of innovative products, we will create a balanced and resilient business well positioned to serve customers.Marc Costantini — President and Chief Executive Officer, Corebridge Financial, Inc.

This is a transformational transaction that brings together three outstanding franchises - Corebridge, Equitable, and AllianceBernstein - to create a diversified financial services company uniquely positioned to serve customers and deliver long-term value for shareholders.Mark Pearson — President and Chief Executive Officer, Equitable Holdings, Inc.