Marc Costantini to succeed Kevin Hogan as Corebridge CEO

HOUSTON - Corebridge Financial, Inc. (NYSE:CRBG), currently valued at $18.1 billion, announced Tuesday that Marc Costantini will become its new Chief Executive Officer effective December 1, 2025. Costantini will replace current CEO Kevin Hogan, who will transition to a six-month role as Special Advisor to the Board. According to InvestingPro data, the company’s stock has shown strong momentum, delivering a 28% return over the past year.

Costantini joins Corebridge from Manulife, where he most recently served as Global Head of Strategy and Inforce Management. His prior experience includes leadership positions at Munich Re’s North America Life & Health business and Guardian.

Alan Colberg, Chair of the Board, cited Costantini’s "broad and deep skillset" and "proven track record of successful strategic evolution, profitable growth and shareholder value creation" as key factors in his appointment following what was described as a rigorous succession planning process.

Hogan has led Corebridge for more than a decade, overseeing its separation from AIG and building it into one of the largest providers of retirement solutions and life insurance products in the United States. Under his leadership, the company recently completed a variable annuity reinsurance transaction.

"I am honored to join Corebridge at this exciting time," Costantini said in the press release statement. "Corebridge is an industry leader with a deep bench of talent and a track record of delivering value to all of its stakeholders."

Corebridge Financial manages and administers more than $415 billion in assets as of June 30, 2025, making it one of the largest providers of retirement solutions and insurance products in the United States.

In other recent news, Corebridge Financial Inc. announced its second-quarter 2025 earnings, revealing an adjusted earnings per share (EPS) of $1.36. This figure exceeded analysts’ expectations of $1.15, representing an 18.26% surprise. However, the company reported revenue of $4.42 billion, falling short of the projected $4.89 billion, marking a 9.61% miss. Despite the earnings per share beat, the revenue miss was notable. There were no recent mergers or acquisitions reported for Corebridge Financial. Analyst firms have not recently upgraded or downgraded the stock. Investors are closely watching these developments for their potential impact on the company’s future performance.

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