IonQ CRO Alameddine Rima sells $4.6m in shares
Corebridge Financial, Inc. (NYSE:CRBG) announced that Christina Banthin resigned as a member of its Board of Directors, effective at the close of business on Monday. According to a statement released by the company and filed with the Securities and Exchange Commission, the resignation was not related to any disagreement with Corebridge Financial regarding its operations, policies, or practices.
The company stated that Ms. Banthin’s resignation follows the sale by American International Group, Inc. (AIG) of 32,600,000 shares of Corebridge Financial’s common stock on November 4. As a result of this transaction, the number of board members that AIG has the right to designate under the existing Separation Agreement between the two companies was reduced from three to two.
Following Ms. Banthin’s departure, the Corebridge Financial board decreased its authorized number of directors from fourteen to thirteen.
Corebridge Financial is based in Houston, Texas, and is listed on the New York Stock Exchange under the symbol CRBG. The information in this article is based on a press release statement included in the company’s recent SEC filing.
In other recent news, Corebridge Financial reported its third-quarter 2025 earnings, showing mixed results. The company missed earnings per share (EPS) expectations, posting $0.96 compared to the anticipated $1.10, a miss of 12.73%. However, Corebridge’s revenue exceeded forecasts, reaching $5.63 billion against a predicted $4.87 billion, a notable 15.61% beat. Additionally, Corebridge Financial announced the issuance of $500 million in Series A preferred stock, with specific rights and restrictions for holders, including dividend payment conditions.
In a separate development, Morgan Stanley downgraded Corebridge Financial from Overweight to Equalweight, citing concerns about future outlook despite strong underlying performance in the recent quarter. The investment bank also lowered its price target for the company from $39.00 to $33.00. Furthermore, American International Group (AIG) priced a secondary offering of Corebridge Financial shares at $31.10, resulting in approximately $1.0 billion in gross proceeds for AIG. This offering represents a portion of AIG’s holdings in Corebridge, which has around 520 million total shares outstanding.
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