Corebridge Financial announced strong financial results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, operating EPS was $1.23, an increase from $1.04 in the prior year quarter. Adjusted pre-tax operating income (APTOI) for the quarter was $878 million, up 7% from $820 million in Q4 2023, driven by growth in aggregate core sources of income.
For the full year 2024, Corebridge reported an operating EPS of $4.83, an 18% increase over $4.10 in 2023. Full-year premiums and deposits reached $41.7 billion, a 5% increase from $39.887 billion in 2023. Net income for Q4 2024 was $2.2 billion, a significant improvement from a loss of $1.3 billion in Q4 2023, primarily due to favorable changes in net realized gains and market risk benefits.
In a move demonstrating confidence in its financial strength, the Board of Directors increased the existing share repurchase authorization by $2 billion and raised the quarterly dividend to $0.24 per share. U.S. insurance subsidiaries also increased full-year dividends by 10%, distributing $2.2 billion to the holding company. These actions underscore Corebridge's commitment to active capital management and shareholder value creation.
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