Equitable and Corebridge have announced a merger in an all-stock transaction, forming a $22 billion entity focused on retirement, life insurance, and asset management. This merger signifies a potential shift in competitive dynamics within the industry, which may affect the valuation and market standing of Corebridge (CRBG).
Bates believes U.S. stocks will yield good returns over next decade. Corebridge Financial offers attractive growth opportunities with low earnings multiples. Steel Dynamics' aluminum plant is a future growth driver despite initial losses. PG&E's restructuring positions it well for growth in line with regulated utilities.
U.S. annuity sales surged to $385 billion in 2023. Interest rates falling may impact annuity demand and sales negatively. Aging population with 'Peak 65' could boost annuity reliance. In-plan annuity offerings are accelerating for retirement plans. Equitable reported $500 million inflows from BlackRock’s annuity product.