Nippon Life Insurance Purchases $6.15M in Corebridge Financial (CRBG)

Executive Summary

On September 21, 2026, Nippon Life Insurance Co, a 10% owner of Corebridge Financial, Inc. ($CRBG), reported an open-market purchase of 174,760 shares of Common Stock. Executed on September 17, 2026, at a volume-weighted average price of $35.1953 per share, the transaction represents a total investment of approximately $6.15 million.

Transaction Details

• Security: Common Stock
• Transaction Type: Open Market Purchase (Code P)
• Shares Acquired: 174,760
• Average Price Per Share: $35.1953 (ranging between $34.83 and $35.60)
• Total Transaction Value: $6,150,730.63
• Post-Transaction Holdings: 123,475,852 shares (including 123,442,581 held directly and 33,271 shares held via wholly owned subsidiary Nissay Asset Management Corporation)

Trading Significance & Context

• Institutional Strategic Accumulation: Nippon Life Insurance Co continues to expand its significant equity stake in Corebridge Financial, currently holding well over 123 million shares.
• Pre-Scheduled Execution: The purchases were executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on August 7, 2026, indicating systematic capital deployment rather than opportunistic, discretionary market timing.
• Market Impact: Open-market purchases of this magnitude by a major strategic shareholder reinforce confidence in the long-term fundamentals of the company.