Nippon Life Insurance Co. Acquires $7.47M in Corebridge Financial Shares

Overview

On September 23, 2026, Nippon Life Insurance Co, a 10% beneficial owner of Corebridge Financial, Inc. ($CRBG), reported the open-market purchase of 212,828 shares of common stock. The transactions were executed on September 21, 2026, at a weighted-average price of $35.0797 per share (with individual execution prices ranging from $34.83 to $35.47), representing a total transaction value of approximately $7.47 million.

Transaction Details

• Security: Common Stock
• Transaction Type: Open Market Purchase (Code P)
• Shares Purchased: 212,828
• Weighted Average Price: $35.0797
• Total Investment: $7,465,942.38
• Post-Transaction Holdings: 123,820,013 shares (including 123,786,742 shares held directly by Nippon Life Insurance Co. and 33,271 shares held indirectly by its wholly owned subsidiary, Nissay Asset Management Corporation)

Context & Trading Significance

This purchase was conducted pursuant to a pre-established Rule 10b5-1 trading plan adopted on August 7, 2026. While trading plans can reduce the discretionary signal of timing, the substantial capital outlay of over $7.4 million reinforces Nippon Life's long-term commitment and strategic position as a core institutional anchor in Corebridge Financial.