Nippon Life Insurance Purchases Over $27.5 Million in Corebridge Financial Shares

Overview & Significance

On September 30, 2026, Nippon Life Insurance Co, a 10% owner of Corebridge Financial, Inc. (CRBG), filed a Form 4 disclosing open-market purchases totaling 805,782 shares of Common Stock on September 28, 2026. The total transaction value was approximately $27.52 million, executed at a volume-weighted average price of roughly $34.15 per share across two tranches.

This transaction carries High significance due to the substantial capital outlay and further consolidation of ownership by a key strategic institutional shareholder.

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Transaction Breakdown

• Tranche 1: 736,814 shares at a weighted average price of $34.0962 (ranging from $33.64 to $34.635).
• Tranche 2: 68,968 shares at a weighted average price of $34.7561 (ranging from $34.64 to $35.03).
• Total Shares Acquired: 805,782 shares
• Total Investment: $27,519,616.81
• Post-Transaction Holdings: 125,579,654 shares directly owned (including 33,271 shares held via wholly owned subsidiary Nissay Asset Management Corporation).

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Governance & Plan Context

According to the footnotes, these transactions were effected pursuant to a pre-arranged Rule 10b5-1 trading plan adopted by Nippon Life Insurance Co on August 7, 2026. This indicates an automated execution strategy established in advance, signaling an ongoing, programmatic accumulation of Corebridge Financial equity.