10% Owner Nippon Life Insurance Buys $16.4M in Corebridge Financial Shares

Overview

On October 14, 2026, Nippon Life Insurance Co, a 10% owner of Corebridge Financial, Inc. ($CRBG), disclosed the open-market purchase of 479,940 shares of Common Stock for an aggregate transaction value of approximately $16.41 million.

Transaction Breakdown

The purchases occurred across two consecutive trading sessions pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on August 7, 2026:

• October 9, 2026: Purchased 336,750 shares at a weighted-average price of $34.0717 (ranging between $33.76 and $34.52).
• October 12, 2026: Purchased 143,190 shares at a weighted-average price of $34.4902 (ranging between $34.35 and $34.66).

Following these transactions, Nippon Life Insurance Co directly and indirectly beneficially owns 128,134,156 shares of Corebridge Financial, which includes 33,271 shares held of record by its wholly owned subsidiary, Nissay Asset Management Corporation.

Market Impact & Significance

• Trading Significance: High due to the size of the capital commitment ($16.4M+) by a major strategic shareholder.
• Pre-Arranged Execution: The purchases were executed under a Rule 10b5-1 trading plan adopted in August 2026, indicating systematic accumulation rather than an ad-hoc discretionary buy.
• Ownership Position: Nippon Life continues to solidify its significant equity stake in Corebridge Financial, reinforcing long-term strategic alignment between the two life insurance entities.