Nippon Life Insurance Co Acquires $20.5M in Corebridge Financial ($CRBG)

Executive Summary

On October 14, 2026, Nippon Life Insurance Co, a 10% beneficial owner of Corebridge Financial, Inc. ($CRBG), executed an open-market purchase of 602,103 shares of Common Stock. At a volume-weighted average price of $34.0259 per share, the total capital outlay was approximately $20.49 million.

Transaction Breakdown

• Security: Common Stock
• Transaction Code: P (Open-market purchase)
• Shares Purchased: 602,103
• Execution Price: $34.0259 (Range: $33.82 - $34.24)
• Gross Value: $20,487,103.87
• Shares Held Following Transaction: 128,990,035 shares (includes 128,956,764 held directly by Nippon Life Insurance Co and 33,271 held indirectly via wholly owned subsidiary Nissay Asset Management Corporation)

Governance and Context

• 10b5-1 Trading Plan: The transaction was executed pursuant to a pre-established Rule 10b5-1 trading arrangement adopted on August 7, 2026.
• Significance: High. While structured under a 10b5-1 plan, multi-million dollar open-market block acquisitions by a primary strategic shareholder underscore sustained long-term commitment and bolster institutional ownership concentration.