Nippon Life Insurance Purchases $17.1M of Corebridge Financial Stock

Significant Insider Purchase: Nippon Life Insurance Co Acquires $17.1M in Corebridge Financial ($CRBG)

Overview

On October 19, 2026, Nippon Life Insurance Co, a 10% owner of Corebridge Financial, Inc. (CRBG), filed a Form 4 disclosing open-market purchases of Common Stock conducted on October 15, 2026. In total, the institutional owner acquired 510,873 shares for an aggregate purchase value of $17,076,301.37.

Transaction Breakdown

The transactions were completed across three weighted-average price tranches pursuant to a pre-arranged Rule 10b5-1 trading plan established on August 7, 2026:

1. 122,762 shares purchased at a weighted average price of $32.8031 (price range: $32.28 – $33.27).
2. 361,127 shares purchased at a weighted average price of $33.5659 (price range: $33.28 – $34.27).
3. 26,984 shares purchased at a weighted average price of $34.3787 (price range: $34.28 – $34.48).

• Blended Weighted Average Price: ~$33.43 per share
• Post-Transaction Beneficial Ownership: 129,500,908 shares (includes 129,467,637 shares held directly by Nippon Life Insurance Co and 33,271 shares held by its direct wholly-owned subsidiary, Nissay Asset Management Corporation).

Market Significance

• Significance Level: High. An open-market accumulation exceeding $17M demonstrates continued institutional commitment and confidence from Nippon Life, which remains a massive strategic 10% shareholder in Corebridge Financial.
• Trading Plan Context: While executed under a Rule 10b5-1 plan adopted in August 2026, the volume and value of the purchase underscore ongoing programmed capital deployment into CRBG equity.