Corebridge Financial of Houston, Texas, on March 26 announced it had entered into a definitive agreement to combine with Equitable Holdings of New York City in an all-stock merger valued at $22 billion.
The merger creates one of the country’s largest retirement, wealth, and life insurance companies.
Corebridge had more than $385 billion in assets under management at the end of 2025, while Equitable had a record $1.1 trillion. Together, the companies will serve more than 12 million customers in individual and group retirement, asset and wealth management, life insurance, and institutional markets. Combining the organizations enhances scale and diversifies the overall portfolio of business offerings, the companies said in a joint statement….