Corebridge Financial, Inc. 8-K

What Happened

• Corebridge Financial announced that its subsidiaries completed two related transactions under a Master Transaction Agreement announced June 25, 2025. AGL sold all membership interests in SunAmerica Asset Management, LLC (SAAMCo) to Venerable Holdings, Inc., with that sale closing on January 1, 2026. Separately, The United States Life Insurance Company in the City of New York (USL) entered into a coinsurance/modified coinsurance reinsurance agreement with Corporate Solutions Life Reinsurance Company that closed on January 2, 2026. USL agreed to cede 100% of the applicable reinsured liabilities for in-force individual retirement variable annuity contracts issued prior to the reinsurance effective time. Corebridge furnished a press release about the closings on January 5, 2026 (Exhibit 99.1).

Key Details

• SAAMCo buyer: Venerable Holdings, Inc.; SAAMCo sale closed January 1, 2026.
• Reinsurer: Corporate Solutions Life Reinsurance Company; reinsurance agreement closed January 2, 2026.
• USL ceded 100% of applicable reinsured liabilities for in-force individual retirement variable annuity contracts issued prior to the effective time.
• Company filed the disclosure under Regulation FD and furnished a press release as Exhibit 99.1 to the Form 8-K (filed January 5, 2026).

Why It Matters

• These transactions shift ownership of Corebridge’s asset-management subsidiary (SAAMCo) to Venerable and transfer specified variable annuity liabilities away from USL to a reinsurer. For investors, that means Corebridge has closed on actions that change its business mix and legal exposure: AGL no longer holds SAAMCo, and USL has ceded the reinsured annuity liabilities specified in the agreement. See the company’s January 5, 2026 press release (Exhibit 99.1) for additional detail.