FT: Equitable, Corebridge Eyeing Merger to Form $22 Billion Insurer
EQH is trading near its 52-week low of $36.58 (6.2% above the low).
Summary
Equitable Holdings and Corebridge Financial are reportedly in advanced discussions for an all-stock merger, aiming to create a new $22 billion retirement, asset management, and wealth management giant. The combined entity, expected to be named Equitable, would oversee approximately $1.5 trillion in assets and serve over 12 million customers. This highly material development for both EQH and CRBG follows Equitable Holdings' reported $1.38 billion GAAP net loss in 2025 and negative total equity, suggesting a strategic move to enhance scale and financial stability. Corebridge CEO Marc Costantini is slated to lead the merged company, with Equitable CEO Mark Pearson becoming executive chair. Traders will closely monitor official announcements regarding deal terms, potential synergies, and regulatory hurdles, as this transaction could significantly reshape the competitive landscape in the insurance and asset management sectors.
At the time of this announcement, EQH was trading at $38.85 on NYSE in the Finance sector, with a market capitalization of approximately $10.7B. The 52-week trading range was $36.58 to $56.61. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: Reuters.