Corebridge Financial, Inc. (NYSE:CRBG) Q4 2022 Earnings Conference Call February 17, 2023 8:30 AM ET
Company Participants
Josh Smith - Head of IR
Kevin Hogan - President and CEO
Elias Habayeb - CFO
Conference Call Participants
Ryan Krueger - KBW
Elyse Greenspan - Wells Fargo
Alex Scott - Goldman Sachs
John Barnidge - Piper Sandler
Michael Ward - Citi
Erik Bass - Autonomous Research
Suneet Kamath - Jefferies
Operator
Good morning, everyone, and welcome to the Corebridge Financial Incorporated Fourth Quarter 2022 Earnings Call. My name is Emily, and I'll be coordinating your call today. [Operator Instructions].
I will now hand you over to our host, Josh Smith, Head of Investor Relations to begin. Josh, please go ahead.
Josh Smith
Good morning, everyone, and welcome to Corebridge Financial's fourth quarter earnings update. Joining me on the call are Kevin Hogan, President and Chief Executive Officer; and Elias Habayeb, Chief Financial Officer. We will begin with prepared remarks by Kevin and Elias, and then we will take your questions.
Today's remarks may contain forward-looking statements, which are subject to risks and uncertainties. These statements are not guarantees of future performance or events and are based upon management's current expectations. Corebridge's filings with the SEC provide details on important factors that may cause actual results or events to differ materially. Except as required by the applicable Securities Laws, Corebridge is under no obligation to update any forward-looking statements if circumstances or management's estimates or opinions should change.
Additionally, today's remarks may refer to non-GAAP financial measures. The reconciliation of such measures to the most comparable GAAP figures is included in our earnings release, financial supplement and earnings presentation, all of which are available on our website at www.corebridgefinancial.com.
With that, I would now like to turn the call over to Kevin.
Kevin Hogan
Thank you, Josh, and good morning to everyone. During our call today, we will present our fourth quarter and full year 2022 results. I will speak to the competitive landscape, review the progress we are making on our core strategies, reinforce our commitment to our financial goals and discuss how Corebridge is well positioned to create long-term value for shareholders and other stakeholders. Elias will then deliver additional details on our financial results, offer a few comments on LDTI and provide some guidance for 2023.
Corebridge Financial had a strong debut in 2022, notwithstanding external conditions. We delivered operating earnings per share of $0.88 in the fourth quarter and $2.87 for the year. Our results for the fourth quarter and the full year demonstrate the resilience of our franchise and the competitive strengths of our businesses. Our diverse sources of earnings, our broad product platform and our unrivaled network of distribution partners remain strategic advantages for Corebridge, and position us to perform well in different market environments.