Corebridge Financial, Inc. (NYSE:CRBG) Q4 2023 Earnings Conference Call February 15, 2024 8:30 AM ET

Company Participants

Isil Muderrisoglu - Investor Relations

Kevin Hogan - President and Chief Executive Officer

Elias Habayeb - Chief Financial Officer

Conference Call Participants

Ryan Krueger - KBW

Joshua Shanker - Bank of America

Joel Hurwitz - Dowling & Partners

Jimmy Bhullar - J.P. Morgan

Thomas Gallagher - Evercore ISI

Elyse Greenspan - Wells Fargo Securities

John Barnidge - Piper Sandler

Suneet Kamath - Jefferies

Michael Ward - Citigroup

Operator

Hello, everyone, and welcome to the Corebridge Financial, Inc. Fourth Quarter 2023 Earnings Call. My name is Seth, and I will be the operator for your call today. [Operator Instructions]

I will now hand the floor over to Isil Muderrisoglu to begin the call. Please go ahead.

Isil Muderrisoglu

Good morning, everyone, and welcome to Corebridge Financials’ earnings update for the fourth quarter and full year of 2023.

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 comments 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 and assumptions. Corebridge's filings with the SEC provide details on important factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Except as required by the applicable securities law, Corebridge is under no obligation to update any forward-looking statements if circumstances or management's estimates or opinions should change, and you are cautioned to not place undue reliance on any forward-looking statements.

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 investor.corebridgefinancial.com.

With that, I would like to now turn the call over to Kevin and Elias for their prepared remarks. Kevin?

Kevin Hogan

Thank you, Isil, and good morning. 2023 was both an important year for Corebridge and a successful one. We executed with focus and determination, capitalized on attractive market opportunities, made tremendous progress on our strategic and operational priorities. And in each and every quarter, we delivered quality financial results. This morning, I will review the first full calendar year for Corebridge through five different lenses: profitability, sales, sources of income, operating expenses and capital return. Elias will then provide details on our fourth quarter results and offer some guidance for the year ahead.