Corebridge Financial (CRBG) Proxy Filing summary

Executive summary

• Achieved or exceeded 2024 financial goals: 12.8% adjusted ROAE, 81% payout ratio, and RBC ratio over 420%.

• Operating earnings per share rose 18% to $4.83; $2.3 billion returned to stockholders via dividends and buybacks.

• Board transitioned to majority-independent, with new committees and independent Chair; AIG reduced ownership, Nippon and Blackstone added directors.

• Strategic initiatives include digital transformation, data analytics, and workplace improvements.

• Forward-looking statements highlight ongoing focus on growth, efficiency, and risk management.

Voting matters and shareholder proposals

• Election of thirteen director nominees for one-year terms.

• Advisory vote to approve 2024 executive compensation.

• Ratification of PricewaterhouseCoopers LLP as independent auditor for 2025.

• Proxy access allows eligible stockholders to nominate directors in future proxy materials.

Board of directors and corporate governance

• Board now 62% independent, with new independent Chair and four new independent directors added since 2024.

• Three new committees established: Nominating and Corporate Governance, Compensation and Management Development, and Risk.

• Board diversity: 30.8% female, average age 59.8 years, broad mix of skills and backgrounds.

• Annual board and committee self-assessments; robust stock ownership and clawback policies.

• Directors generally retire at 75; majority voting in uncontested elections.