Corebridge and Equitable Forge $22B All-Stock Merger to Create a $1.5T AUM Financial Platform
Corebridge Financial and Equitable Holdings announced an all-stock merger valued at about $22 billion to form a leading retirement, life, wealth and asset management platform with roughly $1.5 trillion in assets under management and over 12 million customers. The combined company will trade under the Equitable brand as EQH, be headquartered in Houston, and after closing (targeted for year-end 2026) will be owned about 51% by Corebridge and 49% by Equitable. Marc Costantini (Corebridge) will serve as CEO and Mark Pearson (Equitable) as executive chair, with a 14-member board and Robin Raju (Equitable) as CFO. The deal is expected to deliver immediate earnings-per-share accretion, generate meaningful cash flow and run-rate synergies of over $500 million by 2028, and expand scale through alliances such as AllianceBernstein.
