Corebridge, Equitable to Merge, Creating $1.5 Trillion Retirement and Wealth Giant

The deal is expected to close by the end of the year.

The Corebridge Financial logo is seen in this illustration on April 10, 2023. Dado Ruvic/Reuters

Corebridge Financial of Houston, Texas, on March 26 announced it had entered into a definitive agreement to combine with Equitable Holdings of New York City in an all-stock merger valued at $22 billion.

The merger creates one of the country’s largest retirement, wealth, and life insurance companies.