Corebridge Financial announced that Chief Financial Officer Elias Habayeb will step down effective April 24, 2026, to take a senior leadership role at a publicly listed company that Corebridge does not consider a competitor.
Habayeb will remain in his role through the transition period to complete the filing of the 2025 financial statements and finalize the 2025 annual report, as well as to assist in preparing the 2026 budget.
The announcement comes as Corebridge, which manages more than $360 billion in assets, continues to navigate a challenging environment marked by declining revenue growth and a negative net margin of 2.2 percent. In Q1 2025, the company reported a net loss of $664 million, compared with a net income of $878 million in Q1 2024.
Corebridge operates through five segments—Individual Retirement, Group Retirement, Life Insurance, Institutional Markets, and Corporate and Other—with the Individual Retirement segment driving the majority of revenue. The company has recently completed strategic divestitures, including the sale of its UK life insurance business to Aviva plc in April 2024 and the sale of Laya Healthcare in Ireland.
Corebridge’s leadership team, which includes newly appointed CEO Marc Costantini effective December 1, 2025, emphasized the importance of continuity in financial leadership as the company pursues growth initiatives and capital management objectives.
The company will begin a search for a new CFO to support its ongoing growth and capital management objectives, with a focus on addressing the challenges of declining revenue and profitability.
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