Nippon Life Insurance Co filed a Form 4 with the SEC on November 4, 2026, disclosing a purchase of 190,251 shares of Corebridge Financial, Inc. common stock on November 2, 2026, under a Rule 10b5-1 plan.

Key Highlights

  • Transaction date: Nippon Life Insurance Co acquired 190,251 shares of Corebridge Financial common stock on November 2, 2026.
  • Weighted average price: Shares were purchased at a weighted average price of $35.2322, in multiple transactions ranging from $34.96 to $35.55, inclusive.
  • Post-transaction ownership: Following the purchase, Nippon Life beneficially owned 132,534,113 shares of common stock, held directly.
  • Ownership composition: The 132,534,113 shares include 132,500,842 shares held of record by Nippon Life and 33,271 shares held of record by Nissay Asset Management Corporation, a direct wholly owned subsidiary.
  • 10b5-1 plan: The purchases were made pursuant to a Rule 10b5-1 plan adopted by Nippon Life on August 7, 2026.
  • Relationship to issuer: Nippon Life is identified as a 10% owner of Corebridge Financial, Inc. (NYSE:CRBG).

Nippon Life's November 2026 Open-Market Purchase of Corebridge Common Stock

According to the Form 4 filed on November 4, 2026, Nippon Life Insurance Co, headquartered in Osaka, Japan, reported the acquisition of 190,251 shares of Corebridge Financial, Inc. common stock on November 2, 2026. The filing identifies Nippon Life as a 10% owner of the issuer, NYSE:CRBG. The transaction was conducted directly and is classified with transaction code "P," indicating an open-market purchase.

The filing disclosed that the reported price of $35.2322 is a weighted average across multiple transactions executed at prices ranging from $34.96 to $35.55, inclusive. Nippon Life stated it "undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein."

The filing further noted that the total beneficial ownership figure of 132,534,113 shares includes 132,500,842 shares held of record by Nippon Life itself and 33,271 shares held of record by Nissay Asset Management Corporation, described as a direct wholly owned subsidiary of Nippon Life, which Nippon Life "may be deemed to beneficially own." The purchases were effected pursuant to a Rule 10b5-1 plan that Nippon Life adopted on August 7, 2026. The form was signed by Yohei Miyanaga, General Manager, on November 4, 2026.

What Was Disclosed

Nippon Life Insurance Co reported a purchase of 190,251 Corebridge Financial common shares on November 2, 2026, at a weighted average price of $35.2322, bringing its total beneficial ownership to 132,534,113 shares under a Rule 10b5-1 plan.