Nippon Life Insurance Co filed a Form 4 with the SEC on November 3, 2026, disclosing two open-market purchases of Corebridge Financial, Inc. common stock totaling 227,773 shares on October 30, 2026, executed under a Rule 10b5-1 plan.

Key Highlights

  • First purchase: Nippon Life acquired 223,981 shares of Corebridge Financial common stock at a weighted average price of $34.6115, with individual transactions ranging from $34.26 to $35.25.
  • Second purchase: Nippon Life acquired an additional 3,792 shares at a weighted average price of $35.3081, with individual transactions ranging from $35.26 to $35.37.
  • Beneficial ownership following transactions: Nippon Life reported beneficial ownership of 132,343,862 shares of Corebridge Financial common stock after the two purchases.
  • Ownership structure: The post-transaction total includes 132,310,591 shares held directly by Nippon Life and 33,271 shares held by Nissay Asset Management Corporation, a direct wholly owned subsidiary of Nippon Life.
  • 10b5-1 plan: Both purchases were made pursuant to a Rule 10b5-1 plan adopted by Nippon Life on August 7, 2026.
  • Reporting person relationship: Nippon Life is identified in the filing as a 10% owner of Corebridge Financial, listed on NYSE:CRBG.

Nippon Life's October 30 Purchases Under Its 10b5-1 Plan

According to the filing, Nippon Life Insurance Co, headquartered in Osaka, Japan, purchased a combined 227,773 shares of Corebridge Financial, Inc. common stock on October 30, 2026. The transactions were carried out in two separate tranches, both executed under a Rule 10b5-1 plan that Nippon Life adopted on August 7, 2026. The filing identifies Nippon Life as a 10% owner of Corebridge Financial, which trades on NYSE:CRBG.

The first tranche consisted of 223,981 shares acquired at a weighted average price of $34.6115 per share. The filing notes that these shares were purchased across multiple transactions at prices ranging from $34.26 to $35.25, inclusive. The second tranche covered 3,792 shares at a weighted average price of $35.3081, with individual transaction prices ranging from $35.26 to $35.37, inclusive. In both cases, the filing states that Nippon Life will provide full transaction-level price detail upon request to the issuer, any security holder, or SEC staff.

Following these purchases, the filing reports Nippon Life's total beneficial ownership of Corebridge Financial common stock at 132,343,862 shares, held directly. That figure, per the filing's footnotes, includes 132,310,591 shares of record held by Nippon Life and 33,271 shares of record held by Nissay Asset Management Corporation, a direct wholly owned subsidiary of Nippon Life, which Nippon Life "may be deemed to beneficially own." The filing was signed by Yohei Miyanaga, General Manager, on November 3, 2026.

What Was Disclosed

Nippon Life Insurance Co disclosed two purchases of Corebridge Financial common stock totaling 227,773 shares on October 30, 2026, made under a 10b5-1 plan, bringing its reported beneficial ownership to 132,343,862 shares.