Nippon Life Insurance Co filed a Form 4 with the SEC on October 26, 2026, disclosing a purchase of 246,440 shares of Corebridge Financial, Inc. common stock on October 22, 2026, executed under a Rule 10b5-1 plan.

Key Highlights

  • Transaction: Nippon Life Insurance Co acquired 246,440 shares of Corebridge Financial common stock on October 22, 2026, with transaction code P (purchase).
  • Weighted average price: Shares were purchased at a weighted average price of $35.1523, with individual transaction prices ranging from $34.62 to $35.55, inclusive.
  • Post-transaction ownership: Following the purchase, Nippon Life beneficially owned 130,667,106 shares of common stock, held directly.
  • Ownership composition: The 130,667,106 shares include 130,633,835 shares held of record by Nippon Life and 33,271 shares held of record by Nissay Asset Management Corporation, a direct wholly owned subsidiary of Nippon Life.
  • 10b5-1 plan: The purchases were effected pursuant to a Rule 10b5-1 plan adopted by Nippon Life on August 7, 2026.
  • Reporting person status: Nippon Life is identified in the filing as a 10% Owner of Corebridge Financial, Inc. (NYSE:CRBG).

Nippon Life's October 22 Purchase Under Its 10b5-1 Plan

According to the filing, Nippon Life Insurance Co, headquartered at 3-5-12, Imabashi, Chuo-ku, Osaka, Japan, purchased 246,440 shares of Corebridge Financial common stock on October 22, 2026. The filing indicates the transaction was carried out under a Rule 10b5-1 plan that Nippon Life adopted on August 7, 2026. The box on the form indicating a Rule 10b5-1(c) plan was checked by the reporting person.

The filing reports a weighted average purchase price of $35.1523 per share. Nippon Life disclosed that the shares were acquired across multiple transactions at prices ranging from $34.62 to $35.55, inclusive, and stated that it will provide full information on the number of shares purchased at each separate price upon request by the issuer, any security holder, or the SEC staff.

After the reported transaction, Nippon Life beneficially owned 130,667,106 shares of Corebridge Financial common stock on a direct basis. The filing notes that this total includes 130,633,835 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 Form 4 was signed by Yohei Miyanaga, General Manager, on October 26, 2026.

What Was Disclosed

Nippon Life Insurance Co, a 10% owner of Corebridge Financial, Inc. (NYSE:CRBG), reported a purchase of 246,440 common shares on October 22, 2026, at a weighted average price of $35.1523, bringing its total beneficial ownership to 130,667,106 shares.