Nippon Life Insurance Co filed a Form 4 with the SEC on November 2, 2026, disclosing the purchase of 246,521 shares of Corebridge Financial, Inc. common stock on October 29, 2026, pursuant to a Rule 10b5-1 plan.

Key Highlights

  • Shares purchased: Nippon Life Insurance Co acquired 246,521 shares of Corebridge Financial common stock on October 29, 2026.
  • Weighted average price: The reported purchase price was $35.4978 per share, a weighted average across multiple transactions ranging from $35.22 to $35.99, inclusive.
  • 10b5-1 plan: The purchases were made pursuant to a Rule 10b5-1 plan adopted by the reporting person on August 7, 2026.
  • Total beneficial ownership: Following the transaction, Nippon Life beneficially owned 132,116,089 shares of common stock, held directly.
  • Subsidiary shares included: The post-transaction total includes 33,271 shares held of record by Nissay Asset Management Corporation, a direct wholly owned subsidiary of Nippon Life, which Nippon Life may be deemed to beneficially own.
  • Owner relationship: Nippon Life Insurance Co is identified in the filing as a 10% owner of Corebridge Financial, Inc. (NYSE:CRBG).

Nippon Life's October 29 Open-Market Purchase of Corebridge Financial Stock

According to the Form 4 filing, Nippon Life Insurance Co, headquartered in Osaka, Japan, purchased 246,521 shares of Corebridge Financial, Inc. common stock on October 29, 2026. The transaction was coded as a purchase ("P") and was marked as executed under a Rule 10b5-1 plan that the reporting person adopted on August 7, 2026. The filing indicates the box was checked confirming the transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

The filing reported a weighted average purchase price of $35.4978 per share. According to the explanation of responses, the shares were purchased in multiple transactions at prices ranging from $35.22 to $35.99, inclusive. The reporting person 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."

Following the reported transaction, Nippon Life's total beneficial ownership stood at 132,116,089 shares, held in direct form. The filing disclosed that this figure includes 132,082,818 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 the reporting person. The Form 4 was signed by Yohei Miyanaga, General Manager, on November 2, 2026.

What Was Disclosed

Nippon Life Insurance Co, a 10% owner of Corebridge Financial, disclosed a purchase of 246,521 common shares on October 29, 2026, at a weighted average price of $35.4978, bringing its total beneficial ownership to 132,116,089 shares under a Rule 10b5-1 plan.