Nippon Life Insurance Co filed a Form 4 with the SEC on October 27, 2026, disclosing two open-market purchases of Corebridge Financial, Inc. (NYSE:CRBG) common stock totaling 595,609 shares executed on October 23, 2026, under a Rule 10b5-1 plan.

Key Highlights

  • First purchase: 411,516 shares acquired at a weighted average price of $33.7365, in multiple transactions ranging from $33.19 to $34.18 per share.
  • Second purchase: 184,093 shares acquired at a weighted average price of $34.4802, in multiple transactions ranging from $34.19 to $35.08 per share.
  • Total beneficial ownership after transactions: 131,262,715 shares of common stock, held directly.
  • Subsidiary holdings included: The post-transaction total includes 131,229,444 shares held by Nippon Life and 33,271 shares held by Nissay Asset Management Corporation, a direct wholly owned subsidiary.
  • 10b5-1 plan: Both purchases were made pursuant to a Rule 10b5-1 plan adopted by Nippon Life on August 7, 2026.
  • Reporting relationship: Nippon Life Insurance Co is identified as a 10% owner of Corebridge Financial, Inc.

Nippon Life's October 2026 Purchases of Corebridge Common Stock

According to the filing, Nippon Life Insurance Co, headquartered in Osaka, Japan, executed two separate purchase transactions in Corebridge Financial, Inc. common stock on October 23, 2026. The first transaction involved the acquisition of 411,516 shares at a weighted average price of $33.7365 per share. The filing notes that this weighted average reflects multiple transactions at prices ranging from $33.19 to $34.18, inclusive. Following this transaction, Nippon Life's beneficial ownership stood at 131,078,622 shares.

The second transaction on the same date added 184,093 shares at a weighted average price of $34.4802, with individual transaction prices ranging from $34.19 to $35.08, inclusive, according to the filing. After this purchase, total beneficial ownership reached 131,262,715 shares, held directly. The filing discloses that this total incorporates 131,229,444 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, which the Reporting Person may be deemed to beneficially own."

Both transactions were reported as effected pursuant to a Rule 10b5-1 plan that Nippon Life adopted on August 7, 2026, as stated in the explanatory footnotes to the filing. The form was signed by Yohei Miyanaga, General Manager, on October 27, 2026. Nippon Life is identified in the filing as a 10% owner of Corebridge Financial, Inc., which is listed on the NYSE under the ticker CRBG.

What Was Disclosed

Nippon Life Insurance Co disclosed two purchases of Corebridge Financial common stock totaling 595,609 shares on October 23, 2026, under a 10b5-1 plan, bringing its total beneficial ownership to 131,262,715 shares, including shares held by its subsidiary Nissay Asset Management Corporation.