Corebridge Financial and Equitable Holdings announce $22B all-stock merger

Corebridge Financial (NYSE: CRBG) and Equitable Holdings Inc. (NYSE:EQH) on Thursday announced a definitive agreement to merge in an all-stock transaction, creating a retirement, life, wealth, and asset management company with approximately $1.5 trillion in assets under management and administration. The deal values the combined company at roughly $22 billion based on each company's closing stock price on March 25, 2026.