Corebridge Financial CEO Kevin Hogan at Barclays 22nd Annual Global Financial Services Conference
Aired Sep 10, 2024 2:41 PM EDT Corebridge Financial, Inc. provides retirement solutions and insurance products in the United ...
President & Chief Executive Officer of Corebridge Financial, Inc., American
Search every verified Kevin Hogan interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Kevin Hogan, President and CEO of Corebridge Financial, spoke at the Barclays 22nd Annual Global Financial Services Conference on September 10, 2024. He noted that the company would soon celebrate the two-year anniversary of its IPO, stating that it had returned $3.5 billion of capital to shareholders and grown premiums and deposits by 34%. Hogan said the company was on track to deliver a 12 to 14% return on equityhol, and he described the company's strategy as focused on organic growth, balance sheet optimization, expense efficiency, and active capital management. He also stated that the company had improved the credit quality of its investment portfolio from A- to single A while maintaining or increasing yield, and that it maintained a conservative reserving philosophy. In other appearances, Hogan has discussed topics related to personal influence and persuasion. In a 2017 video, he stated that being perceived as more attractive involves understanding and connecting with others by listening and matching their feelingshol. In a 2014 video on hypnotic storytelling, he described a persuasive story as one where every aspect is intentional and structured to transport the listener.
“In the next week we're going to celebrate the 2-year anniversary of the IPO of Corebridge Financial and as I think back on it I'm very proud of what our team has accomplished in that time. We've returned $3.5 billion of capital to our shareholders, grown our premiums and deposits by 34%, and are on track to deliver the...”
“We have four strategic levers to deliver growth: organic growth, balance sheet optimization, expense efficiency, and active capital management. For example, we've delivered $280 million of the $400 million run rate savings from our expense reduction program and continue to focus on continuous improvement.”
“The annuity opportunity is driven by three structural factors: the aging of America with 4 million people turning 65 each year for the next decade, the support of a new generation of financial advisors who understand the value of fixed income-oriented products, and the interest rate environment which helps relative to...”
“We actively manage our asset portfolio and have improved the credit quality from a minus single A to single A while increasing yield. We continue to source attractive assets to support our liability facilities and have a strong origination platform.”
“We see Bermuda as a tool to optimize our regulatory capital. We started by reinsuring part of our new business sales of fixed and index annuities there and may expand to portfolio transactions and third-party capital attraction when appropriate.”
“We price new business to current market conditions and reprice fixed annuities weekly, or more frequently if needed. We are comfortable with the margins and the business we are writing despite a competitive environment.”
“Our alternatives portfolio, about $5.5 billion, is expected to return 8 to 9% over the long term, with 75% in private equity and 25% in real estate equity. Over the last five years, returns have averaged around 14%, though recent quarters have been more volatile.”
“We have a high-quality, diversified investment portfolio with 95% investment grade assets. We've actively de-risked since the pandemic, improving credit quality while maintaining or increasing yield, and maintain a conservative reserving philosophy.”
“The pension risk transfer business focuses on full plan terminations, treating each transaction like a miniature M&A deal. The pipeline is strong in both the US and UK, and we expect volumes to be comparable to last year, representing a long-term growth opportunity.”
“Since the IPO, we've returned $3.5 billion to shareholders, including $1.4 billion this year. Our strategy is to maintain a strong balance sheet while providing an attractive and growing cash return, supported by multiple sources of income and modest organic growth.”
“Your goal, your outcome is to understand so clearly what the other person is thinking—that your brain is a mirror of theirs. This not only changes your first impression but fundamentally enhances your attractiveness by showing genuine understanding.”
“The way to become more attractive is through understanding—listening, asking questions, and matching their feelings. When you do that, you’re not just making a good impression; you’re creating a genuine connection that makes you irresistible.”
“If you don’t fully understand what someone is feeling or thinking, then you’re not as attractive, interesting, or exciting as you could be. Missing that full understanding diminishes your appeal and connection.”
“The two words 'I love you' are incredibly powerful—they're common in households and signal deep connection. Knowing when to say them can significantly influence how attractive and connected you are to others.”
“Your goal is to get someone to say 'exactly'—to affirm that they feel understood. This affirmation makes you more attractive because it shows you are truly listening and connecting on a deeper level.”
Aired Sep 10, 2024 2:41 PM EDT Corebridge Financial, Inc. provides retirement solutions and insurance products in the United ...
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