The Big Money Twist
In Q2 2025, the broader life insurance industry saw a surge in profits, fueled by rising interest rates and increased demand from young adults who want financial safety nets.
But Corebridge Financial? They posted a $660 million loss this quarter—despite closing a massive reinsurance deal worth billions.
According to the Wall Street Journal, the loss came mainly from accounting charges and restructuring costs. Translation: it’s more about business strategy than the company suddenly running out of cash.
Why Young People Should Care
If you’re in your 20s, you might think life insurance is for “old people.”
But here’s the thing—Gen Z and younger millennials are now buying life insurance earlier than any generation before, partly because of lingering pandemic fears and a desire for long-term security.
More insurers are targeting younger customers with low-cost, flexible plans—and when big players like Corebridge make financial moves, it can shift what’s available (and affordable) in the market.
Stat Check: About 40% of Gen Z say they’ve considered life insurance in the past year—double the rate from 2018, according to LIMRA, a trusted insurance research group.
The Reinsurance Deal in Simple Terms
The “major reinsurance deal” Corebridge closed basically means they transferred some risk (and potential payouts) to another company in exchange for cash now.
Think of it like selling part of your future responsibility so you have more money to invest today.
This could give Corebridge breathing room to innovate, launch new products, and target younger customers—aka the TikTok and Venmo generation.