1004 ET - Corebridge Financial and Equitable Holdings see the likelihood of significant cost savings by merging the two businesses. The companies expect to achieve $500 million of annual pre-tax expense synergies on a run rate basis by the end of 2028, which represents about 10% of the combined company's expense base. Equitable Chief Financial Officer Robin Raju says that a large portion of the savings will come from redundant service contracts, systems and head count and that there will be additional synergies for capital and taxes. "So we have high confidence in being able to achieve this number," Raju says. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

March 26, 2026 10:04 ET (14:04 GMT)

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