Head-To-Head Comparison: Corebridge Financial (NYSE:CRBG) versus International General Insurance (NASDAQ:IGIC)

Corebridge Financial (NYSE:CRBG) and International General Insurance (NASDAQ:IGIC) are both finance companies, but which is the superior business? We will compare the two companies based on the strength of their dividends, profitability, earnings, analyst recommendations, valuation, institutional ownership and risk.

Insider and Institutional Ownership

98.3% of Corebridge Financial shares are held by institutional investors. Comparatively, 54.2% of International General Insurance shares are held by institutional investors. 0.3% of Corebridge Financial shares are held by insiders. Comparatively, 20.1% of International General Insurance shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Dividends

Corebridge Financial pays an annual dividend of $0.96 per share and has a dividend yield of 3.0%. International General Insurance pays an annual dividend of $0.20 per share and has a dividend yield of 0.8%. Corebridge Financial pays out 57.1% of its earnings in the form of a dividend. International General Insurance pays out 7.2% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Corebridge Financial has increased its dividend for 1 consecutive years and International General Insurance has increased its dividend for 2 consecutive years.

Profitability

This table compares Corebridge Financial and International General Insurance’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Corebridge Financial	5.01%	19.90%	0.66%
International General Insurance	23.76%	18.36%	5.82%

Analyst Recommendations

This is a breakdown of recent ratings and price targets for Corebridge Financial and International General Insurance, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Corebridge Financial	0	4	9	0	2.69
International General Insurance	0	0	3	0	3.00

Corebridge Financial presently has a consensus price target of $39.27, suggesting a potential upside of 22.55%. International General Insurance has a consensus price target of $30.00, suggesting a potential upside of 20.00%. Given Corebridge Financial’s higher probable upside, research analysts plainly believe Corebridge Financial is more favorable than International General Insurance.

Risk & Volatility

Corebridge Financial has a beta of 1.05, meaning that its share price is 5% more volatile than the S&P 500. Comparatively, International General Insurance has a beta of 0.17, meaning that its share price is 83% less volatile than the S&P 500.

Valuation and Earnings

This table compares Corebridge Financial and International General Insurance”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Corebridge Financial	$18.47 billion	0.90	$2.23 billion	$1.68	19.08
International General Insurance	$539.00 million	2.07	$135.15 million	$2.76	9.06

Corebridge Financial has higher revenue and earnings than International General Insurance. International General Insurance is trading at a lower price-to-earnings ratio than Corebridge Financial, indicating that it is currently the more affordable of the two stocks.

Summary

Corebridge Financial beats International General Insurance on 9 of the 17 factors compared between the two stocks.

About Corebridge Financial

Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States. The company operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments. The Individual Retirement segment provides fixed annuities, fixed index annuities, variable annuities, and retail mutual funds. The Group Retirement segment offers record-keeping services, plan administration and compliance services, and financial planning and advisory solutions to employer-defined contribution plans and their participants, as well as proprietary and non-proprietary annuities, advisory services, and brokerage products. The Life Insurance segment offers term life and universal life insurance in the United States, as well as issues individual life, whole life, and group life insurance in the United Kingdom; and distributes medical insurance in Ireland. The Institutional Markets segment provides stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank owned life insurance, private placement variable universal life and annuities products, and guaranteed investment contracts. The company was formerly known as SAFG Retirement Services, Inc. Corebridge Financial, Inc. was incorporated in 1998 and is headquartered in Houston, Texas. The company operates as a subsidiary of American International Group, Inc.

About International General Insurance

International General Insurance Holdings Ltd. engages in the provision of specialty insurance and reinsurance solutions worldwide. The company operates through three segments: Specialty Long-tail, Specialty Short-tail, and Reinsurance. It is involved in underwriting a portfolio of specialty risks, including energy, property, construction and engineering, ports and terminals, general aviation, political violence, professional lines, financial institutions, motor, marine liability, contingency, marine, treaty, and casualty insurance and reinsurance. The company was founded in 2001 and is based in Amman, Jordan.