Nippon Life Enters Voting Agreement to Support Corebridge Financial Merger with Equitable Holdings

Nippon Life Insurance Company filed a Schedule 13D/A on April 9, 2026, reporting a 26.7% beneficial ownership stake in Corebridge Financial, Inc. (CRBG). The filing details a Voting and Support Agreement entered into on April 8, 2026, among Nippon Life, Corebridge Financial, and Equitable Holdings, Inc. This agreement is in connection with a previously announced Agreement and Plan of Merger involving Corebridge and Equitable. Under the terms, Nippon Life has committed to voting its 121,992,454 shares in favor of the merger and related transactions. Additionally, Nippon Life is restricted from transferring its shares until the merger is approved by stockholders, subject to specific exceptions. Upon the closing of the merger, Nippon Life will enter into a new Stockholder’s Agreement and Registration Rights Agreement with the newly formed holding company, HoldCo. The reporting person's holdings include 121,956,256 shares held directly and 36,198 shares held through its subsidiary, Nissay Asset Management Corporation. This filing marks a significant formalization of support for the pending strategic merger.