HOUSTON (AP) — HOUSTON (AP) — Corebridge Financial Inc. (CRBG) on Thursday reported a loss of $1.31 billion in its fourth quarter.

On a per-share basis, the Houston-based company said it had a loss of $2.07. Earnings, adjusted for non-recurring costs, came to $1.04 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.

The financial services company posted revenue of $3.35 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $5.42 billion.

For the year, the company reported profit of $1.1 billion, or $1.71 per share. Revenue was reported as $18.88 billion.

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