“Based on our current liquidity and cash flow profile, we anticipate being at the high end of our 2025 share repurchase guidance range of $5 billion to $6 billion, subject to market conditions.”

In context

“t investment income was $1.6 billion and grew 7% year-over-year. This is a better indicator of our expected run rate for the full year, subject to market conditions. During the second quarter, the average new money yield on the fixed maturity and loan portfolio was roughly 110 basis points higher than sales and maturities. Other operations net investment income of $88 million declined $48 million over the prior year quarter and reflects income from our parent liquidity portfolio of $58 million and Corebridge Financial dividend income of $27 million. Yesterday, we announced the sale of another 30 million shares of Corebridge Financial with proceeds of approximately $1 billion. This brings our ownership to roughly 15%. Peter already provided some detail on capital management in his remarks. Based on our current liquidity and cash flow profile, we anticipate being at the high end of our 2025 share repurchase guidance range of $5 billion to $6 billion, subject to market conditions. Turning to dividends. We increased our quarterly dividend in the second quarter by 12.5% to $0.45 per share delivering a third straight year of double-digit growth. Turning to liability management. We have made significant progress over the last several years improving our financial strength and flexibility. In May, we issued $1.25 billion of debt, upsizing the offering as a result of significant demand. The proceeds were partially used to retire $830 million of debt effectively managing our maturity ladder. As a result, we have no material debt maturities in 2025 and 2026. We ended the quarter with approximately $9 billion of debt outstanding and a debt to total capital ratio of 17.9% amongst the lowest in our peer group. As Peter already mentioned, but it bears stating again, during the”