Corebridge Financial Appoints Nippon Life Executive Tomohiro Yao to Board

Corebridge Financial, Inc. announced on October 23, 2025, the election of Tomohiro Yao to its Board of Directors, effective immediately. The board increased its size from 13 to 14 directors to accommodate the appointment.

Mr. Yao, an executive officer and Head of Americas/Europe at Nippon Life Insurance Company, joins the Board and fills a resulting vacancy. His appointment is in accordance with the Stockholders Agreement between Corebridge Financial and Nippon Life Insurance Company. He was also appointed to the Compensation and Management Development Committee, with Minoru Kimura resigning from the committee.

The Board determined that Mr. Yao qualifies as an independent director under New York Stock Exchange Corporate Governance Standards and is a non-employee director under Securities Exchange Act Rule 16b-3. He will not receive compensation from Corebridge Financial for his board service. Mr. Yao has held numerous senior leadership positions at Nippon Life since joining in 1995, including Regional CEO for Asia Pacific and General Manager of Global Insurance Business Department.

Alan Colberg, Chair of the Board, stated, "We are pleased to welcome Tomohiro Yao to our Board. Tomohiro brings tremendous industry expertise and a track record of accomplished leadership, and these two qualities, along with his broad international perspective, will be very beneficial to Corebridge."