Corebridge Financial (CRBG) reported Q4 operating earnings late Wednesday of $1.23 per diluted share, up from $1.04 a year earlier.

Analysts polled by FactSet expected adjusted EPS of $1.20.

Adjusted revenue for the quarter ended Dec. 31 was $5.02 billion, down from $5.92 billion a year earlier.

Analyst estimates were not immediately available for comparison.

The company raised its quarterly dividend to $0.24 per share from $0.23, payable on March 31 to holders of record on March 17.

Additionally, the company said its board approved an increase in its existing share repurchase authorization by $2 billion.

Shares of Corebridge Financial were down over 8% in after-hours trading.