Pearson said the merger brings together “three outstanding franchises”—Corebridge, Equitable, and AllianceBernstein—creating a company with more than 12 million customers and $1.5 trillion of assets under management and administration. Executives emphasized what they called limited overlap and complementary strengths across product lines and distribution, arguing the combination could lead to faster growth, higher profitability, and more resilient results across market cycles.The combined company will opera ...