Corebridge Financial is a leading provider of retirement solutions and insurance products in the United States. Spun off from AIG in 2022, the company offers individual and group retirement plans, life insurance, and institutional market solutions. It manages over $400 billion in client assets, helping individuals and institutions achieve long-term financial security.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Net Premiums Earned
8,597,000
7,427,000
10,410,000
8,005,000
Investment Income
13,124,000
12,228,000
11,078,000
9,576,000
Net Gains on Investments
(3,958,000)
(1,883,000)
(3,572,000)
6,091,000
Total Other Revenues
718,000
935,000
884,000
1,025,000
Total Revenues
18,481,000
18,707,000
18,800,000
24,697,000
Insurance Benefits & Claims
14,590,000
11,645,000
13,783,000
9,494,000
Policy Amortization Costs
1,050,000
1,060,000
1,042,000
1,020,000
Other Operating Expenses
2,830,000
2,890,000
3,131,000
3,157,000
Operating Profit
11,000
3,112,000
844,000
11,026,000
Interest Expense
(552,000)
(554,000)
(580,000)
(534,000)
Non-Operating Income
—
245,000
676,000
(1,000)
Total Non-Operating Income
(552,000)
(309,000)
96,000
(535,000)
Income Before Provision for Income Taxes
(541,000)
2,803,000
940,000
10,491,000
Provision for Income Taxes
(151,000)
600,000
(96,000)
2,012,000
Consolidated Net Income
(390,000)
2,203,000
1,036,000
8,479,000
Net Income Attributable to Minority Interests and Other
(24,000)
(27,000)
(68,000)
320,000
Net Income Attributable to Common Shareholders
(366,000)
2,230,000
1,104,000
8,159,000
Basic EPS
-0.68
3.73
1.72
12.63
Diluted EPS
-0.68
3.72
1.71
12.60
Basic Weighted Average Shares Outstanding
539,300
598,000
643,300
646,100
Diluted Weighted Average Shares Outstanding
539,300
599,200
645,200
647,400
Shares Outstanding
496,374
561,485
621,664
645,000
FY 2025
FY 2024
FY 2023
FY 2022
Debt Securities
194,788,000
176,102,000
171,105,000
160,562,000
Equity and Preferred Securities
79,000
56,000
63,000
170,000
Other Investments
70,391,000
67,600,000
61,460,000
59,384,000
Total Investments
265,258,000
243,758,000
232,628,000
220,116,000
Cash and Cash Equivalents
447,000
806,000
612,000
552,000
Reinsurance Contract Assets
26,051,000
26,493,000
28,392,000
29,361,000
Deferred Acquisition Costs
8,885,000
10,293,000
10,011,000
10,563,000
Other Receivables
3,027,000
2,882,000
2,602,000
2,729,000
Other Assets
109,879,000
105,165,000
105,025,000
97,001,000
Total Assets
413,547,000
389,397,000
379,270,000
360,322,000
Claims Reserves
249,847,000
229,967,000
219,158,000
206,576,000
Reinsurance Contract Liabilities
23,648,000
24,291,000
25,957,000
26,551,000
Total Debt
10,906,000
12,392,000
11,872,000
15,326,000
Other Liabilities
115,186,000
110,421,000
109,648,000
101,550,000
Total Liabilities
399,587,000
377,071,000
366,635,000
350,003,000
Preferred Stock
493,000
—
—
—
Common Stock
7,000
7,000
6,000
6,000
Treasury Stock
(4,382,000)
(2,282,000)
(503,000)
—
Additional Paid-in Capital
8,162,000
8,161,000
8,149,000
8,030,000
Accumulated Other Comprehensive Income
(9,452,000)
(13,681,000)
(13,458,000)
(16,863,000)
Retained Earnings
18,373,000
19,257,000
17,572,000
18,207,000
Total Common Shareholders' Equity
13,201,000
11,462,000
11,766,000
9,380,000
Minority Interests and Other
759,000
864,000
869,000
939,000
Total Shareholders' Equity
13,960,000
12,326,000
12,635,000
10,319,000
Total Liabilities and Shareholders' Equity
413,547,000
389,397,000
379,270,000
360,322,000
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
(390,000)
2,203,000
1,036,000
8,479,000
Depreciation & Amortization
556,000
193,000
366,000
585,000
Other Adjustments
2,918,000
977,000
1,154,000
(311,000)
Changes in Receivables
174,000
(167,000)
(265,000)
40,000
Changes in Reinsurance Contract Assets
1,024,000
825,000
675,000
1,086,000
Changes in Deferred Acquisition Costs
(1,381,000)
(1,377,000)
(1,260,000)
(1,059,000)
Changes in Claims Reserves
630,000
980,000
770,000
996,000
Changes in Income Taxes Payable
(343,000)
349,000
(116,000)
912,000
Changes in Other Operating Activities
(1,167,000)
(1,832,000)
997,000
(8,107,000)
Cash from Operating Activities
2,021,000
2,151,000
3,357,000
2,621,000
Purchases of Investments
(60,204,000)
(44,675,000)
(30,374,000)
(38,175,000)
Proceeds from Sale of Investments
47,675,000
32,599,000
24,778,000
32,070,000
Payments for Business Acquisitions
—
—
(5,000)
(107,000)
Proceeds from Business Divestments
—
577,000
747,000
—
Other Investing Activities
(803,000)
(37,000)
(625,000)
(1,041,000)
Cash from Investing Activities
(13,332,000)
(11,536,000)
(5,476,000)
(7,253,000)
Issuance of Short-Term Debt
—
—
—
1,512,000
Repayments of Short-Term Debt
(1,101,000)
(250,000)
(1,250,000)
(8,312,000)
Net Issuance / (Repayments) of Short-Term Debt
(1,101,000)
(250,000)
(1,250,000)
(6,800,000)
Issuance of Long-Term Debt
153,000
1,560,000
1,461,000
8,397,000
Net Issuance / (Repayments) of Long-Term Debt
153,000
1,560,000
1,461,000
8,397,000
Issuance of Common Shares
—
1,000
—
—
Repurchases of Common Shares
(2,118,000)
(1,792,000)
(498,000)
—
Net Issuance / (Repurchases) of Common Shares
(2,118,000)
(1,791,000)
(498,000)
—
Issuance of Preferred Shares
493,000
—
—
—
Net Issuance / (Repurchases) of Preferred Shares
493,000
—
—
—
Common Share Dividends Paid
(511,000)
(544,000)
(1,722,000)
(876,000)
Other Financing Activities
14,023,000
10,605,000
4,123,000
3,953,000
Cash from Financing Activities
10,939,000
9,580,000
2,114,000
4,674,000
Effect of Exchange Rate Changes on Cash and Cash Equivalents
1,000
1,000
3,000
(10,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash