Corebridge Financial, Inc. (CRBD)
2025-06-30 | 2025-03-31 | |||
|---|---|---|---|---|
| Group retirement segment | - | 108 | ||
| Individual retirement segment | - | 198 | ||
| Institutional markets segment | - | 50 | ||
| Life insurance operating segment | - | 364 | ||
| Group retirement segment-operating segments | - | 485 [1] | ||
| Individual retirement segment-operating segments | - | 1,486 [1] | ||
| Institutional markets segment-operating segments | - | 589 [1] | ||
| Life insurance operating segment-operating segments | - | 336 [1] | ||
| Corporate and other-operating segments | - | 16 [1] | ||
| Intersegment elimination | - | -4 [1] | ||
| Operating segments excluding intersegment elimination | - | 2,908 [1] | ||
| Material reconciling items | - | 281 [1] | ||
| Total investment income | - | 3,374 [2] | ||
| Investment expenses | - | 185 [2] | ||
| Group retirement segment | - | 4 | ||
| Individual retirement segment | - | 27 | ||
| Institutional markets segment | - | 500 | ||
| Life insurance operating segment | - | 340 | ||
| Corporate and other | - | 18 | ||
| Total net realized losses | - | 13 | ||
| Operating segments excluding intersegment elimination | - | 13 | ||
| Material reconciling items | - | -1,427 | ||
| Total revenues | 2,744 | 3,590 | ||
| General operating expenses | 535 | 544 | ||
| Policyholder benefits (includes remeasurement (gains) losses of 59 and 68 for the three months ended june30, 2025 and 2024, and 205 and 168, for the six months ended june 30, 2025 and 2024, respectively) | 982 | 1,457 | ||
| Advisory fee expenses | 64 | 70 | ||
| Change in the fair value of market risk benefits, net | 279 | -385 | ||
| Interest expense | 137 | 148 | ||
| Interest credited to policyholder account balances | 1,486 | 1,417 | ||
| Non-deferrable insurance commissions | 152 | 156 | ||
| Net (gain) loss on divestitures | - | - | ||
| Amortization of deferred policy acquisition costs and value of business acquired | 275 | 275 | ||
| Total benefits and expenses | 3,352 | 4,452 | ||
| Income (loss) before income tax expense (benefit) | -608 | -862 | ||
| Income tax expense (benefit) | 60 | -205 | ||
| Net income (loss) | -668 | -657 | ||
| Net loss attributable to noncontrolling interests | -8 | 7 | ||
| Net income (loss) attributable to corebridge | -660 | -664 | ||
| Common stock - basic (in dollars per share) | -1.2 | -1.19 | ||
| Common stock - basic (in shares) | 550,300,000 | 558,000,000 | ||
| Common stock - diluted (in dollars per share) | -1.2 | -1.19 | ||
| Common stock - diluted (in shares) | 550,300,000 | 558,000,000 | ||