Corebridge Financial (CRBG) Financials

$27.71 +0.06 (+0.22%)

Closing price 05/22/2026 03:59 PM Eastern

Extended Trading

$27.74 +0.04 (+0.13%)

As of 05/22/2026 05:05 PM Eastern

Annual Income Statements for Corebridge Financial

This table shows Corebridge Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	642	8,243	8,159	1,104	2,230	-366
Consolidated Net Income / (Loss)	866	9,172	8,479	1,036	2,203	-390
Net Income / (Loss) Continuing Operations	866	9,172	8,479	1,036	2,203	-390
Total Pre-Tax Income	851	11,254	10,491	940	2,803	-541
Total Operating Income	4,970	11,870	13,800	5,265	8,125	6,428
Total Gross Profit	8,460	15,870	17,977	9,438	12,075	10,308
Total Revenue	15,062	23,257	24,697	18,800	18,707	18,481
Operating Revenue	15,062	23,257	24,697	18,800	18,707	18,481
Total Cost of Revenue	6,602	7,387	6,720	9,362	6,632	8,173
Operating Cost of Revenue	6,602	7,387	6,720	9,362	6,632	8,173
Total Operating Expenses	3,490	4,000	4,177	4,173	3,950	3,880
Selling, General & Admin Expense	2,027	2,104	2,323	2,282	2,016	2,002
Amortization Expense	543	951	1,020	1,042	1,060	1,050
Other Operating Expenses / (Income)	920	945	834	849	874	828
Total Other Income / (Expense), net	-4,119	-642	-3,309	-4,325	-5,322	-6,969
Interest Expense	4,028	4,170	4,266	5,007	5,794	6,485
Other Income / (Expense), net	-91	3,528	957	682	472	-484
Income Tax Expense	-15	2,082	2,012	-96	600	-151
Net Income / (Loss) Attributable to Noncontrolling Interest	224	929	320	-68	-27	-24
Basic Earnings per Share	$2.00	$0.00	$12.63	$1.72	$3.73	($0.68)
Weighted Average Basic Shares Outstanding	645M	0.00	646.10M	643.30M	598M	539.30M
Diluted Earnings per Share	$2.00	$0.00	$12.60	$1.71	$3.72	($0.68)
Weighted Average Diluted Shares Outstanding	645M	0.00	647.40M	645.20M	599.20M	539.30M
Weighted Average Basic & Diluted Shares Outstanding	-	-	647.56M	622.55M	556.00M	481.69M
Cash Dividends to Common per Share	-	-	-	-	$0.92	$0.96

This table shows Corebridge Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	2,101	-1,309	878	365	-1,184	2,171	-664	-660	144	814	-53
Consolidated Net Income / (Loss)	2,069	-1,331	827	341	-1,187	2,222	-657	-668	137	798	-61
Net Income / (Loss) Continuing Operations	2,069	-1,331	827	341	-1,187	2,222	-657	-668	137	798	-61
Total Pre-Tax Income	2,461	-1,763	1,016	456	-1,594	2,925	-862	-608	-42	971	97
Total Operating Income	3,313	-578	2,348	1,627	-102	4,596	1,088	1,015	1,886	2,439	2,129
Total Gross Profit	4,403	-2,411	3,398	2,636	847	4,546	2,115	2,041	2,822	3,312	2,990
Total Revenue	5,505	3,354	5,836	3,710	2,599	6,619	3,572	2,744	5,416	6,731	3,964
Operating Revenue	5,505	3,354	5,836	3,710	2,599	6,619	3,572	2,744	5,416	6,731	3,964
Total Cost of Revenue	1,102	5,765	2,438	1,074	1,752	2,073	1,457	703	2,594	3,419	974
Operating Cost of Revenue	1,102	-	2,438	1,074	1,752	-	1,457	703	2,594	3,419	974
Total Operating Expenses	1,090	-1,833	1,050	1,009	949	-50	1,027	1,026	936	873	861
Selling, General & Admin Expense	611	563	572	532	475	494	526	535	481	442	468
Amortization Expense	268	260	267	260	260	273	275	275	253	247	245
Other Operating Expenses / (Income)	211	-2,656	211	217	214	-817	226	216	202	184	148
Total Other Income / (Expense), net	-852	-1,185	-1,332	-1,171	-1,492	-1,671	-1,950	-1,623	-1,928	-1,468	-2,032
Interest Expense	1,269	1,328	1,337	1,412	1,491	1,554	1,565	1,623	1,629	1,668	1,656
Other Income / (Expense), net	417	143	5.00	241	-1.00	-117	-385	0.00	-299	200	-376
Income Tax Expense	392	-432	189	115	-407	703	-205	60	-179	173	158
Net Income / (Loss) Attributable to Noncontrolling Interest	-32	-22	-51	-24	-3.00	51	7.00	-8.00	-7.00	-16	-8.00
Basic Earnings per Share	$3.29	($2.05)	$1.41	$0.60	($2.02)	$3.74	($1.19)	($1.20)	$0.27	$1.44	($0.11)
Weighted Average Basic Shares Outstanding	639M	643.30M	624M	611.60M	587.10M	598M	558M	550.30M	539.10M	539.30M	473.50M
Diluted Earnings per Share	$3.28	($2.05)	$1.41	$0.59	($2.02)	$3.74	($1.19)	($1.20)	$0.27	$1.44	($0.11)
Weighted Average Diluted Shares Outstanding	641M	645.20M	624.90M	612.60M	587.10M	599.20M	558M	550.30M	540.60M	539.30M	473.50M
Weighted Average Basic & Diluted Shares Outstanding	631.02M	622.55M	611.64M	592.01M	568.87M	556.00M	550.27M	538.68M	520.49M	481.69M	456.73M
Cash Dividends to Common per Share	-	-	$0.24	-	$0.23	-	-	$0.24	$0.24	-	$0.25

This table details how cash moves in and out of Corebridge Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	91	3,425	42	-5.00	196	-371
Net Cash From Operating Activities	3,327	2,405	2,621	3,357	2,151	2,021
Net Cash From Continuing Operating Activities	3,006	2,405	2,621	3,357	2,151	2,021
Net Income / (Loss) Continuing Operations	866	9,172	8,479	1,036	2,203	-390
Consolidated Net Income / (Loss)	866	9,172	8,479	1,036	2,203	-390
Depreciation Expense	325	413	585	366	193	556
Non-Cash Adjustments To Reconcile Net Income	2,090	-7,274	-7,722	1,692	382	3,298
Changes in Operating Assets and Liabilities, net	-275	94	1,279	263	-627	-1,443
Net Cash From Investing Activities	-7,909	-1,967	-7,253	-5,476	-11,536	-13,332
Net Cash From Continuing Investing Activities	-8,197	1,773	-7,253	-5,476	-11,536	-13,332
Acquisitions	0.00	0.00	-107	-5.00	0.00	0.00
Purchase of Investments	-37,600	-41,237	-25,609	-21,756	-32,118	-50,635
Divestitures	0.00	4,824	0.00	747	577	0.00
Sale and/or Maturity of Investments	29,223	39,554	25,139	18,280	26,530	38,250
Other Investing Activities, net	180	-1,368	-6,676	-2,742	-6,525	-947
Net Cash From Financing Activities	4,666	-753	4,674	2,114	9,580	10,939
Net Cash From Continuing Financing Activities	5,275	-753	4,674	2,114	9,580	10,939
Repayment of Debt	173	-5,860	-9,241	-1,646	-1,499	-2,266
Repurchase of Preferred Equity	646	9.00	-647	-544	567	1,466
Repurchase of Common Equity	-	0.00	0.00	-498	-1,792	-2,118
Payment of Dividends	-454	-3,188	-1,353	-1,813	-743	-643
Issuance of Debt	0.00	5,028	9,909	1,461	1,560	153
Issuance of Preferred Equity	-	-	-	0.00	0.00	493
Issuance of Common Equity	317	296	146	96	71	51
Other Financing Activities, net	4,593	2,962	5,860	5,058	11,416	13,803
Other Net Changes in Cash	-	-	0.00	-	0.00	0.00
Cash Interest Paid	279	364	472	583	538	584
Cash Income Taxes Paid	1,915	1,913	1,101	20	252	192

This table details how cash moves in and out of Corebridge Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-210	47	-202	227	-106	277	-425	-103	26	131	-75
Net Cash From Operating Activities	1,018	767	598	-9.00	83	1,479	375	-259	24	1,881	-9.00
Net Cash From Continuing Operating Activities	1,034	767	598	-9.00	83	1,479	375	-259	24	1,881	-9.00
Net Income / (Loss) Continuing Operations	2,069	-1,331	827	341	-1,187	2,222	-657	-668	137	798	-61
Consolidated Net Income / (Loss)	2,069	-1,331	827	341	-1,187	2,222	-657	-668	137	798	-61
Depreciation Expense	107	20	64	32	36	61	89	94	199	174	165
Non-Cash Adjustments To Reconcile Net Income	-1,650	2,380	-176	266	2,288	-1,996	1,371	1,157	538	232	210
Changes in Operating Assets and Liabilities, net	508	-302	-117	-648	-1,054	1,192	-428	-842	-850	677	-323
Net Cash From Investing Activities	-2,377	-2,209	-2,645	-1,319	-6,223	-1,349	-3,873	-2,672	-3,317	-3,470	-2,533
Net Cash From Continuing Investing Activities	-2,377	-2,209	-2,645	-1,319	-6,223	-1,349	-3,873	-2,672	-3,317	-3,470	-2,533
Purchase of Investments	-4,436	-7,542	-7,624	-7,255	-9,449	-7,790	-10,564	-13,388	-13,546	-13,137	-11,140
Divestitures	-	715	-	577	-	-	0.00	-	-	-	9.00
Sale and/or Maturity of Investments	2,709	4,944	6,175	6,147	5,863	8,345	7,062	11,107	9,877	10,204	8,638
Other Investing Activities, net	-650	-326	-1,196	-788	-2,637	-1,904	-371	-391	352	-537	-40
Net Cash From Financing Activities	1,190	1,454	1,844	1,556	6,034	146	3,074	2,828	3,317	1,720	2,467
Net Cash From Continuing Financing Activities	1,190	1,454	1,844	1,556	6,034	146	3,074	2,828	3,317	1,720	2,467
Repayment of Debt	-441	-845	-299	-297	-471	-432	80	-1,115	-999	-232	3.00
Repurchase of Preferred Equity	234	1,746	1,125	-2,018	3,473	-2,013	542	-547	677	794	1,719
Repurchase of Common Equity	-46	-252	-243	-436	-715	-398	-321	-311	-380	-1,106	-1,250
Payment of Dividends	-151	-908	-172	-141	-126	-304	-153	-143	-220	-127	-135
Issuance of Debt	552	763	57	44	774	685	8.00	44	73	28	54
Issuance of Common Equity	20	33	22	32	10	7.00	8.00	30	13	-	8.00
Other Financing Activities, net	1,022	917	1,354	4,372	3,089	2,601	2,910	4,870	4,153	1,870	2,068
Cash Interest Paid	-17	295	61	198	56	223	111	189	111	173	97
Cash Income Taxes Paid	8.00	247	2.00	241	2.00	7.00	11	198	10	-27	-5.00

This table presents Corebridge Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	1/1/2021	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	422,435	416,212	360,322	379,270	389,397	413,547
Total Current Assets	10,500	7,231	7,681	3,214	3,688	3,474
Cash & Equivalents	0.00	-	552	612	806	447
Short-Term Investments	0.00	7,231	6,213	2,008	2,169	2,379
Accounts Receivable	0.00	-	916	594	713	648
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	7,774	117,251	352,641	376,056	385,709	410,073
Long-Term Investments	0.00	-	171,150	185,761	190,990	210,777
Noncurrent Note & Lease Receivables	-	-	44,566	46,867	52,768	54,481
Noncurrent Deferred & Refundable Income Taxes	3,950	4,837	8,831	8,577	7,903	7,467
Other Noncurrent Operating Assets	3,824	112,414	128,094	134,851	134,048	137,348
Total Liabilities & Shareholders' Equity	422,435	416,212	360,322	379,270	389,397	413,547
Total Liabilities	383,760	387,284	350,003	366,635	377,071	399,587
Total Current Liabilities	151,161	11,166	4,385	4,608	2,873	2,959
Other Current Liabilities	2,740	2,849	2,885	2,862	2,873	2,959
Total Noncurrent Liabilities	75,535	184,555	345,618	364,531	376,136	396,628
Long-Term Debt	0.00	7,790	13,826	14,376	14,330	10,906
Other Noncurrent Operating Liabilities	75,535	176,765	331,792	350,155	361,806	385,722
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	38,624	28,845	10,319	12,635	12,326	13,960
Total Preferred & Common Equity	36,075	27,086	9,380	11,766	11,462	13,201
Total Common Equity	36,075	27,086	9,380	11,766	11,462	13,201
Common Stock	0.00	8,060	8,036	8,155	8,168	8,169
Retained Earnings	23,771	8,859	18,207	17,572	19,257	18,373
Treasury Stock	0.00	-	0.00	-503	-2,282	-4,382
Accumulated Other Comprehensive Income / (Loss)	12,304	10,167	-16,863	-13,458	-13,681	-9,452
Other Equity Adjustments	-	-	-	-	0.00	493
Noncontrolling Interest	0.00	1,759	939	869	864	759

This table presents Corebridge Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	354,595	366,691	367,470	355,592	385,588	382,492	399,422	390,022	399,163	411,294	407,060
Total Current Assets	8,036	7,139	7,499	8,026	7,272	3,349	3,417	3,262	3,202	3,281	3,344
Cash & Equivalents	382	465	751	569	410	637	530	393	290	316	373
Short-Term Investments	6,959	5,929	6,009	6,740	6,276	2,092	2,197	2,201	2,238	2,344	2,437
Accounts Receivable	695	745	739	717	586	620	690	668	674	621	534
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	346,559	329,626	330,558	347,566	378,316	379,143	396,005	386,760	395,961	408,013	403,716
Long-Term Investments	166,101	173,851	171,872	166,126	183,584	187,391	198,786	196,832	199,693	207,425	209,294
Noncurrent Note & Lease Receivables	42,539	45,869	46,497	46,054	47,830	48,663	51,653	53,332	54,334	53,964	54,353
Noncurrent Deferred & Refundable Income Taxes	9,715	8,435	8,224	8,785	8,347	8,219	7,626	7,614	7,426	7,401	7,457
Other Noncurrent Operating Assets	128,204	101,471	103,965	126,601	138,555	134,870	137,940	128,982	134,508	139,223	132,612
Total Liabilities & Shareholders' Equity	354,595	366,691	367,470	355,592	385,588	382,492	399,422	390,022	399,163	411,294	407,060
Total Liabilities	346,204	354,226	356,002	346,336	373,202	370,680	384,980	377,186	385,994	396,972	395,519
Total Current Liabilities	4,827	4,397	4,391	5,507	4,887	3,103	2,852	2,889	2,903	2,932	2,973
Other Current Liabilities	3,327	2,897	2,891	2,850	2,864	2,853	2,852	2,889	2,903	2,932	2,973
Total Noncurrent Liabilities	335,382	349,829	351,611	340,829	368,315	367,577	382,128	374,297	383,091	394,040	392,546
Long-Term Debt	7,868	10,559	10,527	10,967	11,648	11,485	12,014	12,315	11,349	11,016	10,924
Other Noncurrent Operating Liabilities	327,514	339,270	341,084	329,862	356,667	356,092	370,114	361,982	371,742	383,024	381,622
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8,374	12,465	11,468	9,256	12,386	11,812	14,442	12,836	13,169	14,322	11,541
Total Preferred & Common Equity	7,529	11,555	10,561	8,366	11,576	10,996	13,608	11,980	12,302	13,542	10,805
Total Common Equity	7,529	11,555	10,561	8,366	11,576	10,996	13,608	11,980	12,302	13,542	10,805
Common Stock	8,036	8,030	8,134	8,144	8,122	8,129	8,155	8,136	8,147	8,158	8,142
Retained Earnings	16,783	17,592	17,811	19,765	18,310	18,536	17,218	18,461	17,669	17,677	18,204
Treasury Stock	-	-	-202	-249	-717	-1,161	-1,881	-2,568	-2,881	-3,265	-5,606
Accumulated Other Comprehensive Income / (Loss)	-17,290	-14,067	-15,182	-19,294	-14,139	-14,508	-9,884	-12,049	-10,633	-9,028	-10,428
Other Equity Adjustments	-	-	-	-	-	-	-	-	-	-	493
Noncontrolling Interest	845	910	907	890	810	816	834	856	867	780	736

This table displays calculated financial ratios and metrics derived from Corebridge Financial's official financial filings.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	54.41%	6.19%	-23.56%	-0.51%	-1.21%
EBITDA Growth	0.00%	203.82%	-2.97%	-58.85%	39.24%	-26.05%
EBIT Growth	0.00%	215.60%	-4.16%	-59.70%	44.56%	-30.86%
NOPAT Growth	0.00%	91.28%	15.29%	-47.97%	10.05%	-29.54%
Net Income Growth	0.00%	959.12%	-7.56%	-87.78%	112.64%	-117.70%
EPS Growth	0.00%	-100.00%	0.00%	-86.43%	117.54%	-118.28%
Operating Cash Flow Growth	0.00%	-27.71%	8.98%	28.08%	-35.92%	-6.04%
Free Cash Flow Firm Growth	0.00%	0.00%	174.10%	-84.50%	-13.77%	77.64%
Invested Capital Growth	0.00%	70.08%	-144.17%	-6.47%	-4.39%	-11.52%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-3.94%	21.04%	0.52%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-18.16%	129.20%	-20.99%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-17.92%	133.42%	-23.64%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-2.14%	209.13%	-25.39%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-52.89%	263.19%	-137.72%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-49.71%	279.71%	-141.98%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	3.88%	9.67%	49.48%	24.83%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-49.17%	52.60%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-7.69%	3.32%	-2.16%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	56.17%	68.24%	72.79%	50.41%	64.69%	55.78%
EBITDA Margin	34.55%	67.98%	62.12%	33.44%	46.80%	35.17%
Operating Margin	33.00%	51.04%	55.88%	27.89%	43.26%	34.78%
EBIT Margin	32.39%	66.21%	59.75%	31.50%	45.78%	32.16%
Profit (Net Income) Margin	5.75%	39.44%	34.33%	5.49%	11.73%	-2.11%
Tax Burden Percent	101.76%	81.50%	80.82%	110.21%	78.59%	72.09%
Interest Burden Percent	17.44%	73.09%	71.09%	15.81%	32.60%	-9.10%
Effective Tax Rate	-1.76%	18.50%	19.18%	-10.21%	21.41%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	2.24%	27.16%	43.21%	9.03%	17.65%	-2.97%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	1.16%	3.67%	3.80%	1.61%	2.24%	1.48%
Return on Assets (ROA)	0.21%	2.19%	2.18%	0.28%	0.57%	-0.10%
Return on Common Equity (ROCE)	2.09%	25.39%	40.15%	8.32%	16.43%	-2.78%
Return on Equity Simple (ROE_SIMPLE)	2.40%	33.86%	90.39%	8.81%	19.22%	0.00%
Net Operating Profit after Tax (NOPAT)	5,058	9,674	11,153	5,803	6,386	4,500
NOPAT Margin	33.58%	41.60%	45.16%	30.74%	34.00%	24.35%
Net Nonoperating Expense Percent (NNEP)	-1.70%	-0.30%	-2.11%	-2.83%	-2.35%	-2.54%
Return On Investment Capital (ROIC_SIMPLE)	-	-	43.49%	21.48%	23.96%	17.04%
Cost of Revenue to Revenue	43.83%	31.76%	27.21%	49.59%	35.31%	44.22%
SG&A Expenses to Revenue	13.46%	9.05%	9.41%	12.50%	11.13%	10.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.17%	17.20%	16.91%	22.52%	21.43%	20.99%
Earnings before Interest and Taxes (EBIT)	4,879	15,398	14,757	5,947	8,597	5,944
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5,204	15,811	15,342	6,313	8,790	6,500
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.05	0.06	1.15	1.12	1.49	1.19
Price to Tangible Book Value (P/TBV)	0.05	0.06	1.15	1.12	1.49	1.19
Price to Revenue (P/Rev)	0.11	0.07	0.44	0.70	0.91	0.85
Price to Earnings (P/E)	2.62	0.20	1.32	11.98	7.64	0.00
Dividend Yield	0.00%	0.00%	2.75%	9.93%	3.07%	3.18%
Earnings Yield	38.21%	490.65%	75.58%	8.35%	13.10%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.11	0.53	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.32	0.78	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.34	0.81	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.33	1.28	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.51	5.16	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.56	1.49	1.14	1.16	0.89
Long-Term Debt to Equity	0.00	0.27	1.34	1.14	1.16	0.89
Financial Leverage	-6.40	-5.01	-6.47	-14.70	-14.28	-14.62
Leverage Ratio	10.94	12.41	19.79	32.22	30.79	30.55
Compound Leverage Factor	1.91	9.07	14.07	5.09	10.04	-2.78
Debt to Total Capital	0.00%	35.77%	59.76%	53.22%	53.76%	47.15%
Short-Term Debt to Total Capital	0.00%	18.47%	5.85%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	17.30%	53.91%	53.22%	53.76%	47.15%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	4.09%	3.66%	3.22%	3.24%	2.87%
Common Equity to Total Capital	93.40%	60.14%	36.58%	43.56%	43.00%	49.98%
Debt to EBITDA	0.00	1.02	1.00	2.28	1.63	1.92
Net Debt to EBITDA	0.00	0.56	-10.60	-27.56	-20.44	-30.95
Long-Term Debt to EBITDA	0.00	0.49	0.90	2.28	1.63	1.92
Debt to NOPAT	0.00	1.67	1.37	2.48	2.24	2.77
Net Debt to NOPAT	0.00	0.92	-14.58	-29.99	-28.13	-44.70
Long-Term Debt to NOPAT	0.00	0.81	1.24	2.48	2.24	2.77
Altman Z-Score	-0.24	0.20	0.30	0.18	0.22	0.18
Noncontrolling Interest Sharing Ratio	6.60%	6.50%	7.09%	7.88%	6.94%	6.17%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.07	0.65	1.75	0.70	1.28	1.17
Quick Ratio	0.00	0.65	1.75	0.70	1.28	1.17
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-136,385	101,060	15,661	13,505	23,990
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	-32.71	23.69	3.13	2.33	3.70
Operating Cash Flow to Interest Expense	0.83	0.58	0.61	0.67	0.37	0.31
Operating Cash Flow Less CapEx to Interest Expense	0.83	0.58	0.61	0.67	0.37	0.31
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.04	0.06	0.06	0.05	0.05	0.05
Accounts Receivable Turnover	0.00	0.00	0.00	25.00	28.74	27.16
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	14.60	12.70	13.44
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	14.60	12.70	13.44
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	-208,422	-62,363	-152,270	-162,128	-169,247	-188,737
Invested Capital Turnover	-0.07	-0.17	-0.23	-0.12	-0.11	-0.10
Increase / (Decrease) in Invested Capital	0.00	146,059	-89,907	-9,858	-7,119	-19,490
Enterprise Value (EV)	1,680	12,398	-150,855	-159,914	-161,745	-184,688
Market Capitalization	1,680	1,680	10,795	13,222	17,026	15,703
Book Value per Share	$55.93	$41.99	$14.54	$18.65	$20.15	$25.36
Tangible Book Value per Share	$55.93	$41.99	$14.54	$18.65	$20.15	$25.36
Total Capital	38,624	45,035	25,645	27,011	26,656	26,413
Total Debt	0.00	16,107	15,326	14,376	14,330	12,453
Total Long-Term Debt	0.00	7,790	13,826	14,376	14,330	12,453
Net Debt	0.00	8,876	-162,589	-174,005	-179,635	-201,150
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-140,661	-2,849	-1,969	-4,014	-2,160	-2,311
Debt-free Net Working Capital (DFNWC)	-140,661	4,382	4,796	-1,394	815	515
Net Working Capital (NWC)	-140,661	-3,935	3,296	-1,394	815	515
Net Nonoperating Expense (NNE)	4,192	502	2,674	4,767	4,183	4,890
Net Nonoperating Obligations (NNO)	-247,046	-91,291	-162,589	-174,763	-181,573	-202,697
Total Depreciation and Amortization (D&A)	325	413	585	366	193	556
Debt-free, Cash-free Net Working Capital to Revenue	-933.88%	-12.25%	-7.97%	-21.26%	-11.50%	-12.50%
Debt-free Net Working Capital to Revenue	-933.88%	18.84%	19.42%	-7.38%	4.34%	2.79%
Net Working Capital to Revenue	-933.88%	-16.92%	13.35%	-7.38%	4.34%	2.79%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$12.61	$1.72	$3.73	($0.68)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	646.10M	643.30M	598M	539.30M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$12.59	$1.71	$3.72	($0.68)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	647.40M	645.20M	599.20M	539.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	647.56M	622.55M	556.00M	481.69M
Normalized Net Operating Profit after Tax (NOPAT)	3,479	9,674	11,153	3,686	6,386	4,500
Normalized NOPAT Margin	23.10%	41.60%	45.16%	19.52%	34.00%	24.35%
Pre Tax Income Margin	5.65%	48.39%	42.48%	4.98%	14.92%	-2.93%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	1.21	3.69	3.46	1.19	1.48	0.92
NOPAT to Interest Expense	1.26	2.32	2.61	1.16	1.10	0.69
EBIT Less CapEx to Interest Expense	1.21	3.69	3.46	1.19	1.48	0.92
NOPAT Less CapEx to Interest Expense	1.26	2.32	2.61	1.16	1.10	0.69
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	52.42%	34.76%	15.96%	175.00%	33.73%	-164.87%
Augmented Payout Ratio	52.42%	34.76%	15.96%	223.07%	115.07%	-707.95%

This table displays calculated financial ratios and metrics derived from Corebridge Financial's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	481,685,891.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	481,685,891.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.11
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-15.80%	-18.77%	36.93%	-35.56%	-52.48%	97.35%	-38.49%	-26.04%	108.39%	2.58%	10.97%
EBITDA Growth	-13.07%	-142.09%	281.23%	-15.82%	-101.75%	1,193.98%	-67.23%	-41.63%	2,765.67%	-38.04%	142.17%
EBIT Growth	-12.75%	-150.41%	344.80%	-12.01%	-102.76%	1,129.66%	-70.12%	-45.66%	1,640.78%	-41.08%	149.36%
NOPAT Growth	-9.09%	-193.53%	216.10%	-16.84%	-102.56%	962.92%	-60.15%	-41.60%	1,949.02%	-37.94%	-275.80%
Net Income Growth	-18.29%	-692.26%	282.56%	-54.59%	-157.37%	266.94%	-179.44%	-295.89%	111.54%	-64.09%	90.72%
EPS Growth	-11.83%	-469.44%	301.43%	-50.00%	-161.59%	282.44%	-184.40%	-303.39%	113.37%	-61.50%	90.76%
Operating Cash Flow Growth	-36.97%	62.85%	98.67%	-100.71%	-91.85%	92.83%	-37.29%	-2,777.78%	-71.08%	27.18%	-102.40%
Free Cash Flow Firm Growth	-97.61%	0.00%	-110.65%	-109.00%	568.91%	12.24%	155.44%	170.65%	-54.93%	107.69%	29.58%
Invested Capital Growth	-0.58%	-6.47%	11.55%	9.74%	-16.27%	-4.39%	-6.13%	-6.68%	-5.54%	-11.52%	-8.82%
Revenue Q/Q Growth	-4.38%	-39.07%	74.00%	-36.43%	-29.49%	153.02%	-45.76%	-23.57%	97.38%	24.28%	-41.11%
EBITDA Q/Q Growth	70.00%	-110.82%	682.41%	-21.39%	-103.53%	6,876.12%	-82.56%	40.03%	61.05%	57.50%	-31.82%
EBIT Q/Q Growth	75.69%	-111.66%	640.92%	-20.61%	-105.51%	4,448.54%	-84.30%	44.38%	56.35%	66.29%	-33.57%
NOPAT Q/Q Growth	87.50%	-114.53%	331.05%	-23.31%	-105.78%	4,989.90%	-78.19%	-6.71%	85.81%	51.83%	-166.79%
Net Income Q/Q Growth	175.50%	-164.33%	162.13%	-58.77%	-448.09%	287.19%	-129.57%	-1.67%	120.51%	482.48%	-107.64%
EPS Q/Q Growth	177.97%	-162.50%	168.78%	-58.16%	-442.37%	285.15%	-131.82%	-0.84%	122.50%	433.33%	-107.64%
Operating Cash Flow Q/Q Growth	-19.91%	-24.66%	-22.03%	-101.51%	1,022.22%	1,681.93%	-74.65%	-169.07%	109.27%	7,737.50%	-100.48%
Free Cash Flow Firm Q/Q Growth	-98.04%	158.83%	-316.39%	15.55%	245.93%	-56.57%	2.01%	9.40%	-7.01%	95.22%	-34.75%
Invested Capital Q/Q Growth	18.42%	-7.69%	-1.29%	-1.44%	-5.09%	3.32%	-2.97%	-1.97%	-3.96%	-2.16%	-0.48%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	79.98%	-71.88%	51.90%	100.00%	33.03%	68.68%	59.42%	74.38%	52.10%	49.21%	75.43%
EBITDA Margin	69.70%	-12.37%	41.42%	51.21%	-2.56%	68.59%	22.06%	40.42%	32.98%	41.79%	48.39%
Operating Margin	60.18%	-17.23%	33.91%	44.53%	-3.90%	69.44%	30.31%	36.99%	34.82%	36.24%	53.71%
EBIT Margin	67.76%	-12.97%	40.32%	50.35%	-3.94%	67.67%	19.58%	36.99%	29.30%	39.21%	44.22%
Profit (Net Income) Margin	37.58%	-39.68%	14.17%	9.19%	-45.37%	33.57%	-18.30%	-24.34%	2.53%	11.86%	-1.54%
Tax Burden Percent	84.07%	75.50%	81.40%	74.78%	74.47%	75.97%	76.22%	109.87%	-326.19%	82.18%	-62.89%
Interest Burden Percent	65.98%	405.29%	43.18%	24.41%	1,547.57%	65.30%	-122.62%	-59.90%	-2.65%	36.79%	5.53%
Effective Tax Rate	15.93%	0.00%	18.60%	25.22%	0.00%	24.03%	0.00%	0.00%	0.00%	17.82%	162.89%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	24.92%	9.03%	18.64%	16.37%	-11.39%	17.65%	5.70%	-2.32%	7.19%	-2.97%	1.69%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	3.75%	-0.66%	2.19%	2.47%	-0.16%	3.31%	0.83%	1.47%	1.33%	1.80%	2.09%
Return on Assets (ROA)	2.08%	-2.03%	0.77%	0.45%	-1.87%	1.64%	-0.78%	-0.97%	0.11%	0.55%	-0.07%
Return on Common Equity (ROCE)	22.45%	8.32%	17.35%	15.16%	-10.56%	16.43%	5.32%	-2.17%	6.79%	-2.78%	1.58%
Return on Equity Simple (ROE_SIMPLE)	26.29%	0.00%	20.01%	17.33%	-9.92%	0.00%	6.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	2,785	-405	1,611	1,235	-71	3,491	762	711	1,320	2,004	-1,339
NOPAT Margin	50.60%	-12.06%	27.60%	33.30%	-2.73%	52.75%	21.21%	25.89%	24.38%	29.78%	-33.78%
Net Nonoperating Expense Percent (NNEP)	-0.45%	-0.55%	-0.42%	-0.48%	-0.64%	-0.71%	-0.78%	-0.75%	-0.61%	-0.63%	0.66%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.50%	-	-	-	13.10%	3.03%	2.90%	5.21%	7.59%	-5.96%
Cost of Revenue to Revenue	20.02%	171.88%	48.10%	0.00%	66.97%	31.32%	40.59%	25.62%	47.90%	50.79%	24.57%
SG&A Expenses to Revenue	11.10%	16.79%	9.80%	14.34%	18.81%	7.46%	15.15%	19.50%	8.88%	6.57%	11.81%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.80%	-54.65%	17.99%	55.47%	36.93%	-0.76%	29.11%	37.39%	17.28%	12.97%	21.72%
Earnings before Interest and Taxes (EBIT)	3,730	-435	2,353	1,868	-103	4,479	703	1,015	1,587	2,639	1,753
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,837	-415	2,417	1,900	-67	4,540	792	1,109	1,786	2,813	1,918
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.36	1.12	1.55	1.62	1.27	1.49	1.47	1.59	1.27	1.19	1.06
Price to Tangible Book Value (P/TBV)	1.36	1.12	1.55	1.62	1.27	1.49	1.47	1.59	1.27	1.19	1.06
Price to Revenue (P/Rev)	0.58	0.70	0.88	0.97	1.11	0.91	1.06	1.25	0.94	0.85	0.61
Price to Earnings (P/E)	5.17	11.98	7.37	8.75	0.00	7.64	25.51	0.00	17.42	0.00	46.91
Dividend Yield	6.41%	9.93%	7.30%	7.14%	7.13%	3.07%	2.95%	2.65%	2.96%	3.18%	4.07%
Earnings Yield	19.34%	8.35%	13.57%	11.43%	0.00%	13.10%	3.92%	0.00%	5.74%	0.00%	2.13%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.29	1.14	0.96	0.99	0.83	1.16	0.96	0.86	0.77	0.89	0.95
Long-Term Debt to Equity	1.18	1.14	0.94	0.97	0.83	1.16	0.96	0.86	0.77	0.89	0.95
Financial Leverage	-18.01	-14.70	-15.08	-16.08	-14.74	-14.28	-14.42	-14.78	-13.51	-14.62	-15.93
Leverage Ratio	40.24	32.22	30.27	32.21	31.86	30.79	30.75	31.29	28.19	30.55	32.70
Compound Leverage Factor	26.55	130.59	13.07	7.86	493.05	20.11	-37.71	-18.74	-0.75	11.24	1.81
Debt to Total Capital	56.39%	53.22%	49.00%	49.84%	45.41%	53.76%	48.96%	46.29%	43.48%	47.15%	48.63%
Short-Term Debt to Total Capital	4.71%	0.00%	1.03%	1.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	51.68%	53.22%	47.97%	48.77%	45.41%	53.76%	48.96%	46.29%	43.48%	47.15%	48.63%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.19%	3.22%	3.34%	3.47%	3.15%	3.24%	3.40%	3.54%	3.08%	2.87%	3.28%
Common Equity to Total Capital	39.42%	43.56%	47.67%	46.70%	51.44%	43.00%	47.63%	50.18%	53.45%	49.98%	48.10%
Debt to EBITDA	1.55	2.28	1.47	1.52	3.13	1.63	1.72	1.78	1.34	1.92	1.43
Net Debt to EBITDA	-20.93	-27.56	-22.03	-23.05	-49.41	-20.44	-26.11	-29.95	-24.20	-30.95	-26.38
Long-Term Debt to EBITDA	1.42	2.28	1.44	1.48	3.13	1.63	1.72	1.78	1.34	1.92	1.43
Debt to NOPAT	2.02	2.48	2.07	2.10	5.82	2.24	2.31	2.59	1.83	2.77	2.97
Net Debt to NOPAT	-27.23	-29.99	-31.03	-31.90	-91.74	-28.13	-35.06	-43.61	-33.01	-44.70	-54.66
Long-Term Debt to NOPAT	1.85	2.48	2.03	2.05	5.82	2.24	2.31	2.59	1.83	2.77	2.97
Altman Z-Score	0.20	0.13	0.18	0.16	0.13	0.19	0.14	0.14	0.14	0.15	0.14
Noncontrolling Interest Sharing Ratio	9.93%	7.88%	6.92%	7.40%	7.27%	6.94%	6.61%	6.74%	5.61%	6.17%	6.53%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.46	0.70	1.49	1.08	1.20	1.28	1.13	1.10	1.12	1.17	1.12
Quick Ratio	1.46	0.70	1.49	1.08	1.20	1.28	1.13	1.10	1.12	1.17	1.12
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,652	9,453	-19,823	-16,742	24,431	10,610	10,824	11,841	11,010	21,494	14,025
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	2.88	7.12	-14.83	-11.86	16.39	6.83	6.92	7.30	6.76	12.89	8.47
Operating Cash Flow to Interest Expense	0.80	0.58	0.45	-0.01	0.06	0.95	0.24	-0.16	0.01	1.13	-0.01
Operating Cash Flow Less CapEx to Interest Expense	0.80	0.58	0.45	-0.01	0.06	0.95	0.24	-0.16	0.01	1.13	-0.01
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.06	0.05	0.05	0.05	0.04	0.05	0.04	0.04	0.05	0.05	0.05
Accounts Receivable Turnover	27.84	25.00	30.73	27.09	22.06	28.74	26.37	24.06	28.05	27.16	31.40
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	13.11	14.60	11.88	13.48	16.55	12.70	13.84	15.17	13.01	13.44	11.62
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	13.11	14.60	11.88	13.48	16.55	12.70	13.84	15.17	13.01	13.44	11.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-150,555	-162,128	-164,213	-166,573	-175,057	-169,247	-174,275	-177,703	-184,747	-188,737	-189,639
Invested Capital Turnover	-0.13	-0.12	-0.12	-0.10	-0.10	-0.11	-0.10	-0.09	-0.10	-0.10	-0.10
Increase / (Decrease) in Invested Capital	-867	-9,858	21,434	17,977	-24,502	-7,119	-10,062	-11,130	-9,690	-19,490	-15,364
Enterprise Value (EV)	-149,171	-159,914	-159,576	-159,758	-171,402	-161,745	-168,702	-170,471	-181,024	-184,688	-188,951
Market Capitalization	11,407	13,222	17,986	17,811	17,263	17,026	17,553	19,534	17,265	15,703	11,493
Book Value per Share	$13.16	$18.65	$18.55	$17.98	$22.99	$20.15	$21.55	$22.36	$25.14	$25.36	$22.43
Tangible Book Value per Share	$13.16	$18.65	$18.55	$17.98	$22.99	$20.15	$21.55	$22.36	$25.14	$25.36	$22.43
Total Capital	21,223	27,011	24,284	23,547	26,456	26,656	25,151	24,518	25,338	26,413	22,465
Total Debt	11,967	14,376	11,898	11,735	12,014	14,330	12,315	11,349	11,016	12,453	10,924
Total Long-Term Debt	10,967	14,376	11,648	11,485	12,014	14,330	12,315	11,349	11,016	12,453	10,924
Net Debt	-161,468	-174,005	-178,372	-178,385	-189,499	-179,635	-187,111	-190,872	-199,069	-201,150	-201,180
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3,790	-4,014	-4,051	-2,233	-2,162	-2,160	-2,221	-2,229	-2,311	-2,311	-2,439
Debt-free Net Working Capital (DFNWC)	3,519	-1,394	2,635	496	565	815	373	299	349	515	371
Net Working Capital (NWC)	2,519	-1,394	2,385	246	565	815	373	299	349	515	371
Net Nonoperating Expense (NNE)	716	926	784	894	1,116	1,269	1,419	1,379	1,183	1,206	-1,278
Net Nonoperating Obligations (NNO)	-159,811	-174,763	-176,599	-178,385	-189,499	-181,573	-187,111	-190,872	-199,069	-202,697	-201,180
Total Depreciation and Amortization (D&A)	107	20	64	32	36	61	89	94	199	174	165
Debt-free, Cash-free Net Working Capital to Revenue	-19.28%	-21.26%	-19.81%	-12.13%	-13.93%	-11.50%	-13.43%	-14.32%	-12.57%	-12.50%	-12.92%
Debt-free Net Working Capital to Revenue	17.91%	-7.38%	12.88%	2.69%	3.64%	4.34%	2.26%	1.92%	1.90%	2.79%	1.97%
Net Working Capital to Revenue	12.82%	-7.38%	11.66%	1.34%	3.64%	4.34%	2.26%	1.92%	1.90%	2.79%	1.97%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.29	($2.05)	$1.41	$0.60	($2.02)	$3.74	($1.19)	($1.20)	$0.27	$1.44	($0.11)
Adjusted Weighted Average Basic Shares Outstanding	639M	643.30M	624M	611.60M	587.10M	598M	558M	550.30M	539.10M	539.30M	473.50M
Adjusted Diluted Earnings per Share	$3.28	($2.05)	$1.41	$0.59	($2.02)	$3.74	($1.19)	($1.20)	$0.27	$1.44	($0.11)
Adjusted Weighted Average Diluted Shares Outstanding	641M	645.20M	624.90M	612.60M	587.10M	599.20M	558M	550.30M	540.60M	539.30M	473.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	631.02M	622.55M	611.64M	592.01M	568.87M	556.00M	550.27M	538.68M	520.49M	481.69M	456.73M
Normalized Net Operating Profit after Tax (NOPAT)	2,785	-405	1,611	1,235	-71	3,491	762	711	1,320	2,004	1,490
Normalized NOPAT Margin	50.60%	-12.06%	27.60%	33.30%	-2.73%	52.75%	21.21%	25.89%	24.38%	29.78%	37.60%
Pre Tax Income Margin	44.70%	-52.56%	17.41%	12.29%	-60.93%	44.19%	-24.01%	-22.16%	-0.78%	14.43%	2.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.94	-0.33	1.76	1.32	-0.07	2.88	0.45	0.63	0.97	1.58	1.06
NOPAT to Interest Expense	2.19	-0.30	1.20	0.87	-0.05	2.25	0.49	0.44	0.81	1.20	-0.81
EBIT Less CapEx to Interest Expense	2.94	-0.33	1.76	1.32	-0.07	2.88	0.45	0.63	0.97	1.58	1.06
NOPAT Less CapEx to Interest Expense	2.19	-0.30	1.20	0.87	-0.05	2.25	0.49	0.44	0.81	1.20	-0.81
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	58.34%	175.00%	77.12%	71.98%	-99.78%	33.73%	100.70%	-250.34%	79.30%	-164.87%	303.40%
Augmented Payout Ratio	69.53%	223.07%	109.11%	123.24%	-221.70%	115.07%	360.78%	-852.07%	215.67%	-707.95%	1,782.52%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends from Corebridge Financial's quarterly statements (income statement, cash flow, and balance sheet) covering the last several years. The focus is on notable changes and what they could mean for a retail investor.

Q4 2025 total revenue was 6,731,000,000 USD, up from 6,619,000,000 USD in Q4 2024, indicating ongoing top‑line stability and modest growth.
Q4 2025 net income attributable to common shareholders rose to 814,000,000 USD from 664,000,000 USD in Q4 2024, signaling improved earnings allocation to common shareholders in the latest quarter.
Q4 2025 operating cash flow from continuing operations was 1,881,000,000 USD, higher than 1,471,000,000 USD in Q4 2024, showing stronger cash generation from core operations.
Q4 2025 net change in cash and equivalents was a positive 131,000,000 USD, supporting near‑term liquidity.
Total assets expanded to about 411.294 billion USD by Q3 2025, up from about 390.022 billion USD in Q3 2024, reflecting a growing balance sheet footprint.
Total common equity rose to about 13.542 billion USD in Q3 2025 from roughly 11.980 billion USD in Q3 2024, indicating a stronger equity base over the period.
Net cash from financing activities in Q4 2025 was positive at about 1.72 billion USD, suggesting ongoing financing options to support liquidity and growth initiatives.
Long‑term investments remained extremely large (around 199–208 billion USD across recent periods), indicating a substantial asset base and exposure to rate sensitivity rather than immediate earnings impact.
Investing activities were net negative in several quarters due to significant purchases of investments (e.g., Purchase of Investments around −13.1 to −13.5 billion USD in Q3–Q4 2025), which reflects capital deployment rather than cash burn but reduces near‑term cash from investing activities.
Noncurrent operating liabilities are very large (e.g., Other Noncurrent Operating Liabilities around 383 billion USD in Q3 2025), raising potential future liability/cash outflow considerations and heightening balance‑sheet leverage concerns alongside elevated interest expense (approximately 1.6–1.7 billion USD per quarter in recent periods).

05/24/26 03:59 PM ETAI Generated. May Contain Errors.

Corebridge Financial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Corebridge Financial's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Corebridge Financial's net income appears to be on a downward trend, with a most recent value of -$390 million in 2025, falling from $866 million in 2020. The previous period was $2.20 billion in 2024. View Corebridge Financial's forecast to see where analysts expect Corebridge Financial to go next.

Corebridge Financial's total operating income in 2025 was $6.43 billion, based on the following breakdown:

Total Gross Profit: $10.31 billion
Total Operating Expenses: $3.88 billion

Over the last 5 years, Corebridge Financial's total revenue changed from $15.06 billion in 2020 to $18.48 billion in 2025, a change of 22.7%.

Corebridge Financial's total liabilities were at $399.59 billion at the end of 2025, a 6.0% increase from 2024, and a 4.1% increase since 2020.

In the past 5 years, Corebridge Financial's cash and equivalents has ranged from $0.00 in 2020 to $806 million in 2024, and is currently $447 million as of their latest financial filing in 2025.

Over the last 5 years, Corebridge Financial's book value per share changed from 55.93 in 2020 to 25.36 in 2025, a change of -54.7%.

Related Companies

Financial statements for NYSE:CRBG last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Corebridge Financial (CRBG) Financials

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Corebridge Financial (CRBG) Financials

Annual Income Statements for Corebridge Financial

Quarterly Income Statements for Corebridge Financial

Annual Cash Flow Statements for Corebridge Financial

Quarterly Cash Flow Statements for Corebridge Financial

Annual Balance Sheets for Corebridge Financial

Quarterly Balance Sheets for Corebridge Financial

Annual Metrics And Ratios for Corebridge Financial

Quarterly Metrics And Ratios for Corebridge Financial

Financials Breakdown Chart

Key Financial Trends

Corebridge Financial Financials - Frequently Asked Questions

When does Corebridge Financial's fiscal year end?

How has Corebridge Financial's net income changed over the last 5 years?

What is Corebridge Financial's operating income?

How has Corebridge Financial's revenue changed over the last 5 years?

How much debt does Corebridge Financial have?

How much cash does Corebridge Financial have?

How has Corebridge Financial's book value per share changed over the last 5 years?

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