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CRBG

Corebridge Financial, Inc.

CRBG

Corebridge Financial, Inc. • NYSE
$30.02 ▼ -0.03% (-0.01)
Market Cap $16.64 B
52w High $36.57
52w Low $23.69
Dividend Yield 0.95%
P/E 20.42
Volume 1.70M
Outstanding Shares 554.20M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $724M ▼ $631M ▼ $144M ▲ 19.89% ▲ $0.267 ▲ $292M ▲
Q2-2025 $737M ▲ $1.208B ▼ $-660M ▲ -89.552% ▲ $-1.2 ▼ $-377M ▲
Q1-2025 $708M ▲ $1.422B ▲ $-664M ▼ -93.785% ▼ $-1.19 ▼ $-625M ▼
Q4-2024 $706M ▲ $-2.364B ▼ $2.171B ▲ 307.507% ▲ $3.87 ▲ $3.131B ▲
Q3-2024 $704M $2.165B $-1.184B -168.182% $-2.02 $-1.425B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $64.47B ▲ $411.294B ▲ $396.972B ▲ $13.542B ▲
Q2-2025 $63.229B ▼ $399.163B ▲ $385.994B ▲ $12.302B ▲
Q1-2025 $65.218B ▲ $390.022B ▲ $377.186B ▲ $11.98B ▲
Q4-2024 $63.916B ▼ $389.397B ▼ $377.071B ▼ $11.462B ▼
Q3-2024 $66.002B $399.422B $384.98B $13.608B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $137M ▲ $24M ▲ $-3.317B ▼ $3.317B ▲ $26M ▲ $24M ▲
Q2-2025 $-668M ▼ $-259M ▼ $-2.672B ▲ $2.828B ▼ $-103M ▲ $-259M ▼
Q1-2025 $-657M ▼ $375M ▼ $-3.873B ▼ $3.074B ▲ $-425M ▼ $375M ▼
Q4-2024 $2.222B ▲ $1.479B ▲ $-1.349B ▲ $146M ▼ $277M ▲ $1.479B ▲
Q3-2024 $-1.187B $83M $-6.223B $6.034B $-106M $83M

Revenue by Products

Product Q2-2023Q3-2023Q4-2023Q1-2024
Corporate and Other
Corporate and Other
 $60.00M ▲$20.00M ▼$40.00M ▲$20.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Corebridge’s earnings profile is solid but somewhat noisy, which is common in insurance and asset-heavy financial businesses. Revenue has swung around in recent years, but the company has generally stayed profitable, with recent results showing better bottom-line performance than the prior year despite a weaker top line. This suggests management has some control over costs and mix of business, and that reported revenue alone doesn’t tell the full story. Still, the volatility in both revenue and earnings means results can change meaningfully year to year, especially as markets and interest rates move.

Balance Sheet

Balance Sheet The balance sheet is large and complex, reflecting a major insurance and retirement platform. Total assets have stayed broadly stable over time, which implies no dramatic expansion or contraction of the business. Debt is meaningful but has not been growing aggressively, while shareholder equity is relatively thin compared with total assets and has trended down from earlier years. That points to a fairly leveraged structure, which is typical for life and retirement insurers but still something that makes the firm sensitive to investment performance, interest rates, and capital management decisions.

Cash Flow

Cash Flow Cash generation looks steady and healthy. Operating cash flow has been consistently positive, and free cash flow closely tracks it, since the business does not require heavy spending on physical assets. This pattern suggests the company can regularly generate surplus cash after its basic investment needs, giving it flexibility for debt service, dividends, buybacks, or strategic moves. The main risk is less about cash production and more about how that cash must be reserved and regulated within the insurance framework.

Competitive Edge

Competitive Edge Corebridge holds a strong position in U.S. retirement and insurance markets, backed by scale, brand recognition from its AIG legacy, and a very broad distribution network that reaches advisors, agents, banks, and large institutions. Its partnership with Blackstone gives it access to specialized investment capabilities that many rivals lack, which can support returns if managed prudently. The product lineup is wide and tailored to different customer segments, from individual retirement savers to institutions. The main challenges are intense competition, pressure on fees, and the need to stay attractive to both advisors and direct customers in a crowded field.

Innovation and R&D

Innovation and R&D The company is leaning into digital transformation rather than standing still. It has built a more modern digital platform for retirement participants, emphasizing personalized dashboards, planning tools, and mobile access, which should improve client engagement and make advisors’ lives easier. Behind the scenes, Corebridge is using cloud infrastructure and data tools to streamline operations and lower costs. On the product side, it has been introducing more flexible annuities and life products, including advisory-friendly offerings for registered investment advisors and more tailored term and index-linked solutions. This blend of digital upgrades and product innovation is aimed at defending and slowly expanding its moat rather than radical disruption.

Summary

Corebridge is a large, established retirement and insurance business with a solid profit record and steady cash generation, even though reported revenue and earnings can swing from year to year. Its balance sheet looks typical for a big insurer—highly leveraged on paper but supported by a large asset base and regulated capital framework. Competitive strength comes from scale, broad distribution, a strong investment partnership, and a wide product shelf, while ongoing digital and product innovation help it stay relevant in a competitive, rate-sensitive market. Key things to watch over time are how well it manages interest-rate and market risks, maintains capital strength, and executes on its efficiency and technology initiatives.

NEWS

November 4, 2025 · 8:09 PM UTC

Corebridge Financial Announces Pricing of Secondary Offering of Common Stock by AIG

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November 4, 2025 · 4:23 PM UTC

Corebridge Financial Announces Launch of Secondary Offering of Common Stock by AIG

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November 3, 2025 · 4:15 PM UTC

Corebridge Financial Announces Third Quarter 2025 Results

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October 31, 2025 · 4:15 PM UTC

Corebridge Financial Announces Chief Financial Officer Transition

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October 23, 2025 · 4:15 PM UTC

Corebridge Financial Elects Tomohiro Yao to Board of Directors

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