Corebridge Financial
CRBG · NYSELife Insurance · Fiscal year ends Dec 31
Corebridge Financial reported revenue of $18.5B in the fiscal year ended Dec 2025, down 1.2% from the year before. Net income was −$366M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $23.3B | $24.7B | $18.8B | $18.7B | $18.5B |
| Selling, general & admin | $2.1B | $2.3B | $2.3B | $2B | $2B |
| Interest expense | $389M | $534M | $580M | $554M | $552M |
| Pre-tax income | $11.3B | $10.5B | $940M | $2.8B | −$541M |
| Income tax | $2.1B | $2B | −$96M | $600M | −$151M |
| Net income | $8.2B | $8.2B | $1.1B | $2.2B | −$366M |
| Diluted EPS | – | 12.60 | 1.71 | 3.72 | −0.68 |
| Diluted shares | – | 647M | 645M | 599M | 539M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $601M | $633M | $628M | $824M | $453M |
| Net PP&E | $323M | $440M | – | – | – |
| Goodwill | $192M | $175M | $117M | – | – |
| Total assets | $416B | $360B | $379B | $389B | $414B |
| Short-term debt | $8.3B | $1.5B | $250M | $1.1B | $0 |
| Long-term debt | $427M | $7.9B | – | – | – |
| Total liabilities | $387B | $350B | $367B | $377B | $400B |
| Shareholders' equity | $27.1B | $9.4B | $11.8B | $11.5B | $13.2B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $2.4B | $2.6B | $3.4B | $2.2B | $2B |
| Depreciation & amortisation | $413M | $585M | $366M | $193M | $556M |
| Stock-based compensation | $88M | $75M | $60M | $58M | $67M |
| Acquisitions | $0 | $107M | $5M | $0 | $0 |
| Share buybacks | $0 | $0 | $498M | $1.8B | $2.1B |
| Dividends paid | $0 | $876M | $1.7B | $544M | $511M |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 6.2% | −23.9% | −0.5% | −1.2% |
| EPS growth (YoY) | – | – | −86.4% | 117.5% | −118.3% |
| Net margin | 35.4% | 33.0% | 5.9% | 11.9% | −2.0% |
| Return on equityBlank when equity is negative | 30.4% | 87.0% | 9.4% | 19.5% | −2.8% |
| Cash conversion (CFO ÷ net income) | 0.29x | 0.32x | 3.04x | 0.96x | −5.52x |
| Debt ÷ equity | 0.32x | 1.00x | – | – | – |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $8.1B | $8.7B | – | – | – |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.