
Corebridge Financial (CRBG) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
3.0B
Net Income
-668.0M
-22.24%
EPS (Diluted)
$-1.20
Balance Sheet Metrics
Total Assets
390.0B
Total Liabilities
377.2B
Shareholders Equity
12.8B
Debt to Equity
29.39
Cash Flow Metrics
Operating Cash Flow
-1.0B
Free Cash Flow
375.0M
Revenue & Profitability Trend
Corebridge Financial Income Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Revenue | 19.1B | 19.1B | 25.8B | 23.6B | 15.1B |
Cost of Goods Sold | - | - | - | 13.7B | 11.6B |
Gross Profit | - | - | - | -3.8B | -3.3B |
Gross Margin % | 0.0% | 0.0% | 0.0% | -16.1% | -21.9% |
Operating Expenses | |||||
Research & Development | - | - | - | - | - |
Selling, General & Administrative | 2.1B | 2.4B | 2.3B | 2.1B | 2.0B |
Other Operating Expenses | 48.0M | 204.0M | 120.0M | -141.0M | - |
Total Operating Expenses | 2.1B | 2.6B | 2.4B | 2.0B | 2.0B |
Operating Income | - | - | - | -5.9B | -5.3B |
Operating Margin % | 0.0% | 0.0% | 0.0% | -25.0% | -35.4% |
Non-Operating Items | |||||
Interest Income | - | - | - | - | - |
Interest Expense | 554.0M | 580.0M | 534.0M | 389.0M | 490.0M |
Other Non-Operating Income | 429.0M | 417.0M | 550.0M | 578.0M | 519.0M |
Pre-tax Income | 2.8B | 940.0M | 10.5B | 11.3B | 851.0M |
Income Tax | 600.0M | -96.0M | 2.0B | 2.1B | -15.0M |
Effective Tax Rate % | 21.4% | -10.2% | 19.2% | 18.5% | -1.8% |
Net Income | 2.2B | 1.0B | 8.5B | 9.2B | 866.0M |
Net Margin % | 11.6% | 5.4% | 32.9% | 38.9% | 5.7% |
Key Metrics | |||||
EBITDA | - | - | - | -5.3B | -5.0B |
EPS (Basic) | $3.97 | $1.72 | $12.63 | $12.78 | $1.00 |
EPS (Diluted) | $3.72 | $1.71 | $12.60 | $12.78 | $1.00 |
Basic Shares Outstanding | 561485033 | 643300000 | 646100000 | 645000000 | 645000000 |
Diluted Shares Outstanding | 561485033 | 643300000 | 646100000 | 645000000 | 645000000 |
Income Statement Trend
Corebridge Financial Balance Sheet From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 806.0M | 612.0M | 552.0M | 537.0M | 654.0M |
Short-term Investments | 63.1B | 170.9B | 161.2B | 204.0B | 207.2B |
Accounts Receivable | 713.0M | 594.0M | 916.0M | 884.0M | 860.0M |
Inventory | - | - | - | - | - |
Other Current Assets | - | - | - | - | - |
Total Current Assets | - | - | - | 48.0B | 50.8B |
Non-Current Assets | |||||
Property, Plant & Equipment | - | - | - | - | - |
Goodwill | - | - | - | - | - |
Intangible Assets | - | - | - | - | - |
Long-term Investments | - | - | - | - | - |
Other Non-Current Assets | - | - | - | 156.7B | 146.6B |
Total Non-Current Assets | - | - | - | 368.2B | 359.3B |
Total Assets | 389.4B | - | - | 416.2B | 410.2B |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | - | - | - | 35.1B | 36.8B |
Short-term Debt | 1.1B | 250.0M | 1.5B | 8.3B | 0 |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | - | - | - | - | - |
Total Current Liabilities | - | - | - | 43.5B | 36.8B |
Non-Current Liabilities | |||||
Long-term Debt | 11.3B | 11.6B | 13.8B | 7.4B | 11.2B |
Deferred Tax Liabilities | - | - | - | - | - |
Other Non-Current Liabilities | - | - | - | 336.5B | 322.3B |
Total Non-Current Liabilities | - | - | - | 343.8B | 333.5B |
Total Liabilities | 377.1B | - | - | 387.3B | 370.3B |
Equity | |||||
Common Stock | 7.0M | 6.0M | 6.0M | 6.0M | 6.0M |
Retained Earnings | 19.3B | 17.6B | 18.2B | 8.9B | 0 |
Treasury Stock | 2.3B | 503.0M | 0 | - | - |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | 12.3B | 12.6B | 10.3B | 28.9B | 39.8B |
Key Metrics | |||||
Total Debt | 12.4B | 11.9B | 15.3B | 15.7B | 11.2B |
Working Capital | 0 | 0 | 0 | 4.6B | 14.1B |
Balance Sheet Composition
Corebridge Financial Cash Flow Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | 2.2B | 1.0B | 8.5B | 9.2B | 866.0M |
Depreciation & Amortization | - | - | - | 562.0M | 325.0M |
Stock-Based Compensation | - | - | - | - | - |
Working Capital Changes | -230.0M | 637.0M | 2.3B | -1.2B | -49.0M |
Operating Cash Flow | 2.0B | 1.7B | 10.7B | 8.9B | 1.2B |
Investing Activities | |||||
Capital Expenditures | - | - | - | - | - |
Acquisitions | 577.0M | 742.0M | -107.0M | 1.1B | 0 |
Investment Purchases | -32.8B | -22.1B | -25.6B | -41.2B | -39.0B |
Investment Sales | 27.2B | 18.6B | 25.1B | 39.6B | 30.9B |
Investing Cash Flow | -5.2B | -2.5B | -864.0M | -683.0M | -8.4B |
Financing Activities | |||||
Share Repurchases | -1.8B | -498.0M | 0 | 0 | - |
Dividends Paid | -544.0M | -1.7B | -876.0M | -1.6B | -472.0M |
Debt Issuance | 1.6B | 1.5B | 8.4B | 4.7B | 2.3B |
Debt Repayment | -1.2B | -1.8B | -9.5B | -5.9B | -2.5B |
Financing Cash Flow | 8.8B | 1.4B | -3.0B | -1.0B | 4.0B |
Free Cash Flow | 2.2B | 3.4B | 2.6B | 2.4B | 3.3B |
Net Change in Cash | 5.6B | 609.0M | 6.9B | 7.2B | -3.1B |
Cash Flow Trend
Corebridge Financial Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
30.63
Forward P/E
5.82
Price to Book
1.44
Price to Sales
1.09
PEG Ratio
-0.10
Profitability Ratios
Profit Margin
-2.10%
Operating Margin
-9.46%
Return on Equity
-2.32%
Return on Assets
0.19%
Financial Health
Current Ratio
1.26
Debt to Equity
108.96
Beta
0.92
Per Share Data
EPS (TTM)
$-0.68
Book Value per Share
$22.65
Revenue per Share
$28.41
Peer Financial Comparison
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
crbg | 18.1B | 30.63 | 1.44 | -2.32% | -2.10% | 108.96 |
BlackRock | 179.7B | 28.09 | 3.66 | 13.92% | 29.69% | 28.51 |
Brookfield | 103.4B | 232.59 | 2.46 | 0.95% | 0.73% | 156.81 |
Brookfield Asset | 97.1B | 40.42 | 11.01 | 20.76% | 55.92% | 11.33 |
Ameriprise | 49.1B | 17.70 | 8.08 | 58.24% | 17.74% | 53.93 |
State Street | 33.7B | 13.08 | 1.40 | 10.95% | 21.39% | 1.96 |
Financial data is updated regularly. All figures are in the company's reporting currency.