Corebridge Financial (CRBG) | Financial Analysis & Statements
Corebridge Financial Inc. Large-cap Financial Services
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
6.7B
Net Income
798.0M
11.93%
Balance Sheet Metrics
Total Assets
413.5B
Total Liabilities
399.6B
Shareholders Equity
14.0B
Debt to Equity
28.62
Cash Flow Metrics
Operating Cash Flow
1.1B
Free Cash Flow
1.9B
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Corebridge Financial Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 18.0B | 19.1B | 19.1B | 25.8B | 23.6B |
| Cost of Goods Sold | - | - | - | - | 13.7B |
| Gross Profit | - | - | - | - | -3.8B |
| Gross Margin % | 0.0% | 0.0% | 0.0% | 0.0% | -16.1% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 2.0B | 2.1B | 2.4B | 2.3B | 2.1B |
| Other Operating Expenses | 22.0M | 48.0M | 204.0M | 120.0M | -141.0M |
| Total Operating Expenses | 2.0B | 2.1B | 2.6B | 2.4B | 2.0B |
| Operating Income | - | - | - | - | -5.9B |
| Operating Margin % | 0.0% | 0.0% | 0.0% | 0.0% | -25.0% |
| Non-Operating Items | |||||
| Interest Income | - | - | - | - | - |
| Interest Expense | 552.0M | 554.0M | 580.0M | 534.0M | 389.0M |
| Other Non-Operating Income | 208.0M | 429.0M | 417.0M | 550.0M | 578.0M |
| Pre-tax Income | -541.0M | 2.8B | 940.0M | 10.5B | 11.3B |
| Income Tax | -151.0M | 600.0M | -96.0M | 2.0B | 2.1B |
| Effective Tax Rate % | 0.0% | 21.4% | -10.2% | 19.2% | 18.5% |
| Net Income | -390.0M | 2.2B | 1.0B | 8.5B | 9.2B |
| Net Margin % | -2.2% | 11.6% | 5.4% | 32.9% | 38.9% |
| Key Metrics | |||||
| EBITDA | - | - | - | - | -5.3B |
| EPS (Basic) | $-0.68 | $3.97 | $1.72 | $12.63 | $12.78 |
| EPS (Diluted) | $-0.68 | $3.72 | $1.71 | $12.60 | $12.78 |
| Basic Shares Outstanding | 539300000 | 561485033 | 643300000 | 646100000 | 645000000 |
| Diluted Shares Outstanding | 539300000 | 561485033 | 643300000 | 646100000 | 645000000 |
Income Statement Trend
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Corebridge Financial Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 447.0M | 806.0M | 612.0M | 552.0M | 537.0M |
| Short-term Investments | 66.1B | 63.1B | 170.9B | 161.2B | 204.0B |
| Accounts Receivable | 648.0M | 713.0M | 594.0M | 916.0M | 884.0M |
| Inventory | - | - | - | - | - |
| Other Current Assets | - | - | - | - | - |
| Total Current Assets | - | - | - | - | 48.0B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | - | - | - | - | - |
| Goodwill | - | - | - | - | - |
| Intangible Assets | - | - | - | - | - |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | 156.7B |
| Total Non-Current Assets | - | - | - | - | 368.2B |
| Total Assets | 413.5B | 389.4B | - | - | 416.2B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | - | - | - | - | 35.1B |
| Short-term Debt | 0 | 1.1B | 250.0M | 1.5B | 8.3B |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | - | - | - | - | 43.5B |
| Non-Current Liabilities | |||||
| Long-term Debt | 10.9B | 11.3B | 11.6B | 13.8B | 7.4B |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | 336.5B |
| Total Non-Current Liabilities | - | - | - | - | 343.8B |
| Total Liabilities | 399.6B | 377.1B | - | - | 387.3B |
| Equity | |||||
| Common Stock | 7.0M | 7.0M | 6.0M | 6.0M | 6.0M |
| Retained Earnings | 18.4B | 19.3B | 17.6B | 18.2B | 8.9B |
| Treasury Stock | 4.4B | 2.3B | 503.0M | 0 | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 14.0B | 12.3B | 12.6B | 10.3B | 28.9B |
| Key Metrics | |||||
| Total Debt | 10.9B | 12.4B | 11.9B | 15.3B | 15.7B |
| Working Capital | 0 | 0 | 0 | 0 | 4.6B |
Balance Sheet Composition
Corebridge Financial Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | -390.0M | 2.2B | 1.0B | 8.5B | 9.2B |
| Depreciation & Amortization | - | - | - | - | 562.0M |
| Stock-Based Compensation | - | - | - | - | - |
| Working Capital Changes | -692.0M | -230.0M | 637.0M | 2.3B | -1.2B |
| Operating Cash Flow | -1.1B | 2.0B | 1.7B | 10.7B | 8.9B |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Acquisitions | 0 | 577.0M | 742.0M | -107.0M | 1.1B |
| Investment Purchases | -51.0B | -32.8B | -22.1B | -25.6B | -41.2B |
| Investment Sales | 38.7B | 27.2B | 18.6B | 25.1B | 39.6B |
| Investing Cash Flow | -12.4B | -5.2B | -2.5B | -864.0M | -683.0M |
| Financing Activities | |||||
| Share Repurchases | -2.1B | -1.8B | -498.0M | 0 | 0 |
| Dividends Paid | -511.0M | -544.0M | -1.7B | -876.0M | -1.6B |
| Debt Issuance | 153.0M | 1.6B | 1.5B | 8.4B | 4.7B |
| Debt Repayment | -1.7B | -1.2B | -1.8B | -9.5B | -5.9B |
| Financing Cash Flow | 8.4B | 8.8B | 1.4B | -3.0B | -1.0B |
| Free Cash Flow | 2.0B | 2.2B | 3.4B | 2.6B | 2.4B |
| Net Change in Cash | -5.1B | 5.6B | 609.0M | 6.9B | 7.2B |
Cash Flow Trend
Corebridge Financial Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
21.39
Forward P/E
4.53
Price to Book
1.04
Price to Sales
0.69
PEG Ratio
4.53
Profitability Ratios
Profit Margin
-1.97%
Operating Margin
15.12%
Return on Equity
-2.97%
Return on Assets
0.10%
Financial Health
Current Ratio
1.25
Debt to Equity
110.93
Beta
1.03
Per Share Data
EPS (TTM)
$-0.68
Book Value per Share
$25.60
Revenue per Share
$34.52
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| CRBG | 12.8B | 21.39 | 1.04 | -2.97% | -1.97% | 110.93 |
| BlackRock | 162.5B | 26.32 | 2.90 | 9.02% | 24.40% | 24.37 |
| Brookfield | 102.6B | 92.57 | 2.32 | 1.95% | 1.68% | 164.04 |
| Brookfield Asset | 78.3B | 31.31 | 9.55 | 22.31% | 51.59% | 28.52 |
| Ameriprise | 49.1B | 17.70 | 8.08 | 58.24% | 17.74% | 53.93 |
| State Street | 42.2B | 15.49 | 1.75 | 11.26% | 21.30% | 1.04 |
Financial data is updated regularly. All figures are in the company's reporting currency.






