Corebridge Financial, Inc. CRBG
We are one of the largest providers of retirement solutions and insurance products in the United States, committed to helping individuals plan, save for and achieve secure financial futures. Our addressable markets are large, with powerful, long-term secular trends given an aging U.S. population and a growing need for retirement solutions. We offer a broad set of products and services through our market leading Individual Retirement, Group Retirement, Life Insurance and Institutional Markets businesses, each of which features capabilities and industry experience we believe are difficult to replicate. These four businesses collectively seek to enhance stockholder returns while maintaining our attractive risk profile, which has historically resulted in consistent and strong cash flow generation.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $18.48B | $18.71B | $18.80B | $24.70B | $23.26B | $15.06B | — |
| SG&A | $2.00B | $2.02B | $2.28B | $2.32B | $2.10B | $2.03B | — |
| Total operating expenses | — | — | — | $773.0M | -$2.23B | $132.0M | — |
| Interest expense | $552.0M | $554.0M | $580.0M | $534.0M | $389.0M | $490.0M | — |
| Pre-tax income | -$541.0M | $2.80B | $940.0M | $10.49B | $11.25B | $851.0M | — |
| Income tax | $151.0M | $600.0M | $96.0M | $2.01B | $2.08B | $15.0M | — |
| Net income | -$390.0M | $2.20B | $1.04B | $8.48B | $8.24B | $642.0M | — |
| EPS, basic | -0.68 | 3.73 | 1.72 | 12.63 | — | — | — |
| EPS, diluted | -0.68 | 3.72 | 1.71 | 12.60 | — | — | — |
| Shares, diluted (wtd. avg.) | $539.3M | $599.2M | $645.2M | $647.4M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $453.0M | $824.0M | $628.0M | $633.0M | $601.0M | $918.0M | $827.0M |
| Property, plant and equipment | — | — | — | $440.0M | $323.0M | $403.0M | — |
| Goodwill | — | — | $117.0M | $175.0M | $192.0M | $218.0M | $208.0M |
| Other intangibles | — | — | $0 | $12.0M | $18.0M | $31.0M | $35.0M |
| Total assets | $413.55B | $389.40B | $379.27B | $360.32B | $416.21B | $422.44B | — |
| Short-term debt | $0 | $1.10B | $250.0M | $1.50B | $8.32B | — | — |
| Long-term debt | — | — | — | $7.87B | $427.0M | — | — |
| Total liabilities | $399.59B | $377.07B | $366.63B | $350.00B | $387.28B | $383.76B | — |
| Retained earnings | $18.37B | $19.26B | $17.57B | $18.21B | $8.86B | $23.77B | — |
| Total equity | $13.20B | $11.46B | $12.63B | $10.32B | $28.99B | $36.08B | $33.68B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.02B | $2.15B | $3.36B | $2.62B | $2.40B | $3.33B | — |
| Depreciation and amortisation | $556.0M | $193.0M | $366.0M | $585.0M | $413.0M | $325.0M | — |
| Investing cash flow | -$13.33B | -$11.54B | -$5.48B | -$7.25B | -$1.97B | -$7.91B | — |
| Financing cash flow | $10.94B | $9.58B | $2.11B | $4.67B | -$753.0M | $4.67B | — |
| Dividends paid | $511.0M | $544.0M | $1.72B | $876.0M | $0 | $0 | — |
| Buybacks | $2.12B | $1.79B | $498.0M | $0 | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-031413.
Others in SIC 6311
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| MET | METLIFE INC | $62.04B | 20.7x | 8.5% |
| PRU | PRUDENTIAL FINANCIAL INC | $42.10B | 12.2x | -13.7% |
| RGA | REINSURANCE GROUP OF AMERICA INC | $16.54B | 14.3x | 7.2% |
| GL | GLOBE LIFE INC. | $13.39B | 12.4x | 3.7% |
| JXN | Jackson Financial Inc. | $9.52B | — | 104.3% |
| VOYA | Voya Financial, Inc. | $9.43B | 16.5x | 4.9% |
| PRI | Primerica, Inc. | $9.10B | 12.9x | 6.6% |
| LNC | LINCOLN NATIONAL CORP | $8.71B | 7.8x | -1.2% |