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Corebridge Financial Inc Financials

CRBG
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Corebridge Financial Inc (CRBG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CRBG FY2025

The balance-sheet-heavy model runs on very thin asset returns, so small balance-sheet moves dominate results.

Operating cash flow stayed above $2.0B in each of FY2023-FY2025, even though reported profit moved sharply. With only $13.2B of equity supporting $413.5B of assets in FY2025, small balance-sheet moves can flip earnings while core cash generation stays relatively steady.

From FY2023 through FY2025, selling and administrative costs stayed in a narrow band around $2.0B, while revenue remained around $18B. Yet net results swung from profit to loss, which suggests the main earnings volatility is balance-sheet driven rather than caused by day-to-day operating costs.

FY2025 cash of $453M is small next to a liability base of $399.6B, so this business depends less on a cash stockpile than on active funding management. The $10.9B financing inflow and $2.1B of buybacks in the same year show capital is being actively recycled through the balance sheet even when reported earnings are negative.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 10 / 100
Financial Profile 10/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Corebridge Financial Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth
32

Corebridge Financial Inc's revenue declined 1.2% year-over-year, from $18.7B to $18.5B. This contraction results in a growth score of 32/100.

Leverage
0

Corebridge Financial Inc has elevated debt relative to equity (D/E of 30.27), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Returns
25

Corebridge Financial Inc generates a -2.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 25/100. This is down from 19.5% the prior year.

Piotroski F-Score Weak
3/9

Corebridge Financial Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed
-5.52x

For every $1 of reported earnings, Corebridge Financial Inc generates $-5.52 in operating cash flow ($2.0B OCF vs -$366.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue
$18.5B
YoY-1.2%
5Y CAGR+4.2%

Corebridge Financial Inc generated $18.5B in revenue in fiscal year 2025. This represents a decrease of 1.2% from the prior year.

EBITDA
N/A
Net Income
-$366.0M
YoY-116.4%

Corebridge Financial Inc reported -$366.0M in net income in fiscal year 2025. This represents a decrease of 116.4% from the prior year.

EPS (Diluted)
$-0.68
YoY-118.3%

Corebridge Financial Inc earned $-0.68 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 118.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$453.0M
YoY-45.0%
5Y CAGR-13.2%

Corebridge Financial Inc held $453.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
482M
YoY-13.4%

Corebridge Financial Inc had 482M shares outstanding in fiscal year 2025. This represents a decrease of 13.4% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
-2.0%
YoY-13.9pp
5Y CAGR-6.2pp

Corebridge Financial Inc's net profit margin was -2.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 13.9 percentage points from the prior year.

Return on Equity
-2.8%
YoY-22.2pp
5Y CAGR-4.5pp

Corebridge Financial Inc's ROE was -2.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 22.2 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$2.1B
YoY+18.2%

Corebridge Financial Inc spent $2.1B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 18.2% from the prior year.

Capital Expenditures
N/A

CRBG Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $4.0B-41.3% $6.7B+24.6% $5.4B+97.4% $2.7B-23.2% $3.6B-45.6% $6.6B+152.5% $2.6B-29.9% $3.7B
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $468.0M+1.7% $460.0M-4.4% $481.0M-10.1% $535.0M+1.7% $526.0M+20.4% $437.0M-8.0% $475.0M-10.7% $532.0M
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense $131.0M-0.8% $132.0M-2.2% $135.0M-1.5% $137.0M-7.4% $148.0M+2.1% $145.0M+9.0% $133.0M-3.6% $138.0M
Income Tax $158.0M-8.7% $173.0M+196.6% -$179.0M-398.3% $60.0M+129.3% -$205.0M-129.2% $703.0M+272.7% -$407.0M-453.9% $115.0M
Net Income -$53.0M-106.5% $814.0M+465.3% $144.0M+121.8% -$660.0M+0.6% -$664.0M-130.6% $2.2B+283.4% -$1.2B-424.4% $365.0M
EPS (Diluted) $-0.11 N/A $0.27+122.5% $-1.20-0.8% $-1.19 N/A $-2.02-442.4% $0.59

CRBG Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $407.1B-1.6% $413.5B+0.5% $411.3B+3.0% $399.2B+2.3% $390.0B+0.2% $389.4B-2.5% $399.4B+4.4% $382.5B
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $378.0M-16.6% $453.0M+40.7% $322.0M+8.8% $296.0M-25.8% $399.0M-51.6% $824.0M+50.6% $547.0M-16.2% $653.0M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $395.5B-1.0% $399.6B+0.7% $397.0B+2.8% $386.0B+2.3% $377.2B0.0% $377.1B-2.1% $385.0B+3.9% $370.7B
Current Liabilities N/A N/A N/A N/A N/A N/A N/A N/A
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $10.8B-18.2% $13.2B-2.5% $13.5B+10.1% $12.3B+2.7% $12.0B+4.5% $11.5B-15.8% $13.6B+23.8% $11.0B
Retained Earnings $18.2B-0.9% $18.4B+3.9% $17.7B0.0% $17.7B-4.3% $18.5B-4.1% $19.3B+11.8% $17.2B-7.1% $18.5B

CRBG Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$9.0M-100.5% $1.9B+7737.5% $24.0M+109.3% -$259.0M-169.1% $375.0M-74.6% $1.5B+1681.9% $83.0M+1022.2% -$9.0M
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow -$2.5B+27.0% -$3.5B-4.6% -$3.3B-24.1% -$2.7B+31.0% -$3.9B-187.1% -$1.3B+78.3% -$6.2B-371.8% -$1.3B
Financing Cash Flow $2.5B+43.4% $1.7B-48.1% $3.3B+17.3% $2.8B-8.0% $3.1B+2005.5% $146.0M-97.6% $6.0B+287.8% $1.6B
Dividends Paid $114.0M-4.2% $119.0M-7.0% $128.0M-2.3% $131.0M-1.5% $133.0M+3.1% $129.0M-3.0% $133.0M-4.3% $139.0M
Share Buybacks $1.3B+13.0% $1.1B+191.1% $380.0M+22.2% $311.0M-3.1% $321.0M-19.3% $398.0M-44.3% $715.0M+64.0% $436.0M

CRBG Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin -1.3%-13.4pp 12.1%+9.4pp 2.7%+26.7pp -24.1%-5.5pp -18.6%-51.7pp 33.1%+78.6pp -45.6%-55.4pp 9.8%
Return on Equity -0.5%-6.7pp 6.2%+5.1pp 1.1%+6.4pp -5.4%+0.2pp -5.5%-24.5pp 18.9%+27.6pp -8.7%-12.0pp 3.3%
Return on Assets -0.0%-0.2pp 0.2%+0.2pp 0.0%+0.2pp -0.2%0.0pp -0.2%-0.7pp 0.6%+0.9pp -0.3%-0.4pp 0.1%
Current Ratio N/A N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity 36.61+6.3 30.27+1.0 29.31-2.1 31.38-0.1 31.48-1.4 32.90+4.6 28.29-5.4 33.71
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

Corebridge Financial Inc (CRBG) reported $18.5B in total revenue for fiscal year 2025. This represents a -1.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Corebridge Financial Inc (CRBG) revenue declined by 1.2% year-over-year, from $18.7B to $18.5B in fiscal year 2025.

No, Corebridge Financial Inc (CRBG) reported a net income of -$366.0M in fiscal year 2025, with a net profit margin of -2.0%.

Corebridge Financial Inc (CRBG) reported diluted earnings per share of $-0.68 for fiscal year 2025. This represents a -118.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Corebridge Financial Inc (CRBG) had a net profit margin of -2.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Corebridge Financial Inc (CRBG) has a return on equity of -2.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Corebridge Financial Inc (CRBG) generated $2.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Corebridge Financial Inc (CRBG) had $413.5B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, Corebridge Financial Inc (CRBG) spent $2.1B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Corebridge Financial Inc (CRBG) had 482M shares outstanding as of fiscal year 2025.

Corebridge Financial Inc (CRBG) had a debt-to-equity ratio of 30.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Corebridge Financial Inc (CRBG) had a return on assets of -0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Corebridge Financial Inc (CRBG) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Corebridge Financial Inc (CRBG) has an earnings quality ratio of -5.52x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Corebridge Financial Inc (CRBG) scores 10 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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