v3.23.1
Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Premiums $ 5,091 $ 5,653 $ 4,341
Policy fees 2,914 3,005 2,874
Total net investment income 9,576 11,672 10,516
Total net realized gains (losses) 6,091 1,752 (3,741)
Advisory fee income 475 597 553
Other income 550 578 519
Total revenues 24,697 23,257 15,062
Benefits and expenses:      
Policyholder benefits (including remeasurement (gains) losses of $298 and $233 for the years ended December 31, 2022 and 2021, respectively) 6,720 7,387 6,602
Change in the fair value of market risk benefits, net (958) (447) 0
Interest credited to policyholder account balances 3,732 3,562 3,528
Amortization of deferred policy acquisition costs and value of business acquired 1,020 951 543
Non-deferrable insurance commissions 568 623 604
Advisory fee expenses 266 322 316
General operating expenses 2,323 2,104 2,027
Interest expense 534 389 490
(Gain) loss on extinguishment of debt 0 219 10
Net (gain) loss on divestitures 1 (3,081) 0
Total benefits and expenses 14,206 12,003 14,211
Income (loss) before income tax expense (benefit) 10,491 11,254 851
Income tax expense (benefit):      
Current 878 1,946 1,724
Deferred 1,134 136 (1,739)
Income tax expense (benefit) 2,012 2,082 (15)
Net income (loss) 8,479 9,172 866
Less:      
Net income (loss) attributable to noncontrolling interests 320 929 224
Net income (loss) attributable to Corebridge $ 8,159 $ 8,243 $ 642
Income (loss) per common share attributable to Corebridge common shareholders:      
Basic (in dollars per share) $ 12.63    
Diluted (in dollars per share) $ 12.60    
Weighted averages shares outstanding:      
Basic (in shares) 646,100,000    
Diluted (in shares) 647,400,000    
Common Stock Class A      
Income (loss) per common share attributable to Corebridge common shareholders:      
Basic (in dollars per share)   $ 13.18 $ 1.00
Diluted (in dollars per share)   $ 13.18 $ 1.00
Weighted averages shares outstanding:      
Basic (in shares)   581,100,000 581,100,000
Diluted (in shares)   581,100,000 581,100,000
Common Stock Class B      
Income (loss) per common share attributable to Corebridge common shareholders:      
Basic (in dollars per share)   $ 9.14 $ 1.00
Diluted (in dollars per share)   $ 9.14 $ 1.00
Weighted averages shares outstanding:      
Basic (in shares)   63,900,000 63,900,000
Diluted (in shares)   63,900,000 63,900,000
Net investment income - excluding Fortitude Re funds withheld assets      
Revenues:      
Total net investment income $ 8,685 $ 9,897 $ 9,089
Total net realized gains (losses) 141 1,515 (765)
Fortitude Re funds withheld assets      
Revenues:      
Total net investment income 891 1,775 1,427
Total net realized gains (losses) (397) 924 1,002
Benefits and expenses:      
Net (gain) loss on divestitures 0 (26) 91
Fortitude Re funds withheld embedded derivative      
Revenues:      
Total net realized gains (losses) $ 6,347 $ (687) $ (3,978)