v3.25.4
Corebridge Financial, Inc. Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Fixed maturity securities:    
Bonds available-for-sale, at fair value, net of allowance for credit losses of $130 in 2025 and $119 in 2024 (amortized cost: 2025 - $203,848; 2024 - $191,058) [1] $ 189,381 $ 170,840
Other bond securities, at fair value [1] 5,407 5,262
Equity securities, at fair value [1] 79 56
Mortgage and other loans receivable, net of allowance for credit losses of $727 in 2025 and $771 in 2024 [1] 54,481 52,768
Other invested assets (portion measured at fair value: 2025 - $8,106; 2024 - $7,791) [1] 10,235 9,851
Short-term investments, including restricted cash of $4 in 2025 and $4 in 2024 (portion measured at fair value: 2025 - $1,624; 2024 - $1,439) [1] 5,675 4,981
Total investments 265,258 243,758
Cash [1] 447 806
Accrued investment income [1] 2,379 2,169
Premiums and other receivables, net of allowance for credit losses and disputes of $1 in 2025 and $1 in 2024 648 713
Current and deferred income taxes 7,467 7,903
Deferred policy acquisition costs and value of business acquired 8,885 10,293
Market risk benefit assets, at fair value 2,392 1,332
Other assets, including restricted cash of $2 in 2025 and $14 in 2024 (portion measured at fair value: 2025 - $441; 2024 - $193) [1] 4,435 2,042
Separate account assets, at fair value 95,585 93,888
Total assets 413,547 389,397
Liabilities:    
Future policy benefits for life and accident and health insurance contracts 60,971 56,272
Policyholder contract deposits (portion measured at fair value: 2025 - $12,156; 2024 - $9,535) 188,876 173,695
Market risk benefit liabilities, at fair value 7,309 5,616
Other policyholder funds 2,959 2,873
Short-term and long-term debt, of which $0 in 2025 and $1,101 in 2024 is short-term debt 10,906 12,392
Separate account liabilities 95,585 93,888
Total liabilities 399,587 377,071
Contingencies, commitments and guarantees (See Note 16)
Corebridge Shareholders' equity:    
Preferred stock and additional paid-in capital, $1 par value and $1,000 liquidation preference 493 0
Common stock, $0.01 par value; 2,500,000,000 shares authorized; shares issued: 2025 - 650,189,849 and 2024 - 650,189,849 7 7
Treasury stock, at cost; 2025 - 153,816,103 shares and 2024 - 88,704,816 shares (4,382) (2,282)
Additional paid-in capital 8,162 8,161
Retained earnings 18,373 19,257
Accumulated other comprehensive loss (9,452) (13,681)
Total Corebridge Shareholders' equity 13,201 11,462
Non-redeemable noncontrolling interests 759 864
Total equity 13,960 12,326
Total liabilities and equity 413,547 389,397
Consolidated Entities, Excluding Consolidated Investments    
Liabilities:    
Short-term and long-term debt, of which $0 in 2025 and $1,101 in 2024 is short-term debt 9,359 10,454
Debt of consolidated investment entities    
Liabilities:    
Short-term and long-term debt, of which $0 in 2025 and $1,101 in 2024 is short-term debt 1,547 1,938
Debt of consolidated investment entities [1] 1,547 1,938
Fortitude RE    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 24,139 24,933
Liabilities:    
Fortitude Re funds withheld payable (portion measured at fair value: 2025 - $3,795; 2024 - $2,223) 23,648 24,291
Excluding Fortitude    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 1,912 1,560
Liabilities:    
Other liabilities (portion measured at fair value: 2025 - $322; 2024 - $110) [1] $ 9,333 $ 8,044
[1] See Note 8 for details of balances associated with variable interest entities