v3.25.4
Corebridge Financial, Inc. Consolidated Statements of Income (Loss) - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Premiums $ 5,864 $ 4,526 $ 7,613
Policy fees 2,733 2,901 2,797
Net investment income 13,124 12,228 11,078
Net realized losses:      
Total net realized losses (3,958) (1,883) (3,572)
Advisory fee income 510 506 467
Other income 208 429 417
Total revenues 18,481 18,707 18,800
Benefits and expenses:      
Policyholder benefits (includes remeasurement losses of $467, $403 and $342 for the years ended December 31, 2025, 2024 and 2023, respectively) 8,173 6,632 9,362
Change in the fair value of market risk benefits, net 484 (227) (6)
Interest credited to policyholder account balances 5,933 5,240 4,427
Amortization of deferred policy acquisition costs and value of business acquired 1,050 1,060 1,042
Non-deferrable insurance commissions 553 588 588
Advisory fee expenses 275 286 261
General operating expenses 2,002 2,016 2,282
Interest expense 552 554 580
Net (gain) on divestitures 0 (245) (676)
Total benefits and expenses 19,022 15,904 17,860
Income (loss) before income tax expense (benefit) (541) 2,803 940
Income tax expense (benefit):      
Current (488) (35) 306
Deferred 337 635 (402)
Income tax expense (benefit) (151) 600 (96)
Net income (loss) (390) 2,203 1,036
Less: Net loss attributable to noncontrolling interests (24) (27) (68)
Net income (loss) attributable to Corebridge (366) 2,230 1,104
Less: Preferred stock dividends 0 0 0
Net income (loss) available to Corebridge common shareholders $ (366) $ 2,230 $ 1,104
Income (loss) per common share available to Corebridge common shareholders:      
Common stock - basic (in dollars per share) $ (0.68) $ 3.73 $ 1.72
Common stock - diluted (in dollars per share) $ (0.68) $ 3.72 $ 1.71
Weighted average shares outstanding:      
Common stock - basic (in shares) 539.3 598.0 643.3
Common stock - diluted (in shares) 539.3 599.2 645.2
Excluding Fortitude Re Funds Withheld Assets      
Revenues:      
Net investment income $ 11,792 $ 10,858 $ 9,710
Net realized losses:      
Total net realized losses (2,185) (1,117) (1,614)
Net realized losses on Fortitude Re funds withheld assets      
Revenues:      
Net investment income 1,332 1,370 1,368
Net realized losses:      
Total net realized losses (100) (248) (224)
Net realized losses on Fortitude Re funds withheld embedded derivatives      
Net realized losses:      
Total net realized losses $ (1,673) $ (518) $ (1,734)