v3.25.4
Equity (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Rollforward of Outstanding Shares
The following table presents a rollforward of outstanding shares:
Year Ended December 31, 2025Common Stock IssuedTreasury StockCommon Stock Outstanding
Shares, beginning of year650,189,849 (88,704,816)561,485,033 
Shares issued under long-term incentive compensation plans— 1,600,884 1,600,884 
Shares repurchased— (66,712,171)(66,712,171)
Shares, end of period650,189,849 (153,816,103)496,373,746 
Schedule of Authorized Common Stock Repurchases
The following table presents by announcement date, common stock repurchases authorized by Corebridge’s Board of Directors:
December 31, 2025
Announcement date
Authorized amount
Authorization Remaining*
(in millions)
June 23, 2025$2,000 $2,000 
February 11, 2025$2,000 $592 
April 30, 2024$2,000 $— 
May 4, 2023$1,000 $— 
*     The authorization remaining at December 31, 2025 does not reflect the applicable excise tax payable due to the Inflation Reduction Act of 2022.
Schedule of Dividends Declared
Dividends
Declaration DateRecord DatePayment DateDividend Paid Per Common Share
November 3, 2025December 17, 2025December 31, 2025$0.24 
August 4, 2025September 16, 2025September 30, 2025$0.24 
May 5, 2025June 16, 2025June 30, 2025$0.24 
February 12, 2025March 17, 2025March 31, 2025$0.24 
Schedule of Rollforward of Accumulated Other Comprehensive Income (Loss)
The following table presents a rollforward of Accumulated other comprehensive income (loss):
Unrealized Appreciation (Depreciation) of Fixed Maturity Securities on Which allowance for credit losses was TakenUnrealized Appreciation (Depreciation) of All Other Investments
Change in fair value of market risk benefits attributable to changes in our own credit risk
Change in the discount rates used to measure traditional and limited payment long-duration insurance contractsCash Flow HedgesForeign Currency Translation AdjustmentsRetirement Plan Liabilities AdjustmentTotal
Balance, December 31, 2022, net of tax$(92)$(19,380)$(365)$2,908 $157 $(100)$9 $(16,863)
Change in unrealized appreciation (depreciation) of investments
28 5,962 — — — — — 5,990 
Change in fair value of market risk benefits attributable to changes in our own credit risk— — (695)— — — — (695)
Change in discount rates assumptions of certain liabilities— — — (1,029)— — — (1,029)
Change in future policy benefits and other(11)(347)— — — — — (358)
Change in cash flow hedges— — — — (16)— — (16)
Change in foreign currency translation adjustments— — — — — 39 — 39 
Change in net actuarial loss— — — — — — (7)(7)
Change in deferred tax asset (liability)(4)(885)151 216 5 9 — (508)
Total other comprehensive income (loss)13 4,730 (544)(813)(11)48 (7)3,416 
Less: Noncontrolling interests— — — — — 11 — 11 
Balance, December 31, 2023, net of tax$(79)$(14,650)$(909)$2,095 $146 $(63)$2 $(13,458)
Change in unrealized appreciation (depreciation) of investments46 (1,677)— — — — — (1,631)
Change in fair value of market risk benefits attributable to changes in our own credit risk— — 280 — — — — 280 
Change in discount rates assumptions of certain liabilities— — — 1,570 — — — 1,570 
Change in future policy benefits and other— (60)— — — — — (60)
Change in cash flow hedges— — — — (246)— — (246)
Change in foreign currency translation adjustments— — — — — 65 — 65 
Change in deferred tax asset (liability)(10)197 (61)(323)53 (11)— (155)
Total other comprehensive income (loss)36 (1,540)219 1,247 (193)54 — (177)
Other— (39)— — 1 — — (38)
Less: Noncontrolling interests— — — — — 8 — 8 
Balance, December 31, 2024, net of tax
$(43)$(16,229)$(690)$3,342 $(46)$(17)$2 $(13,681)
Change in unrealized appreciation (depreciation) of investments*
17 5,733 — — — — — 5,750 
Change in fair value of market risk benefits attributable to changes in our own credit risk— — (545)— — — — (545)
Change in discount rates assumptions of certain liabilities— — — (116)— — — (116)
Change in future policy benefits and other— (74)— — — — — (74)
Change in cash flow hedges— — — — 144 — — 144 
Change in foreign currency translation adjustments— — — — — 56 — 56 
Change in deferred tax asset (liability)(3)(1,086)119 24 (32)(7)— (985)
Total other comprehensive income (loss)14 4,573 (426)(92)112 49 — 4,230 
Less: Noncontrolling interests— — — — — 1 — 1 
Balance, December 31, 2025, net of tax
$(29)$(11,656)$(1,116)$3,250 $66 $31 $2 $(9,452)
*    Includes net unrealized gains and losses attributable to held-for-sale businesses at December 31, 2023
Schedule of Reclassification out of Accumulated Other Comprehensive Income
The following table presents the OCI reclassification adjustments for the years ended December 31, 2025, 2024 and 2023, respectively:
(in millions)
Unrealized appreciation (depreciation) of Fixed maturity securities on which allowance for credit losses was taken
Unrealized appreciation (depreciation) of all Other Investments
Change in fair value of market risk benefits attributable to changes in our own credit risk
Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts
Cash flow hedges
Foreign currency translation adjustments
Retirement plan liabilities adjustment
Total
Year Ended December 31, 2025
Unrealized change arising during period$17 $4,575 $(545)$(83)$144 $56 $— $4,164 
Less: Reclassification adjustments included in net income— (1,084)— 33 — — — (1,051)
Total other comprehensive income (loss), before income tax expense (benefit)17 5,659 (545)(116)144 56 — 5,215 
Less: Income tax expense (benefit)3 1,086 (119)(24)32 7 — 985 
Total other comprehensive income (loss), net of income tax expense (benefit)$14 $4,573 $(426)$(92)$112 $49 $— $4,230 
Year Ended December 31, 2024
Unrealized change arising during period$26 $(2,972)$280 $1,816 $(246)$(2)$— $(1,098)
Less: Reclassification adjustments included in net income(20)(1,235)— 246 — (67)— (1,076)
Total other comprehensive income (loss), before income tax expense (benefit)46 (1,737)280 1,570 (246)65 — (22)
Less: Income tax expense (benefit)10 (197)61 323 (53)11 — 155 
Total other comprehensive income (loss), net of income tax expense (benefit)$36 $(1,540)$219 $1,247 $(193)$54 $— $(177)
Year Ended December 31, 2023
Unrealized change arising during period$— $5,281 $(695)$(1,029)$(16)$39 $— $3,580 
Less: Reclassification adjustments included in net income(17)(334)— — — — 7 (344)
Total other comprehensive income (loss),before income tax expense (benefit)17 5,615 (695)(1,029)(16)39 (7)3,924 
Less: Income tax expense (benefit)4 885 (151)(216)(5)(9)— 508 
Total other comprehensive income (loss), net of income tax expense (benefit)$13 $4,730 $(544)$(813)$(11)$48 $(7)$3,416 
The following table presents the effect of the reclassification of significant items out of Accumulated other comprehensive income on the respective line items in the Consolidated Statements of Income (Loss)*:
Amount Reclassified from AOCI
Affected Line Item in the Consolidated Statements of Income (Loss)
Years Ended December 31,
(in millions)202520242023
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken
Investments$—$(20)$(17)Net realized gains (losses)
Total$—$(20)$(17)
Unrealized appreciation (depreciation) of all other investments
Investments$(1,084)$(1,174)$(334)Net realized gains (losses)
Sale of business—(61)— Net (gain) loss on divestitures
Total$(1,084)$(1,235)$(334)
Effect of changes in the discount rates used to measure traditional and limited-payment long duration insurance contracts
Sale of business
$—$246 $— Net (gain) loss on divestitures
Reinsurance recapture33— — Policyholder benefits
Total$33$246 $— 
Foreign Currency Translation Adjustments
Sale of business$—$(67)$— Net (gain) loss on divestitures
Total$—$(67)$— 
Change in retirement plan liabilities adjustment
Actuarial losses$—$—$7Net (gain) loss on divestitures and General operating expenses
Total$—$—$7
Total reclassifications for the period$(1,051)$(1,076)$(344)
*The following items are not reclassified out of AOCI and included in the Consolidated Statements of Income (Loss) and thus have been excluded from the table:(a) Change in fair value of MRBs attributable to changes in our own credit risk; and (b) Change in the discount rates used to measure traditional and limited-payment long-duration insurance contracts.
Schedule of Non-Redeemable Noncontrolling Interest
The following table presents a rollforward of non-redeemable noncontrolling interest:
Years Ended December 31,
(in millions)202520242023
Beginning balance$864$869$939
Net (loss) attributable to redeemable noncontrolling interest(24)(27)(68)
Other comprehensive income, net of tax1811
Changes in noncontrolling interests due to divestitures and acquisitions—145(19)
Contributions from noncontrolling interests517096
Distributions to noncontrolling interests(132)(199)(91)
Other(1)(2)1
Ending balance$759$864$869