v3.25.4
Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense Recognized in Consolidated Statements of Income
The following table presents our total direct share-based compensation expense which is settled as part of our quarterly intercompany process. This table reflects both AIG and Corebridge equity awards:
Years Ended December 31,
(in millions)202520242023
Share-based compensation expense - pre-tax(a)
$67 $58 $60 
Share-based compensation expense - after tax(b)
$53 $45 $48 
(a)    As a result of accelerated vesting events, such as retirement eligibility in the year of grant and involuntary terminations, we recognized $28 million, $25 million and $24 million in 2025, 2024, and 2023, respectively, prior to the end of the specified vesting periods. It is our policy to reverse compensation expense for forfeited awards when they occur.
(b)     The income tax expense (benefit), excluding foreign jurisdictions, was computed using the U.S. statutory tax rate of 21%.
Schedule of Weighted-Average Assumptions for PSUs
The following weighted-average assumptions were used for PSUs granted:
2025
Expected volatility (a)
29.97 %
Risk-free interest rate (b)
4.02 %
(a)    We used the historical volatility for CRBG and the members of the Peer Group, commensurate with the remaining Performance Period as of the valuation date.
(b)    We converted the semi-annual zero-coupon U.S. Treasury rates as of the valuation date to continuously compounded rates. The risk-free interest rate is the continuously compounded interest rate for the period commensurate with the length of the remaining performance period as of the valuation dates.
Schedule of Outstanding Share-Settled RSU Grants
The following table summarizes outstanding share-settled LTI awards:
As of or for the Year Ended December 31,202520242023
Number of UnitsWeighted Average Grant Date Fair Value*Number of Units
Weighted Average Grant Date Fair Value
Number of Units
Weighted Average Grant Date Fair Value
Unvested, beginning of year2,591,330 $22.31 4,153,530 $19.64 6,537,155 $21.00 
Granted 2,463,951 33.13 2,323,450 25.89 2,907,967 19.81 
Vested(1,944,434)24.91 (3,683,321)21.34 (4,725,911)18.70 
Forfeited(192,030)24.82 (202,329)22.36 (565,681)19.07 
Unvested, end of year2,918,817 $26.29 2,591,330 $22.31 4,153,530 $19.64 
Schedule of Weighted-Average Assumptions
The following weighted-average assumptions were used for stock options granted:
20252024
Expected annual dividend yield (a)
2.97 %3.55 %
Expected volatility (b)
29.55 %23.64 %
Risk-free interest rate (c)
4.19 %4.20 %
Expected term (d)
6.00 years6.00 years
(a)    The dividend yield is the last CRBG dividend from Bloomberg times 4 divided by the stock price.
(b)    The expected volatility is based on the implied volatility of 24 months stock option estimated by the Bloomberg Professional service as of the valuation date.
(c)    The risk-free interest rate is the continuously compounded interest rate for the term between the valuation date and the expiration date that is assumed to be constant and equal to the interpolated value between the closest data points on the U.S. Treasury curve as of the valuation date.
(d)    The contractual term is 10 years from the date of grant.
Schedule of Stock Option Activity
The following table provides a rollforward of stock option activity:
UnitsWeighted Average Exercise PriceWeighted Average Remaining Contractual LifeAggregate Intrinsic Values (in millions)
As of or for the Year Ended December 31, 2025
Outstanding, beginning of year1,678,537 $23.66 8.74$10.52 
Granted1,050,763 32.41 
Exercised(38,451)19.93 
Forfeited(30,014)30.13 
Outstanding, end of year2,660,835 $27.10 8.45$10.60 
Exercisable, end of year1,396,207 $26.23 8.12$6.61 
As of or for the Year Ended December 31, 2024
Outstanding, beginning of year720,677 $20.12 9.12$1.27 
Granted1,267,910 25.64 
Exercised(87,813)17.58 
Forfeited(222,237)25.16 
Outstanding, end of year1,678,537 $23.66 8.74$10.52 
Exercisable, end of year1,049,314 $23.36 8.66$6.90