Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Operations by Segment

The following table presents Corebridge’s operations by segment:


(in millions)			Individual Retirement			Group Retirement			Life Insurance			Institutional Markets			Corporate & Other			Total Corebridge			Adjustments			Total Consolidated
Three Months Ended March 31, 2026
Premiums			$	16		$	1		$	361		$	9		$	—		$	387		$	—		$	387
Policy fees			77			109			356			52			—			594			16			610
Net investment income(a)			1,535			433			324			698			(1)			2,989			208			3,197
Net realized gains (losses)(a)(b)			—			—			—			—			9			9			(345)			(336)
Advisory fee and other income			—			98			1			1			6			106			—			106
Total adjusted revenues			1,628			641			1,042			760			14			4,085			(121)			3,964
Policyholder benefits			17			3			648			314			—			982			(8)			974
Change in the fair value of market risk benefits, net			—			—			—			—			—			—			378			378
Interest credited to policyholder account balances			920			299			78			270			1			1,568			(43)			1,525
Amortization of deferred policy acquisition costs			130			27			83			5			—			245			—			245
Non-deferrable insurance commissions			52			31			13			5			—			101			3			104
Advisory fee expenses			6			37			1			—			—			44			—			44
General operating expenses(c)			88			104			123			23			62			400			68			468
Interest expense			—			—			—			—			124			124			7			131

Net (gain) on divestitures			—			—			—			—			—			—			(2)			(2)

Total benefits and expenses			1,213			501			946			617			187			3,464			403			3,867
Noncontrolling interests			—			—			—			—			8			8
Adjusted pre-tax operating income (loss)			$	415		$	140		$	96		$	143		$	(165)		$	629
Adjustments to:
Total revenue																		(121)
Total expenses																		403
Noncontrolling interests																		(8)
Income before income tax expense (benefit)																		$	97					$	97


(in millions)			Individual Retirement			Group Retirement			Life Insurance			Institutional Markets			Corporate & Other			Total Corebridge			Adjustments			Total Consolidated
Three Months Ended March 31, 2025
Premiums			$	17		$	4		$	340		$	500		$	—		$	861		$	10		$	871
Policy fees			67			108			364			50			—			589			131			720
Net investment income(a)			1,419			485			336			589			12			2,841			348			3,189
Net realized gains (losses)(a)(b)			—			—			—			—			13			13			(1,427)			(1,414)
Advisory fee and other income			—			87			1			1			7			96			110			206
Total adjusted revenues			1,503			684			1,041			1,140			32			4,400			(828)			3,572
Policyholder benefits			23			5			636			742			11			1,417			40			1,457
Change in the fair value of market risk benefits, net			—			—			—			—			—			—			385			385
Interest credited to policyholder account balances			775			296			80			230			—			1,381			36			1,417
Amortization of deferred policy acquisition costs			112			22			85			4			—			223			52			275
Non-deferrable insurance commissions			42			30			14			5			1			92			64			156
Advisory fee expenses			6			33			—			—			—			39			31			70
General operating expenses (c)			91			103			118			22			57			391			135			526
Interest expense			—			—			—			—			140			140			8			148

Net (gain) on divestitures			—			—			—			—			—			—			—			—
Total benefits and expenses			1,049			489			933			1,003			209			3,683			751			4,434
Noncontrolling interests			—			—			—			—			(7)			(7)
Adjusted pre-tax operating income (loss)			$	454		$	195		$	108		$	137		$	(184)		$	710
Adjustments to:
Total revenue																		(828)
Total expenses																		751
Noncontrolling interests																		7
Income before income tax expense (benefit)																		$	(862)					$	(862)

(a)Adjustments include Fortitude Re activity of $253 million and $(261) million for the three months ended March 31, 2026 and 2025, respectively.

(b)Net realized gains (losses) includes the gains (losses) related to the disposition of real estate investments.

(c)Adjustments include restructuring and other costs. For the three months ended March 31, 2026 and 2025, restructuring and other costs primarily include severance related costs and ongoing modernization initiatives.