v3.26.1
Equity (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Rollforward of Outstanding Shares
The following table presents a rollforward of outstanding shares:
Three Months Ended March 31, 2026Common Stock IssuedTreasury StockCommon Stock Outstanding
Shares, beginning of year650,189,849 (153,816,103)496,373,746 
Shares issued under long-term incentive compensation plans 1,375,163 1,375,163 
Shares repurchased (41,021,643)(41,021,643)
Shares, end of period650,189,849 (193,462,583)456,727,266 
Schedule of Authorized Common Stock Repurchases
The following table presents by announcement date, common stock repurchases authorized by Corebridge’s Board of Directors:
March 31, 2026
Announcement date
Authorized amount
Authorization Remaining*
(in millions)
June 23, 2025$2,000 $1,342 
February 11, 2025$2,000 $ 
April 30, 2024$2,000 $ 
May 4, 2023$1,000 $ 
*     The authorization remaining at March 31, 2026 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
February 9, 2026March 17, 2026March 31, 2026$0.25 
Schedule of Rollforward of Accumulated Other Comprehensive Income (Loss)
The following table presents a rollforward of Accumulated other comprehensive income (loss):
(in millions)
Unrealized appreciation (depreciation) of Fixed maturity securities on which allowance for credit losses was taken
Unrealized appreciation (depreciation) of all Other Investments
Change in fair value of market risk benefits attributable to changes in our own credit risk
Change in the discount rates used to measure traditional and limited payment long-duration insurance contracts
Cash flow hedges
Foreign currency translation adjustments
Retirement plan liabilities adjustment
Total
Three Months Ended March 31, 2026
Balance, December 31, 2025, net of tax$(29)$(11,656)$(1,116)$3,250 $66 $31 $2 $(9,452)
Change in unrealized appreciation (depreciation) of investments
(43)(2,519)     (2,562)
Change in fair value of market risk benefits attributable to changes in our own credit risk  601     601 
Change in discount rates assumptions of certain liabilities   837    837 
Change in future policy benefits and other 50      50 
Change in cash flow hedges    (52)  (52)
Change in foreign currency translation adjustments        
Change in deferred tax asset (liability)9 441 (130)(182)12   150 
Total other comprehensive income (loss)(34)(2,028)471 655 (40)  (976)
Less: Noncontrolling interests
        
Balance, March 31, 2026, net of tax$(63)$(13,684)$(645)$3,905 $26 $31 $2 $(10,428)
Three Months Ended March 31, 2025
Balance, December 31, 2024, net of tax
$(43)$(16,229)$(690)$3,342 $(46)$(17)$$(13,681)
Change in unrealized appreciation (depreciation) of investments
16 2,003 — — — — — 2,019 
Change in fair value of market risk benefits attributable to changes in our own credit risk— — (60)— — — — (60)
Change in discount rates assumptions of certain liabilities— — — 50 — — — 50 
Change in future policy benefits and other— (32)— — — — — (32)
Change in cash flow hedges
— — — — 175 — — 175 
Change in foreign currency translation adjustments— — — — — — 
Change in deferred tax asset (liability)(3)(487)13 (10)(38)— — (525)
Total other comprehensive income (loss)13 1,484 (47)40 137 — 1,632 
Less: Noncontrolling interests
— — — — — — — — 
Balance, March 31, 2025, net of tax$(30)$(14,745)$(737)$3,382 $91 $(12)$$(12,049)
Schedule of Reclassification out of Accumulated Other Comprehensive Income
The following table presents the OCI reclassification adjustments for the three months ended March 31, 2026 and 2025, 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
Total
Three Months Ended March 31, 2026
Unrealized change arising during period$(39)$(2,732)$601 $837 $(52)$ $(1,385)
Less: Reclassification adjustments included in net income4 (263)    (259)
Total other comprehensive income (loss), before income tax expense (benefit)(43)(2,469)601 837 (52) (1,126)
Less: Income tax expense (benefit)(9)(441)130 182 (12) (150)
Total other comprehensive income (loss), net of income tax expense (benefit)$(34)$(2,028)$471 $655 $(40)$ $(976)
Three Months Ended March 31, 2025
Unrealized change arising during period$15 $1,816 $(60)$83 $175 $$2,034 
Less: Reclassification adjustments included in net income(1)(155)— 33 — — (123)
Total other comprehensive income (loss), before income tax expense (benefit)16 1,971 (60)50 175 2,157 
Less: Income tax expense (benefit)487 (13)10 38 — 525 
Total other comprehensive income (loss), net of income tax expense (benefit)$13 $1,484 $(47)$40 $137 $$1,632 
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 Condensed Consolidated Statements of Income (Loss)*:
Amount Reclassified from AOCI
Affected Line Item in the Condensed Consolidated Statements of Income (Loss)
Three Months Ended March 31,
(in millions)20262025
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken
Investments$4$(1)Net realized gains (losses)
Total$4$(1)
Unrealized appreciation (depreciation) of all other investments
Investments$(263)$(155)Net realized gains (losses)
Total$(263)$(155)
Effect of changes in the discount rates used to measure traditional and limited-payment long duration insurance contracts
Reinsurance recapture$$33Policyholder benefits
Total$$33 
Total reclassifications for the period$(259)$(123)
*The following items are not reclassified out of AOCI and included in the Condensed 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:
Three Months Ended March 31,
(in millions)20262025
Beginning balance$759$864
Net income (loss) attributable to redeemable noncontrolling interest(8)7
Contributions from noncontrolling interests88
Distributions to noncontrolling interests(21)(20)
Other(2)(3)
Ending balance$736$856