v3.26.1
Corebridge Financial, Inc. Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Fixed maturity securities:    
Bonds available-for-sale, at fair value, net of allowance for credit losses of $— in 2026 and $130 in 2025 (amortized cost: 2026 - $—; 2025 - $203,848) [1] $ 189,439 $ 189,381
Other bond securities, at fair value [1] 5,302 5,407
Equity securities, at fair value [1] 50 79
Mortgage and other loans receivable, net of allowance for credit losses of $— in 2026 and $727 in 2025 [1] 53,861 54,481
Other invested assets (portion measured at fair value: 2026 - $—; 2025 - $8,106) [1] 11,314 10,235
Short-term investments, including restricted cash of $— in 2026 and $4 in 2025 (portion measured at fair value: 2026 - $—; 2025 - $1,624) [1] 4,587 5,675
Total investments 264,553 265,258
Cash [1] 353 447
Accrued investment income [1] 2,413 2,379
Premiums and other receivables, net of allowance for credit losses and disputes of $1 in 2026 and $1 in 2025 464 648
Current and deferred income taxes 7,285 7,467
Deferred policy acquisition costs and value of business acquired 8,836 8,885
Market risk benefit assets, at fair value 2,492 2,392
Other assets, including restricted cash of $— in 2026 and $2 in 2025 (portion measured at fair value: 2026 - $—; 2025 - $441) [1] 5,066 4,435
Separate account assets, at fair value 98,771 95,585
Total assets 415,793 413,547
Liabilities:    
Future policy benefits for life and accident and health insurance contracts 59,541 60,971
Policyholder contract deposits (portion measured at fair value: 2026 - $13,568; 2025 - $12,156) 193,225 188,876
Market risk benefit liabilities, at fair value 7,723 7,309
Other policyholder funds 3,003 2,959
Separate account liabilities 98,771 95,585
Total liabilities 404,420 399,587
Contingencies, commitments and guarantees (See Note 15)
Corebridge Shareholders' equity:    
Preferred stock and additional paid-in capital, $1 par value and $1,000 liquidation preference 493 493
Common stock, $0.01 par value; 2,500,000,000 shares authorized; shares issued: 2026 - 650,189,849 and 2025 - 650,189,849 7 7
Treasury stock, at cost; 2026 - 204,421,241 shares and 2025 - 153,816,103 shares (5,908) (4,382)
Additional paid-in capital 8,151 8,162
Retained earnings 18,075 18,373
Accumulated other comprehensive loss (10,167) (9,452)
Total Corebridge Shareholders' equity 10,651 13,201
Non-redeemable noncontrolling interests 722 759
Total equity 11,373 13,960
Total liabilities and equity 415,793 413,547
Consolidated Entities, Excluding Consolidated Investments    
Liabilities:    
Short-term and long-term debt, of which $1,250 in 2026 and $0 in 2025 is short-term debt 9,362 9,359
Debt of consolidated investment entities    
Liabilities:    
Debt of consolidated investment entities [1] 1,508 1,547
Fortitude RE    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 23,574 24,139
Liabilities:    
Fortitude Re funds withheld payable (portion measured at fair value: 2026 - $3,971; 2025 - $3,795) 22,965 23,648
Excluding Fortitude    
Fixed maturity securities:    
Reinsurance assets, net of allowance for credit losses and disputes 1,986 1,912
Liabilities:    
Other liabilities (portion measured at fair value: 2026 - $—; 2025 - $322) [1] $ 8,322 $ 9,333
[1] See Note 8 for details of balances associated with variable interest entities