Equity

6 Months Ended

Jun. 30, 2026

16. EquityPREFERRED STOCK

Issuance of Corebridge Preferred Stock

On November 18, 2025, Corebridge Parent issued 500,000 shares of its 6.875% Fixed Rate Reset Non-Cumulative Preferred Stock,

Series A (the “Series A Preferred Stock”), $1.00 par value per share, with a liquidation preference of $1,000 per share, for aggregate

net cash proceeds of $493 million ($500 million gross). The preferred stock rank senior to Corebridge common stock with respect to

the payment of dividends and liquidation. Corebridge will pay dividends on the Series A Preferred Stock on a noncumulative basis

only when, as and if declared by the Company’s Board of Directors (or a duly authorized committee of the Board) and will be payable

semi-annually in arrears, commencing on June 1, 2026. Dividends will accrue on a noncumulative basis at a fixed rate per annum of

6.875% and from, and including, December 1, 2030, during each reset period at a rate per annum equal to the five-year treasury rate

plus 3.181%. In connection with the issuance of the Series A Preferred Stock we incurred $7 million of issuance costs, which has

been recorded as a reduction of additional paid-in capital. The Series A Preferred Stock is redeemable at Corebridge’s option, in

whole or in part, on any dividend payment date on or after December 1, 2030, at a redemption price of $1,000 per share plus declared

and unpaid dividends.

COMMON STOCK

The following table presents a rollforward of outstanding shares:


Six Months Ended June 30, 2026	Common Stock Issued	Treasury Stock	Common Stock Outstanding

Shares, beginning of year	650,189,849	(153,816,103)	496,373,746
Shares issued under long-term incentive compensation plans	—	1,381,018	1,381,018
Shares repurchased	—	(51,986,156)	(51,986,156)
Shares, end of period	650,189,849	(204,421,241)	445,768,608

Repurchase of Corebridge Common Stock

Shares may be repurchased from time to time in the open market, through private purchases, through forward, derivative, accelerated

repurchase or automatic repurchase transactions or otherwise. Certain of our share repurchases have been and may from time to

time be effected through the Securities and Exchange Act of 1934, as amended (the “Exchange Act”) Rule 10b5-1 repurchase plans.

On May 4, 2023, our Board of Directors authorized a share repurchase program, which has subsequently been expanded. Most

recently, on June 23, 2025, our Board of Directors authorized an additional $2.0 billion increase in the share repurchase amount

under the share repurchase program. Under this program, Corebridge Parent may, from time to time, purchase shares of Corebridge

Parent common stock but is not obligated to purchase any particular number of shares. The authorization for the share repurchase

program may be terminated, increased or decreased by the Board of Directors at any time.

The following table presents by announcement date, common stock repurchases authorized by Corebridge’s Board of

Directors:


June 30, 2026
Announcement date	Authorized amount	Authorization Remaining*
(in millions)

June 23, 2025	$2,000	$1,042
February 11, 2025	$2,000	$—
April 30, 2024	$2,000	$—
May 4, 2023	$1,000	$—

* The authorization remaining at June 30, 2026 does not reflect the applicable excise tax payable due to the Inflation Reduction Act of 2022.

RETAINED EARNINGS

Dividends

Common Stock Dividends


Declaration Date	Record Date	Payment Date	Dividend Paid Per Common Share

May 4, 2026	June 16, 2026	June 30, 2026	$0.25
February 9, 2026	March 17, 2026	March 31, 2026	$0.25

Preferred Stock Dividends


Declaration Date	Record Date	Payment Date	Dividend Paid Per Common Share

May 5, 2026	May 15, 2026	June 1, 2026	$36.86

Common Stock Dividends Declared

On August 4, 2026, the Company declared a cash dividend on Corebridge Parent common stock of $0.25 per share, payable on

September 30, 2026 to shareholders of record at close of business on September 16, 2026.

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 June 30, 2026
Balance, March 31, 2026, net of tax	$(63)	$(13,684)	$(645)	$3,905	$26	$31	$2	$(10,428)
Change in unrealized appreciation (depreciation) of investments	33	1,012	—	—	—	—	—	1,045
Change in fair value of market risk benefits attributable to changes in our own credit risk	—	—	(266)	—	—	—	—	(266)
Change in discount rates assumptions of certain liabilities	—	—	—	(256)	—	—	—	(256)
Change in future policy benefits and other	—	(21)	—	—	—	—	—	(21)
Change in cash flow hedges	—	—	—	—	(108)	—	—	(108)
Change in foreign currency translation adjustments	—	—	—	—	—	(4)	—	(4)
Change in deferred tax asset (liability)	(7)	(258)	58	55	23	—	—	(129)
Total other comprehensive income (loss)	26	733	(208)	(201)	(85)	(4)	—	261
Less: Noncontrolling interests	—	—	—	—	—	—	—	—
Balance, June 30, 2026, net of tax	$(37)	$(12,951)	$(853)	$3,704	$(59)	$27	$2	$(10,167)
Three Months Ended June 30, 2025
Balance, March 31, 2025, net of tax	$(30)	$(14,745)	$(737)	$3,382	$91	$(12)	$2	$(12,049)
Change in unrealized appreciation (depreciation) of investments	17	1,568	—	—	—	—	—	1,585
Change in fair value of market risk benefits attributable to changes in our own credit risk	—	—	16	—	—	—	—	16
Change in discount rates assumptions of certain liabilities	—	—	—	60	—	—	—	60
Change in future policy benefits and other	—	(1)	—	—	—	—	—	(1)
Change in cash flow hedges	—	—	—	—	57	—	—	57
Change in foreign currency translation adjustments	—	—	—	—	—	41	—	41
Change in deferred tax (liability)	(4)	(305)	(3)	(13)	(12)	(4)	—	(341)
Total other comprehensive income	13	1,262	13	47	45	37	—	1,417
Less: Noncontrolling interests	—	—	—	—	—	1	—	1
Balance, June 30, 2025, net of tax	$(17)	$(13,483)	$(724)	$3,429	$136	$24	$2	$(10,633)


(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
Six Months Ended June 30, 2026
Balance at 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	(10)	(1,507)	—	—	—	—	—	(1,517)
Change in fair value of market risk benefits attributable to changes in our own credit risk	—	—	335	—	—	—	—	335
Change in discount rates assumptions of certain liabilities	—	—	—	581	—	—	—	581
Change in future policy benefits and other	—	29	—	—	—	—	—	29
Change in cash flow hedges	—	—	—	—	(160)	—	—	(160)
Change in foreign currency translation adjustments	—	—	—	—	—	(4)	—	(4)
Change in deferred tax asset (liability)	2	183	(72)	(127)	35	—	—	21
Total other comprehensive income (loss)	(8)	(1,295)	263	454	(125)	(4)	—	(715)
Less: Noncontrolling interests	—	—	—	—	—	—	—	—
Balance, June 30, 2026, net of tax	$(37)	$(12,951)	$(853)	$3,704	$(59)	$27	$2	$(10,167)
Six Months Ended June 30, 2025
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	33	3,571	—	—	—	—	—	3,604
Change in fair value of market risk benefits attributable to changes in our own credit risk	—	—	(44)	—	—	—	—	(44)
Change in discount rates assumptions of certain liabilities	—	—	—	110	—	—	—	110
Change in future policy benefits and other	—	(33)	—	—	—	—	—	(33)
Change in cash flow hedges	—	—	—	—	232	—	—	232
Change in foreign currency translation adjustments	—	—	—	—	—	46	—	46
Change in deferred tax asset (liability)	(7)	(792)	10	(23)	(50)	(4)	—	(866)
Total other comprehensive income (loss)	26	2,746	(34)	87	182	42	—	3,049
Less: Noncontrolling interests	—	—	—	—	—	1	—	1
Balance, June 30, 2025, net of tax	$(17)	$(13,483)	$(724)	$3,429	$136	$24	$2	$(10,633)

The following table presents the OCI reclassification adjustments for the three and six months ended June 30, 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 June 30, 2026
Unrealized change arising during period	$34	$931	$(266)	$(256)	$(108)	$(4)	$331
Less: Reclassification adjustments included in net income	1	(60)	—	—	—	—	(59)
Total other comprehensive income (loss), before income tax expense (benefit)	33	991	(266)	(256)	(108)	(4)	390
Less: Income tax expense (benefit)	7	258	(58)	(55)	(23)	—	129
Total other comprehensive income (loss), net of income tax expense (benefit)	$26	$733	$(208)	$(201)	$(85)	$(4)	$261
Three Months Ended June 30, 2025
Unrealized change arising during period	$17	$799	$16	$60	$57	$41	$990
Less: Reclassification adjustments included in net income	—	(768)	—	—	—	—	(768)
Total other comprehensive income (loss), before income tax expense (benefit)	17	1,567	16	60	57	41	1,758
Less: Income tax expense (benefit)	4	305	3	13	12	4	341
Total other comprehensive income (loss), net of income tax expense (benefit)	$13	$1,262	$13	$47	$45	$37	$1,417
Six Months Ended June 30, 2026
Unrealized change arising during period	$(5)	$(1,801)	$335	$581	$(160)	$(4)	$(1,054)
Less: Reclassification adjustments included in net income	5	(323)	—	—	—	—	(318)
Total other comprehensive income (loss), before income tax expense (benefit)	(10)	(1,478)	335	581	(160)	(4)	(736)
Less: Income tax expense (benefit)	(2)	(183)	72	127	(35)	—	(21)
Total other comprehensive income (loss), net of income tax expense (benefit)	$(8)	$(1,295)	$263	$454	$(125)	$(4)	$(715)
Six Months Ended June 30, 2025
Unrealized change arising during period	$32	$2,615	$(44)	$143	$232	$46	$3,024
Less: Reclassification adjustments included in net income	(1)	(923)	—	33	—	—	(891)
Total other comprehensive income (loss), before income tax expense (benefit)	33	3,538	(44)	110	232	46	3,915
Less: Income tax expense (benefit)	7	792	(10)	23	50	4	866
Total other comprehensive income (loss), net of income tax expense (benefit)	$26	$2,746	$(34)	$87	$182	$42	$3,049

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 June 30,		Six Months Ended June 30,
(in millions)	2026	2025	2026	2025
Unrealized appreciation (depreciation) of fixed maturity securities on which allowance for credit losses was taken
Investments	$1	$—	$5	$(1)	Net realized gains (losses)
Total	$1	$—	$5	$(1)
Unrealized appreciation (depreciation) of all other investments
Investments	$(60)	$(768)	$(323)	$(923)	Net realized gains (losses)
Total	$(60)	$(768)	$(323)	$(923)
Effect of changes in the discount rates used to measure traditional and limited-payment long duration insurance contracts
Reinsurance recapture	$—	$—	$—	$33	Policyholder benefits
Total	$—	$—	$—	$33
Total reclassifications for the period	$(59)	$(768)	$(318)	$(891)

*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.

NON-REDEEMABLE NONCONTROLLING INTEREST

The activity in non-redeemable noncontrolling interest primarily relates to activities with consolidated investment entities.

The changes in non-redeemable noncontrolling interest due to divestitures and acquisitions primarily relate to the formation and

funding of new consolidated investment entities. The majority of the funding for these consolidated investment entities comes from

affiliated companies of Corebridge.

The changes in non-redeemable noncontrolling interest due to contributions from noncontrolling interests primarily relate to the

additional capital calls related to consolidated investment entities.

The changes in non-redeemable noncontrolling interest due to distributions to noncontrolling interests primarily relate to dividends or

other distributions related to consolidated investment entities.

The following table presents a rollforward of non-redeemable noncontrolling interest:


	Three Months Ended June 30,		Six Months Ended June 30,
(in millions)	2026	2025	2026	2025
Beginning balance	$736	$856	$759	$864
Net (loss) attributable to redeemable noncontrolling interest	—	(8)	(8)	(1)
Other comprehensive income, net of tax	—	1	—	1
Contributions from noncontrolling interests	—	30	8	38
Distributions to noncontrolling interests	(11)	(12)	(32)	(32)
Other	(3)	—	(5)	(3)
Ending balance	$722	$867	$722	$867

See Note 8 for additional information related to Variable Interest Entities.

- Definition

The entire disclosure for equity.

+ References

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-Topic 505
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+ Details