
(in millions)	Individual Retirement	Group Retirement	Life Insurance	Institutional Markets	Corporate & Other	Total Corebridge	Adjustments	Total Consolidated
Three Months Ended June 30, 2026
Premiums	$26	$4	$382	$129	$—	$541	$1	$542
Policy fees	89	116	356	51	—	612	12	624
Net investment income(a)	1,604	438	324	679	(14)	3,031	159	3,190
Net realized gains (losses)(a)(b)	—	—	—	—	—	—	(554)	(554)
Advisory fee and other income	—	103	—	—	9	112	—	112
Total adjusted revenues	1,719	661	1,062	859	(5)	4,296	(382)	3,914
Policyholder benefits	32	7	652	432	—	1,123	(3)	1,120
Change in the fair value of market risk benefits, net	—	—	—	—	—	—	180	180
Interest credited to policyholder account balances	946	302	79	275	(1)	1,601	(31)	1,570
Amortization of deferred policy acquisition costs	131	28	83	6	—	248	—	248
Non-deferrable insurance commissions	50	31	14	5	1	101	1	102
Advisory fee expenses	6	39	—	—	—	45	—	45
General operating expenses(c)	87	103	122	22	56	390	76	466
Interest expense	—	—	—	—	124	124	7	131
Total benefits and expenses	1,252	510	950	740	180	3,632	230	3,862
Noncontrolling interests	—	—	—	—	—	—
Adjusted pre-tax operating income (loss)	$467	$151	$112	$119	$(185)	$664
Adjustments to:
Total revenue						(382)
Total expenses						230
Noncontrolling interests						—
Income before income tax expense (benefit)						$52		$52

Three Months Ended June 30, 2025
Premiums	$31	$—	$377	$25	$—	$433	$13	$446
Policy fees	76	105	366	51	—	598	123	721
Net investment income (loss)(a)	1,519	469	335	654	7	2,984	354	3,338
Net realized gains (losses)(a)(b)	—	—	—	—	(11)	(11)	(1,964)	(1,975)
Advisory fee and other income	—	85	—	1	6	92	104	196
Total adjusted revenues	1,626	659	1,078	731	2	4,096	(1,370)	2,726
Policyholder benefits	36	2	650	286	—	974	8	982
Change in the fair value of market risk benefits, net	—	—	—	—	—	—	(279)	(279)
Interest credited to policyholder account balances	824	301	84	243	—	1,452	34	1,486
Amortization of deferred policy acquisition costs	112	21	84	4	—	221	54	275
Non-deferrable insurance commissions	41	30	15	5	—	91	61	152
Advisory fee expenses	3	30	1	—	—	34	30	64
General operating expenses(c)	87	93	111	20	50	361	156	517
Interest expense	—	—	—	—	129	129	8	137
Total benefits and expenses	1,103	477	945	558	179	3,262	72	3,334
Noncontrolling interests	—	—	—	—	8	8
Adjusted pre-tax operating income (loss)	$523	$182	$133	$173	$(169)	$842
Adjustments to:
Total revenue						(1,370)
Total expenses						72
Noncontrolling interests						(8)
Income before income tax expense (benefit)						$(608)		$(608)


(in millions)	Individual Retirement	Group Retirement	Life Insurance	Institutional Markets	Corporate & Other	Total Corebridge	Adjustments	Total Consolidated
Six Months Ended June 30, 2026
Premiums	$42	$5	$743	$138	$—	$928	$1	$929
Policy fees	166	225	712	103	—	1,206	28	1,234
Net investment income(a)	3,139	871	648	1,377	(15)	6,020	367	6,387
Net realized gains (losses)(a)(b)	—	—	—	—	9	9	(899)	(890)
Advisory fee and other income	—	201	1	1	15	218	—	218
Total adjusted revenues	3,347	1,302	2,104	1,619	9	8,381	(503)	7,878
Policyholder benefits	49	10	1,300	746	—	2,105	(11)	2,094
Change in the fair value of market risk benefits, net	—	—	—	—	—	—	558	558
Interest credited to policyholder account balances	1,866	601	157	545	—	3,169	(74)	3,095
Amortization of deferred policy acquisition costs	261	55	166	11	—	493	—	493
Non-deferrable insurance commissions	102	62	27	10	1	202	4	206
Advisory fee expenses	12	76	1	—	—	89	—	89
General operating expenses(c)	175	207	245	45	118	790	144	934
Interest expense	—	—	—	—	248	248	14	262
Net (gain) on divestitures	—	—	—	—	—	—	(2)	(2)
Total benefits and expenses	2,465	1,011	1,896	1,357	367	7,096	633	7,729
Noncontrolling interests	—	—	—	—	8	8
Adjusted pre-tax operating income (loss)	$882	$291	$208	$262	$(350)	$1,293
Adjustments to:
Total revenue						(503)
Total expenses						633
Noncontrolling interests						(8)
Income before income tax expense (benefit)						$149		$149

Six Months Ended June 30, 2025
Premiums	$48	$4	$717	$525	$—	$1,294	$23	$1,317
Policy fees	143	213	730	101	—	1,187	254	1,441
Net investment income(a)	2,938	954	671	1,243	19	5,825	702	6,527
Net realized gains (losses)(a)(b)	—	—	—	—	2	2	(3,391)	(3,389)
Advisory fee and other income	—	172	1	2	13	188	214	402
Total adjusted revenues	3,129	1,343	2,119	1,871	34	8,496	(2,198)	6,298
Policyholder benefits	59	7	1,286	1,028	11	2,391	48	2,439
Change in the fair value of market risk benefits, net	—	—	—	—	—	—	106	106
Interest credited to policyholder account balances	1,599	597	164	473	—	2,833	70	2,903
Amortization of deferred policy acquisition costs	224	43	169	8	—	444	106	550
Non-deferrable insurance commissions	83	60	29	10	1	183	125	308
Advisory fee expenses	9	63	1	—	—	73	61	134
General operating expenses (c)	178	196	229	42	107	752	291	1,043
Interest expense	—	—	—	—	269	269	16	285
Loss on extinguishment of debt	—	—	—	—	—	—	—	—
Net (gain) on divestitures	—	—	—	—	—	—	—	—
Total benefits and expenses	2,152	966	1,878	1,561	388	6,945	823	7,768
Noncontrolling interests	—	—	—	—	1	1
Adjusted pre-tax operating income (loss)	$977	$377	$241	$310	$(353)	$1,552
Adjustments to:
Total revenue						(2,198)
Total expenses						823
Noncontrolling interests						(1)
Income before income tax expense (benefit)						$(1,470)		$(1,470)