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Corebridge Financial, Inc. Condensed Consolidated Statements of Income (Loss) (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Premiums $ 542 $ 446 $ 929 $ 1,317
Policy fees 624 721 1,234 1,441
Net investment income: 3,190 3,338 6,387 6,527
Net realized losses:        
Total net realized losses (554) (1,975) (890) (3,389)
Advisory fee income 87 121 170 246
Other income 25 75 48 156
Total revenues 3,914 2,726 7,878 6,298
Benefits and expenses:        
Policyholder benefits (includes remeasurement (gains) losses of $69 and $59 for the three months ended June 30, 2026 and 2025, and $146 and $205, for the six months ended June 30, 2026 and 2025, respectively) 1,120 982 2,094 2,439
Change in the fair value of market risk benefits, net 180 (279) 558 106
Interest credited to policyholder account balances 1,570 1,486 3,095 2,903
Amortization of deferred policy acquisition costs and value of business acquired 248 275 493 550
Non-deferrable insurance commissions 102 152 206 308
Advisory fee expenses 45 64 89 134
General operating expenses 466 517 934 1,043
Interest expense 131 137 262 285
Net (gain) on divestitures 0 0 (2) 0
Total benefits and expenses 3,862 3,334 7,729 7,768
Income (loss) before income tax expense (benefit) 52 (608) 149 (1,470)
Income tax expense (benefit) 50 60 208 (145)
Net income (loss) 2 (668) (59) (1,325)
Less: Net loss attributable to noncontrolling interests 0 (8) (8) (1)
Net income (loss) attributable to Corebridge 2 (660) (51) (1,324)
Less: Preferred stock dividends 18 0 18 0
Net loss available to Corebridge common shareholders $ (16) $ (660) $ (69) $ (1,324)
Income (loss) per common share available to Corebridge common shareholders:        
Common stock - basic (in dollars per share) $ (0.04) $ (1.20) $ (0.15) $ (2.39)
Common stock - diluted (in dollars per share) $ (0.04) $ (1.20) $ (0.15) $ (2.39)
Weighted average shares outstanding:        
Common stock - basic (in shares) 454.2 550.3 463.8 554.1
Common stock - diluted (in shares) 454.2 550.3 463.8 554.1
Excluding Fortitude Re Funds Withheld Assets        
Revenues:        
Net investment income: $ 2,957 $ 2,995 $ 5,894 $ 5,853
Net realized losses:        
Total net realized losses (213) (1,694) (542) (2,516)
Net realized gains (losses) on Fortitude Re funds withheld assets        
Revenues:        
Net investment income: 233 343 493 674
Net realized losses:        
Total net realized losses (25) (30) (46) (26)
Net realized losses on Fortitude Re funds withheld embedded derivatives        
Net realized losses:        
Total net realized losses $ (316) $ (251) $ (302) $ (847)