
(in millions)	Individual Retirement	Group Retirement	Life Insurance	Institutional Markets	Corporate & Other	Total Corebridge	Adjustments	Total Consolidated
Three Months Ended September 30, 2026
Premiums	$22	$2	$358	$156	$—	$538	$1	$539
Policy fees	94	99	350	52	—	595	12	607
Net investment income(a)	1,648	465	338	775	—	3,226	44	3,270
Net realized gains (losses)(a)(b)	—	—	—	—	16	16	1,609	1,625
Advisory fee and other income	—	113	1	1	8	123	—	123
Total adjusted revenues	1,764	679	1,047	984	24	4,498	1,666	6,164
Policyholder benefits	23	7	730	466	—	1,226	(8)	1,218
Change in the fair value of market risk benefits, net	—	—	—	—	—	—	(10)	(10)
Interest credited to policyholder account balances	983	306	80	285	1	1,655	(17)	1,638
Amortization of deferred policy acquisition costs	152	29	81	5	—	267	—	267
Non-deferrable insurance commissions	47	31	14	5	—	97	3	100
Advisory fee expenses	4	38	1	—	—	43	—	43
General operating expenses(c)	89	104	124	25	59	401	49	450
Interest expense	—	—	—	—	128	128	6	134
Total benefits and expenses	1,298	515	1,030	786	188	3,817	23	3,840
Noncontrolling interests	—	—	—	—	(4)	(4)
Adjusted pre-tax operating income (loss)	$466	$164	$17	$198	$(168)	$677
Adjustments to:
Total revenue						1,666
Total expenses						23
Noncontrolling interests						4
Income before income tax expense (benefit)						$2,324		$2,324

Three Months Ended September 30, 2025
Premiums	$23	$3	$366	$1,547	$—	$1,939	$5	$1,944
Policy fees	80	114	357	52	—	603	56	659
Net investment income (loss)(a)	1,520	467	323	644	26	2,980	340	3,320
Net realized gains (losses)(a)(b)	—	—	—	—	(5)	(5)	(676)	(681)
Advisory fee and other income	—	96	1	—	12	109	65	174
Total adjusted revenues	1,623	680	1,047	2,243	33	5,626	(210)	5,416
Policyholder benefits	31	3	726	1,821	—	2,581	13	2,594
Change in the fair value of market risk benefits, net	—	—	—	—	—	—	299	299
Interest credited to policyholder account balances	881	304	79	257	—	1,521	(27)	1,494
Amortization of deferred policy acquisition costs	123	22	84	4	—	233	20	253
Non-deferrable insurance commissions	42	32	15	5	1	95	36	131
Advisory fee expenses	5	34	—	—	—	39	32	71
General operating expenses(c)	90	100	118	22	53	383	98	481
Interest expense	—	—	—	—	127	127	8	135
Total benefits and expenses	1,172	495	1,022	2,109	181	4,979	479	5,458
Noncontrolling interests	—	—	—	—	7	7
Adjusted pre-tax operating income (loss)	$451	$185	$25	$134	$(141)	$654
Adjustments to:
Total revenue						(210)
Total expenses						479
Noncontrolling interests						(7)
Income before income tax expense (benefit)						$(42)		$(42)


(in millions)	Individual Retirement	Group Retirement	Life Insurance	Institutional Markets	Corporate & Other	Total Corebridge	Adjustments	Total Consolidated
Nine Months Ended September 30, 2026
Premiums	$64	$7	$1,101	$294	$—	$1,466	$2	$1,468
Policy fees	260	324	1,062	155	—	1,801	40	1,841
Net investment income(a)	4,787	1,336	986	2,152	(15)	9,246	411	9,657
Net realized gains (losses)(a)(b)	—	—	—	—	25	25	710	735
Advisory fee and other income	—	314	2	2	23	341	—	341
Total adjusted revenues	5,111	1,981	3,151	2,603	33	12,879	1,163	14,042
Policyholder benefits	72	17	2,030	1,212	—	3,331	(19)	3,312
Change in the fair value of market risk benefits, net	—	—	—	—	—	—	548	548
Interest credited to policyholder account balances	2,849	907	237	830	1	4,824	(91)	4,733
Amortization of deferred policy acquisition costs	413	84	247	16	—	760	—	760
Non-deferrable insurance commissions	149	93	41	15	1	299	7	306
Advisory fee expenses	16	114	2	—	—	132	—	132
General operating expenses(c)	264	311	369	70	177	1,191	193	1,384
Interest expense	—	—	—	—	376	376	20	396
Net (gain) on divestitures	—	—	—	—	—	—	(2)	(2)
Total benefits and expenses	3,763	1,526	2,926	2,143	555	10,913	656	11,569
Noncontrolling interests	—	—	—	—	4	4
Adjusted pre-tax operating income (loss)	$1,348	$455	$225	$460	$(518)	$1,970
Adjustments to:
Total revenue						1,163
Total expenses						656
Noncontrolling interests						(4)
Income before income tax expense (benefit)						$2,473		$2,473

Nine Months Ended September 30, 2025
Premiums	$71	$7	$1,083	$2,072	$—	$3,233	$28	$3,261
Policy fees	223	327	1,087	153	—	1,790	310	2,100
Net investment income(a)	4,458	1,421	994	1,887	45	8,805	1,042	9,847
Net realized gains (losses)(a)(b)	—	—	—	—	(3)	(3)	(4,067)	(4,070)
Advisory fee and other income	—	268	2	2	25	297	279	576
Total adjusted revenues	4,752	2,023	3,166	4,114	67	14,122	(2,408)	11,714
Policyholder benefits	90	10	2,012	2,849	11	4,972	61	5,033
Change in the fair value of market risk benefits, net	—	—	—	—	—	—	405	405
Interest credited to policyholder account balances	2,480	901	243	730	—	4,354	43	4,397
Amortization of deferred policy acquisition costs	347	65	253	12	—	677	126	803
Non-deferrable insurance commissions	125	92	44	15	2	278	161	439
Advisory fee expenses	14	97	1	—	—	112	93	205
General operating expenses (c)	268	296	347	64	160	1,135	389	1,524
Interest expense	—	—	—	—	396	396	24	420
Total benefits and expenses	3,324	1,461	2,900	3,670	569	11,924	1,302	13,226
Noncontrolling interests	—	—	—	—	8	8
Adjusted pre-tax operating income (loss)	$1,428	$562	$266	$444	$(494)	$2,206
Adjustments to:
Total revenue						(2,408)
Total expenses						1,302
Noncontrolling interests						(8)
Income before income tax expense (benefit)						$(1,512)		$(1,512)