v3.26.3
Corebridge Financial, Inc. Condensed Consolidated Statements of Income (Loss) (unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Premiums $ 539 $ 1,944 $ 1,468 $ 3,261
Policy fees 607 659 1,841 2,100
Net investment income 3,270 3,320 9,657 9,847
Net realized gains (losses):        
Total net realized gains (losses) 1,625 (681) 735 (4,070)
Advisory fee income 89 131 259 377
Other income 34 43 82 199
Total revenues 6,164 5,416 14,042 11,714
Benefits and expenses:        
Policyholder benefits (includes remeasurement (gains) losses of $144 and $179 for the three months ended September 30, 2026 and 2025, and $290 and $384, for the nine months ended September 30, 2026 and 2025, respectively) 1,218 2,594 3,312 5,033
Change in the fair value of market risk benefits, net (10) 299 548 405
Interest credited to policyholder account balances 1,638 1,494 4,733 4,397
Amortization of deferred policy acquisition costs and value of business acquired 267 253 760 803
Non-deferrable insurance commissions 100 131 306 439
Advisory fee expenses 43 71 132 205
General operating expenses 450 481 1,384 1,524
Interest expense 134 135 396 420
Net (gain) on divestitures 0 0 (2) 0
Total benefits and expenses 3,840 5,458 11,569 13,226
Income (loss) before income tax expense (benefit) 2,324 (42) 2,473 (1,512)
Income tax expense (benefit) 880 (179) 1,088 (324)
Net income (loss) 1,444 137 1,385 (1,188)
Less: Net income (loss) attributable to noncontrolling interests 4 (7) (4) (8)
Net income (loss) attributable to Corebridge 1,440 144 1,389 (1,180)
Less: Preferred stock dividends 0 0 18 0
Net income (loss) available to Corebridge common shareholders $ 1,440 $ 144 $ 1,371 $ (1,180)
Income (loss) per common share available to Corebridge common shareholders:        
Common stock - basic (in dollars per share) $ 3.23 $ 0.27 $ 3.00 $ (2.15)
Common stock - diluted (in dollars per share) $ 3.22 $ 0.27 $ 2.99 $ (2.15)
Weighted average shares outstanding:        
Common stock - basic (in shares) 445.6 539.1 457.7 549.1
Common stock - diluted (in shares) 447.2 540.6 459.0 549.1
Excluding Fortitude Re Funds Withheld Assets        
Revenues:        
Net investment income $ 3,150 $ 2,952 $ 9,044 $ 8,805
Net realized gains (losses):        
Total net realized gains (losses) 801 (1) 259 (2,517)
Net realized losses on Fortitude Re funds withheld assets        
Revenues:        
Net investment income 120 368 613 1,042
Net realized gains (losses):        
Total net realized gains (losses) (208) (10) (254) (36)
Net realized gains (losses) on Fortitude Re funds withheld embedded derivatives        
Net realized gains (losses):        
Total net realized gains (losses) $ 1,032 $ (670) $ 730 $ (1,517)