Below are the financial statements of Corebridge Financial, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of USD | 2024 | 2023 | 2022 |
---|---|---|---|
Revenues | — | — | — |
Premiums | 4,600a | 7,691a | 5,091a |
Policy fees | 2,901a | 2,797a | 2,914a |
Net investment income | — | — | — |
Net investment income - excluding Fortitude Re funds withheld assets | 10,858a | 9,710a | 8,685a |
Net investment income - Fortitude Re funds withheld assets | 1,370a | 1,368a | 891a |
Total net investment income | 12,228a | 11,078a | 9,576a |
Net realized gains (losses) | — | — | — |
Net realized gains (losses) - excluding Fortitude Re funds withheld assets and embedded derivative | -1,117a | -1,614a | 141a |
Net realized gains (losses) on Fortitude Re funds withheld assets | -248a | -224a | -397a |
Net realized gains (losses) on Fortitude Re funds withheld embedded derivative | -518a | -1,734a | 6,347a |
Total net realized gains (losses) | -1,883a | -3,572a | 6,091a |
Advisory fee income | 506a | 467a | 475a |
Other income | 429a | 417a | 550a |
Total revenues | 18,781a | 18,878a | 24,697a |
Benefits and expenses | — | — | — |
Policyholder benefits | -6,632a | -9,362a | -6,720a |
Change in the fair value of market risk benefits, net | -227a | -6a | -958a |
Interest credited to policyholder account balances | -5,240a | -4,427a | -3,732a |
Amortization of deferred policy acquisition costs and value of business acquired | -1,060a | -1,042a | -1,020a |
Non-deferrable insurance commissions | -588a | -588a | -568a |
Advisory fee expenses | -286a | -261a | -266a |
General operating expenses | -2,090a | -2,360a | -2,323a |
Interest expense | -554a | -580a | -534a |
Net (gain) loss on divestitures | -245a | -676a | -1a |
Total benefits and expenses | -15,978a | -17,938a | -14,206a |
Income (loss) before income tax expense (benefit) | 2,803a | 940a | 10,491a |
Income tax expense (benefit) | — | — | — |
Current | -35a | -306a | -878a |
Deferred | -635a | -402a | -1,134a |
Income tax expense (benefit) | -600a | -96a | -2,012a |
Net income (loss) | 2,203a | 1,036a | 8,479a |
Less: Net income (loss) attributable to noncontrolling interests | -27a | -68a | 320a |
Net income (loss) attributable to Corebridge | 2,230a | 1,104a | 8,159a |
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