Corebridge Financial IncCorebridge Financial Inc
Corebridge Financial Inc

Corebridge Financial Inc

CRBG
Financials·Financial Services

Corebridge Financial, Inc. engages in the provision of retirement solutions and insurance products. It operates under the following business segments: Individual Retirement, Group Retirement, Life Insurance, Institutional Markets, and Corporate and Other. The Individual Retirement segment consists of fixed annuities, fixed index annuities, variable annuities, and retail mutual funds. The Group Retirement segment is composed of record-keeping, plan administrative and compliance services, financial planning and advisory solutions offered to employer defined contribution plans and their participants, along with proprietary and non-proprietary annuities, advisory and brokerage products offered outside of plan. The Life insurance segment offers term life and universal life insurance. The Institutional Markets segment refers to SVW products, structured settlement, PRT annuities, and corporate-and bank-owned life insurance. The Corporate and Other segment consists of corporate expenses not attributable to other segments, interest expense on financial debt, results of consolidated investment entities, Institutional asset management business, and results of insurance lines ceded to Fortitude. The company was founded in 1957 and is headquartered in Houston, TX.

Texas; U.S.A
Market cap
$15.4BNo data
Revenue
$18.5B−1.6% YoY
Net income
$-366M−116.4% YoY
Free cash flow
$2B−6.0% YoY

Market

Listed stock
CRBGPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$18.5B−1.6% YoY
Operating income
$1.2B−66.3% YoY
Net income
$-366M−116.4% YoY
Free cash flow
$2B−6.0% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $23.3B, 2022 $26.7B, 2023 $18.9B, 2024 $18.8B, 2025 $18.5B. Operating income: 2021 $8.8B, 2022 $14.1B, 2023 $2.1B, 2024 $3.6B, 2025 $1.2B. Net income: 2021 $8.2B, 2022 $8.1B, 2023 $1.1B, 2024 $2.2B, 2025 $-366M. Free cash flow: 2021 $2.4B, 2022 $2.7B, 2023 $3.4B, 2024 $2.2B, 2025 $2B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-1.6%−108 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $8.8B, 2022-12-31 $14.1B, 2023-12-31 $2.1B, 2024-12-31 $3.6B, 2025-12-31 $1.2B. Net income: 2021-12-31 $8.2B, 2022-12-31 $8.1B, 2023-12-31 $1.1B, 2024-12-31 $2.2B, 2025-12-31 $-366M. Free cash flow: 2021-12-31 $2.4B, 2022-12-31 $2.7B, 2023-12-31 $3.4B, 2024-12-31 $2.2B, 2025-12-31 $2B

Growth heatmap

2022202320242025CAGR
Revenue
+14.7%
-29.2%
-0.5%
-1.6%
-5.6%
Gross profit
+33.8%
-70.2%
+35.8%
-36.7%
-23.5%
Operating income
+60.4%
-85.3%
+74.1%
-66.3%
-39.0%
Free cash flow
+12.1%
+24.6%
-35.9%
-6.0%
-4.3%

Earnings quality

Operating cash flow
$2B−6.0% YoY
Net income
$-366M−116.4% YoY
Free cash flow
$2B−6.0% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 -552%, 2024-12-31 96%, 2023-12-31 304%, 2022-12-31 33%, 2021-12-31 29%. Free cash flow: 2025-12-31 -552%, 2024-12-31 96%, 2023-12-31 304%, 2022-12-31 33%, 2021-12-31 29%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
No data
No data
Free cash flow yield
No data
No data
No data
No data