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Complete financial analysis of Corebridge Financial, Inc. (CRBG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Corebridge Financial, Inc., a leading company in the Asset Management industry within the Financial Services sector.
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Corebridge Financial, Inc. (CRBG)
About Corebridge Financial, Inc.
Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States. It operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments. The Individual Retirement segment provides fixed annuities, fixed index annuities, variable annuities and retail mutual funds. The Group Retirement segment offers record-keeping services, plan administration and compliance services, and financial planning and advisory solutions to employer-defined contribution plans and their participants, as well as proprietary and non-proprietary annuities, advisory services, and brokerage products. The Life Insurance segment offers term life and universal life insurance in the United States, as well as issues individual life, whole life, and group life insurance in the United Kingdom; and distributes medical insurance in Ireland. The Institutional Markets segment provides stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank owned life insurance, high net worth products, and guaranteed investment contracts. The company was formerly known as SAFG Retirement Services, Inc. Corebridge Financial, Inc. was incorporated in 1998 and is headquartered in Houston, Texas. Corebridge Financial, Inc. operates as a subsidiary of American International Group, Inc.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 18.62B | 26.68B | 23.39B | 15.06B | 13.21B | 15.03B |
| Cost of Revenue | 306.00M | 878.00M | 13.66B | 11.59B | 10.51B | 0.00 |
| Gross Profit | 18.32B | 25.80B | 9.73B | 3.47B | 2.70B | 15.03B |
| Gross Profit Ratio | 98.36% | 96.71% | 41.61% | 23.03% | 20.45% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 2.36B | 2.32B | 2.10B | 2.03B | 1.98B | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 2.36B | 2.32B | 2.10B | 2.03B | 1.98B | 2.80B |
| Other Expenses | 16.73B | 2.32B | -3.84B | -3.17B | -3.21B | -3.36B |
| Operating Expenses | 19.09B | 2.32B | 2.10B | 2.03B | 1.98B | 3.36B |
| Cost & Expenses | 19.09B | 16.22B | 13.26B | 14.21B | 13.07B | -11.23B |
| Interest Income | 0.00 | 1.70B | 1.66B | 490.00M | 555.00M | 267.00M |
| Interest Expense | 580.00M | 534.00M | 389.00M | 490.00M | 555.00M | 0.00 |
| Depreciation & Amortization | 366.00M | 585.00M | 562.00M | 325.00M | 294.00M | 92.00M |
| EBITDA | 1.47B | 11.06B | 10.50B | 1.15B | 491.00M | -308.00M |
| EBITDA Ratio | 7.89% | 43.84% | -22.82% | -33.25% | -35.50% | -28.93% |
| Operating Income | -417.00M | 10.67B | -5.90B | -5.33B | -4.98B | 4.40B |
| Operating Income Ratio | -2.24% | 40.01% | -25.22% | -35.41% | -37.73% | 29.28% |
| Total Other Income/Expenses | 1.36B | -10.84B | -10.37B | -11.90B | -10.78B | -3.97B |
| Income Before Tax | 940.00M | 10.46B | 10.13B | 851.00M | 139.00M | -166.00M |
| Income Before Tax Ratio | 5.05% | 39.21% | 43.30% | 5.65% | 1.05% | -1.10% |
| Income Tax Expense | -96.00M | 1.99B | 1.84B | -15.00M | -168.00M | -132.00M |
| Net Income | 1.10B | 8.16B | 8.24B | 866.00M | 307.00M | -80.00M |
| Net Income Ratio | 5.93% | 30.58% | 35.24% | 5.75% | 2.32% | -0.53% |
| EPS | 1.72 | 12.63 | 11.40 | 1.34 | 0.48 | -0.12 |
| EPS Diluted | 1.71 | 12.60 | 11.40 | 1.34 | 0.48 | -0.12 |
| Weighted Avg Shares Out | 643.30M | 646.10M | 645.00M | 645.00M | 645.00M | 645.00M |
| Weighted Avg Shares Out (Dil) | 645.20M | 647.40M | 645.00M | 645.00M | 645.00M | 645.00M |
Here's Why Investors Should Hold Corebridge (CRBG) Stock Now
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Source: https://incomestatements.info
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