Corebridge Financial, Inc. (CRBG) Income Statement Analysis

See more : Interma Trade S.A. (ITM.WA) Income Statement Analysis – Financial Results

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)

Industry: Asset Management

Sector: Financial Services

Website: https://www.corebridgefinancial.com

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

Corebridge Financial (CRBG) Earnings Expected to Grow: Should You Buy?

February 8, 2024zacks.com

Corebridge (CRBG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Here's Why Corebridge Financial (CRBG) Fell More Than Broader Market

February 5, 2024zacks.com

In the closing of the recent trading day, Corebridge Financial (CRBG) stood at $23.49, denoting a -0.76% change from the preceding trading day.

Corebridge Financial (CRBG) Increases Despite Market Slip: Here's What You Need to Know

January 30, 2024zacks.com

Corebridge Financial (CRBG) reachead $24.63 at the closing of the latest trading day, reflecting a +0.78% change compared to its last close.

Corebridge Financial (CRBG) Laps the Stock Market: Here's Why

January 24, 2024zacks.com

In the latest trading session, Corebridge Financial (CRBG) closed at $24.56, marking a +0.37% move from the previous day.

Corebridge Financial Launches New Multi-Year Guaranteed Annuity for Registered Investment Advisors

January 24, 2024businesswire.com

HOUSTON--(BUSINESS WIRE)--Corebridge Financial today announced the expansion of its annuity lineup for registered investment advisors (RIAs) with the launch of American Pathway AdvisorySM—a multi-year guaranteed annuity (MYGA) that offers growth and principal protection, along with flexibility and convenience. American Pathway...

Compelling Reasons to Hold on to Corebridge (CRBG) Stock Now

January 18, 2024zacks.com

Corebridge (CRBG) remains well-poised for growth on the back of strength in its four business units, higher sales of insurance policies, an aging U.S. population and expanding cash reserves.

Corebridge Financial Schedules Announcement of Fourth Quarter and Full Year 2023 Financial Results

January 17, 2024businesswire.com

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that it will report fourth quarter and full year 2023 financial results before the market opens on Thursday, February 15, 2024. The Corebridge press release and financial supplement will be available in...