See more : Morgan Stanley (MS-PF) 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)
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 |
AIG Announces Closing of Secondary Offering of Corebridge Financial, Inc. Common Stock
AIG Announces Pricing of Secondary Offering of Corebridge Financial, Inc. Common Stock
AIG launches secondary offering of 50 million shares of former life and retirement business Corebridge Financial
AIG Announces Launch of Secondary Offering of Corebridge Financial, Inc. Common Stock
Corebridge Financial, Inc. (CRBG) Q3 2023 Earnings Call Transcript
Corebridge Financial (CRBG) Q3 Earnings and Revenues Miss Estimates
Corebridge Financial Announces Third Quarter 2023 Results
Corebridge Financial Declares Special Dividend of $1.16 Per Share
Corebridge Financial Completes Sale of Laya Healthcare to AXA
Here's Why Corebridge Financial (CRBG) Gained But Lagged the Market Today
Source: https://incomestatements.info
Category: Stock Reports