Corebridge Financial (CRBG) financial statements
Corebridge Financial reported revenue of $18.5B in fiscal 2025, up 4.2% a year over 5 years.
Net income was -$366M and the operating margin -2.9%, against 5.6% in 2020.
The diluted share count fell 17% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Corebridge Financial's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $15.1B | $23.3B | $24.7B | $18.8B | $18.7B | $18.5B |
| Selling, general and admin | $2.0B | $2.1B | $2.3B | $2.3B | $2.0B | $2.0B |
| Operating income | $851M | $11.3B | $10.5B | $940M | $2.8B | -$541M |
| Interest expense | $490M | $389M | $534M | $580M | $554M | $552M |
| Pre-tax income | $851M | $11.3B | $10.5B | $940M | $2.8B | -$541M |
| Income tax | -$15M | $2.1B | $2.0B | -$96M | $600M | -$151M |
| Net income | $642M | $8.2B | $8.2B | $1.1B | $2.2B | -$366M |
| EPS (diluted) | — | — | $12.60 | $1.71 | $3.72 | -$0.68 |
| Diluted shares | — | — | 647M | 645M | 599M | 539M |
| Operating margin | 5.6% | 48.4% | 42.5% | 5.0% | 15.0% | -2.9% |
| Net margin | 4.3% | 35.4% | 33.0% | 5.9% | 11.9% | -2.0% |
Balance sheet
Fiscal years, from Corebridge Financial's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $654M | $537M | $552M | $612M | $806M | $447M |
| Property, plant and equipment | $403M | $323M | $440M | — | — | — |
| Goodwill | $218M | $192M | $175M | $117M | — | — |
| Total assets | $422.4B | $416.2B | $360.3B | $379.3B | $389.4B | $413.5B |
| Total liabilities | $383.8B | $387.3B | $350.0B | $366.6B | $377.1B | $399.6B |
| Shareholders' equity | $39.8B | $27.1B | $9.4B | $11.8B | $11.5B | $13.2B |
| Net debt | -$654M | -$537M | -$552M | -$612M | -$806M | -$447M |
Cash flow
Fiscal years, from Corebridge Financial's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | $3.3B | $2.4B | $2.6B | $3.4B | $2.2B | $2.0B |
| Stock-based compensation | $74M | $88M | $75M | $60M | $58M | $67M |
| Dividends paid | $0 | $0 | $876M | $1.7B | $544M | $511M |
| Share buybacks (net) | — | $0 | $0 | -$498M | -$1.8B | -$2.1B |
| Net borrowing | -$11M | -$568M | $6.2B | -$535M | -$982M | — |
| Dividends per share | — | — | $1.35 | $2.67 | $0.91 | $0.95 |
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What was Corebridge Financial's revenue in 2025?
$18.5B in fiscal 2025, from its 10-K filing.
From Corebridge Financial's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.