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Corebridge Financial

CRBG NYSE Asset Management & Custody Banks Financials FY2020–FY2025

Corebridge Financial's revenue fell 1.2% to $18.5 billion in fiscal 2025. Its net margin was −2.0%, down from 11.9% a year earlier. It paid out $2.6 billion in dividends and buybacks. The diluted share count fell 10.0%.

Last close · Oct 23, 2026

$34.13

4.1%
Value it Compare
Revenue Total sales reported in the income statement.
$18.5B
1.2% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
−$366M
116.4%
Free cash flow Cash from operations minus capital spending.
—
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap Last close times the latest diluted share count, so it is approximate.
$15.5B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
21.5x
On $1.59 EPS (TTM)

What Corebridge Financial does

No business description yet.

Legal name
Corebridge Financial, Inc.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001889539-26-000022
0001889539

Revenue and margins

Corebridge Financial had $18.5B of revenue in fiscal 2025, down 1.2% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was — in fiscal 2025, — of revenue. Cash from operations minus capital spending.

Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Corebridge Financial returned $2.6B to shareholders in fiscal 2025. The diluted share count fell 10.0%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Corebridge Financial yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of — and divides by 539.3M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 21.5x · peers 26.8x · sector 13.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably Corebridge Financial can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $6.1B$5.0B$5.0B$5.8B$6.1B
Debt incl. finance leases $8.7B$9.4B———
Net debt / EBITDA 0.2x0.4x———
Debt / equity 0.3x————
Interest coverage 29.9x20.7x2.6x6.1x0.0x
Total assets $416.2B$360.3B$379.3B$389.4B$413.5B
Total liabilities $387.3B$350.0B$366.6B$377.1B$399.6B
Shareholders' equity $27.1B$9.4B$11.8B$11.5B$13.2B
Net debt (− = net cash) $2.7B$4.3B———

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$120M

1 insider

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

—

$0.0M

DateInsiderTradeSharesPriceValueFiling
Oct 20, 2026 Nippon Life Insurance Co10% owner Bought plan 193,357 $35.01 $6.8M Form 4
Oct 19, 2026 Nippon Life Insurance Co10% owner Bought plan 162,024 $34.51 $5.6M Form 4
Oct 16, 2026 Nippon Life Insurance Co10% owner Bought plan 347,195 $34.71 $12.1M Form 4
Oct 15, 2026 Nippon Life Insurance Co10% owner Bought plan 510,873 $33.43 $17.1M Form 4
Sep 28, 2026 Nippon Life Insurance Co10% owner Bought plan 805,782 $34.16 $27.5M Form 4
Sep 25, 2026 Nippon Life Insurance Co10% owner Bought plan 178,840 $34.52 $6.2M Form 4
Sep 24, 2026 Nippon Life Insurance Co10% owner Bought plan 258,878 $33.85 $8.8M Form 4
Sep 23, 2026 Nippon Life Insurance Co10% owner Bought plan 219,273 $34.13 $7.5M Form 4
Sep 22, 2026 Nippon Life Insurance Co10% owner Bought plan 296,868 $34.31 $10.2M Form 4
Sep 21, 2026 Nippon Life Insurance Co10% owner Bought plan 212,828 $35.08 $7.5M Form 4
Sep 18, 2026 Nippon Life Insurance Co10% owner Bought plan 131,333 $34.88 $4.6M Form 4
Sep 17, 2026 Nippon Life Insurance Co10% owner Bought plan 174,760 $35.20 $6.2M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✕
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✕
Cash from operations exceeds net income ✓ ✕ ✓
Debt fell relative to assets — — —
Current ratio rose — — —
Share count didn't rise ✓ ✓ ✓
Gross margin rose — — —
Revenue rose relative to assets ✕ ✕ ✕
F-score — / 9— / 9— / 9
Accruals ratio −0.6%0.0%−0.6%
Altman Z'' ———

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Corebridge Financial CRBG $15.5B −1.2% — — — 21.5x —
KKR KKR — −11.0% — — — — — Compare →
Blackstone BX $94.4B 9.2% — 31.5% 22.1% 26.4x — Compare →
BlackRock BLK $184.1B 18.7% 29.1% 14.7% 10.5% 26.8x — Compare →
Apollo Global Management APO $68.8B 22.7% — — — 41.3x — Compare →

6 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY20FY21FY22FY23FY24FY25
Income statement
Revenue $15.1B $23.3B $24.7B $18.8B $18.7B $18.5B
Interest expense $490M $389M $534M $580M $554M $552M
Pretax income $851M $11.3B $10.5B $940M $2.8B −$541M
Income tax −$15.0M $2.1B $2.0B −$96.0M $600M −$151M
Net income $642M $8.2B $8.2B $1.1B $2.2B −$366M
Diluted EPS — — $12.60 $1.71 $3.72 −$0.68
Diluted shares — — 0.65B 0.65B 0.60B 0.54B
Cash flow
Cash from operations $3.3B $2.4B $2.6B $3.4B $2.2B $2.0B
Depreciation and amortization $325M $413M $585M $366M $193M $556M
Stock-based compensation $74.0M $88.0M $75.0M $60.0M $58.0M $67.0M
Acquisitions $0.0M $0.0M $107M $5.0M $0.0M $0.0M
Share buybacks $0.0M $0.0M $0.0M $498M $1.8B $2.1B
Dividends paid $0.0M $0.0M $876M $1.7B $544M $511M
Dividends and buybacks $0.0M $0.0M $876M $2.2B $2.3B $2.6B
Balance sheet
Cash and short-term investments $918M $6.1B $5.0B $5.0B $5.8B $6.1B
Total debt — $8.7B $9.4B — — —
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $403M $323M $440M — — —
Total assets — $416.2B $360.3B $379.3B $389.4B $413.5B
Total liabilities — $387.3B $350.0B $366.6B $377.1B $399.6B
Shareholders' equity $39.8B $27.1B $9.4B $11.8B $11.5B $13.2B
Margins
EBITDA margin 11.1% 51.8% 47.0% 10.0% 19.0% 3.1%
Net margin 4.3% 35.4% 33.0% 5.9% 11.9% −2.0%
Returns
Return on assets — — 2.1% 0.3% 0.6% −0.1%
Growth
Revenue growth — 54.4% 6.2% −23.9% −0.5% −1.2%
Net income growth — 1,184.0% −1.0% −86.5% 102.0% −116.4%
EPS growth — — — −86.4% 117.5% −118.3%
Share count change — — — −0.3% −7.1% −10.0%
Financial health
Net debt / EBITDA — 0.2x 0.4x — — —
Debt / equity — 0.3x — — — —
Interest coverage 2.7x 29.9x 20.7x 2.6x 6.1x 0.0x
Capital allocation
Stock comp / revenue 0.5% 0.4% 0.3% 0.3% 0.3% 0.4%
Quality scores
Accruals ratio — — 1.4% −0.6% 0.0% −0.6%

Source: SEC EDGAR XBRL filings (CIK 0001889539). Data updated October 18, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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