← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Corebridge, the AIG-born annuity and life insurer, posted a $0.37B net loss on hedging and reinsurance accounting while its operating business held up, offloaded its variable annuities, kept buying back stock, and has since agreed an all-stock merger with Equitable
The read at a glance✓ Audited against SEC data
- Growth — Revenue down 1.2% to $18.48B; premiums up on pension risk transferNote
- Profitability — Net loss of $0.37B against $2.23B profit; net margin down 1,390 bpsWatch
- Balance sheet — Total debt down 12.0% to $10.91B; equity up 15.2%OK
- Capital allocation — Buybacks up 18.2% to $2.12B; dividends $0.51BNote
- Strategy — All-stock merger with Equitable agreed March 2026Note
Business
Corebridge Financial is one of the largest U.S. providers of annuities, retirement plans and life insurance, spun out of AIG, managing or administering $386.4 billion of client assets. It earns money three ways: the spread between investment returns and what it credits policyholders ($3.9 billion in 2025), fees ($1.2 billion) and underwriting margin ($1.4 billion). Blackstone and BlackRock manage large parts of its investment portfolio, and Nippon Life owns about 24.6% of its stock.
Where the revenue comes from
Fiscal 2025, as Corebridge Financial, Inc. reports it. History and quarterly detail are in the app.
- Life insurance in force$947.6B
- Long-Duration Insurance$2.7B
Leadership changes
From Corebridge Financial, Inc.'s own filings, the day they're filed.
- Adam Burk · Directors · departureeff. 2026-03-23
- Rose Marie Glazer · Directors · departureeff. 2026-03-23
- Christina Banthin · member · departureeff. 2025-11-14
Latest filings
- 8-K · Company announcement2026-09-17
- 8-K · Company announcement2026-08-20
- 8-K · Company announcement2026-08-17
- 10-Q · Quarterly report2026-08-05
- DEF 14A · Annual proxy (pay & governance)2026-08-05
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about Corebridge Financial, Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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