Corebridge Financial, Inc.CRBG
| Dec 31,
2022 | Dec 31,
2023 |
|---|
| Net income (loss) | 8,469 | 1,036 |
|---|
| Net losses (gains) on sales of securities available-for-sale and other assets | -377 | -304 |
|---|
| Net (gain) loss on divestitures | -1 | 676 |
|---|
| Unrealized (gains) losses in earnings - net | 1,621 | -1,797 |
|---|
| Equity in income from equity method investments, net of dividends or distributions | 97 | -8 |
|---|
| Proceeds (Payments) For Market Risk Benefit | - | -348 |
|---|
| Depreciation and other amortization | 1,021 | 366 |
|---|
| Equity in income from equity method investments, net of dividends or distributions | 97 | -8 |
|---|
| Impairments of assets | 25 | 69 |
|---|
| Depreciation and other amortization | 1,021 | 366 |
|---|
| Impairment Charges | 25 | 69 |
|---|
| Insurance liabilities | 2,064 | 770 |
|---|
| Premiums and other receivables and payables - net | -68 | 265 |
|---|
| Funds held relating to Fortitude Re Reinsurance contracts | 8,497 | 137 |
|---|
| Reinsurance assets and funds held under reinsurance treaties | -409 | -675 |
|---|
| Capitalization of deferred policy acquisition costs | 991 | 1,260 |
|---|
| Current and deferred income taxes - net | 890 | -116 |
|---|
| Other, net | -577 | -1,134 |
|---|
| Total adjustments | -5,774 | 2,321 |
|---|
| Net cash provided by operating activities | 2,695 | 3,357 |
|---|
| Available-for-sale securities | 10,566 | 7,400 |
|---|
| Other securities | 2,181 | 988 |
|---|
| Other invested assets | 1,888 | 1,367 |
|---|
| Divestitures, net | - | 747 |
|---|
| Maturities of fixed maturity securities available-for-sale | 9,621 | 8,859 |
|---|
| Proceeds from Sale and Collection of Mortgage Notes Receivable | 7,814 | 6,164 |
|---|
| Available-for-sale securities | 19,499 | 18,321 |
|---|
| Other securities | 3,694 | 1,379 |
|---|
| Other invested assets | 1,662 | 1,172 |
|---|
| Mortgage and other loans receivable | 14,203 | 9,168 |
|---|
| Acquisition of businesses, net of cash and restricted cash acquired | 107 | 5 |
|---|
| Net change in short-term investments | -883 | 334 |
|---|
| Net change in derivative assets and liabilities | 754 | 884 |
|---|
| Other, net | 287 | -262 |
|---|
| Net cash used in investing activities | -7,253 | -5,476 |
|---|
| Policyholder contract deposits | 26,508 | 33,015 |
|---|
| Policyholder contract withdrawals | 20,722 | 27,957 |
|---|
| Issuance of long term debt | 7,451 | - |
|---|
| Issuance of short-term debt | 1,512 | - |
|---|
| Repayments of short-term debt | 8,312 | 1,250 |
|---|
| Dividends paid on common stock | 876 | 1,722 |
|---|
| Distributions to noncontrolling interests | 477 | 91 |
|---|
| Proceeds from Noncontrolling Interests | 146 | 96 |
|---|
| Net change in securities lending and repurchase agreements | -647 | -544 |
|---|
| Other, net | 299 | 139 |
|---|
| Repurchase of common stock | - | 498 |
|---|
| Other, net | 299 | 139 |
|---|
| Net cash provided by (used in) financing activities | 4,600 | 2,114 |
|---|
| Effect of exchange rate changes on cash and restricted cash | -10 | 3 |
|---|
| Net increase (decrease) in cash and restricted cash | 32 | -2 |
|---|
| Change in cash of businesses held for sale | - | -3 |
|---|
| Change in cash of businesses held for sale | - | -3 |
|---|
| Interest | 472 | 583 |
|---|
| Taxes | 1,101 | 20 |
|---|
| Fixed maturity securities available for sale received in connection with pension risk transfer transactions | -1,121 | -4,317 |
|---|
| Noncash Or Part Noncash Acquisition, Investments Acquired During Reinsurance Transaction | -108 | - |
|---|
| Noncash Or Part Noncash, Securities Transferred In Connection With Reinsurance Transaction | 204 | - |
|---|
| Noncash Or Part Noncash, Available For Sale Securities, Transferred In Connection With Reinsurance Transaction | - | 439 |
|---|
| Noncash Or Part Noncash, Fair Value Option, Transferred In Connection With Reinsurance Transaction | - | -93 |
|---|
| Fixed maturity securities, designated available-for-sale, transferred to repay debt of consolidated investment entities | 458 | - |
|---|
| Investment assets transferred in conjunction with fund establishment | 19 | - |
|---|
| Fixed maturity securities, designated available-for-sale, transferred to repay debt of consolidated investment entities | 458 | - |
|---|
| Investment assets received in conjunction with fund establishment | 49 | - |
|---|
| Investment assets transferred in conjunction with fund establishment | 19 | - |
|---|
| Real estate investments transferred in conjunction with fund establishment | 305 | - |
|---|
| Equity securities distributed in lieu of cash to non-consolidated Corebridge affiliate | 94 | - |
|---|
| Investment assets received in conjunction with fund establishment | 49 | - |
|---|
| Other invested Assets Securities Distributed In Lieu Of Cash To Nonconsolidated Affiliate | 694 | - |
|---|
| Equity securities distributed in lieu of cash to non-consolidated Corebridge affiliate | 94 | - |
|---|
| Other invested Assets Securities Distributed In Lieu Of Cash To Nonconsolidated Affiliate | 694 | - |
|---|
| Other invested assets securities, transferred in connection with reinsurance transactions | - | 111 |
|---|
| Interest Credited To Policyholder Accounts Included In Financing Activities | 3,606 | 4,501 |
|---|
| Fee income debited to policyholder contract deposits included in financing activities | 1,694 | 2,122 |
|---|
| Noncash Contribution Expense | - | 16 |
|---|
| Repayments of debt of consolidated investment entities utilizing fixed maturity securities | 474 | - |
|---|
| Noncash Contribution Expense | - | 16 |
|---|
| Distribution in lieu of cash, in equity securities, to non-consolidated Corebridge affiliate | 94 | - |
|---|
| Distribution in lieu of cash, in Other invested assets securities, to non-consolidated Corebridge affiliate | 694 | - |
|---|
| Distribution in lieu of cash, in equity securities, to non-consolidated Corebridge affiliate | 94 | - |
|---|
| Extinguishment of debt in exchange for partnership interest | 172 | - |
|---|
| Distribution in lieu of cash, in Other invested assets securities, to non-consolidated Corebridge affiliate | 694 | - |
|---|
| Redemption of noncontrolling interests in exchange for partnership interest | 104 | - |
|---|
| Extinguishment of debt in exchange for partnership interest | 172 | - |
|---|
| Redemption of noncontrolling interests in exchange for partnership interest | 104 | - |
|---|
| Net income (loss) | 8,469 | 1,036 |
|---|
| Net losses (gains) on sales of securities available-for-sale and other assets | -377 | -304 |
|---|
| Net (gain) loss on divestitures | -1 | 676 |
|---|
| Unrealized (gains) losses in earnings - net | 1,621 | -1,797 |
|---|
| Equity in income from equity method investments, net of dividends or distributions | 97 | -8 |
|---|
| Proceeds (Payments) For Market Risk Benefit | - | -348 |
|---|
| Depreciation and other amortization | 1,021 | 366 |
|---|
| Equity in income from equity method investments, net of dividends or distributions | 97 | -8 |
|---|
| Impairments of assets | 25 | 69 |
|---|
| Depreciation and other amortization | 1,021 | 366 |
|---|
| Impairment Charges | 25 | 69 |
|---|
| Insurance liabilities | 2,064 | 770 |
|---|
| Premiums and other receivables and payables - net | -68 | 265 |
|---|
| Funds held relating to Fortitude Re Reinsurance contracts | 8,497 | 137 |
|---|
| Reinsurance assets and funds held under reinsurance treaties | -409 | -675 |
|---|
| Capitalization of deferred policy acquisition costs | 991 | 1,260 |
|---|
| Current and deferred income taxes - net | 890 | -116 |
|---|
| Other, net | -577 | -1,134 |
|---|
| Total adjustments | -5,774 | 2,321 |
|---|
| Net cash provided by operating activities | 2,695 | 3,357 |
|---|
| Available-for-sale securities | 10,566 | 7,400 |
|---|
| Other securities | 2,181 | 988 |
|---|
| Other invested assets | 1,888 | 1,367 |
|---|
| Divestitures, net | - | 747 |
|---|
| Maturities of fixed maturity securities available-for-sale | 9,621 | 8,859 |
|---|
| Proceeds from Sale and Collection of Mortgage Notes Receivable | 7,814 | 6,164 |
|---|
| Available-for-sale securities | 19,499 | 18,321 |
|---|
| Other securities | 3,694 | 1,379 |
|---|
| Other invested assets | 1,662 | 1,172 |
|---|
| Mortgage and other loans receivable | 14,203 | 9,168 |
|---|
| Acquisition of businesses, net of cash and restricted cash acquired | 107 | 5 |
|---|
| Net change in short-term investments | -883 | 334 |
|---|
| Net change in derivative assets and liabilities | 754 | 884 |
|---|
| Other, net | 287 | -262 |
|---|
| Net cash used in investing activities | -7,253 | -5,476 |
|---|
| Policyholder contract deposits | 26,508 | 33,015 |
|---|
| Policyholder contract withdrawals | 20,722 | 27,957 |
|---|
| Issuance of long term debt | 7,451 | - |
|---|
| Issuance of short-term debt | 1,512 | - |
|---|
| Repayments of short-term debt | 8,312 | 1,250 |
|---|
| Dividends paid on common stock | 876 | 1,722 |
|---|
| Distributions to noncontrolling interests | 477 | 91 |
|---|
| Proceeds from Noncontrolling Interests | 146 | 96 |
|---|
| Net change in securities lending and repurchase agreements | -647 | -544 |
|---|
| Other, net | 299 | 139 |
|---|
| Repurchase of common stock | - | 498 |
|---|
| Other, net | 299 | 139 |
|---|
| Net cash provided by (used in) financing activities | 4,600 | 2,114 |
|---|
| Effect of exchange rate changes on cash and restricted cash | -10 | 3 |
|---|
| Net increase (decrease) in cash and restricted cash | 32 | -2 |
|---|
| Change in cash of businesses held for sale | - | -3 |
|---|
| Change in cash of businesses held for sale | - | -3 |
|---|
| Interest | 472 | 583 |
|---|
| Taxes | 1,101 | 20 |
|---|
| Fixed maturity securities available for sale received in connection with pension risk transfer transactions | -1,121 | -4,317 |
|---|
| Noncash Or Part Noncash Acquisition, Investments Acquired During Reinsurance Transaction | -108 | - |
|---|
| Noncash Or Part Noncash, Securities Transferred In Connection With Reinsurance Transaction | 204 | - |
|---|
| Noncash Or Part Noncash, Available For Sale Securities, Transferred In Connection With Reinsurance Transaction | - | 439 |
|---|
| Noncash Or Part Noncash, Fair Value Option, Transferred In Connection With Reinsurance Transaction | - | -93 |
|---|
| Fixed maturity securities, designated available-for-sale, transferred to repay debt of consolidated investment entities | 458 | - |
|---|
| Investment assets transferred in conjunction with fund establishment | 19 | - |
|---|
| Fixed maturity securities, designated available-for-sale, transferred to repay debt of consolidated investment entities | 458 | - |
|---|
| Investment assets received in conjunction with fund establishment | 49 | - |
|---|
| Investment assets transferred in conjunction with fund establishment | 19 | - |
|---|
| Real estate investments transferred in conjunction with fund establishment | 305 | - |
|---|
| Equity securities distributed in lieu of cash to non-consolidated Corebridge affiliate | 94 | - |
|---|
| Investment assets received in conjunction with fund establishment | 49 | - |
|---|
| Other invested Assets Securities Distributed In Lieu Of Cash To Nonconsolidated Affiliate | 694 | - |
|---|
| Equity securities distributed in lieu of cash to non-consolidated Corebridge affiliate | 94 | - |
|---|
| Other invested Assets Securities Distributed In Lieu Of Cash To Nonconsolidated Affiliate | 694 | - |
|---|
| Other invested assets securities, transferred in connection with reinsurance transactions | - | 111 |
|---|
| Interest Credited To Policyholder Accounts Included In Financing Activities | 3,606 | 4,501 |
|---|
| Fee income debited to policyholder contract deposits included in financing activities | 1,694 | 2,122 |
|---|
| Noncash Contribution Expense | - | 16 |
|---|
| Repayments of debt of consolidated investment entities utilizing fixed maturity securities | 474 | - |
|---|
| Noncash Contribution Expense | - | 16 |
|---|
| Distribution in lieu of cash, in equity securities, to non-consolidated Corebridge affiliate | 94 | - |
|---|
| Distribution in lieu of cash, in Other invested assets securities, to non-consolidated Corebridge affiliate | 694 | - |
|---|
| Distribution in lieu of cash, in equity securities, to non-consolidated Corebridge affiliate | 94 | - |
|---|
| Extinguishment of debt in exchange for partnership interest | 172 | - |
|---|
| Distribution in lieu of cash, in Other invested assets securities, to non-consolidated Corebridge affiliate | 694 | - |
|---|
| Redemption of noncontrolling interests in exchange for partnership interest | 104 | - |
|---|
| Extinguishment of debt in exchange for partnership interest | 172 | - |
|---|
| Redemption of noncontrolling interests in exchange for partnership interest | 104 | - |
|---|