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Corebridge Financial CRBG Group Retirement — Future Policy Benefits

Other segment segments

Institutional Markets
$21.07B
Corporate & Other
$20.1B-2.6%
Life Insurance
$13.51B+2.6%
Individual Retirement
$1.22B+3.0%

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GNWClosed Block — Future Policy Benefits
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PRURetirement Strategies — Future Policy Benefits, Losses, Claims Expenses
$87.01B+1.3%
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EQHRetirement — Future policy benefits and other policyholders’ liabilities
$5.32B+3.8%
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PRUGroup Insurance — Future Policy Benefits, Losses, Claims Expenses
$5.61B+3.4%
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PRUIndividual Retirement Strategies — Future Policy Benefits, Losses, Claims Expenses
$1.32B+11.9%

Other financials

Income statement

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Revenue$3.9B+43.6%
Net income$2.0M+100%
EPS (diluted)-$0.04+96.7%

Balance sheet

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Cash & equivalents$353.0M+21.7%
Total debt$1.3B+1,138%
Total equity$10.7B-13.4%
Total assets$415.79B+4.2%

Cash flow

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Operating cash flow-$44.0M

Valuation

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Market cap$14.97B-18.8%
Enterprise value$15.87B-13.0%
P/S0.8×-0.4×

Profitability

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Net margin5.4%

Returns & leverage

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Return on equity7.3%
Debt / equity0.1×+0.1×

Where this comes from

Reported directly by Corebridge Financial in its filing.

Tagged under the XBRL concept us-gaap:SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves.

The source filing: Corebridge Financial’s 10-K, filed February 11, 2026.

Filed
Feb 10, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0001889539-26-000022
At December 31, 2025 and 2024 / Segment (in millions)Deferred Policy Acquisition Costs and Value of Business AcquiredFuture Policy BenefitsPolicy and Contract ClaimsSchedule III / Unearned Premiums
2025
Individual Retirement$3,379$1,219$25
Group Retirement1,0533111
Life Insurance4,17113,5138315
Institutional Markets11825,83187
Corporate and Other16420,0971114
Total Corebridge$8,885$60,971$1,055$9
2024

Item 8. Financial Statements and Supplementary Data

FAQ

What is Corebridge Financial's group retirement — future policy benefits?
Corebridge Financial (CRBG) reported group retirement — future policy benefits of $311M in Q4 2025.
How has Corebridge Financial's group retirement — future policy benefits changed year-over-year?
Corebridge Financial's group retirement — future policy benefits increased by 46.0% year-over-year, from $213M to $311M.
What does group retirement — future policy benefits mean?
This represents the total estimated liability for future benefits payable to policyholders under long-duration insurance contracts. It is calculated based on actuarial assumptions regarding mortality, morbidity, interest rates, and policyholder behavior. This is the primary balance sheet liability for retirement and life insurance businesses.

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