What does group retirement — total GMWB and GMDB reserve mean?

The total reserve amount held specifically for guaranteed withdrawal and death benefits.

How do you interpret group retirement — total GMWB and GMDB reserve?

Higher reserves indicate increased potential liability exposure to market volatility, requiring more capital to be set aside.

How does group retirement — total GMWB and GMDB reserve compare across companies?

Commonly reported as 'Guaranteed Benefit Reserves' or 'Living Benefit Reserves' by annuity providers.

Corebridge Financial CRBG Group Retirement — Total GMWB and GMDB reserve

Discontinued — last reported Q4 '22

Similar metrics at other companies

CIVariable Annuity — Guaranteed Minimum Death Benefits Total Contractholders

110K-15.4%

PFGGuaranteed Pension — Market Risk Benefit Liability Amount

$20.3M-15.4%

PRURetirement — Net amount at risk

$667M—

EQHGroup Retirement — Total Assets

$51.79B+17.4%

EQHGMxB Core — Market Risk Benefit, before Reinsurance and Cumulative Increase (Decrease) from Instrument-Specific Credit Risk Change

$806M+12.4%

PRURetirement — Market risk benefit liabilities

$401M+137%

Other financials

Income statement

See full

Revenue$4.0B+11.0%

Net income-$53.0M+92.0%

EPS (diluted)-$0.11+90.8%

Balance sheet

See full

Cash & equivalents$373.0M-5.1%

Total debt$11.2B-17.2%

Total equity$10.8B-9.8%

Total assets$407.06B+4.4%

Cash flow

See full

Operating cash flow-$9.0M-102%

Valuation

See full

Market cap$13.33B-37.9%

P/S0.7×-0.6×

Profitability

See full

Net margin5.4%—

Returns & leverage

See full

Return on equity7.3%—

Debt / equity0.9×-0.3×

Where this comes from

Reported directly by Corebridge Financial in its filing.

Tagged under the XBRL concept crbg:NetAmountAtRiskByProductAndGuaranteeReserves.

The official record: Corebridge Financial’s 10-K, filed February 24, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Corebridge Financial's group retirement — total GMWB and GMDB reserve?: Corebridge Financial (CRBG) reported group retirement — total GMWB and GMDB reserve of $101M in Q4 2022.
What does group retirement — total GMWB and GMDB reserve mean?: The total reserve amount held specifically for guaranteed withdrawal and death benefits.
How do you interpret group retirement — total GMWB and GMDB reserve?: Higher reserves indicate increased potential liability exposure to market volatility, requiring more capital to be set aside.
How does group retirement — total GMWB and GMDB reserve compare across companies?: Commonly reported as 'Guaranteed Benefit Reserves' or 'Living Benefit Reserves' by annuity providers.