What does individual retirement — MRB in an asset position mean?

The value of market risk benefits when they act as an asset rather than a liability.

How do you interpret individual retirement — MRB in an asset position?

An asset position indicates favorable market conditions or effective hedging of the underlying market risks.

How does individual retirement — MRB in an asset position compare across companies?

Specific to insurance companies offering variable annuities or products with market-linked guarantees.

Corebridge Financial CRBG Individual Retirement — MRB in an asset position

Discontinued — last reported Q4 '20

Similar metrics at other companies

PRURetirement — Less: Reinsured MRBs

$0—

PRUAnnuities — Less: Reinsured MRBs

$870M+18.4%

EQHPurchased MRB — Changes in the instrument-specific credit risk

-$9M+43.8%

EQHPurchased MRB — Net amount at risk

$6.9B-8.5%

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

-$5.27B+11.9%

EQHPurchased MRB — Market Risk Benefit, Increase (Decrease) from Future Expected Policyholder Behavior Assumption

$55M-97.0%

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:MarketRiskBenefitAssetsGross.

The official record: Corebridge Financial’s 10-K, filed February 15, 2024, on SEC EDGAR. View the filing →

Questions, answered.

What does individual retirement — MRB in an asset position mean?: The value of market risk benefits when they act as an asset rather than a liability.
How do you interpret individual retirement — MRB in an asset position?: An asset position indicates favorable market conditions or effective hedging of the underlying market risks.
How does individual retirement — MRB in an asset position compare across companies?: Specific to insurance companies offering variable annuities or products with market-linked guarantees.