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Corebridge Financial CRBG Individual Retirement — Reinsurance recoverable balance

Discontinued — last reported Q4 '20

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WRBReinsurance Recoverable — Supplementary Insurance Information Liability For Future Policy Benefits Losses Claims And Loss Expense Reserves
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RGALife Insurance Product Line — Policyholder Account Balance Reinsurance Recoverable
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Other financials

Income statement

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Revenue$4.0B+11.0%
Net income-$53.0M+92.0%
EPS (diluted)-$0.11+90.8%

Balance sheet

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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

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Operating cash flow-$9.0M-102%

Valuation

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Market cap$13.33B-37.9%
P/S0.7×-0.6×

Profitability

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Net margin5.4%

Returns & leverage

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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 us-gaap:ReinsuranceRecoverablesAllowance.

The official record: Corebridge Financial’s 10-Q, filed November 3, 2023, on SEC EDGAR. View the filing →

Questions, answered.

What does individual retirement — reinsurance recoverable balance mean?
The amount of money the company is owed by its reinsurance partners for claims covered under reinsurance contracts.
How do you interpret individual retirement — reinsurance recoverable balance?
An increase suggests higher reliance on reinsurance for risk management, while a decrease may indicate lower risk transfer or collection of balances.
How does individual retirement — reinsurance recoverable balance compare across companies?
Standard in insurance industry reporting under 'Reinsurance Recoverables'.