What does individual retirement — reinsured MRB mean?

The amount of market risk benefit exposure that is covered by reinsurance agreements.

How do you interpret individual retirement — reinsured MRB?

Higher levels indicate a more conservative risk management approach regarding market-linked product guarantees.

How does individual retirement — reinsured MRB compare across companies?

Common in the annuity market where insurers hedge guarantee risks through reinsurance.

Corebridge Financial CRBG Individual Retirement — Reinsured MRB

Discontinued — last reported Q4 '20

Similar metrics at other companies

PRUAnnuities — Less: Reinsured MRBs

$870M+18.4%

PRURetirement — Less: Reinsured MRBs

$0—

PRUIndividual Retirement Strategies — Less: Reinsured MRBs

$736M+31.4%

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

-$5.26B+11.8%

PRUTotal — Less: Reinsured MRBs

$870M+18.4%

PRUVariable Annuity — Less: Reinsured MRBs

$804M+22.9%

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:CededMarketRiskBenefitAssets.

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

Questions, answered.

What does individual retirement — reinsured MRB mean?: The amount of market risk benefit exposure that is covered by reinsurance agreements.
How do you interpret individual retirement — reinsured MRB?: Higher levels indicate a more conservative risk management approach regarding market-linked product guarantees.
How does individual retirement — reinsured MRB compare across companies?: Common in the annuity market where insurers hedge guarantee risks through reinsurance.