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Corebridge Financial CRBG Institutional Markets — Other Operating Expenses

Other segment segments

Corporate & Other
$745M-28.4%
Group Retirement
$736M+6.2%
Individual Retirement
$636M+26.7%
Life Insurance
$588M+6.5%

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$4.14M+42.2%
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$17.28M+1.9%
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ACGLReinsurance — Other Operating Expenses
$117.25M+73.7%

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:SupplementaryInsuranceInformationOtherOperatingExpense.

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
Segment (in millions)Premiums and Policy FeesNet Investment IncomeOther Income(a)Benefits(b)Amortization of Deferred Policy Acquisition Costs and Value of Business AcquiredOther Operating Expenses
Individual Retirement$410$5,878$3,513$475$636
Group Retirement4511,8173611,22191736
Life Insurance2,9091,31122,946335588
Institutional Markets4,4662,52736,33017125
Corporate and Other3611,59135296132745
Total Corebridge$8,597$13,124$718$14,106$1,050$2,830
2024
Individual Retirement$373$5,312$2$2,861$405$502

Item 8. Financial Statements and Supplementary Data

FAQ

What is Corebridge Financial's institutional markets — other operating expenses?
Corebridge Financial (CRBG) reported institutional markets — other operating expenses of $31.25M in Q4 2025.
How has Corebridge Financial's institutional markets — other operating expenses changed year-over-year?
Corebridge Financial's institutional markets — other operating expenses increased by 22.5% year-over-year, from $25.5M to $31.25M.
What is the long-term trend for Corebridge Financial's institutional markets — other operating expenses?
Over 4 years (2021 to 2025), Corebridge Financial's institutional markets — other operating expenses has grown at a 5.0% compound annual growth rate (CAGR), from $103M to $125M.
What does institutional markets — other operating expenses mean?
Captures the administrative, overhead, and general operating costs associated with running the Institutional Markets segment, excluding direct policy acquisition costs. It provides insight into the operational efficiency and cost management discipline of the business unit.

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