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Corebridge Financial CRBG Life And Universal Segment — Reserves ceded

Discontinued — last reported Q4 '22

Similar metrics at other companies

Prudential Financial logo
PRUVariable/ Universal Life — Less: Reinsurance recoverable
$4.39B—
Ameriprise Financial logo
AMPUniversal Life Insurance — Percentage of risk reinsured
12.5%0.0pp
Prudential Financial logo
PRUOther businesses — Less: Reinsurance recoverables
$211M+44.5%
Cincinnati Financial logo
CINFUniversal life — Less reinsurance recoverable, end of period
$5M-37.5%
Prudential Financial logo
PRUUniversal and variable universal life products — Benefit from a reduction to cost of reinsurance liabilities
$230M—
Cincinnati Financial logo
CINFUniversal Life — Life policy and investment contract reserves
$589M+0.5%

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:LiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReservesCeded.

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 life and universal segment — reserves ceded?
Corebridge Financial (CRBG) reported life and universal segment — reserves ceded of $5B in Q4 2022.
What does life and universal segment — reserves ceded mean?
The amount of insurance risk and associated reserves transferred to third-party reinsurers by the Life and Universal segment.
How do you interpret life and universal segment — reserves ceded?
An increase indicates a higher reliance on reinsurance to mitigate risk or manage capital requirements, while a decrease suggests the company is retaining more underwriting risk on its own balance sheet.
How does life and universal segment — reserves ceded compare across companies?
Commonly reported by life insurance companies as 'reinsurance ceded' or 'reserves ceded to reinsurers' within segment disclosures.