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Corebridge Financial CRBG Life Insurance — (Gain) loss on extinguishment of debt

Discontinued — last reported Q4 '21

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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:GainsLossesOnExtinguishmentOfDebt.

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

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Questions, answered.

What is Corebridge Financial's life insurance — (gain) loss on extinguishment of debt?
Corebridge Financial (CRBG) reported life insurance — (gain) loss on extinguishment of debt of $0 in Q4 2021.
What does life insurance — (gain) loss on extinguishment of debt mean?
Profit or loss recognized when debt is paid off before its scheduled maturity date.
How do you interpret life insurance — (gain) loss on extinguishment of debt?
A gain indicates favorable refinancing conditions or debt buybacks, while a loss reflects the cost of exiting debt early.
How does life insurance — (gain) loss on extinguishment of debt compare across companies?
Standard financial metric for companies with significant debt structures.