How do you interpret life insurance — reclassified to liabilities held-for-sale?

High values indicate significant restructuring or portfolio pruning within the segment.

How does life insurance — reclassified to liabilities held-for-sale compare across companies?

Standard accounting treatment for discontinued operations or assets/liabilities held for sale.

Corebridge Financial CRBG Life Insurance — Reclassified to Liabilities held-for-sale

Discontinued — last reported Q4 '23

Similar metrics at other companies

PRUVariable Life, Variable Universal Life and Universal Life Contracts — Reclassified to Liabilities held-for-sale (2)

$0—

GLLife — Business Segment Selected Liabilities

$11.06B+4.8%

PRUFull Service Retirement Business Coinsurance — Reclassified to "Liabilities held-for-sale"

-$27.63B—

PRURetirement Strategies — Reclassified to "Assets and Liabilities held-for- sale"

-$4.44B—

UHAL.BLife Insurance — Available For Sale Securities Debt Securities

——

UHAL.BLife Insurance — Liabilities

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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

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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

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:LiabilityForFuturePolicyBenefitReclassifiedToLiabilitiesHeldForSaleExpectedFuturePolicyBenefit.

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 — reclassified to liabilities held-for-sale?: Corebridge Financial (CRBG) reported life insurance — reclassified to liabilities held-for-sale of -$5.12B in Q4 2023.
What does life insurance — reclassified to liabilities held-for-sale mean?: The total value of liabilities in the life insurance segment currently marked for divestiture.
How do you interpret life insurance — reclassified to liabilities held-for-sale?: High values indicate significant restructuring or portfolio pruning within the segment.
How does life insurance — reclassified to liabilities held-for-sale compare across companies?: Standard accounting treatment for discontinued operations or assets/liabilities held for sale.