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Corebridge Financial CRBG Long-Duration Insurance Contracts — Deferred profit liability

Discontinued — last reported Q4 '20

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HIGDeferred Profit Liability — Liability for Future Policy Benefit, before Reinsurance
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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 crbg:LiabilityForFuturePolicyBenefitBeforeReinsuranceDeferredProfitLiability.

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

Questions, answered.

What does long-duration insurance contracts — deferred profit liability mean?
The portion of profit from long-term insurance policies that is deferred and recognized gradually over the life of the contract.
How do you interpret long-duration insurance contracts — deferred profit liability?
An increase suggests higher future profit recognition potential, while a decrease may indicate accelerated amortization or changes in underlying contract valuations.
How does long-duration insurance contracts — deferred profit liability compare across companies?
Comparable to Deferred Acquisition Costs (DAC) or Unearned Revenue adjustments found in other life insurance and annuity providers under LDTI accounting standards.