Corebridge Financial CRBG Long-Duration Insurance Contracts — Deferred profit liability
Discontinued — last reported Q4 '20
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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.