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Corebridge Financial CRBG Long-Duration Insurance — Policyholder benefits

Discontinued — last reported Q4 '22

Similar metrics at other companies

Assurant logo
AIZLong Duration — Direct policyholder benefits
$9.3M+10.4%
Prudential Financial logo
PRUIndividual Life — Policyholders’ benefits
$453M-11.7%
Reinsurance Group of America logo
RGALife Insurance Product Line — SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information, Benefit, Claim, Loss and Settlement Expenses
$3.45B+10.4%
Reinsurance Group of America logo
RGALife Insurance Product Line — Claims and other policy benefits
$3.36B+4.3%
Cigna logo
CILong-duration — Premiums
$250M-50.0%
Assurant logo
AIZLong Duration — Policyholder benefits
$875K0.0%

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:PolicyholderBenefitsAndClaimsIncurredNet.

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 long-duration insurance — policyholder benefits?
Corebridge Financial (CRBG) reported long-duration insurance — policyholder benefits of $1.83B in Q4 2022.
How has Corebridge Financial's long-duration insurance — policyholder benefits changed year-over-year?
Corebridge Financial's long-duration insurance — policyholder benefits decreased by 8.9% year-over-year, from $2.01B to $1.83B.
What does long-duration insurance — policyholder benefits mean?
Total costs paid out for insurance claims and policy benefits.
How do you interpret long-duration insurance — policyholder benefits?
Lower relative benefits compared to premiums suggest better underwriting profitability and risk selection.
How does long-duration insurance — policyholder benefits compare across companies?
Standard expense metric for all life and annuity insurers.