What is Corebridge Financial's universal life — benefits paid?

Corebridge Financial (CRBG) reported universal life — benefits paid of $138M in Q4 2022.

What does universal life — benefits paid mean?

The total cash paid out to customers for insurance claims and benefits during the year.

How do you interpret universal life — benefits paid?

Significant fluctuations in benefits paid can impact liquidity and cash flow, though they are expected to align with the maturity of the policy block.

How does universal life — benefits paid compare across companies?

Standard cash flow metric for all insurance companies.

Corebridge Financial CRBG Universal Life — Benefits paid

Discontinued — last reported Q4 '22

Similar metrics at other companies

AMPUniversal Life Insurance — Additional Liability, Long-Duration Insurance, Benefit Payment

$21M-8.7%

CINFUniversal life — Policyholder Account Balance, Benefit Payment

$1M0.0%

PRUIndividual Life — Benefits paid

-11,100,000,000%+2,055,555,556pp

PFGUniversal Life — Additional Liability Long Duration Insurance Benefit Payment

6,150,000,000%+2,830,000,000pp

HIGUniversal Life — Policyholder Account Balance, Benefit Payment

$1M-50.0%

AMPVariable Universal Life Insurance — Additional Liability, Long-Duration Insurance, Benefit Payment

$3M-62.5%

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

See full

Operating cash flow-$9.0M-102%

Valuation

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Market cap$13.33B-37.9%

P/S0.7×-0.6×

Profitability

See full

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 us-gaap:LiabilitiesForGuaranteesOnLongDurationContractsPaymentForBenefits.

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 universal life — benefits paid?: Corebridge Financial (CRBG) reported universal life — benefits paid of $138M in Q4 2022.
What does universal life — benefits paid mean?: The total cash paid out to customers for insurance claims and benefits during the year.
How do you interpret universal life — benefits paid?: Significant fluctuations in benefits paid can impact liquidity and cash flow, though they are expected to align with the maturity of the policy block.
How does universal life — benefits paid compare across companies?: Standard cash flow metric for all insurance companies.