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Corebridge Financial CRBG Universal Life — Excess benefits paid

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Other financials

Income statement

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Revenue$3.9B+43.6%
Net income$2.0M+100%
EPS (diluted)-$0.04+96.7%

Balance sheet

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Cash & equivalents$353.0M+21.7%
Total debt$1.3B+1,138%
Total equity$10.7B-13.4%
Total assets$415.79B+4.2%

Cash flow

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Operating cash flow-$44.0M

Valuation

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Market cap$14.97B-18.8%
Enterprise value$15.87B-13.0%
P/S0.8×-0.4×

Profitability

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Net margin5.4%

Returns & leverage

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Return on equity7.3%
Debt / equity0.1×+0.1×

Where this comes from

Reported directly by Corebridge Financial in its filing.

Tagged under the XBRL concept crbg:LiabilityForFuturePolicyBenefitExpectedNetPremiumExcessBenefitsPaid.

The source filing: Corebridge Financial’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 1:20 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001889539-26-000141
Line itemSix Months Ended June 30, 2026 / Life InsuranceSix Months Ended June 30, 2026 / Corporate and OtherSix Months Ended June 30, 2026 / TotalSix Months Ended June 30, 2025 / Life InsuranceSix Months Ended June 30, 2025 / Corporate and OtherSix Months Ended June 30, 2025 / Total
Effect of changes in experience183(2)181217(2)215
Adjusted beginning balance$4,424$52$4,476$4,251$52$4,303
Assessments318318327327
Excess benefits paid(509)(509)(581)(581)
Interest accrual8418579180
Other(4)(4)(1)(1)
Changes related to unrealized appreciation (depreciation) of investments(26)(26)3333
Balance, end of period$4,287$53$4,340$4,108$53$4,161

Item 1. | Financial Statements

FAQ

What is Corebridge Financial's universal life — excess benefits paid?
Corebridge Financial (CRBG) reported universal life — excess benefits paid of -$212M in Q2 2026.
How has Corebridge Financial's universal life — excess benefits paid changed year-over-year?
Corebridge Financial's universal life — excess benefits paid increased by 16.2% year-over-year, from -$253M to -$212M.
What is the long-term trend for Corebridge Financial's universal life — excess benefits paid?
Over 4 years (2021 to 2025), Corebridge Financial's universal life — excess benefits paid has grown at a 7.0% compound annual growth rate (CAGR), from -$859M to -$1.12B.
What does universal life — excess benefits paid mean?
This represents the cash outflows for benefits paid to policyholders that exceed the expected net premiums or standard reserve allocations. It highlights the impact of claims that deviate from the baseline actuarial expectations.

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