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Corebridge Financial CRBG Deferred Sale Inducement Cost

Discontinued — last reported Q4 '20

Deferred Sale Inducement Cost at other companies

F&G Annuities & Life logo
F&G Annuities & LifeFG
$1.01B+34.7%
Fidelity National Financial logo
Fidelity National FinancialFNF
——

Segments

By segment

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Individual Retirement$166M-16.6%
Group Retirement$133M-8.9%

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 us-gaap:DeferredSalesInducementsNet.

The source filing: Corebridge Financial’s 10-K, filed February 15, 2024.

Filed
Feb 15, 2024
Fiscal year
FY2023
Accession
0001889539-24-000006
(in millions)Individual RetirementGroup RetirementTotal
Pre-adoption December 31, 2020 deferred sales inducement assets balance$194$91$285
Adjustments for the removal of related balances in Accumulated other comprehensive income originating from unrealized gains (losses)282114396
Post-adoption January 1, 2021 deferred sales inducement asset balance$476$205$681

Item 8. Financial Statements and Supplementary Data

FAQ

What does deferred sale inducement cost mean?
Deferred Sale Inducement Cost