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Corebridge Financial CRBG Deferred profit liability
Deferred profit liability at other companies
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Where this comes from
Reported directly by Corebridge Financial in its filing.
Tagged under the XBRL concept crbg:LiabilityForFuturePolicyBenefitAdjustmentsDeferredProfitLiability.
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
| (in millions, except for liability durations) / Six Months Ended June 30, 2026 | Individual Retirement | Group Retirement | Life Insurance | Institutional Markets | Corporate and Other | Total |
|---|---|---|---|---|---|---|
| Net liability for future policy benefits, end of period | 1,150 | 280 | 8,707 | 23,424 | 17,472 | 51,033 |
| Liability for future policy benefits for certain participating contracts | — | — | 11 | — | 1,203 | 1,214 |
| Liability for universal life policies(b) | — | — | 4,287 | — | 53 | 4,340 |
| Deferred profit liability | 31 | 19 | 27 | 1,631 | 757 | 2,465 |
| Other reconciling items(c) | 13 | — | 369 | — | 107 | 489 |
| Future policy benefits for life and accident and health insurance contracts | 1,194 | 299 | 13,401 | 25,055 | 19,592 | 59,541 |
| Less: Reinsurance recoverable: | (5) | — | (649) | (65) | (19,592) | (20,311) |
| Net liability for future policy benefits after reinsurance recoverable | $1,189 | $299 | $12,752 | $24,990 | $— | $39,230 |
Item 1. | Financial Statements
FAQ
- What is Corebridge Financial's deferred profit liability?
- Corebridge Financial (CRBG) reported deferred profit liability of $2.47B in Q2 2026.
- How has Corebridge Financial's deferred profit liability changed year-over-year?
- Corebridge Financial's deferred profit liability decreased by 2.7% year-over-year, from $2.53B to $2.47B.
- What is the long-term trend for Corebridge Financial's deferred profit liability?
- Over 4 years (2021 to 2025), Corebridge Financial's deferred profit liability has grown at a 3.1% compound annual growth rate (CAGR), from $2.24B to $2.53B.
- What does deferred profit liability mean?
- This represents the unamortized portion of profits deferred on insurance contracts, often related to the initial recognition of long-duration contracts. It serves as a contra-liability or adjustment to ensure that profits are recognized over the life of the policy rather than at inception. It is a key indicator of the timing of earnings recognition for complex insurance products.
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