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Corebridge Financial CRBG Liability for universal life policies
Liability for universal life policies 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:LiabilityForFuturePolicyBenefitAdjustmentsSecondaryGuarantees.
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 |
|---|---|---|---|---|---|---|
| Balance, end of period | $1,150 | $280 | $16,962 | $23,424 | $18,247 | $60,063 |
| 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) |
Item 1. | Financial Statements
FAQ
- What is Corebridge Financial's liability for universal life policies?
- Corebridge Financial (CRBG) reported liability for universal life policies of $4.34B in Q2 2026.
- How has Corebridge Financial's liability for universal life policies changed year-over-year?
- Corebridge Financial's liability for universal life policies increased by 4.3% year-over-year, from $4.16B to $4.34B.
- What is the long-term trend for Corebridge Financial's liability for universal life policies?
- Over 4 years (2021 to 2025), Corebridge Financial's liability for universal life policies has grown at a -3.8% compound annual growth rate (CAGR), from $5.01B to $4.3B.
- What does liability for universal life policies mean?
- This liability represents the accumulated account values and expected future benefits for universal life insurance policies. It accounts for the flexible nature of these products, where premiums and death benefits can be adjusted by the policyholder. Monitoring this balance helps investors understand the scale of the company's long-term universal life insurance exposure.
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