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Corebridge Financial CRBG Change in estimates of liability for future policy benefits

Discontinued — last reported Q4 '24

Change in estimates of liability for future policy benefits at other companies

Berkshire Hathaway logo
Berkshire HathawayBRK.A
-$153M-104%
The Hartford Financial Services Group logo
The Hartford Financial Services GroupHIG
-$2M
Reinsurance Group of America logo
Reinsurance Group of AmericaRGA
$0
The Hartford Financial Services Group logo
The Hartford Financial Services GroupHIG
-$3.5M
Berkshire Hathaway logo
Berkshire HathawayBRK.A
-$87M-31.8%
The Hartford Financial Services Group logo
The Hartford Financial Services GroupHIG
-$4.25M

Other financials

Income statement

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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

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Operating cash flow-$9.0M-102%

Valuation

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Market cap$13.33B-37.9%
P/S0.7×-0.6×

Profitability

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Net margin5.4%

Returns & leverage

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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:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitDerecognition.

The official record: Corebridge Financial’s 10-K, filed February 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Corebridge Financial's change in estimates of liability for future policy benefits?
Corebridge Financial (CRBG) reported change in estimates of liability for future policy benefits of $1.7B in Q4 2024.
What does change in estimates of liability for future policy benefits mean?
Changes in the estimated cost of future insurance benefits due to updated actuarial assumptions.
How do you interpret change in estimates of liability for future policy benefits?
Positive adjustments (increases in liability) suggest that historical assumptions were too optimistic, potentially hurting profitability.
How does change in estimates of liability for future policy benefits compare across companies?
Common in life insurance and annuity companies under long-duration targeted improvements (LDTI) accounting.