Corebridge Financial, Inc. - Understand $crbg stock

$CRBG Market Cap: $18.45 Billion

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Financial Snapshot

Revenue

$15.31B

TTM

Gross Margin

59.9%

TTM

Net Earnings

-$1.250B

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$399.4B

Q3 2024

Total Liabilities

$385.0B

Q3 2024

Book Value

$14.44B

Q3 2024

Cash

$547.0M

Q3 2024

P/E

-14.76

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Revenue	$18.88B	$26.68B	$23.39B	$15.06B	$12.14B	$2.161B	$1.796B	$1.254B	$905.8M	$758.2M	$754.4M	$763.0M	$741.4M	$671.4M	$490.2M	$431.4M
YoY Change	-29.24%	14.06%	55.29%	24.06%	-16.49%	20.31%	43.17%	38.47%	19.47%	0.5%	-1.13%	2.91%	10.43%	36.96%	13.63%	33.19%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Revenue	$18.88B	$26.68B	$23.39B	$15.06B	$12.14B	$2.161B	$1.796B	$1.254B	$905.8M	$758.2M	$754.4M	$763.0M	$741.4M	$671.4M	$490.2M	$431.4M
Cost Of Revenue	$9.362B	$7.332B	$8.050B	$6.602B
Gross Profit	$9.516B	$19.35B	$15.34B	$8.460B
Gross Profit Margin	50.41%	72.52%	65.58%	56.17%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Selling, General & Admin	$2.360B	$2.323B	$2.104B	$2.027B	$3.614B	$310.3M	$265.7M	$210.7M	$165.4M	$132.7M	$157.8M	$133.1M	$120.5M	$112.9M	$59.40M	$66.90M
YoY Change	1.59%	10.41%	3.8%	-43.91%	2.47%	16.79%	26.1%	27.39%	24.64%	-15.91%	18.56%	10.46%	6.73%	90.07%	-11.21%	-5.51%
% of Gross Profit	24.8%	12.01%	13.72%	23.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$366.0M	-$1.420B	-$1.046B	-$532.0M	$294.0M	-$61.70M	-$38.70M	-$28.60M	-$33.80M	-$5.600M	-$22.30M	-$33.40M	-$45.40M	-$32.00M	-$13.10M	$23.40M
YoY Change	-125.77%	35.76%	96.62%	-280.95%	219.57%	59.43%	35.31%	-15.38%	503.57%	-74.89%	-33.23%	-26.43%	41.88%	144.27%	-155.98%	-26.65%
% of Gross Profit	3.85%	-7.34%	-6.82%	-6.29%
Operating Expenses	$2.360B	$2.323B	$2.104B	$2.027B	$11.42B	$634.4M	$501.9M	$369.4M	$286.2M	$223.1M	$230.9M	$237.8M	$206.6M	$175.4M	$121.6M	$175.4M
YoY Change	1.59%	10.41%	3.8%	-82.24%	-20.9%	26.4%	35.87%	29.07%	28.28%	-3.38%	-2.9%	15.1%	17.79%	44.24%	-30.67%	-18.08%
Operating Profit	$7.156B	$17.02B	$13.24B	$6.433B
YoY Change	-57.97%	28.62%	105.75%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Interest Expense	$580.0M	$534.0M	$389.0M	$490.0M	-$555.0M	-$1.278B	-$1.075B	-$741.3M	-$538.6M	-$463.7M	-$490.6M	-$543.6M	-$579.0M	-$538.4M	-$379.7M	-$340.6M
YoY Change	8.61%	37.28%	-20.61%	-188.29%	107.87%	18.89%	44.96%	37.63%	16.15%	-5.48%	-9.75%	-6.11%	7.54%	41.8%	11.48%	33.62%
% of Operating Profit	8.11%	3.14%	2.94%	7.62%
Other Income/Expense, Net						$458.8M	$317.7M	$248.4M	$198.6M	$168.7M	$151.2M	$129.5M	$117.6M	$98.00M	$54.40M	$65.20M
YoY Change						44.41%	27.9%	25.08%	17.72%	11.57%	16.76%	10.12%	20.0%	80.15%	-16.56%	-65.02%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Pretax Income	$940.0M	$10.46B	$10.13B	$851.0M	$139.0M	$707.3M	$537.1M	$392.0M	$279.6M	$240.0M	$184.0M	$111.1M	$73.40M	$55.50M	$43.20M	-$19.40M
YoY Change	-91.01%	3.29%	1090.01%	512.23%	-183.73%	31.69%	37.02%	40.2%	16.5%	30.43%	65.62%	51.36%	32.25%	28.47%	-322.68%	-146.97%
Income Tax	-$96.00M	$1.991B	$1.843B	-$15.00M	-$168.0M	$191.0M	$158.0M	$117.6M	$85.40M	$74.70M	$57.00M	$34.30M	$25.90M	$22.10M	$17.10M	$1.000M
% Of Pretax Income	-10.21%	19.03%	18.2%	-1.76%	-120.86%	27.0%	29.42%	30.0%	30.54%	31.13%	30.98%	30.87%	35.29%	39.82%	39.58%
Net Earnings	$1.104B	$8.149B	$7.355B	$642.0M	$50.00M	$516.3M	$379.1M	$274.4M	$194.2M	$131.8M	$127.0M	$76.80M	$47.50M	$33.40M	$26.10M	-$20.40M
YoY Change	-86.45%	10.8%	1045.64%	1184.0%	-162.5%	36.19%	38.16%	41.3%	47.34%	3.78%	65.36%	61.68%	42.22%	27.97%	-227.94%	-194.88%
Net Earnings / Revenue	5.85%	30.54%	31.45%	4.26%	0.41%	23.9%	21.11%	21.88%	21.44%	17.38%	16.83%	10.07%	6.41%	4.97%	5.32%	-4.73%
Basic Earnings Per Share	$1.72	$12.61
Diluted Earnings Per Share	$1.71	$12.59	$11.40	$1.00	$0.08	$2.343M	$1.843M	$1.376M	$1.026M	$704.1K	$701.3K	$445.2K	$331.7K	$225.5K	$178.9K	-$145.7K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988
Cash & Short-Term Investments						$1.796B	$993.0M	$529.0M	$855.0M	$569.0M	$1.798B	$1.511B	$232.0M	$174.0M	$307.0M	$174.0M
YoY Change						80.87%	87.71%	-38.13%	50.26%	-68.35%	18.99%	551.29%	33.33%	-43.32%	76.44%
Cash & Equivalents						$1.796B	$993.0M	$529.0M	$855.0M	$569.0M	$1.798B	$1.511B	$232.0M	$174.0M	$307.0M	$174.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets						$1.796B	$993.0M	$529.0M	$855.0M	$569.0M	$1.798B	$1.511B	$232.0M	$174.0M	$307.0M	$174.0M
YoY Change						80.87%	87.71%	-38.13%	50.26%	-68.35%	18.99%	551.29%	33.33%	-43.32%	76.44%
Property, Plant & Equipment	$20.00M	$43.00M	$51.00M	$63.00M
YoY Change	-53.49%	-15.69%	-19.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$233.5B	$220.1B	$256.3B	$260.3B	$238.9B	$24.27B	$23.42B	$15.67B	$9.954B	$8.711B	$8.567B	$7.312B	$5.765B	$5.455B	$5.580B	$5.516B
YoY Change	6.1%	-14.12%	-1.52%	8.95%		3.65%	49.43%	57.42%	14.27%	1.68%	17.16%	26.83%	5.68%	-2.24%	1.16%
Other Assets	$10.83B	$9.162B	$4.837B	$3.640B	$3.499B
YoY Change	18.17%	89.41%	32.88%	4.03%
Total Long-Term Assets						$37.40B	$34.64B	$23.20B	$15.99B	$14.09B	$13.47B	$11.89B	$10.77B	$9.905B	$6.713B	$6.436B
YoY Change						7.97%	49.34%	45.09%	13.5%	4.59%	13.31%	10.38%	8.72%	47.55%	4.3%
Total Assets	$379.3B	$364.2B	$416.2B	$410.2B	$382.5B	$39.20B	$35.64B	$23.73B	$16.84B	$14.66B	$15.27B	$13.40B	$11.00B	$10.08B	$7.020B	$6.610B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$26.00M	$36.00M	$66.00M	$81.00M
YoY Change	-27.78%	-45.45%	-18.52%
Deferred Revenue
YoY Change
Short-Term Debt	$250.0M	$1.500B	$8.317B	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-83.33%	-81.96%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$250.0M	$1.536B	$8.383B	$81.00M
YoY Change	-83.72%	-81.68%	10249.38%
Long-Term Debt	$11.62B	$13.83B	$7.363B	$11.25B	$11.08B	$1.216B	$1.136B	$573.0M	$577.0M	$501.0M	$508.0M	$434.0M	$455.0M	$532.0M	$459.0M	$742.0M
YoY Change	-15.94%	87.78%	-34.53%	1.52%		7.04%	98.25%	-0.69%	15.17%	-1.38%	17.05%	-4.62%	-14.47%	15.9%	-38.14%
Other Long-Term Liabilities	$15.78B	$8.739B	$9.837B	$9.873B	$9.455B	$34.60B	$31.53B	$21.37B	$14.91B	$13.12B	$13.55B	$12.20B	$10.05B	$9.119B	$6.099B	$5.566B
YoY Change	80.58%	-11.16%	-0.36%	4.42%		9.72%	47.57%	43.34%	13.63%	-3.2%	11.12%	21.39%	10.19%	49.52%	9.58%
Total Long-Term Liabilities	$27.40B	$22.57B	$17.20B	$21.12B	$20.53B	$35.81B	$32.67B	$21.94B	$15.48B	$13.62B	$14.06B	$12.63B	$10.50B	$9.651B	$6.558B	$6.308B
YoY Change	21.44%	31.19%	-18.56%	2.85%		9.62%	48.89%	41.7%	13.69%	-3.14%	11.32%	20.26%	8.83%	47.16%	3.96%
Total Liabilities	$367.5B	$356.0B	$389.1B	$372.9B	$350.7B	$36.21B	$33.05B	$22.07B	$15.63B	$13.70B	$14.16B	$12.67B	$10.62B	$9.759B	$6.656B	$6.440B
YoY Change	3.23%	-8.51%	4.34%	6.35%		9.55%	49.79%	41.17%	14.14%	-3.26%	11.75%	19.33%	8.78%	46.62%	3.35%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022
Basic Shares Outstanding	643.3M shares	646.1M shares
Diluted Shares Outstanding	645.2M shares	647.4M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $18.454 Billion

About Corebridge Financial, Inc.

Corebridge Financial, Inc. engages in the provision of retirement solutions and insurance products. The company is headquartered in Houston, Texas and currently employs 5,700 full-time employees. The company went IPO on 2022-09-15. The firm partners with financial professionals and institutions to help individuals plan, save for and achieve secure financial futures. The Company’s Individual Retirement segment consists of fixed annuities, fixed index annuities, variable annuities, and retail mutual funds. Its Group Retirement segment consists of record-keeping, plan administrative and compliance services, financial planning and advisory solutions offered in-plan, along with proprietary and limited non-proprietary annuities, advisory and brokerage products offered out-of-plan. Its Life Insurance segment includes products in the United States, including term life and universal life insurance. Its Institutional Markets segment consists of stable value wrap (SVW) products, structured settlement, and pension risk transfer (PRT) annuities, corporate markets products and guaranteed investment contracts (GICs).

Industry: Life Insurance Peers: ALERUS FINANCIAL CORP Apollo Global Management, Inc. Equitable Holdings, Inc. Voya Financial, Inc. Jackson Financial Inc. SOURCE CAPITAL INC /DE/