Corebridge Financial, Inc. ( (CRBG) ) has released its Q1 earnings. Here is a breakdown of the information Corebridge Financial, Inc. presented to its investors.
Corebridge Financial, Inc. is a prominent provider of retirement solutions and insurance products in the United States, managing over $400 billion in assets. The company partners with financial professionals and institutions to help individuals achieve secure financial futures.
In the first quarter of 2025, Corebridge Financial reported a net loss of $664 million, or $1.19 per share, but achieved an adjusted after-tax operating income of $649 million, equating to an operating EPS of $1.16. The company also returned $454 million to shareholders, reflecting an 18% increase year over year.
Key financial metrics for the quarter included $9.3 billion in premiums and deposits, a 12% decrease from the previous year, and a 1% increase in core sources of income. The company’s holding company liquidity stood at $2.4 billion, and it maintained a financial leverage ratio of 31.9%, excluding pre-funding impacts.
Despite the net loss, Corebridge Financial’s operating earnings per share increased by 5% year over year, driven by a diversified business model and strong balance sheet. The company remains focused on creating value for shareholders and clients amidst uncertain market conditions.
Looking ahead, Corebridge Financial’s management emphasizes its strategic priorities and financial flexibility, positioning the company to navigate current economic challenges and continue delivering on its commitments to stakeholders.