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Mar 31
Corebridge Q1 2025 Earnings Report
Corebridge reported a net loss but delivered strong adjusted earnings and shareholder returns.
Key Takeaways
Corebridge Financial posted a net loss of $664 million for Q1 2025 due to realized losses and market risk impacts, but maintained strong operating performance with adjusted EPS of $1.16 and returned $454 million to shareholders.
Reported adjusted after-tax operating income of $649 million, with EPS of $1.16.
Returned $454 million to shareholders through buybacks and dividends.
Net loss of $664 million due to Fortitude Re derivative and market risk benefit impacts.
Premiums and deposits reached $9.323 billion in the quarter.
Corebridge
Corebridge
Corebridge Revenue by Segment
Revenue by Segment
Individual Retirement Revenue
CapyFin.comGroup Retirement Revenue
CapyFin.comLife Insurance Revenue
CapyFin.comInstitutional Markets Revenue
CapyFin.com Forward Guidance
Corebridge remains confident in its strategic priorities and expects to deliver shareholder value despite short-term market volatility.
Positive Outlook
- Strong balance sheet and liquidity position of $2.4 billion.
- Capital returned to shareholders increased 18% YoY.
- Improved investment income compared to prior year.
- Fee income and underwriting margins contributed to stable core income.
- Focus on disciplined execution and diversified business model.
Challenges Ahead
- Net loss driven by realized losses and market risk benefits.
- Lower premiums and deposits due to reduced annuity and PRT volumes.
- APTOI declined 3% YoY and 10% when excluding certain items.
- Decreased spread income in several segments due to interest rate impact.
- Ongoing uncertainty in interest rates and macroeconomic environment.