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Jun 30, 2024

Corebridge Q2 2024 Earnings Report

Corebridge's Q2 2024 performance was marked by growth in earnings, cash generation, and shareholder returns.

Key Takeaways

Corebridge Financial reported a net income of $365 million, or $0.59 per share, and an adjusted after-tax operating income of $692 million, or $1.13 per share. Premiums and deposits reached $11.7 billion, the highest in over a decade. The company returned $575 million to shareholders through dividends and share repurchases.

Net income was $365 million, or $0.59 per share.

Adjusted after-tax operating income was $692 million, with operating EPS of $1.13.

Premiums and deposits totaled $11.7 billion, marking a decade high.

Returned $575 million to shareholders, including $436 million in share repurchases.

Total Revenue
$15.2B
Previous year: $5.85B
+159.7%
EPS
$1.13
Previous year: $1.04
+8.7%
Adjusted Return on Average Equity
12%
Previous year: 11.7%
+2.6%
Dividends per share
$139M
Previous year: $200M
-30.5%
Gross Profit
-$7.86B
Previous year: $5.76B
-236.5%
Cash and Equivalents
$1.9B
Previous year: $788M
+141.1%
Total Assets
$382B
Previous year: $367B
+4.1%

Corebridge

Corebridge

Corebridge Revenue by Segment

Forward Guidance

Corebridge will host a conference call on August 1, 2024, at 10:00 a.m. EDT to review these results. The call is open to the public and can be accessed via a live listen-only webcast in the Investors section of corebridgefinancial.com. A replay will be available after the call at the same location.

Revenue & Expenses

Visualization of income flow from segment revenue to net income