Corebridge Q3 2023 Earnings Report
Key Takeaways
Corebridge Financial reported net income of $2.1 billion, or $3.28 per share, and adjusted after-tax operating income of $675 million, or $1.05 per share. The company increased premiums and deposits by 28% over the first nine months of 2023 compared to the first nine months of 2022, and grew base spread income 34% over this same time. Since its IPO, Corebridge has returned $1.4 billion of capital to shareholders.
Net income was $2.1 billion, or $3.28 per share.
Adjusted after-tax operating income was $675 million, or $1.05 per share.
Premiums and deposits were $9.1 billion, a 4% increase over the prior year quarter.
Net investment income was $2.7 billion, a 23% increase over the prior year quarter.
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Corebridge Revenue by Segment
Forward Guidance
Corebridge is confident in its ability to achieve its financial targets while maintaining a disciplined approach that pursues sustainable growth, protects our strong balance sheet, and drives shareholder value.
Revenue & Expenses
Visualization of income flow from segment revenue to net income