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Corebridge Financial, Inc. (CRBG) 10-Year Financial Performance & Capital Metrics

CRBG • • Banking & Credit
Financial ServicesAsset ManagementInsurance & Retirement SolutionsInsurance-Linked Asset Managers
AboutCorebridge Financial, Inc. provides retirement solutions and insurance products in the United States. It operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments. The Individual Retirement segment provides fixed annuities, fixed index annuities, variable annuities and retail mutual funds. The Group Retirement segment offers record-keeping services, plan administration and compliance services, and financial planning and advisory solutions to employer-defined contribution plans and their participants, as well as proprietary and non-proprietary annuities, advisory services, and brokerage products. The Life Insurance segment offers term life and universal life insurance in the United States, as well as issues individual life, whole life, and group life insurance in the United Kingdom; and distributes medical insurance in Ireland. The Institutional Markets segment provides stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank owned life insurance, high net worth products, and guaranteed investment contracts. The company was formerly known as SAFG Retirement Services, Inc. Corebridge Financial, Inc. was incorporated in 1998 and is headquartered in Houston, Texas. Corebridge Financial, Inc. operates as a subsidiary of American International Group, Inc.Show more
  • Net Interest Income $2.12B +19.4%
  • Total Revenue $2.68B +13.5%
  • Net Income $2.23B +102.0%
  • Return on Equity 17.87% +85.8%
  • Net Interest Margin 0.55% +16.3%
  • Efficiency Ratio -25.35% -171.3%
  • ROA 0.58% +94.4%
  • Equity / Assets 3.17% -5.0%
  • Book Value per Share 20.57 +5.0%
  • Tangible BV/Share 3.39 -16.6%
  • Debt/Equity 1.01 +7.0%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 23.0%
  • ✓Strong 5Y profit CAGR of 113.7%
  • ✓Efficient operations: -25.4% efficiency ratio
  • ✓Healthy dividend yield of 3.0%
  • ✓Share count reduced 7.1% through buybacks
  • ✓Trading at only 1.5x book value

✗Weaknesses

  • ✗Weak NIM of 0.5%
  • ✗Thin capital base

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-27.33%
3Y-51.56%
TTM-

Profit (Net Income) CAGR

10Y-
5Y113.73%
3Y-35.32%
TTM179.28%

EPS CAGR

10Y-
5Y50.61%
3Y-33.73%
TTM180.6%

ROCE

10Y Avg0.17%
5Y Avg0.17%
3Y Avg1.28%
Latest0.73%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CRBGCorebridge Financial, Inc.15.36B30.458.1913.52%83.27%6.92%14.01%1.01
ATHSAthene Holding Ltd. 7.250% Fixe25.261.57-25.15%16.73%0.95%0.30

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Net Interest Income+-555M-490M1.27B1.34B1.78B2.12B
NII Growth %-0.12%3.6%0.06%0.32%0.19%
Net Interest Margin %------
Interest Income001.66B1.88B2.36B2.68B
Interest Expense555M490M389M534M580M554M
Loan Loss Provision9.95B11.1B13.27B000
Non-Interest Income+13.21B15.06B21.9B000
Non-Interest Income %------
Total Revenue+13.21B15.06B23.56B1.88B2.36B2.68B
Revenue Growth %-0.14%0.56%-0.92%0.26%0.14%
Non-Interest Expense7.68B8.8B15.8B-9.15B839M-679M
Efficiency Ratio------
Operating Income+-4.98B-5.33B-5.9B10.49B940M2.8B
Operating Margin %------
Operating Income Growth %--0.07%-0.11%2.78%-0.91%1.98%
Pretax Income+139M851M11.25B10.49B940M2.8B
Pretax Margin %------
Income Tax+-168M-15M2.08B2.01B-96M600M
Effective Tax Rate %------
Net Income+50M642M8.24B8.16B1.1B2.23B
Net Margin %------
Net Income Growth %-11.84%11.84%-0.01%-0.86%1.02%
Net Income (Continuing)307M866M9.17B8.48B1.04B2.2B
EPS (Diluted)+0.481.0012.7812.601.713.72
EPS Growth %-1.08%11.78%-0.01%-0.86%1.18%
EPS (Basic)0.481.0012.7812.631.723.73
Diluted Shares Outstanding645M645M645M647.4M645.2M599.2M

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash & Short Term Investments+01000K1000K1000K1000K1000K
Cash & Due from Banks0654M537M552M612M806M
Short Term Investments01000K1000K1000K1000K1000K
Total Investments+0415.74B39.39B44.57B46.87B52.77B
Investments Growth %---0.91%0.13%0.05%0.13%
Long-Term Investments0208.56B-164.65B-116.63B-124B-10.34B
Accounts Receivables01000K1000K1000K1000K1000K
Goodwill & Intangibles+------
Goodwill000000
Intangible Assets008.06B10.56B10.01B10.29B
PP&E (Net)000000
Other Assets0147.11B519.93B294.89B312.61B316.91B
Total Current Assets050.84B48.04B162.66B172.07B64.63B
Total Non-Current Assets0359.31B368.17B197.66B207.2B324.77B
Total Assets+0410.15B416.21B360.32B379.27B389.4B
Asset Growth %--0.01%-0.13%0.05%0.03%
Return on Assets (ROA)-0%0.02%0.02%0%0.01%
Accounts Payable036.79B35.14B000
Total Debt+011.25B15.68B15.33B11.87B12.39B
Net Debt010.59B15.14B14.77B11.26B11.59B
Long-Term Debt011.25B7.36B13.83B11.62B11.29B
Short-Term Debt008.32B1.5B250M1.1B
Other Liabilities0322.29B336.46B334.68B354.76B364.68B
Total Current Liabilities036.79B43.46B1.5B250M1.1B
Total Non-Current Liabilities0333.53B343.82B348.5B366.38B375.97B
Total Liabilities0370.32B387.28B350B366.63B377.07B
Total Equity+039.83B28.93B10.32B12.63B12.33B
Equity Growth %---0.27%-0.64%0.22%-0.02%
Equity / Assets (Capital Ratio)------
Return on Equity (ROE)-0.02%0.24%0.42%0.1%0.18%
Book Value per Share-61.7644.8515.9419.5820.57
Tangible BV per Share------
Common Stock06M6M6M6M7M
Additional Paid-in Capital008.05B8.03B8.15B8.16B
Retained Earnings008.86B18.21B17.57B19.26B
Accumulated OCI014.65B10.17B-16.86B-13.46B-13.68B
Treasury Stock0000-503M-2.28B
Preferred Stock000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+2.44B3.33B2.46B2.62B3.36B2.15B
Operating CF Growth %-0.36%-0.26%0.07%0.28%-0.36%
Net Income307M866M8.28B8.48B1.1B2.2B
Depreciation & Amortization294M325M562M585M0193M
Deferred Taxes-74M-74M-88M000
Other Non-Cash Items-177M-828M-6.01B-311M1.45B977M
Working Capital Changes2.02B2.96B-374M-6.13B801M-1.22B
Cash from Investing+-10.38B-7.91B-1.97B-7.25B-5.38B-11.54B
Purchase of Investments-39.77B-38.95B-41.24B-25.61B-30.37B-32.8B
Sale/Maturity of Investments1000K1000K1000K1000K1000K1000K
Net Investment Activity------
Acquisitions-77M317M1.08B-107M838M577M
Other Investing-5M180M-84M-6.68B-622M-6.53B
Cash from Financing+7.92B4.67B-809M4.67B2.02B9.58B
Dividends Paid-1.62B-472M-1.58B-876M-1.72B-544M
Share Repurchases0000-498M-1.79B
Stock Issued000001M
Net Stock Activity------
Debt Issuance (Net)1000K1000K-1000K1000K-1000K1000K
Other Financing7.61B4.64B1.67B5.18B5.11B11.59B
Net Change in Cash+-11M91M-317M32M60M196M
Exchange Rate Effect01000K-1000K-1000K1000K1000K
Cash at Beginning838M827M918M601M552M628M
Cash at End827M918M601M633M612M824M
Interest Paid308M279M364M472M0538M
Income Taxes Paid1.19B1.92B1.91B1.1B0252M
Free Cash Flow+-1.78B3.01B1.18B2.62B3.36B2.15B
FCF Growth %-2.69%-0.61%1.23%0.28%-0.36%

Banking Ratios

Metric201920202021202220232024
Return on Equity (ROE)-1.61%23.98%41.58%9.62%17.87%
Return on Assets (ROA)-0.16%1.99%2.1%0.3%0.58%
Net Interest Margin--0.12%0.31%0.37%0.47%0.55%
Efficiency Ratio58.18%58.44%67.07%-486.75%35.57%-25.35%
Equity / Assets-9.71%6.95%2.86%3.33%3.17%
Book Value / Share-61.7644.8515.9419.5820.57
NII Growth-11.71%360%5.57%32.27%19.39%
Dividend Payout3248%73.52%19.13%10.74%155.98%24.39%

Revenue by Segment

202220232024
Corporate and Other-222M-
Corporate and Other Growth---
Insurance, Other2.3B--
Insurance, Other Growth---

Revenue by Geography

202220232024
North America26.14B18.3B18.67B
North America Growth--30.00%2.03%
International-579M111M
International Growth---80.83%

Frequently Asked Questions

Valuation & Price

Corebridge Financial, Inc. (CRBG) has a price-to-earnings (P/E) ratio of 8.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Corebridge Financial, Inc. (CRBG) grew revenue by 13.5% over the past year. This is steady growth.

Yes, Corebridge Financial, Inc. (CRBG) is profitable, generating $991.0M in net income for fiscal year 2024 (83.3% net margin).

Dividend & Returns

Yes, Corebridge Financial, Inc. (CRBG) pays a dividend with a yield of 2.98%. This makes it attractive for income-focused investors.

Corebridge Financial, Inc. (CRBG) has a return on equity (ROE) of 17.9%. This is reasonable for most industries.

Industry Metrics

Corebridge Financial, Inc. (CRBG) has a net interest margin (NIM) of 0.5%. NIM has been under pressure due to interest rate environment.

Corebridge Financial, Inc. (CRBG) has an efficiency ratio of -25.4%. This is excellent, indicating strong cost control.

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