The company maintains a disciplined capital structure with a debt-to-equity ratio of 0.81 as of 2026Q1, even as it manages the removal of over $10 billion in goodwill from its balance sheet.
| Total Current Assets | 59.45B | 67.19B | 64.63B | 172.07B | 162.66B | 48.04B | 50.84B | 0 |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | -157.42B | -157.85B | 0 |
| Total Non-Current Assets | 0 | 346.36B | 324.77B | 207.2B | 197.66B | 368.17B | 359.31B | 0 |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 10.29B | 10.01B | 10.56B | 8.06B | 0 | 0 |
| Long-Term Investments | 181.75B | 200.54B | -10.34B | -124B | -116.63B | -164.65B | 208.56B | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - |
| Total Assets | 407.06B | 413.55B | 389.4B | 379.27B | 360.32B | 416.21B | 410.15B | 0 |
| Asset Turnover | 0.02x | 0.01x | 0.01x | 0.01x | 0.01x | 0.05x | 0.04x | - |
| Asset Growth % | 17.9% | 6.2% | 2.67% | 5.26% | -13.43% | 1.48% | - | - |
| Total Current Liabilities | 0 | 23.65B | 1.1B | 250M | 1.5B | 43.46B | 36.79B | 0 |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 35.14B | 36.79B | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 1.1B | 250M | 1.5B | 8.32B | 0 | 0 |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | - | 2.84x | 58.70x | 688.28x | 108.44x | 1.11x | 1.38x | - |
| Quick Ratio | - | 2.84x | 58.70x | 688.28x | 108.44x | 1.11x | 1.38x | - |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 9.36B | 375.94B | 375.97B | 366.38B | 348.5B | 343.82B | 333.53B | 0 |
| Long-Term Debt | 9.36B | 10.91B | 11.29B | 11.62B | 13.83B | 7.36B | 11.25B | 0 |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - |
| Total Liabilities | 395.52B | 399.59B | 377.07B | 366.63B | 350B | 387.28B | 370.32B | 0 |
| Total Debt | 9.36B | 10.91B | 12.39B | 11.87B | 15.33B | 15.68B | 11.25B | 0 |
| Net Debt | 8.99B | 10.46B | 11.59B | 11.26B | 14.77B | 15.14B | 10.59B | 0 |
| Debt / Equity | 0.81x | 0.78x | 1.01x | 0.94x | 1.49x | 0.54x | 0.28x | - |
| Debt / EBITDA | 9.28x | 727.07x | 4.14x | 9.09x | 1.38x | 1.47x | - | - |
| Net Debt / EBITDA | 8.91x | 697.27x | 3.87x | 8.62x | 1.33x | 1.42x | - | - |
| Interest Coverage | 1.79x | 0.02x | 6.06x | 2.62x | 20.65x | 27.03x | 2.74x | -8.98x |
| Total Equity | 11.54B | 13.96B | 12.33B | 12.63B | 10.32B | 28.93B | 39.83B | 0 |
| Equity Growth % | 13.83% | 13.26% | -2.45% | 22.44% | -64.33% | -27.38% | - | - |
| Book Value per Share | 24.37 | 25.89 | 20.57 | 19.58 | 15.94 | 44.85 | 61.76 | - |
| Total Shareholders' Equity | 10.8B | 13.2B | 11.46B | 11.77B | 9.38B | 27.09B | 37.23B | 0 |
| Common Stock | 7M | 7M | 7M | 6M | 6M | 6M | 6M | 0 |
| Retained Earnings | 18.2B | 18.37B | 19.26B | 17.57B | 18.21B | 8.86B | 0 | 0 |
| Treasury Stock | 0 | -4.38B | -2.28B | -503M | 0 | 0 | 0 | 0 |
| Accumulated OCI | -10.43B | -9.45B | -13.68B | -13.46B | -16.86B | 10.17B | 14.65B | 0 |
| Minority Interest | 736M | 759M | 864M | 869M | 939M | 1.84B | 2.6B | 0 |
Actuarial and accounting volatility
As reported in financial statements, Corebridge's equity base has fluctuated between $10.8 billion and $13.6 billion over the last ten quarters, suggesting that the company is navigating the transition to a standalone entity while managing the technical pressures of ongoing divestment by its former parent organization.
The relative stability of the equity base despite significant GAAP earnings volatility indicates that the company's core statutory capital remains insulated from non-economic accounting adjustments. Investors should monitor whether the recent decline in equity toward $10.8 billion in 2026Q1 reflects a strategic capital return acceleration or a tightening of the underlying capital buffer.
Based on recent SEC filings, Corebridge has maintained a debt-to-equity ratio consistently below 1.0, with the metric reaching 0.81 in 2026Q1, which suggests a disciplined approach to leverage despite the capital-intensive nature of its institutional and retirement product offerings.
The company's ability to keep debt levels relatively flat while managing large-scale asset portfolios implies that management is prioritizing balance sheet flexibility. This leverage profile appears appropriate for an asset manager, though the reliance on debt to support growth warrants further investigation into the cost of capital as interest rate environments shift.
According to historical balance sheet data, Corebridge's current ratio has exhibited extreme variance, swinging from over 600 in 2023Q4 to near-zero levels in 2026Q1, which highlights the sensitivity of reported liquidity metrics to the timing of policyholder obligations and short-term investment portfolio reallocations.
The massive swings in current assets suggest that headline liquidity ratios are poor indicators of actual operational runway for this business model. Analysts should focus on the absolute cash position, which remains substantial, rather than the distorted current ratio, to assess the company's true ability to meet near-term liabilities.
As indicated by the provided financial data, the disappearance of $8.8 billion to $10.3 billion in goodwill from the balance sheet between 2025Q3 and 2026Q1 suggests a significant accounting event that warrants further investigation into the valuation of acquired intangible assets.
The sudden removal of these intangible assets may indicate a strategic write-down or a change in accounting treatment that could have long-term implications for book value. Investors should scrutinize whether this reduction reflects a permanent impairment of the underlying business segments or merely a technical adjustment related to the separation process.
Quick answers to the most common questions about buying CRBG stock.
As of 2025, Corebridge Financial, Inc. (CRBG) had total assets of $413.55B including $67.19B in current assets.
Corebridge Financial, Inc. (CRBG) carries total debt of $10.91B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Corebridge Financial, Inc. (CRBG) has total shareholders' equity (book value) of $13.20B ($25.89 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Corebridge Financial, Inc. (CRBG) reported a current ratio of 2.84x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.