| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 5.4K | 97.4% | 107.0% |
| Total Income | 5.4K | 97.4% | 107.0% |
| Expenditure | 5.5K | 63.0% | 29.6% |
| PBT | -42.00 | 93.1% | 97.4% |
| Net Profit | 144.00 | 121.8% | 112.2% |
| OPM | — | ||
| NPM | 2.66% | 26.71pp | 47.92pp |
| EPS | 0.27 | 122.5% | 113.4% |
Corebridge Financial Announces Q3 2025 Results: Premiums and Deposits at $12.3B
04 May 2026 · 4 May, 8:17 am
Summary
Corebridge Financial reported a net income of $144 million for Q3 2025, a significant improvement compared to the prior year's loss of $1.2 billion. Adjusted after-tax operating income was $520 million, or $0.96 per share. Premiums and deposits increased by 34% year-over-year, reaching $12.3 billion. The company returned $509 million to shareholders through share repurchases and dividends. CEO Kevin Hogan highlighted the company's solid performance and enhanced position following the VA reinsurance transaction.
Key Highlights
- 1
Corebridge Financial reported a net income of $144 million, or $0.27 per share, for the third quarter of 2025.
- 2
Adjusted after-tax operating income was $520 million, with an operating EPS of $0.96 per share.
- 3
Premiums and deposits reached $12.3 billion, marking the highest in recent history.
- 4
The company returned $509 million to shareholders, including $381 million in share repurchases, representing an 80% year-to-date payout ratio.
- 5
Net investment income totaled $3.32 billion for the quarter.
- 6
Premiums and deposits increased by 34% to $12.3 billion compared to the prior year quarter.
- 7
Holding company liquidity stands at $1.8 billion, including partial proceeds from the VA transaction.
Management Comments
Kevin Hogan
Corebridge delivered another quarter of solid performance, with our diversified businesses generating $12.3 billion of sales. The VA reinsurance transaction has enhanced our position, and we are now a simpler company with a lower risk profile, higher quality of earnings, and greater growth potential. Since the IPO we have strengthened every element of our value proposition. We offer a broad range of retirement and protection solutions to our customers. Our businesses contribute three different sources of income which generate sustainable and growing cash flows, and help us perform through various market cycles. We have a strong balance sheet that provides us with significant financial flexibility to achieve our strategic objectives. The capital ratios of our insurance companies continue to exceed their targets. We have more than ample liquidity at the parent and have returned $1.4 billion to shareholders this year. We have a high-quality investment portfolio and minimal legacy liabilities. Our track record of disciplined execution speaks for itself, including the divestiture of our international operations, launch of our Bermuda strategy with a total of $18.0 billion of reserves ceded, and completion of one of the largest VA reinsurance transactions to date – all while operating for the first time as an independent company, and delivering on every target we set at the time of the IPO. I look forward to welcoming our next CEO knowing we have a strong foundation in place, with four market-leading businesses, a commitment to help people meet their financial needs, and a track record of value creation. Above all I remain excited about the future prospects for continued profitable growth.
Informational and educational content only. Not investment advice.