All financial information in this document is unaudited. This supplement should be read in conjunction with Corebridge's Form 10-Q for the quarter ended September 30, 2026, which will be filed with the Securities and Exchange Commission.
Corebridge Financial, Inc. Contact: Investor Relations
Işıl Müderrisoğlu - [email protected] Investor Relations Mailbox: [email protected]
Table of Contents Page(s)
Consolidated Results
Consolidated Financial Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3-4
Consolidated Statement of Operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Consolidated Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Assets Under Management and Administration Rollforward . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Operating Results by Segment
Individual Retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8-9
Group Retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10-11
Group Variable Annuity Account Value by Type . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Life Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13-14
Institutional Markets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Actuarial Assumption Updates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Corporate and Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Investments
Total Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Total Investments, Insurance Operating Subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Investments - Commercial Mortgage Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20-21
Net Investment Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Net Realized Gains (Losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Supplemental Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24-43
Table of Contents
Corebridge Financial, Inc.
Consolidated Financial Highlights
(in millions, except per share data) Quarterly
Nine Months Ended September 30,
3Q26 | 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2026 | 2025 |
$ 1,440 | $ (16) | $ (53) | $ 814 | $ 144 | $ 1,371 | $ (1,180) |
$ 3.23 | $ (0.04) | $ (0.11) | $ 1.60 | $ 0.27 | $ 3.00 | $ (2.15) |
$ 3.22 | $ (0.04) | $ (0.11) | $ 1.59 | $ 0.27 | $ 2.99 | $ (2.15) |
445.6 | 454.2 | 473.5 | 510.6 | 539.1 | 457.7 | 549.1 |
447.2 | 454.2 | 473.5 | 512.1 | 540.6 | 459.0 | 549.1 |
37.9 % | 96.2 % | 162.9 % | 17.8 % | 426.2 % | 44.0 % | 21.4 % |
$ 545 | $ 512 | $ 501 | $ 626 | $ 520 | $ 1,558 | $ 1,762 |
$ 1.22 | $ 1.12 | $ 1.05 | $ 1.22 | $ 0.96 | $ 3.39 | $ 3.20 |
447.2 | 454.7 | 475.4 | 512.1 | 540.6 | 459.0 | 550.4 |
19.5 % | 20.2 % | 20.3 % | 17.6 % | 20.5 % | 20.0 % | 20.1 % |
$ 466 | $ 467 | $ 415 | $ 455 | $ 451 | $ 1,348 | $ 1,428 |
164 | 151 | 140 | 162 | 185 | 455 | 562 |
17 | 112 | 96 | 147 | 25 | 225 | 266 |
198 | 119 | 143 | 143 | 134 | 460 | 444 |
(168) | (185) | (165) | (147) | (141) | (518) | (494) |
677 | 664 | 629 | 760 | 654 | 1,970 | 2,206 |
132 | 134 | 128 | 134 | 134 | 394 | 444 |
545 | 530 | 501 | 626 | 520 | 1,576 | 1,762 |
- | 18 | - | - | - | 18 | - |
$ 545 | $ 512 | $ 501 | $ 626 | $ 520 | $ 1,558 | $ 1,762 |
$ 876 | $ 898 | $ 883 | $ 880 | $ 880 | $ 2,657 | $ 2,637 |
157 | 29 | 23 | 76 | 73 | 209 | 342 |
$ 1,033 | $ 927 | $ 906 | $ 956 | $ 953 | $ 2,866 | $ 2,979 |
322 | 325 | 301 | 311 | 307 | 948 | 866 |
355 | 344 | 330 | 384 | 342 | 1,029 | 1,045 |
$ 1,710 | $ 1,596 | $ 1,537 | $ 1,651 | $ 1,602 | $ 4,843 | $ 4,890 |
70.3 % | (0.6)% | (1.8)% | 24.3 % | 4.5 % | 18.6 % | (12.8)% |
12.1 % | 11.4 % | 10.6 % | 12.5 % | 10.3 % | 11.2 % | 11.1 % |
Results of Operations Data (available to Corebridge common shareholders) Net income (loss) available to Corebridge common shareholders
Net income (loss) per common share Common stock - basic
Common stock - diluted
Weighted average shares outstanding:
Common stock - basic Common stock - diluted
Effective tax rate
Adjusted after-tax operating income available to Corebridge common shareholders Operating earnings per common share
Weighted average shares outstanding - operating Adjusted effective tax rate
Adjusted pre-tax/after-tax operating income (loss) Individual Retirement
Group Retirement Life Insurance Institutional Markets Corporate and Other
Adjusted pre-tax operating income Income tax expense
Adjusted after-tax operating income Less: Preferred stock dividends
Adjusted after-tax operating income available to Corebridge common shareholders
Sources of Income
Base spread income Variable investment income
Spread income Fee income
Underwriting margin
Total
Adjusted Return On Average Equity (ROAE) ROAE
Adjusted ROAE
Table of Contents
Corebridge Financial, Inc.
Consolidated Financial Highlights
(in millions, except per share data) Quarterly
Nine Months Ended September 30,
3Q26 | 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2026 | 2025 |
$ 8,785 | $ 9,066 | $ 8,013 | $ 10,055 | $ 12,290 | $ 25,864 | $ 31,676 |
$ 18,217 | $ 17,799 | $ 18,130 | $ 19,769 | $ 20,236 | $ 18,217 | $ 20,236 |
493 | 493 | 493 | 493 | - | 493 | - |
10,107 | 9,362 | 9,361 | 9,359 | 9,357 | 10,107 | 9,357 |
- | - | - | - | - | - | - |
697 | 722 | 736 | 759 | 780 | 697 | 780 |
$ 29,514 | $ 28,376 | $ 28,720 | $ 30,380 | $ 30,373 | $ 29,514 | $ 30,373 |
$ 119 | $ 114 | $ 113 | $ 112 | $ 115 | $ 346 | $ 354 |
34.2 % | 33.0 % | 32.6 % | 30.8 % | 30.8 % | 34.2 % | 30.8 % |
$ 185 | $ 300 | $ 1,250 | $ 1,105 | $ 381 | $ 1,735 | $ 1,013 |
5.5 | 10.9 | 41.1 | 35.7 | 11.1 | 57.5 | 31.0 |
$ 33.72 | $ 27.36 | $ 30.47 | $ 30.94 | $ 34.30 | $ 30.19 | $ 32.69 |
$ 0.25 | $ 0.25 | $ 0.25 | $ 0.24 | $ 0.24 | $ 0.75 | $ 0.72 |
$ 110 | $ 112 | $ 114 | $ 119 | $ 128 | $ 336 | $ 392 |
$ - | $ 18 | $ - | $ - | $ - | $ 18 | $ - |
$ 6,729 | $ 10,651 | $ 10,805 | $ 13,201 | $ 13,542 | $ 6,729 | $ 13,542 |
493 | 493 | 493 | 493 | - | 493 | - |
6,236 | 10,158 | 10,312 | 12,708 | 13,542 | 6,236 | 13,542 |
(15,244) | (10,167) | (10,428) | (9,452) | (9,028) | (15,244) | (9,028) |
(3,263) | (2,526) | (2,610) | (2,391) | (2,334) | (3,263) | (2,334) |
$ 18,217 | $ 17,799 | $ 18,130 | $ 19,769 | $ 20,236 | $ 18,217 | $ 20,236 |
440.3 | 445.8 | 456.7 | 496.4 | 532.1 | 440.3 | 532.1 |
$ 14.16 | $ 22.79 | $ 22.58 | $ 25.60 | $ 25.45 | $ 14.16 | $ 25.45 |
$ 41.37 | $ 39.93 | $ 39.70 | $ 39.83 | $ 38.03 | $ 41.37 | $ 38.03 |
$ 33.12 | $ 28.63 | $ 23.86 | $ 30.17 | $ 32.05 | $ 33.12 | $ 32.05 |
Total Premiums and Deposits Corebridge Capitalization
Adjusted book value available to Corebridge common shareholders Preferred stock and additional paid-in capital
Financial debt
Amounts drawn under revolving credit facility Non-redeemable noncontrolling interest
Total capital
Interest Expense - Financial Debt Leverage Ratio
Financial debt / total capital
Common Stock Repurchases
Aggregate repurchase of common stock Number of common shares repurchased Average price paid per share of common stock
Dividends
Dividends declared per common share Total dividends declared on common stock Total dividends declared on preferred stock
Adjusted Book Value Per Common Share Total Corebridge shareholders' equity
Less: Preferred stock and additional paid-in capital
Total Corebridge shareholders' equity available to common shareholders (a) Less: Accumulated other comprehensive income (loss) (AOCI)
Add: Cumulative unrealized gains and losses related to Fortitude Re funds withheld assets
Total adjusted book value available to Corebridge common shareholders (b)
Total common shares outstanding (c)(1) Book value per common share (a/c)
Adjusted book value per common share (b/c)
Closing share price
(1) Total common shares outstanding are presented net of treasury stock.
Table of Contents
Corebridge Financial, Inc.
Consolidated Statement of Operations
(in millions) Quarterly
Nine Months Ended September 30,
3Q26 | 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2026 | 2025 |
$ 539 | $ 542 | $ 387 | $ 2,603 | $ 1,944 | $ 1,468 | $ 3,261 |
607 | 624 | 610 | 633 | 659 | 1,841 | 2,100 |
3,150 | 2,957 | 2,937 | 2,987 | 2,952 | 9,044 | 8,805 |
120 | 233 | 260 | 290 | 368 | 613 | 1,042 |
3,270 | 3,190 | 3,197 | 3,277 | 3,320 | 9,657 | 9,847 |
801 | (213) | (329) | 332 | (1) | 259 | (2,517) |
(208) | (25) | (21) | (64) | (10) | (254) | (36) |
1,032 | (316) | 14 | (156) | (670) | 730 | (1,517) |
1,625 | (554) | (336) | 112 | (681) | 735 | (4,070) |
89 | 87 | 83 | 133 | 131 | 259 | 377 |
34 | 25 | 23 | 9 | 43 | 82 | 199 |
6,164 | 3,914 | 3,964 | 6,767 | 5,416 | 14,042 | 11,714 |
1,218 | 1,120 | 974 | 3,140 | 2,594 | 3,312 | 5,033 |
(10) | 180 | 378 | 79 | 299 | 548 | 405 |
1,638 | 1,570 | 1,525 | 1,536 | 1,494 | 4,733 | 4,397 |
267 | 248 | 245 | 247 | 253 | 760 | 803 |
100 | 102 | 104 | 114 | 131 | 306 | 439 |
43 | 45 | 44 | 70 | 71 | 132 | 205 |
450 | 466 | 468 | 478 | 481 | 1,384 | 1,524 |
134 | 131 | 131 | 132 | 135 | 396 | 420 |
- | - | (2) | - | - | (2) | - |
3,840 | 3,862 | 3,867 | 5,796 | 5,458 | 11,569 | 13,226 |
2,324 | 52 | 97 | 971 | (42) | 2,473 | (1,512) |
880 | 50 | 158 | 173 | (179) | 1,088 | (324) |
1,444 | 2 | (61) | 798 | 137 | 1,385 | (1,188) |
4 | - | (8) | (16) | (7) | (4) | (8) |
1,440 | 2 | (53) | 814 | 144 | 1,389 | (1,180) |
- | 18 | - | - | - | 18 | - |
$ 1,440 | $ (16) | $ (53) | $ 814 | $ 144 | $ 1,371 | $ (1,180) |
Revenues
Premiums (1) Policy fees
Net investment income:
Net investment income - excluding Fortitude Re funds withheld assets Net investment income - Fortitude Re funds withheld assets
Total net investment income Net realized gains (losses):
Net realized gains (losses) - excluding Fortitude Re funds withheld assets and embedded derivative
Net realized (losses) on Fortitude Re funds withheld assets
Net realized gains (losses) on Fortitude Re funds withheld embedded derivative Total net realized gains (losses)
Advisory fee income Other income
Total revenues Benefits and expenses
Policyholder benefits (1)
Change in the fair value of market risk benefits, net (2) Interest credited to policyholder account balances
Amortization of deferred policy acquisition costs and value of business acquired Non-deferrable insurance commissions
Advisory fee expenses General operating expenses Interest expense
Net (gain) on divestitures Total benefits and expenses
Income (loss) before income tax expense Income tax expense (benefit)
Net income (loss)
Less: Net income (loss) attributable to noncontrolling interests Net income (loss) attributable to Corebridge
Less: Preferred stock dividends
Net income (loss) available to Corebridge common shareholders
(1) Includes PRT and SS sales activity of: $ 165 $ 138 $ 16 $ 2,198 $ 1,555 $ 319 $ 2,097
(2) Represents changes in fair value of market risk benefits compared to prior periods, except for our own credit risk changes (non-performance adjustments) which are recognized in other comprehensive income.