Corebridge Financial

Corebridge helps people save money for their retirement and protect their families with insurance. The company partners with employers and financial experts to create long-term financial plans. These products help individuals manage their income and investments after they stop working.

The Product Portfolio

• Individual Retirement: Annuities that offer principal protection or market-linked returns for personal savings; represented 52% of adjusted pre-tax operating income in 2025.
• Group Retirement: Financial planning and record-keeping services for teachers, healthcare workers, and government employees; represented 20% of adjusted pre-tax operating income in 2025.
• Life Insurance: Term and universal life products designed to provide financial security for beneficiaries; represented 12% of adjusted pre-tax operating income in 2025.
• Institutional Markets: Large-scale solutions like pension risk transfers and stable value wraps for corporations and banks; represented 16% of adjusted pre-tax operating income in 2025.

Recent Strategic Moves

• Completed the sale of the international subsidiary Laya Healthcare Limited to AXA S.A. on October 31, 2023.
• Finalized the sale of AIG Life Limited in the United Kingdom to Aviva plc on April 8, 2024.
• Entered into a master agreement in June 2025 to cede individual variable annuity liabilities to Corporate Solutions Life Reinsurance Company.
• Agreed to sell SunAmerica Asset Management to Venerable Holdings, Inc., a transaction that closed on January 1, 2026.
• Launched the Corebridge MarketLock Annuity in October 2024 to enter the registered index-linked annuity market.

What Makes the Business Unique

The company utilizes a multichannel distribution network of 460 third-party firms and its own employee advisors to reach customers across all 50 states. Strategic partnerships with Blackstone and BlackRock provide access to specialized asset classes that support its diverse insurance and retirement liabilities.

Performance by the Numbers

• Revenue reached $720 million in Q4 2025, up 2% from $706 million in Q4 2024.
• Net income was $814 million in Q4 2025, down 62.5% from $2.2 billion in Q4 2024.
• Operating cash flow rose to $1.9 billion in Q4 2025, a 27.2% increase year-over-year.
• Gross profit grew to $588 million in Q4 2025, up 4.8% from $561 million in Q4 2024.
• Total individual annuity premiums and deposits reached $20.6 billion for the full year 2025.

Final Snapshot

Corebridge has transitioned from a subsidiary of AIG into a standalone provider of retirement and protection solutions. By divesting international assets and variable annuity blocks, the company has narrowed its focus toward capital-efficient products in the U.S. market.