Corebridge Financial, Inc.CRBG
NYSE•Financial Services•Asset Management
Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States. The company operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments. The Individual Retirement segment provides fixed annuities, fixed index and registered index-linked, and variable annuities. The Group Retirement segment offers in-plan products and services comprising an open architecture recordkeeping platform that allows plan participants to allocate money to a variety of mutual fund options or a fixed interest account; flexible group variable and fixed annuity; and in-plan investment advisory services. It also provides out-of-plan products and services, including proprietary and non-proprietary annuities; investment advisory solutions, such as fiduciary, fee-based investments; and brokerage services for non-proprietary variable annuity, securities, life insurance, mutual funds, and 529 plans. The Life Insurance segment offers term, whole, index universal, and guaranteed universal life insurance products. The Institutional Markets segment provides defined contribution and bank-owned life insurance stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank-owned life insurance, private placement variable universal life and annuities 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. (CRBG) reported trailing twelve months revenue of $18.86B as of March 2026, a 14.0% increase year-over-year. Quarterly revenue reached $3.96B, reflecting continued top-line momentum.
Corebridge Financial Inc. generated $245.00M in TTM net income, with quarterly EBITDA of $262.00M. The operating margin expanded from -24.0% to 2.4%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (2.4%) and net margin (-1.3%) indicates tight cost control with minimal non-operating drag. Net margin has improved from -18.5% a year ago, signaling stronger bottom-line efficiency.
CRBG trades at a P/E of 43.9x (a premium multiple) and a P/S of 0.6x. The price-to-book ratio of 1.0x suggests the stock trades below its book value.
The company reported negative free cash flow of $-9.00M, indicating cash consumption over the period. The balance sheet shows $407.06B in total assets with no in long-term debt against $10.80B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 15 quarters of fundamental data
Operating margins are under pressure, averaging -4.3%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
5 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 15 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF consistently trails net income (avg 0.4x) — earnings may be inflated by non-cash items or aggressive accounting.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.
Shares decreased 22.6% — net buybacks are reducing shares outstanding and boosting per-share value.