Corebridge Records $41.7B Premiums and $2.4B Adjusted Operating Income
Corebridge Financial reported record $41.7 billion in 2025 premiums and deposits, a 4% increase driven by a 28% Q4 Institutional Markets pension risk transfer surge. The firm generated $2.4 billion of adjusted after-tax operating income ($4.42 per share), maintained a 430–440% RBC ratio and $2.3 billion liquidity.
1. Record Premiums and Deposits
Corebridge delivered $41.7 billion in total premiums and deposits for 2025, up 4% from 2024. Growth was led by Institutional Markets, where Q4 pension risk transfer deposits rose 28%, and by continued gains in the Individual Retirement segment.
2. Operating Income Metrics
The company posted a GAAP net loss of $366 million but generated $2.4 billion of adjusted after-tax operating income ($4.42 per share). Core sources of income—including base spread, fee income and underwriting margins—totaled $6.1 billion, with Individual Retirement contributing $455 million in Q4 pre-tax operating income.
3. Capital Position and Outlook
Corebridge maintained a strong Life Fleet RBC ratio between 430% and 440%, well above regulatory requirements, and ended 2025 with $2.3 billion in holding company liquidity. Management highlighted its competitive advantages and plans to leverage diversified distribution and product suites for sustained value creation.