← Corebridge Financial, Inc.

Annual Trend FY 2010 FY 2011 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — $8.5b $1.0b $2.2b ($390.0m)
Net Income (Loss) Attributable to Parent — — $866.0m $7.4b $8.1b $1.1b $2.2b ($366.0m)
Net Income (Loss) Available to Common Stockholders, Basic — — $866.0m $8.3b $8.1b $1.1b $2.2b ($366.0m)
Net Income (Loss) Attributable to Noncontrolling Interest — — — $929.0m $320.0m ($68.0m) ($27.0m) ($24.0m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — $8.3b $8.5b $1.0b $2.2b ($390.0m)
Amortization of Intangible Assets — — — $7.0m $4.0m — — —
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Amortization — — — $1.1b $1.4b $1.0b $1.1b $1.1b
Deferred Policy Acquisition Costs, Amortization Expense — — — ($1.0b) ($1.4b) $1.3b $1.4b $1.4b
Depreciation and other amortization $546k $615k $325.0m $562.0m $1.0b $366.0m $193.0m $556.0m
Depreciation, Amortization and Accretion, Net — — — $562.0m $1.0b $366.0m $193.0m $556.0m
Current and deferred income taxes - net — — ($1.9b) ($70.0m) $890.0m ($116.0m) $349.0m ($343.0m)
Deferred Income Tax Expense (Benefit) — — — ($103.0m) $1.1b ($402.0m) $635.0m $337.0m
Provision for deferred taxes $1.0m ($103k) — — — — — —
Asset Impairment Charge — — — — $25.0m $69.0m $69.0m $52.0m
Impairments of assets — — $80.0m $32.0m $25.0m $69.0m $69.0m $52.0m
Share-based Payment Arrangement, Expense — — — $88.0m $75.0m $60.0m $58.0m $67.0m
Earnings (Loss)es From Equity Investments — — — — ($97.0m) $8.0m $65.0m $10.0m
Equity in income from equity method investments, net of dividends or distributions — — $70 $33 ($97) $8 $65 $10
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal — — — ($141.0m) $117.0m $204.0m $86.0m $35.0m
Gain (Loss) on Extinguishment of Debt — — — ($219.0m) $0 $0 — —
Income Tax Expense (Benefit) — — — $1.8b $2.0b ($96.0m) $600.0m ($151.0m)
Net (gain) loss on divestitures — — $0 ($3.1b) $1.0m ($676.0m) ($245.0m) $0
Operating Lease, Expense — — — $21.0m $33.0m $17.0m $16.0m $22.0m
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions — — — ($33.0m) $97.0m ($8.0m) ($65.0m) ($10.0m)
Additional Financial Items
Accrued interest payable and other liabilities $135k ($280k) — — — — — —
Accrued interest receivable and other assets ($827k) $520k — — — — — —
Available-for-sale securities — — ($35.6b) ($36.6b) ($19.5b) ($18.3b) ($29.6b) ($44.5b)
Beginning Cash Position — — — — $601.0m $633.0m $628.0m $824.0m
Capital improvements on other real estate ($320k) ($236k) — — — — — —
Capitalization of deferred policy acquisition costs — — ($889.0m) ($1.0b) ($991.0m) ($1.3b) ($1.4b) ($1.4b)
Cash — — $654.0m $537.0m $552.0m $612.0m $806.0m $447.0m
Cash Flow From Continuing Financing Activities — — — — $4.7b $2.1b $9.6b $10.9b
Cash Flow From Continuing Investing Activities — — — — ($7.3b) ($5.5b) ($11.5b) ($13.3b)
Change In Other Working Capital — — — — $1.3b $753.0m ($230.0m) ($692.0m)
Change In Receivables — — — $169.0m $912.0m ($116.0m) — —
Change In Working Capital — — — — ($6.1b) $801.0m ($1.2b) ($1.1b)
Change in cash of businesses held for sale — — $0 $0 $0 ($3.0m) $0 $0
Change in the fair value of market risk benefits in earnings, net — — — ($1.4b) ($1.5b) ($348.0m) ($831.0m) $636.0m
Changes In Cash — — — — $42.0m ($5.0m) $195.0m ($372.0m)
Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded — — — $49.0m $175.0m $143.0m $111.0m $162.0m
Debt Securities, Available-for-sale, Realized Gain (Loss) — — — $750.0m ($557.0m) ($351.0m) ($1.2b) ($809.0m)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — — $3.1b ($1.0m) $676.0m $245.0m $0
End Cash Position — — — — $633.0m $628.0m $824.0m $453.0m
Equity Securities, FV-NI, Gain (Loss) — — — $1.1b $271.0m $281.0m $412.0m $595.0m
Equity Securities, FV-NI, Realized Gain (Loss) — — — ($225.0m) ($57.0m) $58.0m $28.0m $80.0m
Equity Securities, FV-NI, Unrealized Gain (Loss) — — — $1.3b $328.0m $223.0m $384.0m $515.0m
Fair Value, Option, Changes in Fair Value, Gain (Loss) — — — $937.0m ($197.0m) $458.0m $680.0m $907.0m
Fee income debited to policyholder contract deposits included in financing activities — — ($1.7b) ($1.7b) ($1.7b) ($2.1b) ($2.9b) ($3.0b)
Financing Cash Flow — — — — $4.7b $2.1b $9.6b $10.9b
Fixed maturity securities, designated available-for-sale, received in connection with pension risk transfer transactions — — ($1.1b) ($2.3b) ($1.1b) ($4.3b) ($1.3b) ($2.8b)
Fixed maturity securities, designated available-for-sale, transferred in connection with reinsurance transactions — — — $647.0m $204.0m $439.0m $210.0m $1.3b
Fixed maturity securities, designated fair value option, received in connection with reinsurance transactions — — — — $0 ($93.0m) ($232.0m) $0
Fixed maturity securities, designated fair value option, transferred in connection with reinsurance transactions — — — $0 $0 ($93.0m) $194.0m $0
Free Cash Flow — — — — $2.6b $3.4b $2.2b $2.0b
Funds held relating to Fortitude Re Reinsurance contracts — — $2.4b ($1.2b) ($8.5b) ($137.0m) ($1.4b) ($644.0m)
Gain Loss On Investment Securities — — — — $377.0m $304.0m $1.0b $1.1b
Gain Loss On Sale Of Business — — — — $1.0m ($676.0m) ($245.0m) $0
Goodwill — — — $192.0m $175.0m $117.0m — —
Insurance liabilities — — $2.0b $2.2b $2.1b $770.0m $980.0m $630.0m
Interest $3.8m $2.3m $279.0m $364.0m $472.0m $583.0m $538.0m $584.0m
Interest credited to policyholder contract deposits included in financing activities — — $3.8b $3.5b $3.6b $4.5b $5.1b $6.2b
Investing Cash Flow — — — — ($7.3b) ($5.5b) ($11.5b) ($13.3b)
Issuance Of Capital Stock — — — — $0 $0 $1.0m $493.0m
Issuance of preferred stock — — — — — $0 $0 $493.0m
Loss on other real estate $1.2m $355k — — — — — —
Market Risk Benefit, Change in Fair Value, Gain (Loss) — — — ($1.4b) ($1.5b) $6.0m $227.0m ($484.0m)
Maturities of fixed maturity securities available-for-sale $68.4m $26.0m $15.5b $20.4b $9.6b $8.9b $16.2b $19.3b
Mortgage and other loans receivable — — ($5.5b) ($7.9b) ($14.2b) ($9.2b) ($11.9b) ($10.0b)
Mortgage loans originated and held for sale ($311k) ($717k) — — — — — —
Net Business Purchase And Sale — — — — ($107.0m) $742.0m $577.0m $0
Net Preferred Stock Issuance — — — — — $0 $0 $493.0m
Net change in deposits ($7.5m) ($6.3m) — — — — — —
Net change in derivative assets and liabilities — — $1.2b ($507.0m) ($754.0m) ($884.0m) $119.0m ($820.0m)
Net change in loans $12.2m $12.0m — — — — — —
Net change in securities lending and repurchase agreements — — $646.0m $9.0m ($647.0m) ($544.0m) $567.0m $1.5b
Net change in securities sold under repurchase agreements $3.2m ($13.0m) — — — — — —
Net change in short-term investments — — ($1.2b) $3.4b $883.0m ($334.0m) ($560.0m) ($404.0m)
Net loss ($1.1m) ($2.1m) — — — — — —
Net losses (gains) on sales of securities available-for-sale and other assets — — ($747.0m) ($1.7b) $377.0m $304.0m $1.0b $1.1b
Non-cash capital contributions — — $85.0m $728.0m $0 $16.0m $18.0m $2.0m
Operating Gains Losses — — — — $281.0m ($364.0m) $869.0m $1.1b
Other Cash Adjustment Outside Changein Cash — — — — $0 ($3.0m) $0 $0
Other invested assets — — ($2.0b) ($2.5b) ($1.7b) ($1.2b) ($924.0m) ($1.5b)
Other invested assets securities, transferred in connection with reinsurance transactions — — — $0 $0 $111.0m $43.0m $0
Other securities — — ($117.0m) ($1.6b) ($3.7b) ($1.4b) ($1.7b) ($3.9b)
Other, net — — $184.0m $81.0m $299.0m $139.0m ($267.0m) ($599.0m)
Policyholder contract deposits — — $22.4b $25.4b $26.5b $33.0b $39.6b $40.5b
Policyholder contract withdrawals — — ($17.8b) ($22.5b) ($20.7b) ($28.0b) ($28.1b) ($26.7b)
Preferred Stock Issuance — — — — — $0 $0 $493.0m
Premiums and other receivables and payables - net — — $575.0m $226.0m $68.0m ($265.0m) ($167.0m) $174.0m
Principal payments received on mortgage and other loans receivable — — $6.0b $6.6b $7.8b $6.2b $5.5b $9.0b
Proceeds from sales of other real estate $1.9m $680k — — — — — —
Provision for Loan, Lease, and Other Losses — — — — — — $0 —
Provision for loan losses $3.4m $4.2m — — — — — —
Purchase Of Business — — — — ($107.0m) ($5.0m) $0 $0
Purchases of premises and equipment ($103k) ($78k) — — — — — —
Realized Investment Gains (Losses) — — — $1.9b $8.0b ($3.6b) ($1.9b) ($4.0b)
Reinsurance assets and funds held under reinsurance treaties — — $271.0m $155.0m $409.0m $675.0m $825.0m $1.0b
Repurchase Of Capital Stock — — — — $0 ($498.0m) ($1.8b) ($2.1b)
Restricted cash included in other assets — — — $7.0m $12.0m $13.0m $14.0m $2.0m
Sale Of Business — — — — $0 $747.0m $577.0m $0
Taxes $101k — $1.9b $1.9b $1.1b $20.0m $252.0m $192.0m
Transfer of loans to other real estate $3.3m $2.5m — — — — — —
Transfer of other real estate to loans ($1.9m) ($516k) — — — — — —
Unrealized (gains) losses in earnings - net — — ($343.0m) ($1.6b) ($1.6b) $1.8b $870.0m $1.2b
Unrealized Gain (Loss) on Investments — — — $1.6b $1.6b ($1.8b) ($870.0m) ($1.2b)
Unrealized Gain Loss On Investment Securities — — — — ($617.0m) $1.4b $39.0m $1.8b
Gain (Loss) on Investments — — — $1.9b $8.0b ($3.6b) ($1.9b) ($4.0b)
Total adjustments — — $2.5b ($5.8b) ($5.8b) $2.3b ($52.0m) $2.4b
Net Cash Provided by (Used in) Operating Activities $3.6m $2.3m $3.3b $2.5b $2.7b $3.4b $2.2b $2.0b
Cash flows from investing activities:
Acquisition of businesses, net of cash and restricted cash acquired — — $0 $0 ($107.0m) ($5.0m) $0 $0
Payments to Acquire Businesses, Net of Cash Acquired — — — $0 $107.0m $5.0m $0 $0
Net Investment Purchase And Sale — — — — ($470.0m) ($3.5b) ($5.6b) ($12.4b)
Purchase Of Investment — — — — ($25.6b) ($22.1b) ($32.8b) ($51.0b)
Purchase of investment securities available for sale ($92.9m) ($47.1m) — — — — — —
Change in net unrealized gain on investment securities available for sale, net of tax ($676k) $1.4m — — — — — —
Gains on sale of investment securities, net ($500k) ($174k) — — — — — —
Maturities and repayments of debt of consolidated investment entities — — ($11.0m) ($568.0m) $0 ($535.0m) ($982.0m) ($566.0m)
Proceeds from sales of investment securities available for sale $16.8m $13.8m — — — — — —
Sale Of Investment — — — — $25.1b $18.6b $27.2b $38.7b
Divestitures, net — — $0 $1.1b $0 $747.0m $577.0m $0
Net Other Investing Changes — — — — ($287.0m) $262.0m ($156.0m) $17.0m
Payments for (Proceeds from) Other Investing Activities — — — $84.0m $287.0m ($262.0m) $156.0m ($17.0m)
Net Cash Provided by (Used in) Investing Activities $5.9m $5.2m ($7.9b) ($2.0b) ($7.3b) ($5.5b) ($11.5b) ($13.3b)
Cash flows from financing activities:
Issuance Of Debt — — — — $9.9b $1.5b $1.6b $153.0m
Issuance of long-term debt — — $0 $0 $7.5b $2.7b $2.9b $153.0m
Long Term Debt Issuance — — — — $8.4b $1.5b $1.6b $153.0m
Net Issuance Payments Of Debt — — — — $369.0m ($324.0m) $328.0m ($1.5b)
Net Long Term Debt Issuance — — — — $7.2b $926.0m $578.0m ($413.0m)
Net Short Term Debt Issuance — — — — ($6.8b) ($1.2b) ($250.0m) ($1.1b)
Proceeds from Issuance of Long-term Debt — — — $0 $7.5b $2.7b $2.9b $153.0m
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale — — — $20.4b $9.6b $8.9b $16.2b $19.3b
Short Term Debt Issuance — — — $345.0m $1.5b $0 $0 —
Long Term Debt Payments — — — — ($1.2b) ($535.0m) ($982.0m) ($566.0m)
Repayment Of Debt — — — — ($9.5b) ($1.8b) ($1.2b) ($1.7b)
Repayments of Long-term Debt — — — $568.0m $0 — $982.0m —
Repayments of short-term debt — — $0 ($248.0m) ($8.3b) ($1.2b) ($250.0m) ($1.1b)
Short Term Debt Payments — — — — ($8.3b) ($1.2b) ($250.0m) ($1.1b)
Common Stock Issuance — — — — $0 $0 $1.0m $0
Issuance of common stock — — — — $0 $0 $1.0m $0
Net Common Stock Issuance — — — — $0 ($498.0m) ($1.8b) ($2.1b)
Proceeds from Issuance of Common Stock — — — — $0 $0 $1.0m $0
Common Stock Payments — — — — $0 ($498.0m) ($1.8b) ($2.1b)
Payments for Repurchase of Common Stock — — — $0 $0 $498.0m $1.8b $2.1b
Payments of Ordinary Dividends, Common Stock — — — $0 $876.0m $1.7b $544.0m $511.0m
Repurchase of common stock — — — $0 $0 ($498.0m) ($1.8b) ($2.1b)
Contributions from noncontrolling interests — — $317.0m $296.0m $146.0m $96.0m $70.0m $51.0m
Distributions to noncontrolling interests — — ($454.0m) ($1.6b) ($477.0m) ($91.0m) ($199.0m) ($132.0m)
Proceeds from Noncontrolling Interests — — — $296.0m $146.0m $96.0m $70.0m $51.0m
Cash Dividends Paid — — — — ($876.0m) ($1.7b) ($544.0m) ($511.0m)
Common Stock Dividend Paid — — — — ($876.0m) ($1.7b) ($544.0m) ($511.0m)
Dividends paid on common stock — — $0 $0 ($876.0m) ($1.7b) ($544.0m) ($511.0m)
Net Other Financing Charges — — — — $5.8b $5.2b $11.0b $13.1b
Proceeds from (Payments for) Other Financing Activities — — — $81.0m $299.0m $139.0m ($267.0m) ($599.0m)
Net cash used by financing activities ($4.3m) ($19.3m) — — — — — —
Net Cash Provided by (Used in) Financing Activities — — $4.7b ($809.0m) $4.6b $2.1b $9.6b $10.9b
Effect Of Exchange Rate Changes — — — — ($10.0m) $3.0m $1.0m $1.0m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — ($2.0m) ($10.0m) $3.0m $1.0m $1.0m
Effect of exchange rate changes on cash and restricted cash — — $7.0m ($2.0m) ($10.0m) $3.0m $1.0m $1.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — ($317.0m) $32.0m ($2.0m) $196.0m ($371.0m)
Net increase (decrease) in cash and cash equivalents $5.2m ($11.8m) — — — — — —
Net increase (decrease) in cash and restricted cash — — $91.0m ($317.0m) $32.0m ($2.0m) $196.0m ($371.0m)
Cash and cash equivalents at beginning of year $24.7m $30.0m — — — — — —
Cash and restricted cash at beginning of year — — $918.0m $601.0m $633.0m $628.0m $824.0m $453.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $601.0m $633.0m $628.0m $824.0m $453.0m
Restricted cash included in short-term investments — — — $57.0m $69.0m $3.0m $4.0m $4.0m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — $32.0m ($2.0m) $196.0m ($371.0m)
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — $364.0m $472.0m $583.0m $538.0m $584.0m
Income Taxes Paid, Net — — — $1.9b $1.1b $20.0m $252.0m $192.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.