Corebridge Financial Inc.

11/04/2025 | Press release | Distributed by Public on 11/04/2025 11:31

Quarterly Report for Quarter Ending September 30, 2025 (Form 10-Q)

Item 2| Management's Discussion and Analysis of Financial Condition and Results of Operations

Glossary and Acronyms of Selected Insurance Terms and References
Throughout this Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A"), we use certain terms and abbreviations, which are summarized in the Glossary and Acronyms in the 2024 Form 10-K.
Corebridge has incorporated into this discussion a number of cross-references to additional information included throughout this Quarterly Report to assist readers seeking additional information related to a particular subject.
In this Quarterly Report, unless otherwise mentioned or unless the context indicates otherwise, we use the terms "Corebridge," "we," "us" and "our" to refer to Corebridge Financial, Inc., a Delaware corporation, and its consolidated subsidiaries. We use the term "Corebridge Parent" to refer solely to Corebridge Financial, Inc., and not to any of its consolidated subsidiaries.
This MD&A addresses the consolidated financial condition of Corebridge as of September 30, 2025, compared with December 31, 2024, and its consolidated results of operations for the three and nine months ended September 30, 2025 and 2024. In addition to historical data, this discussion contains forward-looking statements about our business operations and financial performance based on current expectations that involve risks, uncertainties and assumptions. Actual results may differ materially from those discussed in the forward-looking statements as a result of various factors. You should read the following analysis of our consolidated financial condition and results of operations in conjunction with the(unaudited)Condensed Consolidated Financial Statements and the statements under "Cautionary Statements Regarding Forward-Looking Information," included elsewhere in this Quarterly Report and the "Management's Discussion and Analysis of Results of Operations and Financial Condition," and the "Risk Factors" section in the 2024 Form 10-K.
Corebridge | Third Quarter 2025 Form 10-Q 81
TABLE OF CONTENTS
Index to Item 2
Page
Executive Summary
Overview
Revenues
Benefits and Expenses
Significant Factors Impacting our Results
Corebridge's Outlook - Macroeconomic, Industry and Regulatory Trends
Use of Non-GAAP Measures
Key Operating Metrics
Consolidated Results of Operations
Business Segment Operations
Individual Retirement
Group Retirement
Life Insurance
Institutional Markets
Corporate and Other
Investments
Overview
Key Investment Strategies
Credit Ratings
Update of Actuarial Assumptions and Models
Liquidity and Capital Resources
Overview
Liquidity and Capital Resources of Corebridge Parent and Intermediate Holding Companies
Liquidity and Capital Resources of Corebridge Insurance Subsidiaries
Short-Term and Long-Term Debt
Credit Ratings
Off-Balance Sheet Arrangements and Commercial Commitments
Accounting Policies and Pronouncements
Critical Accounting Estimates
Adoption of Accounting Pronouncements
Glossary
Certain Important Terms
Acronyms
Corebridge | Third Quarter 2025 Form 10-Q 82
TABLE OF CONTENTS
Corebridge Financial Inc. published this content on November 04, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on November 04, 2025 at 17:31 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]