Corebridge Financial (CRBG) FY2024 results: revenue $18.7 billion, down 0.5% on the year
Corebridge Financial, Inc. (CRBG) reported revenue of $18.7 billion for fiscal 2024, the year ended 31 December 2024, down 0.5% on the year before. Net income was $2.2 billion, up 102.0%, and diluted earnings per share $3.72. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.
Revenue
$18.7 billion
-0.5% on the year
FY2020FY2024
Operating margin
15.0%
5.0% a year earlier
FY2020FY2024
Net income
$2.2 billion
+102.0% on the year
FY2020FY2024
Diluted EPS
$3.72
+117.5% on the year
FY2020FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,151
3,357
2,621
-35.9%
Cash from investing
-11,536
-5,476
-7,253
Cash from financing
9,580
2,114
4,674
+353.2%
Depreciation and amortisation
193
366
585
-47.3%
Share-based compensation
58.0
60.0
75.0
-3.3%
Buybacks
1,792
498
0.0
+259.8%
Dividends paid
544
1,722
876
-68.4%
Diluted shares, weighted
599m
645m
647m
-7.1%
Shares outstanding at period end
561m
622m
645m
-9.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
11,462
11,766
9,380
-2.6%
Non-controlling interest
864
869
939
-0.6%
Redeemable equity
n/a
n/a
0.0
Debt
12,392
11,872
15,326
+4.4%
Other liabilities
364,679
354,763
334,677
+2.8%
Total liabilities and equity
389,397
379,270
360,322
+2.7%
Fixed assets
n/a
n/a
440
Goodwill
n/a
117
175
Intangible assets
n/a
0.0
12.0
Securities held for sale or to maturity
170,840
166,527
156,793
+2.6%
Loans
52,768
46,867
44,566
+12.6%
Cash and equivalents
824
628
633
+31.2%
Other assets
164,965
165,131
157,703
-0.1%
Total assets
389,397
379,270
360,322
+2.7%
10-K for the year ended 31 December 2024, filed 13 February 2025: the filing.