XNYSCRBG
Market cap17bUSD
Dec 27, Last price
30.02USD
1D
-0.73%
1Q
3.88%
IPO
44.88%
Name
Corebridge Financial Inc
Chart & Performance
P/E
15.47
P/S
0.92
EPS
1.94
Div Yield, %
10.08%
Shrs. gr., 5y
0.01%
Rev. gr., 5y
4.38%
Revenues
18.62b
-30.20%
Net income
1.10b
-86.47%
CFO
3.36b
+24.56%
Dividend
Sep 16, 20240.23 USD/sh
Earnings
Feb 13, 2025
Profile
Corebridge Financial, Inc. provides retirement solutions and insurance products in the United States. It operates through Individual Retirement, Group Retirement, Life Insurance, and Institutional Markets segments. The Individual Retirement segment provides fixed annuities, fixed index annuities, variable annuities and retail mutual funds. The Group Retirement segment offers record-keeping services, plan administration and compliance services, and financial planning and advisory solutions to employer-defined contribution plans and their participants, as well as proprietary and non-proprietary annuities, advisory services, and brokerage products. The Life Insurance segment offers term life and universal life insurance in the United States, as well as issues individual life, whole life, and group life insurance in the United Kingdom; and distributes medical insurance in Ireland. The Institutional Markets segment provides stable value wraps, structured settlement and pension risk transfer annuities, corporate and bank owned life insurance, high net worth 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. operates as a subsidiary of American International Group, Inc.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | |
| Income | ||||||
Revenues | 18,623,000 -30.20% | 26,679,000 14.06% | 23,390,000 55.29% | |||
Cost of revenue | 2,666,000 | 3,201,000 | 15,762,000 | |||
Unusual Expense (Income) | ||||||
NOPBT | 15,957,000 | 23,478,000 | 7,628,000 | |||
NOPBT Margin | 85.68% | 88.00% | 32.61% | |||
Operating Taxes | (96,000) | 1,991,000 | 1,843,000 | |||
Tax Rate | 8.48% | 24.16% | ||||
NOPAT | 16,053,000 | 21,487,000 | 5,785,000 | |||
Net income | 1,104,000 -86.47% | 8,159,000 -1.02% | 8,243,000 851.85% | |||
Dividends | (1,722,000) | (876,000) | (1,577,000) | |||
Dividend yield | 12.32% | 6.75% | ||||
Proceeds from repurchase of equity | (498,000) | |||||
BB yield | 3.56% | |||||
| Debt | ||||||
Debt current | 250,000 | 1,500,000 | 8,317,000 | |||
Long-term debt | 11,648,000 | 13,869,000 | 7,429,000 | |||
Deferred revenue | ||||||
Other long-term liabilities | 355,013,000 | (12,326,000) | 336,460,000 | |||
Net debt | 2,961,000 | (311,508,000) | (395,193,000) | |||
| Cash flow | ||||||
Cash from operating activities | 3,357,000 | 2,695,000 | 2,461,000 | |||
CAPEX | (1,284,000) | |||||
Cash from investing activities | (5,380,000) | (7,253,000) | (1,967,000) | |||
Cash from financing activities | 2,018,000 | 4,600,000 | (809,000) | |||
FCF | 33,063,000 | 20,586,000 | 5,797,000 | |||
| Balance | ||||||
Cash | 612,000 | 161,745,000 | 204,576,000 | |||
Long term investments | 8,325,000 | 165,132,000 | 206,363,000 | |||
Excess cash | 8,005,850 | 325,543,050 | 409,769,500 | |||
Stockholders' equity | 4,989,000 | 1,119,000 | 20,874,000 | |||
Invested Capital | 374,531,000 | 363,098,000 | 360,194,000 | |||
ROIC | 4.35% | 5.94% | 1.62% | |||
ROCE | 4.20% | 6.45% | 2.00% | |||
| EV | ||||||
Common stock shares outstanding | 645,200 | 647,400 | 645,000 | |||
Price | 21.66 7.98% | 20.06 | ||||
Market cap | 13,975,032 7.61% | 12,986,844 | ||||
EV | 17,805,032 | (297,582,156) | ||||
EBITDA | 16,323,000 | 24,499,000 | 8,190,000 | |||
EV/EBITDA | 1.09 | |||||
Interest | 580,000 | 534,000 | 389,000 | |||
Interest/NOPBT | 3.63% | 2.27% | 5.10% | |||