Revenue: As of FY2026 Q1, the actual value is USD 3.964 B.EPS: As of FY2026 Q1, the actual value is USD -0.11, missing the estimate of USD 1.0127.EBIT: As of FY2026 Q1, the actual value is USD 357 M.<h3>Overall Financial Performance</h3>Corebridge Financial, Inc. reported a net loss of -$53 million for the three months ended March 31, 2026, which is a significant improvement from the -$664 million net loss in the prior year period. Total revenues increased to $3,964 million in the first quarter of 2026 from $3,572 million in the first quarter of 2025. Concurrently, total benefits and expenses decreased to $3,867 million from $4,434 million over the same periods. <h3>Cash Flow</h3><h4>Operating Cash Flow</h4>Net cash used in operating activities was -$9 million for the three months ended March 31, 2026, compared to net cash provided by operating activities of $375 million for the same period in 2025. <h4>Investing Activities</h4>Net cash used in investing activities was -$2,533 million for the three months ended March 31, 2026, an improvement from -$3,873 million in the prior year period. <h4>Financing Activities</h4>Net cash provided by financing activities was $2,467 million for the three months ended March 31, 2026, compared to $3,074 million for the three months ended March 31, 2025. <h3>Segment Performance (Three Months Ended March 31, 2026 vs. 2025)</h3><h4>Individual Retirement Segment</h4><ul><li>Premiums: $16 million (2026) vs. $17 million (2025). </li><li>Policy fees: $77 million (2026) vs. $67 million (2025). </li><li>Net investment income: $1,535 million (2026) vs. $1,419 million (2025). </li><li>Total adjusted revenues: $1,628 million (2026) vs. $1,503 million (2025). </li><li>Adjusted pre-tax operating income (loss): $415 million (2026) vs. $454 million (2025). </li></ul><h4>Group Retirement Segment</h4><ul><li>Premiums: $1 million (2026) vs. $4 million (2025). </li><li>Policy fees: $109 million (2026) vs. $108 million (2025). </li><li>Net investment income: $433 million (2026) vs. $485 million (2025). </li><li>Total adjusted revenues: $641 million (2026) vs. $684 million (2025). </li><li>Adjusted pre-tax operating income (loss): $140 million (2026) vs. $195 million (2025). </li></ul><h4>Life Insurance Segment</h4><ul><li>Premiums: $361 million (2026) vs. $340 million (2025). </li><li>Policy fees: $356 million (2026) vs. $364 million (2025). </li><li>Net investment income: $324 million (2026) vs. $336 million (2025). </li><li>Total adjusted revenues: $1,042 million (2026) vs. $1,041 million (2025). </li><li>Adjusted pre-tax operating income (loss): $96 million (2026) vs. $108 million (2025). </li></ul><h4>Institutional Markets Segment</h4><ul><li>Premiums: $9 million (2026) vs. $500 million (2025). </li><li>Policy fees: $52 million (2026) vs. $50 million (2025). </li><li>Net investment income: $698 million (2026) vs. $589 million (2025). </li><li>Total adjusted revenues: $760 million (2026) vs. $1,140 million (2025). </li><li>Adjusted pre-tax operating income (loss): $143 million (2026) vs. $137 million (2025). </li></ul><h4>Corporate &amp; Other Segment</h4><ul><li>Net investment income: -$1 million (2026) vs. $12 million (2025). </li><li>Net realized gains (losses): $9 million (2026) vs. $13 million (2025). </li><li>Interest expense: $124 million (2026) vs. $140 million (2025). </li><li>Adjusted pre-tax operating income (loss): -$165 million (2026) vs. -$184 million (2025). </li></ul><h3>Strategic Outlook</h3>Corebridge Financial, Inc. announced a definitive agreement with Equitable Holdings, Inc. on March 26, 2026, to combine in an all-stock merger, forming a new parent company. Existing Corebridge Financial, Inc. shareholders will receive 1.0000 shares of the new parent company’s common stock for each share owned, collectively holding approximately 51% of the combined entity. This transaction is expected to close by year-end 2026, subject to regulatory and shareholder approvals.

Corebridge Financial | 10-Q: FY2026 Q1 Revenue: USD 3.964 B