---
title: "Corebridge Financial | 10-Q: FY2026 Q1 Revenue: USD 3.964 B"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285400433.md"
datetime: "2026-05-06T14:56:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285400433.md)
  - [en](https://longbridge.com/en/news/285400433.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285400433.md)
---

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

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.

### Overall Financial Performance

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.

### Cash Flow

#### Operating Cash Flow

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.

#### Investing Activities

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.

#### Financing Activities

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.

### Segment Performance (Three Months Ended March 31, 2026 vs. 2025)

#### Individual Retirement Segment

-   **Premiums**: $16 million (2026) vs. $17 million (2025).
-   **Policy fees**: $77 million (2026) vs. $67 million (2025).
-   **Net investment income**: $1,535 million (2026) vs. $1,419 million (2025).
-   **Total adjusted revenues**: $1,628 million (2026) vs. $1,503 million (2025).
-   **Adjusted pre-tax operating income (loss)**: $415 million (2026) vs. $454 million (2025).

#### Group Retirement Segment

-   **Premiums**: $1 million (2026) vs. $4 million (2025).
-   **Policy fees**: $109 million (2026) vs. $108 million (2025).
-   **Net investment income**: $433 million (2026) vs. $485 million (2025).
-   **Total adjusted revenues**: $641 million (2026) vs. $684 million (2025).
-   **Adjusted pre-tax operating income (loss)**: $140 million (2026) vs. $195 million (2025).

#### Life Insurance Segment

-   **Premiums**: $361 million (2026) vs. $340 million (2025).
-   **Policy fees**: $356 million (2026) vs. $364 million (2025).
-   **Net investment income**: $324 million (2026) vs. $336 million (2025).
-   **Total adjusted revenues**: $1,042 million (2026) vs. $1,041 million (2025).
-   **Adjusted pre-tax operating income (loss)**: $96 million (2026) vs. $108 million (2025).

#### Institutional Markets Segment

-   **Premiums**: $9 million (2026) vs. $500 million (2025).
-   **Policy fees**: $52 million (2026) vs. $50 million (2025).
-   **Net investment income**: $698 million (2026) vs. $589 million (2025).
-   **Total adjusted revenues**: $760 million (2026) vs. $1,140 million (2025).
-   **Adjusted pre-tax operating income (loss)**: $143 million (2026) vs. $137 million (2025).

#### Corporate & Other Segment

-   **Net investment income**: -$1 million (2026) vs. $12 million (2025).
-   **Net realized gains (losses)**: $9 million (2026) vs. $13 million (2025).
-   **Interest expense**: $124 million (2026) vs. $140 million (2025).
-   **Adjusted pre-tax operating income (loss)**: -$165 million (2026) vs. -$184 million (2025).

### Strategic Outlook

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.

### Related Stocks

- [CRBG.US](https://longbridge.com/en/quote/CRBG.US.md)

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