Revenue: As of FY2025 Q3, the actual value is USD 5.626 B.EPS: As of FY2025 Q3, the actual value is USD 0.27.<h3>Individual Retirement</h3><ul><li>Premiums and Deposits: Increased by $444 million, or 9%, over the prior year quarter, primarily driven by growth in fixed index annuity and RILA deposits.</li><li>Adjusted Pre-tax Operating Income (APTOI): Decreased by $96 million from the prior year quarter due to lower spread income primarily driven by lower variable investment income (VII), higher commissions, and deferred acquisition cost (DAC) amortization associated with growth.</li></ul><h3>Group Retirement</h3><ul><li>Premiums and Deposits: Decreased by $201 million, or 10%, from the prior year quarter, primarily driven by lower out-of-plan annuity deposits.</li><li>Core Sources of Income: Increased by 1% over the prior year quarter, driven by growth in fee income.</li><li>APTOI: Decreased by $3 million, or 2%, from the prior year quarter primarily driven by higher one-time expenses.</li></ul><h3>Life Insurance</h3><ul><li>Premiums and Deposits: Decreased by $15 million, or 2%, from the prior year quarter primarily due to impact of lower new business sales.</li><li>Underwriting Margin: Excluding VII, decreased by 16% from the prior year quarter, largely due to a $62 million favorable reinsurance recapture in the prior year period.</li><li>APTOI: Decreased by $131 million, or 84%, from the prior year quarter. Excluding VII, the annual actuarial assumption update, and the aforementioned recaptures, APTOI decreased by 8% from the prior year quarter primarily due to higher one-time expenses.</li></ul><h3>Institutional Markets</h3><ul><li>Premiums and Deposits: Increased by $2.9 billion, or 230%, over the prior year quarter, primarily driven by new GIC issuances and new PRT transactions.</li><li>Total Sources of Income: Decreased by 1% from the prior year quarter, primarily due to lower underwriting margin driven by the prior year impact from the favorable reinsurance recapture offset by higher spread income.</li><li>APTOI: Decreased by $20 million, or 13%, from the prior year quarter, primarily due to lower underwriting margin. Excluding VII, aforementioned recaptures, and the annual actuarial assumption updates, APTOI increased by 3% over the prior year quarter due to higher spread income.</li></ul><h3>Corporate and Other</h3><ul><li>APTOI Loss: Increased by $17 million from the prior year quarter primarily due to higher interest expense and a one-time gain associated with the sale from a legacy investment in the prior year quarter.</li></ul><h3>Outlook / Guidance</h3>Corebridge Financial anticipates continued profitable growth, supported by a strong balance sheet and diversified income sources. The company remains committed to achieving strategic objectives and maintaining financial flexibility. Future prospects are bolstered by a high-quality investment portfolio and minimal legacy liabilities.

Corebridge Financial, Inc. | 8-K: FY2025 Q3 Revenue: USD 5.626 B