Corebridge Financial, Inc. (CRBG) Balance Sheet
CRBG balance sheet, 2025
December 31, 2025 · U.S. dollars$413.55B assets = $399.59B liabilities + $13.96B equity
Both columns are drawn to the same scale: what CRBG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CRBG financial health
Descriptive bands, not a rating. Fiscal 2025.
CRBG balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $382.48B2019 | $413.55B2025 | +1.3%/yr | |
| Total liabilities | $11.08B2019 | $399.59B2025 | +81.8%/yr | |
| Shareholders’ equity | $371.40B2019 | $13.20B2025 | −42.7%/yr | |
| Cash & short-term investments | $596.0M2019 | $66.54B2025 | +119.4%/yr | |
| Total debt | $11.08B2019 | $10.91B2025 | −0.3%/yr | |
| Net cash (debt) | −$10.48B2019 | $55.63B2025 | +$66.1B | |
| Working capital | −$39.22B2019 | $43.54B2025 | +$82.8B | |
| Book value per share | $575.812019 | $24.482025 | −40.9%/yr | |
| Current ratio | 0.012019 | 2.842025 | +2.83 | |
| Debt / equity | 0.032019 | 0.832025 | +0.80 | |
| Shares outstanding | 645.0M2019 | 539.3M2025 | −2.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CRBG assets
CRBG liabilities and equity
CRBG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CRBG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $66.54B | $63.92B | $171.47B | $161.75B | $204.58B | $207.83B | $596.0M |
| Cash & equivalents | $447.0M | $806.0M | $612.0M | $552.0M | $537.0M | $654.0M | $596.0M |
| Short-term investments | $66.09B | $63.11B | $170.86B | $161.19B | $204.04B | $207.18B | — |
| Receivables | $648.0M | $713.0M | $594.0M | $916.0M | $884.0M | $860.0M | $645.0M |
| Inventory | $0 | $0 | −$172.07B | −$7.84B | −$166.08B | −$170.49B | $0 |
| Other current assets | $0 | $0 | $172.07B | $7.84B | $8.66B | $12.64B | $0 |
| Total current assets | $67.19B | $64.63B | $172.07B | $162.66B | $48.04B | $50.84B | $596.0M |
| Property, plant & equipment (net) | $0 | $0 | −$16.90B | $36.0M | $51.0M | $63.0M | $0 |
| Goodwill & intangible assets | $8.88B | $10.29B | $10.01B | $10.56B | $8.06B | $7.36B | $8.07B |
| Long-term investments | $200.54B | $181.14B | $175.50B | $221.93B | $206.36B | $208.56B | $0 |
| Other non-current assets | $136.93B | $133.34B | $38.59B | $0 | $153.70B | $143.32B | $373.81B |
| Total assets | $413.55B | $389.40B | $379.27B | $364.22B | $416.21B | $410.15B | $382.48B |
| Liabilities | |||||||
| Accounts payable | — | — | $25.96B | $26.55B | $35.14B | $36.79B | — |
| Short-term debt | $9.36B | $1.10B | $250.0M | $1.50B | $8.32B | — | — |
| Deferred revenue | — | — | — | $9.16B | $31.40B | — | — |
| Total current liabilities | $23.65B | $1.10B | $250.0M | $1.50B | $43.46B | $36.79B | $39.82B |
| Long-term debt | $10.91B | $11.29B | $11.62B | $34.42B | $7.36B | $11.25B | $0 |
| Other long-term liabilities | $365.03B | $364.68B | $354.76B | $0 | $336.46B | $322.29B | $11.08B |
| Total liabilities | $399.59B | $377.07B | $366.63B | $355.07B | $387.28B | $370.32B | $11.08B |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $7.0M | $7.0M | $6.0M | $6.0M | $6.0M | $6.0M | $22.48B |
| Retained earnings (deficit) | $18.37B | $19.26B | $17.57B | $16.12B | $8.86B | $0 | — |
| Accumulated other comprehensive income | −$9.45B | −$13.68B | −$13.46B | −$15.95B | $10.17B | $14.65B | $9.33B |
| Minority interest | $759.0M | $864.0M | $869.0M | $939.0M | — | — | — |
| Total shareholders' equity | $13.20B | $11.46B | $11.77B | $9.15B | $27.09B | $37.23B | $371.40B |
| Key figures | |||||||
| Total debt | $10.91B | $12.39B | $11.87B | $35.92B | $15.68B | $11.25B | $11.08B |
| Net cash (debt) | $55.63B | $51.52B | $159.60B | $125.83B | $188.90B | $196.58B | −$10.48B |
| Working capital | $43.54B | $63.53B | $171.82B | $161.16B | $4.58B | $14.05B | −$39.22B |
| Tangible book value | $4.32B | $1.17B | $1.75B | −$1.41B | $19.03B | $29.87B | $363.33B |
| Book value per share | $24.48 | $19.13 | $18.24 | $14.13 | $41.99 | $57.72 | $575.81 |
| Shares outstanding | 539.3M | 599.2M | 645.2M | 647.4M | 645.0M | 645.0M | 645.0M |
| Current ratio | 2.84 | 58.70 | 688.28 | 108.44 | 1.11 | 1.38 | 0.01 |
| Quick ratio | 2.84 | 58.70 | 688.28 | 108.44 | 4.73 | 5.67 | 0.03 |
| Debt / equity | 0.83 | 1.08 | 1.01 | 3.93 | 0.58 | 0.30 | 0.03 |
| Equity / assets | 3.2% | 2.9% | 3.1% | 2.5% | 6.5% | 9.1% | 97.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $4.94B | $373.0M | $66.54B | $64.47B | $63.23B | $65.22B | $63.92B | $66.00B | $64.50B | $61.52B | $171.47B | $156.68B |
| Cash & equivalents | $353.0M | $373.0M | $447.0M | $316.0M | $290.0M | $393.0M | $806.0M | $530.0M | $637.0M | $410.0M | $612.0M | $569.0M |
| Short-term investments | $4.59B | $4.73B | $66.09B | $64.15B | $62.94B | $64.83B | $63.11B | $65.47B | $63.86B | $61.12B | $170.86B | $156.11B |
| Receivables | $2.88B | $534.0M | $648.0M | $621.0M | $674.0M | $668.0M | $713.0M | $690.0M | $620.0M | $586.0M | $594.0M | $717.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$11.27B | −$54.30B | −$52.38B | −$172.07B | −$116.24B |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11.27B | $54.30B | $52.38B | $172.07B | $116.24B |
| Total current assets | $7.82B | $907.0M | $67.19B | $65.09B | $63.90B | $65.89B | $64.63B | $66.69B | $65.12B | $62.11B | $172.07B | $157.39B |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $78.95B | −$10.05B | $20.0M | −$9.97B |
| Goodwill & intangible assets | $8.84B | $0 | $8.88B | $8.81B | $10.44B | $10.33B | $10.29B | $10.20B | $10.13B | $10.05B | $10.01B | $9.97B |
| Long-term investments | $199.38B | $198.94B | $200.54B | $197.15B | $189.75B | $186.87B | $181.14B | $188.70B | $177.43B | $177.69B | $175.50B | $160.42B |
| Other non-current assets | $199.76B | $181.55B | $136.93B | $140.25B | $135.08B | $126.94B | $133.34B | $133.83B | $50.86B | $145.78B | $21.67B | $37.78B |
| Total assets | $415.79B | $381.40B | $413.55B | $411.29B | $399.16B | $390.02B | $389.40B | $399.42B | $382.49B | $385.59B | $379.27B | $355.59B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | $25.91B | $24.94B | $25.32B | $25.96B | $24.34B |
| Short-term debt | $1.25B | — | $9.36B | $9.36B | $101.0M | $1.10B | $1.10B | — | $250.0M | $250.0M | $250.0M | $1.00B |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | — | $2.54B |
| Total current liabilities | $1.25B | — | $23.65B | $23.98B | $101.0M | $1.10B | $1.10B | −$1.95B | $250.0M | $250.0M | $250.0M | $1.00B |
| Long-term debt | $9.62B | $10.92B | $10.91B | $11.02B | $11.25B | $11.21B | $11.29B | $12.01B | $11.48B | $11.65B | $11.62B | $10.97B |
| Other long-term liabilities | $393.55B | $358.94B | $365.03B | $361.97B | $374.64B | $364.87B | $364.68B | $372.97B | $358.94B | $361.30B | $354.76B | $334.37B |
| Total liabilities | $404.42B | $369.86B | $399.59B | $396.97B | $385.99B | $377.19B | $377.07B | $384.98B | $370.68B | $373.20B | $366.63B | $346.34B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $7.0M | $6.0M | $6.0M |
| Retained earnings (deficit) | $18.07B | $18.20B | $18.37B | $17.68B | $17.67B | $18.46B | $19.26B | $17.22B | $18.54B | $18.31B | $17.57B | $19.77B |
| Accumulated other comprehensive income | −$10.17B | −$10.43B | −$9.45B | −$9.03B | −$10.63B | −$12.05B | −$13.68B | −$9.88B | −$14.51B | −$14.14B | −$13.46B | −$19.29B |
| Minority interest | $722.0M | $736.0M | $759.0M | $780.0M | $867.0M | — | — | — | — | — | — | — |
| Total shareholders' equity | $10.65B | $10.80B | $13.20B | $13.54B | $12.30B | $11.98B | $11.46B | $13.61B | $11.00B | $11.58B | $11.77B | $8.37B |
| Key figures | ||||||||||||
| Total debt | $10.87B | $10.92B | $10.91B | $11.02B | $11.35B | $12.31B | $12.39B | $12.01B | $11.73B | $11.90B | $11.87B | $11.97B |
| Net cash (debt) | −$5.93B | −$10.55B | $55.63B | $53.45B | $51.88B | $52.90B | $51.52B | $53.99B | $52.76B | $49.63B | $159.60B | $144.71B |
| Working capital | $6.57B | — | $43.54B | $41.11B | $63.80B | $64.78B | $63.53B | $68.64B | $64.87B | $61.86B | $171.82B | $156.39B |
| Tangible book value | $1.81B | $10.80B | $4.32B | $4.73B | $1.87B | $1.65B | $1.17B | $3.40B | $863.0M | $1.53B | $1.75B | −$1.61B |
| Book value per share | $23.45 | $22.82 | $25.78 | $25.05 | $22.36 | $21.47 | $20.07 | $23.18 | $17.95 | $18.52 | $18.59 | $13.05 |
| Shares outstanding | 454.2M | 473.5M | 512.1M | 540.6M | 550.3M | 558.0M | 571.0M | 587.1M | 612.6M | 624.9M | 633.0M | 641.0M |
| Current ratio | 6.25 | — | 2.84 | 2.71 | 632.70 | 59.84 | 58.70 | — | 260.46 | 248.44 | 688.28 | 157.39 |
| Quick ratio | 6.25 | — | 2.84 | 2.71 | 632.70 | 59.84 | 58.70 | — | 260.46 | 248.44 | 688.28 | 157.39 |
| Debt / equity | 1.02 | 1.01 | 0.83 | 0.81 | 0.92 | 1.03 | 1.08 | 0.88 | 1.07 | 1.03 | 1.01 | 1.43 |
| Equity / assets | 2.6% | 2.8% | 3.2% | 3.3% | 3.1% | 3.1% | 2.9% | 3.4% | 2.9% | 3.0% | 3.1% | 2.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 11, 2026); data from EODHD.
CRBG financial position
At the end of fiscal 2025 (December 31, 2025), Corebridge Financial had total assets of $413.5 billion (up 6.2% from a year earlier), total liabilities of $399.6 billion and shareholders' equity of $13.2 billion. It held $66.5 billion in cash and short-term investments against $10.9 billion of debt, a net cash position of $55.6 billion. Its current ratio was 2.84. In the latest quarter (ended June 30, 2026) total assets were $415.8 billion and equity $10.7 billion.
Related: CRBG income statement, CRBG cash flow statement, CRBG key metrics. See the CRBG stock overview for the latest quote and news.
CRBG balance sheet FAQ
What are Corebridge Financial's total assets?
Corebridge Financial reported total assets of $413.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $389.4 billion a year earlier.
How much debt does Corebridge Financial have?
Corebridge Financial had $10.9 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.83.
How much cash does Corebridge Financial have?
Corebridge Financial held $66.5 billion in cash and short-term investments at the end of fiscal 2025; with $10.9 billion of debt that is net cash of $55.6 billion.
What is Corebridge Financial's book value?
Corebridge Financial's shareholders' equity (book value) was $13.2 billion at the end of fiscal 2025, or $24.48 per share.
What is Corebridge Financial's current ratio?
Corebridge Financial had current assets of $67.2 billion and current liabilities of $23.6 billion, a current ratio of 2.84 (it can cover its short-term obligations).
How much goodwill does Corebridge Financial have?
Corebridge Financial carried $8.9 billion of goodwill and intangible assets, 2.1% of total assets, at the end of fiscal 2025.