Earnings Per Common Share

3 Months Ended

Mar. 31, 2024

18. Earnings Per Common Share

The basic earnings per common share (“EPS”) computation is based on the weighted average number of common shares outstanding, adjusted to reflect all stock splits. The diluted EPS computation is based on those shares used in the basic EPS computation plus common shares that would have been outstanding assuming issuance of common shares for all dilutive potential common shares outstanding and adjusted to reflect all stock splits, using the treasury stock method.

The following table presents the computation of basic and diluted EPS for the three months ended March 31, 2024 and 2023:


	Three Months Ended March 31,
(in millions, except per common share data)		2024		2023
Numerator for EPS:
Net income (loss)		$	827	$	(453)
Less: Net income (loss) attributable to noncontrolling interests		(51)		6
Net income (loss) attributable to Corebridge common shareholders		$	878	$	(459)

Denominator for EPS:
Weighted average common shares outstanding - basic		624.0		650.8
Dilutive common shares		0.9		—
Weighted average common shares outstanding - diluted		624.9		650.8

Income per common share attributable to Corebridge common shareholders
Common stock - basic		$	1.41	$	(0.70)
Common stock - diluted		$	1.41	$	(0.70)

* Potential dilutive common shares include our share-based employee compensation plans. The number of common shares excluded from dilutive shares outstanding was approximately 0.4 million and 2.5 million for the three months ended March 31, 2024 and 2023, respectively, because the effect of including those common shares in the calculation would have been anti-dilutive.