v3.24.1.u1
Condensed Consolidated Statements of Income (Loss) (unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Premiums $ 2,295 $ 2,105
Policy fees 714 698
Total net investment income 2,924 2,695
Net realized losses:    
Total net realized losses (320) (1,458)
Advisory fee income 124 116
Other income 99 106
Total revenues 5,836 4,262
Benefits and expenses:    
Policyholder benefits (includes remeasurement losses of $100 and $64 for the three months ended March 31, 2024 and 0, respectively) 2,807 2,495
Change in the fair value of market risk benefits, net (369) 196
Interest credited to policyholder account balances 1,199 1,026
Amortization of deferred policy acquisition costs and value of business acquired 267 256
Non-deferrable insurance commissions 143 136
Advisory fee expenses 68 65
General operating expenses 572 582
Interest expense 138 172
Net (gain) loss on divestitures (5) 3
Total benefits and expenses 4,820 4,931
Income (loss) before income tax expense (benefit) 1,016 (669)
Income tax expense (benefit) 189 (216)
Net income (loss) 827 (453)
Less:    
Net income (loss) attributable to noncontrolling interests (51) 6
Net income (loss) attributable to Corebridge $ 878 $ (459)
Income (loss) per common share attributable to Corebridge common shareholders:    
Basic (in dollars per share) $ 1.41 $ (0.70)
Diluted (in dollars per share) $ 1.41 $ (0.70)
Weighted averages shares outstanding:    
Basic (in shares) 624.0 650.8
Diluted (in shares) 624.9 650.8
Excluding Fortitude Re Funds withheld assets    
Revenues:    
Total net investment income $ 2,592 $ 2,301
Net realized losses:    
Total net realized losses (178) (453)
Fortitude Re funds withheld assets    
Revenues:    
Total net investment income 332 394
Net realized losses:    
Total net realized losses (164) 20
Fortitude Re funds withheld embedded derivative    
Net realized losses:    
Total net realized losses $ 22 $ (1,025)