
(in millions)	Individual Retirement		Group Retirement		Life Insurance		Institutional Markets		Corporate & Other		Eliminations		Total Corebridge		Adjustments		Total Consolidated
Three Months Ended June 30, 2024
Premiums	$	30	$	—	$	331	$	167	$	19	$	—	$	547	$	—	$	547
Policy fees	200		108		366		47		—		—		721		—		721
Net investment income(a)	1,405		487		322		489		18		(5)		2,716		272		2,988
Net realized gains (losses)(a)(b)	—		—		—		—		(9)		—		(9)		(738)		(747)
Advisory fee and other income	108		83		1		1		8		—		201		—		201
Total adjusted revenues	1,743		678		1,020		704		36		(5)		4,176		(466)		3,710
Policyholder benefits	33		(2)		627		394		—		—		1,052		(3)		1,049
Change in the fair value of market risk benefits, net	—		—		—		—		—		—		—		25		25
Interest credited to policyholder account balances	695		300		84		187		—		—		1,266		8		1,274
Amortization of deferred policy acquisition costs	152		21		84		3		—		—		260		—		260
Non-deferrable insurance commissions	94		30		16		5		1		—		146		—		146
Advisory fee expenses	38		32		1		—		—		—		71		—		71
General operating expenses	110		102		113		19		75		—		419		113		532
Interest expense	—		—		—		—		132		(5)		127		11		138

Net (gain) on divestitures	—		—		—		—		—		—		—		(241)		(241)

Total benefits and expenses	1,122		483		925		608		208		(5)		3,341		(87)		3,254
Noncontrolling interests	—		—		—		—		24		—		24
Adjusted pre-tax operating income (loss)	$	621	$	195	$	95	$	96	$	(148)	$	—	$	859
Adjustments to:
Total revenue													(466)
Total expenses													(87)
Noncontrolling interests													(24)
Income before income tax expense (benefit)													$	456			$	456

Three Months Ended June 30, 2023
Premiums	$	66	$	4	$	443	$	1,911	$	20	$	—	$	2,444	$	(1)	$	2,443
Policy fees	172		102		371		49		—		—		694		—		694
Net investment income (loss)(a)	1,224		504		327		407		19		(1)		2,480		234		2,714
Net realized gains (losses)(a)(b)	—		—		—		—		1		—		1		(321)		(320)
Advisory fee and other income	108		76		26		—		16		—		226		—		226
Total adjusted revenues	1,570		686		1,167		2,367		56		(1)		5,845		(88)		5,757
Policyholder benefits	71		6		721		2,081		(3)		—		2,876		—		2,876
Change in the fair value of market risk benefits, net	—		—		—		—		—		—		—		(262)		(262)
Interest credited to policyholder account balances	553		294		85		133		—		—		1,065		13		1,078
Amortization of deferred policy acquisition costs	138		20		98		2		—		—		258		—		258
Non-deferrable insurance commissions	94		33		21		4		1		—		153		—		153
Advisory fee expenses	36		29		(1)		—		—		—		64		—		64
General operating expenses	104		107		167		21		85		—		484		120		604
Interest expense	—		—		—		—		129		—		129		5		134

Net (gain) on divestitures	—		—		—		—		—		—		—		(59)		(59)

Total benefits and expenses	996		489		1,091		2,241		212		—		5,029		(183)		4,846
Noncontrolling interests	—		—		—		—		20		—		20
Adjusted pre-tax operating income (loss)	$	574	$	197	$	76	$	126	$	(136)	$	(1)	$	836
Adjustments to:
Total revenue													(88)
Total expenses													(183)
Noncontrolling interests													(20)
Income before income tax expense (benefit)													$	911			$	911


(in millions)	Individual Retirement		Group Retirement		Life Insurance		Institutional Markets		Corporate & Other		Eliminations		Total Corebridge		Adjustments		Total Consolidated
Six Months Ended June 30, 2024
Premiums	$	71	$	5	$	765	$	1,963	$	38	$	—	$	2,842	$	—	$	2,842
Policy fees	391		215		734		95		—		—		1,435		—		1,435
Net investment income(a)	2,744		982		648		976		8		(13)		5,345		567		5,912
Net realized gains (losses)(a)(b)	—		—		—		—		(17)		—		(17)		(1,050)		(1,067)
Advisory fee and other income	224		166		1		2		31		—		424		—		424
Total adjusted revenues	3,430		1,368		2,148		3,036		60		(13)		10,029		(483)		9,546
Policyholder benefits	69		1		1,375		2,417		—		—		3,862		(6)		3,856
Change in the fair value of market risk benefits, net	—		—		—		—		—		—		—		(344)		(344)
Interest credited to policyholder account balances	1,334		598		167		356		—		—		2,455		18		2,473
Amortization of deferred policy acquisition costs	301		42		178		6		—		—		527		—		527
Non-deferrable insurance commissions	184		59		35		10		1		—		289		—		289
Advisory fee expenses	73		65		1		—		—		—		139		—		139
General operating expenses	226		208		243		39		161		—		877		227		1,104
Interest expense	—		—		—		—		269		(10)		259		17		276

Net (gain) on divestitures	—		—		—		—		—		—		—		(246)		(246)

Total benefits and expenses	2,187		973		1,999		2,828		431		(10)		8,408		(334)		8,074
Noncontrolling interests	—		—		—		—		75		—		75
Adjusted pre-tax operating income (loss)	$	1,243	$	395	$	149	$	208	$	(296)	$	(3)	$	1,696
Adjustments to:
Total revenue													(483)
Total expenses													(334)
Noncontrolling interests													(75)
Income before income tax expense (benefit)													$	1,472			$	1,472

Six Months Ended June 30, 2023
Premiums	$	144	$	10	$	868	$	3,486	$	40	$	—	$	4,548	$	—	$	4,548
Policy fees	346		202		746		98		—		—		1,392		—		1,392
Net investment income(a)	2,352		1,004		644		739		87		(11)		4,815		594		5,409
Net realized gains (losses)(a)(b)	—		—		—		—		5		—		5		(1,783)		(1,778)
Advisory fee and other income	211		152		55		—		30		—		448		—		448
Total adjusted revenues	3,053		1,368		2,313		4,323		162		(11)		11,208		(1,189)		10,019
Policyholder benefits	136		15		1,429		3,799		(3)		—		5,376		(5)		5,371
Change in the fair value of market risk benefits, net	—		—		—		—		—		—		—		(66)		(66)
Interest credited to policyholder account balances	1,072		585		167		256		—		—		2,080		24		2,104
Amortization of deferred policy acquisition costs	275		41		194		4		—		—		514		—		514
Non-deferrable insurance commissions	180		61		38		9		1		—		289		—		289
Advisory fee expenses	70		58		1		—		—		—		129		—		129
General operating expenses	212		225		326		44		176		—		983		203		1,186
Interest expense	—		—		—		—		301		(10)		291		15		306

Net (gain) on divestitures	—		—		—		—		—		—		—		(56)		(56)
Total benefits and expenses	1,945		985		2,155		4,112		475		(10)		9,662		115		9,777
Noncontrolling interests	—		—		—		—		14		—		14
Adjusted pre-tax operating income (loss)	$	1,108	$	383	$	158	$	211	$	(299)	$	(1)	$	1,560
Adjustments to:
Total revenue													(1,189)
Total expenses													115
Noncontrolling interests													(14)
Income before income tax expense (benefit)													$	242			$	242