v3.24.2.u1
Condensed Consolidated Statements of Income (Loss) (unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Premiums $ 547 $ 2,443 $ 2,842 $ 4,548
Policy fees 721 694 1,435 1,392
Total net investment income 2,988 2,714 5,912 5,409
Net realized losses:        
Total net realized losses (747) (320) (1,067) (1,778)
Advisory fee income 124 115 248 231
Other income 77 111 176 217
Total revenues 3,710 5,757 9,546 10,019
Benefits and expenses:        
Policyholder benefits (includes remeasurement losses of $168 and $157 for the six months ended June 30, 2024 and 2023, respectively) 1,049 2,876 3,856 5,371
Change in the fair value of market risk benefits, net 25 (262) (344) (66)
Interest credited to policyholder account balances 1,274 1,078 2,473 2,104
Amortization of deferred policy acquisition costs and value of business acquired 260 258 527 514
Non-deferrable insurance commissions 146 153 289 289
Advisory fee expenses 71 64 139 129
General operating expenses 532 604 1,104 1,186
Interest expense 138 134 276 306
Net (gain) on divestitures (241) (59) (246) (56)
Total benefits and expenses 3,254 4,846 8,074 9,777
Income before income tax expense (benefit) 456 911 1,472 242
Income tax expense (benefit) 115 160 304 (56)
Net income 341 751 1,168 298
Less:        
Net income (loss) attributable to noncontrolling interests (24) (20) (75) (14)
Net income attributable to Corebridge $ 365 $ 771 $ 1,243 $ 312
Income (loss) per common share attributable to Corebridge common shareholders:        
Basic (in dollars per share) $ 0.60 $ 1.18 $ 2.01 $ 0.48
Diluted (in dollars per share) $ 0.59 $ 1.18 $ 2.01 $ 0.48
Weighted average shares outstanding:        
Basic (in shares) 611.6 650.7 617.8 650.8
Diluted (in shares) 612.6 652.2 618.7 652.5
Excluding Fortitude Re Funds Withheld Assets        
Revenues:        
Total net investment income $ 2,663 $ 2,444 $ 5,255 $ 4,745
Net realized losses:        
Total net realized losses (690) (312) (868) (765)
Fortitude Re funds withheld assets        
Revenues:        
Total net investment income 325 270 657 664
Net realized losses:        
Total net realized losses (93) (130) (257) (110)
Fortitude Re funds withheld embedded derivative        
Net realized losses:        
Total net realized losses $ 36 $ 122 $ 58 $ (903)