Corebridge Financial Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	991	2,230	1,104	8,159	8,243	642
Depreciation & Amortization	443	193	366	585	413	325
Gain (Loss) on Sale of Assets	-	-245	-676	1	-3,081	-
Gain (Loss) on Sale of Investments	1,054	1,049	304	377	-1,737	-747
Change in Accounts Receivable	87	-167	-265	40	156	575
Reinsurance Recoverable	1,022	825	675	1,086	307	271
Change in Income Taxes	154	349	-116	912	169	-1,930
Change in Insurance Reserves / Liabilities	421	980	770	996	1,536	1,972
Change in Other Net Operating Assets	-171	-412	1,134	390	-709	614
Other Operating Activities	720	12	1,381	-297	-739	-7
Operating Cash Flow	1,619	2,151	3,357	2,621	2,405	3,327
Operating Cash Flow Growth	12.51%	-35.93%	28.08%	8.98%	-27.71%	36.07%
Cash Acquisitions	-	-	-5	-107	-	-
Investment in Securities	-7,993	-5,707	-2,592	284	-1,176	-9,323
Other Investing Activities	-894	-37	-622	-1,041	-591	939
Investing Cash Flow	-11,211	-11,536	-5,476	-7,253	-1,967	-7,909
Short-Term Debt Issued	-	-	-	1,512	345	-
Long-Term Debt Issued	-	2,127	1,461	8,397	4,692	2,960
Total Debt Issued	-531	2,127	1,461	9,909	5,037	2,960
Total Debt Repaid	-1,857	-1,232	-2,329	-10,187	-5,941	-2,462
Net Debt Issued (Repaid)	-2,388	895	-868	-278	-904	498
Issuance of Common Stock	-	1	-	-	-	-
Repurchases of Common Stock	-1,410	-1,792	-498	-	-	-
Common Dividends Paid	-521	-544	-1,722	-876	-1,577	-472
Total Dividends Paid	-521	-544	-1,722	-876	-1,577	-472
Other Financing Activities	-850	-396	144	-32	-1,234	47
Financing Cash Flow	9,365	9,580	2,114	4,674	-753	4,666
Foreign Exchange Rate Adjustments	2	1	3	-10	-2	7
Miscellaneous Cash Flow Adjustments	-	-	-3	-	-	-
Net Cash Flow	-225	196	-5	32	-317	91
Cash Interest Paid	634	538	583	472	364	279
Cash Income Tax Paid	226	252	20	1,101	1,913	1,915
Levered Free Cash Flow	1,111	1,395	753.38	304.25	8,091	1,934
Unlevered Free Cash Flow	1,465	1,741	1,116	638	8,334	2,240
Change in Working Capital	-1,654	-1,222	801	-6,132	-759	2,964

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.