Corebridge Financial Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-366	2,230	1,104	8,159	8,243
Depreciation & Amortization	556	193	366	585	413
Gain (Loss) on Sale of Assets	-	-245	-676	1	-3,081
Gain (Loss) on Sale of Investments	1,051	1,049	304	377	-1,737
Change in Accounts Receivable	174	-167	-265	40	156
Reinsurance Recoverable	1,024	825	675	1,086	307
Change in Income Taxes	-343	349	-116	912	169
Change in Insurance Reserves / Liabilities	630	980	770	996	1,536
Change in Other Net Operating Assets	-523	-412	1,134	390	-709
Other Operating Activities	1,781	12	1,381	-297	-739
Operating Cash Flow	2,021	2,151	3,357	2,621	2,405
Operating Cash Flow Growth	-6.04%	-35.93%	28.08%	8.98%	-27.71%
Cash Acquisitions	-	-	-5	-107	-
Investment in Securities	-11,565	-5,707	-2,592	284	-1,176
Other Investing Activities	-803	-37	-622	-1,041	-591
Investing Cash Flow	-13,332	-11,536	-5,476	-7,253	-1,967
Short-Term Debt Issued	-	-	-	1,512	345
Long-Term Debt Issued	1,619	2,127	1,461	8,397	4,692
Total Debt Issued	1,619	2,127	1,461	9,909	5,037
Total Debt Repaid	-1,667	-1,232	-2,329	-10,187	-5,941
Net Debt Issued (Repaid)	-48	895	-868	-278	-904
Issuance of Common Stock	-	1	-	-	-
Repurchases of Common Stock	-2,118	-1,792	-498	-	-
Issuance of Preferred Stock	493	-	-	-	-
Common Dividends Paid	-511	-544	-1,722	-876	-1,577
Total Dividends Paid	-511	-544	-1,722	-876	-1,577
Other Financing Activities	-680	-396	144	-32	-1,234
Financing Cash Flow	10,939	9,580	2,114	4,674	-753
Foreign Exchange Rate Adjustments	1	1	3	-10	-2
Miscellaneous Cash Flow Adjustments	-	-	-3	-	-
Net Cash Flow	-371	196	-5	32	-317
Cash Interest Paid	584	538	583	472	364
Cash Income Tax Paid	192	252	20	1,101	1,913
Levered Free Cash Flow	-426.63	1,588	752.38	304.25	8,091
Unlevered Free Cash Flow	-81.63	1,934	1,115	638	8,334
Change in Working Capital	-1,063	-1,222	801	-6,132	-759

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