Filing Flows › Corebridge Financial (CRBG) › Q1 2025
Corebridge Financial (CRBG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Corebridge Financial (CRBG) reported revenue of $3.6B for the first quarter 2025 (Q1 2025), -39% from a year earlier and -46% from the quarter before. Operating margin was -24.1%, net loss $657M (18.4% of revenue).
Corebridge Financial, Q1 2025: revenue $3.6B (-39% year over year), operating margin -24.1%, net loss $657M, operating cash flow $375M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6B | -46% | -39% |
| Operating profit | −$862M | — | — |
| Net earnings | −$657M | — | — |
| Operating cash flow | $375M | -75% | -37% |
What changed
Revenue was $3.6B in Q1 2025, down 39% year over year and down 46% from the previous quarter.
Operating costs exceeded revenue by $0.86B, an operating margin of -24.1%. Total costs fell 8% while revenue fell 39%. The quarter ended with a net loss of $0.66B, after a profit of $2.2B the previous quarter.
Operating cash flow was $0.38B (down 37% year over year). Non-cash charges added back $0.09B of depreciation and amortization. Working capital and other items added $0.94B.
Questions
What was Corebridge Financial's revenue in the first quarter 2025?
Corebridge Financial (CRBG) reported revenue of $3.6B for the first quarter 2025 (Q1 2025), -39% from a year earlier and -46% from the quarter before.
Was Corebridge Financial profitable in the first quarter 2025?
Operating loss was $862M (-24.1% of revenue) and net loss $657M.