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Corebridge Financial (CRBG) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 6, 2026

Corebridge Financial (CRBG) reported revenue of $4.0B for the first quarter 2026 (Q1 2026), +11% from a year earlier and -41% from the quarter before. Operating margin was 2.4%, net loss $61.0M (1.5% of revenue).

Revenue$4.0B
Year over year+11%
Quarter over quarter-41%
Operating margin2.4%
Net earnings−$61.0M

Corebridge Financial, Q1 2026: revenue $4.0B (+11% year over year), operating margin 2.4%, net loss $61.0M, operating cash flow −$9.0M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$4.0B-41%+11%
Operating profit$97.0M-90%—
Net earnings−$61.0M-107%—
Operating cash flow−$9.0M-100%-102%

What changed

Revenue was $4.0B in Q1 2026, up 11% year over year and down 41% from the previous quarter.

Operating profit was $0.10B, a 2.4% margin (up 26.6 points year over year). Total costs fell 13% while revenue rose 11%. The quarter ended with a net loss of $0.06B, after a profit of $0.80B the previous quarter. Minority interests bore $0.01B of it: to shareholders the quarter was a loss of $0.05B.

Operating cash flow was −$0.01B. Non-cash charges added back $0.17B of depreciation and amortization. Working capital and other items used $0.11B.

Questions

What was Corebridge Financial's revenue in the first quarter 2026?

Corebridge Financial (CRBG) reported revenue of $4.0B for the first quarter 2026 (Q1 2026), +11% from a year earlier and -41% from the quarter before.

Was Corebridge Financial profitable in the first quarter 2026?

Operating profit was $97.0M (2.4% of revenue) and net loss $61.0M.

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Source: Corebridge Financial 10-Q on SEC EDGAR.