Corebridge Financial, Inc. Earnings Per Share Disclosure
| Years Ended December 31, | |||||||||||||||||
| (in millions, except per common share data) | 2025 | 2024 | 2023 | ||||||||||||||
| Numerator for EPS: | |||||||||||||||||
| Net income (loss) | $ | (390) | $ | 2,203 | $ | 1,036 | |||||||||||
Less: Net loss attributable to noncontrolling interests | (24) | (27) | (68) | ||||||||||||||
| Net income (loss) attributable to Corebridge | (366) | 2,230 | 1,104 | ||||||||||||||
| Less: Preferred stock dividends | — | — | — | ||||||||||||||
| Net income (loss) available to Corebridge common shareholders | $ | (366) | $ | 2,230 | $ | 1,104 | |||||||||||
| Denominator for EPS: | |||||||||||||||||
| Weighted average common shares outstanding - basic | 539.3 | 598.0 | 643.3 | ||||||||||||||
| Dilutive common shares | — | 1.2 | 1.9 | ||||||||||||||
| Weighted average common shares outstanding - diluted | 539.3 | 599.2 | 645.2 | ||||||||||||||
| Income (loss) per common share available to Corebridge common shareholders | |||||||||||||||||
Common stock - basic | $ | (0.68) | $ | 3.73 | $ | 1.72 | |||||||||||
Common stock - diluted | $ | (0.68) | $ | 3.72 | $ | 1.71 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 11, 2026 | Showing above |
| 2023 | Feb 15, 2024 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.