---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-022946"
form_type: "8-K"
ticker: "CRBG"
cik: "0001889539"
company_name: "Corebridge Financial, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:07:47.655059+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Corebridge adopts LDTI, recasts historical financials; net equity impact +$1.2B

## Summary
- Adopted LDTI on Jan 1, 2023 with transition date Jan 1, 2021; recasts financials for 2021-2022.
- Net decrease to beginning AOCI of $2.3B and net increase to beginning shareholders' net investment of $1.2B.
- Key changes: MRBs at fair value, discount rate updates, elimination of unrealized gains/losses from AOCI.
- Adjusted Operating Income revised to exclude MRB changes.

## SEC filing metadata
- accession: 0001140361-23-022946
- form_type: 8-K
- ticker: CRBG
- cik: 0001889539
- company_name: Corebridge Financial, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1889539/000114036123022946/0001140361-23-022946-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1889539/000114036123022946/brhc20052441_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-022946
- JSON: https://secwatch.observer/filing/0001140361-23-022946.json
- Plain text: https://secwatch.observer/filing/0001140361-23-022946.txt

## Key facts
- Earnings Releases
  Corebridge Financial, Inc. reported financial results for for the year ended December 31, 2022.
  - Period: for the year ended December 31, 2022
  - Result: reported results
  source text: The financial information in Exhibit 99.1 is based on Corebridge Financial, Inc.’s (the “Company”) adoption of the Financial Accounting Standards Board’s Accounting Standard Update 2018-12 Financial Services - Insurance: Targeted Improvements to the Accounting for Long-Duration Contracts (“LDTI”). The recast quarterly financial supplement is unaudited.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1889539/000114036123022946/0001140361-23-022946-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.