secwatch.observer — SEC 8-K summary
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Issuer:     Corebridge Financial, Inc. (CRBG)
CIK:        0001889539
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001140361-23-022946
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1889539/000114036123022946/0001140361-23-022946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1889539/000114036123022946/brhc20052441_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-022946

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer