{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-023574","form_type":"8-K","ticker":"CRBG","cik":"0001889539","company_name":"Corebridge Financial, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.511858+00:00","generated_at":"2026-06-15T10:26:07.520917+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Corebridge Q1 net loss $459M on Fortitude Re derivative; adj. operating EPS $0.97","bullets":["Premiums and deposits up 45% YoY; base portfolio income up 23%; base yield +60bps.","Net loss of $459M ($0.70/share) driven by realized losses on Fortitude Re funds withheld embedded derivative.","Adjusted after-tax operating income $632M, operating EPS $0.97; holding company liquidity $1.8B.","Board authorized $1B share repurchase program; declared $0.23 quarterly dividend.","Life Fleet RBC Ratio remains above 400% target; adopted long-duration targeted improvements retroactive to Jan 2021."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-023574","json":"https://secwatch.observer/filing/0001140361-23-023574.json","markdown":"https://secwatch.observer/filing/0001140361-23-023574.md","text":"https://secwatch.observer/filing/0001140361-23-023574.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1889539/000114036123023574/0001140361-23-023574-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1889539/000114036123023574/brhc20052645_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T10:26:07.520917+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8964506427f3acb6594c024e185b5491e48d545e","claim":"Corebridge Financial, Inc. reported the quarter ended March 31, 2023 results: net income Net loss of $459 million, EPS $0.70 per share.","evidence_excerpt":"Corebridge Financial Announces First Quarter 2023 Results • Premiums and deposits 1 grew 45% compared to the prior year quarter • Base portfolio income 2 for our insurance operating businesses grew 23% while base yield 2 expanded 60 basis points compared to the prior year quarter • Net loss of $459 million , or $0.70 per share, largely the result of realized losses recorded for the Fortitude Re funds withheld embedded derivative • Adjusted after-tax operating income 1 of $632 million and operating EPS 1 of $0.97 per share reflect strong base spread income 2 • Holding company liquidity of $1.8 billion as of March 31, 2023 • Continue to maintain Life Fleet RBC Ratio 2 in excess of 400% target • Declared quarterly cash dividend $0.23 per share of common stock on May 8, 2023 • Adopted long-duration targeted improvements, retroactive to January 1, 2021 • Board of Directors authorized $1 billion share repurchase program","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1889539/000114036123023574/0001140361-23-023574-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Net income","value":"Net loss of $459 million"},{"label":"EPS","value":"$0.70 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}