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Corebridge Financial (Corebridge Financial) Net Margin % : -44.81% (As of Dec. 2023)


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What is Corebridge Financial Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Corebridge Financial's Net Income for the three months ended in Dec. 2023 was $-1,309 Mil. Corebridge Financial's Revenue for the three months ended in Dec. 2023 was $2,921 Mil. Therefore, Corebridge Financial's net margin for the quarter that ended in Dec. 2023 was -44.81%.

The historical rank and industry rank for Corebridge Financial's Net Margin % or its related term are showing as below:

CRBG' s Net Margin % Range Over the Past 10 Years
Min: 0.38   Med: 5.78   Max: 34.98
Current: 5.8


CRBG's Net Margin % is ranked worse than
80.32% of 1667 companies
in the Asset Management industry
Industry Median: 86.04 vs CRBG: 5.80

Corebridge Financial Net Margin % Historical Data

The historical data trend for Corebridge Financial's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Corebridge Financial Net Margin % Chart

Corebridge Financial Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
0.38 4.26 34.98 31.65 5.78

Corebridge Financial Quarterly Data
Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.68 -11.14 12.79 35.17 -44.81

Competitive Comparison of Corebridge Financial's Net Margin %

For the Asset Management subindustry, Corebridge Financial's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Corebridge Financial's Net Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Corebridge Financial's Net Margin % distribution charts can be found below:

* The bar in red indicates where Corebridge Financial's Net Margin % falls into.



Corebridge Financial Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Corebridge Financial's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=1104/19088
=5.78 %

Corebridge Financial's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin=Net Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=-1309/2921
=-44.81 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Corebridge Financial  (NYSE:CRBG) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Corebridge Financial Net Margin % Related Terms

Thank you for viewing the detailed overview of Corebridge Financial's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Corebridge Financial (Corebridge Financial) Business Description

Traded in Other Exchanges
Address
2919 Allen Parkway, Woodson Tower, Houston, TX, USA, 77019
Corebridge Financial Inc provides retirement solutions and insurance products in the United States. It offers a broad set of products and services through five segments namely Individual Retirement, Group Retirement, Life Insurance, Institutional Markets businesses, Corporate and Other.
Executives
American International Group, Inc. 10 percent owner 1271 AVE OF THE AMERICAS, FL 37, NEW YORK NY 10020-1304
John P Byrne officer: Pres of Financial Distributors 7428 FOXBURG COURT, CLARKSTON MI 48348
Timothy M Heslin officer: President of Life Insurance 4401 FARRISWOOD DR., NASHVILLE TN 37204
Bryan A Pinsky officer: Pres of Individual Retirement 405 10TH ST., MANHATTAN BEACH CA 90266
Caldwell Steven Douglas Jr officer: Chief Risk Officer 39 GRAMERCY PARK N APT 1BC, NEW YORK NY 10010
Christopher Brian Smith officer: Chief Operating Officer 42 WADE DRIVE, SUMMIT NJ 07901
Lisa Longino officer: Chief Investment Officer C/O COREBRIDGE FINANCIAL, INC., 2919 ALLEN PARKWAY, WOODSON TOWER, HOUSTON TX 77019
Hunter Constance officer: Head of Strategy 1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304
Katherine Ann Anderson officer: Chief Risk Officer C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Elizabeth Palmer officer: Chief Marketing Officer C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Alan Leonard Smith officer: Chief Human Resources Officer C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Terri N Fiedler officer: President Retirement Services C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS NY 91367
Todd P Solash officer: President, IR and Life C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Jonathan J Novak officer: President of IM C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Mia W Tarpey officer: Chief Operating Officer C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367