Corebridge Financial reports $1.44 billion net income for Q3 2026

ITEM 6

Exhibits

143

Signatures

144

Corebridge | Third Quarter 2026 Form 10-Q 3

TABLE OF CONTENTS

Cautionary Statement Regarding Forward-Looking Information

This Quarterly Report on Form 10-Q ("Quarterly Report") includes statements, which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform¹

Act of 1995.¹ Forward-looking statements, and any related oral statements, can be identified by the use of terms such as "believes," "expects," "may," "will," "shall," "should," "would," "could," "seeks," "aims," "projects," "forecasts," "intends," "targets," "plans," "assumes," "enable," "estimates," "anticipates," "goals," "guidance," "formidable," "preliminary," "objective," "continue," "drive," "improve," "superior," "robust," "positioned," "resilient," "vision," "potential," "immediate," "on track," "progress", "is optimistic," and similar expressions or the negative of those expressions or verbs. We caution you that forward-looking statements are not guarantees of future performance or outcomes. Forward-looking statements are not historical facts but instead represent only our beliefs regarding future events, which may by their nature be inherently uncertain, and some of which may be outside our control. These statements appear in a number of places throughout this Quarterly Report and include, but are not limited to, statements regarding our intentions, beliefs, assumptions or current plans and expectations concerning, among other things, financial position and future financial condition; results of operations; expected operating and non-operating relationships; ability to meet debt service obligations and financing plans; statements about the potential repurchases of shares of common stock; product sales; distribution channels;

retention of business; investment yields and spreads; investment portfolio and ability to manage asset-liability cash flows; financial goals and targets; prospects; growth strategies or expectations; laws and regulations; customer retention; the outcome (by judgment or settlement) and costs of legal, administrative or regulatory proceedings, investigations or inspections, including, without limitation, collective, representative or class action litigation; geopolitical events; and the impact of prevailing capital markets and economic conditions.

This Quarterly Report also includes forward-looking statements about the expected timing and completion of the proposed transaction between the Company and Equitable Holdings, Inc. (" Equitable ") (the "Proposed Transaction"), the anticipated benefits of the Proposed Transaction, including estimated synergies and projected cost savings, and plans and expectations for the Company, Equitable or their new parent company after completion of the Proposed Transaction.

Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Key factors include, among others, the ability to repurchase shares (if the Company decides to do so) within the expected timing or at all; the ability to complete the Proposed Transaction on the timeframe or on the terms currently anticipated or at all, including due to a failure to obtain requisite stock exchange, regulatory, governmental or other approvals; risks related to difficulties, inabilities or delays in integrating the parties' businesses; the ability to realize the anticipated benefits of the Proposed Transaction, including estimated run-rate expense synergies and projected cost savings at the times, and to the extent, anticipated, as well as expected operating earnings and cash flow generation; the occurrence of any event, change or other circumstance that could give rise to the right of either or both parties to terminate the merger agreement; the potential impact of the announcement or consummation of the Proposed Transaction on the Company or Equitable 's stock price and on their respective business, contractual and operational relationships (including with regulatory bodies, employees, suppliers, clients and competitors);

risks related to business disruptions from the Proposed Transaction that may harm the business or current plans and operations of either or both parties, including diversion of management time from ongoing business operations; the risk that the Proposed

Transaction and its announcement could have an adverse effect on the ability of either or both parties to hire and retain key personnel; the parties' ability to raise debt on favorable terms or at all; the outcome of any legal proceedings that may be instituted against the Company, Equitable , their new parent company or their respective directors; restrictions on the conduct of the Company and Equitable 's respective businesses prior to the closing of the Proposed Transaction and on each of their ability to pursue alternatives to the Proposed Transaction; the possibility that the Proposed Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events, or unforeseen or unknown liabilities; the deterioration of economic conditions; geopolitical tensions; the potential impact of a downgrade in the Company or Equitable 's Insurer Financial Strength ratings or credit ratings or of the new parent company of the Company and Equitable following completion of the Proposed Transaction; other factors that may affect future results of the Company and Equitable ; and management's response to any of the aforementioned factors.

Any forward-looking statements included herein are not a guarantee of future performance and involve risks and uncertainties, and there are certain important factors that could cause actual results to differ, pos

Item 1. | Financial Statements

Corebridge Financial, Inc.

Condensed Consolidated Balance Sheets (unaudited) (in millions, except for share data)

$ 182,757

$ 189,381

Other bond securities, at fair value (See Note 5)*

5,187

5,407

Equity securities, at fair value (See Note 5)*

50

79

Mortgage and other loans receivable, net of allowance for credit losses of $ 816 in 2026 and $ 727 in 2025 *

54,383

54,481

Other invested assets (portion measured at fair value: 2026 - $ 8,560 ; 2025 - $ 8,106 )*

11,655

10,235

4,493

5,675

Total investments

258,525

265,258

Cash*³

453³

447

Accrued investment income*³

2,463³

2,379

Premiums⁵ and other receivables, net of allowance for credit losses of $ 1 in 2026 and $ 1 in 2025

547

648

Reinsurance assets - Fortitude Re, net of allowance for credit losses of $ 0 in 2026 and $ 0 in 2025

22,126

24,139

Reinsurance assets - other, net of allowance for credit losses of $ 5 in 2026 and $ 6 in 2025

1,832

1,912

Current and deferred income taxes

7,685

7,467

Deferred policy acquisition costs and value of business acquired

8,874

8,885

Market risk benefit assets, at fair value

2,348

2,392

Other assets³, including restricted cash of $ 1 in 2026 and $ 2 in 2025 (portion measured at fair value: 2026 - $ 472 ;

2025 - $ 441 )*

4,510

4,435

Separate account assets, at fair value

94,707

95,585

Total assets

$ 404,070

$ 413,547

Liabilities:

Future policy benefits for life and accident and health insurance contracts

$ 55,958

$ 60,971

Policyholder contract deposits (portion measured at fair value: 2026 - $ 12,755 ; 2025 - $ 12,156 )

194,343

188,876

Market risk benefit liabilities, at fair value

7,223

7,309

Other policyholder funds

3,015

2,959

Fortitude Re funds withheld payable (portion measured at fair value: 2026 - $ 2,988 ; 2025 - $ 3,795 )

21,589

23,648

Other liabilities (portion measured at fair value: 2026 - $ 402 ; 2025 - $ 322 )*

8,230

9,333

Short-term and long-term debt, of which $ 1,250 in 2026 and $ 0 in 2025 is short-term debt

10,107

9,359

Debt of consolidated investment entities*

1,472

1,547

Separate account liabilities

94,707

95,585

Total liabilities²

$ 396,644²

$ 399,587

Contingencies, commitments and guarantees ( See Note 16 )

Corebridge Shareholders' equity:

Preferred stock and additional paid-in capital, $ 1 par value and $ 1,000 liquidation preference

$ 493

$ 493

Common stock, $ 0.01 par value; 2,500,000,000 shares authorized; shares issued: 2026 - 650,189,849 and 2025 -

650,189,849

7

7

Treasury stock, at cost; 2026 - 209,875,142 shares and 2025 - 153,816,103 shares

( 6,094 )

( 4,382 )

Additional paid-in capital

8,163

8,162

Retained earnings

19,404

18,373

Accumulated other comprehensive loss

( 15,244 )

( 9,452 )

Total Corebridge Shareholders' equity²

6,729²

13,201

Non-redeemable noncontrolling interests

697

759

Total equity

$ 7,426

$ 13,960

Total liabilities and equity

$ 404,070

$ 413,547

* See Note 8 for details of balances associated with variable interest entities .

See accompanying Notes to Condensed Consolidated Financial Statements (unaudited).

Corebridge | Third Quarter 2026 Form 10-Q 7

TABLE OF CONTENTS

Corebridge Financial, Inc.

Condensed Consolidated Statements of Income (Loss) (unaudited)

Three Months Ended

September 30,

Nine Months Ended

September 30, (in millions, except per common share data)

2026

2025

2026

2025

Revenues:⁵

Premiums

$ 539

$ 1,944

$ 1,468

$ 3,261

Policy fees⁵

607

659

1,841

2,100

Net investment income⁵:

Net investment income - excluding Fortitude Re funds withheld assets

3,150

2,952

9,044

8,805

Net investment income - Fortitude Re funds withheld assets

120

368

613

1,042

Total net investment income

3,270

3,320

9,657

9,847

Net realized gains (losses):

Net realized gains (losses) - excluding Fortitude Re funds withheld assets and embedded derivative

801

( 1 )

259

( 2,517 )

Net realized losses on Fortitude Re funds withheld assets

( 208 )

( 10 )

( 254 )

( 36 )

Net realized gains (losses) on Fortitude Re funds withheld embedded derivative

1,032

( 670 )

730

( 1,517 )

Total net realized gains (losses)

1,625

( 681 )

735

( 4,070 )

Advisory fee income

89

131

259

377

Other income⁵

34

43

82

199

Total revenues⁴

6,164⁴

5,416

14,042

11,714

Benefits and expenses:⁶

1,218

2,594

3,312

5,033

Change in the fair value of market risk benefits, net

( 10 )

299

548

405

Interest credited to policyholder account balances⁶

1,638

1,494

4,733

4,397

Amortization of deferred policy acquisition costs and value of business acquired

267

253

760

803

Non-deferrable insurance commissions

100

131

306

439

Advisory fee expenses

43

71

132

205

General operat