Corebridge posts adjusted operating income of $2.4bn in 2025 despite Fortitude Re accounting impact
Corebridge Financial highlighted strong underlying performance and improving earnings momentum in the final quarter of 2025, despite a net loss of $366 million in 2025, primarily due to higher losses from embedded derivatives withheld by the Fortitude Re fund and changes in the fair value of market risk benefits. The Life and Retirement Group’s net…