Corebridge Financial Past Earnings Performance
Past criteria checks 1/6
Corebridge Financial has been growing earnings at an average annual rate of 4.5%, while the Diversified Financial industry saw earnings growing at 2.7% annually. Revenues have been declining at an average rate of 2% per year. Corebridge Financial's return on equity is 18.7%, and it has net margins of 11.8%.
Key information
4.5%
Earnings growth rate
4.6%
EPS growth rate
| Diversified Financial Industry Growth | 9.1% |
| Revenue growth rate | -2.0% |
| Return on equity | 18.7% |
| Net Margin | 11.8% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Corebridge Financial makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 20,628 | 2,441 | 2,614 | 0 |
| 31 Dec 23 | 19,083 | 1,104 | 2,621 | 0 |
| 30 Sep 23 | 19,893 | 2,206 | 2,638 | 0 |
| 30 Jun 23 | 20,533 | 2,511 | 2,605 | 0 |
| 31 Mar 23 | 21,051 | 4,334 | 2,579 | 0 |
| 31 Dec 22 | 23,916 | 8,159 | 2,589 | 0 |
| 30 Sep 22 | 26,348 | 11,488 | 2,539 | 0 |
| 30 Jun 22 | 25,859 | 10,502 | 2,494 | 0 |
| 31 Mar 22 | 23,156 | 7,605 | 2,430 | 0 |
| 31 Dec 21 | 22,927 | 8,243 | 2,426 | 0 |
| 30 Sep 21 | 19,423 | 4,017 | 1,920 | 0 |
| 31 Dec 20 | 15,050 | 642 | 2,298 | 0 |
| 31 Dec 19 | 13,210 | 50 | 2,290 | 0 |
| 31 Dec 18 | 15,628 | -80 | 2,797 | 0 |
Quality Earnings: AS5 has a large one-off gain of $684.0M impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: AS5's current net profit margins (11.8%) are lower than last year (20.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: AS5 has become profitable over the past 5 years, growing earnings by 4.5% per year.
Accelerating Growth: AS5's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AS5 had negative earnings growth (-43.7%) over the past year, making it difficult to compare to the Diversified Financial industry average (-1.4%).
Return on Equity
High ROE: AS5's Return on Equity (18.7%) is considered low.