Corebridge Financial (Corebridge Financial) Interest Expense : $-546 Mil (TTM As of Mar. 2024)

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What is Corebridge Financial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Corebridge Financial's interest expense for the three months ended in Mar. 2024 was $ -138 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-546 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Corebridge Financial's Operating Income for the three months ended in Mar. 2024 was $ 1,154 Mil. Corebridge Financial's Interest Expense for the three months ended in Mar. 2024 was $ -138 Mil. Corebridge Financial's Interest Coverage for the quarter that ended in Mar. 2024 was 8.36. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Corebridge Financial Interest Expense Historical Data

The historical data trend for Corebridge Financial's Interest Expense 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.

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Corebridge Financial Interest Expense Chart

Corebridge Financial Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-555.00

-490.00

-389.00

-534.00

-580.00

Corebridge Financial Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial										-172.00	-134.00	-135.00	-139.00	-138.00

Corebridge Financial Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-546 Mil.

Corebridge Financial (NYSE:CRBG) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Corebridge Financial's Interest Expense for the three months ended in Mar. 2024 was $-138 Mil. Its EBIT for the three months ended in Mar. 2024 was $1,154 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $11,648 Mil.

Corebridge Financial's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	1154	/	-138
	=	8.36

The higher the ratio, the stronger the company's financial strength is.

Corebridge Financial (Corebridge Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Corebridge Financial Inc (NYSE:CRBG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AS5:Germany

Address

2919 Allen Parkway, Woodson Tower, Houston, TX, USA, 77019

Website

https://www.corebridgefinancial.com

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