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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Corebridge Financial's retained earnings for the quarter that ended in Mar. 2024 was $18,310 Mil.
Corebridge Financial's quarterly retained earnings declined from Sep. 2023 ($19,765 Mil) to Dec. 2023 ($17,572 Mil) but then increased from Dec. 2023 ($17,572 Mil) to Mar. 2024 ($18,310 Mil).
Corebridge Financial's annual retained earnings increased from Dec. 2021 ($8,859 Mil) to Dec. 2022 ($18,207 Mil) but then declined from Dec. 2022 ($18,207 Mil) to Dec. 2023 ($17,572 Mil).
The historical data trend for Corebridge Financial's Retained Earnings 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.
Corebridge Financial Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Retained Earnings | - | - | 8,859.00 | 18,207.00 | 17,572.00 |
Corebridge Financial Quarterly Data | |||||||||||||||
Dec19 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Retained Earnings | Get a 7-Day Free Trial | 17,592.00 | 17,811.00 | 19,765.00 | 17,572.00 | 18,310.00 |
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Corebridge Financial (NYSE:CRBG) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
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 |
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