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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following table provides information regarding “Compensation Actually Paid” (“CAP”) to our NEOs as determined and defined under SEC rules and does not reflect compensation actually earned, realized or received by them. The Corebridge Compensation and Management Development Committee did not consider this information in making its pay decisions for 2024.
Year
Summary
Compensation
Table Total
for CEO
($)
Compensation
Actually Paid
to CEO(1)
($)
Average Summary
Compensation
Table Total for
Other NEOs
($)
Average
Compensation
Actually Paid
to Other NEOs(1)
($)
Value of Initial Fixed $100
Investment based on:(2)
Net Income
($ Millions)(3)
Normalized
ROAE(4)
CRBG
TSR
($)
Peer Group
TSR
($)
2024
7,810,797
12,903,410
3,274,727
4,482,113
176.40
151.20
2,203
13.2%
2023
8,632,097
12,115,440
3,981,082
4,248,724
123.50
119.23
1,036
12.0%
2022
8,881,597
14,151,089
4,261,914
4,107,460
99.03
109.12
8,479
11.1%
(1)
This table presents pay versus performance information for 2022 for Kevin Hogan (“CEO”) and Elias Habayeb, Terri Fiedler, Sabra Purtill, Todd Solash, Robert Scheinerman and Geoffrey Cornell (the “Other NEOs”), and 2023 for Kevin Hogan (“CEO”) and Elias Habayeb, Lisa Longino, Terri Fiedler, Jonathan Novak and Constance Hunter (the “Other NEOs”), and 2024 for Kevin Hogan (“CEO”) and Elias Habayeb, Lisa Longino, Terri Fiedler, and Jonathan Novak (the “Other NEOs”). CAP for 2022 was calculated based on the change in value from AIG equity pre-IPO on 12/31/2021 for Corebridge awards through 12/31/2022. AIG equity remained valued using AIG share prices on both dates. CAP for 2023 was calculated based on the change in value from AIG equity pre-IPO on 12/31/2022 for Corebridge awards through 12/31/2023. Corebridge equity awards remained valued using Corebridge prices on both dates. AIG equity awards remained valued using AIG share prices on both dates. CAP for 2024 reflects the following adjustments to the applicable amounts in the Summary Compensation Table (“SCT”):
 
CEO ($)
Average of
Other NEOs ($)
2024 Total Reported in SCT
7,810,797
3,274,727
Less value of stock and option awards reported in SCT
(4,042,117)
(1,267,525)
Less change in Pension Value in 2024
(372)
Plus year-end value of awards granted in 2024 that were unvested and outstanding as of 12/31/2024(a)
5,233,151
1,754,368
Plus change in fair value of prior year awards that were unvested and outstanding as of 12/31/2024(b)
3,535,136
554,951
Plus change in fair value of prior year awards that vested in 2024(c)
366,443
165,964
Plus value of awards granted in 2024 that vested in 2024
Compensation Actually Paid for 2024
12,903,410
4,482,113
(a)
December 31, 2024 fair value of Corebridge RSUs and Corebridge Options was calculated based on the closing Corebridge stock price on that date.
(b)
December 31, 2024 fair value of Corebridge RSUs and Corebridge Options was calculated based on the closing stock price on that date. December 31, 2024 fair value of AIG PSUs and AIG RSUs was calculated based on the closing AIG stock price on that date.
(c)
Change in fair value for awards that vested in 2024 was calculated based on the closing price on the vesting date.
(2)
The Peer Group TSR uses the S&P 500 Insurance Index, which we also use in the stock performance graph included in our 2024 Annual Report. The comparison assumes $100 was invested for the period starting September 15, 2022, the IPO date, through the end of the listed year for purposes of calculating the cumulative TSR of the Company and the S&P 500 Insurance Index over the measurement period. Historical stock performance is not necessarily indicative of future stock performance.
(3)
Net Income is derived from our Audited Consolidated Financial Statements.
(4)
We determined Normalized ROAE to be the most important financial performance measure used to link Company performance to CAP in 2024. Normalized ROAE is a non-GAAP financial measure. For more information on this measure, see Appendix A.
   
Company Selected Measure Name Normalized ROAE    
Named Executive Officers, Footnote
(1)
This table presents pay versus performance information for 2022 for Kevin Hogan (“CEO”) and Elias Habayeb, Terri Fiedler, Sabra Purtill, Todd Solash, Robert Scheinerman and Geoffrey Cornell (the “Other NEOs”), and 2023 for Kevin Hogan (“CEO”) and Elias Habayeb, Lisa Longino, Terri Fiedler, Jonathan Novak and Constance Hunter (the “Other NEOs”), and 2024 for Kevin Hogan (“CEO”) and Elias Habayeb, Lisa Longino, Terri Fiedler, and Jonathan Novak (the “Other NEOs”). CAP for 2022 was calculated based on the change in value from AIG equity pre-IPO on 12/31/2021 for Corebridge awards through 12/31/2022. AIG equity remained valued using AIG share prices on both dates. CAP for 2023 was calculated based on the change in value from AIG equity pre-IPO on 12/31/2022 for Corebridge awards through 12/31/2023. Corebridge equity awards remained valued using Corebridge prices on both dates. AIG equity awards remained valued using AIG share prices on both dates. CAP for 2024 reflects the following adjustments to the applicable amounts in the Summary Compensation Table (“SCT”):
   
Peer Group Issuers, Footnote
(2)
The Peer Group TSR uses the S&P 500 Insurance Index, which we also use in the stock performance graph included in our 2024 Annual Report. The comparison assumes $100 was invested for the period starting September 15, 2022, the IPO date, through the end of the listed year for purposes of calculating the cumulative TSR of the Company and the S&P 500 Insurance Index over the measurement period. Historical stock performance is not necessarily indicative of future stock performance.
   
PEO Total Compensation Amount $ 7,810,797 $ 8,632,097 $ 8,881,597
PEO Actually Paid Compensation Amount $ 12,903,410 12,115,440 14,151,089
Adjustment To PEO Compensation, Footnote
(1)
This table presents pay versus performance information for 2022 for Kevin Hogan (“CEO”) and Elias Habayeb, Terri Fiedler, Sabra Purtill, Todd Solash, Robert Scheinerman and Geoffrey Cornell (the “Other NEOs”), and 2023 for Kevin Hogan (“CEO”) and Elias Habayeb, Lisa Longino, Terri Fiedler, Jonathan Novak and Constance Hunter (the “Other NEOs”), and 2024 for Kevin Hogan (“CEO”) and Elias Habayeb, Lisa Longino, Terri Fiedler, and Jonathan Novak (the “Other NEOs”). CAP for 2022 was calculated based on the change in value from AIG equity pre-IPO on 12/31/2021 for Corebridge awards through 12/31/2022. AIG equity remained valued using AIG share prices on both dates. CAP for 2023 was calculated based on the change in value from AIG equity pre-IPO on 12/31/2022 for Corebridge awards through 12/31/2023. Corebridge equity awards remained valued using Corebridge prices on both dates. AIG equity awards remained valued using AIG share prices on both dates. CAP for 2024 reflects the following adjustments to the applicable amounts in the Summary Compensation Table (“SCT”):
 
CEO ($)
Average of
Other NEOs ($)
2024 Total Reported in SCT
7,810,797
3,274,727
Less value of stock and option awards reported in SCT
(4,042,117)
(1,267,525)
Less change in Pension Value in 2024
(372)
Plus year-end value of awards granted in 2024 that were unvested and outstanding as of 12/31/2024(a)
5,233,151
1,754,368
Plus change in fair value of prior year awards that were unvested and outstanding as of 12/31/2024(b)
3,535,136
554,951
Plus change in fair value of prior year awards that vested in 2024(c)
366,443
165,964
Plus value of awards granted in 2024 that vested in 2024
Compensation Actually Paid for 2024
12,903,410
4,482,113
(a)
December 31, 2024 fair value of Corebridge RSUs and Corebridge Options was calculated based on the closing Corebridge stock price on that date.
(b)
December 31, 2024 fair value of Corebridge RSUs and Corebridge Options was calculated based on the closing stock price on that date. December 31, 2024 fair value of AIG PSUs and AIG RSUs was calculated based on the closing AIG stock price on that date.
(c)
Change in fair value for awards that vested in 2024 was calculated based on the closing price on the vesting date.
   
Non-PEO NEO Average Total Compensation Amount $ 3,274,727 3,981,082 4,261,914
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,482,113 4,248,724 4,107,460
Adjustment to Non-PEO NEO Compensation Footnote
(1)
This table presents pay versus performance information for 2022 for Kevin Hogan (“CEO”) and Elias Habayeb, Terri Fiedler, Sabra Purtill, Todd Solash, Robert Scheinerman and Geoffrey Cornell (the “Other NEOs”), and 2023 for Kevin Hogan (“CEO”) and Elias Habayeb, Lisa Longino, Terri Fiedler, Jonathan Novak and Constance Hunter (the “Other NEOs”), and 2024 for Kevin Hogan (“CEO”) and Elias Habayeb, Lisa Longino, Terri Fiedler, and Jonathan Novak (the “Other NEOs”). CAP for 2022 was calculated based on the change in value from AIG equity pre-IPO on 12/31/2021 for Corebridge awards through 12/31/2022. AIG equity remained valued using AIG share prices on both dates. CAP for 2023 was calculated based on the change in value from AIG equity pre-IPO on 12/31/2022 for Corebridge awards through 12/31/2023. Corebridge equity awards remained valued using Corebridge prices on both dates. AIG equity awards remained valued using AIG share prices on both dates. CAP for 2024 reflects the following adjustments to the applicable amounts in the Summary Compensation Table (“SCT”):
 
CEO ($)
Average of
Other NEOs ($)
2024 Total Reported in SCT
7,810,797
3,274,727
Less value of stock and option awards reported in SCT
(4,042,117)
(1,267,525)
Less change in Pension Value in 2024
(372)
Plus year-end value of awards granted in 2024 that were unvested and outstanding as of 12/31/2024(a)
5,233,151
1,754,368
Plus change in fair value of prior year awards that were unvested and outstanding as of 12/31/2024(b)
3,535,136
554,951
Plus change in fair value of prior year awards that vested in 2024(c)
366,443
165,964
Plus value of awards granted in 2024 that vested in 2024
Compensation Actually Paid for 2024
12,903,410
4,482,113
(a)
December 31, 2024 fair value of Corebridge RSUs and Corebridge Options was calculated based on the closing Corebridge stock price on that date.
(b)
December 31, 2024 fair value of Corebridge RSUs and Corebridge Options was calculated based on the closing stock price on that date. December 31, 2024 fair value of AIG PSUs and AIG RSUs was calculated based on the closing AIG stock price on that date.
(c)
Change in fair value for awards that vested in 2024 was calculated based on the closing price on the vesting date.
   
Compensation Actually Paid vs. Total Shareholder Return
Relationship Between Compensation Actually Paid and TSR(1)
(1)
TSR on the graph begins on Corebridge’s IPO date whereas CAP begins as of the prior fiscal year end.
   
Compensation Actually Paid vs. Net Income
Relationship Between Compensation Actually Paid and Net Income
   
Compensation Actually Paid vs. Company Selected Measure
Relationship Between Compensation Actually Paid and Normalized ROAE
   
Total Shareholder Return Vs Peer Group
Relationship Between Compensation Actually Paid and TSR(1)
(1)
TSR on the graph begins on Corebridge’s IPO date whereas CAP begins as of the prior fiscal year end.
   
Tabular List, Table
Most Important Financial Performance Measures
The following table presents the financial performance measures that the Company considers to be the most important in linking CAP to our NEOs for 2024 to Company performance. The measures in these tables are not ranked.
Certain of these measures are non-GAAP financial measures. For more information on non-GAAP measures, see Appendix A.
CEO
Other NEOs
Normalized ROAE
Normalized ROAE
Normalized GOE
Normalized GOE
Normalized Operating EPS
Normalized Operating EPS
Adjusted AYCR excl. CATs
 
 
Cumulative AIG Diluted Operating EPS (AATI) Growth
 
 
TSR
 
 
   
Total Shareholder Return Amount $ 176.4 123.5 99.03
Peer Group Total Shareholder Return Amount $ 151.2 $ 119.23 $ 109.12
Company Selected Measure Amount 0.132 0.12 0.111
PEO Name Kevin Hogan Kevin Hogan Kevin Hogan
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 2,203,000,000 $ 1,036,000,000 $ 8,479,000,000
Measure:: 1      
Pay vs Performance Disclosure      
Non-GAAP Measure Description
(4)
We determined Normalized ROAE to be the most important financial performance measure used to link Company performance to CAP in 2024. Normalized ROAE is a non-GAAP financial measure. For more information on this measure, see Appendix A.
   
PEO | Measure:: 1      
Pay vs Performance Disclosure      
Name Normalized ROAE    
PEO | Measure:: 2      
Pay vs Performance Disclosure      
Name Normalized GOE    
PEO | Measure:: 3      
Pay vs Performance Disclosure      
Name Normalized Operating EPS    
PEO | Measure:: 4      
Pay vs Performance Disclosure      
Name Adjusted AYCR excl. CATs    
PEO | Measure:: 5      
Pay vs Performance Disclosure      
Name Cumulative AIG Diluted Operating EPS (AATI) Growth    
PEO | Measure:: 6      
Pay vs Performance Disclosure      
Name TSR    
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0    
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (4,042,117)    
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 5,233,151    
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 3,535,136    
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 366,443    
Non-PEO NEO | Measure:: 1      
Pay vs Performance Disclosure      
Name Normalized ROAE    
Non-PEO NEO | Measure:: 2      
Pay vs Performance Disclosure      
Name Normalized GOE    
Non-PEO NEO | Measure:: 3      
Pay vs Performance Disclosure      
Name Normalized Operating EPS    
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (372)    
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (1,267,525)    
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 1,754,368    
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 554,951    
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 165,964