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Condensed Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:          
Premiums $ 2,105 $ 735 $ 5,091 $ 5,653 $ 4,341
Policy fees 698 730 2,914 3,005 2,874
Total net investment income 2,695 2,581 9,576 11,672 10,516
Total net realized gains (losses) (1,458) 2,887 6,091 1,752 (3,741)
Advisory fee income 116 131 475 597 553
Other income 106 176 550 578 519
Total revenues 4,262 7,240 24,697 23,257 15,062
Benefits and expenses:          
Policyholder benefits 2,495 1,168 6,720 7,387 6,602
Interest credited to policyholder account balances 1,026 878 3,732 3,562 3,528
Amortization of deferred policy acquisition costs and value of business acquired 256 243 1,020 951 543
Non-deferrable insurance commissions 136 144 568 623 604
Advisory fee expenses 65 71 266 322 316
General operating expenses 582 586 2,323 2,104 2,027
Interest expense 172 81 534 389 490
(Gain) loss on extinguishment of debt     0 219 10
Net (gain) loss on divestitures 3 2 1 (3,081) 0
Total benefits and expenses 4,931 2,940 14,206 12,003 14,211
Income (loss) before income tax expense (benefit) (669) 4,300 10,491 11,254 851
Income tax expense (benefit):          
Current     878 1,946 1,724
Deferred     1,134 136 (1,739)
Income tax expense (benefit) (216) 859 2,012 2,082 (15)
Net income (loss) (453) 3,441 8,479 9,172 866
Less:          
Net income attributable to noncontrolling interests 6 75 320 929 224
Net income (loss) attributable to Corebridge $ (459) $ 3,366 $ 8,159 $ 8,243 $ 642
Income (loss) per common share attributable to Corebridge common shareholders:          
Basic (in dollars per share) $ (0.70) $ 5.22 $ 12.63    
Diluted (in dollars per share) $ (0.70) $ 5.22 $ 12.60    
Weighted averages shares outstanding:          
Basic (in shares) 650,800,000 645,000,000.0 646,100,000    
Diluted (in shares) 650,800,000 645,000,000.0 647,400,000    
Common Stock Class A          
Income (loss) per common share attributable to Corebridge common shareholders:          
Basic (in dollars per share)       $ 13.18 $ 1.00
Diluted (in dollars per share)       $ 13.18 $ 1.00
Weighted averages shares outstanding:          
Basic (in shares)       581,100,000 581,100,000
Diluted (in shares)       581,100,000 581,100,000
Common Stock Class B          
Income (loss) per common share attributable to Corebridge common shareholders:          
Basic (in dollars per share)       $ 9.14 $ 1.00
Diluted (in dollars per share)       $ 9.14 $ 1.00
Weighted averages shares outstanding:          
Basic (in shares)       63,900,000 63,900,000
Diluted (in shares)       63,900,000 63,900,000
Net investment income - excluding Fortitude Re funds withheld assets          
Revenues:          
Total net investment income $ 2,301 $ 2,303 $ 8,685 $ 9,897 $ 9,089
Total net realized gains (losses) (453) 173 141 1,515 (765)
Fortitude Re funds withheld assets          
Revenues:          
Total net investment income 394 278 891 1,775 1,427
Total net realized gains (losses) 20 (123) (397) 924 1,002
Benefits and expenses:          
Net (gain) loss on divestitures     0 (26) 91
Fortitude Re funds withheld embedded derivative          
Revenues:          
Total net realized gains (losses) $ (1,025) $ 2,837 $ 6,347 $ (687) $ (3,978)