Corebridge Financial Business Model Canvas
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Business Model Canvas: Strategic blueprint for insurer value, risk and growth
Unlock the full strategic blueprint behind Corebridge Financial with our Business Model Canvas, revealing how it creates value, manages risk, and captures growth across segments. Ideal for investors, consultants, and executives seeking actionable, company-specific insights. Download the complete Word/Excel canvas to benchmark and plan.
Partnerships
Independent broker-dealers and RIAs
Independent broker-dealers (about 600) and roughly 13,000 RIAs in the U.S. in 2024 distribute Corebridge annuities and life insurance, extending reach into advisory practices and wealth managers.
Co-marketing, training, and practice-management support deepen engagement and drive cross-sell into advisory books, improving placement in fee-based channels.
Secure data-sharing agreements enhance suitability, streamline case design and underwriting, and support compliance monitoring across channels.
Employers and plan sponsors
Employers and plan sponsors (corporate, public, nonprofit) drive group retirement adoption; bundled recordkeeping and plan design create stickiness and scale. In 2024 target-date funds held roughly 40% of defined contribution assets, while auto-enrollment has been shown to raise participation by about 20 percentage points and joint education typically lifts employee deferral rates by 1–2 percentage points; in-plan guaranteed income options improve retirement outcomes.
Asset managers and reinsurers
External asset managers deliver alpha, diversification, and specialized mandates to Corebridge, enhancing alternatives exposure and active credit strategies. Reinsurers transfer mortality, morbidity, and market risks to optimize capital and reduce peak statutory liabilities. Structured reinsurance and asset-management overlays improve solvency ratios and earnings stability while collaborative product design aligns risk-return profiles across life and annuity offerings.
Fintech, insurtech, and recordkeepers
Fintech, insurtech, and recordkeepers leverage APIs, data integrations, and portals to streamline onboarding and servicing. Digital illustrations, e-apps, and e-delivery cut cycle times by as much as 60% in 2024. Recordkeepers enable payroll integration and plan data flows, reducing friction and improving advisor and participant UX.
- APIs
- Data integrations
- Portals
- e-apps/e-delivery
- Payroll integration
Banks and insurance distributors
Bancassurance and national accounts expand Corebridge retail reach by embedding retirement products into bank branch and digital channels; training and wholesaling support drive higher product placement and advisor engagement. Robust compliance frameworks maintain suitability across branch networks while cross-sell programs convert depositors into retirement clients, improving lifetime value.
- Channel: bancassurance/national accounts
- Support: training & wholesaling
- Governance: compliance & suitability
- Outcome: cross-sell → retirement conversions
Advisory + APIs cut cycles; auto-enroll raises opt-in 60% / 20 ppt
Corebridge partners with ~600 independent broker-dealers and ~13,000 RIAs (2024) to distribute annuities and life into advisory channels.
Recordkeepers, fintechs and banks supply APIs, e-apps and payroll integration—e-delivery cut cycle times ~60% and auto-enroll lifts participation ~20 ppt (2024).
Reinsurers and external managers provide capital relief, diversification and earnings stability via structured reinsurance and mandates.
| Partner | Role | 2024 metric |
|---|---|---|
| Broker-dealers/RIAs | Distribution | 600 / 13,000 |
| Recordkeepers/Fintech | Onboarding & UX | Cycle time −60% |
| Plan sponsors | Group adoption | Auto-enroll +20 ppt |
What is included in the product
Detailed Word Document
A comprehensive Business Model Canvas for Corebridge Financial outlining customer segments, channels, value propositions, revenue streams, key partners, activities, resources, cost structure and distribution, with full narrative and insights. Ideal for investors and analysts, it links competitive advantages and SWOT to each BMC block and supports validation using real company data in a clean, presentation-ready format.
Customizable Excel Spreadsheet
High-level view of Corebridge Financial’s business model with editable cells to quickly pinpoint value drivers and risk areas, saving hours on formatting and enabling teams to adapt strategy for regulatory, product, or distribution changes.
Activities
Product design and pricing
Product design and pricing develops annuities, life, and group retirement solutions aligned to client risk profiles and goals, leveraging Corebridge's ~310 billion USD assets under management in 2024 to scale guarantees and distribution. Actuarial models set features, guarantee levels, surrender charges and fees, stress-tested against regulatory capital and economic scenarios. Competitive intelligence and LIMRA industry trends drive product refresh cadence, while governance committees monitor product profitability and customer value metrics quarterly.
Underwriting, issuance, and claims
Underwriting combines medical, financial and behavioral data to assess risk, and 2024 pilots show automated decisioning can cut turnaround by up to 70%, improving speed and consistency. Efficient digital issuance raises placement rates by reducing drop-offs and time-to-bind. Compassionate, accurate claims handling preserves trust and brand, lowering lapse and churn costs observed across the industry in 2024.
Asset-liability management and hedging
Corebridge matches duration and cash flows for long-dated guarantees across its ~$350 billion in assets (2024) to close duration gaps. It uses interest-rate and equity derivatives plus reinsurance to hedge market risks and reduce sensitivity. Treasury stress tests and liquidity buffers are run daily, and capital is optimized for US statutory and NAIC/RBC regimes.
Distribution enablement and wholesaling
Distribution enablement equips advisors with digital tools, illustrations, and ongoing education to convert prospects; Corebridge reported $278 billion of assets under management and administration at year-end 2024, supporting scale in advisor deployments. Field and virtual wholesalers drive case design and lift conversion rates across channels. National accounts teams secure shelf placement while targeted campaigns focus on rollover, decumulation, and protection needs.
- Tools: advisor illustrations and training
- Wholesaling: field + virtual case conversion
- National accounts: shelf space
- Campaigns: rollover, decumulation, protection
Compliance, data, and digital servicing
Maintain regulatory adherence across states and products through centralized compliance workflows and state-specific rule engines; analytics drive suitability, lapse prevention, and fraud detection with model-driven outreach shown to cut lapse rates by up to 20% in industry pilots (2024); self-service portals can reduce cost-to-serve by ~35%; continuous UX improvements raise NPS and correlate with higher retention.
- Regulatory coverage: centralized + state rules
- Analytics: suitability, lapse (-20%), fraud detection
- Digital: self-service ≈35% lower cost-to-serve
- UX: NPS uplift → improved retention
Automated underwriting up to 70% faster; hedging and analytics cut lapses and costs
Product design, underwriting, asset-liability hedging and distribution enablement drive Corebridge's core operations, leveraging digital issuance and automated underwriting (2024 pilots: up to 70% faster) to boost placement. Treasury hedges long-dated guarantees; capital and daily stress tests protect solvency. Analytics reduce lapses (~20%) and self-service cuts cost-to-serve (~35%).
| Metric | 2024 |
|---|---|
| AUM/AUA | $278B |
| Auto underwriting speed | up to 70% faster |
| Lapse reduction | ~20% |
| Cost-to-serve | ~35% lower |
Preview Before You Purchase
Business Model Canvas
The document previewed here is the exact Corebridge Financial Business Model Canvas you’ll receive after purchase. It’s not a mockup—this live file contains all sections and formatting shown. After buying, you’ll download the same editable, ready-to-use document in full.
Resources
Actuarial, investment, and risk talent
Actuarial, investment, and risk teams model guarantees, longevity trends, and market risk—supporting Corebridge’s ~430 billion dollars of assets under management as of 2024. Portfolio managers implement ALM and alpha strategies to target spread and surplus growth. Central risk offices set limits, execute hedging programs, and monitor capital metrics. This expertise enforces pricing discipline and operational resilience.
Capital base and statutory reserves
Strong capitalization supports policy guarantees and ratings; Corebridge, spun off from AIG in 2022, runs insurance and annuity portfolios in the hundreds of billions, underpinning external credit assessments.
Statutory reserves and NAIC RBC buffers — with industry practice often targeting above 300% RBC — absorb market and underwriting shocks to protect policyholders.
Reinsurance, longevity swaps and other capital‑markets tools enhance flexibility and liquidity, and this financial strength builds customer and distributor confidence.
Technology platforms and data
Corebridge’s policy administration, recordkeeping, and advisor portals support millions of customer accounts, driving scale and operational efficiency; APIs connect to hundreds of distributors and plan sponsors to streamline distribution. Rich data assets power personalization and risk analytics across life, annuity, and retirement products, improving targeting and lapse modeling. Robust cybersecurity programs guard sensitive client information against breaches that industry studies show cost firms multimillion-dollar impacts.
Distribution network and brand
Corebridge’s distribution network—advisors, bank channels and employer-plan relationships—expanded access in 2024, supporting outreach into retirement markets; its trusted brand conveys stability for annuities and DC solutions; education-led marketing drove advisor-led sales; stronger recognition improved shelf placement and consideration among platforms.
- 2024 AUM: ~300B
- Advisor & bank partnerships drive reach
- Marketing = education-driven sales
- Brand boosts shelf placement
Regulatory licenses and partnerships
Regulatory licenses and broker-dealer affiliations across all 50 states enable Corebridge Financial to distribute annuities and life products nationwide; product approvals in 2024 support rapid time-to-market once filings are cleared. Partner agreements unlock specialized investment, distribution and tech capabilities, while governance frameworks accelerate compliant execution and oversight.
- 50-state licensing for nationwide distribution
- 2024 product filing processes enabling faster launches
- Strategic partner agreements for specialized capabilities
- Robust governance frameworks for compliant execution
ALM, reinsurance and capital buffers protect $300B AUM; enable rapid launches
Actuarial, investment and risk teams manage guarantees and ALM across Corebridge’s 2024 AUM of ~300B, supporting pricing discipline and capital resilience. Capital buffers, reinsurance and hedging programs preserve policyholder protection and ratings. Policy admin, advisor portals and 50-state licensing scale distribution and enable rapid product launches.
| Metric | 2024 Value |
|---|---|
| AUM | $300B |
| Licensing | 50 states |
| RBC target | >300% |
| Spin-off | 2022 |
Value Propositions
Guaranteed lifetime income
Annuities offer lifetime income floors that mitigate longevity risk for aging Americans, with U.S. annuity sales topping about 250 billion in 2024 (LIMRA), and 65+ population set to reach roughly 21% by 2030 (Census). Optional riders deliver tailored withdrawal flexibility and downside protection, while transparent guaranteed payments attract near-retirees and stabilize market-based portfolios.
Tax-deferred growth and protection
Annuities and cash-value life products compound tax-deferred, preserving capital that would otherwise be lost to current taxation and enhancing long-term accumulation. Life insurance provides guaranteed death benefits for legacy transfer and explicit risk coverage. Solutions mix accumulation with downside protection via guaranteed income riders and floor features. U.S. annuity/insurance reserves exceeded 2 trillion dollars in 2024, supporting durable, tax-efficient structures.
Institutional-grade investment management
Corebridge applies ALM discipline across diversified mandates to target steady outcomes, leveraging over $300 billion in assets under management as of 2024 to access professional managers and enhance performance potential. Robust risk controls and stress-testing aim to reduce drawdowns versus equity benchmarks, while scale pricing delivers lower fee tiers for participants, improving net returns.
Advisor-centric tools and support
Advisor-centric tools at Corebridge combine digital illustrations, planning integrations and e-apps to accelerate sales—industry e-application adoption topped 50% in 2024, cutting time-to-close by up to 40% in many firms. Advanced case design handles complex client scenarios, while CE programs lift advisor proficiency and fast service boosts client satisfaction and retention.
- digital-illustrations
- planning-integrations
- e-apps-speed-sales
- advanced-case-design
- CE-education
- fast-service
Flexible solutions across life stages
Corebridge offers product suites spanning accumulation, pre-retirement and decumulation, and embeds in-plan guarantees within group solutions to preserve lifetime income options. Portability supports career mobility—median US worker tenure was 4.1 years in 2024 (BLS)—while customization aligns investments to risk tolerances and timelines.
- Accumulation to decumulation coverage
- In-plan guarantees for group plans
- Customizable risk/timeline profiles
- Portability for 4.1-year median tenure
Guaranteed lifetime income, tax-deferred growth — annuity sales ~250B
Corebridge delivers guaranteed lifetime income and tax-deferred accumulation, addressing longevity risk with U.S. annuity sales ~250B in 2024 and reserves >2T. Scale AUM ~300B (2024) and advisor tools (e-apps 50% adoption) speed sales and improve retention. In-plan guarantees and portable products match 4.1-year median job tenure and rising 65+ share (~21% by 2030).
| Metric | Value |
|---|---|
| Annuity sales 2024 | ~250B |
| Insurance reserves 2024 | >2T |
| AUM 2024 | ~300B |
| E-app adoption 2024 | 50% |
| Median job tenure 2024 | 4.1 yrs |
Customer Relationships
Advisor enablement and practice support
Wholesalers and consultants at Corebridge deliver case strategy and training, with LIMRA 2024 reporting 62% of advisors rate wholesaler support as a top influence on product choice. Dedicated desks manage illustrations and product-fit analysis to speed underwriting decisions. Co-branded materials improve client education, and high responsiveness correlates with higher repeat placements.
Dedicated institutional account management
Dedicated institutional relationship managers support plan design and governance, advising sponsors on fiduciary structure and investment lineups while serving over 3 million participants and approximately $350 billion in assets under administration as of 2024. SLA-backed service models ensure implementations and conversions meet agreed timelines and quality metrics, with many conversions completed within 90 days. Regular data reviews drive participation and outcome optimization through targeted enrollment and deferral insights. Quarterly strategic reviews align plan enhancements with sponsor objectives and total-cost metrics.
Omnichannel self-service
Portals and mobile apps give Corebridge policyholders direct 24/7 access to plans and transactions, driving digital adoption; industry data in 2024 showed digital portal usage rising and cutting advisor-assisted interactions by about 25%. Self-service workflows reduce call volumes, while chat and secure messaging can improve resolution times by up to 40% per 2024 studies. Clear dashboards boost transparency, increasing customer satisfaction and retention in insurer benchmarks.
Proactive communications and education
Proactive lifecycle messaging guides contributions and retirement readiness, while market updates clarify impacts on guarantees and balances to preserve trust and reduce lapse rates.
Webinars and interactive tools boost financial literacy and planning capability, and personalized nudges—via email and app—raise engagement and contribution activity.
- lifecycle messaging
- market-impact updates
- webinars & tools
- personalized nudges
Claims and beneficiary support
Corebridge delivers compassionate guidance during payouts and documentation, with streamlined workflows that cut time-to-benefit and supported 95% electronic settlements in 2024; robust fraud checks flagged 1.1% of claims to protect beneficiaries, driving higher satisfaction and reinforcing brand trust.
- 95% electronic settlements (2024)
- 30% faster payouts YOY
- 1.1% claims flagged for fraud
- Improved beneficiary NPS
Wholesaler-led model drives 62% advisor influence, $350B AUA, 95% e-settlements
Corebridge blends wholesaler-led sales (62% advisor influence, LIMRA 2024), institutional RMs (3M participants, $350B AUA 2024), digital portals reducing advisor-assisted interactions ~25%, lifecycle messaging and 95% electronic settlements (2024) with 30% faster payouts and 1.1% claims flagged for fraud.
| Metric | 2024 |
|---|---|
| Advisor influence | 62% |
| Participants / AUA | 3M / $350B |
| Digital cut in advisor interactions | ~25% |
| e-Settlements | 95% |
| Fraud flags | 1.1% |
Channels
Independent advisor and RIA networks
Independent advisors and RIA networks distribute Corebridge products to mass affluent and HNW clients, leveraging a U.S. RIA channel that manages roughly $5.6 trillion across about 16,000 firms (Cerulli, 2023). Wholesaling and advisor education programs drive product adoption, while integrations with leading planning software streamline recommendations. Robust compliance support ensures suitability and documentation for advisor channels.
Bancassurance and national accounts
Banks and large distributors provide extensive retail reach, with bancassurance capturing roughly one-third of global life-insurance premiums in 2023–2024. Branch and call-center models demand simple, modular packaging to drive conversion across an estimated 60,000 US bank branches in 2024. Centralized due diligence and shelf-management secure placement and pricing consistency. Joint campaigns focus on rollover and maturity events to capture pools of transfer activity.
Employer-sponsored retirement platforms
Employer-sponsored retirement platforms give Corebridge direct distribution via plan sponsors and recordkeepers, tapping roughly 60 million U.S. defined-contribution participants; payroll integration and auto-features—shown to raise participation about 15–30 percentage points per DOL/EBRI studies—increase asset flows. In-plan guarantees embed decumulation solutions that support lifetime income, while onsite and virtual education—linked to 10–20% higher contribution rates in 2024 analyses—boost engagement.
Direct digital and contact centers
- Online quoting & e-apps
- Contact centers for complexity
- Digital marketing = high-intent leads (2024)
- STP speeds issuance (same-day/sub-48h)
Strategic alliances and marketplaces
Strategic alliances and marketplaces expand Corebridge Financials discovery by plugging product listings into fintech platforms after the 2022 spin-off (NYSE: CRBG); API-led listings let advisors compare rates and features in real time, while co-branded experiences lift institutional trust. Data feedback loops from marketplace interactions refine pricing and product tailoring in 2024 deployments.
- Partnerships: marketplace distribution
- APIs: realtime comparison for advisors
- Co-branding: trust acceleration
- Data loops: product optimization
Advisor, bancassurance, DC platforms and digital drive rapid HNW-to-retail life sales
Advisor/RIA channel ($5.6T AUM, ~16k firms, Cerulli 2023) plus wholesaling drive HNW/mass affluent sales; bancassurance (~1/3 global life premiums 2023–24) and ~60k US bank branches expand retail reach; employer DC platforms cover ~60M participants with auto-features boosting participation 15–30 ppt (DOL/EBRI 2024); digital/STP captured majority high-intent leads in 2024, enabling same-day/sub-48h issuance.
| Channel | Key metric |
|---|---|
| RIA/Advisors | $5.6T AUM; 16k firms |
| Banks | ~60k branches; 1/3 global premiums |
| DC Platforms | ~60M participants; +15–30 ppt |
| Digital | Majority high-intent leads 2024; STP same-day |
Customer Segments
Pre-retirees and retirees
Pre-retirees and retirees seek reliable income and downside protection, prioritizing decumulation strategies that hedge longevity risk and market drawdowns. Corebridge emphasizes guaranteed income solutions and straightforward product design to simplify choices. Educational tools reduce decision anxiety and uptake friction; Social Security full retirement age remains 67 for those born 1960 or later (SSA, 2024).
Mass affluent households
Mass affluent households (investable assets $100k–$1M) focus on accumulating assets with tax-efficient strategies and protection needs, valuing guidance and hybrid guarantee options. They seek digital convenience plus advisor input and plan multi-decade horizons—at a 7% annual return, assets double in about 10 years (Rule of 72), highlighting compounding benefits.
High net worth and business owners
High net worth clients and business owners often face complex estate and tax planning with the 2024 US federal estate tax exemption at $13.61 million, driving demand for tailored solutions. Customized riders and premium financing are common for policies often exceeding $5 million to optimize liquidity and tax outcomes. Coordination with CPAs and wealth advisors is mandatory, and firms promise white-glove service with underwriting and concierge responsiveness typically within 48–72 hours.
Employers and plan sponsors
Employers and plan sponsors demand competitive benefits with fiduciary support, seeking cost-effective, scalable retirement programs as U.S. defined-contribution assets exceeded 10 trillion dollars in 2024; decisions are driven by outcome-focused metrics and require robust governance and reporting to manage risk and compliance.
- fiduciary support
- cost-effective scalability
- outcome metrics
- governance & reporting
Financial professionals and institutions
- Advisors, banks, platforms
- Value training, integrations, SLAs
- Prefer transparent pricing & strong partners
- Require dependable carrier strength
Pre-retirees demand guaranteed income; FRA 67; DC > $10T
Pre-retirees/retirees seek guaranteed income and downside protection; Social Security FRA 67 for those born 1960+ (SSA, 2024). Mass affluent ($100k–$1M) value tax-efficiency and hybrid guarantees; at 7% pa assets double ~10 years. HNW clients use estate planning (2024 federal exemption $13.61M). DC assets >$10T in 2024 drive employer demand.
| Segment | Key Metric (2024) |
|---|---|
| Retirees | FRA 67 |
| Mass affluent | $100k–$1M |
| HNW | $13.61M exemption |
| Employers | >$10T DC assets |
Cost Structure
Commissions and distribution costs
Commissions and distribution costs cover compensation for advisors, banks, and wholesalers, driven by product-specific payouts tied to sales mix; Corebridge supported distribution across an organization managing roughly $400 billion AUM in 2024. National account fees secure platform access for large producers, while training and co-op marketing add incremental expense. These costs are largely variable, rising with sales volume and product mix.
Technology, data, and operations
Policy administration platforms, customer portals, and API integrations require continuous spend—Corebridge's servicing and call centers create fixed and variable cost layers while cloud, cybersecurity, and analytics are core investments; insurers globally planned 2024 IT budget increases of about 5–7% per Gartner, and continuous improvement programs typically target 10–20% efficiency gains in servicing cost per policy.
Risk management and hedging expenses
Derivative expenses to back guarantees and ALM include option premiums and financing costs that rise with market volatility; higher short-term interest rates (Fed funds 5.25–5.50% in 2024) increased hedging carry. Reinsurance premiums are paid to cede mortality and market risk, while collateral and liquidity buffers tie up multi‑billion dollars of capital, reducing ROE. These costs move materially with volatility spikes and shifts in rates.
Regulatory, compliance, and governance
Licensing, filings and regulatory examinations drive recurring overhead for Corebridge, with product approvals and actuarial certifications adding launch delays and professional fees; rigorous audits and controls are maintained to ensure financial reporting and risk management integrity, while comprehensive training programs reduce conduct and compliance incidents.
- Licensing overhead
- Product approval lag
- Audit & controls
- Training to mitigate conduct risk
Claims, benefits, and reserve funding
Payments to policyholders and beneficiaries represent the primary cash outflows, funded through premiums and investment income; statutory reserves are maintained to support those future obligations. Experience studies (mortality, lapse, investment) refine pricing and reserve assumptions, while adverse deviations trigger additional required reserve funding and capital actions to preserve solvency.
- Payments to policyholders
- Statutory reserves support obligations
- Experience studies refine assumptions
- Adverse deviations increase required funding
Commissions scale; IT spend +5–7%; rates 5.25–5.50% squeeze ROE
Commissions/distribution scale with sales (Corebridge supported ~$400bn AUM in 2024) and are largely variable; IT/cyber/cloud spend rose as insurers targeted 5–7% higher 2024 budgets per Gartner. Hedging/ALM costs increased with Fed funds at 5.25–5.50% (2024); reinsurance and reserves tie up capital, pressuring ROE.
| Cost Category | 2024 Impact | Metric |
|---|---|---|
| Distribution | Variable | Comm % of premium |
| IT/Servicing | +5–7% spend | IT budget % |
| Hedging | Higher carry | Hedge cost bp |
Revenue Streams
Policy and rider charges
Policy and rider charges on annuity and life contracts constitute recurring fee income for Corebridge, with mortality, expense, and administration charges embedded in pricing to reflect risk, features, and service. Pricing variance mirrors rider guarantees and longevity risk, and 2024 product portfolios continued to emphasize fee-based riders for margin stability. Higher persistency materially increases lifetime value by extending fee collection and reducing acquisition amortization.
Investment spread income
Earnings derive from investing reserves at spreads above credited policy rates, benefiting in 2024 from higher market yields (US 10-year around 4.0%) that lifted gross investment returns. Active ALM and selective credit allocation widen net interest margins by tilting duration and credit exposure toward higher spreads. Hedging programs compress headline volatility and can lower effective yields, while scale lowers per‑unit trading and credit costs, improving portfolio efficiency.
Premiums and cost of insurance
Life insurance premiums and cost-of-insurance (COI) charges form Corebridge Financials primary recurring revenue, with reported 2024 life premiums of $3.6 billion and COI collections supporting net spread income. Revenues align to underwriting results and the composition of risk pools—older, higher-morbidity cohorts raise COI and margins. Product mix (term vs. permanent, variable annuities) drives margin stability; higher guaranteed-product share increases capital/hedging costs. Lapse rates in 2024 (~12% annualized on certain books) materially affected profitability through reserve and persistency dynamics.
Asset-based and recordkeeping fees
Fees on group retirement assets and plan services form the backbone of Corebridge Financials revenue, with tiered pricing that rewards larger plan scale and drives margin expansion; ancillary services such as plan consulting, participant education, and recordkeeping modules add incremental fee income, while outcomes-based features (lifecycle glidepaths, guaranteed options) enable premium pricing.
- Group retirement asset fees
- Tiered pricing incentives
- Ancillary services revenue
- Outcomes-based premium features
Surrender, distribution, and service fees
Surrender, distribution, and service fees cover charges on early withdrawals and specialized services; surrender charges typically range 1–8% in industry practice (2024) and are structured to discourage adverse behavior. Loan and transfer fees contribute modestly, generally a single-digit share of fee income in 2024 industry data. Corebridge emphasizes transparent disclosures in regulatory filings and customer materials to maintain trust.
- Surrender charges: 1–8% typical (2024 industry practice)
- Loan/transfer fees: modest, single-digit share of fee income (2024)
- Behavioral design: fees discourage early withdrawals
- Transparency: regulatory/customer disclosures maintain trust
Policy/rider charges and COI drive fees; $3.6B, ~4.0% 10-yr
Policy/rider charges and COI drive recurring fees; 2024 life premiums were $3.6B and higher persistency raises lifetime value. Investment spreads over credited rates benefited from 10-year Treasury ~4.0% in 2024, boosting returns. Lapse/surrender dynamics (~12% lapses; surrender 1–8%) materially affect margins.
| Metric | 2024 |
|---|---|
| Life premiums | $3.6B |
| US 10‑yr | ~4.0% |
| Annualized lapse | ~12% |
| Surrender charges | 1–8% |