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Corebridge Financial's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $1,154 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $3,171 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Corebridge Financial's annualized ROC % for the quarter that ended in Mar. 2024 was 1.05%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Corebridge Financial's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.91%.
The historical data trend for Corebridge Financial's EBIT 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 | ||||||
EBIT | 694.00 | 1,341.00 | 11,643.00 | 11,025.00 | 1,520.00 |
Corebridge Financial Quarterly Data | |||||||||||||||
Dec19 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
EBIT | Get a 7-Day Free Trial |
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-497.00 | 1,045.00 | 2,596.00 | -1,624.00 | 1,154.00 |
For the Asset Management subindustry, Corebridge Financial's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Asset Management industry and Financial Services sector, Corebridge Financial's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Corebridge Financial's EV-to-EBIT falls into.
EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.
EBIT 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 $3,171 Mil.
* 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 (NYSE:CRBG) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Corebridge Financial's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:
ROC % (Q: Mar. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | EBIT * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Dec. 2023 ) | + | Invested Capital (Q: Mar. 2024 )) | / count ) |
= | 4616 * ( 1 - 18.6% ) | / | ( (352847.05 | + | 360165.85) | / 2 ) |
= | 3757.424 | / | 356506.45 | |||
= | 1.05 % |
where
Invested Capital | (Q: Dec. 2023 ) | ||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | ||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Balance Sheet Cash And Cash Equivalents | - | 5% * Revenue ) |
= | 379270 | - | 25957 | - | ( 612 | - | 5% * 2921 ) |
= | 352847.05 |
Invested Capital | (Q: Mar. 2024 ) | ||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | ||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Balance Sheet Cash And Cash Equivalents | - | 5% * Revenue ) |
= | 385588 | - | 25323 | - | ( 410 | - | 5% * 6217 ) |
= | 360165.85 |
Note: The EBIT data used here is four times the quarterly (Mar. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
ROC (Joel Greenblatt) % does not apply to banks and insurance companies.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Corebridge Financial's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Mar. 2024 ) |
= | 3171 | / | 29071.790 | |
= | 10.91 % |
* 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.
Thank you for viewing the detailed overview of Corebridge Financial's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
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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