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CRBD • CIK 0001889539
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $940,000 | $2,803,000 | $-541,000 | $1,078,000 |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $1,036,000 | $2,203,000 | $-390,000 | $876,000 |
| Net Income (Loss) Attributable to Noncontrolling Interest | $-68,000 | $-27,000 | $-24,000 | $-31,000 |
| Net Income (Loss) Attributable to Parent | $1,104,000 | $2,230,000 | $-366,000 | $907,000 |
| Preferred Stock Dividends and Other Adjustments | — | — | $0 | $18,000 |
| Premiums Earned, Net | $7,691,000 | $4,600,000 | $5,864,000 | $5,440,000 |
| Insurance Commissions and Fees | $2,797,000 | $2,901,000 | $2,733,000 | $2,526,000 |
| Net Investment Income | $11,078,000 | $12,228,000 | $13,124,000 | $12,984,000 |
| Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions | $467,000 | $506,000 | $510,000 | $434,000 |
| Other Income | $417,000 | $429,000 | $208,000 | $100,000 |
| Revenues | $18,878,000 | $18,781,000 | $18,481,000 | $20,025,000 |
| Policyholder Benefits and Claims Incurred, Net | $9,362,000 | $6,632,000 | $8,173,000 | $7,828,000 |
| Market Risk Benefit, Change in Fair Value, Gain (Loss) | $6,000 | $227,000 | $-484,000 | $-936,000 |
| Policyholder Account Balance, Interest Expense | $4,427,000 | $5,240,000 | $5,933,000 | $6,125,000 |
| Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Amortization | $1,042,000 | $1,060,000 | $1,050,000 | $993,000 |
| Insurance Commissions | $588,000 | $588,000 | $553,000 | $451,000 |
| Noninterest Expense Investment Advisory Fees | $261,000 | $286,000 | $275,000 | $230,000 |
| Selling, General and Administrative Expense | $2,360,000 | $2,090,000 | $2,002,000 | $1,857,000 |
| InterestExpenseOperating | — | $554,000 | $552,000 | $529,000 |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $676,000 | $245,000 | $0 | $2,000 |
| Benefits, Losses and Expenses | $17,938,000 | $15,978,000 | $19,022,000 | $18,947,000 |
| Current Income Tax Expense (Benefit) | $306,000 | $-35,000 | $-488,000 | $-488,000 |
| Deferred Income Tax Expense (Benefit) | $-402,000 | $635,000 | $337,000 | $337,000 |
| Income Tax Expense (Benefit) | $-96,000 | $600,000 | $-151,000 | $202,000 |
| Weighted Average Number of Shares Outstanding, Basic | 643,300,000 | 598,000,000 | 539,300,000 | 449,000,000 |
| Weighted Average Number of Shares Outstanding, Diluted | 645,200,000 | 599,200,000 | 539,300,000 | 449,000,000 |
| Realized Investment Gains (Losses) | $-3,572,000 | $-1,883,000 | $-3,958,000 | $-1,459,000 |
| LiabilityForFuturePolicyBenefitRemeasurementGainLoss | $-342,000 | $-403,000 | $-467,000 | $-408,000 |
| Share-based Payment Arrangement, Expense | $60,000 | $58,000 | $67,000 | $67,000 |
| Share-based Payment Arrangement, Expense, after Tax | $48,000 | $45,000 | $53,000 | $53,000 |
| Share-based Payment Arrangement, Cash Used to Settle Award | $24,000 | $25,000 | $28,000 | $28,000 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Liabilities and Equity | $379,270,000 | $389,397,000 | $413,547,000 | $415,793,000 |
| Cash | $612,000 | $806,000 | $447,000 | $353,000 |
| Accrued Investment Income Receivable | $2,008,000 | $2,169,000 | $2,379,000 | $2,413,000 |
| Premiums and Other Receivables, Net | $594,000 | $713,000 | $648,000 | $464,000 |
| Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net | $10,011,000 | $10,293,000 | $8,885,000 | $8,836,000 |
| MarketRiskBenefitAssetAmount | $912,000 | $1,332,000 | $2,392,000 | $2,492,000 |
| Other Assets | $2,294,000 | $1,844,000 | $4,435,000 | $5,066,000 |
| Separate Account Asset | $91,005,000 | $93,888,000 | $95,585,000 | $98,771,000 |
| Liability for Future Policy Benefit, before Reinsurance | $57,108,000 | $56,272,000 | $60,971,000 | $59,541,000 |
| Policyholder Contract Deposit | $162,050,000 | $173,695,000 | $188,876,000 | $193,225,000 |
| MarketRiskBenefitLiabilityAmount | $5,705,000 | $5,616,000 | $7,309,000 | $7,723,000 |
| Other Policyholder Funds | $2,862,000 | $2,873,000 | $2,959,000 | $3,003,000 |
| Debt, Long-term and Short-term, Combined Amount | $11,872,000 | $12,392,000 | $10,906,000 | $10,906,000 |
| Liabilities | $366,635,000 | $377,071,000 | $399,587,000 | $404,420,000 |
| Common Stock, Value, Outstanding | — | $7,000 | $7,000 | $7,000 |
| Treasury Stock, Common, Value | $503,000 | $2,282,000 | $4,382,000 | $5,908,000 |
| Additional Paid in Capital, Common Stock | $8,149,000 | $8,161,000 | $8,162,000 | $8,151,000 |
| Retained Earnings (Accumulated Deficit) | $17,572,000 | $19,257,000 | $18,373,000 | $18,075,000 |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $-13,458,000 | $-13,681,000 | $-9,452,000 | $-10,167,000 |
| Stockholders' Equity Attributable to Parent | $11,766,000 | $11,462,000 | $13,201,000 | $10,651,000 |
| Stockholders' Equity Attributable to Noncontrolling Interest | $869,000 | $864,000 | $759,000 | $722,000 |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $12,635,000 | $12,326,000 | $13,960,000 | $11,373,000 |
| EquitySecuritiesFvNiCurrentAndNoncurrent | $63,000 | $56,000 | $79,000 | $50,000 |
| FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss | $46,867,000 | $52,768,000 | $54,481,000 | $53,861,000 |
| Other Investments | $10,257,000 | $9,851,000 | $10,235,000 | $11,314,000 |
| Other Short-term Investments | $4,336,000 | $4,981,000 | $5,675,000 | $4,587,000 |
| Investments | $232,628,000 | $243,758,000 | $265,258,000 | $264,553,000 |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterest | $166,527,000 | $170,840,000 | $189,381,000 | $189,439,000 |
| Debt Securities, Trading | $4,578,000 | $5,262,000 | $5,407,000 | $5,302,000 |
| Short-term Debt | $250,000 | $1,101,000 | $0 | $1,250,000 |
| Common Stock, Shares Authorized | 2,500,000,000 | 2,500,000,000 | 2,500,000,000 | 2,500,000,000 |
| Common Stock, Shares, Issued | 648,148,737 | 650,189,849 | 650,189,849 | 650,189,849 |
| Treasury Stock, Common, Shares | 26,484,411 | 88,704,816 | 153,816,103 | 204,421,241 |
| DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest | $128,000 | $119,000 | $130,000 | $160,000 |
| DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestBeforeAllowanceForCreditLoss | $184,946,000 | $191,058,000 | $203,848,000 | $205,495,000 |
| FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest | $698,000 | $771,000 | $727,000 | $783,000 |
| Allowance for Doubtful Accounts, Premiums and Other Receivables | $1,000 | $1,000 | $1,000 | $1,000 |
| Deferred Income Tax Assets, Net | $8,577,000 | $7,903,000 | — | $7,401,000 |
| Common Stock, Value, Issued | $6,000 | — | — | $7,000 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $3,000 | $1,000 | $1,000 | $2,000 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $-2,000 | $196,000 | $-371,000 | $62,000 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $628,000 | $824,000 | $453,000 | $432,000 |
| Net Cash Provided by (Used in) Discontinued Operations | $-3,000 | $0 | $0 | $0 |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $1,036,000 | $2,203,000 | $-390,000 | $876,000 |
| Net Cash Provided by (Used in) Operating Activities | $3,357,000 | $2,151,000 | $2,021,000 | $1,852,000 |
| Net Cash Provided by (Used in) Investing Activities | $-5,476,000 | $-11,536,000 | $-13,332,000 | $-7,755,000 |
| Net Cash Provided by (Used in) Financing Activities | $2,114,000 | $9,580,000 | $10,939,000 | $5,963,000 |
| Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities | $2,321,000 | $-52,000 | $2,411,000 | $976,000 |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $8,859,000 | $16,164,000 | $19,312,000 | $19,865,000 |
| Proceeds from Sale and Collection of Mortgage Notes Receivable | $6,164,000 | $5,509,000 | $9,021,000 | $8,810,000 |
| Payments for (Proceeds from) Short-term Investments | $334,000 | $560,000 | $404,000 | $678,000 |
| Payments for (Proceeds from) Derivative Instrument, Investing Activities | $884,000 | $-119,000 | $820,000 | $-1,157,000 |
| Payments for (Proceeds from) Other Investing Activities | $-262,000 | $156,000 | $-17,000 | $-103,000 |
| Additions to Contract Holders Funds | $33,015,000 | $39,552,000 | $40,455,000 | $38,676,000 |
| Withdrawal from Contract Holders Funds | $27,957,000 | $28,136,000 | $26,652,000 | $29,005,000 |
| Repayments of Short-term Debt | $1,250,000 | $250,000 | $1,101,000 | $101,000 |
| Repayments of Long-term Debt | — | $982,000 | — | $689,000 |
| Payments of Ordinary Dividends, Common Stock | $1,722,000 | $544,000 | $511,000 | $473,000 |
| Payments to Noncontrolling Interests | $91,000 | $199,000 | $132,000 | $132,000 |
| Proceeds from Noncontrolling Interests | $96,000 | $70,000 | $51,000 | $21,000 |
| Proceeds from (Payments for) in Securities Sold under Agreements to Repurchase | $-544,000 | $567,000 | $1,466,000 | $537,000 |
| Proceeds from Issuance of Preferred Stock and Preference Stock | — | — | $493,000 | $493,000 |
| Proceeds from Issuance of Common Stock | — | $1,000 | $0 | $0 |
| Payments for Repurchase of Common Stock | $498,000 | $1,792,000 | $2,118,000 | $3,036,000 |
| Proceeds from (Payments for) Other Financing Activities | $139,000 | $-267,000 | $-599,000 | $-605,000 |
| Cash | $612,000 | $806,000 | $447,000 | $427,000 |
| Restricted Cash and Cash Equivalents, Current | $3,000 | $4,000 | $4,000 | $3,000 |
| Restricted Cash and Cash Equivalents, Noncurrent | $13,000 | $14,000 | $2,000 | $2,000 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $583,000 | $538,000 | $584,000 | $552,000 |
| Income Taxes Paid, Net | $20,000 | $252,000 | $192,000 | $-5,000 |
| Noncash Contribution Expense | $16,000 | $18,000 | $2,000 | $4,000 |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $676,000 | $245,000 | $0 | $2,000 |
| Unrealized Gain (Loss) on Investments | $-1,797,000 | $-870,000 | $-1,169,000 | $-271,000 |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | $-8,000 | $-65,000 | $-10,000 | $-14,000 |
| Depreciation, Amortization and Accretion, Net | $366,000 | $193,000 | $556,000 | $711,000 |
| Asset Impairment Charges | $69,000 | $69,000 | $52,000 | $45,000 |
| Increase (Decrease) in Liability for Claims and Claims Adjustment Expense Reserve | $770,000 | $980,000 | $630,000 | $188,000 |
| Increase (Decrease) in Funds Held under Reinsurance Agreements | $137,000 | $1,420,000 | $644,000 | $854,000 |
| Increase (Decrease) in Deferred Policy Acquisition Costs | $1,260,000 | $1,377,000 | $1,381,000 | $1,297,000 |
| Increase (Decrease) in Other Operating Assets and Liabilities, Net | $-1,134,000 | $412,000 | $523,000 | $205,000 |
| Proceeds from Sale of Debt Securities, Available-for-sale | $7,400,000 | $8,080,000 | $13,690,000 | $12,346,000 |
| Proceeds from Sale of Debt and Equity Securities, FV-NI, Held-for-investment | $988,000 | $1,113,000 | $3,888,000 | $5,286,000 |
| Proceeds from Sale and Maturity of Other Investments | $1,367,000 | $1,733,000 | $1,764,000 | $2,092,000 |
| Proceeds from Divestiture of Businesses, Net of Cash Divested | $747,000 | $577,000 | $0 | $9,000 |
| Payments to Acquire Debt Securities, Available-for-sale | $18,321,000 | $29,644,000 | $44,452,000 | $40,553,000 |
| Payments to Acquire Trading Securities Held-for-investment | $1,379,000 | $1,669,000 | $3,867,000 | $4,410,000 |
| Payments to Acquire Other Investments | $1,172,000 | $924,000 | $1,496,000 | $3,037,000 |
| Payments to Acquire Mortgage Notes Receivable | $9,168,000 | $11,878,000 | $9,985,000 | $8,745,000 |
| Payments to Acquire Businesses, Net of Cash Acquired | $5,000 | $0 | $0 | $0 |
| Payments for Reinsurance | — | — | $600,000 | $600,000 |
| Lessee, Operating Lease, Liability, to be Paid, Year One | $9,000 | $16,000 | $18,000 | $18,000 |
| Lessee, Operating Lease, Liability, to be Paid, Year Two | $7,000 | $15,000 | $13,000 | $13,000 |
| Lessee, Operating Lease, Liability, to be Paid, Year Three | $6,000 | $10,000 | $11,000 | $11,000 |
| Lessee, Operating Lease, Liability, to be Paid, Year Four | $3,000 | $9,000 | $9,000 | $9,000 |
| Lessee, Operating Lease, Liability, to be Paid, Year Five | $2,000 | $7,000 | $9,000 | $9,000 |
| Lessee, Operating Lease, Liability, to be Paid, after Year Five | $1,000 | $46,000 | $41,000 | $41,000 |
| Lessee, Operating Lease, Liability, to be Paid | $28,000 | $103,000 | $101,000 | $101,000 |
| Lessee, Operating Lease, Liability, Undiscounted Excess Amount | $2,000 | $23,000 | $21,000 | $21,000 |
| Operating Lease, Liability | $26,000 | $80,000 | $80,000 | $80,000 |
| Proceeds from Short-term Debt | $0 | $0 | — | $0 |