For the quarter ending 2026-03-31, FG has $101,031M in assets. $96,282M in debts. $1,324M in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Fixed maturity securities, available-for-sale securities, amortized cost | 18,863 | 18,847 | 18,340 | - |
| Fixed maturity securities, available-for-sale securities, allowance for credit losses | -20 | -25 | -21 | - |
| Gross unrealized gains | 119 | 166 | 198 | - |
| Gross unrealized losses | -362 | -256 | -258 | - |
| Asset Backed Securities | 18,600 | 18,732 | 18,259 | - |
| Fixed maturity securities, available-for-sale securities, amortized cost | 5,135 | 5,298 | 5,480 | - |
| Fixed maturity securities, available-for-sale securities, allowance for credit losses | -63 | -61 | -55 | - |
| Gross unrealized gains | 35 | 57 | 66 | - |
| Gross unrealized losses | -154 | -139 | -149 | - |
| Commercial Mortgage Backed Securities | 4,953 | 5,155 | 5,342 | - |
| Fixed maturity securities, available-for-sale securities, amortized cost | 26,035 | 25,333 | 24,357 | - |
| Fixed maturity securities, available-for-sale securities, allowance for credit losses | - | -17 | -19 | - |
| Gross unrealized gains | 149 | 290 | 326 | - |
| Gross unrealized losses | -2,676 | -2,356 | -2,244 | - |
| Corporate Debt Securities | 23,508 | 23,250 | 22,420 | - |
| Fixed maturity securities, available-for-sale securities, amortized cost | 643 | 625 | 596 | - |
| Gross unrealized gains | 3 | 6 | 5 | - |
| Gross unrealized losses | -27 | -22 | -19 | - |
| Hybrids | 619 | 609 | 582 | - |
| Fixed maturity securities, available-for-sale securities, amortized cost | 1,546 | 1,562 | 1,575 | - |
| Gross unrealized gains | 3 | 4 | 6 | - |
| Gross unrealized losses | -219 | -211 | -207 | - |
| Municipals | 1,330 | 1,355 | 1,374 | - |
| Fixed maturity securities, available-for-sale securities, amortized cost | 2,666 | 2,840 | 2,968 | - |
| Fixed maturity securities, available-for-sale securities, allowance for credit losses | -1 | -1 | -1 | - |
| Gross unrealized gains | 59 | 76 | 68 | - |
| Gross unrealized losses | -72 | -70 | -71 | - |
| Residential Mortgage Backed Securities | 2,652 | 2,845 | 2,964 | - |
| Fixed maturity securities, available-for-sale securities, amortized cost | 437 | 495 | 421 | - |
| Gross unrealized gains | - | - | 2 | - |
| Gross unrealized losses | -3 | -2 | -1 | - |
| USGovernment Agencies Debt Securities | 434 | 493 | 422 | - |
| Fixed maturity securities, available-for-sale securities, amortized cost | 306 | 292 | 268 | - |
| Gross unrealized gains | 1 | 4 | 4 | - |
| Gross unrealized losses | -42 | -35 | -34 | - |
| Foreign Government Debt Securities | 265 | 261 | 238 | - |
| Fixed maturity securities available for sale, at fair value, net of allowance for credit losses of 84 in 2026 and 104 in 2025 (amortized cost 55,631 in 2026 and 55,292 in 2025) | 52,361 | 52,700 | 51,601 | 50,193 |
| Fixed maturity securities, at fair value under fair value option (related to investments held by consolidated variable interest entities (vies)) | 93 | - | - | - |
| Equity securities, at fair value | 336 | 341 | 248 | 249 |
| Preferred and equity securities, at fair value-Equity Securities | - | - | 104 | 92 |
| Derivative investments | 889 | 1,148 | 1,222 | 931 |
| Mortgage loans, net of allowance for credit losses of 97 in 2026 and 86 in 2025 | 8,459 | 7,891 | 7,391 | 6,940 |
| Investments in unconsolidated affiliates (2026 and 2025 include 270 and 262 related to investments held by consolidated vies and 2026 and 2025 include certain investments at fair value of 260 and 270) | 5,013 | 4,878 | 4,731 | 4,301 |
| Other long-term investments (2026 and 2025 include 246 and 248 related to investments held by consolidated vies) | 1,288 | 1,294 | 1,022 | 998 |
| Policy loans | 157 | 147 | 136 | 125 |
| Short-term investments (2026 and 2025 include 33 and 116 related to investments held by consolidated vies) | 992 | 1,043 | 910 | 760 |
| Total investments | 69,588 | 69,442 | 67,365 | 64,589 |
| Cash and cash equivalents (2026 and 2025 includes 1 and 2 related to investments held by consolidated vies) | 1,324 | 1,486 | 2,189 | 1,884 |
| Reinsurance recoverable, net of allowance for credit losses of 18 in 2026 and 2025 | 19,975 | 17,545 | 16,843 | 15,777 |
| Goodwill | 2,124 | 2,180 | 2,180 | 2,179 |
| Prepaid expenses and other assets (certain assets held at fair value of 24 in 2026 and 2025) | 1,131 | 1,052 | 1,042 | 967 |
| Value of business acquired (voba) | 1,161 | 1,196 | 1,232 | - |
| Deferred acquisition costs (dac) | 3,752 | 3,637 | 3,495 | - |
| Deferred sales inducements (dsi) | 944 | 891 | 821 | - |
| Definite lived-Value Of Distribution Asset | 60 | 62 | 65 | - |
| Definite lived-Computer Software Intangible Asset | 78 | 80 | 79 | - |
| Definite lived-Trademarks Tradenames And Other | 185 | 173 | 156 | - |
| Definite lived-Customer Relationships | 218 | 228 | 241 | - |
| Indefinite lived tradenames and other-Trademarks And Trade Names | 8 | 8 | 8 | - |
| Other intangible assets, net | 6,406 | 6,275 | 6,097 | 5,943 |
| Market risk benefits asset | 308 | 285 | 242 | 213 |
| Income taxes receivable | 78 | 83 | 67 | 6 |
| Deferred tax asset, net | 97 | 82 | 112 | 258 |
| Total assets | 101,031 | 98,430 | 96,137 | 91,816 |
| Contractholder funds | 63,474 | 62,726 | 61,798 | 59,813 |
| Future policy benefits | 10,748 | 10,755 | 10,055 | 9,463 |
| Market risk benefits liability | 968 | 903 | 830 | 711 |
| Accounts payable and accrued liabilities | 2,367 | 2,701 | 2,696 | 2,568 |
| Income taxes payable | - | 0 | 0 | 0 |
| Notes payable | 2,238 | 2,237 | 2,236 | 2,235 |
| Funds withheld for reinsurance liabilities | 16,487 | 14,191 | 13,582 | 12,469 |
| Total liabilities | 96,282 | 93,513 | 91,197 | 87,259 |
| Additional paid-in-capital | 3,773 | 3,764 | 3,755 | 3,747 |
| Retained earnings | 2,778 | 2,568 | 2,478 | 2,394 |
| Accumulated other comprehensive income (loss) ('aoci') | -1,843 | -1,488 | -1,376 | -1,670 |
| Treasury stock, at cost (2,719,350 shares and 1,445,814 shares as of march31, 2026 and december31, 2025, respectively) | 69 | 40 | 33 | 33 |
| Total f&g annuities & life, inc. shareholders' equity | 4,639 | 4,804 | 4,824 | 4,438 |
| Non-controlling interests | 110 | 113 | 116 | 119 |
| Total equity | 4,749 | 4,917 | 4,940 | 4,557 |
| Total liabilities and equity | 101,031 | 98,430 | 96,137 | 91,816 |
F&G Annuities & Life, Inc. (FG)
F&G Annuities & Life, Inc. (FG)