For the year ending 2025-12-31, FG had -$778M decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 |
|---|---|
| Net earnings (loss) | 271 |
| Depreciation and amortization | 665 |
| (gain) loss on sales of investments and other assets and asset impairments, net | -128 |
| Interest credited/index credits to contractholder account balances | 202 |
| Change in market risk benefits, net | -167 |
| Deferred policy acquisition costs and deferred sales inducements | 1,286 |
| Charges assessed to contractholders for mortality and administration | 330 |
| Distributions from unconsolidated affiliates, return on investment | 176 |
| Stock-based compensation cost | 31 |
| Change in nav of limited partnerships, net | 349 |
| Change in valuation of derivatives, equity and preferred securities and other assets, net | 144 |
| Change in reinsurance recoverable | 5 |
| Change in derivative collateral liabilities | 249 |
| Change in future policy benefits | 1,710 |
| Change in funds withheld from reinsurers | 3,277 |
| Net change in income taxes | 22 |
| Net change in other assets and other liabilities | 103 |
| Net cash provided by operating activities | 4,681 |
| Proceeds from sales, calls and maturities of investments | 14,294 |
| Additions to property and equipment and capitalized software | 15 |
| Purchases of investment securities | 22,498 |
| Net proceeds from sales, maturities and purchases of short-term investment securities | -1,535 |
| Other acquisitions/disposals, net of cash acquired | 0 |
| Additional investments in unconsolidated affiliates | 2,386 |
| Net increase in policy loans | 43 |
| Distributions from unconsolidated affiliates, return of investment | 694 |
| Net change in notes receivable | 10 |
| Net cash used in investing activities | -8,429 |
| Borrowings | 375 |
| Debt issuance costs | 11 |
| Payment of contingent consideration for acquisitions | 10 |
| Net revolving credit facility (repayments) borrowings | 0 |
| Repayments of outstanding debt | 300 |
| Dividends paid | 137 |
| Dividends and distributions paid to non-controlling interest shareholders | 18 |
| Purchases of treasury stock | 10 |
| Issuance of preferred stock | 0 |
| Issuance of common stock | 269 |
| Contractholder account deposits | 11,575 |
| Contractholder account withdrawals | 8,763 |
| Net cash provided by (used in) financing activities | 2,970 |
| Net (decrease) increase in cash and cash equivalents | -778 |
| Cash and cash equivalents at beginning of period | 2,264 |
| Cash and cash equivalents at end of period | 1,486 |
F&G Annuities & Life, Inc. (FG)
F&G Annuities & Life, Inc. (FG)