For the quarter ending 2025-09-30, FG had $305M increase in cash & cash equivalents over the period.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net earnings | 120 | 21 |
| Depreciation and amortization | 180 | 311 |
| (gain) loss on sales of investments and other assets and asset impairments, net | -59 | -117 |
| Interest credited/index credits to contractholder account balances | -271 | 608 |
| Change in market risk benefits, net | -43 | -105 |
| Deferred policy acquisition costs and deferred sales inducements | 311 | 645 |
| Charges assessed to contractholders for mortality and administration | 83 | 165 |
| Distributions from unconsolidated affiliates, return on investment | 35 | 85 |
| Stock-based compensation cost | 8 | 14 |
| Change in nav of limited partnerships, net | 105 | 126 |
| Change in valuation of derivatives, equity and preferred securities and other assets, net | 274 | -95 |
| Change in reinsurance recoverable | -8 | 5 |
| Change in derivative collateral liabilities | 49 | 95 |
| Change in future policy benefits | 430 | 548 |
| Change in funds withheld from reinsurers | 1,041 | 1,607 |
| Net change in income taxes | 12 | -33 |
| Net change in other assets and other liabilities | 4 | 56 |
| Net cash provided by operating activities | 937 | 2,576 |
| Proceeds from sales, calls and maturities of investments | 3,483 | 6,109 |
| Additions to property and equipment and capitalized software | 3 | 9 |
| Purchases of investment securities | 4,819 | 11,251 |
| Net proceeds from sales, maturities and purchases of short-term investment securities | 149 | -1,802 |
| Other acquisitions/disposals, net of cash acquired | 0 | 0 |
| Additional investments in unconsolidated affiliates | 520 | 1,077 |
| Net increase in policy loans | 11 | 21 |
| Distributions from unconsolidated affiliates, return of investment | 150 | 180 |
| Net change in notes receivable | 0 | 6 |
| Net cash used in investing activities | -1,869 | -4,273 |
| Borrowings | 0 | 375 |
| Debt issuance costs | 0 | 11 |
| Payment of contingent consideration for acquisitions | 0 | 10 |
| Repayments of outstanding debt | 0 | 300 |
| Dividends paid | 33 | 65 |
| Dividends and distributions paid to non-controlling interest shareholders | 5 | 8 |
| Purchases of treasury stock | 0 | 3 |
| Issuance of preferred stock | 0 | 0 |
| Issuance of common stock | 0 | 269 |
| Contractholder account deposits | 3,491 | 5,500 |
| Contractholder account withdrawals | 2,216 | 4,430 |
| Net cash provided by financing activities | 1,237 | 1,317 |
| Net (decrease) increase in cash and cash equivalents | 305 | -380 |
| Cash and cash equivalents at beginning of period | 2,264 | - |
| Cash and cash equivalents at end of period | 2,189 | - |
F&G Annuities & Life, Inc. (FG)
F&G Annuities & Life, Inc. (FG)