F&G Annuities & Life, Inc. (FG)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Life-contingent pension risk transfer premiums | - | 311 | - | - |
| Policyholder fees and other income | - | 111 | - | - |
| Surrender charges | - | 57 | - | - |
| Traditional life insurance and life-contingent immediate annuity premiums | - | 10 | - | - |
| Change in fair value of reinsurance related embedded derivatives | - | -41 | - | - |
| Realized (losses) gains on certain derivative instruments | - | -25 | - | - |
| Unrealized (losses) gains on certain derivative instruments | - | -159 | - | - |
| Net realized/ unrealized (losses) gains on derivatives and embedded derivatives | - | -225 | - | - |
| Net realized (losses) on fixed maturity available-for-sale securities | - | -1 | - | - |
| Net realized/unrealized (losses) gains on equity securities and (losses) gains on preferred securities | - | -15 | - | - |
| Change in allowance for expected credit losses | - | -22 | - | - |
| Net realized/unrealized gains on other invested assets | - | -1 | - | - |
| Limited partnerships-limited partnership | - | 54 | - | - |
| Invested cash and short term investments | - | 34 | - | - |
| Mortgage loans | - | 82 | - | - |
| Debt securities | - | 549 | - | - |
| Equity securities | - | 5 | - | - |
| Other investments | - | 2 | - | - |
| Preferred stock | - | 3 | - | - |
| Gross investment income | - | 729 | - | - |
| Investment expense | - | -63 | - | - |
| Change in fair value of reinsurance related embedded derivatives | - | - | -178 | 10 |
| Change in fair value of other derivatives and embedded derivatives | - | - | 3 | - |
| Realized gains (losses) on certain derivative instruments | - | - | 30 | 14 |
| Unrealized gains (losses) on certain derivative instruments | - | - | 347 | -55 |
| Realized gains (losses) on derivatives and embedded derivatives | - | - | 202 | -31 |
| Net realized gains (losses) on fixed maturity available-for-sale securities | - | - | -2 | 23 |
| Net realizedunrealized (losses) gains on equity securities and gains (losses) on preferred securities | - | - | 3 | 9 |
| Change in allowance for expected credit losses | - | - | -10 | -23 |
| Net realizedunrealized gains on other invested assets | - | - | 4 | 7 |
| Limited partnerships | - | - | 83 | 97 |
| Gross investment income | - | - | 786 | 756 |
| Investment expense | - | - | 74 | 72 |
| Total revenues | 1,364 | 908 | 1,444 | 1,172 |
| Other operating expenses | 42 | 41 | 45 | 46 |
| Market risk benefit (gains) losses | 4 | -109 | -71 | -20 |
| Personnel costs | 77 | 67 | 80 | 69 |
| Interest expense | 41 | 40 | 36 | 28 |
| Depreciation and amortization | 158 | 153 | 147 | 147 |
| Benefits and other changes in policy reserves (remeasurement gains) | 993 | 524 | 1,095 | 608 |
| Total benefits and expenses | 1,307 | 934 | 1,474 | 918 |
| Earnings before income taxes | 57 | -26 | -30 | 254 |
| Income tax expense | 15 | -5 | -25 | 50 |
| Net earnings | 42 | -21 | -5 | 204 |
| Less non-controlling interests | 2 | - | 1 | 1 |
| Net earnings attributable to f&g | 40 | -21 | -6 | 203 |
| Less preferred stock dividend | 5 | 4 | 4 | 5 |
| Net earnings attributable to f&g common shareholders | 35 | -25 | -10 | 198 |
| Net earnings (loss) per share attributable to f&g common shareholders, basic (in usd per share) | 0.26 | -0.2 | -0.08 | 1.6 |
| Net earnings (loss) per share attributable to f&g common shareholders, diluted (in usd per share) | 0.26 | -0.2 | -0.08 | 1.55 |
| Weighted average shares outstanding f&g common stock, basic basis (in shares) | 133,000,000 | 126,000,000 | 124,000,000 | 124,000,000 |
| Weighted average shares outstanding f&g common stock, diluted basis (in shares) | 134,000,000 | 126,000,000 | 124,000,000 | 131,000,000 |