For the quarter ending 2026-03-31, FGN had -$162M decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net earnings (loss) | 249 | 130 | 141 |
| Depreciation and amortization | 173 | 174 | 491 |
| (gain) loss on sales of investments and other assets and asset impairments, net | -30 | 48 | -176 |
| (gain) on sale of f&g life re | 14 | - | - |
| Interest credited/index credits to contractholder account balances | 49 | -135 | 337 |
| Change in market risk benefits, net | -73 | -19 | -148 |
| Deferred policy acquisition costs and deferred sales inducements | 284 | 330 | 956 |
| Charges assessed to contractholders for mortality and administration | 115 | 82 | 248 |
| Distributions from unconsolidated affiliates, return on investment | 31 | 56 | 120 |
| Stock-based compensation cost | 9 | 9 | 22 |
| Change in nav of limited partnerships, net | 106 | 118 | 231 |
| Change in valuation of derivatives, equity and preferred securities and other assets, net | -16 | -35 | 179 |
| Change in reinsurance recoverable | -11 | 8 | -3 |
| Change in derivative collateral liabilities | -396 | 105 | 144 |
| Change in future policy benefits | 197 | 732 | 978 |
| Change in funds withheld from reinsurers | 787 | 629 | 2,648 |
| Net change in income taxes | 68 | 43 | -21 |
| Net change in other assets and other liabilities | 35 | 43 | 60 |
| Net cash provided by operating activities | 743 | 1,168 | 3,513 |
| Proceeds from sales, calls and maturities of investments | 2,832 | 4,702 | 9,592 |
| Additions to property and equipment and capitalized software | 2 | 3 | 12 |
| Purchases of investment securities | 3,758 | 6,428 | 16,070 |
| Net proceeds from sales, maturities and purchases of short-term investment securities | -52 | 118 | -1,653 |
| Other acquisitions/disposals, net of cash acquired | -88 | 0 | 0 |
| Additional investments in unconsolidated affiliates | 263 | 789 | 1,597 |
| Net increase in policy loans | 10 | 11 | 32 |
| Distributions from unconsolidated affiliates, return of investment | 122 | 364 | 330 |
| Net change in notes receivable | 0 | 4 | 6 |
| Net cash used in investing activities | -939 | -2,287 | -6,142 |
| Borrowings | 0 | 0 | 375 |
| Debt issuance costs | 0 | 0 | 11 |
| Payment of contingent consideration for acquisitions | 7 | 0 | 10 |
| Net revolving credit facility (repayments) borrowings | - | 0 | - |
| Repayments of outstanding debt | 0 | 0 | 300 |
| Dividends paid | 38 | 39 | 98 |
| Dividends and distributions paid to non-controlling interest shareholders | 4 | 5 | 13 |
| Purchases of treasury stock | 29 | 7 | 3 |
| Issuance of preferred stock | - | 0 | 0 |
| Issuance of common stock | 0 | 0 | 269 |
| Contractholder account deposits | 2,669 | 2,584 | 8,991 |
| Contractholder account withdrawals | 2,557 | 2,117 | 6,646 |
| Net cash provided by financing activities | 34 | 416 | 2,554 |
| Net (decrease) increase in cash and cash equivalents | -162 | -703 | -75 |
| Cash and cash equivalents at beginning of period | 1,486 | 2,189 | 2,264 |
| Cash and cash equivalents at end of period | 1,324 | 1,486 | 2,189 |
F&G Annuities & Life, Inc. (FGN)
F&G Annuities & Life, Inc. (FGN)