| Balance Sheets | 2025-09-30 | |||
|---|---|---|---|---|
| Fixed maturity securities, available-for-sale securities, amortized cost | 18,340 | |||
| Fixed maturity securities, available-for-sale securities, allowance for credit losses | -21 | |||
| Gross unrealized gains | 198 | |||
| Gross unrealized losses | -258 | |||
| Asset Backed Securities | 18,259 | |||
| Fixed maturity securities, available-for-sale securities, amortized cost | 5,480 | |||
| Fixed maturity securities, available-for-sale securities, allowance for credit losses | -55 | |||
| Gross unrealized gains | 66 | |||
| Gross unrealized losses | -149 | |||
| Commercial Mortgage Backed Securities | 5,342 | |||
| Fixed maturity securities, available-for-sale securities, amortized cost | 24,357 | |||
| Fixed maturity securities, available-for-sale securities, allowance for credit losses | -19 | |||
| Gross unrealized gains | 326 | |||
| Gross unrealized losses | -2,244 | |||
| Corporate Debt Securities | 22,420 | |||
| Fixed maturity securities, available-for-sale securities, amortized cost | 596 | |||
| Gross unrealized gains | 5 | |||
| Gross unrealized losses | -19 | |||
| Hybrids | 582 | |||
| Fixed maturity securities, available-for-sale securities, amortized cost | 1,575 | |||
| Gross unrealized gains | 6 | |||
| Gross unrealized losses | -207 | |||
| Municipals | 1,374 | |||
| Fixed maturity securities, available-for-sale securities, amortized cost | 2,968 | |||
| Fixed maturity securities, available-for-sale securities, allowance for credit losses | -1 | |||
| Gross unrealized gains | 68 | |||
| Gross unrealized losses | -71 | |||
| Residential Mortgage Backed Securities | 2,964 | |||
| Fixed maturity securities, available-for-sale securities, amortized cost | 421 | |||
| Gross unrealized gains | 2 | |||
| Gross unrealized losses | -1 | |||
| USGovernment Agencies Debt Securities | 422 | |||
| Fixed maturity securities, available-for-sale securities, amortized cost | 268 | |||
| Gross unrealized gains | 4 | |||
| Gross unrealized losses | -34 | |||
| Foreign Government Debt Securities | 238 | |||
| Fixed maturity securities available for sale, at fair value, at september30, 2025 and december31, 2024, at an amortized cost of 54,005 and 49,729, respectively, net of allowance for credit losses of 96 and 62, respectively | 51,601 | |||
| Preferred and equity securities, at fair value-Preferred Stock | 248 | |||
| Preferred and equity securities, at fair value-Equity Securities | 104 | |||
| Derivative investments | 1,222 | |||
| Mortgage loans, net of allowance for credit losses of 77 and 70, at september30, 2025 and december31, 2024, respectively | 7,391 | |||
| Investments in unconsolidated affiliates (certain investments at fair value of 270 and 272, at september30, 2025 and december31, 2024, respectively) | 4,731 | |||
| Other long-term investments | 1,022 | |||
| Policy loans | 136 | |||
| Short-term investments | 910 | |||
| Total investments | 67,365 | |||
| Cash and cash equivalents | 2,189 | |||
| Reinsurance recoverable, net of allowance for credit losses of 18 and 20, at september30, 2025 and december31, 2024, respectively | 16,843 | |||
| Goodwill | 2,180 | |||
| Prepaid expenses and other assets (certain assets held at fair value of 18 and 11, at september30, 2025 and december31, 2024, respectively) | 1,042 | |||
| Value of business acquired (voba) | 1,232 | |||
| Deferred acquisition costs (dac) | 3,495 | |||
| Deferred sales inducements (dsi) | 821 | |||
| Definite lived-Value Of Distribution Asset | 65 | |||
| Definite lived-Computer Software Intangible Asset | 79 | |||
| Definite lived-Trademarks Tradenames And Other | 156 | |||
| Definite lived-Customer Relationships | 241 | |||
| Indefinite lived tradenames and other-Trademarks And Trade Names | 8 | |||
| Other intangible assets, net | 6,097 | |||
| Market risk benefits asset | 242 | |||
| Income taxes receivable | 67 | |||
| Deferred tax asset, net | 112 | |||
| Total assets | 96,137 | |||
| Contractholder funds | 61,798 | |||
| Future policy benefits | 10,055 | |||
| Market risk benefits liability | 830 | |||
| Accounts payable and accrued liabilities | 2,696 | |||
| Income taxes payable | 0 | |||
| Notes payable | 2,236 | |||
| Funds withheld for reinsurance liabilities | 13,582 | |||
| Total liabilities | 91,197 | |||
| Additional paid-in-capital | 3,755 | |||
| Retained earnings | 2,478 | |||
| Accumulated other comprehensive (loss) income ('aoci') | -1,376 | |||
| Treasury stock, at cost (1,209,989 and 1,159,299 shares, as of september30, 2025 and december31, 2024, respectively) | 33 | |||
| Total f&g annuities & life, inc. shareholders' equity | 4,824 | |||
| Non-controlling interests | 116 | |||
| Total equity | 4,940 | |||
| Total liabilities and equity | 96,137 | |||
F&G Annuities & Life, Inc. (FGSN)
F&G Annuities & Life, Inc. (FGSN)