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FG Annuities Life Inc

For the period ended Sep 30, 2024. Filed Nov 7, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 7, 2024

FG$25.55+9.3%Stored close · as of Nov 9, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number 001-41490

F&G Annuities & Life, Inc.

(Exact name of registrant as specified in its charter)

Delaware85-2487422
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

801 Grand Avenue, Suite 2600

Des Moines, Iowa 50309

(Address of principal executive offices, including zip code)

(866)846-4660

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.001 per shareFGNew York Stock Exchange
7.950% Senior Notes due 2053FGNNew York Stock Exchange

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer☐Accelerated filer☒
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐ No ☒

The registrant had outstanding 126,093,561 shares of common stock as of October 31, 2024.

FORM 10-Q

QUARTERLY REPORT

Quarter Ended September 30, 2024

TABLE OF CONTENTS

Page
PART I. FINANCIAL INFORMATION4
Item 1. Condensed Consolidated Financial Statements:4
Condensed Consolidated Balance Sheets (unaudited)4
Condensed Consolidated Statements of Operations (unaudited)5
Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited)6
Condensed Consolidated Statements of Equity (unaudited)7
Condensed Consolidated Statements of Cash Flows (unaudited)9
Notes to Unaudited Condensed Consolidated Financial Statements10
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations71
Item 3. Quantitative and Qualitative Disclosures about Market Risk100
Item 4. Controls and Procedures102
PART II. OTHER INFORMATION
Item 1. Legal Proceedings103
Item 1A. Risk Factors103
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities104
Item 3. Defaults Upon Senior Securities104
Item 4. Mine Safety Disclosures105
Item 5. Other Information105
Item 6. Exhibits106
Signatures107
ContentsView on SEC.gov

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