F&G Annuities & Life, Inc.
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
View on SEC.govAbout 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.
Jun 30, 2026 · Filed Aug 6, 2026
FG$25.00-2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Condensed Consolidated Financial Statements:
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in millions, except share data)
| June 30,2026 | December 31,2025 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Investments: | ||
| Fixed maturity securities available for sale, at fair value, net of allowance for credit losses of $71 in 2026 and $104 in 2025 (amortized cost: $55,206 in 2026 and $55,292 in 2025) | $52,228 | $52,700 |
| Fixed maturity securities, at fair value under fair value option (related to investments held by consolidated variable interest entities (“VIEs”)) | 94 | — |
| Equity securities, at fair value | 293 | 341 |
| Derivative investments | 1,305 | 1,148 |
| Mortgage loans, net of allowance for credit losses of $108 in 2026 and $86 in 2025 | 9,265 | 7,891 |
| Investments in unconsolidated affiliates (2026 and 2025 include $277 and $262 related to investments held by consolidated VIEs and 2026 and 2025 include certain investments at fair value of $267 and $270) | 5,065 | 4,878 |
| Other long-term investments (2026 and 2025 include $264 and $248 related to investments held by consolidated VIEs) | 1,315 | 1,294 |
| Policy loans | 171 | 147 |
| Short-term investments (2026 and 2025 include $34 and $116 related to investments held by consolidated VIEs) | 545 | 1,043 |
| Total investments | 70,281 | 69,442 |
| Cash and cash equivalents (2026 and 2025 include $0 and $2 related to investments held by consolidated VIEs) | 2,103 | 1,486 |
| Reinsurance recoverable, net of allowance for credit losses of $19 in 2026 and $18 in 2025 | 20,876 | 17,545 |
| Goodwill | 2,124 | 2,180 |
| Prepaid expenses and other assets (certain assets held at fair value of $0 in 2026 and $24 in 2025) | 1,142 | 1,052 |
| Other intangible assets, net | 6,536 | 6,275 |
| Market risk benefits asset | 364 | 285 |
| Income taxes receivable | 81 | 83 |
| Deferred tax asset, net | 85 | 82 |
| Total assets | $103,592 | $98,430 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Contractholder funds | $64,398 | $62,726 |
| Future policy benefits | 10,856 | 10,755 |
| Market risk benefits liability | 1,102 | 903 |
| Accounts payable and accrued liabilities | 2,846 | 2,701 |
| Notes payable | 2,239 | 2,237 |
| Funds withheld for reinsurance liabilities | 17,457 | 14,191 |
| Total liabilities | 98,898 | 93,513 |
| Equity: | ||
| Preferred stock $0.001 par value; 2026 and 2025 shares authorized 25,000,000: outstanding and issued 5,000,000 | — | — |
| Common stock, $0.001 par value; 2026 and 2025 shares authorized 500,000,000; outstanding of 130,940,695 and 135,610,292; and issued of 137,004,894 and 137,056,106 | — | — |
| Additional paid-in-capital | 3,765 | 3,764 |
| Retained earnings | 2,665 | 2,568 |
| Accumulated other comprehensive income (loss) ("AOCI") | (1,658) | (1,488) |
| Treasury stock, at cost (6,064,199 shares and 1,445,814 shares as of June 30, 2026 and December 31, 2025, respectively) | (163) | (40) |
| Total F&G Annuities & Life, Inc. shareholders' equity | 4,609 | 4,804 |
| Non-controlling interests | 85 | 113 |
| Total equity | 4,694 | 4,917 |
| Total liabilities and equity | $103,592 | $98,430 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.