F&G Annuities & Life, Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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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, 2026 · Filed Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars and shares in millions, except per share data)
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (Unaudited) · (Unaudited) | ||||
| Revenues | ||||
| Life insurance premiums and other fees | $330 | $711 | $1,203 | $1,808 |
| Interest and investment income | 698 | 748 | 2,139 | 2,096 |
| Owned distribution revenues | 20 | 24 | 56 | 63 |
| Recognized gains and (losses), net | 83 | 211 | 341 | (1) |
| Total revenues | 1,131 | 1,694 | 3,739 | 3,966 |
| Benefits and expenses | ||||
| Benefits and other changes in policy reserves (remeasurement gains (losses)) (a) | 26 | 1,181 | 1,659 | 2,698 |
| Market risk benefit (gains) losses | (167) | 43 | (62) | 148 |
| Depreciation and amortization | 191 | 180 | 539 | 491 |
| Personnel costs | 73 | 79 | 210 | 223 |
| Other operating expenses | 30 | 38 | 104 | 121 |
| Interest expense | 42 | 42 | 124 | 123 |
| Total benefits and expenses | 195 | 1,563 | 2,574 | 3,804 |
| Earnings before income taxes | 936 | 131 | 1,165 | 162 |
| Income tax expense | 195 | 11 | 250 | 21 |
| Net earnings | 741 | 120 | 915 | 141 |
| Less: Non-controlling interests | 1 | 2 | 3 | 4 |
| Net earnings attributable to F&G | 740 | 118 | 912 | 137 |
| Less: Preferred stock dividend | 4 | 4 | 13 | 13 |
| Net earnings attributable to F&G common shareholders | $736 | $114 | $899 | $124 |
| Earnings per share | ||||
| Basic | ||||
| Net earnings per share attributable to F&G common shareholders, basic | $5.71 | $0.86 | $6.86 | $0.95 |
| Diluted | ||||
| Net earnings per share attributable to F&G common shareholders, diluted | $5.48 | $0.85 | $6.66 | $0.94 |
| Weighted average shares outstanding F&G common stock, basic basis | 129 | 133 | 131 | 131 |
| Weighted average shares outstanding F&G common stock, diluted basis | 135 | 139 | 137 | 132 |
(a)The remeasurement gains for the three and nine months ended September 30, 2026 were $11 million and $19 million, respectively. The remeasurement (losses) gains for the three and nine months ended September 30, 2025 were $(2) million and $30 million, respectively.
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