Earnings summaries and quarterly performance for F&G Annuities & Life.
Executive leadership at F&G Annuities & Life.
Christopher O. Blunt
Detailed
Chief Executive Officer
CEO
CE
Conor E. Murphy
Detailed
President and Chief Financial Officer
LP
Leena Punjabi
Detailed
Executive Vice President, Chief Investment Officer
ML
Michael L. Gravelle
Detailed
Executive Vice President, General Counsel and Corporate Secretary
WJ
Wendy J.B. Young
Detailed
Executive Vice President, Chief Liability Officer
WP
William P. Foley, II
Detailed
Executive Chairman of the Board
Board of directors at F&G Annuities & Life.
Research analysts who have asked questions during F&G Annuities & Life earnings calls.
JB
John Barnidge
Piper Sandler
6 questions for FG
Also covers: AFL, AIZ, AMP +17 more
MH
Mark Hughes
Truist Securities
5 questions for FG
Also covers: AIZ, AJG, AMBC +42 more
Alex Scott
Barclays PLC
3 questions for FG
Also covers: ACGL, AFL, AIG +30 more
WC
Wesley Carmichael
Autonomous Research
3 questions for FG
Also covers: ACGL, AFL, BHF +16 more
Wilma Burdis
Raymond James Financial
2 questions for FG
Also covers: AFL, ALTI, AMP +18 more
Anling Chen
Barclays
1 question for FG
MF
Maxwell Fisher
Truist Securities
1 question for FG
Also covers: OBDC, UNM
TS
Taylor Scott
BofA Securities
1 question for FG
Also covers: ACGL, AFL, AJG +12 more
Recent press releases and 8-K filings for FG.
F&G Annuities & Life Reports Strong Q4 and Full Year 2025 Results, Advances Strategic Targets
FG
Earnings
Guidance Update
Dividends
- F&G Annuities & Life reported full year 2025 adjusted net earnings of $482 million or $3.64 per share, with Q4 adjusted net earnings at $123 million or $0.91 per share.
- The company achieved $14.6 billion in gross sales for the full year 2025, including $9 billion from core products, and grew Assets Under Management (AUM) before flow reinsurance by 44% to $73 billion at year-end 2025.
- F&G's operating expense to AUM ratio improved to 50 basis points at year-end 2025, down from 60 basis points in 2024, and the company maintained a strong estimated Risk-Based Capital (RBC) ratio of approximately 430%.
- Fee income from accretive flow reinsurance increased 37% to $56 million for full year 2025, with fee-based strategies contributing approximately 15% of adjusted net earnings, projected to grow to 25% by year-end 2028.
- The public float increased from 18% to approximately 30%, and $137 million was returned to shareholders in 2025, including a 14% increase in the quarterly common stock dividend in Q4.
7 days ago
F&G Annuities & Life Reports Strong Q4 and Full Year 2025 Results, Advances Strategic Goals
FG
Earnings
Guidance Update
New Projects/Investments
- F&G Annuities & Life reported record AUM before flow reinsurance of $73.1 billion at year-end 2025, a 12% increase over year-end 2024, and full year 2025 adjusted net earnings of $482 million, or $3.64 per share.
- The company made significant progress toward its 2023 Investor Day targets, with AUM before flow reinsurance increasing 44% to $73 billion at the midpoint of the five-year horizon, and fee-based strategies contributing approximately 15% of adjusted net earnings for the full year 2025, with an expectation to grow to 25% by year-end 2028.
- F&G's operating expense to AUM before flow reinsurance decreased to 50 basis points at year-end 2025, down from 60 basis points at the end of 2024, and the company returned $137 million of capital to shareholders through dividends in 2025, including a 14% increase in the quarterly common stock dividend in Q4.
- F&G is on track to sell its Bermuda-based legal entity, F&G Life Re Limited, in Q1 2026, expecting net proceeds of approximately $300 million, which will decrease AUM by $1.9 billion and result in foregone annual adjusted net earnings of approximately $10 million per quarter.
- FNF completed the distribution of approximately 12% of F&G's common stock to FNF shareholders, increasing F&G's public float from approximately 18% to approximately 30%.
7 days ago
F&G Annuities & Life reports strong Q4 2025 results with record AUM and sales
FG
Earnings
Dividends
Guidance Update
- F&G Annuities & Life achieved record AUM before Flow Reinsurance of $73.1 billion, representing a 12% increase over year-end 2024, and reported record gross sales of $14.6 billion for the full year 2025.
- The company made significant progress toward its 2023 Investor Day targets, with AUM before flow reinsurance increasing 44% to $73 billion by year-end 2025, and is closing in on the lower end of its targeted ROA (133-155 basis points) and ROE (13%-14%) ranges.
- F&G maintained a strong capital position, ending the year with an estimated company action level RBC ratio of approximately 430% for its primary operating subsidiaries, exceeding its 400% target.
- In 2025, the company returned $137 million of capital to shareholders through common and preferred dividends, including a 14% increase in its quarterly common stock dividend in the fourth quarter.
- FNF completed the distribution of approximately 12% of F&G's outstanding common stock, which increased F&G's public float from approximately 18% to 30%, aiming to enhance market liquidity and broaden investor access.
7 days ago
F&G Annuities & Life Reports Q4 and Full Year 2025 Results
FG
Earnings
Dividends
New Projects/Investments
- F&G Annuities & Life reported FY2025 gross sales of $14.6 billion and net sales of $10.0 billion.
- The company's Assets Under Management (AUM) grew 7% year-over-year to $57.6 billion for FY2025, with AUM before flow reinsurance increasing 12% year-over-year to $73.1 billion.
- For FY2025, F&G achieved an Adjusted Return on Assets (ROA) of 0.87% and an Adjusted Return on Equity (ROE) of 8.2%. Adjusted net earnings for FY2025 were $482 million, or $3.64 per diluted share.
- F&G returned $137 million in capital to shareholders in FY2025. The company's market capitalization was $4.2 billion at December 31, 2025, with a book value per share excluding AOCI of $44.43.
- The company is executing a strategy toward a more fee-based, higher margin, and less capital-intensive business model, aiming to increase its fee-based earnings mix from approximately 15% in 2025 to about 25% by 2028.
7 days ago
F&G Annuities & Life Reports Q4 and Full Year 2025 Results
FG
Earnings
Dividends
M&A
- F&G Annuities & Life reported full year 2025 adjusted net earnings of $482 million, or $3.64 per share, and net earnings attributable to common shareholders of $248 million, or $1.88 per share. For the fourth quarter of 2025, adjusted net earnings were $123 million, or $0.91 per share, and net earnings attributable to common shareholders were $124 million, or $0.92 per diluted share.
- The company achieved record assets under management before flow reinsurance of $73.1 billion as of December 31, 2025, marking a 12% increase over year-end 2024, with gross sales reaching $14.6 billion for the full year 2025.
- F&G maintained a strong capital position with an estimated risk-based capital (RBC) ratio of approximately 430% as of December 31, 2025, above its 400% target, and returned $137 million of capital to shareholders through dividends during 2025.
- FNF completed the distribution of approximately 12% of F&G common stock to its shareholders on December 31, 2025, increasing F&G's public float to approximately 30% and resulting in a book value per common share, excluding AOCI, of $44.43 as of the same date.
Feb 19, 2026, 9:22 PM
F&G Annuities & Life Reports Q4 and Full Year 2025 Financial Results
FG
Earnings
Dividends
M&A
- F&G Annuities & Life reported adjusted net earnings of $123 million ($0.91 per diluted share) for Q4 2025, a decrease from $143 million ($1.12 per diluted share) in Q4 2024. For the full year 2025, adjusted net earnings were $482 million ($3.64 per diluted share), down from $546 million ($4.30 per diluted share) in 2024.
- The company achieved record assets under management before flow reinsurance of $73.1 billion as of December 31, 2025, representing a 12% increase over year-end 2024.
- Gross sales for the full year 2025 totaled $14.6 billion, including $3.4 billion in the fourth quarter.
- F&G maintained a strong capital position with an estimated risk-based capital (RBC) ratio of approximately 430% as of December 31, 2025, exceeding its 400% target.
- The company returned $137 million to shareholders through common and preferred dividends in full year 2025. Additionally, FNF completed the distribution of approximately 12% of F&G's common stock to its shareholders on December 31, 2025.
Feb 19, 2026, 9:15 PM
F&G: Fidelity National Financial Sets Final Distribution Ratio for 12% Stake
FG
Dividends
M&A
- Fidelity National Financial, Inc. (FNF) announced the final distribution ratio for a special stock distribution of F&G Annuities & Life, Inc. (F&G) common stock to FNF shareholders.
- The distribution will consist of 16,280,204 shares of F&G common stock, representing approximately 12% of the outstanding shares of F&G common stock.
- FNF shareholders will receive six shares of F&G common stock for every 100 shares of FNF common stock held as of the December 17, 2025 Record Date.
- The Distribution Date is December 31, 2025, and the distribution is expected to be treated as a taxable dividend for U.S. federal income tax purposes.
Dec 18, 2025, 9:19 PM
FNF Announces Final Distribution Ratio for F&G Annuities & Life Stock Distribution
FG
Dividends
M&A
- Fidelity National Financial (FNF) will distribute 16,280,204 shares of F&G Annuities & Life (F&G) common stock, representing approximately 12% of F&G's outstanding shares, to FNF shareholders.
- FNF shareholders will receive six shares of F&G common stock for every 100 shares of FNF common stock held.
- The distribution is scheduled for December 31, 2025, to FNF shareholders of record as of December 17, 2025.
- This distribution is expected to be treated as a taxable dividend for U.S. federal income tax purposes, with cash provided in lieu of any fractional shares.
Dec 18, 2025, 9:15 PM
F&G Annuities & Life Announces Special Stock Distribution by Fidelity National Financial
FG
Dividends
- Fidelity National Financial, Inc. (FNF) announced a special stock distribution of approximately 16 million shares of F&G Annuities & Life, Inc. (F&G) common stock to FNF shareholders, representing about 12% of F&G's outstanding common stock.
- The distribution is scheduled for December 31, 2025, to shareholders of record as of 4:30 p.m. ET on December 17, 2025.
- FNF shareholders are estimated to receive approximately six shares of F&G common stock for every 100 shares of FNF common stock held.
- The distribution is intended to be structured as a taxable dividend for U.S. federal income tax purposes.
- The purpose of this distribution is to unlock shareholder value by enhancing market liquidity and broadening investor access to F&G's shares.
Nov 10, 2025, 12:41 PM
FG Reports Strong Q3 2025 Financial Results
FG
Earnings
Guidance Update
New Projects/Investments
- FG reported strong Q3 2025 performance with Gross Sales of $4.2 billion, an 8% increase from Q3 2024, and Net Sales of $2.8 billion, a 17% increase from Q3 2024.
- Assets Under Management (AUM) reached $56.6 billion, an 8% year-over-year increase, while AUM before flow reinsurance grew 14% year-over-year to $71.4 billion.
- The company achieved Adjusted Net Earnings (ANE) of $165 million or $1.22 per diluted share in Q3 2025, with an Adjusted Return on Equity (ROE) of 8.8%.
- FG returned $98 million in capital to shareholders year-to-date through Q3 2025.
- The company is making progress toward its 2023 Investor Day targets, which include growing AUM by 50% and increasing adjusted ROE ex AOCI and significant items to 13-14%.
Nov 7, 2025, 2:00 PM
Quarterly earnings call transcripts for F&G Annuities & Life.
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