F&G Annuities & Life Q2 Adjusted Net Earnings $85M; AUM $74.7B
F&G Annuities & Life, Inc. reported a net loss of $81 million, or $0.62 per diluted share, for the second quarter ended June 30, 2026, which included significant unfavorable mark-to-market effects. Adjusted net earnings attributable to common shareholders were $85 million, or $0.65 per share. The company achieved record assets under management before reinsurance of nearly $75 billion, an 8% increase year-over-year, and returned $128 million to shareholders during the quarter through dividends and share repurchases. Despite a decrease in overall gross sales compared to the prior year, core retail sales showed strong momentum.
Key Highlights
- Reported a net loss attributable to common shareholders of $81 million, or $0.62 per diluted share, for Q2 2026.
- Achieved adjusted net earnings attributable to common shareholders of $85 million, or $0.65 per share.
- Assets under management (AUM) before reinsurance reached a record $74.7 billion, an 8% increase year-over-year.
- Gross sales were $2.7 billion, with core retail sales at $1.8 billion, one of the strongest quarters on record.
- Returned $128 million of capital to shareholders in Q2, including $37 million in dividends and $91 million in share repurchases.
- Book value per common share, excluding AOCI, was $45.93 as of June 30, 2026.
Price Impact
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