Quarterly UpdatesJul 8, 2026, 04:14 PM
F&G Annuities Q2 Alt Investment Income $56M-$66M; RBC Ratio Impact
AI Summary
F&G Annuities & Life, Inc. provided preliminary financial information for Q2 2026, estimating alternative investment income between $56 million and $66 million pre-tax. This is significantly below management's long-term expected return, with pre-tax income estimated to be $65 million below target. Additionally, the company estimates new NAIC Collateralized Loan Obligation (CLO) Risk Based Capital (RBC) factor requirements could reduce its December 31, 2026 pro forma U.S. RBC ratio by approximately 10 percentage points.
Key Highlights
- Q2 2026 alternative investment income estimated at $56M-$66M pre-tax.
- Midpoint of alternative investment income range represents ~6% annualized return.
- Pre-tax alternative investment income $65M below 12% long-term target.
- Post-tax alternative investment income $51M below 12% long-term target.
- New NAIC CLO RBC factors could reduce FGL Insurance's RBC ratio by ~10 percentage points.
- New NAIC CLO RBC factors take effect on December 31, 2026.
Price Impact
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