Quarterly ResultMay 6, 2026, 04:28 PM
F&G Q1 Net Earnings $244M; Adjusted EPS $0.82; AUM $74.5B
AI Summary
F&G Annuities & Life reported strong first-quarter 2026 financial results, with net earnings attributable to common shareholders of $244 million, a significant improvement from a net loss in the prior year. Adjusted net earnings increased 21% to $110 million, or $0.82 per diluted share. The company achieved record assets under management before reinsurance of $74.5 billion, an 11% increase year-over-year, driven by $3.2 billion in gross sales. F&G also returned $67 million to shareholders and authorized a new $100 million share repurchase program.
Key Highlights
- Net earnings attributable to common shareholders were $244 million, or $1.78 per diluted share, compared to a $25 million net loss in Q1 2025.
- Adjusted net earnings increased 21% to $110 million, or $0.82 per diluted share, up from $91 million in Q1 2025.
- Assets under management before reinsurance reached a record $74.5 billion, an 11% increase from Q1 2025.
- Gross sales for the quarter were $3.2 billion, up 10% from $2.9 billion in Q1 2025.
- Net sales were $2.2 billion, consistent with $2.18 billion in Q1 2025.
- Returned $67 million of capital to shareholders, including $38 million in dividends and $29 million in share repurchases.
- Board authorized a new three-year share repurchase program for up to $100 million of common stock.
- Closed the sale of F&G Life Re Ltd, ceding a $1.8 billion inforce block.