| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.2K | 30.7% |
| Total Income | 1.2K | 30.7% |
| Expenditure | 865.00 | 7.4% |
| PBT | — | |
| Net Profit | 248.00 | 1281.0% |
| OPM | — | |
| NPM | 20.89% | 23.21pp |
| EPS | 1.83 | 1015.0% |
F&G Annuities & Life Reports Q1 2026 Results: Net Earnings $244 Million
07 May 2026 · 7 May, 1:58 am
Summary
F&G Annuities & Life, Inc. reported financial results for the first quarter ended March 31, 2026. Net earnings attributable to common shareholders for the quarter were $244 million, or $1.78 per diluted share, compared to a net loss of $25 million, or $0.20 per share, in the same quarter of the previous year. Adjusted net earnings were $110 million, or $0.82 per share, compared to $91 million, or $0.72 per share, for the first quarter of 2025. The company achieved record assets under management before reinsurance of $74.5 billion, an 11% increase year-over-year. During the quarter, F&G returned $67 million of capital to shareholders through dividends and share repurchases.
Key Highlights
- 1
F&G achieved record assets under management before reinsurance of $74.5 billion as of March 31, 2026, an increase of 11% over the first quarter of 2025.
- 2
Net earnings attributable to common shareholders for the first quarter were $244 million, or $1.78 per diluted share.
- 3
Adjusted net earnings attributable to common shareholders for the first quarter were $110 million, or $0.82 per share, compared with $91 million, or $0.72 per share, for the first quarter of 2025.
- 4
Gross sales were $3.2 billion for the first quarter, compared with $2.9 billion for the first quarter of 2025.
- 5
During the first quarter, F&G returned $67 million of capital to shareholders through $38 million of common and preferred dividends and $29 million to repurchase 1.2 million shares of common stock.
- 6
The investment portfolio is performing well, with 97% of fixed maturities being investment grade.
Management Comments
Chris Blunt
“The first quarter was a solid start to the year, highlighted by record assets under management before reinsurance of nearly $75 billion fueled by $3.2 billion of gross sales in the quarter, including $2 billion of core sales from indexed annuities, indexed universal life and pension risk transfer, and $1.2 billion of opportunistic funding agreements and multiyear guaranteed annuities. Our high quality, diversified investment portfolio continues to perform extremely well, including our private origination portfolio, with total credit-related impairments stable and below our pricing assumptions.” Mr. Blunt continued, “Our diversified, self-funding capital model is supported by our annual inforce capital generation and third party capital through our reinsurance sidecar and our strategic flow reinsurance partnerships. Together, these sources of capital provide financial strength and flexibility to invest for growth in our core business, while consistently returning capital to shareholders through dividends and opportunistic share repurchases. During the first quarter, we returned $67 million of capital to shareholders through dividends and opportunistic share repurchases. We are executing on our strategy toward a more fee-based, higher margin and less capital intensive business model to drive long-term growth and shareholder value.”
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