F&G Annuities & Life, Inc.

F&G Annuities & Life announced significant executive leadership changes. Chris Blunt will retire as CEO of F&G effective June 30, 2026, to focus on his roles as a Director of F&G and CEO of subsidiary Peak Altitude, where he will explore strategic alternatives. Conor Murphy, currently President and CFO, will succeed Blunt as CEO and President. Additionally, Michael Bailey will join the company as Executive Vice President, Chief Financial Officer, effective August 3, 2026, with Mark Wiltse serving as Interim CFO until then.

F&G Annuities & Life reported a significant turnaround in the first quarter of 2026, with net earnings attributable to common shareholders reaching $244 million, compared to a $25 million loss in the prior year. Total revenues increased to $1.19 billion. The company also completed the sale of its Bermuda-based subsidiary, F&G Life Re, for $102 million in cash and a 19.9% interest, generating a $14 million pre-tax gain. Additionally, F&G approved a new $100 million share repurchase program and declared a quarterly common stock dividend of $0.25 per share.

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.

F&G Annuities & Life, Inc. (FG) announced its 2026 Annual Meeting of Shareholders will be held virtually on June 24, 2026, at 11:00 a.m. Central Time. Key proposals include the election of three Class I directors, a non-binding advisory vote on executive compensation, and the ratification of Ernst & Young LLP as the independent auditor for 2026. The company highlighted strong 2025 performance, including record AUM of $73.1 billion and $137 million returned to shareholders.