NYSEFinancialsLife & Health InsuranceS&P SmallCap 600
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Close of Nov 06, 2026 · end-of-day data
FG 8-K filings, explained
Every material Form 8-K F&G Annuities & Life has filed with the SEC since January 07, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
F&G Annuities & Life reported third-quarter 2026 net earnings to common shareholders of $736 million, or $5.48 per diluted share, up from $114 million, or $0.85 per share, a year earlier. Adjusted net earnings fell to $96 million, or $0.74 per share, from $165 million, or $1.22 per share, and total revenues declined to $1,131 million from $1,694 million, so the headline measures point in different directions for shareholders.
GAAP net earnings to common shareholders were $736 million ($5.48 per diluted share), including $648 million of net favorable mark-to-market effects excluded from adjusted results
Adjusted net earnings were $96 million ($0.74 per share), versus $165 million ($1.22 per share) in the third quarter of 2025
Assets under management before reinsurance were $76.2 billion as of September 30, 2026, up 7% from a year earlier; net sales were $1.4 billion versus $2.8 billion
Capital returned to shareholders in the first nine months of 2026 totaled $232 million, including $112 million of dividends and $120 million of share repurchases
F&G Annuities & Life said it expects pre-tax investment income from alternative investments of about $47 million to $57 million for the quarter ended September 30, 2026, based on preliminary results. The company said this is about $70 million pre-tax and $55 million post-tax below its long-term expected return of about 12%, and that the figures are unaudited and not yet closed, so final results could differ materially.
Estimated Q3 2026 alternative investment income: $47 million to $57 million pre-tax, midpoint an annualized return of about 5%
Shortfall versus management's roughly 12% long-term expected return: $70 million pre-tax, $55 million post-tax
Full third-quarter results scheduled for November 5, 2026; management plans further updates on the November 6, 2026 earnings call
F&G Annuities & Life reported a second-quarter 2026 net loss attributable to common shareholders of $81 million, or $0.62 per diluted share, compared with net earnings of $35 million, or $0.26 per share, a year earlier. Adjusted net earnings, which exclude mark-to-market effects and other items, declined to $85 million, or $0.65 per share, from $103 million, or $0.77 per share, while total revenues rose to $1.4 billion from $1.36 billion.
Net loss of $81 million ($0.62 per diluted share) for the quarter ended June 30, 2026, versus net earnings of $35 million ($0.26 per share) in the prior-year quarter
Adjusted net earnings of $85 million ($0.65 per share), down from $103 million ($0.77 per share); alternative investment income was $49 million below the long-term expected return
Assets under management before reinsurance reached a record $74.7 billion as of June 30, 2026, up 8% from a year earlier; gross sales were $2.7 billion
The company returned $128 million to shareholders in the quarter, including $91 million of share repurchases
F&G Annuities & Life said preliminary estimates show its investment income from alternative investments for the quarter ended June 30, 2026 will be about $56 million to $66 million pre-tax, below management's long-term expected return of about 12%. The company also estimated that new NAIC CLO risk-based capital factors, effective December 31, 2026, could lower FGL Insurance's pro forma U.S. RBC ratio by about 10 percentage points. The figures are unaudited and the quarter's financial close is not complete, so results could differ materially.
Estimated Q2 2026 alternative investment income of $56 million to $66 million pre-tax, with a midpoint annualized return of about 6%
Estimated shortfall versus the roughly 12% expected return: $65 million pre-tax and $51 million post-tax
New NAIC CLO RBC factors effective December 31, 2026 could reduce FGL Insurance's pro forma U.S. RBC ratio by about 10 percentage points
Full second-quarter results are scheduled for August 5, 2026, with further updates on the August 6, 2026 earnings call
F&G Annuities & Life said CEO Chris Blunt will step down as chief executive effective June 30, 2026, and remain a director and CEO of subsidiary Peak Altitude Equity, LLC. President and CFO Conor Murphy will become CEO and President, and Michael Bailey, formerly Retail CFO of Corebridge Financial, will join as CFO on August 3, 2026, with Chief Accounting Officer Mark Wiltse serving as interim CFO until then. Blunt will lead a formal process to explore strategic alternatives for Peak Altitude.
Chris Blunt steps down as CEO effective June 30, 2026; he stays on the Board and as CEO of Peak Altitude
Conor Murphy named CEO and President effective June 30, 2026; his 2026 target bonus is 150% after proration and he may receive a $6.0 million equity grant
Michael Bailey joins as EVP and CFO on August 3, 2026, with a $550,000 minimum base salary, a $620,000 cash bonus and a $620,000 performance-based stock award
Mark Wiltse serves as interim CFO from June 30, 2026 until August 3, 2026
F&G Annuities & Life reported first-quarter 2026 net earnings attributable to common shareholders of $244 million, or $1.78 per diluted share, compared with a net loss of $25 million, or $0.20 per share, in the first quarter of 2025. Adjusted net earnings, a non-GAAP measure, rose to $110 million, or $0.82 per share, from $91 million, or $0.72 per share, and the Board authorized a new $100 million share repurchase program.
Adjusted net earnings were $110 million, or $0.82 per share, versus $91 million, or $0.72 per share, a year earlier.
GAAP net earnings included $147 million of net favorable mark-to-market effects, which are excluded from adjusted net earnings.
AUM before reinsurance reached $74.5 billion as of March 31, 2026, up 11% from the first quarter of 2025.
On March 13, 2026, the Board authorized a three-year repurchase program of up to $100 million; no shares had been repurchased under it as of March 31, 2026.
F&G Annuities & Life reported fourth quarter 2025 net earnings attributable to common shareholders of $124 million, or $0.92 per diluted share, down from $323 million, or $2.50, a year earlier, while total revenues rose to $1.77 billion from $1.56 billion. Assets under management before flow reinsurance reached a record $73.1 billion, up 12%, but the company said it expects to close the sale of its Bermuda subsidiary in the first quarter of 2026, and lower profit is the main concern for shareholders.
Q4 2025 adjusted net earnings were $123 million, or $0.91 per share, versus $143 million, or $1.12 per share, in Q4 2024
Full year 2025 net earnings were $248 million, or $1.88 per share, versus $622 million, or $4.88 per share, in 2024
Full year 2025 gross sales were $14.6 billion, below the $15.3 billion record set in 2024
F&G expects to close the sale of F&G Life Re Ltd to Ancient Financial Holdings LP on March 1, 2026
F&G Annuities & Life reported third-quarter 2025 GAAP net earnings to common shareholders of $114 million, or $0.85 per diluted share, compared with a net loss of $10 million, or $0.08 per share, a year earlier. Adjusted net earnings were $165 million, or $1.22 per share, unchanged from the prior-year quarter, while nine-month adjusted net earnings fell to $359 million from $403 million. The company also reported record assets under management before flow reinsurance of $71.4 billion.
Q3 2025 GAAP net earnings to common shareholders: $114 million ($0.85 per diluted share), versus a $10 million loss ($0.08 per share) in Q3 2024
Q3 2025 adjusted net earnings: $165 million ($1.22 per share), versus $156 million ($1.22 per share) in Q3 2024
Record AUM before flow reinsurance of $71.4 billion, up 14% year over year; Q3 net sales of $2.8 billion versus $2.4 billion
Book value per common share excluding AOCI was $44.07 at September 30, 2025, and the company returned $33 million to shareholders through dividends in the quarter
On August 6, 2025, F&G announced that John Currier will transition from his role as President to a senior advisory role reporting to CEO Chris Blunt. CFO Conor Murphy has also taken on the role of President while keeping his Chief Financial Officer title, and he amended his employment agreement on the same date. The filing shows a change in senior leadership but does not include any financial results.
John Currier is moving from President to a senior advisory role reporting to CEO Chris Blunt, announced August 6, 2025.
Conor Murphy holds the titles of President and Chief Financial Officer.
Amendment No. 1 to Murphy's employment agreement, dated April 1, 2025, was entered into August 6, 2025, and is filed as Exhibit 10.1.
F&G Annuities & Life reported second quarter 2025 results on August 6, 2025. Revenue rose to $1.36 billion from $1.17 billion a year earlier, but net earnings to common shareholders fell to $35 million, or $0.26 per diluted share, and adjusted net earnings fell to $103 million, or $0.77 per share. The mixed results show higher sales and revenue alongside lower profit for shareholders.
Net earnings to common shareholders were $35 million, or $0.26 per diluted share, versus $198 million, or $1.55 per share, in Q2 2024.
Adjusted net earnings were $103 million, or $0.77 per share, versus $139 million, or $1.10 per share, in Q2 2024.
Total revenues were $1.36 billion, up from $1.17 billion; gross sales were $4.1 billion and AUM before flow reinsurance was $69.2 billion, up 13%.
Book value per common share excluding AOCI was $43.39 at June 30, 2025; the company will hold a conference call on August 7, 2025 at 9:00 a.m. Eastern Time.
F&G Annuities & Life reported a first-quarter 2025 net loss attributable to common shareholders of $25 million, or $0.20 per diluted share, compared with net earnings of $111 million, or $0.88 per share, a year earlier. Adjusted net earnings fell to $91 million, or $0.72 per share, from $108 million, or $0.86 per share, which shareholders may view as weaker core earnings even as assets under management reached a record $67.4 billion before flow reinsurance.
Net loss of $25 million, or $0.20 per diluted share, versus net earnings of $111 million, or $0.88 per share, in Q1 2024; the loss included $105 million of unfavorable mark-to-market effects.
Adjusted net earnings of $91 million, or $0.72 per share, versus $108 million, or $0.86 per share; the quarter included $16 million of income from a reinsurance true-up adjustment.
Gross sales of $2.9 billion, down 17% from Q1 2024, and net sales of $2.2 billion, compared with $2.3 billion.
In March 2025, F&G completed a public offering of 8 million common shares with net proceeds of nearly $269 million; book value per common share excluding AOCI was $43.31.
F&G Annuities & Life completed a public offering of 8,000,000 shares of common stock on March 24, 2025, under an underwriting agreement dated March 20, 2025. The underwriters agreed to resell 4,500,000 of the shares to Fidelity National Financial, F&G's majority stockholder, and the company granted a 30-day option for up to 1,200,000 additional shares. The filing says net proceeds will fund general corporate purposes, including organic growth, and that F&G, FNF and its directors and executive officers agreed to a 90-day lock-up on selling company shares.
Offering of 8,000,000 common shares completed March 24, 2025; underwriting agreement dated March 20, 2025
Underwriters agreed to resell 4,500,000 shares to majority stockholder Fidelity National Financial, Inc.
Underwriters hold a 30-day option to buy up to 1,200,000 additional shares
F&G, FNF and directors and executive officers agreed not to sell company shares for 90 days, subject to limited exceptions
F&G Annuities & Life announced that Chief Financial Officer Wendy Young will move to a newly created Chief Liability Officer role on April 1, 2025, and that Conor Murphy will become CFO on the same date. Murphy's employment agreement sets a base salary of $550,000, a 100% target bonus, a $500,000 one-time cash bonus and a $3 million performance-based restricted stock award, which gives shareholders visibility into the new finance chief's pay terms.
Wendy Young moves to the newly created position of Chief Liability Officer on April 1, 2025.
Murphy's agreement has a three-year initial term and provides a $500,000 one-time cash bonus and a $3 million performance-based restricted stock award.
Murphy previously served as President and CEO of Resolution Life US and as Executive Vice President and Chief Operating Officer at Brighthouse Financial.
F&G Annuities & Life reported fourth-quarter and full-year 2024 results that showed higher earnings than a year earlier. Full-year net earnings attributable to common shareholders were $622 million, or $4.88 per diluted share, compared with a net loss of $58 million in 2023, and full-year adjusted net earnings rose to $546 million, or $4.30 per share, from $335 million. Fourth-quarter gross sales fell 15% from the prior year, but full-year gross sales rose 16% to a record $15.3 billion.
Q4 2024 net earnings were $323 million, or $2.50 per diluted share, versus a net loss of $299 million in Q4 2023.
Q4 2024 adjusted net earnings were $143 million, or $1.12 per share, up from $75 million, or $0.60 per share.
Assets under management reached a record $53.8 billion at December 31, 2024, up 10% from $49.1 billion a year earlier.
Book value per common share excluding AOCI was $44.28 at December 31, 2024, up from $40.42.
F&G Annuities & Life completed a public offering of $375 million in 7.300% junior subordinated notes due January 15, 2065. The company said it intends to use the net proceeds for general corporate purposes, including repurchasing, redeeming or repaying outstanding indebtedness.
Principal amount: $375 million; interest of 7.300% per year, paid quarterly beginning April 15, 2025
Notes mature January 15, 2065; F&G may defer interest for up to five consecutive years, with interest continuing to accrue
Optional redemption at 100% of principal from January 15, 2030; Rating Agency Event redemption at 102%
Underwriters include Wells Fargo Securities, BofA Securities, J.P. Morgan, Morgan Stanley and RBC Capital Markets; trustee is Citibank, N.A.
F&G Annuities & Life priced a public offering of $375 million in 7.300% Junior Subordinated Notes due 2065 on January 6, 2025. The company plans to use the net proceeds for general corporate purposes, including repaying or redeeming outstanding indebtedness, and the offering is expected to close on or about January 13, 2025.
Offering size: $375 million aggregate principal amount of 7.300% Junior Subordinated Notes due 2065
Underwriting agreement dated January 6, 2025 with Wells Fargo Securities, BofA Securities, J.P. Morgan, Morgan Stanley and RBC Capital Markets as representatives
Expected closing on or about January 13, 2025, subject to customary closing conditions
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