F&G posts Q1 2026 net earnings of $244 million, up from a $25 million loss a year earlier
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.