F&G expects Q2 alternative investment income of $56 million to $66 million, below plan
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.
Key points
- 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
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 July 08, 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.