F&G swings to $81 million second-quarter net loss; adjusted earnings fall to $85 million
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing 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 August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.