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Close of Nov 06, 2026 · end-of-day data
FG 8-K filings in 2025
Every material Form 8-K F&G Annuities & Life filed with the SEC in 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 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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every F&G Annuities & Life filing is on SEC EDGAR ↗. 8-K briefs of other companies →