← F&G Annuities & Life, Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Short-term investments (2025 includes $116 related to investments held by consolidated VIEs) | $373.0m | $1.6b | $1.5b | $2.4b | $1.0b | |
| Cash and cash equivalents (2025 includes $2 related to investments held by consolidated VIEs) | $1.5b | $960.0m | $1.6b | $2.3b | $1.5b | |
| Prepaid expenses and other assets (certain assets held at fair value of $24 and $11 at December 31, 2025 and 2024, respectively) | $613.0m | $917.0m | $931.0m | $1.1b | $1.1b | |
| Income taxes receivable | $50.0m | $28.0m | $27.0m | $0 | $83.0m | |
| Other long-term investments (2025 includes $248 related to investments held by consolidated VIEs) | $489.0m | $565.0m | $608.0m | $580.0m | $1.3b | |
| Goodwill | $1.8b | $1.8b | $1.7b | $2.2b | $2.2b | |
| Other intangible assets, net | $2.2b | $3.7b | $4.2b | $5.6b | $6.3b | |
| Fixed maturity securities available for sale, at fair value, at December 31, 2025 and 2024, at an amortized cost of $55,292 and $49,729, respectively, net of allowance for credit losses of $104 and $62, respectively | $30.0b | $31.2b | $40.4b | $46.3b | $52.7b | |
| Equity securities, at fair value | $1.0b | $823.0m | $606.0m | $415.0m | $341.0m | |
| Derivative investments | $816.0m | $244.0m | $797.0m | $792.0m | $1.1b | |
| Mortgage loans, net of allowance for credit losses of $86 and $70 at December 31, 2025 and 2024, respectively | — | $4.6b | $5.3b | $5.9b | $7.9b | |
| Investments in unconsolidated affiliates (2025 includes $262 related to investments held by consolidated variable interest entities (“VIEs”) and 2025 and 2024 include certain investments at fair value of $270 and $272, respectively) | $2.4b | $2.4b | $3.1b | $3.6b | $4.9b | |
| Policy loans | — | — | $71.0m | $104.0m | $147.0m | |
| Reinsurance recoverable, net of allowance for credit losses of $18 and $20 at December 31, 2025 and 2024, respectively | $3.6b | $5.6b | $9.0b | $13.4b | $17.5b | |
| Market risk benefits asset | — | $117.0m | $88.0m | $189.0m | $285.0m | |
| Deferred tax asset, net | $0 | $764.0m | $388.0m | $299.0m | $82.0m | |
| Contractholder funds | $35.5b | $41.2b | $48.8b | $56.4b | $62.7b | |
| Future policy benefits | $4.7b | $5.9b | $7.0b | $8.7b | $10.8b | |
| Market risk benefits liability | — | $282.0m | $403.0m | $549.0m | $903.0m | |
| Income taxes payable | — | — | $0 | $5.0m | $0 | |
| Notes payable | $977.0m | $1.1b | $1.8b | $2.2b | $2.2b | |
| Funds withheld for reinsurance liabilities | $1.7b | $3.7b | $7.1b | $10.9b | $14.2b | |
| Non-controlling interests | — | — | $0 | $125.0m | $113.0m | |
| Total investments | $38.9b | $41.4b | $52.3b | $60.1b | $69.4b | |
| Total F&G Annuities & Life, Inc. shareholders' equity | $4.5b | $1.8b | $3.1b | $4.0b | $4.8b | |
| Total equity | — | — | $3.1b | $4.1b | $4.9b | |
| Total assets | $48.7b | $55.1b | $70.2b | $85.0b | $98.4b | |
| Accounts payable and accrued liabilities | $1.3b | $1.3b | $2.0b | $2.2b | $2.7b | |
| Total liabilities | $44.2b | $53.3b | $67.1b | $81.0b | $93.5b | |
| Preferred stock $0.001 par value; authorized 25,000,000 shares; outstanding and issued 5,000,000 as of December 31, 2025 and 2024 | — | — | 0 | 0 | 0 | |
| F&G common stock, $0.001 par value; authorized 500,000,000 shares as of December 31, 2025 and 2024; outstanding of 135,610,292 and 126,792,844, respectively, and issued of 137,056,106 and 127,952,143, respectively | 0 | 0 | 0 | 0 | 0 | |
| Additional paid-in-capital | $2.8b | $3.2b | $3.2b | $3.5b | $3.8b | |
| Retained earnings | $1.0b | $1.5b | $1.9b | $2.4b | $2.6b | |
| Accumulated other comprehensive income (loss) ("AOCI") | $734.0m | ($2.8b) | ($2.0b) | ($1.9b) | ($1.5b) | |
| Treasury stock, at cost (1,445,814 shares and 1,159,299 shares as of December 31, 2025 and 2024, respectively) | — | $0 | ($18.0m) | ($30.0m) | ($40.0m) | |
| Total liabilities and equity | $48.7b | $55.1b | $70.2b | $85.0b | $98.4b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.