NYSE$FG

F&G Annuities & Life Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

F&G Annuities & Life reported Q4 2025, revenue of $1.76B, net income of $124M, diluted EPS of $0.92.

For Q4 2025, F&G Annuities & Life reported revenue of $1.76B, net income of $124M, diluted EPS was $0.92, adjusted diluted EPS was $0.91. Management discusses segment performance, capital allocation, and outlook in the earnings release.

  • Revenue $1.76B.
  • Net income $124M.
  • Diluted EPS $0.92.
  • Adjusted diluted EPS $0.91.

Headline financials

Total Revenue

$1.77B

Previous: $1.56B+13.2%
EPS (adj)

$0.91

Previous: $1.12-18.8%
Assets Under Management

$57.6B

No prior period
AUM Before Flow Reinsurance

$73.1B

No prior period
Average AUM YTD

$55.4B

No prior period
Adjusted ROA

0.9%

No prior period
Adjusted ROE ex AOCI

8.2%

No prior period
Gross Sales

$3.39B

No prior period
Net Sales

$2.3B

No prior period
Core Sales

$2.76B

No prior period
Opportunistic Sales

$631M

No prior period
Indexed Annuities Sales

$1.88B

No prior period
Indexed Universal Life Sales

$53M

No prior period
Pension Risk Transfer Sales

$832M

No prior period
Fixed Rate Annuities Sales

$356M

No prior period
Funding Agreements Sales

$275M

No prior period
Book Value Per Share

$33.49

No prior period
Book Value Per Share ex AOCI

$44.43

No prior period
Net Income

$124M

Previous: $323M-61.6%
Operating Income

$161M

Previous: $412M-60.9%

Revenue & EPS history

F&G Annuities & Life · Revenue · Quarterly

$1.77B

Q4 2025+13.2%vs Q4 2024
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Revenue by segment

F&G Annuities & Life · $519M total across 1 segment · Q1 2023

  • Interest and investment income
    $519M

Forward guidance

The release discusses F&G Annuities & Life's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • F&G Annuities & Life cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-1.2%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+2.6%

Avg return

30 days after

42%

8 / 19 earnings

Positive

+18.3%

Q3 2022

Best reaction

-17.7%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.2%-5.4%-5.6%
Q4 2025-8.4%-15.8%-14.8%
Q3 2025+2.5%+11.4%+12.9%
Q1 2025-14.6%-13.2%-7.5%
Q4 2024-8.7%-4.8%-21.2%
Q3 2024+11.1%+15.9%+14.8%
Q2 2024+0.4%+0.2%+8.9%
Q1 2024-1.0%-4.3%-3.4%
Q4 2023-10.7%-11.0%-11.5%
Q3 2022+18.3%+13.8%+36.0%
Q3 2023+15.3%+16.8%+40.5%
Q2 2023-1.9%+8.1%-4.9%
Q1 2022+0.1%+4.5%+33.1%
Q1 2023-17.7%-7.8%+18.7%
Q2 2022+5.2%+4.1%+14.7%
Q2 2020-3.1%-2.8%-15.7%
Q4 2020-3.1%-2.8%-15.7%
Q4 2021-3.1%-2.8%-15.7%
Q4 2022+4.2%+2.1%-14.1%
Q3 2021
Q2 2021
Q1 2021
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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