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 14 quarters(57%)
ActualEstimate

Revenue by segment

F&G Annuities & Life · $1.36B total across 4 segments · Q2 2025

  • Interest and investment income
    $682M—
  • Life insurance premiums and other fees
    $608M—
  • Recognized gains and (losses), net
    $51M—
  • Owned distribution revenues
    $23M—

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
Q2 2025———
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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