F&G Annuities & Life, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the SEC on November 6, 2026, reporting third-quarter net earnings of $741 million and total assets of $103.810 billion as of September 30, 2026.

Key Highlights

  • Net earnings of $741 million for the three months ended September 30, 2026, compared to $120 million in the same period of 2025, according to the filing.
  • Total revenues of $1.131 billion for the third quarter of 2026, down from $1.694 billion in the third quarter of 2025, as reported.
  • Basic earnings per share of $5.71 attributable to F&G common shareholders for the three months ended September 30, 2026, versus $0.86 in the prior-year quarter.
  • Total assets of $103.810 billion as of September 30, 2026, up from $98.430 billion as of December 31, 2025, per the balance sheet.
  • Reinsurance recoverable of $21.938 billion as of September 30, 2026, compared to $17.545 billion at December 31, 2025, as stated in the filing.
  • Comprehensive loss attributable to F&G of $(207) million for the three months ended September 30, 2026, driven by an unrealized loss on investments of $(1.471) billion recorded in other comprehensive loss.
  • 130,944,220 shares of common stock outstanding as of October 31, 2026, as disclosed on the filing's cover page.

F&G Annuities Reports Sharp Rise in Third-Quarter Earnings Amid Investment Losses

F&G Annuities & Life, Inc. (NYSE:FG), a Delaware-incorporated annuities and life insurance company headquartered in Des Moines, Iowa, reported net earnings of $741 million for the three months ended September 30, 2026, a significant increase from $120 million in the comparable 2025 quarter, according to the condensed consolidated statements of operations included in the filing. Net earnings attributable to F&G common shareholders were $736 million for the quarter, after deducting preferred stock dividends of $4 million and non-controlling interests of $1 million.

Total revenues for the third quarter of 2026 were $1.131 billion, compared to $1.694 billion for the same period in 2025. The filing attributes the year-over-year change in part to a decline in life insurance premiums and other fees, which fell to $330 million in Q3 2026 from $711 million in Q3 2025. Interest and investment income was $698 million in the third quarter of 2026, compared to $748 million a year earlier. Total benefits and expenses for the quarter were $195 million, down sharply from $1.563 billion in Q3 2025, with market risk benefit gains of $167 million recorded in the current quarter versus losses of $43 million in the prior-year period.

Despite the earnings increase, the company reported a comprehensive loss attributable to F&G of $(207) million for the three months ended September 30, 2026. The filing shows this was primarily the result of an unrealized loss on investments and other financial instruments of $(1.471) billion recorded within other comprehensive loss for the quarter, which more than offset net earnings. On the balance sheet, contractholder funds stood at $65.069 billion and funds withheld for reinsurance liabilities were $17.837 billion as of September 30, 2026, per the filing. Total shareholders' equity attributable to F&G declined to $4.374 billion from $4.804 billion at December 31, 2025, reflecting the movement in accumulated other comprehensive loss to $(2.605) billion.

What Was Disclosed

F&G Annuities & Life, Inc. disclosed its unaudited condensed consolidated financial results for the quarter and nine months ended September 30, 2026, including net earnings, revenues, balance sheet positions, and comprehensive income figures, in a Form 10-Q filed on November 6, 2026.