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F&G Annuities & Life FG Contract Liabilities

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Segments

By product

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Universal life$633M+33.5%

Other financials

Income statement

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Revenue$1.4B+4.2%
Net income-$76.0M-290%
EPS (diluted)-$0.62-338%

Balance sheet

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Cash & equivalents$2.1B+11.6%
Total debt$2.3B+0.3%
Total equity$4.6B+3.9%
Total assets$103.59B+12.8%

Cash flow

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Operating cash flow$1.5B-8.2%

Valuation

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Market cap$3.62B-22.0%
Enterprise value$3.77B-24.7%
P/E8.7×-5.0×
P/S0.6×-0.3×

Profitability

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Net margin6.9%+0.4pp

Returns & leverage

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Return on equity9.2%+0.8pp
Debt / equity0.5×0.0×

Where this comes from

Reported directly by F&G Annuities & Life in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: F&G Annuities & Life’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:08 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q3 2026
Accession
0001934850-26-000085

As of June 30, 2026 and December 31, 2025, the total unearned revenue liabilities (“URL”) balance of $633 million and $551 million, respectively, is included in Accounts payable and accrued liabilities on the unaudited Condensed Consolidated Balance Sheets. The following table presents a reconciliation of Accounts payable and accrued liabilities to the unaudited Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025 (in millions):

Item 1. Condensed Consolidated Financial Statements:

FAQ

What is F&G Annuities & Life's contract liabilities?
F&G Annuities & Life (FG) reported contract liabilities of $633M in Q2 2026.
How has F&G Annuities & Life's contract liabilities changed year-over-year?
F&G Annuities & Life's contract liabilities increased by 33.5% year-over-year, from $474M to $633M.
What is the long-term trend for F&G Annuities & Life's contract liabilities?
Over 4 years (2021 to 2025), F&G Annuities & Life's contract liabilities has grown at a 58.6% compound annual growth rate (CAGR), from $87M to $551M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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