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F&G Annuities & Life FG Certain MYGA — Reinsurance recoverable, gross of allowance

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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:ReinsuranceRecoverablesGross.

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
Parent Company/Principal ReinsurersReinsurance Recoverable (a) / December 31, 2025Agreement TypeProducts CoveredAccounting
Aspida (b)$$8,589Coinsurance Funds WithheldCertain MYGADeposit
Somerset Reinsurance Ltd. ("Somerset") (c)5,071Coinsurance Funds WithheldCertain MYGA and deferred annuitiesDeposit
Coinsurance Funds WithheldCertain FIAReinsurance
Everlake Life Insurance Company (“Everlake”)1,868CoinsuranceCertain MYGA (d)Deposit
Ancient ReCoinsurance Funds WithheldCertain FIA and certain MYGADeposit
Fort Greene Reinsurance SPC Limited ("Fort Greene")502Coinsurance Funds WithheldCertain FIADeposit
Wilton Reassurance Company ("Wilton Re")1,032CoinsuranceBlock of traditional, IUL, and UL (e)Reinsurance
Other (f)501

Item 1. Condensed Consolidated Financial Statements:

FAQ

What is F&G Annuities & Life's certain MYGA — reinsurance recoverable, gross of allowance?
F&G Annuities & Life (FG) reported certain MYGA — reinsurance recoverable, gross of allowance of $8.36B in Q2 2026.
How has F&G Annuities & Life's certain MYGA — reinsurance recoverable, gross of allowance changed year-over-year?
F&G Annuities & Life's certain MYGA — reinsurance recoverable, gross of allowance decreased by 0.2% year-over-year, from $8.38B to $8.36B.
What does certain MYGA — reinsurance recoverable, gross of allowance mean?
This metric represents the total gross amount of liabilities ceded to reinsurers specifically related to the Multi-Year Guarantee Annuity (MYGA) product segment. It reflects the contractual obligation of reinsurers to reimburse the company for claims and benefits paid under these specific annuity contracts before accounting for any potential credit losses. Monitoring this figure provides insight into the company's risk transfer strategy and the extent of its reliance on reinsurance partners to manage capital requirements for fixed-rate annuity products.

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