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F&G Annuities & Life FG FHLB — Net liability, after reinsurance

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Other financials

Income statement

See full
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

See full
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 fg:PolicyholderAccountBalanceNetOfReinsurance.

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
Line itemIndexed annuitiesFixed rate annuitiesUniversal lifeFABN (a)FHLB (a)
Balance, end of period34,90318,6613,5803,3393,303
Reconciling items (c)2192144(15)
Gross liability, end of period35,12218,6633,7243,3243,303
Less: Reinsurance recoverable6,68112,691890
Net liability, after reinsurance$28,441$5,972$2,834$3,324$3,303
Weighted-average crediting rate3.67%4.81%7.81%N/AN/A
Net amount at risk (d)N/AN/A$29,759N/AN/A
Cash surrender value (e)$32,442$17,527$2,762N/AN/A

Item 1. Condensed Consolidated Financial Statements:

FAQ

What is F&G Annuities & Life's FHLB — net liability, after reinsurance?
F&G Annuities & Life (FG) reported FHLB — net liability, after reinsurance of $3.3B in Q2 2026.
How has F&G Annuities & Life's FHLB — net liability, after reinsurance changed year-over-year?
F&G Annuities & Life's FHLB — net liability, after reinsurance increased by 34.9% year-over-year, from $2.45B to $3.3B.
What is the long-term trend for F&G Annuities & Life's FHLB — net liability, after reinsurance?
Over 2 years (2023 to 2025), F&G Annuities & Life's FHLB — net liability, after reinsurance has grown at a 9.1% compound annual growth rate (CAGR), from $9.18B to $10.92B.
What does FHLB — net liability, after reinsurance mean?
This metric measures the net financial obligation of the FHLB funding agreement segment after accounting for the impact of reinsurance arrangements. It represents the company's retained liability exposure to institutional funding agreement holders. A lower net liability indicates a higher degree of risk transfer to reinsurers, impacting the company's overall balance sheet leverage.

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