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F&G Annuities & Life FG Fixed rate annuities — Cash surrender value

Other product segments

Indexed annuities
$32.44B+10.2%
Universal life
$2.76B+17.8%

Similar metrics at other companies

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FNFFixed rate annuities — Cash surrender value
$17.78B+6.4%
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GNWFixed annuities — Cash surrender value
$2.31B-13.9%
Lincoln National logo
LNCFixed Annuities — Cash surrender value
$27.67B+11.0%
Jackson Financial logo
JXNFixed Index Annuities — Cash surrender value
$8.06B+2.2%
Rithm Capital logo
RITMFixed Indexed Annuities — Cash surrender value
$79.5M
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JXNPayout Annuities — Cash surrender value
$0

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$3.87B-13.5%
Enterprise value$4.01B-16.9%
P/E9.3×-3.9×
P/S0.6×-0.2×

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:CashSurrenderValueDuePolicyholdersAmount.

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 fixed rate annuities — cash surrender value?
F&G Annuities & Life (FG) reported fixed rate annuities — cash surrender value of $17.53B in Q2 2026.
How has F&G Annuities & Life's fixed rate annuities — cash surrender value changed year-over-year?
F&G Annuities & Life's fixed rate annuities — cash surrender value decreased by 2.7% year-over-year, from $18.01B to $17.53B.
What is the long-term trend for F&G Annuities & Life's fixed rate annuities — cash surrender value?
Over 2 years (2023 to 2025), F&G Annuities & Life's fixed rate annuities — cash surrender value has grown at a 26.2% compound annual growth rate (CAGR), from $44.62B to $71.02B.
What does fixed rate annuities — cash surrender value mean?
This metric measures the total amount of cash that policyholders would be entitled to receive if they were to terminate their fixed rate annuity contracts before maturity, subject to applicable surrender charges. It provides insight into the potential liquidity risk and the volume of assets that could be withdrawn by policyholders under current market conditions. High surrender values relative to total assets may indicate increased sensitivity to interest rate changes.

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