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F&G Annuities & Life FG Indexed annuities — Cash surrender value

Other product segments

Fixed rate annuities
$17.53B-2.7%
Universal life
$2.76B+17.8%

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$8.06B+2.2%
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GNWFixed annuities — Cash surrender value
$2.31B-13.9%

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 indexed annuities — cash surrender value?
F&G Annuities & Life (FG) reported indexed annuities — cash surrender value of $32.44B in Q2 2026.
How has F&G Annuities & Life's indexed annuities — cash surrender value changed year-over-year?
F&G Annuities & Life's indexed annuities — cash surrender value increased by 10.2% year-over-year, from $29.44B to $32.44B.
What does indexed annuities — cash surrender value mean?
This represents the total amount that policyholders would be entitled to receive if they were to terminate their indexed annuity contracts at the reporting date. It serves as a measure of potential liquidity demand, as it quantifies the immediate cash outflow risk associated with policy surrenders. High levels of surrender value relative to total assets may indicate potential liquidity pressure during periods of market stress.

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