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F&G Annuities & Life FG Indexed annuities — Deferred Policy Acquisition Cost

Other product segments

Universal life
$1.14B+26.8%
Fixed rate annuities
$363M-11.9%

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BHFIndex-linked Annuities — Deferred Policy Acquisition Cost
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PRUAnnuities — Deferred Policy Acquisition Cost
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BHFVariable Annuities — Deferred Policy Acquisition Cost
$1.87B-8.0%
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LNCFixed Annuities — Deferred Policy Acquisition Cost
$479M+23.5%

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$3.87B-22.0%
Enterprise value$4.01B-24.7%
P/E9.3×-5.3×
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:DeferredPolicyAcquisitionCosts.

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 LifeTotal (a)
Balance at January 1, 2026$2,205$402$1,021$3,628
Capitalization25016146412
Amortization(110)(55)(32)(197)
Balance at June 30, 2026$2,345$363$1,135$3,843
Indexed AnnuitiesFixed Rate AnnuitiesUniversal LifeTotal (a)
Balance at January 1, 2025$1,874$376$781$3,031
Capitalization26287138487
Amortization(92)(51)(24)(167)

Item 1. Condensed Consolidated Financial Statements:

FAQ

What is F&G Annuities & Life's indexed annuities — deferred policy acquisition cost?
F&G Annuities & Life (FG) reported indexed annuities — deferred policy acquisition cost of $2.35B in Q2 2026.
How has F&G Annuities & Life's indexed annuities — deferred policy acquisition cost changed year-over-year?
F&G Annuities & Life's indexed annuities — deferred policy acquisition cost increased by 14.7% year-over-year, from $2.04B to $2.35B.
What is the long-term trend for F&G Annuities & Life's indexed annuities — deferred policy acquisition cost?
Over 2 years (2023 to 2025), F&G Annuities & Life's indexed annuities — deferred policy acquisition cost has grown at a 30.6% compound annual growth rate (CAGR), from $4.88B to $8.32B.
What does indexed annuities — deferred policy acquisition cost mean?
This asset represents the unamortized portion of costs directly related to the successful acquisition of new indexed annuity business, such as commissions and underwriting expenses. It is capitalized on the balance sheet and amortized over the life of the policies. This metric provides insight into the company's investment in growing its policy base.

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