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F&G Annuities & Life FG Traditional Life — Future policy benefits

Other product segments

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$1.24B-4.2%

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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$3.87B-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:LiabilityForFuturePolicyBenefits.

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 itemTraditional life / June 30, 2026Traditional life / December 31, 2025
Benefits payments(100)(230)
Ending balance at original discount rate2,0862,167
Effect of changes in discount rate assumptions(329)(312)
Balance, end of period$1,757$1,855
Net liability for future policy benefits$1,215$1,270
Less: Reinsurance recoverable510489
Net liability for future policy benefits, after reinsurance recoverable$705$781
Weighted-average duration of liability for future policyholder benefits (years)5.956.84

Item 1. Condensed Consolidated Financial Statements:

FAQ

What is F&G Annuities & Life's traditional life — future policy benefits?
F&G Annuities & Life (FG) reported traditional life — future policy benefits of $1.22B in Q2 2026.
How has F&G Annuities & Life's traditional life — future policy benefits changed year-over-year?
F&G Annuities & Life's traditional life — future policy benefits decreased by 6.8% year-over-year, from $1.3B to $1.22B.
What is the long-term trend for F&G Annuities & Life's traditional life — future policy benefits?
Over 2 years (2023 to 2025), F&G Annuities & Life's traditional life — future policy benefits has grown at a -1.7% compound annual growth rate (CAGR), from $5.35B to $5.17B.
What does traditional life — future policy benefits mean?
This is the total balance sheet reserve held to cover future obligations to policyholders in the Traditional Life segment. It represents the aggregate present value of expected future benefits minus the present value of expected future net premiums. It is a primary indicator of the company's long-term solvency and commitment to policyholders.

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