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F&G Annuities & Life FG Universal life — Capitalization

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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$3.62B-22.0%
Enterprise value$3.77B-24.7%
P/E8.7×-5.0×
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 fg:ContractWithCustomerLiabilityAdditions.

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 itemSix months ended June 30, 20262025
Balance at January 1,$551$401
Capitalization9986
Amortization(17)(13)
Balance at June 30,$633$474

Item 1. Condensed Consolidated Financial Statements:

FAQ

What is F&G Annuities & Life's universal life — capitalization?
F&G Annuities & Life (FG) reported universal life — capitalization of $50M in Q2 2026.
How has F&G Annuities & Life's universal life — capitalization changed year-over-year?
F&G Annuities & Life's universal life — capitalization increased by 11.1% year-over-year, from $45M to $50M.
What is the long-term trend for F&G Annuities & Life's universal life — capitalization?
Over 3 years (2022 to 2025), F&G Annuities & Life's universal life — capitalization has grown at a 26.0% compound annual growth rate (CAGR), from $89M to $178M.
What does universal life — capitalization mean?
This metric captures the additions to the contract liability for universal life products, reflecting the capitalization of costs or adjustments related to the underlying insurance contracts. It represents the accounting treatment of inflows or adjustments that increase the long-term liability balance. This measure is essential for understanding how the company accounts for the growth and modification of its policyholder obligations.

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