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F&G Annuities & Life FG Universal life — Deferred Policy Acquisition Costs, Amortization Expense

Other product segments

Indexed annuities
$56M+19.1%
Fixed rate annuities
$27M+3.8%

Similar metrics at other companies

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CINFUniversal life — Deferred Policy Acquisition Costs, Amortization Expense
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BHFUniversal Life Insurance — Deferred Policy Acquisition Costs, Amortization Expense
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Globe Life logo
GLLife — Deferred Policy Acquisition Costs, Amortization Expense
$102.69M+13.3%
Genworth Financial logo
GNWLife insurance — Deferred Policy Acquisition Costs, Amortization Expense
$27M-10.0%
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CNOTraditional life — Deferred Policy Acquisition Costs, Amortization Expense
$19M+12.4%

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

See full
Net margin6.9%+0.4pp

Returns & leverage

See full
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:DeferredPolicyAcquisitionCostAmortizationExpense.

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 universal life — deferred policy acquisition costs, amortization expense?
F&G Annuities & Life (FG) reported universal life — deferred policy acquisition costs, amortization expense of $16M in Q2 2026.
How has F&G Annuities & Life's universal life — deferred policy acquisition costs, amortization expense changed year-over-year?
F&G Annuities & Life's universal life — deferred policy acquisition costs, amortization expense increased by 33.3% year-over-year, from $12M to $16M.
What is the long-term trend for F&G Annuities & Life's universal life — deferred policy acquisition costs, amortization expense?
Over 3 years (2022 to 2025), F&G Annuities & Life's universal life — deferred policy acquisition costs, amortization expense has grown at a 35.3% compound annual growth rate (CAGR), from $21M to $52M.
What does universal life — deferred policy acquisition costs, amortization expense mean?
This represents the periodic expense recognized as capitalized policy acquisition costs are systematically charged against income over the life of the universal life insurance policies. It is a critical component of the expense profile for the segment, reflecting the ongoing cost of past sales efforts. Investors monitor this to understand the impact of historical growth on current profitability.

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