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F&G Annuities & Life FG Universal life — URL

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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 us-gaap:ContractWithCustomerLiability.

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 — URL?
F&G Annuities & Life (FG) reported universal life — URL of $633M in Q2 2026.
How has F&G Annuities & Life's universal life — URL changed year-over-year?
F&G Annuities & Life's universal life — URL increased by 33.5% year-over-year, from $474M to $633M.
What is the long-term trend for F&G Annuities & Life's universal life — URL?
Over 3 years (2022 to 2025), F&G Annuities & Life's universal life — URL has grown at a 54.1% compound annual growth rate (CAGR), from $539M to $1.97B.
What does universal life — URL mean?
This metric refers to the Unearned Revenue Liability associated with universal life insurance contracts, representing premiums received that have not yet been recognized as earned revenue. It reflects the portion of contractholder funds that will be amortized into income over the life of the policies. This is a critical measure for understanding future revenue recognition and the timing of profit realization.

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