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F&G Annuities & Life FG Universal life — VOBA amortization

Other product segments

Indexed annuities
$29M-6.5%
Immediate annuities
$2M0.0%
Traditional Life
$2M-33.3%
Fixed rate annuities
$1M0.0%

Similar metrics at other companies

Lincoln National logo
LNCLife Insurance — Amortization of DAC and VOBA
$127.75M+1.6%
Lincoln National logo
LNCOther Operations — Amortization of DAC and VOBA
$0—
Prudential Financial logo
PRUVariable Universal Life — Amortization of deferred policy acquisition costs
$57M+7.5%
Prudential Financial logo
PRUVariable Universal Life — Amortization expense
-$46M0.0%
Voya Financial logo
VOYAInvestment Management — Amortization of DAC and VOBA
$0—
Voya Financial logo
VOYAEmployee Benefits — Amortization of DAC and VOBA
$10M+11.1%

Other financials

Income statement

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Revenue$1.2B+30.7%
Net income$248.0M+1,281%
EPS (diluted)$1.78+990%

Balance sheet

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Cash & equivalents$1.3B-59.8%
Total debt$2.2B+0.3%
Total equity$4.6B+6.3%
Total assets$101.03B+14.8%

Cash flow

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Operating cash flow$743.0M-22.3%

Valuation

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Market cap$3.69B-29.3%

Profitability

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Net margin8.9%-1.0pp

Returns & leverage

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Return on equity11.9%-0.9pp
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:PresentValueOfFutureInsuranceProfitsAmortizationExpense1.

The official record: F&G Annuities & Life’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is F&G Annuities & Life's universal life — VOBA amortization?
F&G Annuities & Life (FG) reported universal life — VOBA amortization of $1M in Q1 2026.
How has F&G Annuities & Life's universal life — VOBA amortization changed year-over-year?
F&G Annuities & Life's universal life — VOBA amortization decreased by 0.0% year-over-year, from $1M to $1M.
What is the long-term trend for F&G Annuities & Life's universal life — VOBA amortization?
Over 3 years (2022 to 2025), F&G Annuities & Life's universal life — VOBA amortization has grown at a -11.2% compound annual growth rate (CAGR), from $10M to $7M.
What does universal life — VOBA amortization mean?
This represents the periodic expense recognized for the amortization of the Value of Business Acquired (VOBA) related to universal life insurance contracts. It reflects the systematic allocation of the purchase price premium paid for acquiring a block of insurance business over the expected life of those policies. Monitoring this helps investors understand the non-cash impact of historical acquisitions on current period earnings.