F&G Annuities & Life Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Premiums & Annuity Revenue	2,957	2,860	2,413	1,704	1,407	228
Total Interest & Dividend Income	2,509	2,396	1,982	1,545	1,263	1,108
Gain (Loss) on Sale of Investments	-68	76	-111	-461	51	60
Other Revenue	161	446	253	-405	1,249	34
Total Revenue	5,559	5,778	4,537	2,383	3,970	1,430
Revenue Growth (YoY)	-4.71%	27.35%	90.39%	-39.98%	177.62%	-24.50%
Policy Benefits	3,625	3,791	3,553	1,126	1,932	1,164
Depreciation & Amortization	643	569	412	324	271	72
Other Operating Expenses	252	212	278	-46	57	192
Total Operating Expenses	4,824	4,868	4,475	1,561	2,389	1,527
Operating Income	735	910	62	822	1,581	-97
Interest Expense	-161	-132	-97	-29	-29	-31
Pretax Income	574	778	-35	793	1,552	-128
Income Tax Expense	106	136	23	158	320	-89
Earnings From Continuing Ops.	468	642	-58	635	1,232	-39
Earnings From Discontinued Ops.	-	-	-	-	8	-139
Net Income to Company	468	642	-58	635	1,240	-178
Minority Interest in Earnings	-4	-3	-	-	-	-
Net Income	464	639	-58	635	1,240	-178
Preferred Dividends & Other Adjustments	17	17	-	-	-	8
Net Income to Common	447	622	-58	635	1,240	-186
Net Income Growth	3469.23%	-	-	-48.79%	-	-
Shares Outstanding (Basic)	130	125	124	115	105	150
Shares Outstanding (Diluted)	132	131	124	115	105	150
Shares Change (YoY)	2.53%	5.64%	7.83%	9.52%	-30.00%	-30.79%
EPS (Basic)	3.43	4.98	-0.47	5.52	11.81	-1.24
EPS (Diluted)	3.42	4.88	-0.47	5.52	11.81	-1.24
EPS Growth	3428.12%	-	-	-53.24%	-	-
Free Cash Flow	4,816	5,975	5,807	3,139	1,838	35
Free Cash Flow Per Share	36.55	45.61	46.83	27.30	17.50	0.23
Dividend Per Share	0.910	0.860	0.820	0.200	-	-
Dividend Growth	7.06%	4.88%	310.00%	-	-	-
Operating Margin	13.22%	15.75%	1.37%	34.49%	39.82%	-6.78%
Profit Margin	8.04%	10.76%	-1.28%	26.65%	31.23%	-13.01%
Free Cash Flow Margin	86.63%	103.41%	127.99%	131.72%	46.30%	2.45%
EBITDA	821	984	97	853	1,604	-25
EBITDA Margin	14.77%	17.03%	2.14%	35.80%	40.40%	-1.75%
D&A For EBITDA	86	74	35	31	23	72
EBIT	735	910	62	822	1,581	-97
EBIT Margin	13.22%	15.75%	1.37%	34.49%	39.82%	-6.78%
Effective Tax Rate	18.47%	17.48%	-	19.92%	20.62%	-
Revenue as Reported	5,525	5,744	4,500	2,349	3,974	1,388

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

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