F&G Annuities & Life, Inc. (FG)

F&G Annuities & Life Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	639	-58	635	1,240
Depreciation & Amortization	74	35	31	23
Other Amortization	495	377	293	248
Gain (Loss) on Sale of Assets	-	-	-	14
Gain (Loss) on Sale of Investments	-210	461	436	-576
Stock-Based Compensation	29	23	12	9
Reinsurance Recoverable	-19	94	148	149
Change in Income Taxes	103	-4	211	256
Change in Insurance Reserves / Liabilities	1,853	1,325	1,071	627
Change in Other Net Operating Assets	-173	491	-516	27
Other Operating Activities	-695	-400	-1,325	-1,066
Operating Cash Flow	5,999	5,834	3,171	1,871
Operating Cash Flow Growth	2.83%	83.98%	69.48%	2869.84%
Capital Expenditures	-24	-27	-32	-33
Cash Acquisitions	-482	-	-	-43
Investment in Securities	-7,401	-8,872	-9,325	-6,786
Other Investing Activities	-13	-	-	-
Investing Cash Flow	-7,953	-8,918	-9,370	-6,862
Long-Term Debt Issued	1,050	845	550	400
Total Debt Issued	1,050	845	550	400
Total Debt Repaid	-615	-185	-	-
Net Debt Issued (Repaid)	435	660	550	400
Repurchases of Common Stock	-12	-18	-	-
Issuance of Preferred Stock	250	-	-	-
Common Dividends Paid	-121	-101	-	-
Other Financing Activities	-34	-16	-4	-
Financing Cash Flow	2,655	3,687	5,626	5,635
Net Cash Flow	701	603	-573	644
Free Cash Flow	5,975	5,807	3,139	1,838
Free Cash Flow Growth	2.89%	85.00%	70.78%	5151.43%
Free Cash Flow Margin	103.41%	127.99%	131.72%	46.30%
Free Cash Flow Per Share	45.61	46.83	27.30	17.50
Cash Interest Paid	127	84	34	30
Cash Income Tax Paid	8	4	-72	44
Levered Free Cash Flow	543.25	1,372	-765.38	1,954
Unlevered Free Cash Flow	625.75	1,433	-747.25	1,972
Change in Working Capital	5,559	5,292	2,970	1,909

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q