other material
confidence high
sentiment neutral
materiality 0.30
Finance of America announces new reporting segments effective Q1 2023
Finance of America Companies Inc.
- New segments: Retirement Solutions, Portfolio Management, Corporate & Other, effective March 31, 2023.
- Retirement Solutions combines reverse mortgage (AAG) and home improvement lending, previously in separate segments.
- Portfolio Management unchanged; Corporate & Other adds offshore fulfillment from discontinued Lender Services.
- Discontinued operations result from sale of Title Insurance Business and Incenter assets.
- Summary segment info will be included in Q1 2023 Form 10-Q and future earnings releases.