Finance of America reports FY2022 net loss of $716M ($3.06/sh); adjusted loss $61M; acquires AAG reverse mortgage lender

Finance of America Companies Inc.

Full year 2022 net loss of $716M ($3.06 basic loss per share); adjusted net loss of $61M.
Acquisition of AAG, a leading reverse mortgage lender, to close March 31, 2023 after regulatory approval.
Mortgage Originations segment wind-down completed in February 2023; sale of Title Insurance and Commercial Originations announced in Q1 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Finance of America Companies Inc. reported the fourth quarter and for its full year ended December 31, 2022 results: net income Net loss for the year of $716 million or $3.06 basic loss per share, EPS $3.06 basic loss per share.

Period: the fourth quarter and for its full year ended December 31, 2022
Net income: Net loss for the year of $716 million or $3.06 basic loss per share
EPS: $3.06 basic loss per share
Result: reported results

Exact text from the filing

On March 13, 2023, Finance of America Companies Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and for its full year ended December 31, 2022.

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Finance of America Companies Inc. filing history →

Source: SEC EDGAR

accession 0001828937-23-000013

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