F&G Q4 net loss $100M on mark-to-market; record sales $2.7B; initiates $0.20 dividend

F&G Annuities & Life, Inc.

2022-FY EPS reported $4.18 revenue$2,340,000,000

Q4 net loss $100M ($0.80 loss per share) vs net earnings $121M ($1.15) in Q4 2021; full year net earnings $481M ($4.18) vs $865M ($8.24).
Record total gross sales Q4 $2.7B (+23% YoY); full year $11.3B (+18% YoY); record retail sales Q4 $2.5B (+79% YoY).
AUM $43.6B at Dec 31, 2022, up 19% YoY; initiated quarterly dividend $0.20/share ($100M annualized).
Issued $500M 7.40% senior notes due 2028; increased revolver to $665M; RBC ratio ~440%.
Partial spinoff completed Dec 1, 2022; FNF retains ~85% ownership; equity investment in SYNCIS (49%) announced.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

F&G Annuities & Life, Inc. reported fourth quarter and full year ended December 31, 2022 results: revenue $2.7 billion, net income Net loss for the fourth quarter of $100 million, EPS $0.80 per diluted share.

Period: fourth quarter and full year ended December 31, 2022
Revenue: $2.7 billion
Net income: Net loss for the fourth quarter of $100 million
EPS: $0.80 per diluted share
Result: reported results

Exact text from the filing

shareholders. Our parent, FNF, retains control of F&G through an approximate 85% equity ownership stake • Record profitable gross sales for F&G continues: Total gross sales of $2.7 billion for the fourth quarter, an increase of 23% over the fourth quarter 2021, driven by record Retail sales. For the full year 2022, record total gross sales of $11.3 billion, an

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

F&G Annuities & Life, Inc. filing history →

Source: SEC EDGAR

accession 0001934850-23-000011

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.