---
schema_version: "secwatch.filing_event.v1"
accession: "0001934850-23-000011"
form_type: "8-K"
ticker: "FG"
cik: "0001934850"
company_name: "F&G Annuities & Life, Inc."
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T05:31:35.224999+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001934850-23-000011
- form_type: 8-K
- ticker: FG
- cik: 0001934850
- company_name: F&G Annuities & Life, Inc.
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1934850/000193485023000011/0001934850-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1934850/000193485023000011/fgannuitieslifeincxfebruar.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001934850-23-000011
- JSON: https://secwatch.observer/filing/0001934850-23-000011.json
- Plain text: https://secwatch.observer/filing/0001934850-23-000011.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1934850/000193485023000011/0001934850-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.