secwatch.observer — SEC 8-K summary
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Issuer:     F&G Annuities & Life, Inc. (FG)
CIK:        0001934850
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001934850-23-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934850/000193485023000011/0001934850-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934850/000193485023000011/fgannuitieslifeincxfebruar.htm
  HTML page:      https://secwatch.observer/filing/0001934850-23-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer