F&G reports Q1 net loss of $195M; adjusted EPS $0.39; record gross sales $3.3B

F&G Annuities & Life, Inc.

2023-Q1 EPS reported -$1.56 revenue$869,000,000

Net loss of $195M ($1.56 diluted loss); adjusted net earnings $49M ($0.39), down from $80M ($0.76) in Q1 2022.
Record gross sales of $3.3B (+27% YoY) driven by record retail sales of $2.8B (+87% YoY). Net sales $2.2B (-8% due to increased flow reinsurance).
Assets under management record $45.4B (+18% YoY). Book value ex-AOCI per share $39.94, down from $41.45 recast Dec 31, 2022.
Board declared $0.20/share quarterly dividend payable June 30, record June 16. Also authorized $25M share repurchase program.
Issued $500M 7.40% senior notes due 2028; increased revolving credit facility by $115M to $665M.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

F&G Annuities & Life, Inc. reported first quarter ended March 31, 2023 results: net income Net loss for the first quarter of $195 million, or $1.56 per diluted share (per share) primarily due to unfavorable mark, EPS Net earnings (loss) per diluted share $ (1.56).

Period: first quarter ended March 31, 2023
Net income: Net loss for the first quarter of $195 million, or $1.56 per diluted share (per share) primarily due to unfavorable mark
EPS: Net earnings (loss) per diluted share $ (1.56)
Result: reported results

Exact text from the filing

F&G Annuities & Life, Inc. (the "Company", "F&G") issued an earnings release announcing its financial results for the first quarter ended March 31, 2023.

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

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

Source: SEC EDGAR

accession 0001934850-23-000037

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