---
schema_version: "secwatch.filing_event.v1"
accession: "0001934850-23-000037"
form_type: "8-K"
ticker: "FG"
cik: "0001934850"
company_name: "F&G Annuities & Life, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:45:47.970319+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001934850-23-000037
- form_type: 8-K
- ticker: FG
- cik: 0001934850
- company_name: F&G Annuities & Life, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1934850/000193485023000037/0001934850-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1934850/000193485023000037/fg-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001934850-23-000037
- JSON: https://secwatch.observer/filing/0001934850-23-000037.json
- Plain text: https://secwatch.observer/filing/0001934850-23-000037.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1934850/000193485023000037/0001934850-23-000037-index.htm

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