secwatch.observer — SEC 8-K summary
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Issuer:     F&G Annuities & Life, Inc. (FG)
CIK:        0001934850
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001934850-23-000037
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934850/000193485023000037/0001934850-23-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934850/000193485023000037/fg-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001934850-23-000037

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