---
schema_version: "secwatch.filing_event.v1"
accession: "0001934850-23-000054"
form_type: "8-K"
ticker: "FG"
cik: "0001934850"
company_name: "F&G Annuities & Life, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T03:04:06.175317+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# F&G Q2 net earnings $130M ($1.04/sh), adjusted $79M ($0.63/sh) down YoY

## Summary
- Net earnings $130M ($1.04 diluted) vs $385M ($3.60) in Q2 2022; adjusted net earnings $79M ($0.63) vs $155M ($1.45).
- Gross sales $3.0B (-3% YoY); net sales $2.2B (-12% YoY) reflecting higher flow reinsurance cession from 50% to 75%.
- Record AUM of $46.3B (+15% YoY); debt-to-cap ratio 23% below 25% target.
- Moody's upgraded F&G's primary operating companies' financial strength rating to 'A3' from 'Baa1' on July 21, 2023.
- Quarterly dividend of $0.20/sh declared, payable Sept 29 to holders of record Sept 15; $16M in share repurchases in Q2.

## SEC filing metadata
- accession: 0001934850-23-000054
- form_type: 8-K
- ticker: FG
- cik: 0001934850
- company_name: F&G Annuities & Life, Inc.
- filed_at: 2023-08-08T23:59:59+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/1934850/000193485023000054/0001934850-23-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1934850/000193485023000054/fg-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001934850-23-000054
- JSON: https://secwatch.observer/filing/0001934850-23-000054.json
- Plain text: https://secwatch.observer/filing/0001934850-23-000054.txt

## Key facts
- Earnings Releases
  F&G Annuities & Life, Inc. reported the second quarter ended June 30, 2023 results: net income Net earnings for the second quarter of $130 million, or $1.04 per diluted share (per share), EPS $1.04 per diluted share.
  - Period: the second quarter ended June 30, 2023
  - Net income: Net earnings for the second quarter of $130 million, or $1.04 per diluted share (per share)
  - EPS: $1.04 per diluted share
  - Result: reported results
  source text: F&G Annuities & Life, Inc. (NYSE: FG) (F&G or the Company) a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, today reported financial results for the second quarter ended June 30, 2023. Net earnings for the second quarter of $130 million, or $1.04 per diluted share (per share), compared to net earnings of $385 million, or $3.60 per share, for the second quarter 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1934850/000193485023000054/0001934850-23-000054-index.htm

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