secwatch.observer — SEC 8-K summary
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Issuer:     F&G Annuities & Life, Inc. (FG)
CIK:        0001934850
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001934850-23-000054
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 Q2 net earnings $130M ($1.04/sh), adjusted $79M ($0.63/sh) down YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934850/000193485023000054/0001934850-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934850/000193485023000054/fg-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001934850-23-000054

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