---
schema_version: "secwatch.filing_event.v1"
accession: "0001934850-24-000023"
form_type: "8-K"
ticker: "FG"
cik: "0001934850"
company_name: "F&G Annuities & Life, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T13:56:14.729437+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# F&G swings to Q1 profit of $111M; AUM up 10% to $49.8B

## Summary
- Net earnings of $111M ($0.88/diluted) vs net loss of $195M ($1.56) in Q1 2023; adjusted net earnings $108M ($0.86) vs $61M ($0.49).
- Gross sales $3.5B, up 6% YoY; record AUM $49.8B (+10% YoY) and AUM before flow reinsurance $58.0B.
- Adjusted return on assets improved to 0.87% from 0.55%; book value per common share excl AOCI $41.10 (up $0.68 in Q1).
- Parent FNF invested $250M in F&G's mandatory convertible preferred stock in January 2024; common dividend $0.21 per share.

## SEC filing metadata
- accession: 0001934850-24-000023
- form_type: 8-K
- ticker: FG
- cik: 0001934850
- company_name: F&G Annuities & Life, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1934850/000193485024000023/0001934850-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1934850/000193485024000023/fg-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001934850-24-000023
- JSON: https://secwatch.observer/filing/0001934850-24-000023.json
- Plain text: https://secwatch.observer/filing/0001934850-24-000023.txt

## Key facts
- Earnings Releases
  F&G Annuities & Life, Inc. reported first quarter ended March 31, 2024 results: net income Net earnings attributable to common shareholders (net earnings) for the first quarter of $111 million, EPS $0.88 per diluted share.
  - Period: first quarter ended March 31, 2024
  - Net income: Net earnings attributable to common shareholders (net earnings) for the first quarter of $111 million
  - EPS: $0.88 per diluted share
  - Result: reported results
  source text: F&G Annuities & Life, Inc. (the “Company” or “F&G”) issued an earnings release announcing its financial results for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1934850/000193485024000023/0001934850-24-000023-index.htm

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