secwatch.observer — SEC 8-K summary
======================================

Issuer:     F&G Annuities & Life, Inc. (FG)
CIK:        0001934850
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001934850-24-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934850/000193485024000023/0001934850-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934850/000193485024000023/fg-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001934850-24-000023

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