---
schema_version: "secwatch.filing_event.v1"
accession: "0001934850-25-000018"
form_type: "8-K"
ticker: "FG"
cik: "0001934850"
company_name: "F&G Annuities & Life, Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T09:20:15.771671+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# F&G Q1 net loss $25M (-$0.20 EPS); adjusted EPS $0.72 vs $0.86; record AUM $67.4B

## Summary
- Net loss attributable to common shareholders of $25M (diluted EPS -$0.20) vs net earnings $111M ($0.88) in Q1 2024.
- Adjusted net earnings $91M ($0.72) vs $108M ($0.86) prior year; adjusted ROE ex AOCI improved to 9.7% from 7.4%.
- Record AUM before flow reinsurance $67.4B (+16% YoY); gross sales $2.9B, net sales $2.2B; 96% fixed maturities investment grade.
- Completed 8M share public offering in March; net proceeds ~$269M; FNF bought 4.5M shares (82% ownership).
- Issued $375M junior subordinated notes in Jan; fully redeemed $300M senior notes in Feb; debt-to-cap 26.7%.

## SEC filing metadata
- accession: 0001934850-25-000018
- form_type: 8-K
- ticker: FG
- cik: 0001934850
- company_name: F&G Annuities & Life, Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1934850/000193485025000018/0001934850-25-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1934850/000193485025000018/fg-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001934850-25-000018
- JSON: https://secwatch.observer/filing/0001934850-25-000018.json
- Plain text: https://secwatch.observer/filing/0001934850-25-000018.txt

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