secwatch.observer — SEC 8-K summary
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Issuer:     F&G Annuities & Life, Inc. (FG)
CIK:        0001934850
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001934850-25-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934850/000193485025000018/0001934850-25-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934850/000193485025000018/fg-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001934850-25-000018

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