other material
confidence medium
sentiment negative
materiality 0.60
F&G expects Q2 alt investment income $56-66M, well below 12% target; NAIC CLO rule may cut RBC 10pp
F&G Annuities & Life, Inc.
- Estimated Q2 2026 alternative investment income $56M-$66M pre-tax, midpoint annualized return ~6% vs. long-term expectation of ~12%.
- Shortfall of $65M pre-tax and $51M post-tax below management's long-term expected return of ~12%.
- New NAIC CLO RBC factors effective Dec 31, 2026 could reduce FGL Insurance's RBC ratio by ~10 percentage points.
- Full Q2 2026 earnings release scheduled for August 5, 2026; these are preliminary and unaudited estimates.