earnings
confidence high
sentiment negative
materiality 0.75
F&G Q2 2026 net loss $81M; adjusted EPS $0.65 vs $0.77 YoY; record AUM $74.7B
F&G Annuities & Life, Inc.
- Net loss of $81M ($0.62 diluted loss) vs net income of $35M ($0.26) in Q2 2025; adjusted net earnings $85M ($0.65) vs $103M ($0.77) YoY.
- Record AUM before reinsurance $74.7B, up 8% YoY; gross sales $2.7B, net sales $1.5B.
- Returned $128M to shareholders in Q2: $37M dividends, $91M share repurchases (3.3M shares at avg $27.27).
- Book value per common share ex AOCI $45.93, up from $44.43 at Dec 31, 2025.
- Adjusted ROE ex AOCI 8.0% vs 8.8% in Q2 2025; alternative investment income $49M below long-term expected return.