Highest-materiality recent filing
F&G expects Q2 alt investment income $56-66M, well below 12% target; NAIC CLO rule may cut RBC 10pp
Estimated Q2 2026 alternative investment income $56M-$66M pre-tax, midpoint annualized return ~6% vs. long-term expectation of ~12%.
Annual meeting elects three Class I directors, approves say-on-pay and auditor
John D. Rood, Michael J. Nolan, J. Douglas Martinez elected as Class I directors.
F&G CEO Chris Blunt retires; Conor Murphy named CEO effective June 30, Michael Bailey named CFO
Chris Blunt retires as CEO effective June 30, 2026; stays as director and CEO of Peak Altitude, leading strategic alternatives review.
F&G Q1 net earnings $244M ($1.78/sh), record AUM $74.5B, adjusted EPS $0.82
Net earnings $244M ($1.78/diluted) vs net loss $25M (-$0.20) in Q1 2025; adjusted net earnings $110M ($0.82) vs $91M ($0.72).
F&G enters 10b5-1 plan for common share repurchases through May 30, 2026
Plan entered March 30, 2026; open-market repurchases may begin April 7, 2026, terminate May 30, 2026.
F&G Q4 net earnings $124M ($0.92) vs $323M; adj net $123M; record AUM $73.1B
Q4 net earnings attributable to common shareholders fell to $124M ($0.92) from $323M ($2.50) a year ago.
FNF to distribute 12% of F&G stock to FNF shareholders at 6:100 ratio
Distribution of 16,280,204 F&G shares (approx 12% of FG outstanding) to FNF holders of record Dec 17.
FNF to distribute 16M shares (12% of FG) to FNF shareholders as special dividend
Distribution of ~16M FG shares owned by FNF, representing ~12% of FG's outstanding common stock.
F&G posts Q3 net earnings of $114M vs year-ago loss; record AUM $71.4B
Net earnings $114M ($0.85/diluted share) vs net loss of $10M (-$0.08) in Q3 2024.
John Currier steps down as President, takes senior advisory role reporting to CEO Chris Blunt.
F&G Q2 2025 adj EPS $0.77 vs $1.10 YoY; record AUM $69.2B, retail sales up 13%
Net earnings $35M ($0.26 dil EPS) vs $198M ($1.55) in Q2 2024.
F&G shareholders elect Blunt and Foley as Class III directors at annual meeting
Christopher O. Blunt elected with 125,880,738 votes for; 2,513,958 withheld; 2,593,318 broker non-votes.
F&G Q1 net loss $25M (-$0.20 EPS); adjusted EPS $0.72 vs $0.86; record AUM $67.4B
Net loss attributable to common shareholders of $25M (diluted EPS -$0.20) vs net earnings $111M ($0.88) in Q1 2024.
F&G Annuities & Life completes public offering of 8M shares; FNF to buy 4.5M shares
Completed public offering of 8,000,000 shares of common stock (plus 30-day option for up to 1,200,000 additional shares).
F&G appoints Conor Murphy as CFO; Wendy Young to become Chief Liability Officer
Wendy Young will transition from CFO to Chief Liability Officer on April 1, 2025.
F&G reports Q4 2024 adj EPS $1.12 vs $0.60 YoY; full year record gross sales $15.3B
Adj net earnings Q4 $143M ($1.12/sh) up from $75M ($0.60/sh); full year $546M ($4.30/sh) vs $335M ($2.68/sh).
F&G issues $375M of 7.300% Junior Subordinated Notes due 2065
Issued $375M aggregate principal amount of 7.300% junior subordinated notes due January 15, 2065.
F&G prices $375M 7.300% junior subordinated notes due 2065
Priced $375M aggregate principal of 7.300% Junior Subordinated Notes due 2065.
F&G Q3 adjusted EPS $1.22 beats $0.96 YoY; retail sales record $3.5B up 84%
Net loss $10M ($0.08) includes $150M unfavorable marks; adjusted net earnings $156M ($1.22) vs $120M ($0.96) YoY.
F&G Annuities & Life issues $500M of 6.250% senior notes due 2034
Principal $500M, coupon 6.250%, maturity October 4, 2034; interest payable semi-annually.
F&G Q2 net earnings $198M, adjusted EPS $1.10; gross sales up 47% to $4.4B
Net earnings $198M ($1.55 diluted EPS) vs $130M ($1.04) in Q2 2023; adjusted net earnings $139M ($1.10) vs $79M ($0.63).
Class II directors elected: Douglas K. Ammerman (118.1M for), Celina J. Wang Doka (120.6M for), Raymond R. Quirk (118.9M for).
F&G issues $550M 6.500% notes due 2029, tenders $250M of 5.50% notes due 2025
Issued $550M of 6.500% Senior Notes due 2029; proceeds partly fund tender offer for up to $250M of FGLH's 5.50% Notes due 2025.
F&G prices $550M 6.5% senior notes due 2029; launches tender for $250M of 5.5% notes due 2025
Priced $550M aggregate principal of 6.500% senior notes due 2029; expected close June 4, 2024.
F&G appoints John Currier as President; CEO Chris Blunt remains CEO
John D. Currier, Jr. promoted to President of F&G, effective May 8, 2024.
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).
F&G Q4 net loss $299M ($2.41/sh), adj. EPS $0.60; FY net loss $58M, record sales $13.2B
Q4 net loss of $299M ($2.41/sh); FY 2023 net loss of $58M ($0.47/sh).
F&G upsizes credit facility to $750M, extends maturity
Increased revolving credit facility from $665M to $750M.
F&G issues $250M 6.875% mandatory convertible preferred to parent FNF for growth capital
Issued 5M shares of 6.875% Series A Mandatory Convertible Preferred Stock to FNF for $250M cash.
F&G issues $345M of 7.950% Senior Notes due 2053, repays revolver
$345M aggregate principal, 7.950% coupon, matures Dec 15, 2053; quarterly interest starts Mar 15, 2024.
F&G reports Q3 net earnings $306M ($2.45/diluted); adjusted EPS $0.96
Net earnings $306M, $2.45/share vs $187M, $1.50 in Q3 2022; adjusted net earnings $120M, $0.96/share.
F&G holds Investor Day; presentation details not provided in filing text
Investor day held on October 3, 2023 in New York City; presentation furnished as Exhibit 99.1.
F&G Q2 net earnings $130M ($1.04/sh), adjusted $79M ($0.63/sh) down YoY
Net earnings $130M ($1.04 diluted) vs $385M ($3.60) in Q2 2022; adjusted net earnings $79M ($0.63) vs $155M ($1.45).
F&G Annuities & Life shareholders elect directors, approve say-on-pay at 2023 annual meeting
Three Class I directors elected: John D. Rood (120.0M for), Michael J. Nolan (118.0M for), Douglas Martinez (120.5M for).
F&G updates non-GAAP methodology and adopts new LDTI accounting standard, restating prior periods
Changed methodology for market related liability adjustment in adjusted net earnings (ANE), restating all prior periods in Q1 2023 supplement.
F&G says 873K policyholders affected by MOVEit vendor data breach
Third-party vendor PBI suffered MOVEit vulnerability; personal data of ~873,000 F&G policyholders accessed.
F&G Annuities & Life appoints Celina J. Wang Doka to Board of Directors, effective July 1, 2023
Board size set at eight; Doka elected as Class II director, term expiring at 2024 annual meeting.
F&G reports Q1 net loss of $195M; adjusted EPS $0.39; record gross sales $3.3B
Net loss of $195M ($1.56 diluted loss); adjusted net earnings $49M ($0.39), down from $80M ($0.76) in Q1 2022.
Scott Cochran, President of Institutional & New Markets, notified resignation effective end of 2023.
F&G Annuities & Life elects Douglas Martinez to Board of Directors
Board set at seven members; Douglas Martinez elected as Class I director effective April 1, 2023, term expiring at 2024 annual meeting.
F&G amends Blackstone IMA with tiered fees, extends term to 2029, adds performance-based termination
Management fee rates revised: 0.26% on first $25B AUM, 0.24% on $25-34B, 0.12% above $34B, effective March 31, 2023.
F&G Q4 net loss $100M on mark-to-market; record sales $2.7B; initiates $0.20 dividend
Q4 net loss $100M ($0.80 loss per share) vs net earnings $121M ($1.15) in Q4 2021; full year net earnings $481M ($4.18) vs $865M ($8.24).
F&G Annuities & Life grants $1.5M retention bonus to President – Retail Markets John Currier
Retention bonus of $1,500,000 for John Currier, President – Retail Markets.
F&G issues $500M of 7.400% Senior Notes due 2028
Issued $500 million aggregate principal of 7.400% senior notes due January 13, 2028.
F&G Annuities & Life declares inaugural $0.20 quarterly dividend, ~$100M annual
Inaugural quarterly dividend of $0.20 per share, payable Jan. 31, 2023 to holders of record Jan. 17, 2023.
FNF completes distribution of 15% of F&G; FG begins trading on NYSE, plans $100M annual dividend
FNF distributed ~15% of F&G common stock to FNF shareholders; FNF retains ~85% ownership.
F&G Annuities & Life enters $550M unsecured revolving credit facility
Credit agreement with Bank of America, JPMorgan, RBC and others provides up to $550M for working capital and general corporate purposes.
SEC declares effective F&G Form 10; spin-off of ~15% of shares to FNF holders on Dec 1
FNF shareholders receive 68 F&G shares per 1,000 FNF shares held as of Nov 22 record date.
Conor Murphy, current President and Chief Financial Officer, will assume a broader role as Chief Executive Officer and President.
Conor Murphy, current President and Chief Financial Officer, will assume a broader role as Chief Executive Officer and President.
Michael Bailey will join the Company as Executive Vice President, Chief Financial Officer effective August 3, 2026
Mark Wiltse, F&G’s Chief Accounting Officer, will serve as Interim Chief Financial Officer until August 3, 2026.
Chris Blunt will retire from his current role as Chief Executive Officer of F&G to focus on his roles as a Director of F&G and Chief Executive Officer of subsidiary Peak Altitude Equity, LLC (Peak Altitude).
Wendy Young will transition from her Chief Financial Officer role on April 1, 2025 to become F&G's Chief Liability Officer, a newly created position.
the Company has appointed Conor Murphy as its new Chief Financial Officer, effective April 1, 2025.
On May 8, 2024, the Board of Directors of F&G Annuities & Life, Inc. (“F&G” or the “Company”) appointed John D. Currier, Jr. to serve as President of F&G.
adopted a resolution to set the size of the Company’s Board of Directors at eight and elected Celina J. Wang Doka to serve on our Board of Directors, effective July 1, 2023.
On April 1, 2023, the Board of Directors of F&G Annuities & Life, Inc. (the “Company”) adopted a resolution to set the size of the Company’s Board of Directors at seven and elected Douglas Martinez to serve on our Board of Directors.
William P. Foley, II, Douglas K. Ammerman and John D. Rood were appointed to the Board.
William P. Foley, II, Douglas K. Ammerman and John D. Rood were appointed to the Board.
Max materiality 0.80 · Median 0.62 · Most common event earnings