F&G Annuities & Life, Inc. reported significant financial performance improvements in its quarterly report for the period ending September 30, 2025. The company generated total revenues of $1.694 billion, a 17.3% increase from $1.444 billion in the same quarter of the previous year. For the nine months ending September 30, 2025, revenues totaled $3.966 billion, down from $4.185 billion in the prior year. The net earnings attributable to common shareholders for the third quarter were $114 million, compared to a loss of $10 million in the same period last year. For the nine-month period, net earnings were $124 million, a decrease from $299 million in 2024.
The company experienced notable changes in its operational metrics. Life insurance premiums and other fees rose to $711 million for the third quarter, up from $506 million a year earlier, while interest and investment income increased to $748 million from $712 million. The total benefits and expenses for the quarter were $1.563 billion, compared to $1.474 billion in the prior year, reflecting higher policyholder benefits and other changes in policy reserves. The company’s total assets grew to $96.137 billion as of September 30, 2025, up from $84.931 billion at the end of 2024, driven by increased investments and cash reserves.
Strategically, F&G Annuities & Life has made significant moves, including the acquisition of a 70% stake in Roar Joint Venture, LLC, which has contributed to its distribution capabilities. The company also launched a new reinsurance vehicle backed by Blackstone-managed funds, enhancing its capital position. Additionally, F&G completed a public offering of 8 million shares of common stock, raising $269 million for general corporate purposes. The company’s employee headcount remained stable, with no significant changes reported.
F&G's operational indicators showed a strong customer base, with total contractholder funds reaching $61.798 billion, up from $56.404 billion at the end of 2024. The company reported a weighted average crediting rate of 4.71% for its fixed-rate annuities. The firm also noted a decrease in its allowance for expected credit losses, reflecting improved asset quality. Looking ahead, F&G Annuities & Life anticipates continued growth driven by the aging U.S. population and increasing demand for retirement solutions, although it remains cautious about potential market volatility and regulatory changes that could impact its operations.
About F&G Annuities & Life, Inc.
F&G Annuities & Life, Inc. provides insurance solutions including fixed and indexed annuities, life insurance, pension risk transfer, and institutional funding agreements. Serving retail and institutional markets, it leverages diversified distribution channels, strategic partnerships, and a strong investment portfolio. The company focuses on long-term growth, product innovation, and market expansion, offering principal protection, guaranteed income, and risk management services to help customers secure retirement and savings goals.
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