Below are the financial statements of F&G Annuities & Life, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 |
|---|---|---|
| Investments | — | — |
| Fixed maturity securities available for sale, at fair value, at December 31, 2024 and 2023, at an amortized cost of $49,729 and $43,601, respectively, net of allowance for credit losses of $62 and $35, respectively | 46,317a | 40,419a |
| Preferred securities, at fair value | 270a | 0 |
| Equity securities, at fair value | 145a | 137a |
| Derivative investments | 792a | 797a |
| Mortgage loans, net of allowance for credit losses of $70 and $66 at December 31, 2024 and 2023, respectively | 5,926a | 5,336a |
| Investments in unconsolidated affiliates (certain investments at fair value of $272 and $285 at December 31, 2024 and 2023, respectively) | 3,565a | 3,071a |
| Other long-term investments | 580a | 537a |
| Short-term investments | 2,410a | 1,452a |
| Total investments | 60,109a | 52,289a |
| Assets | — | — |
| Cash and cash equivalents | 2,264a | 1,563a |
| Reinsurance recoverable, net of allowance for credit losses of $20 and $21 at December 31, 2024 and 2023, respectively | 13,369a | 8,960a |
| Goodwill | 2,179a | 1,749a |
| Prepaid expenses and other assets (certain assets held at fair value of $11 million and $0 at December 31, 2024 and 2023, respectively) | 1,059a | 931a |
| Other intangible assets, net | 5,572a | 4,207a |
| Market risk benefits asset | 189a | 88a |
| Income taxes receivable | 0a | 27a |
| Deferred tax asset, net | 299a | 388a |
| Total assets | 85,040a | 70,202a |
| Liabilities | — | — |
| Contractholder funds | 56,404a | 48,798a |
| Future policy benefits | 8,749a | 7,050a |
| Market risk benefits liability | 549a | 403a |
| Accounts payable and accrued liabilities | 2,219a | 2,011a |
| Income taxes payable | 5a | 0a |
| Notes payable | 2,171a | 1,754a |
| Funds withheld for reinsurance liabilities | 10,867a | 7,083a |
| Total liabilities | 80,964a | 67,099a |
| Equity | — | — |
| Preferred stock $0.001 par value; authorized 25,000,000 shares as of December 31, 2024 and 2023; outstanding and issued 5,000,000 and 0 shares as of December 31, 2024 and 2023, respectively | 0a | 0a |
| F&G common stock, $0.001 par value; authorized 500,000,000 shares as of December 31, 2024 and 2023; outstanding of 126,792,844 and 126,332,142 as of December 31, 2024 and 2023, respectively, and issued of 127,952,143 and 127,234,902 as of December 31, 2024 and 2023, respectively | 0a | 0a |
| Additional paid-in-capital | 3,464a | 3,185a |
| Retained earnings | 2,440a | 1,926a |
| Accumulated other comprehensive income (loss) ("AOCI") | -1,923a | -1,990a |
| Treasury stock, at cost (1,159,299 shares and 902,760 shares as of December 31, 2024 and 2023, respectively) | -30a | -18a |
| Total F&G Annuities & Life, Inc. shareholders' equity | 3,951a | 3,103a |
| Non-controlling interests | 125a | 0a |
| Total equity | 4,076a | 3,103a |
| Total liabilities and equity | 85,040a | 70,202a |
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