F&G Annuities & Life Reports Strong Q1 2026 Earnings, Initiates New $100M Share Repurchase Program
FG sits 43% above its 52-week low of $20.57.
Summary
F&G Annuities & Life reported a significant turnaround in Q1 2026 net earnings, swinging to a $244 million profit, alongside increased adjusted net earnings and a new $100 million share repurchase authorization.
Key Events · Earnings and Guidance · FG
-
Strong Q1 2026 Earnings Turnaround
The company reported net earnings attributable to common shareholders of $244 million ($1.78 per diluted share) for Q1 2026, a significant improvement from a net loss of $25 million ($0.20 per share) in Q1 2025. Adjusted net earnings also increased to $110 million ($0.82 per share) from $91 million ($0.72 per share) year-over-year.
-
Record Assets Under Management (AUM)
F&G achieved record assets under management before reinsurance of $74.5 billion as of March 31, 2026, an 11% increase over Q1 2025. Gross sales rose 10% to $3.2 billion, while net sales remained strong at $2.2 billion.
-
New $100 Million Share Repurchase Program Authorized
The Board of Directors authorized a new three-year share repurchase program for up to $100 million of common stock, effective March 13, 2026. This follows the repurchase of 1.2 million shares for $29 million during Q1 2026 under a previous authorization.
-
Increased Book Value Per Share
Book value per common share, excluding Accumulated Other Comprehensive Income (AOCI), increased to $46.51 as of March 31, 2026, up $2.08 or 5% from December 31, 2025.
Analysis · FG · Finance
F&G Annuities & Life reported a significant financial turnaround in the first quarter of 2026, swinging from a net loss in the prior year to a substantial net profit. This positive earnings report, which follows the Reuters news release earlier today, highlights robust growth in assets under management and sales. The company also demonstrated a commitment to shareholder returns by repurchasing shares and authorizing a new, substantial share repurchase program. This indicates strong operational performance and a proactive capital allocation strategy, which could positively influence investor sentiment.
At the time of this filing, FG was trading at $29.47 on NYSE in the Finance sector, with a market capitalization of approximately $4B. The 52-week trading range was $20.57 to $36.70. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.