F&G Annuities & Life Reports Strong Q1 2026 with Record AUM and Profit Reversal
Event summary
- F&G reported net earnings of $244 million for Q1 2026, reversing a $25 million net loss in Q1 2025.
- Record assets under management before reinsurance reached $74.5 billion, an 11% increase year-over-year.
- Gross sales were $3.2 billion, with $2.2 billion in net sales, driven by strong demand for retirement products.
- The company returned $67 million to shareholders through dividends and share repurchases.
- Adjusted net earnings were $110 million, up from $91 million in the same period last year.
The big picture
F&G's strong Q1 2026 results highlight its strategic shift towards a fee-based, higher-margin business model. The company's record AUM and profit reversal reflect successful capital allocation and strong market demand for retirement products. The sale of its Bermuda reinsurance operation signals a streamlined focus on core business segments.
What we're watching
- Investment Performance
- How the company's alternative investment portfolio will perform relative to long-term expectations.
- Capital Allocation
- Whether F&G can sustain its shareholder returns while investing in growth.
- Market Demand
- The pace at which demand for retirement savings products will continue to drive sales growth.
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