Business context and reporting period
F&G Annuities & Life, Inc. furnished this Form 8-K on October 5, 2026, with preliminary information about alternative-investment income for the three months ended September 30, 2026. The company expects to release its third-quarter earnings and financial supplement on November 5, 2026, and discuss results on a November 6 earnings call.
Key financial information
- Estimated pre-tax investment income from alternative investments: approximately $47 million to $57 million.
- The midpoint of the estimated range implies an annualized return of approximately 5%.
- Management estimates alternative-investment income to be approximately $70 million below its current long-term expected return on a pre-tax basis and $55 million below it on a post-tax basis. Management’s current long-term expected return is approximately 12%.
This filing does not provide a clear value for company-wide revenue, profit, cash flow, margins, debt, or liquidity.
Changes, outlook, and risks
The preliminary estimate indicates alternative-investment returns below management’s long-term expected return for the quarter. The filing does not provide a comparable prior-quarter or prior-year amount, so the change versus those periods cannot be assessed from this filing.
The estimate includes mark-to-market movements reflected in adjusted net earnings from certain limited partnerships and other equity interests, including certain investments generally reported on a one-quarter lag. The figures are unaudited, preliminary, based on information available to management, and subject to completion of closing procedures; actual results could differ materially. The company cautions against drawing conclusions about financial or operating data not disclosed here, and says the estimate is not necessarily indicative of future results.
Forward-looking statements are subject to risks including economic and interest-rate conditions, equity and credit-market performance, counterparty credit risk, regulatory changes and capital or reserve requirements, among other risks described in the company’s SEC filings. The company says it undertakes no obligation to update forward-looking statements.
Most important facts to verify
- Final third-quarter alternative-investment income and the resulting annualized return in the November 5 earnings release.
- Whether completed close procedures materially change the preliminary range or the estimated gaps to long-term expected returns.
- How alternative-investment results affect adjusted net earnings and the company’s full financial results, which this filing does not provide.
- Management’s discussion of drivers, risks, and outlook on the November 6 earnings call.