Filing Flows › F&G Annuities & Life (FG) › Q1 2025
F&G Annuities & Life (FG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
F&G Annuities & Life (FG) reported revenue of $908M for the first quarter 2025 (Q1 2025), -42% from a year earlier and -42% from the quarter before. Operating margin was -2.9%, net loss $21.0M (2.3% of revenue).
F&G Annuities & Life, Q1 2025: revenue $908M (-42% year over year), operating margin -2.9%, net loss $21.0M, operating cash flow $956M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $908M | -42% | -42% |
| Operating profit | −$26.0M | — | — |
| Net earnings | −$21.0M | — | — |
| Operating cash flow | $956M | -28% | -38% |
What changed
Revenue was $908.0M in Q1 2025, down 42% year over year and down 42% from the previous quarter.
Operating costs exceeded revenue by $26.0M, an operating margin of -2.9%. Total costs fell 35% while revenue fell 42%. The quarter ended with a net loss of $21.0M, after a profit of $327.0M the previous quarter.
Operating cash flow was $956.0M (down 38% year over year). Non-cash charges added back $153.0M of depreciation and amortization and $8.0M of share-based compensation. Working capital and other items added $816.0M.
Questions
What was F&G Annuities & Life's revenue in the first quarter 2025?
F&G Annuities & Life (FG) reported revenue of $908M for the first quarter 2025 (Q1 2025), -42% from a year earlier and -42% from the quarter before.
Was F&G Annuities & Life profitable in the first quarter 2025?
Operating loss was $26.0M (-2.9% of revenue) and net loss $21.0M.