Filing Flows › F&G Annuities & Life (FG) › Q1 2026
F&G Annuities & Life (FG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
F&G Annuities & Life (FG) reported revenue of $1.2B for the first quarter 2026 (Q1 2026), +31% from a year earlier and -33% from the quarter before. Operating margin was 27.2%, net earnings $248M (20.9% of revenue).
F&G Annuities & Life, Q1 2026: revenue $1.2B (+31% year over year), operating margin 27.2%, net earnings $248M, operating cash flow $743M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -33% | +31% |
| Operating profit | $323M | +101% | — |
| Net earnings | $248M | +94% | — |
| Operating cash flow | $743M | -36% | -22% |
What changed
Revenue was $1.2B in Q1 2026, up 31% year over year and down 33% from the previous quarter.
Operating profit was $0.32B, a 27.2% margin (up 30.1 points year over year). Total costs fell 7% while revenue rose 31%. Net earnings were $0.25B. The effective tax rate was 22.9%.
Operating cash flow was $0.74B (down 22% year over year), 298% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.31B.
Questions
What was F&G Annuities & Life's revenue in the first quarter 2026?
F&G Annuities & Life (FG) reported revenue of $1.2B for the first quarter 2026 (Q1 2026), +31% from a year earlier and -33% from the quarter before.
Was F&G Annuities & Life profitable in the first quarter 2026?
Operating profit was $323M (27.2% of revenue) and net earnings $248M.