Filing Flows › F&G Annuities & Life (FG) › Q3 2025
F&G Annuities & Life (FG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
F&G Annuities & Life (FG) reported revenue of $1.7B for the third quarter 2025 (Q3 2025), +17% from a year earlier and +24% from the quarter before. Operating margin was 7.7%, net earnings $118M (7.0% of revenue).
F&G Annuities & Life, Q3 2025: revenue $1.7B (+17% year over year), operating margin 7.7%, net earnings $118M, operating cash flow $937M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +24% | +17% |
| Operating profit | $131M | +130% | — |
| Net earnings | $118M | +195% | — |
| Operating cash flow | $937M | -42% | -55% |
What changed
Revenue was $1.7B in Q3 2025, up 17% year over year and up 24% from the previous quarter.
Operating profit was $0.13B, a 7.7% margin (up 9.8 points year over year). Total costs grew 6% against revenue growth of 17%. Net earnings were $0.12B. The effective tax rate was 8.4%.
Operating cash flow was $0.94B (down 55% year over year), 781% of net earnings. Non-cash charges added back $0.18B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.63B.
Questions
What was F&G Annuities & Life's revenue in the third quarter 2025?
F&G Annuities & Life (FG) reported revenue of $1.7B for the third quarter 2025 (Q3 2025), +17% from a year earlier and +24% from the quarter before.
Was F&G Annuities & Life profitable in the third quarter 2025?
Operating profit was $131M (7.7% of revenue) and net earnings $118M.