Earnings ·
F&G estimates Q3 alternative investment income of $47M-$57M, below long-term expectations
FGF&G Annuities & Life, Inc.
F&G Annuities & Life provides preliminary estimates for the third quarter ended September 30, 2026, projecting pre-tax investment income from alternative investments between $47 million and $57 million. This range implies an annualized return of approximately 5%, which is significantly lower than management's long-term expected return of 12%. The shortfall represents estimated pre-tax and post-tax figures that are $70 million and $55 million below expectations, respectively. These estimates include mark-to-market movements from limited partnerships, equity interests, and company-owned life insurance reported on a one-quarter lag. Actual results may differ materially as financial closing procedures remain incomplete. F&G Annuities & Life operates in the annuities and life insurance industry.