F&G swings to Q2 FY26 net loss of $81 million; adjusted net earnings fall to $85 million
FG•AUM rises while sales decline
Assets under management before reinsurance rose 8% to $74.7 billion, while net sales fell to $1.5 billion from $2.7 billion.
Capital return and management commentary
The company returned $128 million to shareholders, including $91 million of share repurchases at an average price of $27.27.
CEO Conor Murphy cited record AUM and said F&G sees opportunities to scale fee-based, higher-margin, less capital-intensive earnings streams.
F&G reports lower adjusted earnings and a net loss
F&G Annuities & Life posted a GAAP net loss attributable to common shareholders of $81 million, or $0.62 per share, swinging from profit.
Non-GAAP adjusted net earnings slipped to $85 million, or $0.65 per share, from $103 million, or $0.77 per share.
