F&G Annuities & Life, Inc.FG
| Dec 31,
2022 | Dec 31,
2023 | Dec 31,
2024 |
|---|
| Net earnings (loss) | - | - | 642 |
|---|
| Depreciation and amortization | 329 | 412 | 569 |
|---|
| (Gain) loss on sales of investments and other assets and asset impairments, net | -436 | -461 | 210 |
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| Increase (Decrease) Interest Credited to Policy Owner Account | -542 | 1,409 | 1,327 |
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| Change in market risk benefits, net | - | -95 | 25 |
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| Deferred policy acquisition costs and deferred sales inducements | 814 | 1,082 | 1,419 |
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| Charges assessed to contractholders for mortality and administration | 212 | 255 | 291 |
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| Proceeds from Equity Method Investment, Distribution | 119 | 104 | 108 |
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| Stock-based compensation cost | 12 | 23 | 29 |
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| Change in NAV of limited partnerships, net | 109 | 220 | 350 |
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| Change in valuation of derivatives, equity and preferred securities and other assets, net | -561 | 347 | -60 |
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| Change in reinsurance recoverable | -21 | -94 | 19 |
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| Change in derivative collateral liabilities | - | - | 91 |
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| Change in future policy benefits | 1,191 | 1,325 | 1,853 |
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| Change in funds withheld from reinsurers | 2,056 | 3,386 | 3,795 |
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| Net change in income taxes | 170 | -4 | 103 |
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| Net change in other assets and other liabilities | 528 | -491 | 264 |
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| Net cash provided by operating activities | 3,171 | 5,834 | 5,999 |
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| Proceeds from sales, calls and maturities of investments | 5,429 | 5,279 | 11,260 |
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| Additions to property and equipment and capitalized software | 32 | 27 | 24 |
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| Purchases of investment securities | 12,444 | 13,345 | 16,922 |
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| Net proceeds from sales, maturities and purchases of short-term investment securities | 1,654 | 28 | 1,103 |
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| Other acquisitions/disposals, net of cash acquired | - | - | 482 |
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| Additional investments in unconsolidated affiliates | 982 | 1,137 | 1,114 |
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| Net increase in policy loans | - | - | 33 |
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| Distributions from unconsolidated affiliates, return of investment | 313 | 340 | 478 |
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| Net increase in notes receivable | - | - | 13 |
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| Net cash used in investing activities | -9,370 | -8,918 | -7,953 |
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| Borrowings | 550 | 845 | 1,050 |
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| Debt issuance costs | 4 | 16 | 20 |
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| Proceeds from (Repayments of) Other Long-Term Debt | - | -185 | -365 |
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| Repayments of outstanding debt | - | - | 250 |
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| Dividends paid | - | - | 121 |
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| Dividends and distributions paid to non-controlling interest shareholders | - | - | 14 |
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| Purchases of treasury stock | - | 18 | 12 |
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| Issuance of preferred stock | - | - | 250 |
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| Contractholder account deposits | 8,530 | 7,787 | 10,147 |
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| Contractholder account withdrawals | 3,450 | 4,625 | 8,010 |
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| Net cash provided by (used in) financing activities | 5,626 | 3,687 | 2,655 |
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| Net increase (decrease) in cash and cash equivalents | -573 | 603 | 701 |
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