Description

F&G’s $75 Billion AUM Base: Is The Retirement Growth Story Undervalued?

F&G’s first quarter of 2026 demonstrated steady progress in line with its articulated strategic priorities, emphasizing asset growth, diversification, and capital discipline. The company reported adjusted net earnings of $110 million, or $0.82 per share, reflecting retained asset growth, increased fees from flow reinsurance, and operational scale benefits, offset by a $5 million unfavorable significant item related to investment and income adjustments. Assets under management (AUM) reached nearly $75 billion, marking an 11% increase year-over-year, with retained AUM specifically growing by 3% to $56 billion, excluding a $1.8 billion in-force block divested via F&G Life Re sale. F&G continues to benefit structurally from demographic trends including the peak retirement wave, which supports demand for its core products—retail indexed annuities, indexed universal life insurance, and pension risk transfer. The firm reported gross sales of $3.