F&G Annuities & Life Q3FY26 Results: Alt investment income est. $47M-$57M
- F&G Annuities & Life releases Q3FY26 earnings on November 5, 2026
- Estimated alternative investment income at $47 million to $57 million pre-tax
- Annualized return of approx. 5% trails 12% long-term expected return
- Pre-tax shortfall estimated at $70 million; post-tax at $55 million
- Conference call scheduled for 9:00 am ET on November 6, 2026
*this image is generated using AI for illustrative purposes only.
F&G Annuities & Life will release its third quarter 2026 earnings after the close of regular market trading on Thursday, November 5, 2026. The Des Moines-based insurance provider announced the schedule in a statement dated October 5, 2026.
Preliminary results indicate that investment income from alternative investments for the three months ended September 30, 2026, is estimated at approximately $47 million to $57 million (pre-tax). This range represents an annualized return of approximately 5%, falling short of management’s current long-term expected return of approximately 12%.
Preliminary financial estimates
Based on preliminary data received to date, the company disclosed the following estimates for Q3FY26:
| Metric | Estimate | Notes |
|---|---|---|
| Alternative Investment Income (Pre-tax) | $47 million to $57 million | Annualized return approx. 5% |
| Shortfall vs Expected Return (Pre-tax) | $70 million | Below 12% long-term expectation |
| Shortfall vs Expected Return (Post-tax) | $55 million | Below 12% long-term expectation |
The estimated shortfall of $70 million pre-tax and $55 million post-tax highlights a divergence between actual performance and long-term targets. Investment income from these assets includes mark-to-market movements reflected in adjusted net earnings from certain limited partnerships and other equity interests. These interests, including limited liability corporations classified as investments in unconsolidated affiliates and certain company-owned life insurance (COLI) classified as other long-term investments, are generally reported on a one-quarter lag.
Access details for investors
A webcast and conference call to discuss the results will follow at 9:00 am Eastern Time on Friday, November 6, 2026. Investors can access additional information about the quarterly financial results, including the earnings release, on the company's Investor Relations website.
The event can be accessed through the following channels:
- Live Webcast: Register and access the webcast on the Investor Relations website.
- Conference Call: Dial 1-877-407-3982 (U.S.) or 1-201-493-6780 (International).
- Replay: A webcast replay will be available on the Investor Relations website after the live event.
Company profile
F&G is a leading provider of insurance solutions serving retail annuity and life customers and institutional clients. The company is committed to helping Americans turn their aspirations into reality.
F&G is headquartered in Des Moines, Iowa. For more information, please visit the corporate profile section of the Investor Relations website.
Will F&G management revise its long-term alternative investment return targets following the significant Q3 shortfall?
How might the persistent gap between actual and expected returns impact F&G's future asset allocation strategy and risk appetite?
What are the potential implications for F&G's credit ratings if underperformance in alternative investments continues into subsequent quarters?
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