UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 10-Q _________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40308 _________________________ FINANCE OF AMERICA COMPANIES INC. (Exact nam ...

Forward-Looking Statements | --- | --- | |------------------------------------|-------| | | | | | | | Earnings Supplement \| Q1 2023 | | | | | | | | | May 2023 | | | ©2022 Finance of America Companies | | This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts or statements of current conditions, but instead represent only management's beliefs r ...

Finance of America Companies Inc. (NYSE:FOA) Q1 2023 Earnings Conference Call May 8, 2023 5:00 PM ET Company Participants Michael Fant - Senior Vice President, Finance Graham Fleming - Chief Executive Officer Johan Gericke - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Leon Cooperman - Omega Advisors Operator Good afternoon. Thank you for attending today’s Finance of America First Quarter 2023 Earnings Call. My name is Frances, and I will be your moderator today. All lin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 10-K _________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40308 _________________________ FINANCE OF AMERICA COMPANIES INC. (Exact name of ...

Financial Data and Key Metrics Changes - The company recorded a net loss of $182 million or $0.90 per fully diluted share in Q4 2022, with an adjusted net loss of $56 million for the quarter and $61 million for the full year [7][37] - Cash decreased to $97 million in Q4, primarily due to operational losses in the mortgage origination segment, with a book value of $405 million and tangible net worth of $30 million as of December 31 [21][22] - On a pro forma basis, excluding the wind-down and divested businesses, the company recognized adjusted net income of $53 million for the year [20][43] Business Line Data and Key Metrics Changes - The reverse mortgage business originated $4.8 billion in funded volume in 2022, generating $128 million in pre-tax income despite declining revenue margins [32][42] - The mortgage origination segment recorded a $98 million adjusted net loss, while the commercial segment had a pre-tax loss of $26 million and lender services recorded a pre-tax loss of $25 million [41][42] - The company expects modest losses in the mortgage business in Q1 2023, with losses anticipated to be eliminated as the wind-down is completed [38] Market Data and Key Metrics Changes - The company is focusing on the reverse mortgage market, which is benefiting from strong demographic and economic tailwinds, with senior home equity reaching a record $11.8 trillion [18][30] - The acquisition of AAG is expected to enhance the company's market presence and expand its ability to educate consumers about leveraging home equity for retirement [10][11] Company Strategy and Development Direction - The company has decided to discontinue its forward mortgage origination segment due to uncertainty in the residential mortgage market, focusing instead on high-growth businesses like reverse mortgages [8][9] - The strategic direction is centered on helping Americans achieve their retirement goals through innovative home equity solutions [30][31] - The company anticipates significant cost and revenue synergies from the AAG acquisition, which will strengthen its capital and liquidity [39][40] Management's Comments on Operating Environment and Future Outlook - Management remains bullish on the earnings power of the organization but expects some volatility in near-term performance due to the recent business transformation [45] - The company believes that the actions taken will lead to improved performance in 2023, with a focus on completing announced transactions and integrating the AAG platform [24][40] Other Important Information - The company has taken steps to streamline operations and optimize infrastructure, expecting annual savings of $80 million to $100 million compared to peak costs in 2022 [34] - The company has completed four securitizations for over $1.4 billion in proprietary reverse volume during a challenging market [33] Q&A Session Summary Question: What is the current state of the Reverse business and expected volumes? - Management noted that volumes in the Reverse space have decreased, but they expect the AAG acquisition to add approximately $100 million in proprietary product volume post-acquisition [47][48] Question: What are the expectations for adjusted net income in Q1? - Management indicated that Q1 is likely to be the trough for the year, with improvements expected in Q2 as synergies from the AAG transaction materialize [49][50] Question: Are there any additional business lines that need to be wound down? - Management expressed confidence that the process of divesting non-core operations is largely complete, with no immediate plans for further monetization of remaining business lines [51]

Business Transformation & Financial Performance - Finance of America (FOA) transformed its business by completing the wind-down of its Mortgage Originations business in Q1 2023[11] - The company generated $53 million in ProForma Adjusted Net Income in 2022[16] - FOA's full year 2022 Adjusted Net Loss was $(61) million[13] - In Q4 2022, the Adjusted Net Loss was $(56) million[28] De-leveraging and Capital Strengthening - FOA is focused on de-leveraging and de-risking its balance sheet[5] - The company securitized approximately $1.4 billion in proprietary reverse loans over the past four months[14] - Over $200 million in Commercial loans were sold since the end of 2022[14] - In Q4 2022, over $750 million of proprietary reverse loans were securitized[31] - Roughly $700 million of proprietary reverse loans were securitized[32] Strategic Transactions - Sales of Title Insurance and Commercial Originations are expected to generate approximately $70 million in tangible equity and future liquidity[14,24] - The AAG acquisition is anticipated to generate more than $70 million of tangible net worth plus substantial operational synergies[14,35]

| --- | --- | |------------------------------------|-------| | | | | | | | Earnings Presentation \| Q3 2022 | | | | | | | | | November 2022 | | | ©2022 Finance of America Companies | | Disclaimer Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts or statements of current conditions, but instead represent only mana ...

Finance of America Companies, Inc. (NYSE:FOA) Q3 2022 Earnings Conference Call November 9, 2022 8:00 AM ET Company Participants Michael Fant - Senior Vice President, Finance Graham Fleming - President and Interim Chief Executive Officer Johan Gericke - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Doug Harter - Credit Suisse James Faucette - Morgan Stanley Operator Welcome to the Finance of America Third Quarter 2022 Earnings Call. My name is Harry and I’ll be coordinatin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 10-Q _________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40308 _________________________ FINANCE OF AMERICA COMPANIES INC. (Exact ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40308 FINANCE OF AMERICA COMPANIES INC. (Exact name of registrant as specified in its charter) (State or other ...