Financial Performance - F&G reported strong 3Q25 gross sales of $4.2 billion, an increase of 8% compared to 3Q24[4] - Net sales for 3Q25 reached $2.8 billion, up 17% from 3Q24[4] - Assets Under Management (AUM) before flow reinsurance increased to $71.4 billion, a 14% year-over-year increase[4] - Total F&G Equity ex AOCI reached $6.0 billion[4] - Adjusted Return on Equity (ROE) for 3Q25 was 8.8%, in line with 2Q25[4] - YTD 3Q25 Capital Return to Shareholders was $98 million[4] Investment Portfolio - The investment portfolio is conservatively positioned and well-diversified, with $55 billion in assets[54] - Fixed income constitutes 96% investment grade[57] - The structured credit portfolio includes $12 billion in assets, with 39% in CLOs and 33% in CMBS[60] - The mortgage loans portfolio totals $9 billion, diversified across property types[62] Growth and Strategy - F&G is targeting a 50% growth in AUM and an adjusted ROA ex significant items of 1.33% to 1.55%[18] - The company aims to increase adjusted ROE ex AOCI and significant items to 13% to 14% and expand its P/E multiple to 7-8x[18]

Financial Performance - F&G reported strong 2Q25 performance with $4.1 billion in gross sales, a 41% increase compared to 1Q25[4] - Net sales reached $2.7 billion in 2Q25, up 23% from 1Q25[4] - Assets Under Management (AUM) increased to $55.6 billion, a 7% year-over-year increase[4] - AUM before flow reinsurance rose to $69.2 billion, a 13% year-over-year increase[4] - The adjusted Return on Equity (ROE) was 8.8% for 1H25, a 40 bps increase year-over-year[4] - F&G returned $65 million of capital to shareholders in 1H25[4, 92] Investment Portfolio - The investment portfolio is conservatively positioned and well-diversified, with fixed income being 97% investment grade[52, 58] - The portfolio includes $13 billion in structured credit, $9 billion in mortgage loans, and $9 billion in private origination[61, 62, 66] - Alternative LPs comprise 6% of the total portfolio, with a NAV of $2.9 billion[58, 144, 145] Strategic Goals - F&G aims to grow AUM by 50%, expand adjusted ROA to 1.33%-1.55%, and increase adjusted ROE to 13%-14%[19] - The company is focused on margin expansion through retained business, flow reinsurance, and owned distribution[17]