F&G Investor Update Fall 2025 Disclaimer & Forward-Looking Statements This presentation contains forward-looking statements that are subject to known and unknown risks and uncertainties, many of which are beyond our control. Some of the forward-looking statements can be identified by the use of terms such as "believes", "expects", "may", "will", "could", "seeks", "intends", "plans", "estimates", "anticipates" or other comparable terms. Statements that are not historical facts, including statements regarding ...

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]