Finance of America panies (FOA) - 2022 Q4 - Earnings Call Presentation

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]