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Regulation and Equity (Tables)

12 Months Ended

Dec. 31, 2024

Insurance [Abstract]

Statutory Accounting Practices Disclosure

Statutory net income and statutory capital and surplus of our wholly owned U.S. regulated insurance subsidiaries were as follows:

			Subsidiary (state of domicile) (a)
			FGL Insurance (IA)						FGL NY Insurance (NY)						Raven Re (VT)						Corbeau Re (VT)
Statutory Net income (loss):			(In millions)
Year ended December 31, 2024			$	150					$	8					$	54					$	(458)
Year ended December 31, 2023			(462)						5						60						(644)
Year ended December 31, 2022			(243)						(15)						(111)						—
Statutory Capital and Surplus:
December 31, 2024			$	1,654					$	97					$	168					$	178
December 31, 2023			2,009						86						140						171

(a) FGL NY Insurance, Raven Re and Corbeau Re are subsidiaries of FGL Insurance, and the columns should not be added together. Corbeau Re was incorporated on September 1, 2023.

Net income and capital and surplus of our wholly owned Cayman Islands and Bermuda regulated insurance subsidiaries under SAP and GAAP, respectively, were as follows:

			Subsidiary (country of domicile)
			F&G Cayman Re (Cayman Islands)						F&G Life Re (Bermuda)
Statutory Net income (loss):			(In millions)
Year ended December 31, 2024			$	(11)					$	139
Year ended December 31, 2023			133						151
Year ended December 31, 2022			71						(339)
Statutory Capital and Surplus (Deficit):
December 31, 2024			$	734					$	123
December 31, 2023			543						11

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- References

No definition available.

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- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 944
-SubTopic 505
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477908/944-505-50-1

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-Name Accounting Standards Codification
-Topic 944
-SubTopic 505
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477908/944-505-50-6

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 944
-SubTopic 505
-Section 55
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478420/944-505-55-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 944
-SubTopic 505
-Section 55
-Paragraph 1
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-Name Accounting Standards Codification
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-SubTopic 505
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477908/944-505-50-3

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