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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Millions, $ in Millions
Total
F&G
Common Stock
Additional Paid-in Capital
Additional Paid-in Capital
F&G
Retained Earnings
Accumulated Other Comprehensive Earnings (Loss)
Treasury Stock
Non-controlling Interests
Non-controlling Interests
F&G
Beginning balance (in shares) at Dec. 31, 2023     329              
Beginning balance at Dec. 31, 2023 $ 7,460   $ 0 $ 5,913   $ 5,244 $ (2,119) $ (2,130) $ 552  
Beginning balance, Treasury stock (in shares) at Dec. 31, 2023               56    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Noncontrolling interest associated with current period acquisitions 136               136  
Exercise of stock options 1     1            
Purchase of incremental share in consolidated subsidiaries (7)     (4)         (3)  
Other comprehensive (loss) earnings- unrealized (loss) gain on investments and other financial instruments (5)           (5)      
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates 13 [1]           13      
Other comprehensive earnings (loss) - unrealized gain (loss) on foreign currency translation (6) [2]           (6)      
Reclassification adjustments for change in unrealized gains and losses included in net earnings 13 [3]           13      
Change in instrument-specific credit risk - market risk benefits 1 [4]           1      
Change in current discount rate — liability for future policy benefits 91 [5]           91      
Other comprehensive loss associated with noncontrolling interests (17) [6]     (1)     (17)   18  
Stock-based compensation 16     15         1  
Shares withheld for taxes and in treasury (7)             $ (1) (6)  
Dividends declared, per common share (131)         (131)        
Subsidiary dividends declared to non-controlling interests (7)               (7)  
Net earnings 269         248     21  
Ending balance (in shares) at Mar. 31, 2024     329              
Ending balance at Mar. 31, 2024 7,837   $ 0 5,924   5,361 (2,029) $ (2,131) 712  
Ending balance, Treasury stock (in shares) at Mar. 31, 2024               56    
Beginning balance (in shares) at Dec. 31, 2024     331              
Beginning balance at Dec. 31, 2024 $ 8,532   $ 0 5,976   5,982 (2,052) $ (2,152) 778  
Beginning balance, Treasury stock (in shares) at Dec. 31, 2024 56             56    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Exercise of stock options $ 4     4            
F&G common stock offering   $ 117     $ 8         $ 109
Other comprehensive (loss) earnings- unrealized (loss) gain on investments and other financial instruments 267           267      
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates 8 [1]           8      
Other comprehensive earnings (loss) - unrealized gain (loss) on foreign currency translation 6 [2]           6      
Reclassification adjustments for change in unrealized gains and losses included in net earnings (2) [3]           (2)      
Change in instrument-specific credit risk - market risk benefits 23 [4]           23      
Change in current discount rate — liability for future policy benefits (86) [5]           (86)      
Other comprehensive loss associated with noncontrolling interests (30) [6]           (30)   30  
Stock-based compensation 21     20         1  
Shares withheld for taxes and in treasury (2)               (2)  
Repurchases of treasury stock (25)             $ (25)    
Repurchases of treasury stock (in shares)               1    
Dividends declared, per common share (137)         (137)        
Subsidiary dividends declared to non-controlling interests (12)               (12)  
Net earnings 83         83        
Ending balance (in shares) at Mar. 31, 2025     331              
Ending balance at Mar. 31, 2025 $ 8,797   $ 0 $ 6,008   $ 5,928 $ (1,866) $ (2,177) $ 904  
Ending balance, Treasury stock (in shares) at Mar. 31, 2025 57             57    
[1] Net of income tax expense of $2 million and $4 million for the three months ended March 31, 2025 and 2024, respectively.
[2] Net of income tax expense (benefit) of $1 million and $(1) million for the three months ended March 31, 2025 and 2024, respectively.
[3] Net of income tax expense of $4 million for the three months ended March 31, 2024.
[4] Net of income tax expense of $6 million and less than $1 million for the three months ended March 31, 2025 and 2024, respectively.
[5] Net of income tax (benefit) expense of $(21) million and $24 million for the three months ended March 31, 2025 and 2024, respectively.
[6] Net of income tax benefit of $8 million and $5 million for the three months ended March 31, 2025 and 2024, respectively.