XML 19 R7.htm IDEA: XBRL DOCUMENT v3.25.2
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 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                    
Exercise of stock options (in shares)     0              
Exercise of stock options 10     10            
Purchase of incremental share in consolidated subs and Subsidiary equity repurchases (21)     (12)         (9)  
Other comprehensive (loss) earnings- unrealized (loss) gain on investments and other financial instruments (168)           (168)      
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates 18 [1]           18      
Other comprehensive earnings (loss) - unrealized gain (loss) on foreign currency translation (9) [2]           (9)      
Reclassification adjustments for change in unrealized gains and losses included in net earnings (6) [3]           (6)      
Change in instrument-specific credit risk - market risk benefits 20 [4]           20      
Change in current discount rate — liability for future policy benefits 183 [5]           183      
Other comprehensive earnings (loss) associated with noncontrolling interests (6) [6]     (1)     (6)   7  
Stock-based compensation 33     31         2  
Shares withheld for taxes and in treasury (7)             $ (1) (6)  
Dilution from share issuance by consolidated sub 0     1         (1)  
Dividends declared, per common share (262)         (262)        
Noncontrolling interest associated with current period acquisitions 136                  
Subsidiary dividends declared to non-controlling interests (18)               (18)  
Net earnings 612         554     58  
Ending balance (in shares) at Jun. 30, 2024     329              
Ending balance at Jun. 30, 2024 7,981   $ 0 5,942   5,536 (2,087) $ (2,131) 721  
Ending balance, Treasury stock (in shares) at Jun. 30, 2024               56    
Beginning balance (in shares) at Mar. 31, 2024     329              
Beginning balance at Mar. 31, 2024 7,837   $ 0 5,924   5,361 (2,029) $ (2,131) 712  
Beginning balance, Treasury stock (in shares) at Mar. 31, 2024               56    
Increase (Decrease) in Stockholders' Equity                    
Exercise of stock options 9     9            
Purchase of incremental share in consolidated subs and Subsidiary equity repurchases (14)     (8)         (6)  
Other comprehensive (loss) earnings- unrealized (loss) gain on investments and other financial instruments (163)           (163)      
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates 5 [1]           5      
Other comprehensive earnings (loss) - unrealized gain (loss) on foreign currency translation (3) [2]           (3)      
Reclassification adjustments for change in unrealized gains and losses included in net earnings (19) [3]           (19)      
Change in instrument-specific credit risk - market risk benefits 19 [4]           19      
Change in current discount rate — liability for future policy benefits 92 [5]           92      
Other comprehensive earnings (loss) associated with noncontrolling interests 11 [6]           11   (11)  
Stock-based compensation 16     16            
Dilution from share issuance by consolidated sub 1     1            
Dividends declared, per common share (131)         (131)        
Subsidiary dividends declared to non-controlling interests (11)               (11)  
Net earnings 343         306     37  
Ending balance (in shares) at Jun. 30, 2024     329              
Ending balance at Jun. 30, 2024 7,981   $ 0 5,942   5,536 (2,087) $ (2,131) 721  
Ending balance, Treasury stock (in shares) at Jun. 30, 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                    
Exercise of stock options $ 4     4            
Purchase of incremental share in consolidated subs and Subsidiary equity repurchases (10)     (7)         (3)  
Other comprehensive (loss) earnings- unrealized (loss) gain on investments and other financial instruments 405           405      
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates 8 [1]           8      
Other comprehensive earnings (loss) - unrealized gain (loss) on foreign currency translation 27 [2]           27      
Reclassification adjustments for change in unrealized gains and losses included in net earnings (58) [3]           (58)      
Change in instrument-specific credit risk - market risk benefits (5) [4]           (5)      
Change in current discount rate — liability for future policy benefits (132) [5]           (132)      
Other comprehensive earnings (loss) associated with noncontrolling interests (42) [6]     0     (42)   42  
Stock-based compensation 41     40         1  
Dilution from share issuance by consolidated sub 0     1         (1)  
Repurchases of treasury stock (186) $ 117     $ 8     $ (186)   $ 109
Repurchases of treasury stock (in shares)               4    
Dividends declared, per common share (272)         (272)        
Subsidiary equity repurchases (2)               (2)  
Subsidiary dividends declared to non-controlling interests (26)               (26)  
Net earnings 376         361     15  
Ending balance (in shares) at Jun. 30, 2025     331              
Ending balance at Jun. 30, 2025 $ 8,819   $ 0 6,022   6,071 (1,849) $ (2,338) 913  
Ending balance, Treasury stock (in shares) at Jun. 30, 2025 60             60    
Beginning balance (in shares) at Mar. 31, 2025     331              
Beginning balance at Mar. 31, 2025 $ 8,797   $ 0 6,008   5,928 (1,866) $ (2,177) 904  
Beginning balance, Treasury stock (in shares) at Mar. 31, 2025               57    
Increase (Decrease) in Stockholders' Equity                    
Purchase of incremental share in consolidated subs and Subsidiary equity repurchases (9)     (6)         (3)  
Other comprehensive (loss) earnings- unrealized (loss) gain on investments and other financial instruments 138           138      
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates [1] 0                  
Other comprehensive earnings (loss) - unrealized gain (loss) on foreign currency translation 21 [2]           21      
Reclassification adjustments for change in unrealized gains and losses included in net earnings (57) [3]           (57)      
Change in instrument-specific credit risk - market risk benefits (28) [4]           (28)      
Change in current discount rate — liability for future policy benefits (46) [5]           (46)      
Other comprehensive earnings (loss) associated with noncontrolling interests (11) [6]           (11)   11  
Stock-based compensation 20     19         1  
Dilution from share issuance by consolidated sub       1         (1)  
Repurchases of treasury stock (161)             $ (161)    
Repurchases of treasury stock (in shares)               3    
Dividends declared, per common share (135)         (135)        
Subsidiary dividends declared to non-controlling interests (14)               (14)  
Net earnings 293         278     15  
Ending balance (in shares) at Jun. 30, 2025     331              
Ending balance at Jun. 30, 2025 $ 8,819   $ 0 $ 6,022   $ 6,071 $ (1,849) $ (2,338) $ 913  
Ending balance, Treasury stock (in shares) at Jun. 30, 2025 60             60    
[1] Net of income tax expense of $1 million for the three months ended June 30, 2024, and $2 million and $5 million for the six months ended June 30, 2025 and 2024, respectively.
[2] Net of income tax expense (benefit) of $6 million and $(1) million for the three months ended June 30, 2025 and 2024, respectively, and $7 million and $(2) million for the six months ended June 30, 2025 and 2024, respectively.
[3] Net of income tax benefit of $16 million and $5 million for the three months ended June 30, 2025 and 2024, respectively, and $16 million and $1 million for the six months ended June 30, 2025 and 2024 respectively.
[4] Net of income tax (benefit) expense of $(8) million and $5 million for the three months ended June 30, 2025 and 2024, respectively, and $(2) million and $5 million for the six months ended June 30, 2025 and 2024, respectively.
[5] Net of income tax (benefit) expense of $(14) million and $25 million for the three months ended June 30, 2025 and 2024, respectively, and $(35) million and $49 million for the six months ended June 30, 2025 and 2024, respectively.
[6] Net of income tax (benefit) expense of $(3) million and $3 million for the three months ended June 30, 2025 and 2024, respectively, and $(11) million and $(2) million for the six months ended June 30, 2025 and 2024.