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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 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)     1              
Exercise of stock options 17     17            
Purchase of incremental share in consolidated subs and Subsidiary equity repurchases (21)     (12)         (9)  
Other comprehensive earnings - unrealized gain on investments and other financial instruments 913           913      
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates 23 [1]           23      
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 (4) [3]           (4)      
Change in instrument-specific credit risk - market risk benefits (5) [4]           (5)      
Change in current discount rate — liability for future policy benefits (110) [5]           (110)      
Other comprehensive earnings (loss) associated with noncontrolling interests (118) [6]     (1)     (118)   119  
Stock-based compensation 48     47         1  
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 (393)         (393)        
Noncontrolling interest associated with current period acquisitions 136                  
Subsidiary dividends declared to non-controlling interests (35)               (35)  
Net earnings 883         820     63  
Ending balance (in shares) at Sep. 30, 2024     330              
Ending balance at Sep. 30, 2024 8,902   $ 0 5,965   5,671 (1,423) $ (2,131) 820  
Ending balance, Treasury stock (in shares) at Sep. 30, 2024               56    
Beginning balance (in shares) at Jun. 30, 2024     329              
Beginning balance at Jun. 30, 2024 7,981   $ 0 5,942   5,536 (2,087) $ (2,131) 721  
Beginning balance, Treasury stock (in shares) at Jun. 30, 2024               56    
Increase (Decrease) in Stockholders' Equity                    
Exercise of stock options (in shares)     1              
Exercise of stock options 7     7            
Other comprehensive earnings - unrealized gain on investments and other financial instruments 1,082           1,082      
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates 5 [1]           5      
Other comprehensive earnings (loss) - unrealized gain (loss) on foreign currency translation 5 [2]           5      
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 (25) [4]           (25)      
Change in current discount rate — liability for future policy benefits (293) [5]           (293)      
Other comprehensive earnings (loss) associated with noncontrolling interests (112) [6]           (112)   112  
Stock-based compensation 14     15         (1)  
Dilution from share issuance by consolidated sub 1     1            
Dividends declared, per common share (131)         (131)        
Subsidiary dividends declared to non-controlling interests (17)               (17)  
Net earnings 271         266     5  
Ending balance (in shares) at Sep. 30, 2024     330              
Ending balance at Sep. 30, 2024 8,902   $ 0 5,965   5,671 (1,423) $ (2,131) 820  
Ending balance, Treasury stock (in shares) at Sep. 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 earnings - unrealized gain on investments and other financial instruments 847           847      
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates 8 [1]           8      
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 (46) [3]           (46)      
Change in instrument-specific credit risk - market risk benefits (31) [4]           (31)      
Change in current discount rate — liability for future policy benefits (260) [5]           (260)      
Other comprehensive earnings (loss) associated with noncontrolling interests (93) [6]           (93)   93  
Stock-based compensation 64     61         3  
Dilution from share issuance by consolidated sub 0     2         (2)  
Repurchases of treasury stock (in shares)               4    
Repurchases of treasury stock (224) $ 117     $ 8     $ (224)   $ 109
Dividends declared, per common share (408)         (408)        
Subsidiary equity repurchases (2)               (2)  
Subsidiary dividends declared to non-controlling interests (43)               (43)  
Net earnings 765         719     46  
Ending balance (in shares) at Sep. 30, 2025     331              
Ending balance at Sep. 30, 2025 $ 9,334   $ 0 6,044   6,293 (1,606) $ (2,376) 979  
Ending balance, Treasury stock (in shares) at Sep. 30, 2025 60             60    
Beginning balance (in shares) at Jun. 30, 2025     331              
Beginning balance at Jun. 30, 2025 $ 8,819   $ 0 6,022   6,071 (1,849) $ (2,338) 913  
Beginning balance, Treasury stock (in shares) at Jun. 30, 2025               60    
Increase (Decrease) in Stockholders' Equity                    
Other comprehensive earnings - unrealized gain on investments and other financial instruments 442           442      
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates [1] 0                  
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 (26) [4]           (26)      
Change in current discount rate — liability for future policy benefits (128) [5]           (128)      
Other comprehensive earnings (loss) associated with noncontrolling interests (52) [6]           (52)   52  
Stock-based compensation 23     22         1  
Dilution from share issuance by consolidated sub (1)               (1)  
Repurchases of treasury stock (38)             $ (38)    
Dividends declared, per common share (136)         (136)        
Subsidiary dividends declared to non-controlling interests (17)               (17)  
Net earnings 389         358     31  
Ending balance (in shares) at Sep. 30, 2025     331              
Ending balance at Sep. 30, 2025 $ 9,334   $ 0 $ 6,044   $ 6,293 $ (1,606) $ (2,376) $ 979  
Ending balance, Treasury stock (in shares) at Sep. 30, 2025 60             60    
[1] Net of income tax expense of $1 million for the three months ended September 30, 2024, and $2 million and $6 million for the nine months ended September 30, 2025 and 2024, respectively.
[2] Net of income tax (benefit) expense of $(2) million and $2 million for the three months ended September 30, 2025 and 2024, respectively, and $5 million for the nine months ended September 30, 2025.
[3] Net of income tax expense (benefit) of $3 million for the three months ended September 30, 2025, and $(13) million and $(1) million for the nine months ended September 30, 2025 and 2024, respectively.
[4] Net of income tax benefit of $6 million for the three months ended September 30, 2025 and 2024, and $8 million and $1 million for the nine months ended September 30, 2025 and 2024, respectively.
[5] Net of income tax benefit of $34 million and $78 million for the three months ended September 30, 2025 and 2024, respectively, and $69 million and $29 million for the nine months ended September 30, 2025 and 2024, respectively.
[6] Net of income tax benefit of $13 million and $28 million for the three months ended September 30, 2025 and 2024, respectively, and $24 million and $30 million for the nine months ended September 30, 2025 and 2024, respectively.