F&G Annuities & Life Announces New Three-Year $100 Million Share Repurchase Program

Rhea-AI Summary

F&G Annuities & Life (NYSE: FG) announced a new three-year stock repurchase program authorizing up to $100 million of common stock repurchases, effective March 16, 2026 through March 31, 2029. Purchases may occur in the open market or via privately negotiated transactions.

The company noted an existing $50 million authorization with approximately $32 million available as of March 13, 2026, scheduled to expire on November 6, 2026. Management highlighted record AUM before flow reinsurance, strong sales, and a transition toward more fee-based, higher-margin business.

Positive

• $100 million three-year share repurchase authorized through 3/31/2029
• Repurchases permitted in open market or privately negotiated transactions
• Approximately $32 million remained under prior $50 million authorization (3/13/2026)

Negative

• None.

Key Figures

New repurchase authorization: $100 million Program duration: Three years Existing authorization: $50 million +3 more

6 metrics

New repurchase authorization $100 million Three-year F&G common stock repurchase program starting March 16, 2026

Program duration Three years Repurchases permitted through March 31, 2029

Existing authorization $50 million Total capacity under prior F&G stock repurchase authorization

Remaining under existing plan $32 million Repurchase capacity available as of March 13, 2026

Existing plan expiry November 6, 2026 Scheduled expiration of prior repurchase authorization

New plan end date March 31, 2029 End of window for new three-year buyback program

Market Reality Check

Price: $22.15 Vol: Volume 510,592 vs 20-day ...

normal vol

$22.15 Last Close

Volume Volume 510,592 vs 20-day average 609,212, indicating activity slightly below typical levels despite a 5.54% move. normal

Technical Shares at $20.94, trading below the 200-day MA of $30.73 and near the 52-week low of $20.57.

Peers on Argus

FG gained 5.54% while key life-insurance peers were mostly down: GNW -0.87%, JXN...

FG gained 5.54% while key life-insurance peers were mostly down: GNW -0.87%, JXN -0.68%, CNO -1.24%, LNC -1.33%, with only BHF slightly positive at 0.18%, pointing to a stock-specific reaction.

Previous Buybacks Reports

1 past event · Latest: Aug 01 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Aug 01	Share repurchase plan	Positive	-5.8%	FNF approved three-year program to repurchase up to 25M common shares.

Pattern Detected

Prior buyback-tagged news within the broader corporate group (FNF) saw a negative -5.75% reaction, suggesting share repurchase headlines have not consistently driven positive moves historically.

Recent Company History

Within buyback-related headlines tied to this corporate family, the notable prior event was Fidelity National Financial’s three-year repurchase program on Aug 1, 2024. That authorization for up to 25 million shares coincided with a -5.75% next-day move. Compared with that history, F&G’s newly announced $100 million three-year repurchase capacity contrasts with the earlier negative reaction to similar capital return themes.

Historical Comparison

-5.8% avg move · Past buyback-tag events averaged a -5.75% move, whereas today’s buyback announcement coincided with ...

buybacks

-5.8%

Average Historical Move buybacks

Past buyback-tag events averaged a -5.75% move, whereas today’s buyback announcement coincided with a +5.54% gain, marking a notably different reaction.

The buyback narrative progressed from FNF’s three-year share repurchase framework to F&G establishing its own multi-year authorization focused on its common stock.

Market Pulse Summary

This announcement introduced a new three-year, $100 million share repurchase program alongside an ex...

Analysis

This announcement introduced a new three-year, $100 million share repurchase program alongside an existing authorization with $32 million remaining. The move followed recent insider purchases and came as the stock traded below its 200-day moving average and near its 52-week low. Investors may watch actual buyback execution, earnings trends, and capital strength metrics to gauge how effectively this authorization supports shareholder value over time.

Key Terms

stock repurchase program, open market, privately negotiated transactions, flow reinsurance, +1 more

5 terms

stock repurchase program financial

"approved a new three-year stock repurchase program, effective March 16, 2026"

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

open market financial

"Purchases may be made from time to time by the Company in the open market"

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

privately negotiated transactions financial

"or in privately negotiated transactions through March 31, 2029."

Privately negotiated transactions are deals made directly between parties without involving a public marketplace or open auction. They are like private sales between two individuals rather than items sold at a busy marketplace open to everyone. For investors, these transactions can offer more tailored terms and privacy, but they may also carry different risks and less transparency compared to public exchanges.

flow reinsurance technical

"record AUM before flow reinsurance, strong sales, excellent investment performance"

Flow reinsurance is an ongoing arrangement where an insurer automatically transfers a portion of newly written policies or the premiums from new business to a reinsurer as they are issued. It matters to investors because it changes how much risk and potential profit the insurer keeps, helping smooth earnings, reduce capital needs, and influence growth — like sending part of every sale to a partner who agrees to share future losses and gains.

AUM financial

"we achieved record AUM before flow reinsurance, strong sales"

Assets under management (AUM) is the total market value of investments that a financial firm or fund manages on behalf of clients. Investors watch AUM like the size of a shop: larger AUM can mean more fee revenue, greater market influence and perceived stability, while rapid changes in AUM signal growing popularity or redemptions that may affect future earnings and investment strategy.

AI-generated analysis. Not financial advice.

DES MOINES, Iowa, March 16, 2026 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) (F&G or the Company) a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, today announced that its Board of Directors has approved a new three-year stock repurchase program, effective March 16, 2026, under which the Company may repurchase up to $100 million of F&G common stock.  Purchases may be made from time to time by the Company in the open market at prevailing market prices or in privately negotiated transactions through March 31, 2029.

The Company's existing stock repurchase authorization permits aggregate repurchases of up to $50 million, of which approximately $32 million remains available as of March 13, 2026, and that authorization is scheduled to expire on November 6, 2026.

Chris Blunt, F&G's Chief Executive Officer, commented, "Our financial results clearly demonstrate the strength and flexibility of our business model where we achieved record AUM before flow reinsurance, strong sales, excellent investment performance and maintained a solid financial and capital position this past year. Our high quality, diversified portfolio continues to perform exceptionally well, with credit impairments remaining stable and below our internal expectations. We are also in an advantageous position as we continue to transition our business to be more fee-based, higher margin and less capital intensive which we believe will create a more valuable company.  While we are executing well, the market has been slow to recognize the strength of our business and the momentum that we are generating."

About F&G

F&G Annuities and Life, Inc. is committed to helping Americans turn their aspirations into reality. F&G is a leading provider of insurance solutions serving retail annuity and life customers and institutional clients and is headquartered in Des Moines, Iowa. For more information, please visit www.fglife.com.   

Forward-Looking Statements and Risk Factors

This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties, many of which are beyond our control. Some of the forward-looking statements can be identified by the use of terms such as "believes", "expects", "may", "will", "could", "seeks", "intends", "plans", "estimates", "anticipates" or other comparable terms. Statements that are not historical facts, including statements regarding our expectations, hopes, intentions or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: general economic conditions and other factors, including prevailing interest and unemployment rate levels and stock and credit market performance; consumer spending; government spending; the volatility and strength of the capital markets; investor and consumer confidence; foreign currency exchange rates; commodity prices; inflation levels; changes in trade policy; tariffs and trade sanctions on goods; trade wars; supply chain disruptions; natural disasters, public health crises, international tensions and conflicts, geopolitical events, terrorist acts, labor strikes, political crisis, accidents and other events; concentration in certain states for distribution of our products; the impact of interest rate fluctuations; equity market volatility or disruption; the impact of credit risk of our counterparties; changes in our assumptions and estimates regarding amortization of our deferred acquisition costs, deferred sales inducements and value of business acquired balances; regulatory changes or actions, including those relating to regulation of financial services affecting (among other things) underwriting of insurance products and regulation of the sale, underwriting and pricing of products and minimum capitalization and statutory reserve requirements for insurance companies, or the ability of our insurance subsidiaries to make cash distributions to us; and other factors discussed in "Risk Factors" and other sections of F&G's Form 10-K and other filings with the Securities and Exchange Commission (SEC).

Contact:
Lisa Foxworthy-Parker
SVP of Investor & External Relations
Investor.relations@fglife.com
515.330.3307

View original content:https://www.prnewswire.com/news-releases/fg-annuities--life-announces-new-three-year-100-million-share-repurchase-program-302715007.html

SOURCE F&G Annuities & Life, Inc.

FAQ

What does F&G (FG) announce about the new $100 million repurchase program on March 16, 2026?

F&G approved a three-year repurchase program authorizing up to $100 million of common stock effective March 16, 2026. According to the company, purchases may occur in the open market or in privately negotiated transactions through March 31, 2029.

How does the new FG repurchase program interact with the existing $50 million authorization?

The company said the prior authorization allowed up to $50 million, with about $32 million remaining as of March 13, 2026. The new program supplements prior capacity and runs through March 31, 2029.

When can F&G (FG) execute repurchases under the March 16, 2026 authorization?

Repurchases may be executed from time to time after March 16, 2026 and continue through March 31, 2029. According to the company, purchases can be made in the open market or via privately negotiated transactions.

What reasons did F&G management give for the $100 million buyback authorization (FG)?

Management cited record AUM before flow reinsurance, strong sales, and solid capital position as supporting factors. According to the company, it is transitioning to a more fee-based, higher-margin, less capital-intensive business model.

How might the FG repurchase timeline affect shareholders compared to the prior authorization expiring November 6, 2026?

The new three-year program extends repurchase flexibility beyond the prior authorization, which expires November 6, 2026. According to the company, this provides a longer window for repurchases through March 31, 2029.