FGL Holdings (FG) financial statements (2021 and earlier)

Company profile

Business Address 4TH FLOOR
GRAND CAYMAN, KY 1-1102
State of Incorp.
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

3/31/2020
Q3
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,91624,69524,89724,1341,357571959
Cash and cash equivalents7769699907721,357571944
Short-term investments21,14023,72623,90723,362  15
Total current assets:21,91624,69524,89724,1341,357571959
Noncurrent Assets
Intangible assets, net (including goodwill)2,4961,9221,8641,8881,8881,8261,672
Goodwill467467467467467467467
Intangible assets, net (excluding goodwill)2,0291,4551,3971,4211,4211,3591,205
Deferred income tax assets2646192150 
Total noncurrent assets:2,7601,9831,9562,0381,8881,8261,672
Other undisclosed assets10,06110,0369,2648,92629,20128,54828,329
TOTAL ASSETS:34,73736,71436,11735,09832,44630,94530,960
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities34,26533,97133,54232,83830,69530,05529,486
Total liabilities:34,26533,97133,54232,83830,69530,05529,486
Stockholders' equity
Stockholders' equity attributable to parent4722,7432,5752,2601,7518901,474
Treasury stock, value(69)(69)(52)(35)(34)(4) 
Additional paid in capital2,0412,0312,0222,0142,0071,9982,056
Accumulated other comprehensive income (loss)(1,428)481520251(216)(937)(569)
Retained earnings (accumulated deficit)(72)3008530(6)(167)(13)
Total stockholders' equity:4722,7432,5752,2601,7518901,474
TOTAL LIABILITIES AND EQUITY:34,73736,71436,11735,09832,44630,94530,960

Income statement (P&L) ($ in millions)

3/31/2020
Q3
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Revenues(335)563455495600(211)444
Cost of revenue (119)(331)(268)(339)52(297)
Policyholder benefits and claims incurred, net (119)(331)(268)   
Financial services costs(339)52(297)
Gross profit:(335)444124227261(159)147
Operating expenses(35)(163)(60)(160)(73)(32)(68)
Other undisclosed operating income41      
Operating income (loss):(329)2816467188(191)79
Interest and debt expense(8)(8)(8)(8)(8)(8)(8)
Income (loss) from continuing operations before income taxes:(337)2735659180(199)71
Income tax expense (benefit)(1)(48)9(13)(9)51(15)
Net income (loss) attributable to parent:(338)2256546171(148)56
Preferred stock dividends and other adjustments(8)(8)(7)(8)(8)(8)(7)
Net income (loss) available to common stockholders, diluted:(346)2175838163(156)49

Comprehensive Income ($ in millions)

3/31/2020
Q3
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Net income (loss):(338)2256546171(148)56
Other comprehensive income (loss)(1,909)(39)269467721(368)34
Comprehensive income (loss), net of tax, attributable to parent:(2,247)186334513892(516)90

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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