FGL Holdings (FG) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24,695571 1
Cash and cash equivalents969571 1
Short-term investments23,726   
Prepaid expense   0
Total current assets:24,695571 1
Noncurrent Assets
Intangible assets, net (including goodwill)1,9221,826  
Goodwill467467  
Intangible assets, net (excluding goodwill)1,4551,359  
Restricted cash and investments   691
Deferred income tax assets61
Total noncurrent assets:1,9831,826 691
Other undisclosed assets10,03628,548  
TOTAL ASSETS:36,71430,945 692
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:   0
Other undisclosed accounts payable and accrued liabilities   0
Due to related parties   0
Other undisclosed current liabilities   0
Total current liabilities:   1
Noncurrent Liabilities
Other undisclosed noncurrent liabilities   46
Total noncurrent liabilities:   46
Other undisclosed liabilities33,97130,055  
Total liabilities:33,97130,055 46
Temporary equity, carrying amount   641
Stockholders' equity
Stockholders' equity attributable to parent, including:2,743890 5
Treasury stock, value(69)(4)  
Additional paid in capital2,0311,998 5
Accumulated other comprehensive income (loss)481(937)  
Retained earnings (accumulated deficit)300(167) (0)
Other undisclosed stockholders' equity attributable to parent   0
Total stockholders' equity:2,743890 5
TOTAL LIABILITIES AND EQUITY:36,71430,945 692

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues2,113711  
Financial services revenue179  
Cost of revenue(1,057)(423)  
Policyholder benefits and claims incurred, net(1,057) 
Financial services costs(423)  
Gross profit:1,056288  
Operating expenses(456)(230)  
Operating income:60058  
Interest and debt expense(32)(29)  
Income from continuing operations before income taxes:56829  
Income tax expense(61)(16)  
Net income attributable to parent:50713  
Preferred stock dividends and other adjustments(31)(29)  
Net income (loss) available to common stockholders, diluted:476(16)  

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:50713  
Other comprehensive income (loss)1,418(1,016)  
Comprehensive income (loss), net of tax, attributable to parent:1,925(1,003)  

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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