FGL Holdings
Period
FY 2019
Revenue
$2.11B
Net Income
$507.00M
Total Assets
$36.71B
Equity
$2.74B
Shares Out
221.81M
Op. Cash Flow
$675.00M
Business
FGL Holdings is a former operating company in Life Insurance. Securities are no longer actively traded on a major U.S. exchange.
Auto-generated from company profile
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2019 2019-12-31 | FY 2018 2018-12-31 | FY 2017 2017-12-31 | FY 2017 2017-09-30 | FY 2016 2016-09-30 |
|---|---|---|---|---|---|---|
| Premiums | 40 | 54 | — | 42 | — | |
| Net investment income | 1,229 | 1,107 | — | 1,005 | — | |
| Net investment gains (losses) | 674 | −629 | — | 316 | — | |
| Insurance and investment product fees and other | 170 | 179 | — | 167 | — | |
| Total revenues | 2,113 | 711 | — | 1,530 | — | |
| Benefits and other changes in policy reserves | 1,057 | 423 | — | 843 | — | |
| Acquisition and operating expenses, net of deferrals | 330 | 181 | — | 137 | — | |
| Amortization of intangibles | 126 | 49 | — | 193 | — | |
| Total operating expenses | 1,513 | 653 | — | 1,173 | — | |
| Operating income | 600 | 58 | — | 357 | — | |
| Interest expense | −32 | −29 | — | −24 | — | |
| Income (loss) before income taxes | 568 | 29 | — | 333 | — | |
| Income tax (expense) benefit | −61 | −16 | — | −110 | — | |
| Net income (loss) | 507 | 13 | — | 223 | 97 | |
| Less Preferred stock dividend | 31 | 29 | — | 0 | 0 | |
| Net income (loss) available to common shareholders | 476 | −16 | — | 223 | — | |
| Basic (in USD per share) | 2.19 | −0.07 | −0.44 | 3.83 | 1.67 | |
| Diluted (in USD per share) | 2.19 | −0.07 | — | 3.83 | 1.66 | |
| Basic (in shares) | 217 | 216 | — | 58 | 58 | |
| Diluted (in shares) | 217 | 216 | — | 58 | 59 | |
| Cash dividend per common share (in dollars per share) | 0.04 | 0 | 0 | 0.26 | — | |
| Other-than-temporary impairments | −23 | −24 | — | −22 | — | |
| Gains (losses) on derivatives and embedded derivatives | 498 | −295 | — | 335 | — | |
| Other investment gains (losses) | 199 | −310 | — | 3 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2019 2019-12-31 | FY 2018 2018-12-31 | FY 2017 2017-12-31 | FY 2017 2017-11-30 | FY 2017 2017-09-30 |
|---|---|---|---|---|---|---|
| Fixed maturity securities, available-for-sale, at fair value (amortized cost: December 31, 2019 - $22,914; December 31, 2018 - $22,219) | 23,726 | 21,109 | — | — | — | |
| Equity securities, at fair value (cost: December 31, 2019 - $1,069; December 31, 2018 - $1,526) | 1,071 | 1,382 | 1,388 | — | — | |
| Derivative investments | 587 | 97 | 492 | — | — | |
| Mortgage loans | 1,267 | 667 | 548 | — | — | |
| Other invested assets | 1,303 | 662 | 188 | — | — | |
| Total investments | 27,954 | 23,917 | 23,604 | — | — | |
| Cash and cash equivalents | 969 | 571 | 1,215 | 924 | 885 | |
| Accrued investment income | 228 | 216 | 211 | — | — | |
| Funds withheld for reinsurance receivables, at fair value | 2,172 | 757 | 756 | — | — | |
| Reinsurance recoverable | 3,213 | 3,190 | 2,494 | — | — | |
| Intangibles, net | 1,455 | 1,359 | 853 | 22 | — | |
| Deferred tax assets, net | 61 | 343 | 182 | — | — | |
| Goodwill | 467 | 467 | 467 | 467 | — | |
| Other assets | 195 | 125 | 141 | — | — | |
| Total assets | 36,714 | 30,945 | 29,923 | — | — | |
| Contractholder funds | 25,684 | 23,387 | 21,827 | — | — | |
| Future policy benefits, including $1,953 and $725 at fair value at December 31, 2019 and December 31, 2018, respectively | 5,735 | 4,641 | 4,751 | — | — | |
| Funds withheld for reinsurance liabilities | 831 | 722 | 2 | — | — | |
| Liability for policy and contract claims | 71 | 64 | 78 | — | — | |
| Debt Instrument, Face Amount | 542 | 541 | — | — | — | |
| Other liabilities | 1,108 | 700 | 890 | — | — | |
| Total liabilities | 33,971 | 30,055 | 27,960 | — | — | |
| Preferred stock ($.0001 par value, 100,000,000 shares authorized, 429,789 and 399,033 shares issued and outstanding at December 31, 2019 and December 31, 2018, respectively) | 0 | 0 | 0 | — | — | |
| Common stock ($.0001 par value, 800,000,000 shares authorized, 221,807,598 and 221,660,974 issued and outstanding at December 31, 2019 and December 31, 2018, respectively | 0 | 0 | 0 | — | — | |
| Additional paid-in capital | 2,031 | 1,998 | 2,037 | — | — | |
| Retained earnings (Accumulated deficit) | 300 | −167 | −149 | — | — | |
| Accumulated other comprehensive income (loss) | 481 | −937 | 75 | — | — | |
| Treasury stock, at cost (8,652,400 shares at December 31, 2019; 600,000 shares at December 31, 2018) | −69 | −4 | 0 | — | 0 | |
| Total shareholders' equity | 2,743 | 890 | 1,963 | — | — | |
| Total liabilities and shareholders' equity | 36,714 | 30,945 | 29,923 | — | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2019 2019-12-31 | FY 2018 2018-12-31 | FY 2017 2017-09-30 | FY 2016 2016-09-30 |
|---|---|---|---|---|---|
| Stock based compensation | 5 | 4 | 6 | — | |
| Amortization | 39 | 43 | −42 | — | |
| Deferred income taxes | 41 | −30 | −4 | — | |
| Interest credited/index credits to contractholder account balances | 985 | 347 | 701 | — | |
| Net recognized losses (gains) on investments and derivatives | −682 | 629 | −305 | — | |
| Charges assessed to contractholders for mortality and administration | −124 | −136 | −131 | — | |
| Intangibles, net | −336 | −390 | −144 | — | |
| Reinsurance recoverable | 13 | 24 | −18 | — | |
| Future policy benefits reflected in net income (loss) | 1,079 | −110 | −55 | — | |
| Funds withheld for reinsurers | −1,220 | 679 | −105 | — | |
| Collateral (returned) posted | 387 | −291 | 158 | — | |
| Other assets and other liabilities | −19 | 117 | −47 | — | |
| Net cash provided by (used in) operating activities | 675 | 897 | 237 | — | |
| Proceeds from mortgage loans | 100 | 65 | 48 | — | |
| Costs of mortgage loans | −701 | −185 | 0 | — | |
| Capital expenditures | −11 | −7 | −4 | — | |
| Payment for Contingent Consideration Liability, Investing Activities | 0 | 57 | 0 | 0 | |
| Net cash provided by (used in) investing activities | −1,568 | −2,280 | −1,217 | — | |
| Treasury stock | −65 | −4 | −1 | — | |
| Payments of Debt Issuance Costs | 0 | −6 | 0 | — | |
| Proceeds from (Repayments of) Debt | 0 | 547 | 0 | — | |
| Retirement and paydown on debt and revolving credit facility | −27 | −440 | 0 | — | |
| Draw on revolving credit facility | 27 | 30 | 5 | — | |
| Common stock dividends paid | −9 | 0 | −15 | — | |
| Contractholder account deposits | 4,124 | 3,352 | 2,890 | — | |
| Contractholder account withdrawals | −2,759 | −2,674 | −1,878 | — | |
| Net cash provided by (used in) financing activities | 1,291 | 739 | 1,001 | — | |
| Change in cash & cash equivalents | 398 | −644 | 21 | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | 30 | — | 23 | — | |
| Income taxes (refunded) paid | −1 | 41 | 114 | — | |
| Deferred sales inducements | 130 | 138 | 20 | — |
Filings
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Frequently asked questions
What is FGL Holdings's CIK number?
FGL Holdings's SEC CIK number is 0001668428 (1668428). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find FGL Holdings's SEC filings?
All of FGL Holdings's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.