F&G Annuities approves $100 million share buyback program

F&G Annuities & Life Inc. (NYSE: FG) announced that its board of directors approved a new three-year stock repurchase program allowing the company to buy back up to $100 million of its common stock.

The program, effective March 16, 2026, permits purchases through March 31, 2029, in open market transactions at prevailing market prices or through privately negotiated deals.

The Des Moines-based insurance company maintains an existing stock repurchase authorization of up to $50 million, with approximately $32 million remaining available as of March 13, 2026. That authorization expires November 6, 2026.

"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," said Chris Blunt, F&G's chief executive officer.

Blunt noted the company's transition toward a more fee-based, higher margin and less capital intensive business model. He said the market has been slow to recognize the company's business strength and momentum.

F&G provides insurance solutions to retail annuity and life customers as well as institutional clients. The company reported that its diversified portfolio continues to perform well, with credit impairments remaining stable and below internal expectations.

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