Earnings Per Share

9 Months Ended

Sep. 30, 2026

The following table sets forth the computation of basic and diluted EPS (dollars and shares in millions except per share data):


	Three months ended September 30,				Nine months ended September 30,
	2026		2025		2026		2025




Net earnings	$	741	$	120	$	915	$	141


Less: Non-controlling interests	1		2		3		4
Net earnings attributable to F&G	740		118		912		137
Less: Preferred stock dividend	4		4		13		13
Net earnings attributable to F&G common shareholders	$	736	$	114	$	899	$	124

Weighted-average common shares outstanding - basic	129		133		131		131
Dilutive effect of unvested restricted stock	1		1		—		1
Dilutive effect of mandatory convertible preferred stock	5		5		6		—

Weighted-average shares outstanding - diluted	135		139		137		132

Net earnings attributable to F&G common shareholders per common share


Basic - net	$	5.71	$	0.86	$	6.86	$	0.95



Diluted - net	$	5.48	$	0.85	$	6.66	$	0.94

Under applicable accounting guidance, shares that are anti-dilutive to the calculation are to be excluded from the diluted earnings per share calculation. The inclusion of 5 million convertible preferred shares would have been antidilutive to the earnings per share for the nine months ended September 30, 2025.

Unless converted earlier in accordance with the terms of certificate of designations, each share of the FNF Preferred Stock will automatically convert on the mandatory conversion date, which is expected to be January 15, 2027, into between 0.9456 shares and 1.1111 shares of common stock, in each case, subject to customary anti-dilution adjustments described in the certificate of designations.