We delivered a strong finish to an outstanding year through disciplined growth and the proven ability and flexibility of our business model as we transitioned to be more fee-based, higher margin, and less capital intensive. And we've remained focused on creating long-term shareholder value. We are executing on our strategy and made further progress toward our 2023 investor day targets as we achieved record AUM before flow reinsurance fueled by one of our best years of sales. Excellent performance in our high quality diversified investment portfolio, strong performance across our business balanced with diligent expense management and a healthy financial and capital position.

Feb 20, 2026 / receipt, needs a key / Chris Blunt, CEO | earnings call 2026-02-20 | transcript 4765e983-0e48-4e48-aeb0-705d04e567bf | chars 1701-2383 | segment 1

Adjusted return on assets excluding significant items expanded to 130 basis points in the second quarter, primarily driven by investment margin disciplined expense management, and accretive flow reinsurance, as well as enhanced earnings power from owned distribution.

Aug 6, 2024 / receipt, needs a key / Chris Lunt, CEO | earnings call 2024-08-06 | transcript 2f879172-f012-4e03-abab-d8e1ffd8e4a3 | chars 3159-3426 | segment 3

This increase reflects asset growth, margin diversification from accretive flow reinsurance and owned distribution, disciplined expense management, and higher interest expense as a result of planned capital market activity.

Aug 6, 2024 / receipt, needs a key / Wendy Young, CFO | earnings call 2024-08-06 | transcript 2f879172-f012-4e03-abab-d8e1ffd8e4a3 | chars 13961-14184 | segment 14

Additionally, Michael Bailey joined the Company as Executive Vice President, Chief Financial Officer effective August 3, 2026, and Mark Wiltse, F&G’s Chief Accounting Officer, served as Interim Chief Financial Officer until August 3, 2026.

filing / Aug 6, 2026 / receipt

Additionally, Michael Bailey joined the Company as Executive Vice President, Chief Financial Officer effective August 3, 2026, and Mark Wiltse, F&G’s Chief Accounting Officer, served as Interim Chief Financial Officer until August 3, 2026.

filing / Aug 6, 2026 / receipt

At the time of the FNF merger, we committed to doubling assets to $50B over five years through organic growth

ir_statement / Sep 15, 2026 / receipt

we benefited from immediate financial strength ratings upgrades which positioned us to quickly expand in our existing channels and enter into new markets

ir_statement / Sep 15, 2026 / receipt

We have invested an incremental $100M in technology to fuel our growth

ir_statement / Sep 15, 2026 / receipt

As we continue to scale, we expect margins will expand over time due to significant investments in technology and other operating platforms in the last three years

ir_statement / Sep 15, 2026 / receipt

Achieved 10 bps reduction in operating expense ratio1; 50 bps in 2025 vs. 60 bps in 2024

ir_statement / Sep 15, 2026 / receipt

operating expense discipline driving scale benefit

ir_statement / Sep 15, 2026 / receipt

In early 2025, completed common stock offering with net proceeds of $269M to support future growth and liquidity; net debt issued and redeemed of $75M

ir_statement / Sep 15, 2026 / receipt

Achieved cumulative 13 bps reduction in operating expense ratio1; 47 bps at QE 2Q26 vs. 60 bps at YE 2024

ir_statement / Sep 15, 2026 / receipt

operating expense discipline driving scale benefit

ir_statement / Sep 15, 2026 / receipt

We continue to invest for scalability, efficiency and flexibility

ir_statement / Sep 15, 2026 / receipt