F&G Annuities & Life, Inc. (FG) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.676 Good morning, and welcome to F&G's first quarter 2025 earnings call. 00:00:04.676 -- 00:00:08.379 During today's presentation, all callers will be placed in a listen-only mode. 00:00:08.379 -- 00:00:11.803 Following management's prepared remarks, the conference will be open for questions with 00:00:11.803 -- 00:00:16.768 instructions to follow at that time. I'd like to turn the call over to Lisa Foxworthy-Parker, 00:00:16.768 -- 00:00:19.791 Senior Vice President of Investor and External Relations. 00:00:19.791 -- 00:00:22.672 Thank you. You may begin. 00:00:23.955 -- 00:00:28.501 Thanks, Operator, and welcome, everyone. I'm joined today by Chris Blunt, Chief Executive 00:00:28.501 -- 00:00:31.644 Officer, and Connor Murphy, Chief Financial Officer. 00:00:31.644 -- 00:00:36.230 Also, Wendy Young, Chief Liability Officer, will be available for Q&A. 00:00:36.230 -- 00:00:40.835 Before we get started, I wanted to note that we have recast prior period financial results 00:00:40.835 -- 00:00:46.382 during the quarter. We have removed CLO redemption and bond prepay income from our significant 00:00:46.382 -- 00:00:52.069 items and have updated definitions for the cost of funds and flow reinsurance fee income 00:00:52.069 -- 00:00:55.092 within our A&E Management View Income Statement. 00:00:55.092 -- 00:01:00.287 Importantly, Historical reported net earnings and adjusted net earnings, or A&E, have 00:01:00.287 -- 00:01:05.534 not changed. The recast financial results are available in our quarterly financial supplement 00:01:05.534 -- 00:01:10.761 and earnings release, as well as our spring 2025 investor presentation. 00:01:10.761 -- 00:01:15.427 Also, starting this quarter, we are presenting our financial results on an as-reported 00:01:...