F&G Annuities & Life (F&G Annuities & Life) Long-Term Capital Lease Obligation : $11 Mil (As of Mar. 2024)

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What is F&G Annuities & Life Long-Term Capital Lease Obligation?

F&G Annuities & Life's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $11 Mil.

F&G Annuities & Life's quarterly Long-Term Capital Lease Obligation declined from Sep. 2023 ($12 Mil) to Dec. 2023 ($11 Mil) but then stayed the same from Dec. 2023 ($11 Mil) to Mar. 2024 ($11 Mil).

F&G Annuities & Life's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($14 Mil) to Dec. 2022 ($13 Mil) and declined from Dec. 2022 ($13 Mil) to Dec. 2023 ($11 Mil).

F&G Annuities & Life Long-Term Capital Lease Obligation Historical Data

The historical data trend for F&G Annuities & Life's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

F&G Annuities & Life Long-Term Capital Lease Obligation Chart

F&G Annuities & Life Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

14.00

13.00

11.00

F&G Annuities & Life Quarterly Data
	Dec19	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial							13.00	12.00	12.00	11.00	11.00

F&G Annuities & Life (NYSE:FG) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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F&G Annuities & Life (F&G Annuities & Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » F&G Annuities & Life Inc (NYSE:FG) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Grand Avenue, Suite 2600, Des Moines, IA, USA, 50309

Website

https://www.fglife.com

F&G Annuities & Life Inc is a provider of insurance solutions serving retail annuity and life customers as well as institutional clients. Through its insurance subsidiaries, including FGL Insurance and Fidelity & Guaranty Life Insurance Company of New York it markets a broad portfolio of deferred annuities (fixed indexed annuities (FIAs) and multi-year guarantee annuities (MYGAs) or other fixed rate annuities), immediate annuities, indexed universal life (IUL) insurance, funding agreements (through funding agreement-backed notes (FABN) issuances and the Federal Home Loan Bank of Atlanta (FHLB)) and pension risk transfer (PRT) solutions.

Executives

Christopher O Blunt	officer: President & CEO	801 GRAND AVENUE, SUITE 2600, DES MOINES IA 50309
Doka Celina J. Wang	director	801 GRAND AVENUE, SUITE 2600, DES MOINES IA 50309
Douglas K Ammerman	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Douglas Martinez	director	801 GRAND AVENUE, SUITE 2600, DES MOINES IA 50309
Currier John David Jr.	officer: President, Retail Markets	601 LOCUST STREET, 14TH FLOOR, DES MOINES IA 50309
Scott D. Cochran	officer: President, Inst. & New Markets	1370 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Young Wendy J.b.	officer: CFO	TWO RUAN CENTER, 601 LOCUST STREET, 14TH FLOOR, DES MOINES IA 50309
Leena Punjabi	officer: Chief Investment Officer	1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 18934
David Edward Martin	officer: CRO	1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 18934
Foley William P Ii	director, officer: Exec Chairman of the Board	FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Fidelity National Financial, Inc.	10 percent owner	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
John D Rood	director	3020 HARTLEY ROAD SUITE 300, JACKSONVILLE FL 32257
Raymond R Quirk	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Michael Joseph Nolan	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204