July 11, 2025

Conor Murphy
Chief Financial Officer
F&G Annuities & Life, Inc.
801 Grand Avenue
Des Moines, Iowa 50309

       Re: F&G Annuities & Life, Inc.
           Form 10-K for Fiscal Year Ended December 31, 2024
           Response dated July 7, 2025
           File No. 001-41490
Dear Conor Murphy :

       We have reviewed your July 7, 2025 response to our comment letter and
have the
following comments.

       Please respond to this letter within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe a
comment applies to your facts and circumstances, please tell us why in your
response.

       After reviewing your response to this letter, we may have additional
comments.
Unless we note otherwise, any references to prior comments are to comments in
our June 20,
2025 letter.

Response dated July 7, 2025
Non-GAAP Financial Measures, page 87

1.     We note your response to prior comment 1. Please explain to us in detail
what the
       MRB Discrete Asset method is and why it is an appropriate methodology to
amortize
       the deferred portion of the changes in fair value of market risk
benefits into adjusted
       net earnings.
2.     We note your response to prior comment 1. Please tell us how you
considered whether
       recognizing the deferred portion of the changes in fair value of market
risk benefits
       into adjusted net earnings through the MRB Discrete Asset amortization
method was
       more appropriate than recognizing the deferred portion through the
recognition of the
       MRB attributed fees when earned and the GMxB benefits when contractually
due
       through US GAAP earnings which appears to be similar to options A and B
discussed
       on page 5 of your response. Clarify why the second method detailed above
does not
 July 11, 2025
Page 2

       recognize the economic impact to the MRB in adjusted net earnings which
you appear
       to assert in your discussion of options A & B on page 5 of your
response.
       Please contact Michael Volley at 202-551-3437 or Amit Pande at
202-551-3423 if
you have questions.



                                                         Sincerely,

                                                         Division of
Corporation Finance
                                                         Office of Finance