Private & Confidential
Reconciliation of Adjusted Operating Income of Fidelity & Guaranty Life to
U.S. GAAP Net (Loss) Income (Unaudited)
17
RECONCILIATION OF ADJUSTED OPERATING INCOME OF FIDELITY & GUARANTY LIFE TO U.S. GAAP NET (LOSS) INCOME (UNAUDITED)
($ in Millions) 2016 2015
Reported net income - Fidelity & Guaranty Life 10$ 86$
Effect of investment (gains) losses, net of offsets 5 (35)
Effect of change in FIA embedded derivative discount rate, net of offsets 28 (33)
Effect of change in fair value of reinsurance related embedded derivative, net of offsets 26 (25)
Tax impact of adjusting items (21) 32
Adjusted operating Income - Fidelity & Guaranty Life 48$ 25$
Fiscal Quarter (a)
a. For the three months ended June 30, 2016.
