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Assets by Segment
Details the size and composition of assets held in each segment—loan portfolios, insurance reserves, investments—indicating where the company’s capital is tied up and what credit or interest-rate risks it faces. Rapid asset growth can signal future revenue potential but also raises the importance of asset quality and underwriting standards.
The company has shifted from holding large on‑balance sheet mortgage and reverse portfolios to an asset‑light, securitization‑driven model—Portfolio Management, Mortgage and Reverse Originations drop to zero from 2023 while Retirement Solutions stays modestly steady. Q3‑25’s near‑$2B proprietary securitization and rising funded volumes explain the declining asset base and improved adjusted earnings/liquidity, but also expose GAAP volatility from residual fair‑value swings (the recent GAAP loss). In short: lower balance‑sheet risk and stronger adjusted cash metrics, with greater dependence on securitization markets and fair‑value sensitivity.
FOA Assets by Segment
| Date | Corporate & Other | Retirement Solutions | Portfolio Management | Eliminations | Mortgage Originations | Reverse Originations | Commercial Originations | Lender Services |
|---|---|---|---|---|---|---|---|---|
| Jun 30, 2026 | $112.59M | $162.01M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Mar 31, 2026 | $106.36M | $170.09M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Dec 31, 2025 | -$1.08B | $214.60M | $0.00 | -$1.02B | $0.00 | $0.00 | $0.00 | $0.00 |
| Sep 30, 2025 | $1.11B | $264.15M | $0.00 | -$1.08B | $0.00 | $0.00 | $0.00 | $0.00 |
| Jun 30, 2025 | $1.30B | $269.42M | $0.00 | -$1.34B | $0.00 | $0.00 | $0.00 | $0.00 |
| Mar 31, 2025 | $1.40B | $288.56M | $0.00 | -$1.40B | $0.00 | $0.00 | $0.00 | $0.00 |
| Dec 31, 2024 | $1.34B | $250.52M | $0.00 | -$1.32B | $0.00 | $0.00 | $0.00 | $0.00 |
| Sep 30, 2024 | $1.40B | $288.56M | $0.00 | -$1.40B | $0.00 | $0.00 | $0.00 | $0.00 |
| Jun 30, 2024 | $1.44B | $282.52M | $0.00 | -$1.41B | $0.00 | $0.00 | $0.00 | $0.00 |
| Mar 31, 2024 | $1.46B | $268.79M | $0.00 | -$1.41B | $0.00 | $0.00 | $0.00 | $0.00 |
| Dec 31, 2023 | $1.52B | $276.61M | $0.00 | -$1.47B | $0.00 | $0.00 | $0.00 | $0.00 |
| Sep 30, 2023 | $1.51B | $309.53M | $0.00 | -$1.45B | $0.00 | $0.00 | $0.00 | $0.00 |
| Jun 30, 2023 | $1.25B | $332.52M | $0.00 | -$1.22B | $0.00 | $0.00 | $0.00 | $0.00 |
| Mar 31, 2023 | $1.91B | $296.42M | $0.00 | -$1.86B | $0.00 | $0.00 | $0.00 | $0.00 |
| Dec 31, 2022 | $1.60B | $0.00 | $20.19B | -$1.53B | $173.44M | $294.90M | $15.25M | $140.95M |
| Sep 30, 2022 | $1.58B | $0.00 | $19.87B | -$1.56B | $724.10M | $354.01M | $16.45M | $203.16M |
| Jun 30, 2022 | $1.74B | $0.00 | $19.88B | -$1.73B | $1.19B | $415.68M | $28.67M | $212.57M |
| Mar 31, 2022 | $1.76B | $0.00 | $19.63B | -$1.73B | $1.76B | $416.13M | $26.75M | $224.67M |
