Finance of America Companies (FOA), which controls the outgoing brands Finance of America Reverse (FAR) and American Advisors Group (AAG), recorded a net loss under generally accepted accounting principles (GAAP) of $16 million in Q1 2024 and an adjusted net loss of $7 million for the quarter, according to a recently released earnings report.

Total revenues at the company dropped sharply from $276 million in Q4 2023 to $75 million in Q1 2024. Company leaders, however, expressed confidence in their strategic positioning following the completion of the corporate integration details ⇒

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