Company: FOACW
Filing Date: 2025-05-23
Form Type: 10-Q/A
Source: 0001828937-25-000044
Chunk: 78

Company: Finance of America Companies Inc.
Filing Date: 2025-05-23
Form: 10-Q/A
Chunk 78
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| General and administrative expenses            |     |   |                                         2,791 |     |   |                                         4,205 |     |   |                                       10,307 |     |   |                                       11,028 |
| Total expenses                                 |     | $ |                                        18,388 |     | $ |                                        21,490 |     | $ |                                       60,903 |     | $ |                                       68,407 |

For the three months ended September 30, 2024 versus the three months ended September 30, 2023

Total expenses decreased $3.1 million or 14.4% as a result of the following:

• Salaries, benefits, and related expenses decreased $2.1 million or 41.0% primarily due to a decrease in average headcount and continued cost-cutting measures associated with the restructuring of the business during the three months ended September 30, 2024 compared to the 2023 period. Average headcount was 57 for the three months ended September 30, 2024 compared to 71 for the 2023 period.

• General and administrative expenses decreased $1.4 million for the three months ended September 30, 2024 compared to the 2023 period primarily due to continued cost-cutting measures associated with the restructuring of the business.

For the nine months ended September 30, 2024 versus the nine months ended September 30, 2023

Total expenses decreased $7.5 million or 11.0% as a result of the following:

• Salaries, benefits, and related expenses decreased $6.8 million primarily due to a decrease in average headcount and continued cost-cutting measures associated with the restructuring of the business during the nine months ended September 30, 2024 compared to the 2023 period. Average headcount was 64 for the nine months ended September 30, 2024 compared to 74 for the 2023 period.

#### 77

#### Corporate and Other
Corporate and Other consists of our corporate services groups. These groups support our operating segments, and the cost of services directly supporting the operating segments are allocated to those operating segments on a cost-of-service basis. Enterprise-focused Corporate and Other expenses that are not incurred in direct support of the operating segments are kept unallocated within Corporate and Other.

The following table summarizes Corporate and Other results (in thousands):

|                                   |     |   | For the three months ended September 30,