F&G Annuities & Life Inc

F&G Annuities & Life, Inc. engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.

Earnings data Q4 2019

Earnings data Q1 2020

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

F&G Annuities & Life Inc (FG) reports record sales and launches new product, eyes future growth

F&G Annuities & Life Inc (FG) delivered impressive financial results in Q1 2023, with strong sales, asset growth, and strategic initiatives. While facing market challenges and inquiries from analysts, the company remains focused on enhancing shareholder value through dividends, share repurchases, and innovative product offerings.

F&G Annuities & Life Inc reports record sales, eyes diversified growth

F&G Annuities & Life Inc demonstrated solid performance with record gross sales and a focus on maintaining strong net sales.
Despite challenges in institutional sales, the company's strengths in portfolio quality and profitability are notable.
By leveraging opportunities in fee-based earnings and disciplined growth, F&G Annuities & Life Inc aims to create sustainable shareholder value.

F&G Annuities & Life Inc (FG) excels in Q3, anticipates strong growth ahead

F&G Annuities & Life Inc (FG) reported strong financial performance in Q3 2023, surpassing sales targets and demonstrating profitability.
The company's focus on new product launches, prudent investments, and shareholder value enhancement positions it well for future growth.
While challenges like market volatility persist, F&G's strategic initiatives and financial stability provide a solid foundation for success.

F&G Annuities & Life Inc reports record sales and strategic acquisitions

F&G Annuities & Life Inc had a strong financial performance in 2023, with robust sales and asset growth. The company's strategic acquisitions and focus on stability position it well for future growth and resilience in the face of market challenges.

FG reports record sales and asset growth, eyes sustained expansion

FG's Q1 performance reflects robust sales and record asset management figures, underpinned by strong financials and diversified investments.
While challenges like regulatory impacts persist, opportunities in capital generation and product expansion offer avenues for sustained growth.
Analyst inquiries into key operational aspects highlight a proactive approach to addressing market dynamics and ensuring long-term sustainability.

F&G Annuities & Life Inc posts stellar Q3 results, eyes growth

F&G Annuities & Life Inc delivered robust sales performance and financial growth in Q3 2024, driven by strong retail sales and AUM expansion.
The company showcased strength in its distribution strategy, fixed income yield, and pension risk transfer sales, positioning itself for continued success.
While facing challenges in market dynamics and capital allocation, F&G Annuities & Life Inc has opportunities to leverage its strengths for sustained growth and value creation.
By focusing on strategic initiatives and prudent risk management, the company aims to navigate challenges and seize opportunities for long-term prosperity.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

DES MOINES, Iowa , Feb. 15, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) today announced the amendment and extension of its existing senior unsecured revolving credit facility (the Credit Facility). The maturity date of the Credit Facility has been extended by approximately two years from November 22, 2025 to November 22, 2027.

F&G Annuities & Life Amends and Upsizes Its Senior Unsecured Revolving Credit Facility

Fidelity National Financial

JACKSONVILLE, Fla. , Feb. 15, 2024 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) today announced that its Board of Directors has declared a quarterly cash dividend of $0.48 per common share.

Fidelity National Financial, Inc. Announces Quarterly Cash Dividend of $0.48

Bank of America

New Interest Crediting Strategy, Hindsight 20/20 SM , Customizes Approach for Clients with its "Best of Performance" Approach DES MOINES, Iowa , Feb. 13, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G" or "Company"), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, has launched its first Registered Index-Linked Annuity (RILA), F&G Confidence BuilderSM. The Company's newest product addresses retirement challenges from volatility to inflation, seeking to find a balance between managing risk and long-term growth potential.

F&G Annuities & Life Launches Its First Registered Index-Linked Annuity, F&G Confidence Builder

JACKSONVILLE, Fla. , Feb. 7, 2024 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) ("FNF"), a leading provider of title insurance and transaction services to the real estate and mortgage industries, and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through its majority owned subsidiary F&G Annuities & Life, Inc. (NYSE: FG), will release fourth quarter and full year 2023 earnings after the close of regular market trading on Wednesday, February 21, 2024.

Fidelity National Financial Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

DES MOINES, Iowa , Feb. 7, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G"), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, will release fourth quarter and full year 2023 earnings after the close of regular market trading on Wednesday, February 21, 2024. A webcast and conference call to discuss the results will follow at 9:00 a.m.

F&G Annuities & Life Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

American Financial Group

American Financial Group Inc 6 1/4 % Debentures 2014-30.9.54 Subord

Apollo Global Management

Cigna

Legal & General Group PLC

Progressive

UnitedHealth Group

Trisura, Progressive, Cigna, UnitedHealth, Fidelity National, American Financial Group, Legal & General, and F&G Annuities & Life are highlighted as promising insurance picks with unique qualities.

My Top Insurance Picks In Early 2024

JACKSONVILLE, Fla. , Jan. 16, 2024 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) ("FNF" or the "Company") today announced the closing of a $250 million preferred stock investment in its majority owned subsidiary F&G Annuities & Life, Inc. ("F&G").

Fidelity National Financial, Inc. Announces Investment of $250 Million In Majority-Owned Subsidiary F&G

DES MOINES, Iowa , Jan. 16, 2024 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G or the Company") today announced the closing of a $250 million preferred stock investment from parent Fidelity National Financial, Inc. ("FNF").  F&G intends to use net proceeds from the investment to support the growth of its insurance company subsidiaries.

F&G Annuities & Life Announces $250 Million Investment From Fidelity National Financial

Belden

December saw no new preferred stock offerings but two new ETD offerings with dividend yields ranging from 7.95% to 8%. CDx3 preferreds, ranked 10 out of 10, are selling at an average discount to par of about 4% and offer an average current yield of 6.23%. Midcap Financial Investment Corporation and F&G Annuities & Life priced new exchange-traded notes with fixed coupons of 8% and 7.95%, respectively.

New Exchange-Traded Debt IPOs, December 2023

Here is how F&G Annuities & Life, Inc. (FG) and Kinsale Capital Group, Inc. (KNSL) have performed compared to their sector so far this year.

Is F&G Annuities & Life, Inc. (FG) Stock Outpacing Its Finance Peers This Year?

Majority of American Investors Continue to Be Risk Averse, Worried about Retirement Income and Feel Like Their Financial Safety Net Has Been Taken Away DES MOINES, Iowa , Dec. 5, 2023 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G"), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, noted that 85% of American investors1 are worried about inflation impacting their financial future, up from 79% in 2022, according to the Company's fourth annual Risk Tolerance Tracker. The heightened inflation fears come even as the CPI rate fell to 3.3% in October 2023 from 7.7% in October 2022.

F&G's Fourth Annual Risk Tolerance Tracker Finds Inflation May Be Easing, But Inflation Fears Aren't

JACKSONVILLE, Fla. , Dec. 4, 2023 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) (FNF or the Company), a leading provider of title insurance and transaction services to the real estate and mortgage industries, and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through its majority-owned subsidiary F&G Annuities & Life, Inc., announced today that Mike Nolan, Chief Executive Officer, and Tony Park, Chief Financial Officer, will participate in a virtual fireside chat hosted by Keefe, Bruyette & Woods (KBW) on Wednesday, December 6, 2023 at 9:30 a.m.

Fidelity National Financial to Participate in Virtual Fireside Chat Hosted by KBW

Unisys

This agreement marks the fourth U.S. retiree buyout since the beginning of 2021 and reflects a continuation of efforts to reduce pension liabilities, volatility and cost while securing retiree pension benefits with highly-rated insurance companies BLUE BELL, Pa. , Nov. 27, 2023 /PRNewswire/ -- Unisys (NYSE: UIS) today announced it has closed agreements with F&G Annuities & Life, Inc. (NYSE: FG) ("F&G") to purchase group annuity contracts totaling approximately $250 million through which Unisys will transfer projected benefit obligations valued at a similar amount related to certain retirees under one of the company's U.S. pension plans to F&G.

Unisys Transfers a Portion of its U.S. Defined Benefit Pension Obligations to F&G Through $250 Million of Group Annuity Contracts

Assurant

Autoliv

Lam Research

Scorpio Tankers

Investors may keep a tab on stocks like ALV, STNG, AIZ, LRCX and FG, which have lately hiked their dividend payments.

5 Stocks to Watch on Recent Dividend Hikes Amid Volatility

JACKSONVILLE, Fla. , Nov. 13, 2023 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) (FNF or the Company) today announced its intent to invest approximately $250 million in F&G Annuities & Life, Inc. (F&G).

Fidelity National Financial, Inc. Announces Intent to Invest Approximately $250 Million In Majority-Owned Subsidiary F&G

DES MOINES, Iowa , Nov. 13, 2023 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) (F&G or the Company) today announced its intent to enter into an agreement under which Fidelity National Financial, Inc. (FNF) will make an investment of approximately $250 million in F&G. FNF held approximately 85% ownership in F&G as of September 30, 2023.

F&G Annuities & Life Announces Intent of Investment for Approximately $250 Million From Fidelity National Financial

F&G Annuities & Life, Inc. (NYSE:FG ) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Chris Blunt - President & Chief Executive Officer Wendy Young - Chief Financial Officer Lisa Foxworthy Parker - IR Conference Call Participants John Campbell - Stephens Operator Greetings, and welcome to the F&G Annuities & Life's Third quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

F&G Annuities & Life, Inc. (FG) Q3 2023 Earnings Call Transcript

JACKSONVILLE, Fla. , Nov. 7, 2023 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) today announced that its Board of Directors has declared an increase in the Company's quarterly cash dividend of 7%, to $0.48 per common share, from the previous quarterly cash dividend of $0.45 per common share.

Fidelity National Financial, Inc. Announces 7% Increase in Quarterly Cash Dividend

DES MOINES, Iowa , Nov. 7, 2023 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) (the Company) today announced that its Board of Directors has increased the Company's share repurchase authorization by $25 million to an aggregate of $50 million.  From inception of the share repurchase program on March 21, 2023 to November 6, 2023, the Company has repurchased 868,930 shares of common stock for $18.3 million, at an average price of $21.07 per share.

F&G Annuities & Life Expands Share Repurchase Authorization by $25 Million

DES MOINES, Iowa , Nov. 7, 2023 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) today announced that its Board of Directors has declared an increase in the Company's quarterly cash dividend of 5%, to $0.21 per common share, from the previous quarterly cash dividend of $0.20 per common share.  The dividend will be payable December 29, 2023, to stockholders of record as of December 15, 2023.

F&G Annuities & Life Announces 5% Increase in Quarterly Cash Dividend

JACKSONVILLE, Fla. , Nov. 7, 2023 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE:FNF) ("FNF" or the "Company"), a leading provider of title insurance and transaction services to the real estate and mortgage industries and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through its majority-owned, publicly traded subsidiary F&G Annuities & Life, Inc. (NYSE:FG) ("F&G"), today reported financial results for the third quarter ended September 30, 2023.

FNF Reports Third Quarter 2023 Financial Results

DES MOINES, Iowa , Nov. 7, 2023 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) (F&G or the Company) a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, today reported financial results for the third quarter ended September 30, 2023. Net earnings for the third quarter of $306 million, or $2.45 per diluted share (per share), compared to net earnings of $187 million, or $1.50 per share, for the third quarter 2022.

F&G Annuities & Life Reports Third Quarter 2023 Results

JACKSONVILLE, Fla. , Oct. 24, 2023 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) ("FNF"), a leading provider of title insurance and transaction services to the real estate and mortgage industries, and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through its majority owned subsidiary F&G Annuities & Life, Inc. (NYSE: FG), will release third quarter 2023 earnings after the close of regular market trading on Tuesday, November 7, 2023.

Fidelity National Financial Announces Third Quarter 2023 Earnings Release and Conference Call

DES MOINES, Iowa , Oct. 24, 2023 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G"), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, will release third quarter 2023 earnings after the close of regular market trading on Tuesday, November 7, 2023. A webcast and conference call to discuss the results will follow at 9:00 a.m.

F&G Annuities & Life Announces Third Quarter 2023 Earnings Release and Conference Call

Company Moves up from #2 Ranking and Sweeps the Top Spot Across all Study Factors in 2023    DES MOINES, Iowa , Oct. 12, 2023 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G" or "Company"), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, is proud to announce the Company has been ranked the highest annuity provider for Customer Satisfaction in the J.D. Power 2023 U.S. Individual Annuity Study.

News for F&G Annuities & Life Inc Stock (FG)