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.

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Fidelity National Financial

JACKSONVILLE, Fla. , Aug. 8, 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 second quarter ended June 30, 2023.

FNF Reports Second Quarter 2023 Financial Results

DES MOINES, Iowa , Aug. 8, 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 second quarter ended June 30, 2023. Net earnings for the second quarter of $130 million, or $1.04 per diluted share (per share), compared to net earnings of $385 million, or $3.60 per share, for the second quarter 2022.

F&G Annuities & Life Reports Second Quarter 2023 Results

JACKSONVILLE, Fla. , Aug. 8, 2023 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) today announced that its Board of Directors has declared a quarterly cash dividend of $0.45 per share.

Fidelity National Financial, Inc. Announces Quarterly Cash Dividend of $0.45

DES MOINES, Iowa , Aug. 8, 2023 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG), a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, today announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share of common stock. The dividend will be payable September 29, 2023, to stockholders of record as of September 15, 2023.

F&G Annuities & Life Announces Quarterly Cash Dividend of $0.20

JACKSONVILLE, Fla. , July 25, 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 second quarter 2023 earnings after the close of regular market trading on Tuesday, August 8, 2023.

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

DES MOINES, Iowa , July 25, 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 second quarter 2023 earnings after the close of regular market trading on Tuesday, August 8, 2023. A webcast and conference call to discuss the results will follow at 9:00 a.m.

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

DES MOINES, Iowa , July 21, 2023 /PRNewswire/ -- Moody's Investors Service ("Moody's") announced it has upgraded the insurance financial strength (IFS) ratings of F&G Annuities & Life, Inc.'s (NYSE: FG) ("F&G" or the "Company") insurance subsidiaries to 'A3' from 'Baa1'.  Concurrently, Moody's has also upgraded the long-term issuer rating of F&G Annuities & Life, Inc. to 'Ba1' from 'Ba2'.

Moody's Upgrades Financial Strength Ratings of F&G Annuities & Life's Operating Companies to 'A3'

Brookfield Asset Management

Brookfield Reinsurance has agreed to pay a high price for AEL. It underscores the value of annuity business for alt managers. BAM will benefit by adding ~$51B of AEL investments to its AUM. However, the immediate effect of this acquisition is rather small compared with other factors. F&G will remain the only independent pure annuity provider and is likely to be acquired in about two years or so.

How To Benefit From Brookfield's Acquisition Of American Equity

Elevance Health Inc

HCA Healthcare

Lithia Motors

Brave Warrior Advisors, the firm led by Glenn Greenberg (Trades, Portfolio), disclosed in a regulatory 13F filing that its top trades during the first quarter included boosts to its holdings of Elevance Health Inc. ( ELV , Financial) and F&G Annuities & Life Inc. ( FG , Financial). The firm also reduced its positions in HCA Healthcare Inc. ( HCA , Financial), Fidelity National Financial Inc. ( FNF , Financial) and Lithia Motors Inc. ( LAD , Financial).

Top 5 Trades of Glenn Greenberg's Firm in the 1st Quarter

DES MOINES, Iowa , June 1, 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 announced the appointment of Celina J. Wang Doka as an independent member of F&G's Board of Directors, effective July 1, 2023.

F&G Annuities & Life Appoints Celina J. Wang Doka to Board of Directors

F&G Annuities & Life, Inc. (NYSE:FG ) Q1 2023 Results Conference Call May 4, 2023 9:00 AM ET Company participants Lisa Foxworthy-Parker - IR Chris Blunt - CEO Wendy Young - CFO Conference Call Participants A.J. Hayes - Stephens Mark Hughes - Truist Securities Operator Good morning, ladies and gentlemen, and thank you for standing by.

F&G Annuities & Life, Inc. (FG) Q1 2023 Earnings Call Transcript

JACKSONVILLE, Fla. , May 3, 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 first quarter ended March 31, 2023.

FNF Reports First Quarter 2023 Financial Results

DES MOINES, Iowa , May 3, 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 first quarter ended March 31, 2023. As of January 1, 2023, F&G has adopted Accounting Standard Update 2018-12, "Targeted Improvements to the Accounting for Long-Duration Contracts" (LDTI), as issued by the Financial Accounting Standards Board.

F&G Annuities & Life Reports First Quarter 2023 Results

JACKSONVILLE, Fla. , April 25, 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 first quarter 2023 earnings after the close of regular market trading on Wednesday, May 3, 2023.

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

DES MOINES, Iowa , April 25, 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 first quarter 2023 earnings after the close of regular market trading on Wednesday, May 3, 2023. A webcast and conference call to discuss the results will follow at 9:00 a.m.

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

F&G Annuities & Life: Likely Acquisition Target With Projected 30%+ Annual Return.

F&G Annuities & Life: Likely Acquisition Target With Projected 30%+ Annual Return

DES MOINES, Iowa , April 3, 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 announced the appointment of Douglas Martinez as an independent member of F&G's Board of Directors, effective immediately. Following this appointment, F&G's Board of Directors is now comprised of seven members, including three independent members.

F&G Annuities & Life Appoints Douglas Martinez to Board of Directors

Unisys

This agreement marks the third U.S. retiree buyout since 2021 and reflects continuation of efforts to reduce pension liabilities, volatility and cost while securing retiree pension benefits with highly-rated insurance companies BLUE BELL, Pa. , March 23, 2023 /PRNewswire/ -- Unisys Corporation (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 $265 million through which Unisys will transfer projected benefit obligations valued slightly less than this 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 a nearly $265 Million Annuity Contract

DES MOINES, Iowa , March 21, 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 announced that its Board of Directors has approved a new three-year stock repurchase program, effective March 21, 2023, under which the Company may repurchase up to $25 million of FG common stock. Purchases may be made from time to time by the Company in the open market at prevailing market prices or in privately negotiated transactions through March 21, 2026.

F&G Annuities & Life Announces New Three-Year, $25 Million Share Repurchase Program

F&G Annuities & Life, Inc. (FG) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Here's Why F&G Annuities & Life, Inc. (FG) is Poised for a Turnaround After Losing -25.48% in 4 Weeks

DES MOINES, Iowa , March 9, 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, today announced the promotions of two senior executives. Leena Punjabi, Chief Investment Officer, and Matt Christensen, Chief Operating Officer, have both been promoted to Executive Vice President.

F&G Annuities & Life Announces Executive Promotions

Fidelity National Financial spun out 15% of their stake in F&G Annuities on December 1st. F&G earnings crushed Q4 estimates, as this business is benefiting from higher interest rates.

F&G Annuities: Huge Insider Buying, Bargain Priced At 5.8x Earnings, 3.8% Yield

F&G Annuities & Life, Inc. (NYSE:FG ) Q4 2022 Results Conference Call February 23, 2023 9:00 AM ET Company Participants Lisa Foxworthy-Parker - IR Chris Blunt - CEO Wendy Young - CFO Conference Call Participants Andrew Kligerman - Credit Suisse A.J. Hayes - Stephens Mark Hughes - Truist Operator Greetings, and welcome to the F&G Annuities and Life Fourth Quarter and Full Year 2022 Earnings Conference Call [Operator Instructions].

F&G Annuities & Life, Inc. (FG) Q4 2022 Earnings Call Transcript

JACKSONVILLE, Fla. , Feb. 22, 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 fourth quarter and twelve months (full year) ended December 31, 2022.

FNF Reports Fourth Quarter and Full Year 2022 Financial Results

DES MOINES, Iowa , Feb. 22, 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 fourth quarter and twelve months (full year) ended December 31, 2022. Net loss for the fourth quarter of $100 million, or $0.80 per diluted share (per share) primarily due to unfavorable mark-to-market and related economic assumption review updates, compared to net earnings of $121 million, or $1.15 per share, for the fourth quarter of 2021.

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