F&G Q2 net earnings $130M ($1.04/sh), adjusted $79M ($0.63/sh) down YoY

F&G Annuities & Life, Inc.

2023-Q2 EPS reported -$0.52 revenue$2,037,000,000

Net earnings $130M ($1.04 diluted) vs $385M ($3.60) in Q2 2022; adjusted net earnings $79M ($0.63) vs $155M ($1.45).
Gross sales $3.0B (-3% YoY); net sales $2.2B (-12% YoY) reflecting higher flow reinsurance cession from 50% to 75%.
Record AUM of $46.3B (+15% YoY); debt-to-cap ratio 23% below 25% target.
Moody's upgraded F&G's primary operating companies' financial strength rating to 'A3' from 'Baa1' on July 21, 2023.
Quarterly dividend of $0.20/sh declared, payable Sept 29 to holders of record Sept 15; $16M in share repurchases in Q2.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

F&G Annuities & Life, Inc. reported the second quarter ended June 30, 2023 results: net income Net earnings for the second quarter of $130 million, or $1.04 per diluted share (per share), EPS $1.04 per diluted share.

Period: the second quarter ended June 30, 2023
Net income: Net earnings for the second quarter of $130 million, or $1.04 per diluted share (per share)
EPS: $1.04 per diluted share
Result: reported results

Exact text from the filing

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.

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F&G Annuities & Life, Inc. filing history →

Source: SEC EDGAR

accession 0001934850-23-000054

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