earnings
confidence high
sentiment positive
materiality 0.80
F&G reports Q3 net earnings $306M ($2.45/diluted); adjusted EPS $0.96
F&G Annuities & Life, Inc.
2023-Q3 EPS reported
$1.93
revenue$2,888,000,000
- Net earnings $306M, $2.45/share vs $187M, $1.50 in Q3 2022; adjusted net earnings $120M, $0.96/share.
- Gross sales $2.8B (down 3% YoY); net sales $2.3B; record AUM $47.4B (+13% YoY).
- Book value ex AOCI $43.30/share, up 6% from prior quarter; debt-to-cap 22%.
- Flow reinsurance increased to 90% of MYGA sales in September; full-year sales guidance $12-13B reaffirmed.
- Returned $27M to shareholders in Q3 ($25M dividends, $2M buybacks); quarterly dividend $0.20/share.