F&G swings to Q1 profit of $111M; AUM up 10% to $49.8B

F&G Annuities & Life, Inc.

2024-Q1 EPS reported $0.88 revenue$1,569,000,000

Net earnings of $111M ($0.88/diluted) vs net loss of $195M ($1.56) in Q1 2023; adjusted net earnings $108M ($0.86) vs $61M ($0.49).
Gross sales $3.5B, up 6% YoY; record AUM $49.8B (+10% YoY) and AUM before flow reinsurance $58.0B.
Adjusted return on assets improved to 0.87% from 0.55%; book value per common share excl AOCI $41.10 (up $0.68 in Q1).
Parent FNF invested $250M in F&G's mandatory convertible preferred stock in January 2024; common dividend $0.21 per share.

item 2.02 item 7.01 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 first quarter ended March 31, 2024 results: net income Net earnings attributable to common shareholders (net earnings) for the first quarter of $111 million, EPS $0.88 per diluted share.

Period: first quarter ended March 31, 2024
Net income: Net earnings attributable to common shareholders (net earnings) for the first quarter of $111 million
EPS: $0.88 per diluted share
Result: reported results

Exact text from the filing

F&G Annuities & Life, Inc. (the “Company” or “F&G”) issued an earnings release announcing its financial results for the first quarter ended March 31, 2024.

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

Source: SEC EDGAR

accession 0001934850-24-000023

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