earnings
confidence high
sentiment positive
materiality 0.80
F&G Q2 net earnings $198M, adjusted EPS $1.10; gross sales up 47% to $4.4B
F&G Annuities & Life, Inc.
2024-Q2 EPS reported
$2.45
revenue$2,741,000,000
- Net earnings $198M ($1.55 diluted EPS) vs $130M ($1.04) in Q2 2023; adjusted net earnings $139M ($1.10) vs $79M ($0.63).
- Record gross sales $4.4B, +47% YoY; retail channel sales $3.2B (+39%), institutional sales $1.2B.
- AUM $52.2B, +13% YoY; AUM before flow reinsurance $61.4B (+21% YoY).
- Book value per share ex-AOCI $42.52, up $1.42 QoQ; debt to capitalization 26.4%.
- Returned $32M to shareholders via common and preferred dividends in Q2.